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TTID...This Time It’s Different
Howard Lindzon
August 26, 2017
I am in Maine this week with Ellen and Max. I have never been to the coast of Maine and it is beautiful.
Today was a big day as we dropped Max off at school. Ellen and I are officially empty nesters.
Our first empty nest run together was in Kennebunkport (which has cornered the market in pastel cardigans).
I took a picture of this yacht today while jogging on the beach and shared it on Twitter asking people to name it for me.
Bought a boat …I'm calling her ______ pic.twitter.com/OawOexze56
— howardlindzon (@howardlindzon) August 26, 2017
The answers are as usual…hilarious. Scroll through them. My favorite was from Raju who said I should call her:TTID (This Time It’s Different).
Sir John Templeton wrote “16 Rules for Investment Success” in 1993. The most quoted passage over the years since:
The investor who says, ‘This time is different,’ when in fact it’s virtually a repeat of an earlier situation, has uttered among the four most costly words in the annals of investing.
I am hearing a LOT of TTID these days.
We have not had a big correction in the S&P (other than election night) for ages.
We have the crypto and token boom.
We have liquidity up the wazoo.
This time is NOT different, but it sure has been enjoyable.
I am grateful to have a wide community of people to enjoy this boom with me.
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