Expecting A December Correction

We believe that according the name ‘investors’ to institutions that trade actively is like calling someone who repeatedly engages in one-night stands a ‘romantic.’
—  Warren Buffett
[With the Dow at very near an all-time high, a “normal” market “correction” (a 10% drop) will still leave the market above 25,000 which would still be a historic end of year high.  The only questions are when will the correction eventually happen and how far past “normal” it will go?  Okay, three: how long will it last?  Remember, this is the first Presidency to have an 800 point drop in a single day…  Of the top five daily losses in Dow history (roughly 120 years), ALL five have happened during the current Administration.  So far, we’ve recovered from each quickly…  —  KMAB]
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On This Day In:
2018	Dominoes II (Update From Last Year’s Post)
2017	Dominoes
2016	Itchin’
2015	In The Not So Distant Future
2014	Sources
2013	Three Essentials
2012	Just Looking
2011	Religious Lessons
2010	View From Under The Bus… (A mid-term report card on the Obama Administration. Long, but still worth reading for historical perspective.)

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#Impeach45: Once A Buffoon, Now A Bad Joke

Chains of habit are too light to be felt until they are too heavy to be broken.
—  Warren Buffett
[And soon, hopefully, just an embarrassingly bad memory…  A genius for marketing one’s self is only useful if – ultimately – there is something in you of value.  Otherwise, with bad luck, you pitiably end up at center stage with no talent to perform.  #GrifterDon was able to make it to center stage.  Under the bright lights, he has wilted and shown us he can’t dance, sing or even perform a soliloquy.  —  KMAB]
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On This Day In:
2018	Good Sense
2017	E Pluribus Unum
2016	Lacking
2015	Chip, Chip, Chip
2014	nom de plume
2013	The Real Reason
	From The Book
2012	When Young
2011	14 Ways To A Better Judgement

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Four Buffett’s

Risk comes from not knowing what you’re doing.
—  Warren Buffett
Price is what you pay.  Value is what you get.
—  Warren Buffett
Rule No.1:  Never lose money.  Rule No.2:  Never forget rule No.1.
—  Warren Buffett
In the business world, the rearview mirror is always clearer than the windshield.
—  Warren Buffett
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On This Day In:
2018	Change Happens
	Day 13: Ginger / Mint Relief
2017	Still Removing Bricks
2016	Namaste
2015	Still Learning
2014	Dark Processes
2013	To The Last Link
2012	Slept In Again
2011	Home Again, Naturally
2009	Thoughts after a long day of OT…

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And Government Shutdowns, Too

I think that both parties should declare the debt limit as a political weapon of mass destruction which can’t be used.  I mean, it is silly to have a country that has 237 years building up its reputation and then have people threaten to tear it down because they’re not getting some other matter.
—  Warren Buffett
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On This Day In:
2018	Satisfied
2017	In The Mind
2016	Dreaming
2015	The Best Medicine Is Also Contagious
2014	Eyes Off
2013	The More Things Change…
2012	The Delicate Moment Of Giving
2011	Ready, Shoot, Aim!!

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Uncertain Times

You know, people talk about this being an uncertain time.  You know, all time is uncertain. I mean, it was uncertain back in – in 2007, we just didn’t know it was uncertain.  It was – uncertain on September 10th, 2001.  It was uncertain on October 18th, 1987, you just didn’t know it.
—  Warren Buffett
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On This Day In:
2018	Satisfied
2017	In The Mind
2016	Dreaming
2015	The Best Medicine Is Also Contagious
2014	Eyes Off
2013	The More Things Change…
2012	The Delicate Moment Of Giving
2011	Ready, Shoot, Aim!!

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History Judges Incompetent Presidencies, Too

Time is the friend of the wonderful company, the enemy of the mediocre.
—  Warren Buffett
[And some Administration’s are so bad / incompetent / corrupt, we don’t even have to wait for “history”.  —  KMAB]
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On This Day In:
2017	Our Confident New President
2016	Ways
2015	Be Happy, Too
2014	At Least Smile
2013	Comfortably Bound
2012	Certainty
	Thinking About Fathers
2011	And In Every Level Of Media

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Hoping For A Blue Wave In November

Should you find yourself in a chronically leaking boat, energy devoted to changing vessels is likely to be more productive than energy devoted to patching leaks.
—  Warren Buffett
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On This Day In:
2017	Garden Dreaming
2016	Well, Maybe Not “No” Talent
2015	An Appetite For Life
	A Trip To The Library
	Great Expectations
2014	Pass The Soul
2013	Zapping Music And Art
2012	Not Quite Fantastic
	That Kid Is Back
2011	Wolves At The Door
2010	I’m Feeling Patriotic… (Well, more than usual, anyway.)
	Beating the Heat…

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