2min chapter

The Compound and Friends cover image

Wait 'Til The VIX Spikes

The Compound and Friends

CHAPTER

The Seasonality of the Markets

Once upon a time, before even there was a federal reserve, a money moved around in the form of gold bars. Every september, the farmers would call their money back from new york where bankers were using it as a plaything. So you could set your watch by it, the panic of 19 o one, thepanic of 19 o two. But that's from a time when, like, i think three quarters of all men in america worked on a farm, literally. And then the other 25 % speculated with their money.

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