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Be fearful when others are greedy. Be greedy when others are fearful

8/5/2016

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The title is a Warren Buffett quote; I consider that statement to be the single best piece of investment advice. 

The best thing for a young investor to do is study the greats. My personal favorites are Carl Icahn, George Soros, and Warren Buffett. (Wiki pages linked)
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Bank of England cuts their interest rate to 0.25%

8/4/2016

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The Bank of England dropped their interest rate to 0.25% this morning (8/4/16).
This was their first rate cut in 7 years.
Picture
(pictured above) the GBP/USD exchange rate took a dive on the news, the GBP/JPY forex rate also reacted negatively. Interestingly enough the EUR/GBP rate went up by about as much as GBP/USD went down.
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    JB3

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