-- Kim Kardashian
Keeping Up With the Kardashians is an American reality TV series that has been on the E! network since 2007. The series focuses on the professional and personal lives of the Kardashian-Jenner family, with emphasis on the Kardashian women: Kim, Kourtney, Khloe, Kendall, Kiley and Kris. Most recently, Bruce Jenner (who is undergoing a gender transition) has been a series focus.
Keeping Up With the Kardashians takes the "famous for being famous" concept to a new level. It appears that the core appeal to many is the outrageous stuff that comes out of Kim's and the others' mouths, which is actually occasionally funny.
"Even when you think something about the Kardashians could be interesting, it's not."
-- David Hinckley, New York Daily News
To me, Keeping up With the Kardashians is a metaphor for the market, as the popularity of both are foreign to me, and the story lines often seem fabricated. At times, the series (consisting of a group of desperate people doing little) seem to be like Mr. Market, consisting of a bunch of theses woven together in an attempt to climb to the margins of fame and to new records.
Promotionally minded, Kim Kardashian (the series' central focus) reminds me of Tesla's (TSLA) Elon Musk, another master of boosterism, and even to the bubble in private-equity startups in technology and social media that exists today.
I watched this season's Keeping up With the Kardashians first episode last night, and I remain dumbfounded by the appeal. In the same manner, I am stupefied by the market's advance over the past 12 months.
Last week I published Paul Tudor Jones' 13 rules. The most relevant one, and reflective of where we are in the bull market cycles, is this one:
"There is no training -- classroom or otherwise -- that can prepare for trading the last third of a move, whether it's the end of a bull market or the end of a bear market. There's typically no logic to it; irrationality reigns supreme, and no class can teach what to do during that brief, volatile reign. The only way to learn how to trade during that last, exquisite third of a move is to do it, or, more precisely, live it."
Paul Tudor Jones is not a man to fade after decades of delivering superior investment returns. His are such good words of advice.