WTF is the matter with your reading comprehension?
I never said that I "worked hard", I said that I "worked", and that it was "easy" for me to beat the markets availing myself of those opportunities.
Why don't you try reading the fvcking posts before you vomit out a response.
Now I remember why I stopped posting here.
You mad, bro?
on the contrary - I am doing close textual reading - no throwing up here.
here's what you say:
"Second, what I do requires work, but it is work that I understand, unlike trying to strategically invest within the existing climate to extract yield. To me, what I do is less risky than it would be at the moment to "invest", but it is by no means "easy", as you wrongly suggest."
ok, so far you say your investment work is "by no means 'easy'" which sounds like it is, well, hard.
then you say elsewhere beating the market:
"has not been hard either this year or last"
you don't see a contradiction here? Is it "by no means easy" or is it "not hard?"
of course beating the market is hard - but you want to project this sense of an easy end-around of the markets - just ticked me off here. But I hear yuo - you are usually invested.
i'm hoping we can cut this off soon with some understanding. maybe some shade of gray. Grigio metalico?
Ghost of Igloi wrote:
Here you go, read the first paragraph. Now criticize me for posting another Stockman link.
http://davidstockmanscontracorner.com/wall-street-still-didnt-get-the-memo-chinas-done-tops-in/Yours,
GOI
So...David Stockman is a regular poster here? Who'da thunk it?
Broski wrote:
You mad, bro?
No dude. The doesn't get mad.
Remember, he is a legend in his own mind. Starts businesses just like snapping his fingers, goes through the ten most beautiful women in the world before breakfast, has too many patents to count, makes Warren Buffett look like a rank amateur,... Why in the world would he ever get mad?
One more attempt:
What I have done requires work. That work is not "hard", but it is work, and it has taken me years to arrive at this point, at which it is not hard. Neither is it "easy", as is implementing standard portfolio theory. Building "the appropriate" diversified portfolio and rebalancing now and then is easy--in fact, its being "easy" is one of its most oft-touted virtues.
The work I put in is not hard, but it neither is it easy. What is easy is achieving the result of beating market returns by putting in that work. No, the work required is NOT synonymous with the return achieved, the return is proportional instead to the risk profile selected as a result of the neither hard nor easy work.
Over the past year and a half the ranges have been in my favor, and I have been able to select the lower end of the risk spectrum and still beat the markets. That is the sense in which beating the markets has been easy.
Got it?
Maserati wrote:
One more attempt:
What I have done requires work. That work is not "hard", but it is work, and it has taken me years to arrive at this point, at which it is not hard. Neither is it "easy", as is implementing standard portfolio theory. Building "the appropriate" diversified portfolio and rebalancing now and then is easy--in fact, its being "easy" is one of its most oft-touted virtues.
The work I put in is not hard, but it neither is it easy. What is easy is achieving the result of beating market returns by putting in that work. No, the work required is NOT synonymous with the return achieved, the return is proportional instead to the risk profile selected as a result of the neither hard nor easy work.
Over the past year and a half the ranges have been in my favor, and I have been able to select the lower end of the risk spectrum and still beat the markets. That is the sense in which beating the markets has been easy.
Got it?
ok man, I'll give it a rest.
No No Just No wrote:
Broski wrote:You mad, bro?
No dude. The doesn't get mad.
Remember, he is a legend in his own mind. Starts businesses just like snapping his fingers, goes through the ten most beautiful women in the world before breakfast, has too many patents to count, makes Warren Buffett look like a rank amateur,... Why in the world would he ever get mad?
Trash the guy all you want, but I think he's been pretty frank. All he's saying is that the markets are not the be-all and end-all, and that if you can do better by working your resources outside the markets you should give it a shot. He was being roasted for being "out", but from where I sit, he has again timed it well. Even though he's a dickhead.
S5S5S5S wrote:
No No Just No wrote:No dude. The doesn't get mad.
Remember, he is a legend in his own mind. Starts businesses just like snapping his fingers, goes through the ten most beautiful women in the world before breakfast, has too many patents to count, makes Warren Buffett look like a rank amateur,... Why in the world would he ever get mad?
Trash the guy all you want, but I think he's been pretty frank. All he's saying is that the markets are not the be-all and end-all, and that if you can do better by working your resources outside the markets you should give it a shot. He was being roasted for being "out", but from where I sit, he has again timed it well. Even though he's a dickhead.
"Pretty frank"?!? Did I ever say he wasn't frank? (And do I really give a shit about him being frank? - different question)
Maybe you missed his earlier "conversation" with Flagpole. I'm not normally a huge fan of FP but The Mas came across as the biggest douche bag this side of Donald Trump. The self-important wind-baggery was absolutely breathtaking.
Go back and read it if you get the chance. Great for a laugh at the very least.
I enjoy few things as much as a doom and gloom forecast proven wrong.
Here's one today - it was from a guy who apparently !accurately! predicted three former crashes! He predicted 20% fall in the months 7/14 to 7/15.
eyeballing it, the worst we got in that period was down 4.5% in december.
it's the old thing - forecasters get lucky -- doesn't mean they know anything.
“The tape looks exceptionally tired and heavy,” Cook says. “I see a huge divergence between the weak internals of the Tick and the rising stock prices. The divergence is as wide as the Grand Canyon. It’s incredible.”
incredible, dude.
agip wrote:
I enjoy few things as much as a doom and gloom forecast proven wrong.
Here's one today - it was from a guy who apparently !accurately! predicted three former crashes! He predicted 20% fall in the months 7/14 to 7/15.
eyeballing it, the worst we got in that period was down 4.5% in december.
it's the old thing - forecasters get lucky -- doesn't mean they know anything.
http://www.marketwatch.com/story/stock-trader-who-called-three-crashes-sees-20-collapse-2014-07-28?siteid=yhoof2“The tape looks exceptionally tired and heavy,” Cook says. “I see a huge divergence between the weak internals of the Tick and the rising stock prices. The divergence is as wide as the Grand Canyon. It’s incredible.”
incredible, dude.
Yep. Forecasters get luck sometimes, and it doesn't prove they know anything. This is why investing in the stock market is just PART of your financial planning. Other planning includes being debt free including owning a home when you retire, having either some bonds OR 3 YEARS of liquid cash (CDs, cash, money market account, etc.) in addition to your stocks when you retire, and another source of income (Social Security, Pension, rental income, etc.).
Thanks for the comparison, lol
If chemical reagent is out there, are you still doing your fantasy day trading? If so, what was up with the quick spike in all the markets today? Some HUGE order go down?
I'm guessing that traders are betting on a better than expected GDP number tomorrow morning. Maybe they read the Fed statement and view it as more positive re; GDP than most poeple think.
Or maybe they think GDP will be weak and that will keep interest rates down. One or the other, definitely.
or maybe the east coast heatwave has gotten to peoples' heads.
"Fantasy" day trading? I make real money and have posted my trades here for all to see. Why don't you do the same, or is it you who does the fantasy trading?
I still think it is a speculative market. How else do you explain CMG and BWLD trading at 40 times earnings? Goofy stuff.
Ghost of Igloi wrote:
I still think it is a speculative market. How else do you explain CMG and BWLD trading at 40 times earnings? Goofy stuff.
nah, it's a cheap market driven that is ignoring fundamentals. How else do you explain WDC trading at 12x earnings, with 27% of its market cap in cash, 1.2 x sales, with earnings growth and a 2.6% dividend?
Chemical I don't do any trading, fantasy or not. Did you make good on this fed announcement? Why did you stop posting?
agip,
Market driven yea right. Management seems real bright. You can buy it.
"the company’s board of directors authorizes a new share repurchase program of $2.0 billion, representing nearly 8.5% of its total outstanding shares at the closing price of $100.68 on Feb 3."
Igy
agip,
WDC's business is so cyclical you better hope this economy has legs, because if not that stock has a lot further to fall.
Igy
Ghost of Igloi wrote:
agip,
WDC's business is so cyclical you better hope this economy has legs, because if not that stock has a lot further to fall.
Igy
c'mon man! I don't care about WDC - I was just ribbing you for picking two stocks and extrapolating their frothiness to the rest of the market.
So I picked one cheap stock and extrapolated that out. equally silly.
that said, the stock looks up after hours on earnings - huah