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xtreeq

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Posts posted by xtreeq

    What will pop by the end of the week?

    in General Discussion

    Posted

    OIBR ... it hit a bottom a few days back and has since climbed up and keeps climbing slwoly - you could perhaps make 10% by the end of the week. More importantly, if you buy now (0.88$) you will be buying lower than most everyone else and it has 90% upside according to Packer :)

     

    I am long OIBR, but ....

     

    Caveat emptor!

    "Macro" Musings

    in General Discussion

    Posted

    Just for fun, I went on Alexa.com to check out the site rank of seekingalpha.com:

     

    http://www.alexa.com/siteinfo/seekingalpha.com

     

    Now it is the 326th most visited site in the US and the 901st in the world ... last time I looked at this data (last summer) it was 590th in the US.

     

    More interesting - the demographics are changing, with the proportion of people with no college education visiting the site growing.

     

    I leave it in each of your capable hands to figure out what this means.

     

    Gio - thanks for the article on the EU. I agree with the sentiment - Europe is a time bomb ... however the "fancy" economic equation reminded me of my level 1 CFA exam :)

    Industry Background of People on This Forum

    in General Discussion

    Posted

    Really nice to see people's backgrounds! My educational background is law, military history and business ... and I have passed the first 2 levels of the CFA exams  ;D

     

    I've been a criminal prosecutor, a tax lawyer for one of the Big 4, a consultant at M/B/B and for the past few years I have owned a small business that caters to hospitals and retirement homes and done some real estate projects. I cannot say I have any profound knowledge of a particular industry, but I try to learn as much as I can about how things work.

    Your returns in 2013

    in General Discussion

    Posted

    I find that I sometimes enjoy the mental game far more than the actual returns! I think Gio is the same in this way ;)

     

    Yes! Of course!!

    Go to twacowfca, Eric, Packer, Al, Kraven, Onyx1, Sanjeev, etc. for actual returns…

    But come to me, if you want to enjoy the mental game!!

    ;D ;D ;D ;D

     

    Gio

     

     

     

    Meraviglioso Gio, ma si ottiene anche i risultati :D      Andiamo!

    Your returns in 2013

    in General Discussion

    Posted

    Just following up a bit on Uccmal's very good post, the problem with these kinds of threads is that they inspire greed and envy.  That's a deadly combination.  It makes people do things they might not ordinarily do.  As Oddball posted the other day with a link to the Bogleheads board, average people don't have anywhere near the returns that even the "poor performers" on this board have achieved.  There are people lamenting 20% and 30% returns like their world has come to an end and they might as well hang up their investing spikes forever. 

     

    So what will happen?  It's the same thing here as in the threads on leveraging up with options.  People will look at those who got gaudy returns and try to emulate them.  The thing is that the people who got these returns are very smart, very experienced and very good at what they do.  It's not the kind a thing a novice is going to just pop in and do.  Yet, that is what many will try.  The problem is that when the music stops the experienced will grab a seat while the novices will be left dancing for a few minutes until they realize the music hasn't been playing for a while. 

     

    Know thyself.  Figure out what you are good at and what is comfortable for you.

     

    I'm a novice at this pursuit so thanks for the perspective. I think any year in which you do not lose your capital's purchasing power cannot be thought of as "bad" ... as for good - this is more subjective. I find that I sometimes enjoy the mental game far more than the actual returns! I think Gio is the same in this way ;)

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