Myth465

Same reply same question.

Moore I tend to agree with you. Generally perma bears are perma bears and never end up deploying capital. Waiting until the market as a wholes hits Schiller or Granthams valuation metrics doesn't seem worth doing. Especially considering the fact that stocks rarely get to where Schiller ratios point they should be.

All roads lead to LVLT3

Taleb on point as usual.

Damn

I find the guy fairly interesting. Sorry if cross linking is found to be annoying by anyone. His list is interesting because it includes many books which have not yet been mentioned before. I plan to slowly (key word being slowly) get around to reading these and will add reviews to the book section. http://adventuresincapitalism.com/page/Kuppys-Book-List.aspx

Melbourne realty is annoyingly high especially compared to Texas....

This makes the argument far better than I ever could. Also explains Schiller's comments. http://feedproxy.google.com/~r/EconomistsView/~3/uperxvd3u2I/shiller-making-the-most-of-our-financial-winter.html

Interesting take on retail http://adventuresincapitalism.com/post.aspx?id=f8e5b9dd-d531-40e1-82b2-87fccfd53420

Becoming a big fan of Gundlach, I think he is spot on regarding asset allocation for the wealthy.... Its what I would do.

Ultimately I agree with you, but would put the blame 45% on Obama, and 55% on the House. Obama has been played like a fiddle, and his adult in the room back room channel strategy has been disastrous. His only saving grace is the Republican platform is on the other side of the planet from the Country's and from most rational people. Obama should be dead in the water, but the Republicans are choosing between (Another Texan who cant effectively string together a sentence that makes sense (a bit too soon eh), a Mormon (the base is Christian and considers Mormons members of a cult, and an African American Conservative (suicide given the base and Obama's corner on the black vote). I would vote for Romney especially after his comments on China, but he is going to have a hell of a time getting the nomination, and an even worse time bringing out the base. If we deserve the leaders we get then what does that say about us given the last 12 years, and the next 4......

Packer I think you have a point, but the issue is you put absolutely zero blame / credit / or weight on the fact that we have one of the most polarizing and uncompromising houses of my life time. That in and of itself makes you appear as a partisan. Most left of center liberals are annoyed / angry with Obama and disgusted by the House and Senate. You seem to always place 100% of the blame on Obama for his inability to herd cats, while not acknowledging that cats arent herd animals.

Great post Az, you guys are funny. Your arguments basically amount to let them eat cake, we all know how that worked out for Mary ann... Buffet as usual is 6 chess moves ahead of the curve.. occupy wall street is growing.......

I think your ACCT professors are probably smart, just not interested in business or investing. I think we are lucky to live in an age where we can find a crowd that is into whatever we are into. Feel free to shot me a PM.

I am 28 now, but have been looking into this / doing this since 18. Fatwallet Finance talks about this quite a bit. Before the financial crisis there were no minimum fees or capped fees (now its 4%). Rates were also 5% or 6% in Savings accounts. It was a very easy spread to earn. Using this for anything other then risk free arbitrage introduces risks .... With the 3% fee, your hurdle rate is 3% which is tough to beat. You can get 10% in the market or 6% in Australia but you introduce currency risk or market risk....

The Ben Graham post towards the beginning is very interesting.

Even better addition.

I am just hoping that the plan is a real plan. Either Billions of dollars of unlimited support or a big F you to Greece with money going to the banks. France and Germany have been chewed out by every Major country in the world. I am sure that has to mean something. As Buffett said the can is going to go off the road if kicked hard enough. My equity values have been battered and I can take a few more paper losses, I just hope there is a run on French and German institution if my stuff goes down... Nice story by the way.

Come on man let us enjoy the rally for a bit lol.

I have posted this in the Buffett thread and will post it here. Perhaps Obama was between the Moneyed interest and the Pitch Forks. People continue to have left right or capitalism vs. socialism debates, but I feel like they are missing the forest for the trees. If the masses arent happy, distracted, or busy they will rise up if they feel threatened. There is and always will be class warfare, and Buffett put it best when he said his class is winning. --- Things arent so bad and protests are springing up all over the country. Republicans inmo are killing the golden goose (Democrats are helping via incompetence), I hope someone is paying attention. As I have said in many prior messages / posts, I have always thought Warren Buffett was primarily interested in self preservation, and have found him to be very forward thinking. This is copied from Fatwallet, but says things much better then I ever could. It was in response to Herman Cain. I am asking for common sense, not economic dogma..... http://www.fatwallet.com/forums/finance/1129975/?start=120 Posted by MACV55 - Preserving Capitalism falls to the comfortable and the wealthy. if this group is too rigid and uncompromising, defending the status quo in all scenarios, the result is a given. self-preservation in humans requires the understanding that self-preservation is universal, even if it appears undeserved. Economic revolution may seem to begin with the "have-nots", but it's really begun by the "haves" not using their intelligence in the face of economic reality. --- I am sure Mubaruk dismissed the Tahir Square protest as a few hippies dancing and singing, I wonder how that worked out for him. The masses on the left and the masses on the right are unhappy about the direction of the country. I would listen if I was in power, and had an interest in retaining power. http://wearethe99percent.tumblr.com/ - Another interesting site.

Things arent so bad and protests are springing up all over the country. Republicans inmo are killing the golden goose (Democrats are helping via incompetence), I hope someone is paying attention. As I have said in many prior messages / posts, I have always thought Warren Buffett was primarily interested in self preservation, and have found him to be very forward thinking. This is copied from Fatwallet, but says things much better then I ever could. It was in response to Herman Cain. I am asking for common sense, not economic dogma..... http://www.fatwallet.com/forums/finance/1129975/?start=120 Posted by MACV55 - Preserving Capitalism falls to the comfortable and the wealthy. if this group is too rigid and uncompromising, defending the status quo in all scenarios, the result is a given. self-preservation in humans requires the understanding that self-preservation is universal, even if it appears undeserved. Economic revolution may seem to begin with the "have-nots", but it's really begun by the "haves" not using their intelligence in the face of economic reality.

Ya Ackman or Buffett may have made a very mediocre scientist. Buffett gave back way more doing what he loved, and allocating capital. Ackman will likely do the same.

I was in Sydney for all of October 2008. It was great because when I woke up in the morning I would get the final market score -- be it up 10% or down 10% for the day. I didn't have to watch it go nuts all day long. I actually like that aspect. its really nice when you arent moving in or out. You wake up and know where you stand.