Myth465

http://finance.yahoo.com/blogs/breakout/bank-stocks-cheap-buy-now-bove-184903542.html;_ylt=AlCbNYHHNoXcguZtynIZkjgm2YdG;_ylu=X3oDMTBvdDRyaDhmBHBvcwMxBHNlYwNNZWRpYUJsb2dJbmRleA--;_ylg=X3oDMTFvcGs0cnBnBGludGwDdXMEbGFuZwNlbi11cwRwc3RhaWQDBHBzdGNhdANibG9nBHB0A3NlY3Rpb25zBHRlc3QD;_ylv=3 Dick Bove recommends banks, Thoughts from Munger?

Very interesting. Thanks for your thoughts.

HP can also continue to destroy value by selling off, destroying, or exchanging low PE businesses for extremely high PE acquisitions. More than 1 way to close a gap.

On Day 91, I am surprised that some still give more credibility to major investors like Wellington, Davis, Richard Chandler et al. than to a questionable miscreant like Carson Block. ;D When are we finally going to give Carson Block due credit for nailing a bunch of crooks? I tried, Myth, I tried: That was really a good try. I am consistently reminded of that dynamite Joel Greenblatt quote after reading this thread.

Hester at this point I would say you are wasting your time. There are plenty of ways to make a buck, and lose a buck. Some people insist on doing it the hard way. Its funny how did value investing become synanomis with wading into crap and hoping for the best.

I highly recommend this video, watched it last year and found it intertaining. Also love the thread title.

I too think the wrong lessons are being drawn from this ordeal. But its not my money, and I lose enough so who am I to judge..... You know what they say. ○ Gordon Gekko from WS 1 - A fool and his money are lucky enough to get together in the first place.

My fat friend lost about 35 pounds by following the Tim Ferris diet in the 4 hour work week.... I mean diet...

I find its just easier to avoid China.... Another one bites the dust.

Waiting for the I told you so...

Wow thats a crazy path. http://latimesblogs.latimes.com/nationnow/2011/08/hurricane-irene-ny-and-four-other-states-declare-state-of-emergency.html

I will watch it even though I really dislike Forbes. Will be interesting to hear his nat gas theory.

I am looking at FFH, CNA, and BRK should things look ugly. I will hold LRE through, its the gift that keeps on giving. I thought alot of insurers pulled out of Florida? That storm is huge, thank god its not headed towards Texas, though we could use the rain...

Sorry about the wrong person. I dont have particularly good feelings about Bernanke (but do on Keynes lol). I would say he is doing an ok job considering the hand he was dealt. There definitely many better man for the job, but that can be said of most jobs. Will check out the link prior to bed time.

I too am out of capital, but have been raising it over the last few days. Hopefully ATPG continues to run and I can harvest some capital from there, SD is looking more and more like a fat pitch to me, though one may want to go out to the 2014s...... LOL. Its just another nod to the quality of the board. You guys have extreme patience and will likely or already are probably excellent parents. This is one skill I truly lack. That and spelling lol. Patience is the state of endurance under difficult circumstances, which can mean persevering in the face of delay or provocation without acting on annoyance/anger in a negative way; or exhibiting forbearance when under strain, especially when faced with longer-term difficulties

Moore we are wading into politics and ideology which is a battle not worth fighting (minds are more or less made up). I will say this I have never really seen counter cyclical Keynesian policies implemented (outside of say perhaps Chile with copper). Most governments spend in the bad times to save the economy, and spend (or cut revenues / taxes) in the good times due to well good times. That inmo is the source of all of our problems. We are all Keynesians in bad times, and Libertarians in good times...... QE3 shouldnt be done because QE2 added no real value outside of increased commodity prices. Zarley has the best advice and Uncle Ben should listen. I have bought stocks yielding 10% and Mr. Market will come around sooner or later. If we get a QE3 then my oil stocks should do quite well....... Thanks for the writing, I read it, but did not catch the video. Bernanke is no Keynesians.

Isnt Bernanke a Friedmanite? Keynes was a genius inmo.... QE in my opinion has nothing to do with Keynes.

I call bullshit on that. I tend to agree. There is just too much activity to really be indifferent and hopeful...... BofA is hot right now. What happened to the LVLT 3 thread.

Hey Val nice to see you back. I think getting out of PCs has merits, but they way they did it was beyond stupid. Also what about cross selling with Corporations. I think any company which buys from HP is pissed right. The thought of buying hardware from some Asian vendor who may buy HP and the uncertainty has to be annoying.

I think the hardest part about Tech is the reinvestment. Google gives me hope, Microsoft and HP scare the hell out of me. Motorola makes sense for panients and product design, but not sure how they will handle the PR and interactions with other Andriod phone makers. Truth be to told they were the only viable game in town, and would have probably gotten to 70% market share vs Apple. Now they may have given Microsoft a way in. Only time will tell, I think I will keep my dollars allocated towards simple industries but Tech is sure fun to watch. If I do buy it will be in moated companies such as Google and Intel. I cant wait to see what this tablet buzz is about....

I never bet on HP, but the fact that the analysis was so off leaves one to wonder. I figured they were on the same path as dell, a gradual switch to services. If I had excess cash and was more diversified I could have easily bought HP leaps within a basket. With most investments I know how or why I lost and its usually an asymmetrical bet, HP was out of no where ...... I figured Tech isnt as easy as other industries and Mr. Market might be on to something, I still like WDC and feel that everyone is seeing the trees and missing the forest there. ----- I really like Android and its light years ahead of anything RIMM is doing. My major complaints would be - 1 a nerd can have a pretty nice Andriod phone with dozens of key and useful apps. This is great for me, who spent 5 hours watching videos and testing apps. It sucks for Joe Six Pack though who would prefer a nice setup out of the box (Apples strong point inmo). Hopefully they begin to incorporate some of the best design apps into the stock OS, and hopefully Motorola can provide a stable platform for the corporate space.

Thanks TX, HP getting cut in half and my new Android phone have shown that I have been off the mark regarding tech. Hopefully the cheap Touchpad and this presentation will continue to further my education.

HP really screwed up. I am sure alot of Corporate clients will switch. I am also sure this will hurt their cross selling abilities. Not sure what the benefit was in doing things the way they did it. It seems like Management is only focused on margins...

Yep its a PMA account. You get a checkings and a brokerage or several brokerage accounts. As long as you have 25k in total assets you get 100 free trades per account. I use it for all common trading. I use TOS for Options. I have had it since 2007, works very well for common. Wouldnt use for Options or penny stocks. You can even buy pink sheet Canadian stocks for free... Also starting a capital one account for free ATM withdrawals and a capital one savings for 1.10% APR.....

Wells Fargo offers 100 free trades per account if you have more than 25k in total account balances. I use it and Thinkorswim....