eclecticvalue
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Posts posted by eclecticvalue
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I read the article in the NYT. My takeaway from the article is he thinks any of the great investors that have done very well. All of their success is attributed to luck. The few paragraphs that talks about overconfidence was great.
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Wow this guy definitely found a GARP play which became a ten bagger which many users on this site seek. I wonder if he stuck with this stock for the long haul. I think Apple definitely fits the definition of a ten bagger. A company that was growing its product line to stay competitive and grew in earnings.
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Wow this is very interesting a hacker group turned into short sellers. I wonder how they obtain key information, probably by hacking lol.
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I can't answer your question. But I am interested reading the 4th edition as well. I wonder why it has never been reprinted. Has anyone read it, if so could you compare it to other editions?
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My question is With a lot of states searching for revenues to make up for shortfalls, a few of them are turning towards casinos. Especially New York (check this article out http://www.nypost.com/p/news/local/poll_nyers_want_casinos_gas_drilling_fGDL7Tqv6DtR9yxhL2ljcL?CMP=OTC-rss&FEEDNAME=) Will there be a glut of casinos possibly making it a bubble or cannibalize existing casinos?
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Check out the cooperman video. He is always pragmatic about the economy, his picks were very interesting.
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Too bad I can't go tomorrow because of inclement weather :'(.
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I also received a stiff softcover. I am surprised I still got it because I didn't send them a mailed envelope to them because it was during the Canadian postal strike. So I completely forgot to send it but I think they sent it to me since they still have the email I sent them. Thank You Fairfax!!! The book has a nice design can't wait to read it.
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Hey everyone, I recently got a soft cover version of the book. Did anyone else get one? I forgot but if you went to the shareholders meeting were the books softcover or hardcover?
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Yay another person who believes in MMT. About Kyle Bass, Is he bullish on Japan?
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Haha good ol reddit ;D. Have you checked out their r/investing . /Facepalm
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I knew it was a premium due to investors betting on Kupperman. Also investors are getting hyped about the growth prospects of Mongolia through Kuppermans posts on his blog. Thank you for your insight NumquamPerdo.
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Very classy way of addressing your lack of knowledge. Liberty, what is the background story of the letter?
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That is a crazy valuation why in hell would I pay 13xNAV for a fund that just started? Yes Mongolia is prone for good growth but that does not justify that the hard work these guys have put is worth 60M$.
BeerBaron
Maybe it is Harris Kupperman running the fund. I would say the "Kuppy" premium is built into the stock price.
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There is a mis-conception with the weimar republic. The weimer republic had foriegn denominated debt issues and also regime changes. So it messed with the confidence of the people. Whereas the United States can issue money in their own currency. No one else can, so in the sense it can't go bankrupt. Dont get me wrong hyperinflation is another form of default but if the citizens do not think the dollar should be used anymore then things will get dicey.
Here is another link to check out http://pragcap.com/hyperinflation-its-more-than-just-a-monetary-phenomenon
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Actually QE is an accounting transaction where banks switch assets with the federal reserve. So it gives fresh liquidity to banks. Looking at QE1 banks switched illiquid/subprime mortgages with federal reserve in exchange for capital reserves. QE2, banks switched treasury bills with the fed. In return the federal reserve gave them reserves. The reason why people think QE is printing money is where did the federal reserve get the money and some people think its printing but the fed created the money out of thin air or to be specific the fed created money on the computer. It is a hard concept for most to understand but that's how its done.
BTW I am a believer of the MMT and believe the United states can never go bankrupt unless people do not believe in using the dollar. Some members want to know where am I getting the info well check this post out.
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Noble tradeing is another discount broker that offers international trading. As scorpion mentioned interactive brokers is usually the best when it comes to international trading. Most discount brokers charge too much on international trades. Also I know tradeking will offer international trading one day but I am not sure when it will come out since they are working out the kinks, but I hope the prices will be cheap ;D.
About broker safety, I would assume most brokers would be safe since they wont overextend on the margin. Usually a lot of them will follow the requirements and rules to the T. Although the clearing houses can be wacky towards the brokers.
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One thing people are forgetting about is the super committee meeting on capitol hill the decision will be coming on Nov 23rd. That will be a major event to watch for and also Europe because somehow the market think europe will cause problems for us even though I hope we do not hold any of their denominated currency in debt.
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Sorry for this off topic message.
Has anyone tried reading annual reports or sec filings on a tablet? I would like to know about the experience.
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If you can find a local investment management firm that uses value investing methodology, you can intern there for free, possibly it could turn into a full time gig.
or
Get an MBA and try to network and do investment management internships or find a job in another area in the financial services industry.
Where are you located?
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PRXI maybe, the court gave them in specie award this Monday but if they can't find a suitable buyer then it'z a value trap
They can still turn around on the operations side and since they hired a new CFO who has experience in the media business. I am sure they will make things work for them. This past quarter they made a profit.
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In any event, it's a good idea to keep your browser updated.
Well, i guess since i still have my IE on here (not my default) I should update it to 9? Why were all the ads just sayiing "update to IE8 and not IE9"
Another question, If i update the IE still on my comp, how do i make it not be my default since it will be the latest browser updated if i do? In case it doesnt ask me
Are you running Win7? I noticed on my WinXP PC that I can't update to IE9. It may be OS related.
If you launch a browser that isn't set as your default, it should ask to be set as the default when you launch it.
Chrome 13 or Firefox 4 will probably perform better than IE8, but I don't think they're clearly better than IE9 at the moment.
Have you tried firefox 5 it runs very well and firefox 6 comes out tomorrow.
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I am using firefox and firefox 6 is coming out on Aug. 16th. I use IE as a backup if a website does not work well with firefox.
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Anyone want to explain how it relates to investing? Just curious
Thinking, Fast and Slow - Daniel Kahneman
in Books
Posted
This is the link I was talking about. http://www.nytimes.com/2011/10/23/magazine/dont-blink-the-hazards-of-confidence.html?pagewanted=all