Burlington Northern

[JohnnySavage]

One of the stocks youse people laughed at me for buying last month

[koalabear]

Buffet needed it to haul coal to his power plants.

[JohnnySavage]

Originally Posted by koalabear

Buffet needed it to haul coal to his power plants.

I'll take my 20% gain and find another "boring" stock to hide in for the rest of the year.

[trysail]

It is the nearly infallible mark of a rank amateur to brag about owning or buying a stock that has gone up. First off, no one with half a brain believes or trusts self-promoters. Secondly, there's the question of cherry-picking— you conveniently forgot to mention the losers.

Nothing you say can be verified; that in itself consigns all your claims to the category of irrelevant noise and wasted electrons.

[trysail]

© 1997 Warren E. Buffett


Excerpted from the 1996 Annual Report of Berkshire Hathaway

... Let me add a few thoughts about your own investments. Most investors, both institutional and individual, will find that the best way to own common stocks is through an index fund that charges minimal fees. Those following this path are sure to beat the net results (after fees and expenses) delivered by the great majority of investment professionals.

[JohnnySavage]

I put the proceeds into my favorite cash cow stock, HTGC

[John Doe]

Originally Posted by JohnnySavage

I put the proceeds into my favorite cash cow stock, HTGC

Mmm, cow...

[JohnnySavage]

Originally Posted by John Doe

Mmm, cow...

Do you like your bovine charred or dripping life fluids?

[John Doe]

Originally Posted by JohnnySavage

Do you like your bovine charred or dripping life fluids?

[KRCummings]

What the fuck?
People, there has to be a line we don't cross. Fucking cows is on the other side of that line. Let's try to be civilized.

[JohnnySavage]

Originally Posted by KRCummings

What the fuck?
People, there has to be a line we don't cross. Fucking cows is on the other side of that line. Let's try to be civilized.

I never would have thought of such a thing. I'm too naive to be here.

[KRCummings]

Originally Posted by trysail

It is the nearly infallible mark of a rank amateur to brag about owning or buying a stock that has gone up. First off, no one with half a brain believes or trusts self-promoters. Secondly, there's the question of cherry-picking— you conveniently forgot to mention the losers.

Nothing you say can be verified; that in itself consigns all your claims to the category of irrelevant noise and wasted electrons.

The thread is about a particular stock not his portfolio so there is no "cherry picking." All stock people talk about their stock that has gone up. Know why? Because it's what they do. It's the way they make a living. Is that difficult for you to understand? People talk about their jobs. Maybe you don't have one. I don't know.
Nothing he says about his personal can be verified, no. But then nothing you or I or anyone here says about their personal can be verified. What's your point? That what you're saying is just as useless? Yes, you're right. It is.
Stop trying to find fault where there is none. There are plenty of threads and posts to attack around here. I'm sure this guy has had his fair share, too. This wouldn't be one of them.
And do something about that idiotic font you use. It's pointless, distracting and dumb.

[JohnnySavage]

Originally Posted by KRCummings

The thread is about a particular stock not his portfolio so there is no "cherry picking." All stock people talk about their stock that has gone up. Know why? Because it's what they do. It's the way they make a living. Is that difficult for you to understand? People talk about their jobs. Maybe you don't have one. I don't know.
Nothing he says about his personal can be verified, no. But then nothing you or I or anyone here says about their personal can be verified. What's your point? That what you're saying is just as useless? Yes, you're right. It is.
Stop trying to find fault where there is none. There are plenty of threads and posts to attack around here. I'm sure this guy has had his fair share, too. This wouldn't be one of them.
And do something about that idiotic font you use. It's pointless, distracting and dumb.

I put it on ignore for that. Well, that and being bitter and dumb.

[KRCummings]

Originally Posted by JohnnySavage

I put it on ignore for that. Well, that and being bitter and dumb.

I actually do have it on ignore but I clicked view post for some reason. I must have known he was saying something stupid.

[John Doe]

Originally Posted by KRCummings

What the fuck?
People, there has to be a line we don't cross. Fucking cows is on the other side of that line. Let's try to be civilized.

They have nice udders though.

[trysail]

"Nice" is "nice" and "honest" is "honest" and "competent" is "competent"— but these are not necessarily the same things and should never be confused.

All salespeople are "nice;" they won't last long as salespeople if they aren't. Being “nice,” however, does not make someone either honest or competent. People are easily seduced by the projection of confidence and the chimera of certainty; I am always suspicious of smug certainty. There is an old expression used to describe salespeople: “Frequently wrong— but never in doubt!”

Over thirty years I've run into thousands of so-called "investment professionals." Of those thousands, only three or four were BOTH honest AND competent. It is a depressingly rare combination. All the rest were used car salesmen or dolts or a conflation thereof.

When Warren Buffett says that most people would be better off investing in index funds, it's probably advice worth considering.

[JohnnySavage]

Originally Posted by trysail

"Nice" is "nice" and "honest" is "honest" and "competent" is "competent"— but these are not necessarily the same things and should never be confused.

All salespeople are "nice;" they won't last long as salespeople if they aren't. Being “nice,” however, does not make someone either honest or competent. People are easily seduced by the projection of confidence and the chimera of certainty; I am always suspicious of smug certainty. There is an old expression used to describe salespeople: “Frequently wrong— but never in doubt!”

Over thirty years I've run into thousands of so-called "investment professionals." Of those thousands, only three or four were BOTH honest AND competent. It is a depressingly rare combination. All the rest were used car salesmen or dolts or a conflation thereof.

When Warren Buffett says that most people would be better off investing in index funds, it's probably advice worth considering.

[/color][/size][/font][/b]

I'm not sure if you are posting to entertian yourself, or if this is directed at me. If it's directed at me, you seem to be making some assumptions. I'm not an investment professional. For nearly 30 years I've made my living trading stocks - with my own money. I've never put any money into the market that wasn't 100% mine. Whose money do YOU put into the market? I average about 300 trades a year, some I lose on, some I win on. Overall, I've never missed a mortgage payment.

n.b. that I didn't use the word "invest." I'm not an investor, I'm a stock trader.

[drown]

Originally Posted by JohnnySavage

I'm not sure if you are posting to entertian yourself, or if this is directed at me. If it's directed at me, you seem to be making some assumptions. I'm not an investment professional. For nearly 30 years I've made my living trading stocks - with my own money. I've never put any money into the market that wasn't 100% mine. Whose money do YOU put into the market? I average about 300 trades a year, some I lose on, some I win on. Overall, I've never missed a mortgage payment.

n.b. that I didn't use the word "invest." I'm not an investor, I'm a stock trader.

that's all cool and shit...

can you now parlay
those 30 yrs
of trades
into a single share of berkshire hathaway?

...the pwnd thing
seems trite...

other than as an avocation,
this market hasn't been about the individual investor
in almost a century.

crow about the railroad you used to lease...

but until you have all four,
you cannot reap the big bucks.

christ, chippy!
good for ya!

need another cyber-dart

to toss at yesterday's ibd!

no, really!


what's the point of your op?
need validation on your...

prowess?

isn't your monthly statement enough?



forget all the above...

truly, do.

you're a fucking wizard
and you've obviously got a huge leased car.

[JohnnySavage]

That pant-load is even more painful to read then silly fonts and colors.

What's the point of your posting style?

Need validation of your...

"poetry?"

[drown]

Originally Posted by JohnnySavage

That pant-load is even more painful to read then silly fonts and colors.

What's the point of your posting style?

Need validation of your...

"poetry?"

no .

[tactful]

If one is going to dabble in the market, they should study it, starting with a fund (index is a wise choice) that way they can educate themselves on all aspects, or sectors of the market (provided that fund carries all sectors).
Sure the thing has it us and downs, and one could hit it at the right time with the right choice, beginners luck, possible. But you had better do your homework when you put down the big bucks, and try not to go too long, because you might not see the dead end sign that's coming up.
Trends do come and go, with a steady market, unfortunately the market just hasn't been too steady, so it would be smart to look into a multitude of indexes, one with a low price, that way you're not losing money both ways.

[Frisco_Slug_Esq]

Originally Posted by JohnnySavage

One of the stocks youse people laughed at me for buying last month

We've known for some time that rail stocks were an investment for the future especially if we get the economy killing Cap'n Trade the liberal pirates salivate over like Pavlov's dawg...




Barge companies too.

[John Doe]

Originally Posted by tactful

If one is going to dabble in the market, they should study it, starting with a fund (index is a wise choice) that way they can educate themselves on all aspects, or sectors of the market (provided that fund carries all sectors).
Sure the thing has it us and downs, and one could hit it at the right time with the right choice, beginners luck, possible. But you had better do your homework when you put down the big bucks, and try not to go too long, because you might not see the dead end sign that's coming up.
Trends do come and go, with a steady market, unfortunately the market just hasn't been too steady, so it would be smart to look into a multitude of indexes, one with a low price, that way you're not losing money both ways.

It wouldn't be dabbling then, would it?

[tactful]

Originally Posted by John Doe

It wouldn't be dabbling then, would it?

Only if you've got a couple of thousand laying around, to play with, as opposed to ones' life savings or even half of that.