IrezumiKiss
Literotica Guru
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Just a bit of humor
Don't quit your day job, Dangerfield.
https://media.tumblr.com/tumblr_lxpj6grFIe1qcaomb.gif
Why have Republicans stopped bragging about the stock market?
- Thread starter RoryN
- Start date
Don't quit your day job, Dangerfield.
https://media.tumblr.com/tumblr_lxpj6grFIe1qcaomb.gif
adrina
Heretic
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I'm brave by saying "fuck if I know"?
Beyond partisan semantics, there's entire schools of thought dedicated to the strength it takes to admit our lack of knowledge.
Pookie
Chop!! Chop!!
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I heard you the first time! Hedging your hedges= fuck if I know. Just a bit of humor
You should save up. Just sayin'.
icanhelp1
Literotica Guru
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I don't have a day job so I dabble in comedy, now, if I could only find posters with a sense of humor. Maybe I'll run it by Adrina!
icanhelp1
Literotica Guru
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Beyond partisan semantics, there's entire schools of thought dedicated to the strength it takes to admit our lack of knowledge.
Perhaps you should attend one!
Botanical11B
Loves Spam
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HisArpy
Loose canon extraordinair
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My prediction: The market will continue to go up. And down. And up and down. And up and down yet again.
Quite unlike your flaccid anatomy.
That number would depend on your fantasies rather than my reality. But that won't stop you from making shit up and posting it as "fact" in your effort to assuage your failing abilities in just about everything.
It really isn't our fault you can't keep up with the rest of the class.
For the record, I'm still invested in the market. Not heavily and I'm sitting on a pile of cash as a major part of my portfolio but I'm still in there. (None of it precious metals - that market is looking for suckers to buy high right now.) I anticipate the market will stabilize once the media panic mongering ends. At that point I have my investment plans already primed for action because the market has shown that it can handle 29000. It will rise to that level again. When it does, I'll be riding that wave.
Anyone who isn't making plans for that is a financial idjit. That means you rubbery, just in case you couldn't figure that out.
Stewart_Pidd
making dinner bro
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I'm predicting that the market will swing this way and that way because there's a screw loose bro.
Stew
https://www.alternatehistory.com/forum/attachments/screen-shot-2018-02-11-at-11-25-25-am-png.370038/
Stew
https://www.alternatehistory.com/forum/attachments/screen-shot-2018-02-11-at-11-25-25-am-png.370038/
icanhelp1
Literotica Guru
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People who stayed the course with *company matching* 401Ks are dollar cost averaging at bargain basement deals.
Have not noticed any significant change in my local "stock" market":
Chickens are still producing eggs.
Cattle are still gaining weight on local forage.
Winter vegetables are still producing, and summer seedlings are all germinating.
Grape vines are starting show early budding action.
Dry beans and corn from last year's harvest are still projected to last until the next harvest.
Photovoltaics are still producing electricity and flat-plate collectors are still heating water.
Neighbors are staying in touch with each other about transportation and supply needs.
And, so far, money market accounts are not decreasing significantly in value.
Chickens are still producing eggs.
Cattle are still gaining weight on local forage.
Winter vegetables are still producing, and summer seedlings are all germinating.
Grape vines are starting show early budding action.
Dry beans and corn from last year's harvest are still projected to last until the next harvest.
Photovoltaics are still producing electricity and flat-plate collectors are still heating water.
Neighbors are staying in touch with each other about transportation and supply needs.
And, so far, money market accounts are not decreasing significantly in value.
trysail
Catch Me Who Can
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Chill. Sit on your hands. Do something useful.
All you're doing is making yourself look like a fool and displaying behavior consistent with an extreme case of ADHD.
All you're doing is making yourself look like a fool and displaying behavior consistent with an extreme case of ADHD.
I'm brave by saying "fuck if I know"?
Pookie
Chop!! Chop!!
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Oh, the irony.
Dribble
Literotica Guru
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We need a pretty chart. Something w red in it would be grand.
Stewart_Pidd
making dinner bro
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IrezumiKiss
Literotica Guru
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My prediction: The moon will circumnavigate the Earth. As it does, the seas will rise. And then fall. And rise. Then fall. And rise. Then fall. And rise again. Then fall again. And rise again. Then fall again. And rise and then fall yet again. And rise and then fall yet again after that. And rise and then fall yet again after it rises and falls yet again even after it rises and falls again and again.
https://cdn3.vectorstock.com/i/1000x1000/85/07/ocean-tides-and-currents-vector-3388507.jpg
https://media0.giphy.com/media/3o7abqLfCPokGxPFh6/giphy.gif
https://media0.giphy.com/media/l4FBaonb1hUNpJe12/giphy.gif
trysail
Catch Me Who Can
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[A brief excerpt from the]
2012 Letter To Shareholders of Berkshire Hathaway Corporation
http://www.berkshirehathaway.com/2012ar/2012ar.pdf
by Warren E. Buffett
Copyright© 2013 By Warren E. Buffett
All Rights Reserved
from pp. 5-6:
"...A thought for my fellow CEOs: Of course, the immediate future is uncertain; America has faced the unknown since 1776. It’s just that sometimes people focus on the myriad of uncertainties that always exist while at other times they ignore them (usually because the recent past has been uneventful).
American business will do fine over time. And stocks will do well just as certainly, since their fate is tied to business performance. Periodic setbacks will occur, yes, but investors and managers are in a game that is heavily stacked in their favor. (The Dow Jones Industrials advanced from 66 to 11,497 in the 20th Century, a staggering 17,320% increase that materialized despite four costly wars, a Great Depression and many recessions. And don’t forget that shareholders received substantial dividends throughout the century as well.)
Since the basic game is so favorable, Charlie and I believe it’s a terrible mistake to try to dance in and out of it based upon the turn of tarot cards, the predictions of “experts,” or the ebb and flow of business activity. The risks of being out of the game are huge compared to the risks of being in it.
My own history provides a dramatic example: I made my first stock purchase in the spring of 1942 when the U.S. was suffering major losses throughout the Pacific war zone. Each day’s headlines told of more setbacks. Even so, there was no talk about uncertainty; every American I knew believed we would prevail.
The country’s success since that perilous time boggles the mind: On an inflation-adjusted basis, GDP per capita more than quadrupled between 1941 and 2012. Throughout that period, every tomorrow has been uncertain. America’s destiny, however, has always been clear: ever-increasing abundance..."
American business will do fine over time. And stocks will do well just as certainly, since their fate is tied to business performance. Periodic setbacks will occur, yes, but investors and managers are in a game that is heavily stacked in their favor. (The Dow Jones Industrials advanced from 66 to 11,497 in the 20th Century, a staggering 17,320% increase that materialized despite four costly wars, a Great Depression and many recessions. And don’t forget that shareholders received substantial dividends throughout the century as well.)
Since the basic game is so favorable, Charlie and I believe it’s a terrible mistake to try to dance in and out of it based upon the turn of tarot cards, the predictions of “experts,” or the ebb and flow of business activity. The risks of being out of the game are huge compared to the risks of being in it.
My own history provides a dramatic example: I made my first stock purchase in the spring of 1942 when the U.S. was suffering major losses throughout the Pacific war zone. Each day’s headlines told of more setbacks. Even so, there was no talk about uncertainty; every American I knew believed we would prevail.
The country’s success since that perilous time boggles the mind: On an inflation-adjusted basis, GDP per capita more than quadrupled between 1941 and 2012. Throughout that period, every tomorrow has been uncertain. America’s destiny, however, has always been clear: ever-increasing abundance..."
https://upload.wikimedia.org/wikipedia/commons/thumb/b/bf/S%26P_500_daily_logarithmic_chart_1950_to_2016.png/1066px-S%26P_500_daily_logarithmic_chart_1950_to_2016.png
https://upload.wikimedia.org/wikipedia/commons/thumb/c/c8/DJIA_historical_graph_to_jul11_%28log%29.svg/1000px-DJIA_historical_graph_to_jul11_%28log%29.svg.png
Pookie
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trysail
Catch Me Who Can
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"...
- ...If you can enjoy Saturdays and Sundays without looking at stock prices, give it a try on weekdays.
- Forming macro opinions or listening to the macro or market predictions of others is a waste of time. Indeed, it is dangerous because it may blur your vision of the facts that are truly important. (When I hear TV commentators glibly opine on what the market will do next, I am reminded of Mickey Mantle’s scathing comment: “You don’t know how easy this game is until you get into that broadcasting booth.”)
...Stocks provide you minute-to-minute valuations for your holdings whereas I have yet to see a quotation for either my farm or the New York real estate.
It should be an enormous advantage for investors in stocks to have those wildly fluctuating valuations placed on their holdings – and for some investors, it is. After all, if a moody fellow with a farm bordering my property yelled out a price every day to me at which he would either buy my farm or sell me his – and those prices varied widely over short periods of time depending on his mental state – how in the world could I be other than benefited by his erratic behavior? If his daily shout-out was ridiculously low, and I had some spare cash, I would buy his farm. If the number he yelled was absurdly high, I could either sell to him or just go on farming.
Owners of stocks, however, too often let the capricious and often irrational behavior of their fellow owners cause them to behave irrationally as well. Because there is so much chatter about markets, the economy, interest rates, price behavior of stocks, etc., some investors believe it is important to listen to pundits – and, worse yet, important to consider acting upon their comments.
Those people who can sit quietly for decades when they own a farm or apartment house too often become frenetic when they are exposed to a stream of stock quotations and accompanying commentators delivering an implied message of “Don’t just sit there, do something.” For these investors, liquidity is transformed from the unqualified benefit it should be to a curse..."
-Warren E. Buffett © 2014
Pookie
Chop!! Chop!!
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trysail
Catch Me Who Can
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"...A “flash crash” or some other extreme market fluctuation can’t hurt an investor any more than an erratic and mouthy neighbor can hurt my farm investment. Indeed, tumbling markets can be helpful to the true investor if he has cash available when prices get far out of line with values. A climate of fear is your friend when investing; a euphoric world is your enemy.
During the extraordinary financial panic that occurred late in 2008, I never gave a thought to selling my farm or New York real estate, even though a severe recession was clearly brewing. And, if I had owned 100% of a solid business with good long-term prospects, it would have been foolish for me to even consider dumping it. So why would I have sold my stocks that were small participations in wonderful businesses? True, any one of them might eventually disappoint, but as a group they were certain to do well. Could anyone really believe the earth was going to swallow up the incredible productive assets and unlimited human ingenuity existing in America?
...If “investors” frenetically bought and sold farmland to each other, neither the yields nor prices of their crops would be increased. The only consequence of such behavior would be decreases in the overall earnings realized by the farm-owning population because of the substantial costs it would incur as it sought advice and switched properties.
Nevertheless, both individuals and institutions will constantly be urged to be active by those who profit from giving advice or effecting transactions. The resulting frictional costs can be huge and, for investors in aggregate, devoid of benefit. So ignore the chatter, keep your costs minimal, and invest in stocks as you would in a farm.
My money, I should add, is where my mouth is: What I advise here is essentially identical to certain instructions I’ve laid out in my will. One bequest provides that cash will be delivered to a trustee for my wife’s benefit. (I have to use cash for individual bequests, because all of my Berkshire shares will be fully distributed to certain philanthropic organizations over the ten years following the closing of my estate.) My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be superior to those attained by most investors – whether pension funds, institutions or individuals – who employ high-fee managers..."
During the extraordinary financial panic that occurred late in 2008, I never gave a thought to selling my farm or New York real estate, even though a severe recession was clearly brewing. And, if I had owned 100% of a solid business with good long-term prospects, it would have been foolish for me to even consider dumping it. So why would I have sold my stocks that were small participations in wonderful businesses? True, any one of them might eventually disappoint, but as a group they were certain to do well. Could anyone really believe the earth was going to swallow up the incredible productive assets and unlimited human ingenuity existing in America?
...If “investors” frenetically bought and sold farmland to each other, neither the yields nor prices of their crops would be increased. The only consequence of such behavior would be decreases in the overall earnings realized by the farm-owning population because of the substantial costs it would incur as it sought advice and switched properties.
Nevertheless, both individuals and institutions will constantly be urged to be active by those who profit from giving advice or effecting transactions. The resulting frictional costs can be huge and, for investors in aggregate, devoid of benefit. So ignore the chatter, keep your costs minimal, and invest in stocks as you would in a farm.
My money, I should add, is where my mouth is: What I advise here is essentially identical to certain instructions I’ve laid out in my will. One bequest provides that cash will be delivered to a trustee for my wife’s benefit. (I have to use cash for individual bequests, because all of my Berkshire shares will be fully distributed to certain philanthropic organizations over the ten years following the closing of my estate.) My advice to the trustee could not be more simple: Put 10% of the cash in short-term government bonds and 90% in a very low-cost S&P 500 index fund. (I suggest Vanguard’s.) I believe the trust’s long-term results from this policy will be superior to those attained by most investors – whether pension funds, institutions or individuals – who employ high-fee managers..."
-Warren E. Buffett © 2014
Renaud's picture is next to 'NIMBY', when you look it up in the Funk & Wagnell's.
If it ain't grown.....it's mined.
And, if it's grown, it's done with equipment made from materials that were mined......just like everything else.
But.....I'm sure he thinks it's better, safer, and environmentally friendly, to mine cobalt (for the batteries in his laptop & power tools) with slave labor in the Congo.
Fuck those guys in Idaho working on a cobalt mine start up.
Or PGM's, primarily used for catalytic purifiers, so he can he can suck on the tailpipe of his Prius without his heart stopping..... Better to get that from THE RUSSIANS at Norilsk.
Fuck that PGM mine in Montana.
I could go on....but why bother......
If it ain't grown.....it's mined.
And, if it's grown, it's done with equipment made from materials that were mined......just like everything else.
But.....I'm sure he thinks it's better, safer, and environmentally friendly, to mine cobalt (for the batteries in his laptop & power tools) with slave labor in the Congo.
Fuck those guys in Idaho working on a cobalt mine start up.
Or PGM's, primarily used for catalytic purifiers, so he can he can suck on the tailpipe of his Prius without his heart stopping..... Better to get that from THE RUSSIANS at Norilsk.
Fuck that PGM mine in Montana.
I could go on....but why bother......
LOL he says from a device, in a building, over a network all made possible by mined materials.
Fuck mining? If you really believe that you can move out into the woods/jungle and live primitively.
But you won't....we know why
Next to whoorin', logging, farming and soldiering it is arguably one of the very very oldest. And absolutely a major chunk of the foundation of modern life.
You want 1st world living? You want technological advancement? Modern Medicine??? Then there is no retiring mining....not even remotely close.
Almost everything you own, use on a daily basis and facilitates life outside of chasing pigs through the jungle and living in mud/grass huts to the ripe old age of 28.... started with mined materials. The rest came from a logging camp or an oil field, you probably want to retire those too and send humanity back to the stone age don't you??
HisArpy
Loose canon extraordinair
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My prediction: The moon will circumnavigate the Earth. As it does, the seas will rise. And then fall. And rise. Then fall. And rise. Then fall. And rise again. Then fall again. And rise again. Then fall again. And rise and then fall yet again. And rise and then fall yet again after that. And rise and then fall yet again after it rises and falls yet again even after it rises and falls again and again.
Kewl story bro.
But, for those of us not living inside your fantasies, what does the rising and faling sea level have to do with the DJIA?
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