Talk of The Villages Florida - Rentals, Entertainment & More
Talk of The Villages Florida - Rentals, Entertainment & More
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This is an interesting thread. A lot of people talk like they know something about stocks and there comments point out that they really don’t. Comments about jack welsch and about apple stock are bogus.
There are many people that deserve making $350M a year and a hell of a lot more if THEIR company is doing well. You want to compare apple against let’s say Tesla, people buy Tesla because of emotion (stupid) and people buy apple because of innovation and earnings. When a CEO make millions a year and millions when they leave a failing company, blame the board, not the ceo. Have you heard of Golden parachute before for top management? Who initiates this? The board. As for stocks, if you invest right, you shouldn’t look at your earnings on a frequent basis because many people make emotional rash decisions depending on a few days/few weeks. I’ll bet that the people who held on to ge during its downturn thought it will come back, they were greedy (pigs get slaughtered in the market). Take the emotion out of investing: put in trailing stop loss orders. |
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My lucky buy was a few shares of Berkshire Hathaway in the mid to late 1980s at about $3,000/share, now BRK-A shares, way before B shares were issued. Berkshire comprises about a third of my portfolio. Apple is now Berkshire's largest holding. Ironically I bought Apple for the first time ever a few years ago, not long before it split. I wish I had bought more! lol My father was trading the "nifty fifty" back in the day. I remember him calling his broker from the our home early in the morning in NM, two hours behind east coast time. The first stock I ever bought was Colt Industries. I held it for a only short while. Stocks were never of great interest to me and I got into real estate investing, on the side buying various securities over time but not in sizable quantities as a way to park some of my cash reserves. My greatest goof was getting caught up in what amounted to fraud, commodity options. Goldstein, Samuelson, Inc - Wikipedia. I briefly traded commodities and broke even on it all but found it was too stressful.
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"No one is more hated than he who speaks the truth." Plato “To argue with a person who has renounced the use of reason is like administering medicine to the dead.” Thomas Paine Last edited by manaboutown; 09-04-2021 at 06:04 PM. |
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Sometimes I watch Consuelo Mack's WealthTrack, her weekly half-hour show on PBS. She is a business journalist who gets some interesting interviews.
I don't watch it every week. I record it and then check the topic to see if I want to watch it. In early July she interviewed Jeremy Grantham who thinks we are in a bubble of epic proportions and explains why he thinks that. A couple of weeks ago, she interviewed Jason Zweig who writes a column for the WSJ with the same title as the book The Intelligent Investor written by Benjamin Graham, who is said to be the father of value investing. Zweig talks about Graham's influence. This week's show is about emerging markets -- about which I know nothing and probably won't watch it. Last week was about shareholders who choose individual stocks to buy and hold. I like her show because it covers one topic, each show, half an hour, just a snapshot, nothing esoteric, nobody yells. It's a short show that gives the viewers a little something to think about. If WealthTrack sounds interesting, you can go to wealthtrack.com or Google Consuelo Mack. You can find a list of past episodes and if any grab your attention, you can watch them on YouTube. Just a thought. Boomer |
#23
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On the Topic of T
. . .
Dear Moderator, as a housekeeping, tidying-up chore, please delete this entire space where I deleted my post. I tried reporting myself to ask that this be done, but I guess it has not been picked up yet. Thanks. Last edited by Boomer; 09-06-2021 at 09:41 AM. |
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