| To: jim black who wrote (2560) | 3/24/2001 2:21:53 AM | | From: TobagoJack | | | | Hi Jim,
I really did not expect the "up yours personal" and "IQ" kind of talk on these threads...
Message 15556150
Thanks for the FBI check, but I do not know that I qualify for that 172 sighted by you. If I do, it would only be because the ORCL database is somehow faulty. This post ...
Message 15557840
... encapsulates the entire exchange with MeDroogies, from my point of view. It should not be used as a loaded weapon but can be helpful as part and parcel attachment to put his future postings in context. He wouldn't like that.
But then he would probably argue that weapons do not kill, people kill.
Chugs, Jay |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (2) |
|
| To: TobagoJack who wrote (2584) | 3/24/2001 6:20:45 AM | | From: Follies | | | | ENOUGH ALREADY!!!!
I have a legitimate question.
The personal savings rate has fallen off a cliff in charts i have seen.
Isn't this calculated as earned income minus spending?
So if I spend all my earned income, sell a stock for a 200% gain and put this in a T-Bill, my savings rate is zero.
Is this a realistic way to calculate savings? |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (2) |
|
| To: TobagoJack who wrote (2575) | 3/24/2001 8:31:08 AM | | From: JHP | | | | Jay your absolutly top notch!
Always a pleasure to read.
and roflmao
>>I suppose I could have brought up my equally inappropriate disclosure (as far as market outlook is concerned) about my Creole heritage and all that it implies about my physical dimensions, and my Chinese heritage, and all that it implies about my acrobatic abilities. But I do not. No, the bit about IQ was uncalled for, and if I had known my IQ, I might have felt personally hurt.<<
regards
john |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: Follies who wrote (2585) | 3/24/2001 10:15:46 AM | | From: KyrosL | | | | | It's even worse than that, since taxes paid are subtracted from earned income in computing savings. So, your savings rate is negative, according to the government. |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: TobagoJack who wrote (2584) | 3/24/2001 10:37:53 AM | | From: jim black | | | | Good evening, Jay...what a strong chi you bring to the thread. I jumped in with the refernce to IQ and FBI becasue I thought he was being nasty and you were simply being your witty analytical rapier self...I grin that
someone, actually anyone, took my rematrks about his IQ seriously... He wouldn't even respond to me with an insulting PM. I admit he's now getting to be fun for me. He has his points as you have indicated
but when he gets nasty or petulant or appears to throw tantrums then he is fair game for anyone
at any turn. Enjoy your weekend, friendly spirit, grinning with me that anyone would even for a second think
I'd know or have access to FBI or NSA files, much less care enough to look.
Chugs&chugs&chugs to ya,
jim black |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: TobagoJack who wrote (2580) | 3/24/2001 12:04:08 PM | | From: Stock Farmer | | | | Hi Jay - well, I see you can be prolific when stimulated... LOL.
I might enjoy to meet you on the plain of battle in a tournament of the mind, real or unreal.
Take that as a compliment rather than a challenge please. My enjoyment expected to come in the form of education, also known as experience, more closely associated with defeat.
I would far rather have the pleasure of buying you a drink on some small island somewhere... Absent contest, perhaps a great laugh for us both.
Pleased that you and maybe a few others find time to giggle at the imagery - that is, of course, the intent.
Your recommended reading prudentbear.com is indeed worth the while. . Possibly a little long for the bovine mind, trained as it is to flick through sound bites while fattening for the slaughter... but instructive for those who have the patience.
Yes, "drivel" was perhaps an unfortunate choice of words. Particularly as it slices direct to intelligence. Note however that unintelligent slobbering idiots like myself can only look forward to one day being elevated to the status of "driveler".
Until then,
Cheers,
John. |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| To: bambs who wrote (2590) | 3/24/2001 10:16:38 PM | | From: Stock Farmer | | | | No, haven't really followed prudentbear that much.
I think I outlined the process of my education earlier.
Like yourself was once v. long tech. The finger of an insider on the pulse of the industry... it was a no-brainer. Not just CSCO. The whole tech party.
But like in my university days, I preferred to leave a street party before the cops showed up.
Lurked deep. Posted once I decided to run counter-current, and on CSCO thread because it was icon of tech. I was not kidding about sociological radar.
If you recall, my conversion from BSI infected bullish to rabid bearish was a full participation in the March 2000 correction. Thank goodness the funds got caught too and allowed me to exit intact on the "optical" bounce.
You, me, monty, chic, SO (now NYCB), etc... we all have scars from the denial-horns of the CSCO bulls. So there's a gloat factor influencing the bias.
But you are right, the radar isn't necessary any more. Not with pictures and statues of bears everywhere. Maybe it's time to run silent & deep again. But there is much fun to be had still. This isn't over. But you can probably sense the recent change? New phase has begun. A lull before storm.
One thing I am not is permanent in stance. Looking forward to seeing you in Pamplona again. Only it may be a while.
John. |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last Read |
|
| To: Stock Farmer who wrote (2577) | 3/24/2001 10:18:52 PM | | From: MeDroogies | | | | I'm not a rough player.
I never was, although I get provoked easily...probably due to an "second son" situation. My brother constantly baiting me and needing to overcome his "golden boy" image. Consequently, I learned to stop worrying about issues of who's better than who, who knows more about what, or even what other people thought about me. I learned to focus on myself and meeting the needs I considered most important:
1. providing for myself and mine
2. making sure I am well provided for in the future
3. never worrying if things don't work out just the way I like because a lost opportunity doesn't mean another won't come along.
Anyway, I find most of the calls for recession, crises and collapse a little on the extreme side, much as the calls for the new economy were on the extreme side. I've been a moderate about the whole thing. I never chided the bears during the run up (unless they got overly personal and issued their dire warnings in a rude and unwarranted manner), and I especially dislike the ones who show up just to gloat as other stocks decline.
Investing is a win-win game. I detested the dot-com millionaires because they didn't believe that. The ones who cashed out, I say congrats to because I'd have done the same thing. Problem is, I'd never do what they did, which was sell snake oil.
ORCL is the farthest thing from snake oil. And I never claimed LE did anything there that was noble...I didn't even claim that his motives for selling were noble. I simply said that selling isn't necessarily an indicator of anything, and gave examples of what would be likely scenarios (and, based on Occam's Razor I consider to be more reasonable) for selling: primarily overweighting. When I sold my insider shares from my IPO and again when I sold most (not all) of my ORCL stock, it was due to overweighting. Truth be told, I wanted to hold ORCL for more gains, but it was too much overbalance. I couldn't bear to break a few of my rules just for greed. I'd done that once, and paid dearly for it (CNXT). I don't believe in holding to remain humble...but I do just this one stock. Really for 2 reasons, though. It's a good company and while it may not again achieve its lofty heights, I can still make money back on it, so I keep it around.
All my others, I'm playing with house money (which Jay says doesn't exist). I say it does, because I'm playing with it now.
My triple, fortunately for me, is real. I don't know if it was luck or good practice. But, my triple doesn't make me feel good because I have too many friends who got hammered. My anger is geared not at them for being too stubborn to take something off the table, but at the same prognosticators who now scream that recession is imminent, but only 4-6 months ago were still telling people everything was fine (there were quite a few of these). I find them abhorrent and they anger me because they feed the fear as much as they fed the frenzy.
I have no delusions of grandeur, of getting rich. Nor do I necessarily want to be. If it happens, great. But I've learned one really valuable lesson over the last 6 months. That is, F. Scott Fitzgerald was right, and the rich are different. I really believe we all have equal opportunities in this life, if we are willing to make those opportunities. In the case of wealthy people, however, they are more often than not GIVEN opportunities. I know that I can never get a 10% return on a CD, yet I know several very wealthy people who do because of the size of the amounts they placed in the CD. I actually had one person (quite naively...I live in a wealthy town, and I'm sure they felt we were in the same socioeconomic realm) act surprised at my inability to gain access to certain managed fund accounts or fixed return vehicles. It isn't easy to tell your son's best friend's parent that you don't have $500k to put in an account to get started when they think everyone seems to have that kind of cash....but I am sure it was just ignorance on their part, and I don't feel bad about it...nor am I angry with them. It's just the way it is.
So, have I lost money during the bubble bursting? No. Have I lost value? Sure. But I don't worry about it. As I said elsewhere, I learned that it's not worth worrying about things you can't control. I can't control the market...so I don't really worry about it alot.
Right now, I'm more concerned about finishing my basement, getting my lawn set up, and preparing for my vacation to really let the market get me down...or anything anyone could post. |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (4) |
|
| To: Cogito Ergo Sum who wrote (2579) | 3/24/2001 10:24:32 PM | | From: MeDroogies | | | | I never said there was honor in it. Business isn't necessarily honorable. In fact, it's more often a dirty business. But promotions are part of the game, and if you're not as good as the next guy, you'll lose out. I'm sure Jobs wishes today he'd played the promotions game as well as Gates did. Then we'd likely be working with computers that were considerably more stable.
By the way, LE has gone out of his way, even during ORCL's run up, to chide the bubble stocks. His belief, well documented, is why should his company carry a multiple less than that of a company that is new and has no prospect of earning anything (effectively infinite). He never liked the dotcoms, as anxious as he was to take their money....but that's business.
He's been published several times stating items to that effect. LE has a tremendous ego that is insufferable, but he also has an astoundingly funny and ironic sense of humor. If you've seen him speak, you can appreciat what I'm referring to. |
| | Booms, Busts, and Recoveries | Stock Discussion ForumsShare | RecommendKeepReplyMark as Last ReadRead Replies (1) |
|
| |
