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  • Great Canadian Gaming: Wide Moat, Cheap Price [View article]
    Is this another brilliant idea like your Orsus Xelent (ORSX) idea that I exposed? How did that turn out for investors? Is there someone that pays you to pump these stocks like Orsus Xelent?
    Aug 1, 2013. 06:33 AM | Likes Like |Link to Comment
  • JPM Poised To Profit Massively From Higher Interest Rates [View article]
    Again, that is not true. Asset sensitive banks generally make more money when interest rates rise. Many banks do an interest rate sensitivity analysis that shows you projected losses or gains when interest rates rise or drop. Asset sensitive banks, with compacted net interest margins, are making much less than they would if interest rates rise, resulting in a much larger net interest rate margins.
    Furthermore, the amount of lending has much more to do with sentiment, than interest rate levels, as human beings are much more driven by their view of the future being positive or negative than they are the amount of interest they are charged. Loan volumes are actually pretty low, in my opinion, despite the low interest rates. If people get a more positive view of the future, they will likely increase loan volumes, even with higher interest rates.
    Aug 1, 2013. 01:27 AM | Likes Like |Link to Comment
  • JPMorgan Chase Not Out Of The Woods Yet [View article]
    Your thesis is incorrect as you started with a false premise, i.e. JP Morgan was never in the woods to begin with.
    Aug 1, 2013. 01:24 AM | Likes Like |Link to Comment
  • Jamie Dimon Needs A Boss [View article]
    Jamie Dimon is, and should be, the boss. The evidence is already in, he is a great Chairman, and a great CEO. Who is better than Jamie Dimon, so that they can be his boss? I will answer this rhetorical question - no one. Jamie Dimon is the best banker that ever lived, and I don't want him having to answer to some inferior banker. He does answer to the board of directors, which is only fine with me if it is fine with him.
    I don't want Warren Buffett having a boss either, by the way.
    In fact, I don't want to have a boss, myself.
    All three of us, and our companies, perform best this way, in my opinion. Lol!
    Aug 1, 2013. 01:23 AM | Likes Like |Link to Comment
  • JPM Poised To Profit Massively From Higher Interest Rates [View article]
    Sanjay:

    that is not necessarily true. you are expressing one of the many falsehoods taught in an introductory economics course. There are many situation where the price goes up and the volume sold goes up. Can you name any?
    Aug 1, 2013. 12:55 AM | Likes Like |Link to Comment
  • How To Protect Your Wealth From Inflation [View article]
    Better yet, buy the best companies, particularly the ones with pricing power, when they are selling for substantially less than they are worth, and you can do much better than the s&p500, like Buffett and many, many other value investors have.
    Jun 27, 2013. 09:32 AM | Likes Like |Link to Comment
  • The Real Secret Of Warren Buffett's Performance [View article]
    Okay, I will bet you $10,000, or more if you wish, that Buffett beats your index over the next five years.
    Jun 27, 2013. 09:21 AM | Likes Like |Link to Comment
  • How To Become A Millionaire Without Really Trying [View article]
    Or, you could end up eith over $100 million, instead of 2 million, using no leverage by being a value investor like Buffett and averaging 20% returns a year. That sounds much better to me.
    Jun 27, 2013. 09:20 AM | Likes Like |Link to Comment
  • New Oriental Education & Technology Group Is Showing Bearish Signs [View article]
    As of May 31, 2012, they had 17,600 teachers in 49 cities, and had hired 5800 teachers that year. This is for a private education company whose students get no government aid and that claims to make substantial profit run by a "famous" English teacher, Michael Yu, who is the supposed founder and Chairman of the Board, who does not speak English well, lives in Canada, and does not make much sense when he talks, and own NO stock at all int he company. The president, Louis Hseigh, is a harvard mba who lives in Beverly Hills and has been associated with several prior companies suspected of dubious accounting.
    If you believe the EDU story, I have some land in the desert to sell you. My bet is that EDU is a fraction of the size they claim and are likely breaking even at best.
    Short at your own risk as this company's story is supported by large U.S. investment banks and its analysts, as well as the Chinese government.
    On a side topic, fascinating to me the people that don't worry about the government surveillance program on everyone's e-mails, phone calls and records, etc. If I landed in a country and wanted to find where the most crime was taking place, I would immediately visit the governmental entities as odds are that is where the most crime is occurring.
    Jun 13, 2013. 09:47 AM | Likes Like |Link to Comment
  • Orient Paper: A Safe Play For Investors Once Again [View article]
    ONP was never a safe play, and it is definitely not a safe play again.
    Apr 24, 2013. 01:33 PM | 1 Like Like |Link to Comment
  • Orient Paper: A Safe Play For Investors Once Again [View article]
    stever10:

    Yes, ONP has been vetted and found by numerous people, including their own words, to be found guilty of fraud. The real question is why are you promoting this fraudulent company?
    Apr 24, 2013. 01:32 PM | 1 Like Like |Link to Comment
  • Locating The Mid Cap Sweet Spot - And Understanding Why It Works [View article]
    Kurt:

    Does YONG fall into that midcap sweetspot? How is your big investment in YONG doing? The stock is now at $5/sh and halted from trading.
    Apr 19, 2013. 01:10 PM | Likes Like |Link to Comment
  • Why The Market Is Missing The Point On Ambow Education, A Strong Buy [View article]
    AMBOW halted now.
    Apr 19, 2013. 01:10 PM | Likes Like |Link to Comment
  • Zynga After The U.K. Gambling Sites' Release [View article]
    That is my point - how is it cheap if it loses money and has a negative book value.
    Second point - investing is the way to make money. Trading is a loser's game.
    High risk, high return is an incorrect statement because you left out the other half - high risk, high losses. Anyone who keeps taking high risks inevitably end of with high losses. So, the more accurate saying is high risk, high losses.
    Buffett's strategy is low risk, high return. Now there is a formula I can live with. Lol!
    Apr 19, 2013. 01:10 PM | 1 Like Like |Link to Comment
  • Deceived By Correlations: A Quant Conundrum [View article]
    I think the resolution is to stop utilizing correlation as a basis for diversification.
    Investors have two good options. The first option is t invest in companies that are substantially undervalued. However, one may not have the time, or be able to find a professional investor charging reasonable fees to do that for them.o
    The second option is to just put the money in an index fund, like the S&P 500, that charges very low fees.
    Harry Markowitz may have won a noble prize for his theories that utlize correlations for a diversified, but he knows little to nothing about investing and admittedly is not a professional investor. His theories are not a good basis to use for investing, which explains in part why so many professional investors get such poor results.
    I am not a believer in divesification, except as a protection from ignorance, and, if that is the case, one might as well go with an index fund based on the S&P 500.
    Apr 18, 2013. 12:27 PM | Likes Like |Link to Comment
COMMENTS STATS
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