I learned a single lesson in 1987 and have not yet figured out that there may be derivative lessons to be learned.
I also know that almost every investment in technology that I've made has gone in the wrong direction. So I have learned that, I just refuse to act on what I've learned.
Big difference.
Funny you mention the furniture refinishing. I had actually done that for several years, but then when huffing the fumes wasn't getting it done, I started drinking the solvents and lacquers, resulting in my dismissal and new career touting failed investments.
The question of whether such moves are legal has never been on the table.
But is there a higher standard. If a corporation wants to be accorded the rights of being a human in the eyes of the law, perhaps our own expectations for corporate behavior should be raised to encompass a sense of community, fairness and super-ego
I've written some past articles that have been critical of the seeming pedestal that Apple enjoyed. That immunity from criticism has faded, but the emotions regarding its inviolate position in American life is still fascinating.
No doubt that for some, perhaps many, the emotional component let cashing in at $700 slip away. And then $600. $500. And so on.
Yes, but I don't really care about how it may have been portrayed by others, or your interpretation of how it may have been portrayed by others. I portrayed the Supreme Court decision in an historically accurate manner in addition to the narrow way in which the decision was applied.
Yet you used your comment in a completely misleading fashion, suggesting that I was perpetuating what you believe to be a misrepresentation by "modern, liberal media."
What's More Frightening Than A Fiscal Cliff? [View article]
Other than insider information is there anything related to stock picking that isn't?
Show me a single thesis expounded by well compensated analysts and you can easily find precisely the opposite thesis by an equally well compensated and qualified individual, despite the fact that they have the same data available to them.
The challenge becomes how to manage your positions once you've committed to the guess. In that case, observation of price patterns and movements helps to shift the odds a bit from 50:50. A casino can do very well with slim margins as can a grocery store. Why not an investor, too?
The SCOTUS interpretation and its application was indeed new. The distinction between corporate entities and people, with regard to certain rights, privileges and obligations had not previously been argued within the context of campaign financing restrictions.
James Altucher: Why The Stock Market Is A Sucker's Game Right Now (And What Stocks I Own) [View article]
"Not sure how you think anyone makes money off of books they give away for free."
Can't tell if that is rhetorical, I think Seeking Alpha removed the rhetortalics font, but I think the answer to that is the next law of basic economics:
Volume
I liked your comment about the "smart money." Presumably it's only the smart money that has the wherewithal to move markets, but they seem fairly bipolar in the manner they exercise their intelligence. The daily whipsaws in the absence of meaningful news can only be a product of great intelligence seeking to create advantage against others with great intelligence by relying on intuition and subjective interpretation of events, rather than data.
While the "smart money" battles it out, the rest of us can sit back and marvel at how wonderful it can be to simply be "average." and to have "Amateur hour" all to ourselves.
After all, who cares if you use a square little bus to transport your deposits to the bank?
That's right. It shall not and it does not double dip.
Various foreign entities exact various corporate tax rates. The US cumulative corporate tax rate takes into consideration that which has been paid to a foreign entity once overseas funds are repatriated.
No, it's just that there will be so much pressure for another new product home run that the expected good sales and new markets have already been discounted.
The idea of tax selling is an annual thesis, perhaps more heightened now because of the unknowns in the upcoming tax code, but typically those theses aren't borne out in reality.
In fact, the counter argument is that those having purchased Apple shares in the 600-700 range are holding off to sell until after the new year, in the chance that the capital loss rate will be higher, as well.
Believe it or not, there are people sitting on paper losses from Apple
I often like to say that it's futile trying to apply a rationale thought process to try and understand something that itself is irrational.
I was of the opinion that there was absolutely no reason for the market to have had an unchecked upward climb. I wasn't necessarily arguing against the market going higher, just the manner in which it did. It did so without even a momentary pause. It did precisely the same during the first three months of this year.
As a covered option writer, especially selling calls, I'm not entirely thrilled when movement is in a single direction. During that period of time when so many were decrying this market, calling it the "least respected rally," I found myself agreeing with the crowd.
That's always a bad sign. I'm not certain why I didn't do as usual and think differently from the chorus.
Suddenly, however, the chorus seems to be changing its tune and I am getting truly bullish for the first time in 2012 (we'll see how long that lasts).
Like you, I revel in income derived from stocks, but I do so more with option related income. I don't care very much either about the bipolarity of the market, as long as it exhibits both sides on an regularly alternating basis.
As far as government and the economy goes, the relationship between governmental action and outcome is so displaced in time that our minds are incapable of truly assigning blame or credit. I've often wondered how ancient mad came to understand what actions were prerequisite for child birth, given the 9 months time lapse between an action and an outcome.
Bill Clinton is typically lauded as having been a good shepherd of the economy, but near the end of his final term the seeds were planted that came to roost under George Bush's first term, just as the last year of his term adversely impacted Obama. It's such a slow process and it takes so long to recognize real change that we forget what was responsible for the change.
Of Obama wins a second term, I have no doubt that he will be considered a genius in a year or so, with regard to rescuing the economy. If Romney wins, he too would be considered a genius as he would be the one to benefit from the very slow moving tide that at some point will make itself felt.
James Altucher: Why The Stock Market Is A Sucker's Game Right Now (And What Stocks I Own) [View article]
Found a nice home at Seeking Alpha, which has been a great source of readers and (paying) subscribers, which I thought was a good thing, until I read that comment that makes it all sound so dirty.
Am I dirty, James? You would tell me, wouldn't you? Am I dirty (that would include other negative attributes, such as being a liar or sleazy)?
What A Difference A Day Makes [View article]
I learned a single lesson in 1987 and have not yet figured out that there may be derivative lessons to be learned.
I also know that almost every investment in technology that I've made has gone in the wrong direction. So I have learned that, I just refuse to act on what I've learned.
Big difference.
Funny you mention the furniture refinishing. I had actually done that for several years, but then when huffing the fumes wasn't getting it done, I started drinking the solvents and lacquers, resulting in my dismissal and new career touting failed investments.
Shame On You, Apple [View article]
But is there a higher standard. If a corporation wants to be accorded the rights of being a human in the eyes of the law, perhaps our own expectations for corporate behavior should be raised to encompass a sense of community, fairness and super-ego
Shame On You, Apple [View article]
No doubt that for some, perhaps many, the emotional component let cashing in at $700 slip away. And then $600. $500. And so on.
Shame On You, Apple [View article]
Yet you used your comment in a completely misleading fashion, suggesting that I was perpetuating what you believe to be a misrepresentation by "modern, liberal media."
In fact, the misrepresentation was yours alone.
What's More Frightening Than A Fiscal Cliff? [View article]
Show me a single thesis expounded by well compensated analysts and you can easily find precisely the opposite thesis by an equally well compensated and qualified individual, despite the fact that they have the same data available to them.
The challenge becomes how to manage your positions once you've committed to the guess. In that case, observation of price patterns and movements helps to shift the odds a bit from 50:50. A casino can do very well with slim margins as can a grocery store. Why not an investor, too?
Shame On You, Apple [View article]
James Altucher: Why The Stock Market Is A Sucker's Game Right Now (And What Stocks I Own) [View article]
Can't tell if that is rhetorical, I think Seeking Alpha removed the rhetortalics font, but I think the answer to that is the next law of basic economics:
Volume
I liked your comment about the "smart money." Presumably it's only the smart money that has the wherewithal to move markets, but they seem fairly bipolar in the manner they exercise their intelligence. The daily whipsaws in the absence of meaningful news can only be a product of great intelligence seeking to create advantage against others with great intelligence by relying on intuition and subjective interpretation of events, rather than data.
While the "smart money" battles it out, the rest of us can sit back and marvel at how wonderful it can be to simply be "average." and to have "Amateur hour" all to ourselves.
After all, who cares if you use a square little bus to transport your deposits to the bank?
Shame On You, Apple [View article]
Various foreign entities exact various corporate tax rates. The US cumulative corporate tax rate takes into consideration that which has been paid to a foreign entity once overseas funds are repatriated.
Apple Shares Are A Screaming 'Bye' [View article]
Apple Shares Are A Screaming 'Bye' [View article]
The idea of tax selling is an annual thesis, perhaps more heightened now because of the unknowns in the upcoming tax code, but typically those theses aren't borne out in reality.
In fact, the counter argument is that those having purchased Apple shares in the 600-700 range are holding off to sell until after the new year, in the chance that the capital loss rate will be higher, as well.
Believe it or not, there are people sitting on paper losses from Apple
I Don't Understand Dividends [View article]
A Reason To Smile [View article]
I was of the opinion that there was absolutely no reason for the market to have had an unchecked upward climb. I wasn't necessarily arguing against the market going higher, just the manner in which it did. It did so without even a momentary pause. It did precisely the same during the first three months of this year.
As a covered option writer, especially selling calls, I'm not entirely thrilled when movement is in a single direction. During that period of time when so many were decrying this market, calling it the "least respected rally," I found myself agreeing with the crowd.
That's always a bad sign. I'm not certain why I didn't do as usual and think differently from the chorus.
Suddenly, however, the chorus seems to be changing its tune and I am getting truly bullish for the first time in 2012 (we'll see how long that lasts).
Like you, I revel in income derived from stocks, but I do so more with option related income. I don't care very much either about the bipolarity of the market, as long as it exhibits both sides on an regularly alternating basis.
As far as government and the economy goes, the relationship between governmental action and outcome is so displaced in time that our minds are incapable of truly assigning blame or credit. I've often wondered how ancient mad came to understand what actions were prerequisite for child birth, given the 9 months time lapse between an action and an outcome.
Bill Clinton is typically lauded as having been a good shepherd of the economy, but near the end of his final term the seeds were planted that came to roost under George Bush's first term, just as the last year of his term adversely impacted Obama. It's such a slow process and it takes so long to recognize real change that we forget what was responsible for the change.
Of Obama wins a second term, I have no doubt that he will be considered a genius in a year or so, with regard to rescuing the economy. If Romney wins, he too would be considered a genius as he would be the one to benefit from the very slow moving tide that at some point will make itself felt.
Fundamental Or Technical? [View article]
Zuckville [View article]
Good luck on trades.
James Altucher: Why The Stock Market Is A Sucker's Game Right Now (And What Stocks I Own) [View article]
Am I dirty, James? You would tell me, wouldn't you? Am I dirty (that would include other negative attributes, such as being a liar or sleazy)?