Dick

Using Volatility as an Investment Tool

Your friend who averaged-down on AAPL was very lucky. Tell the story of a "friend" who bought CSCO in 2000 at $75. Then he bought more at $70, more at $60, more at $50, more at $40. Where is he now after averaging-down for seven years with the stock now at $30. He is broke and pissed-off. For every AAPL, there are many CSCO's. CSCO is a good company, but you won't live long enough to see it back at $75.
Dick

Lawsuits as an Asset Class

In the patent field, laywers have been "buying Lawsuits" for years. They buy an expired patent that has been infringed. It has no value whatsoever, except for its litigation value. Then, owning the patent, they can bring suit against the infringer.

GM Volt Takes on Electric Vehicle Competition

I hate it when I see reference to the new, great, super GM Volt electric car. This is not a car - it is not for sale - No one can but it. It is powered only by BS - Lots of BS that GM is putting out to the press every day. When GM actually makes something that runs, that it can sell, THEN it is worth giving some credit to GM, if credit is due.

China May Implode, But Broader Impact Would Be Limited

I don't agree. A China implosion would reduce Chinese demand for raw goods and manufactured goods sold by the rest of the world. The Chinese component of this worldwide demand is huge. It could cause a worldwide recession.

Dick