mr.verymuch

Why a Market Crash Doesn’t Matter

wondering what you own deep thoughts are, as opposed to all the recycled Napoleon Hill, Bill Gates, Buffett, Horatio Alger, Tony Robbins, einstein, et al sound bites?


On Nov 23 12:22 PM Chuck Carnevale wrote:

> First of all, I want to thank everyone for commenting on my article.
> My purpose was to stimulate thought; it appears it has done its job.
> For the record, I am not insensitive to the losses and the sufferings
> the past market debacle caused. Also, I recognize that the problems
> we face are real and in some cases severe. However, I also strongly
> believe that our economic system works and that our problems, as
> bad as they may seem, are solvable. It will take time, and I believe
> a can-do attitude. However, I also know that running from our problems
> will not work. We must face them with courage and apply our indomitable
> spirit.
>
> As Napoleon Hill so eloquently put it in his great book Think &
> Grow Rich: “In every adversity lies the seed of an equivalent or
> greater benefit.” As we face our challenges and stay strong, I believe
> we will look back some day and discover many benefits that were borne
> of this crisis. A more rationally priced stock market for one.<br/>
>
> Also, for the record, a main point I was attempting to make with
> this article is that forecasting the so-called stock market is impossible
> to do. Therefore, it is folly to try. Investors’ time is better
> spent analyzing businesses which can be done with a reasonable degree
> of accuracy. But most importantly, how you react to market volatility
> is of paramount importance. Implicit in this remark is my conviction
> based on massive amounts of evidence that the market often misprices
> stocks. Fundamental analysis will reveal these discrepancies and
> then appropriate buy sell decisions can be made.
>
> In closing, as Albert Einstein so aptly said: “No problem can be
> solved from the same level of consciousness that created it.” I
> for one believe it better to focus on solutions rather than problems.
> What we think about expands. It’s time to be thinking about our
> economy expanding. Fear weakens us, faith empowers us.
>
> Thanks again for all of your responses. I intend to spend the week
> counting blessings and giving thanks.
>
> Happy Thanksgiving,
> Chuck Carnevale
> P.S. For additional clarification of this article and its intent,
> check out my blog www.TheMarketsUpChuck.com

Why a Market Crash Doesn’t Matter

spot on


On Nov 22 04:47 PM Tiberius79 wrote:

> What an empty article. You start out by misrepresenting Charles Smith
> and anyone and everyone who feels like discussing the outlook for
> the US market. You then proceed to discuss a fictional world where
> certain companies operate separate to the rest of the economy. Then
> conclude by stating, 'what the stock market may or may not do really
> shouldn’t matter to the serious long-term fundamental investor.'
> There are first year Business students who have more valuable things
> to say than you.

The Intrinsic Value of Nothing, Part 1

great point, John. And i would add that only based on your description of value-in-use can object have value in exchange. The author dismisses his "bad theory" rather cavalierly. his "philosophical" premise is superficial


On Oct 27 10:58 AM John Lounsbury wrote:

> Paco - - -
>
> Good article, but I have a philosophical bone to pick.
>
> You wrote:
>
> "Nothing in this universe has intrinsic value; every single thing
> you possess, want to possess, use, can use, have used, can offer,
> have offered, or will offer is valuable only if someone else finds
> it valuable."
>
> You have defined value in terms of exchange. I would argue that is
> too narrow a definition. There are things with intrinsic value independent
> of any medium of exchange. Exchange is merely one way, but not the
> only way, to define value.
>
> I maintain that anything necessary for my existence has intrinsic
> value. Air to breathe, water to drink and food to eat have intrinsic
> value. The value has a binary measurement: either I have these things
> and exist or one is missing and I don't exist.
>
> Most economists make their definitions based on commerce. The basics
> of existence don't come into the equation, except for a few fringe
> operatives who play with things like "happiness indexes".
>
> Ultimately, all of the "commercial" definitions of value are secondary
> to the "existence" definition of value. We lose sight of that and
> many externalities result, which repetitively blow apart the best
> of economic theories. Throughout history societies and civilizations
> have failed because of resource exhaustion. They thrived on commerce
> and decayed on the basis of not sufficiently supporting existence.
>
>
> There absolutely are things with a real intrinsic value.
>
> I know this is outside the scope you intended to address, but I just
> had to have my rant.

E*Trade Shows Bullish Signals

ETFC has been trying to make a meaningful move up for a long, long time. Can't say i have a ton of faith at this point

Microsoft: Whistling in the Dark

On a different note, the mere mention of MSFT and Apple in blog post generates more - more interesting, more acerbic, more provocative - commentary than just about any other subject I know. sort of wish the healthcare debate had more of this kind of exchange

The Mac vs. PC Debate Was Never Clearer

completely silly. i use a high-end wireless logitech laser mouse with my imac every day. your caricature of a current mac as a glitzy toy is foolish


On Jul 25 01:44 AM Albert Ling wrote:

> Apple charges for:
> 1) brand
> 2) image
> 3) design
> 4) simplicity of use
> 5) aesthetics
> 6) trendyness
>
> Apple was never about hardcore gaming, compatibility, opensourceness,
> raw power, tweakability, price/performance, etc.
>
> So I'd recomend Apple for my rich grandmother who never used a computer
> before, or for my trendy clothing store to use at the cashier.. and
> a non-apple computers for everyone else
>
> My mouse has 11 buttons and I use all of them. My mother's iMac has
> a one-button mouse. If I wanna play any of my games at her PC i'd
> have to download a patch or stuff like that.
>
> Easy choice

The Mac vs. PC Debate Was Never Clearer

After many years using PCs I switched back to Macintosh, and have never looked back. The Mac OS doesn't crash, is more inviting and pleasing to use, the machine doesn't require bloated anti-virus software, and there's virtually nothing I want to do from either business or personal standpoints that I can't do just as well (better) on the Mac. Yes, I paid a price premium. I'm more than happy with the value for my dollar.

A Sad Day for Newspapers

the "media bias" charge has been marketed to death by the political Right. Puhleeeze. No one is pure. This is a stick conservatives beat liberals with, nothing more

A Sad Day for Newspapers

adaptation to a shifting paradigm is the problem. As far as I can see the NY Times has done it. I go to their website daily, and am delighted by the content. I hope they can make online biz model work, cuz I want them to stay around. It is definitely a game now of big brands. NYT can get the readers online; Rocky Mtn Times, no.

MacWorld to Follow Floppy Disk Into Extinction

we hope

Auto Industry Rescue Delays the Inevitable

GM, et al, the black sheep of american capitalism. simply unable to produce decent products, and just as incapable of real change. waste of time, waste of money

Chip Stocks Deteriorating Fast - FBR

Nvidia??

The Great Consumer Crash of 2009

please forward to Barack Obama, post haste

Things Aren't as Bad as They Seem - Barron's

who has any fr**kin money left to spend?? everyone's taken a major hosing

Will We Know When We've Made a Low?

"We really only know when we've made a low when we're able to assess subsequent buying interest after price and momentum lows have been made. That often means missing exact price lows, but it also avoids the discomfort of catching those proverbial falling knives..."

doesn't that simply mean "someone will find the low. Just not you."?