Seeking Alpha

Retired and loving it

Retired and loving it
Send Message
View as an RSS Feed
View Retired and loving it's Comments BY TICKER:
Latest  |  Highest rated
  • Glaxo plan to return $6B to shareholders may not happen [View news story]
    Very sensible. Anyone who supports buybacks over dividends has a very ulterior motive.
    May 1, 2015. 10:22 AM | 4 Likes Like |Link to Comment
  • Tsipras expects bailout deal to happen by May 9 [View news story]
    Can we please stop reporting on Greece. Everyone is ready for them to leave the Euro. Let's just get on with it. Greece needs to do what they have always done: Default on their debt, devalue their currency by 75% and start the cycle over again. It is their way. Resistance is futile. Those who buy Greek debt should know better. The Greeks are not going to change any more than the Italians, Spanish or Portugese will.
    Apr 28, 2015. 08:26 AM | Likes Like |Link to Comment
  • Shell now viewed as unavailable as BP white knight, prompting warning [View news story]
    Royal Dutch could not possibly have been in the least interested in BP. They just spent $70 billion buying BG. The only entity big enough to take BP is Exxon and that would be a very favourable outcome for everyone. BP is in trouble in the U.S. which ironically is where most of BP's assets are located. Exxon could fix the U.S. problem. There is no downside from Exxon taking over BP. The UK government's position is absurd.
    Apr 27, 2015. 01:45 PM | 3 Likes Like |Link to Comment
  • CIBC most-exposed to slowing domestic economy [View news story]
    Domestic risk or foreign risk. Is there really any difference?
    Apr 22, 2015. 09:17 AM | Likes Like |Link to Comment
  • Giant Canadian pension plan takes issue with CIBC [View news story]
    As a matter of course all shareholders should vote against all executive compensation packages. They are egregiously over generous. 99.9999% of all senior banking staff are worth at most $150,000 a year. CEO's of banks are more than just useless they are dangerous to both shareholders and taxpayers. There isn't one bank CEO on the planet that has made one good decision in the last 50 years. If a bank CEO says something is good the opposite would be better.
    Apr 20, 2015. 05:36 PM | Likes Like |Link to Comment
  • Giant Canadian pension plan takes issue with CIBC [View news story]
    Neither the former CEO and COO are worth a pinch of dog flop.
    Apr 20, 2015. 10:04 AM | Likes Like |Link to Comment
  • Wall Street Breakfast: Shell Agrees To Buy BG Group For $69.6B [View article]
    Maybe Exxon will now step up and take out BP. It would be a very smart move on the part of Exxon.
    Apr 8, 2015. 08:15 AM | 7 Likes Like |Link to Comment
  • Wall Street Breakfast: Shell Agrees To Buy BG Group For $69.6B [View article]
    And I wonder where they think they are going to smelt the gold? These crooks are not going to be hard to catch.
    Apr 8, 2015. 08:14 AM | 2 Likes Like |Link to Comment
  • The Future Of Seeking Alpha, From One Contributor's Perspective [View article]
    I am sure there will be author's who will gather a following and many of these authors will make a decent living charging fees. The truth however is that most of their subscribers will be paying with the expectation that they have now found a way to make money with no risk. Eventually however these subscribers will learn that this is a myth. The truth is that whether you pay or not pay for investment advice the fact is that no one can beat the market. No one has predictive power.

    All that anyone can hope for is to start their investing career when the markets are near a low and with that as a start they can then hope they don't blow it by getting overly enthused as the mania starts. And how many will achieve this? Not many.
    Apr 3, 2015. 10:13 AM | 2 Likes Like |Link to Comment
  • Oil heads lower as Iran talks extend past deadline [View news story]
    Why all the worry about increased oil production. Does anyone really believe they are not producing at maximum capacity now?
    Apr 1, 2015. 10:00 AM | 1 Like Like |Link to Comment
  • Russia faces '5 more years of stagnation' [View news story]
    1.5% growth. A one year decline of 25% is more likely. After that maybe 1.5% p.a. growth. Russia won't get back to 2007 GDP for another couple of decades.
    Apr 1, 2015. 09:58 AM | 2 Likes Like |Link to Comment
  • India turns down BP's request to market jet fuel [View news story]
    India once again snatches defeat from the jaws of victory. And yet people continue to believe that India is the next new thing....the reality is it is same old same old.

    The history of currency devaluation will be ongoing.
    Mar 30, 2015. 09:43 AM | 3 Likes Like |Link to Comment
  • The Future Of Seeking Alpha, From One Contributor's Perspective [View article]
    Quite so. I think it is a fact that if anything on SA was truly worth something it would not be on SA. That said pretty much anything you will read about investments is of no value. Professional advice is also pretty much worthless.

    Having spent nearly 40 years in the investment business 99% of all investors would be best served by buying a very low fee index fund.
    Mar 25, 2015. 12:48 PM | 45 Likes Like |Link to Comment
  • The Active Passive Debate Evolves By Necessity [View article]
    The 60:40 has been an ineffective strategy for at least five years. And Cullen Roche has indeed got it right. Beating a benchmark provides no comfort if the return achieved leaves you short of money.
    Mar 24, 2015. 10:37 AM | 1 Like Like |Link to Comment
  • Greece's Real Problem [View article]
    It is a truism that poor competitive position ultimately leads to massive fiscal deficits and unmanageable debt levels. The reason is simple: governments step in to replace lost income when private sector employments collapse.

    The longer term solution is to improve the competitive position. The problem however is that policies to improve the competitive position are not easily implemented (lower business taxes, reduced government involvement in the economy, lower wages etc). Almost every country on the planet chooses the easy solution of simply lowering the currency. The problem with this however is that it encourages business as usual. Reform is usually forgotten and nothing changes.

    Greece probably cannot be saved. But letting them go on their own raises significant security risks. Greece will become the playground for terrorists if they are set adrift.
    Mar 12, 2015. 09:34 AM | 4 Likes Like |Link to Comment