I was going to write a followup to yesterday's post about how "BLOODY OBVIOUS" the downturn was -- to say, well, I don't really believe that.
No need.
Today pretty much proved that point.
eh?
"Great kid. Don't get cocky!"
I've made a few decisions over the last year that didn't work out, I just haven't talked as much about them. They were necessary decisions where the timing wasn't fortuitous.
Which is what usually happens, you know?
I realize from my store that things that seem "bloody obvious" aren't; and things that seem unlikely -- are.
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4 comments:
oh, yeah. GREAT timing....
I think the only smart move is to put all your money in companies that make and sell useless, overpriced shit to rich people. Tiffany, Cartier, Nieman Marcus, Louis Vuitton, Mercedes Benz, Lamborghini. We are rapidly moving to a two-tier economy composed of The Uber-Riche (5%) and Everybody Else (95%). The Uber-Riche will have 95% of the money and do 95% of the spending; Everybody Else will pick up such crumbs as may drop from their tables. See http://www.nytimes.com/2011/08/04/business/sales-of-luxury-goods-are-recovering-strongly.html?src=ISMR_HP_LO_MST_FB
Market timing does not work. One might get lucky once in a while.
Buy solid companies when they are under valued.
I tend to focus on companies with a solid track record for paying dividends in the 4-5.5% range. That way even if they drop in the short term I get paid just for holding their stock.
currency trades are only sure bet
chf up 50% ytd
all usa paper is toilet tissue
wait for hyper-inflation then buy j&j for penny on dollar 99% of nyse will be gone in 5 yr
rdc doesnt have clue how fucked his litlle fraud ponzi empire will implode
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