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-- state of the market
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quote:

Originally posted by Krypton Good luck. This is a very volatile stock so do not be alarmed when it goes down 10% in a day, and up 10% in a day. But I think the company backing the stock is of good quality.

I'm not that worried, I am young, single and live with my parents.

I have money to burn trying things out.

Hmm depends which era of Buffet you're talking about to directly relate him to Graham. He changed over the years. What you are talking about seems more Charlie Munger.

But as I understand it normally the idea is to calculate what the company would be worth if it went bust and was asset stripped? For a Graham/early Buffet ideology?

Been awhile since I looked into it though so might have it wrong?

quote:

Originally posted by Dervish Hmm depends which era of Buffet you're talking about to directly relate him to Graham. He changed over the years. What you are talking about seems more Charlie Munger. But as I understand it normally the idea is to calculate what the company would be worth if it went bust and was asset stripped? For a Graham/early Buffet ideology? Been awhile since I looked into it though so might have it wrong?

I'm talking about the general philosophy. Buying high quality companies at a great price and viewing them as a business rather than a stock.

quote:

Originally posted by Joss Weatherby I'm not that worried, I am young, single and live with my parents. I have money to burn trying things out.

I'm in the same boat. Still an undergrad with lots of time.

This graph is not upside down.





Disclaimer: The market is going to drop tomorrow.

Ok.



Disclaimer: I'm going to eat cinnamon rolls for breakfast tomorrow.

Someone made a drawing to help us understand what one trillion dollars physically looks like

quote:

Originally posted by enydo Ok. Disclaimer: I'm going to eat cinnamon rolls for breakfast tomorrow.

Damn you! I want cinnanon rolls


Disclaimer: The DOW is currently teetering in the positives.

It should be noted that while picking the right stock and buying at the right time helps investments, for long term growth, proper asset allocation is your best strategy for continued success.

quote:

Originally posted by Banora Someone made a drawing to help us understand what one trillion dollars physically looks like

holy shit thats crazy..

I heard an analogy the other day that amazed me too. If you were alive when Jesus was born (day 0, year 0) and spent one million dollars ($1,000,000.00) that day and another million dollars EVERY DAY SINCE THEN..thats one million bucks per day for 2,009 years and 3 months...you STILL would not have spent a trillion dollars. (only around $730 billion)

quote:

Originally posted by Banora Someone made a drawing to help us understand what one trillion dollars physically looks like

This reminds me of Dark Knight, where the Joker slides down a pile of cash and then burns it.

finally in the green with bac today

i'm +25% on RY in about 3 weeks.

sell? keep?

I still dont trust any financial institutions enough to hold them more than a day or two. Bought HIG and C last friday just before the market closed, sold on wednesday after the open with a hefty profit. Did an intra day today on FAS (4.06 to 4.56, got nervous when it woudnt go past 4.5 for a long time, when beached went over 4.6) then loaded up on FAZ at 40.5 just before the closing bell, also considering the news of foreclosures in the past few days SRS might be a good call as well. I still dont think that the bears had their last word, we can hit 4500 on the DOW yet. Im not really going long until i see another successful test of the 6470.

Also C may have well been in the black in jan and feb, but FRE needs another 32b in aid, thats losing about 7.5$ per share on a share which trades below 0.5$. No things dont look good.

the state of the market is sad when jon stewart goes after CNBC. The Stewart vs Cramer interview was as brutal as Stewart vs Crossfire hosts.

http://www.npr.org/blogs/monkeysee/...daily_show.html

as much as i don't really like stewart , cramer grill was brilliant and i look forward to mad money being canceled soon

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