Comments on: Oops! The World Is Coming To An End! http://www.financialsamurai.com/2010/05/26/oops-the-world-is-coming-to-an-end/ Slicing Through Money's Mysteries Fri, 10 Feb 2012 05:38:40 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Roshawn @ Watson Inc http://www.financialsamurai.com/2010/05/26/oops-the-world-is-coming-to-an-end/comment-page-1/#comment-8873 Roshawn @ Watson Inc Mon, 31 May 2010 13:47:59 +0000 http://www.financialsamurai.com/?p=7276#comment-8873 I have absolutely no problem with those who believe their own bull personally; I just think doing so will hurt most people financially. If you are wrong, you are often making someone else richer with your mistakes. If you are right, then more power to you. You played a superior game, and I tip my hat to you. For example, I've been impressed with John Paulson for the last 2 years. He made a brilliant play, and the sophisticated investors who thought they knew where the market got embarrassed by betting against him. Yes, I know a ton of people don't like the fact that he personally made BILLIONS betting against the economy (and structured a deal that disguised his opposing interests). It doesn't bother me one bit. The people who bet against him were qualified by the SEC, meaning they should have known valuation methods and have been able to spot this rat. They failed because the believed their own bull (real estate & the market will always go up, we can spin these bad debts off as derivatives, etc). Alas this is the game of wall street: fear and greed. Thus, bullheaded people are expected. The real test to your accumen is not what you say but what you do (i.e. what's your long-term ROI compared to the market in general). .-= Roshawn @ Watson Inc´s last blog ..<a href="http://feedproxy.google.com/~r/WatsonInc/~3/d3Nsxk3Ldow/savings-down-spending-up-but-what-does.html" rel="nofollow">Savings Down, Spending Up but What Does it Mean?</a> =-. I have absolutely no problem with those who believe their own bull personally; I just think doing so will hurt most people financially. If you are wrong, you are often making someone else richer with your mistakes. If you are right, then more power to you. You played a superior game, and I tip my hat to you. For example, I’ve been impressed with John Paulson for the last 2 years. He made a brilliant play, and the sophisticated investors who thought they knew where the market got embarrassed by betting against him. Yes, I know a ton of people don’t like the fact that he personally made BILLIONS betting against the economy (and structured a deal that disguised his opposing interests). It doesn’t bother me one bit. The people who bet against him were qualified by the SEC, meaning they should have known valuation methods and have been able to spot this rat. They failed because the believed their own bull (real estate & the market will always go up, we can spin these bad debts off as derivatives, etc). Alas this is the game of wall street: fear and greed. Thus, bullheaded people are expected. The real test to your accumen is not what you say but what you do (i.e. what’s your long-term ROI compared to the market in general).
.-= Roshawn @ Watson Inc´s last blog ..Savings Down, Spending Up but What Does it Mean? =-.

]]> By: Andrew Hallam http://www.financialsamurai.com/2010/05/26/oops-the-world-is-coming-to-an-end/comment-page-1/#comment-8870 Andrew Hallam Mon, 31 May 2010 12:59:45 +0000 http://www.financialsamurai.com/?p=7276#comment-8870 <a href="#comment-8844" rel="nofollow">@savvysavingbytes </a> Hey Sam, That's funny about everyone claiming to beat the markets. And I think you're probably right. I get the biggest kick out of those laying claim to beating it over the past year or two. Of course, even if you had just a 5% bond allocation during that time, you would have beaten the market, in all likelihood. I think the markets are going to eventually beat me silly. And when they catch me, I'm going 100% indexes. So far though, so good. That said, I have no long term dellusions. I'll very likely get caught. Cheers, Andrew .-= Andrew Hallam´s last blog ..<a href="http://feedproxy.google.com/~r/AndrewHallam/~3/ubJmtuKwajM/" rel="nofollow">Mariusz Skonieczny — Why Are We So Clueless About the Stockmarket?</a> =-. @savvysavingbytes

Hey Sam,

That’s funny about everyone claiming to beat the markets. And I think you’re probably right. I get the biggest kick out of those laying claim to beating it over the past year or two. Of course, even if you had just a 5% bond allocation during that time, you would have beaten the market, in all likelihood.

I think the markets are going to eventually beat me silly. And when they catch me, I’m going 100% indexes. So far though, so good. That said, I have no long term dellusions. I’ll very likely get caught.

Cheers,
Andrew
.-= Andrew Hallam´s last blog ..Mariusz Skonieczny — Why Are We So Clueless About the Stockmarket? =-.

]]> By: Mike http://www.financialsamurai.com/2010/05/26/oops-the-world-is-coming-to-an-end/comment-page-1/#comment-8869 Mike Mon, 31 May 2010 11:06:53 +0000 http://www.financialsamurai.com/?p=7276#comment-8869 Ha. I've given up on the market years ago. I've researched a method that has guaranteed returns and allows me to by pass banks to finance my purchases. It saved me tons and kept me out of the latest stock market crash. This method is still not widely known so hopefully the Gov't won't decide to take it over. Good luck with those riding the stock market roller coaster. Ha. I’ve given up on the market years ago. I’ve researched a method that has guaranteed returns and allows me to by pass banks to finance my purchases. It saved me tons and kept me out of the latest stock market crash. This method is still not widely known so hopefully the Gov’t won’t decide to take it over. Good luck with those riding the stock market roller coaster.

]]> By: admin http://www.financialsamurai.com/2010/05/26/oops-the-world-is-coming-to-an-end/comment-page-1/#comment-8866 admin Mon, 31 May 2010 07:14:32 +0000 http://www.financialsamurai.com/?p=7276#comment-8866 I have no idea about 1974, b/c I wasn't intellectually conscience then. I see your point, and I do take comfort in the fact that downturns and rebounds have occurred before. I'd have to believe 2008-2010 was much worse than any other 2 year time period in our lifetimes for the markets. Yet, we all survived and are doing just fine. Hence, I'm not worried. .-= admin´s last blog ..<a href="http://www.financialsamurai.com/2010/05/17/an-extra-seven-hours-a-week/" rel="nofollow">An Extra Seven Hours A Week</a> =-. I have no idea about 1974, b/c I wasn’t intellectually conscience then. I see your point, and I do take comfort in the fact that downturns and rebounds have occurred before.

I’d have to believe 2008-2010 was much worse than any other 2 year time period in our lifetimes for the markets. Yet, we all survived and are doing just fine. Hence, I’m not worried.
.-= admin´s last blog ..An Extra Seven Hours A Week =-.

]]> By: admin http://www.financialsamurai.com/2010/05/26/oops-the-world-is-coming-to-an-end/comment-page-1/#comment-8865 admin Mon, 31 May 2010 07:12:38 +0000 http://www.financialsamurai.com/?p=7276#comment-8865 Andrew, I will let you in on a secret. EVERYBODY online outperforms the stock markets . If you look around the PF web, or otherwise, nobody has lost money in the downturn, and everybody is very well off. This is why I have such a positive bias on everything. If everybody is doing great, even in the worst of times, then during the great times, watch out! .-= admin´s last blog ..<a href="http://www.financialsamurai.com/2010/05/12/the-list-of-dream-jobs-id-do-for-free-baby/" rel="nofollow">The List of Jobs I’d Do For Free Baby!</a> =-. Andrew, I will let you in on a secret. EVERYBODY online outperforms the stock markets .

If you look around the PF web, or otherwise, nobody has lost money in the downturn, and everybody is very well off.

This is why I have such a positive bias on everything. If everybody is doing great, even in the worst of times, then during the great times, watch out!
.-= admin´s last blog ..The List of Jobs I’d Do For Free Baby! =-.

]]> By: admin http://www.financialsamurai.com/2010/05/26/oops-the-world-is-coming-to-an-end/comment-page-1/#comment-8864 admin Mon, 31 May 2010 07:07:31 +0000 http://www.financialsamurai.com/?p=7276#comment-8864 Gotcha. But what about guys like Investor Junkie who believe in their own jargon/bull, but yet isn't saying anything about the market? The greatest people in my mind are those who criticize and poke fun at others while say nothing themselves. .-= admin´s last blog ..<a href="http://www.financialsamurai.com/2010/05/28/who-needs-a-job-when-you-hav-a-private-school-degree/" rel="nofollow">Who Needs A Job When You Have A Private School Degree</a> =-. Gotcha. But what about guys like Investor Junkie who believe in their own jargon/bull, but yet isn’t saying anything about the market?

The greatest people in my mind are those who criticize and poke fun at others while say nothing themselves.
.-= admin´s last blog ..Who Needs A Job When You Have A Private School Degree =-.

]]> By: Memorial Day Weekend Reading: Guinea Pigs and the End - Consumerism Commentary http://www.financialsamurai.com/2010/05/26/oops-the-world-is-coming-to-an-end/comment-page-1/#comment-8849 Memorial Day Weekend Reading: Guinea Pigs and the End - Consumerism Commentary Mon, 31 May 2010 04:15:34 +0000 http://www.financialsamurai.com/?p=7276#comment-8849 [...] has improved somewhat, I’m not watching every cent, though I am still mindful and aware.Oops! The world is coming to an end. Financial Samurai offers five suggestions for dealing with your money when the financial world [...] [...] has improved somewhat, I’m not watching every cent, though I am still mindful and aware.Oops! The world is coming to an end. Financial Samurai offers five suggestions for dealing with your money when the financial world [...]

]]> By: savvysavingbytes http://www.financialsamurai.com/2010/05/26/oops-the-world-is-coming-to-an-end/comment-page-1/#comment-8844 savvysavingbytes Mon, 31 May 2010 03:17:33 +0000 http://www.financialsamurai.com/?p=7276#comment-8844 The big stock market dive a few years back has definitely made me more cautious and careful. Last year the market did quite well for me, but since it just hasn't felt right for months, I obeyed my gut instinct and got out for awhile. I think this is a needed correction here and after some further volatility, the direction will continue up. I like your quote, "You have the power to choose to be happy." It's a nice reminder that we're all captains of our own ships. .-= savvysavingbytes´s last blog ..<a href="http://savvysavingbytes.com/2010/05/free-summer-entertainment-in-new-york-enjoy/" rel="nofollow">Free Summer Entertainment in New York. Enjoy!</a> =-. The big stock market dive a few years back has definitely made me more cautious and careful. Last year the market did quite well for me, but since it just hasn’t felt right for months, I obeyed my gut instinct and got out for awhile. I think this is a needed correction here and after some further volatility, the direction will continue up.

I like your quote, “You have the power to choose to be happy.” It’s a nice reminder that we’re all captains of our own ships.
.-= savvysavingbytes´s last blog ..Free Summer Entertainment in New York. Enjoy! =-.

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