tag:blogger.com,1999:blog-1665619563748706349.post8427859193534539431..comments2023-10-07T07:44:17.892-07:00Comments on The New Englander: One Feather in the Active Investor's Cap..The New Englanderhttp://www.blogger.com/profile/06201310505648616855noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-1665619563748706349.post-15250429149094442382009-09-05T21:06:44.356-07:002009-09-05T21:06:44.356-07:00Ari,
Yup, gaming has GOT to be at work with certa...Ari,<br /><br />Yup, gaming has GOT to be at work with certain stocks, esp. the extremely volatile ones. Take, for example, Fannie Mae (FNM) and Freddie Mac (FRE) over the past month. They've had day after day of wild swings in the double-digit percentages. There's just no fundamental or technical analysis that should support that...it seems way more likely that folks with deep pockets (or access to others' deep pockets) are riding it up, dumping it, doing it all over again, and laughing all the way to the bank..<br /><br />best,<br />gpThe New Englanderhttps://www.blogger.com/profile/06201310505648616855noreply@blogger.comtag:blogger.com,1999:blog-1665619563748706349.post-61221304552475099592009-09-03T14:31:53.293-07:002009-09-03T14:31:53.293-07:00The only thing I'd add Greg, is that while I a...The only thing I'd add Greg, is that while I agree that indexing is better for the average investor, it is quite clear at least in my mind over the past year how much gaming is done to the system, and so there are definitely people who are exceptional investors, not because they are exception in any real sense (though some are, a la Buffet) but because many of them are gaming the system (legally or illegally). It's an important thing to bear in mind as you're protecting (and diversifying) your assets and learning the markets, I thinkArihttps://www.blogger.com/profile/08235491574625737808noreply@blogger.comtag:blogger.com,1999:blog-1665619563748706349.post-13398247719705797062009-09-01T20:11:48.292-07:002009-09-01T20:11:48.292-07:00Kad,
Great advice, but the sad thing is how many ...Kad,<br /><br />Great advice, but the sad thing is how many people do exactly the opposite...it was in Random Walk that I first read how things like 401(k) and IRA plans get the most dollar infusion at the HIGHEST peaks in the stock market, and how people are most likely to pull money out at the bottom. Seems crazy, but there was that Lowell Sun headline last week about how 401(k) contributions were just starting to increase now that the market had made such strides since March. <br /><br />Another example of how doing leads to knowing is the financial stuff surrounding homeownership. I think that seeing firsthand how a refi might not always be good, or learning what equity is (many think it's the percent of the loan paid off, but it's not -- it's based on assessed value and outstanding loan amount)...it's an expensive way to learn sometimes but I find that friends who don't own their own homes are unfamiliar with a lot of this..<br /><br />And Cliff, I would say you have outstanding HUMINT from a reliable source with direct, first-hand access to the information. Cold and foggy only on the first and last days only, though, as the unexpected sunburn I got on days 2 and 3 stands as proof..<br /><br />best,<br />gpThe New Englanderhttps://www.blogger.com/profile/06201310505648616855noreply@blogger.comtag:blogger.com,1999:blog-1665619563748706349.post-30382591563784032782009-09-01T19:19:17.292-07:002009-09-01T19:19:17.292-07:00I heard that San Francisco was cold and foggy.I heard that San Francisco was cold and foggy.C R Kriegerhttps://www.blogger.com/profile/10563658418464959198noreply@blogger.comtag:blogger.com,1999:blog-1665619563748706349.post-68754324369135219182009-09-01T05:20:25.236-07:002009-09-01T05:20:25.236-07:00Buy on the dips, and hold, baby!Buy on the dips, and hold, baby!Craig Hhttps://www.blogger.com/profile/09824029248081902170noreply@blogger.com