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Post by rgs2001uk on May 9, 2020 20:45:52 GMT 7
^^^ Any source for that quotation? Google didn't help me. I can remember reading the same quote, depends on the source, for the life of me, I cant remember it. |
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chiangmai
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Post by chiangmai on May 9, 2020 21:05:55 GMT 7
^^^ Any source for that quotation? Google didn't help me. I can remember reading the same quote, depends on the source, for the life of me, I cant remember it. A case of beer for anyone who can show a source for those words, other than them comming from me. |
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Post by rgs2001uk on May 9, 2020 21:11:41 GMT 7
I can remember reading the same quote, depends on the source, for the life of me, I cant remember it. A case of beer for anyone who can show a source for those words, other than them comming from me. Thank you for the kind offer, but no need, I can remember reading those words on some investment site, as mentioned before, I cant remember what one. |
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chiangmai
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Post by chiangmai on May 9, 2020 21:14:24 GMT 7
You trolling me boy?  |
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Post by rgs2001uk on May 9, 2020 21:16:16 GMT 7
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Post by rgs2001uk on May 9, 2020 21:18:24 GMT 7
You trolling me boy? far from it, I am as p**sed off as you that i cant find the quote, I can remember reading it, but for the life of me i dont need a case of beer that much and i have better things to do than read about 20 websites., i will take your kind offer and see it, i will send you two cases of beer if you can provide the link. |
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chiangmai
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Post by chiangmai on May 10, 2020 6:36:09 GMT 7
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AyG
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Post by AyG on May 10, 2020 8:06:29 GMT 7
^^^ Try reading that again. He started with $77k, but ended up losing $9 million. And the price was -$37/barrel.
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siampolee
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Alive alive O
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Post by siampolee on May 10, 2020 9:48:57 GMT 7
Ran the Chiang Mai comment through three plagiarisms checker sit they all came up negative. Seems that apart from the Chiangmai post here nothing is in the public domain. Bloody curfew leads one down some strange roads. Indeed , 'The devil makes work for idle hands.'' |
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chiangmai
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Post by chiangmai on May 10, 2020 11:16:03 GMT 7
^^^ Try reading that again. He started with $77k, but ended up losing $9 million. And the price was -$37/barrel. 77k or 9 mill. is largely irrelevant to the point of the article don't ya think...... but thank you so much for pointing out the error, where ever would we be without without such a service. |
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AyG
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Post by AyG on May 10, 2020 11:23:41 GMT 7
Can anyone please explain these, I alaways thought they were regarded as high risk Investors are often herd-like in their behaviour. They invest in what has recently performed well. This pushes up the the prices of the investment, so driving performance upwards. Investors then pile in more money and the prices go up again. The prices are simply not supported by company performance or logic. The only questions really are (a) will they go up further, and (b) can I get out before they come crashing down? If you look at the underlying investments, you'll typically see they have a very high P/E ratio, and low or negative profitability. Tesla, for example, has a P/E ratio of 5,183. It lost $1 billion in 2018, and a further $862 million last year. Netflix P/E ratio is is rather less ludicrous, but still extremely high, at 88. In 2018, Netflix had a free cash flow of minus $3 billion. At some point sanity must be restored, and share prices will come crashing down. But when will that be? As someone* famously said "The market can remain irrational longer than you can remain solvent." * Quotation variously attributed to Warren Buffett, John Maynard Keynes, Gary Shilling, et al.. |
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AyG
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Post by AyG on May 10, 2020 11:25:00 GMT 7
^^^ Try reading that again. He started with $77k, but ended up losing $9 million. And the price was -$37/barrel. 77k or 9 mill. is largely irrelevant to the point of the article don't ya think...... but thank you so much for pointing out the error, where ever would we be without without such a service. Highly relevant since IBKR are going to be covering that and other related losses. Anyway, glad to be of service. |
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chiangmai
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Post by chiangmai on May 11, 2020 6:35:00 GMT 7
77k or 9 mill. is largely irrelevant to the point of the article don't ya think...... but thank you so much for pointing out the error, where ever would we be without without such a service. Highly relevant since IBKR are going to be covering that and other related losses. Anyway, glad to be of service. Isn't Interactive Brokers the mob that you keep recommending......will they survive? The name makes me think of irritable bowel syndrome for some reason, I wonder if that was intentional. |
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Post by rgs2001uk on May 11, 2020 20:39:58 GMT 7
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chiangmai
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Post by chiangmai on May 11, 2020 20:51:46 GMT 7
Another fund I've held for many years is Baillie Gifford International, it's recovered the fastest and furthest of all my holdings during the most recent crash and reaffirms the high level of expertise that Charles Plowden brings to the fund and to BG itself.
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Jan 4, 2023 21:15:53 GMT 7
Jan 4, 2023 21:15:53 GMT 7
