| Author |
Message |
    
Joakim Ruud
Senior Member
Username: Joques
Post Number: 1385
Registered: 10-2005
| | Posted on Wednesday, March 18, 2009 - 10:33 am: | 
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I don't know if anybody takes this guy seriously or follows his advice, but this montage is hilarious. Maybe a little heavy-handed on the commentary, but...
http://www.youtube.com/watch?v=_nkZ3eHeXlc |
Paul Hayslett
Senior Member
Username: Paulhayslett
Post Number: 2097
Registered: 02-2002
| | Posted on Wednesday, March 18, 2009 - 11:56 am: |
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Just remember the old cliche: if this guy is such a great investor, why is he doing a TV show for a living? Why isn't he entertaining Playboy Bunnies on his private yacht instead? He's some money-management bodhisattva or something? Not likely. If he's working for a living, he doesn't know anything we don't know.
I think it should be required that anyone giving investment advice for money should invest his own portfolio exactly as he recommends that others do. I'm guessing that the advice on TV would suddenly get a LOT more conservative! |
Ron Siddall
Advanced Member
Username: El_cid
Post Number: 755
Registered: 12-2005
| | Posted on Thursday, March 19, 2009 - 02:51 pm: |
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He got what he deserved. |
Joakim Ruud
Senior Member
Username: Joques
Post Number: 1391
Registered: 10-2005
| | Posted on Thursday, March 19, 2009 - 04:00 pm: |
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What did he get? |
Ron Siddall
Advanced Member
Username: El_cid
Post Number: 756
Registered: 12-2005
| | Posted on Thursday, March 19, 2009 - 09:04 pm: |
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A full face of embarassment on national TV, total loss of credibility. But maybe like Britney Spears he can make a comeback. |
Joakim Ruud
Senior Member
Username: Joques
Post Number: 1395
Registered: 10-2005
| | Posted on Thursday, March 19, 2009 - 09:15 pm: |
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Oh ok, I thought you meant he got fired or something. Well, maybe this humiliation will lead to that  |
Brewzz
Advanced Member
Username: Brewzz
Post Number: 608
Registered: 03-2003
| | Posted on Friday, March 20, 2009 - 11:39 am: |
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I got completely out of the market.....Think CD's
Cheers,Brewzz |
dhacker
Senior Member
Username: Dhacker
Post Number: 1669
Registered: 11-2002
| | Posted on Friday, March 20, 2009 - 12:05 pm: |
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I got completely out of the market.....Think CD's
I did too. Told the wife all we were accomplishing was lining the pockets of the greedy "Investors" on WS.
CDs?? Nah . . Think Mason jars in the back yard. about the same return and you can always get to yer money!  |
Bill Pierce
Moderator
Username: Billpierce
Post Number: 10130
Registered: 01-2002
| | Posted on Friday, March 20, 2009 - 12:59 pm: |
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Psst! Hey boys, get your shovels.  |
Paul Hayslett
Senior Member
Username: Paulhayslett
Post Number: 2104
Registered: 02-2002
| | Posted on Friday, March 20, 2009 - 03:04 pm: |
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I stumbled across an apropos quote this morning. David Swensen has managed Yale's endowment since 1985, bringing it up from about $1B then to almost $23B in June. He managed positive returns for 20 consecutive years, from '88 to '08. The endowment is still worth about $16B, so Swensen has beaten the market in the downturn, too.
Long before the crash, he attacked the investment advice industry in print. He called out Cramer by name: "...Cramer squanders his extraordinary credentials and shamelessly promotes stunningly inappropriate investment advice to an all-too-gullible audience." Now, since the downturn, he says:
Jim Cramer exemplifies everything that's wrong with the advice -- and I put advice in quotation marks -- that is given to individual investors. Investing is a serious business. We're talking about the retirement security of American citizens, and he turns it into a game. It's a game where his listeners lose. It's ridiculous. These high-turnover, rapid trading strategies enrich the brokers. If you look at Jim Cramer's approach on an after-fee, after-tax basis, the individual doesn't have a chance.
Maybe now, people will listen to him. |
davidwaite
Senior Member
Username: Davidw
Post Number: 1965
Registered: 03-2001
| | Posted on Friday, March 20, 2009 - 06:42 pm: |
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I can't help but reflect on the lyrics from Toy Matinee's "Last Plane Out", copywrite 1990:
There was one repressed do-gooder, and a few who still believed.
Yes I think there were five good men here yesterday, but they were asked to leave.
So we've kept the good old vices, and laboured to invent a few.
With cake in vulgar surplus, we can have it and eat it too . . .
Men of reason, not of rhyme.
Keep the spoils and share your crime.
Good man, bad men, lost without, a hope for passage on the last plane out.
(Message edited by davidw on March 20, 2009) |
Brewzz
Advanced Member
Username: Brewzz
Post Number: 609
Registered: 03-2003
| | Posted on Friday, March 20, 2009 - 10:01 pm: |
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12 month CD's are earning about 2.25%...FICA insured and better that an ol' jar or coffee can.That is unless the whole guvment goes in the crapper...
Brewzz |
Kevin Kowalczyk
Advanced Member
Username: Itsfunbrewingbeer
Post Number: 511
Registered: 10-2007
| | Posted on Saturday, March 21, 2009 - 06:06 am: |
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If you're worried about the "guvment" going in the crapper, buy gold, guns, ammo and canned food.
Seriously, I don't thing that things will get that bad, but I do think we'll see some serious inflation over the next five years. This is the first time in my career for the last 17 years that I've ever recommended putting some of your funds in gold.
edited for spelling
(Message edited by itsfunbrewingbeer on March 21, 2009) |
Brewzz
Advanced Member
Username: Brewzz
Post Number: 612
Registered: 03-2003
| | Posted on Saturday, March 21, 2009 - 07:02 pm: |
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Actually,I have some Gold,a crapload of guns and ammo and just put in a huge(for me)garden....Bring it on!!!
Cheers,Brewzz |
Joakim Ruud
Senior Member
Username: Joques
Post Number: 1397
Registered: 10-2005
| | Posted on Saturday, March 21, 2009 - 07:08 pm: |
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I believe that in the post-apocalyptic world, our knowledge as brewers will be very sought-after indeed - let's just hope it's in the positive sense and not in the "old-guy-chained-to-a-boat-in-the-hold-of-Exxon-Valdez-in-Waterworld" sense
CD? Investing in an obsolete music format? What am I missing?
Joakim, drunk, no, make that tipsy, on his own Orval clone... |
Bill Pierce
Moderator
Username: Billpierce
Post Number: 10131
Registered: 01-2002
| | Posted on Saturday, March 21, 2009 - 09:02 pm: |
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CD: certificate of deposit, an interest-bearing financial instrument issued by a bank, with a guaranteed rate of return for a fixed term. They pay a higher interest rate than deposit accounts because they cannot be redeemed without penalty before the end of the term. Here in Canada they are called GICs or guaranteed investment certificates. I confess I don't know what they are called in Europe.
(Message edited by BillPierce on March 21, 2009) |
Brewzz
Advanced Member
Username: Brewzz
Post Number: 613
Registered: 03-2003
| | Posted on Sunday, March 22, 2009 - 01:22 am: |
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yes,Joakim,that's why I've developed my distilling skill set,LOL
Cheerz,Brewzz |
Brewzz
Advanced Member
Username: Brewzz
Post Number: 615
Registered: 03-2003
| | Posted on Sunday, March 22, 2009 - 11:22 pm: |
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New Garden
Cheers,Brewzz
Also,I planted hops at the bottom of the 2 lower corner posts... |
Bob Wall
Senior Member
Username: Brewdudebob
Post Number: 2489
Registered: 11-2004
| | Posted on Monday, March 23, 2009 - 03:17 pm: |
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Brewzz the only thing missing in your photo is guard towers and german shepherds. |
Brewzz
Advanced Member
Username: Brewzz
Post Number: 616
Registered: 03-2003
| | Posted on Monday, March 23, 2009 - 11:36 pm: |
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I have 2 Jack Russell attack dogs...LOL |
Michael
Advanced Member
Username: Hoppop
Post Number: 962
Registered: 03-2002
| | Posted on Friday, April 17, 2009 - 02:11 am: |
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It's good to work for a Wall St firm that actually did Risk Mgt over the last five years....surviving and thriving here.... (Think the "Black Swan")....good read. |
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