Home › Forums › Financial Markets/Economics › Does anyone else become depressed from reading Mish’s Blog or any other decent economy blog?
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CricketOnTheHearth.
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November 12, 2009 at 10:23 AM #482140November 12, 2009 at 11:24 AM #481392
CDMA ENG
Participant[quote=NeetaT]These prognosticators are no more experts than you and me. If they were so sure of themselves, they would put their money where their mouth is and take on massive short positions in anticipation for major corrections south. As for getting depressed about these inept forecasts, remember Dale Carnegie once said, 99% of the things he worried about never happened.[/quote]
But ppl said that Rich was crazy too for his forecast. He was on the money. Mish and some choice others have been too.
And as for ppl like Mish being smarter than me… Well at least in the realms of economics… He definetly is! 😛
CE
November 12, 2009 at 11:24 AM #481562Participant[quote=NeetaT]These prognosticators are no more experts than you and me. If they were so sure of themselves, they would put their money where their mouth is and take on massive short positions in anticipation for major corrections south. As for getting depressed about these inept forecasts, remember Dale Carnegie once said, 99% of the things he worried about never happened.[/quote]
But ppl said that Rich was crazy too for his forecast. He was on the money. Mish and some choice others have been too.
And as for ppl like Mish being smarter than me… Well at least in the realms of economics… He definetly is! 😛
CE
November 12, 2009 at 11:24 AM #481927Participant[quote=NeetaT]These prognosticators are no more experts than you and me. If they were so sure of themselves, they would put their money where their mouth is and take on massive short positions in anticipation for major corrections south. As for getting depressed about these inept forecasts, remember Dale Carnegie once said, 99% of the things he worried about never happened.[/quote]
But ppl said that Rich was crazy too for his forecast. He was on the money. Mish and some choice others have been too.
And as for ppl like Mish being smarter than me… Well at least in the realms of economics… He definetly is! 😛
CE
November 12, 2009 at 11:24 AM #482004Participant[quote=NeetaT]These prognosticators are no more experts than you and me. If they were so sure of themselves, they would put their money where their mouth is and take on massive short positions in anticipation for major corrections south. As for getting depressed about these inept forecasts, remember Dale Carnegie once said, 99% of the things he worried about never happened.[/quote]
But ppl said that Rich was crazy too for his forecast. He was on the money. Mish and some choice others have been too.
And as for ppl like Mish being smarter than me… Well at least in the realms of economics… He definetly is! 😛
CE
November 12, 2009 at 11:24 AM #482229Participant[quote=NeetaT]These prognosticators are no more experts than you and me. If they were so sure of themselves, they would put their money where their mouth is and take on massive short positions in anticipation for major corrections south. As for getting depressed about these inept forecasts, remember Dale Carnegie once said, 99% of the things he worried about never happened.[/quote]
But ppl said that Rich was crazy too for his forecast. He was on the money. Mish and some choice others have been too.
And as for ppl like Mish being smarter than me… Well at least in the realms of economics… He definetly is! 😛
CE
November 12, 2009 at 12:14 PM #481466Eugene
Participant[quote=CDMA ENG]
Plus the fact it has been stated by many pundents that he was one of the few that has a portfolio that grew last year. So he must be taking advantage of the green shoots.
CE[/quote]
He was heavily hedged against Great Depression, so his portfolio grew last year (2008) and early this year while the stock market was crashing, and it declined in Q2 2009 while the stock market was making double-digit gains.
November 12, 2009 at 12:14 PM #481635Participant[quote=CDMA ENG]
Plus the fact it has been stated by many pundents that he was one of the few that has a portfolio that grew last year. So he must be taking advantage of the green shoots.
CE[/quote]
He was heavily hedged against Great Depression, so his portfolio grew last year (2008) and early this year while the stock market was crashing, and it declined in Q2 2009 while the stock market was making double-digit gains.
November 12, 2009 at 12:14 PM #482000Participant[quote=CDMA ENG]
Plus the fact it has been stated by many pundents that he was one of the few that has a portfolio that grew last year. So he must be taking advantage of the green shoots.
CE[/quote]
He was heavily hedged against Great Depression, so his portfolio grew last year (2008) and early this year while the stock market was crashing, and it declined in Q2 2009 while the stock market was making double-digit gains.
November 12, 2009 at 12:14 PM #482079Participant[quote=CDMA ENG]
Plus the fact it has been stated by many pundents that he was one of the few that has a portfolio that grew last year. So he must be taking advantage of the green shoots.
CE[/quote]
He was heavily hedged against Great Depression, so his portfolio grew last year (2008) and early this year while the stock market was crashing, and it declined in Q2 2009 while the stock market was making double-digit gains.
November 12, 2009 at 12:14 PM #482302Participant[quote=CDMA ENG]
Plus the fact it has been stated by many pundents that he was one of the few that has a portfolio that grew last year. So he must be taking advantage of the green shoots.
CE[/quote]
He was heavily hedged against Great Depression, so his portfolio grew last year (2008) and early this year while the stock market was crashing, and it declined in Q2 2009 while the stock market was making double-digit gains.
November 12, 2009 at 2:49 PM #481615Participant[quote=Eugene][quote=CDMA ENG]
Plus the fact it has been stated by many pundents that he was one of the few that has a portfolio that grew last year. So he must be taking advantage of the green shoots.
CE[/quote]
He was heavily hedged against Great Depression, so his portfolio grew last year (2008) and early this year while the stock market was crashing, and it declined in Q2 2009 while the stock market was making double-digit gains.[/quote]
Very true but I would rather see EOY performance over quartely. You can make anyone look bad on just 1 or 2 two quarters of performance data.
CE
November 12, 2009 at 2:49 PM #481781Participant[quote=Eugene][quote=CDMA ENG]
Plus the fact it has been stated by many pundents that he was one of the few that has a portfolio that grew last year. So he must be taking advantage of the green shoots.
CE[/quote]
He was heavily hedged against Great Depression, so his portfolio grew last year (2008) and early this year while the stock market was crashing, and it declined in Q2 2009 while the stock market was making double-digit gains.[/quote]
Very true but I would rather see EOY performance over quartely. You can make anyone look bad on just 1 or 2 two quarters of performance data.
CE
November 12, 2009 at 2:49 PM #482147Participant[quote=Eugene][quote=CDMA ENG]
Plus the fact it has been stated by many pundents that he was one of the few that has a portfolio that grew last year. So he must be taking advantage of the green shoots.
CE[/quote]
He was heavily hedged against Great Depression, so his portfolio grew last year (2008) and early this year while the stock market was crashing, and it declined in Q2 2009 while the stock market was making double-digit gains.[/quote]
Very true but I would rather see EOY performance over quartely. You can make anyone look bad on just 1 or 2 two quarters of performance data.
CE
November 12, 2009 at 2:49 PM #482225Participant[quote=Eugene][quote=CDMA ENG]
Plus the fact it has been stated by many pundents that he was one of the few that has a portfolio that grew last year. So he must be taking advantage of the green shoots.
CE[/quote]
He was heavily hedged against Great Depression, so his portfolio grew last year (2008) and early this year while the stock market was crashing, and it declined in Q2 2009 while the stock market was making double-digit gains.[/quote]
Very true but I would rather see EOY performance over quartely. You can make anyone look bad on just 1 or 2 two quarters of performance data.
CE
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