The Market is Going to Zero Syndrome

[raptorduck]

Allan: I used to live wallking distance from St. Francis. I also used to live in the Palo Alto Hills, above the country club at the 2,000 foot level on Page Mill. But RSF, Del Mar, Santaluz, La Jolla are in a different league than LA, LAH, or PA IMHO.

[raptorduck]

Rustico. Very good advice as always. I am struggling with that very idea at the moment to just put my house for sale in March.

[raptorduck]

Rustico. Very good advice as always. I am struggling with that very idea at the moment to just put my house for sale in March.

[raptorduck]

Rustico. Very good advice as always. I am struggling with that very idea at the moment to just put my house for sale in March.

[raptorduck]

Rustico. Very good advice as always. I am struggling with that very idea at the moment to just put my house for sale in March.

[raptorduck]

Rustico. Very good advice as always. I am struggling with that very idea at the moment to just put my house for sale in March.

[raptorduck]

Nostradamus. I am not rich. I know a lot of rich people, so I can tell the difference. I ain’t one of them. I have been lucky with money and have a job that pays very well, but that is about it. I just went to school and got a lot of degrees and do something not many people can do where there is lots of demand for it globally. Nothing brilliant about that. Just common sense marketing.

I am no financial wiz kid and certainly not financially talented enough to be giving advice to folks. I know no more than an MBA who also has an economics degree. I live below my means so don’t tend to carry debt other than a mortgage, which as a rule should be no more than 33% of the value of my house after 5 years for me. That is all the savy I have. The rest is dumb is as dumb does.

Look, I owned Enron and Worldcom stock when the market tanked and a lot of it. Don’t look to me for financial or real estate advice. Why do you think I joined this board? I am an expert in some things, but not these.

[raptorduck]

Nostradamus. I am not rich. I know a lot of rich people, so I can tell the difference. I ain’t one of them. I have been lucky with money and have a job that pays very well, but that is about it. I just went to school and got a lot of degrees and do something not many people can do where there is lots of demand for it globally. Nothing brilliant about that. Just common sense marketing.

I am no financial wiz kid and certainly not financially talented enough to be giving advice to folks. I know no more than an MBA who also has an economics degree. I live below my means so don’t tend to carry debt other than a mortgage, which as a rule should be no more than 33% of the value of my house after 5 years for me. That is all the savy I have. The rest is dumb is as dumb does.

Look, I owned Enron and Worldcom stock when the market tanked and a lot of it. Don’t look to me for financial or real estate advice. Why do you think I joined this board? I am an expert in some things, but not these.

[raptorduck]

Nostradamus. I am not rich. I know a lot of rich people, so I can tell the difference. I ain’t one of them. I have been lucky with money and have a job that pays very well, but that is about it. I just went to school and got a lot of degrees and do something not many people can do where there is lots of demand for it globally. Nothing brilliant about that. Just common sense marketing.

I am no financial wiz kid and certainly not financially talented enough to be giving advice to folks. I know no more than an MBA who also has an economics degree. I live below my means so don’t tend to carry debt other than a mortgage, which as a rule should be no more than 33% of the value of my house after 5 years for me. That is all the savy I have. The rest is dumb is as dumb does.

Look, I owned Enron and Worldcom stock when the market tanked and a lot of it. Don’t look to me for financial or real estate advice. Why do you think I joined this board? I am an expert in some things, but not these.

[raptorduck]

Nostradamus. I am not rich. I know a lot of rich people, so I can tell the difference. I ain’t one of them. I have been lucky with money and have a job that pays very well, but that is about it. I just went to school and got a lot of degrees and do something not many people can do where there is lots of demand for it globally. Nothing brilliant about that. Just common sense marketing.

I am no financial wiz kid and certainly not financially talented enough to be giving advice to folks. I know no more than an MBA who also has an economics degree. I live below my means so don’t tend to carry debt other than a mortgage, which as a rule should be no more than 33% of the value of my house after 5 years for me. That is all the savy I have. The rest is dumb is as dumb does.

Look, I owned Enron and Worldcom stock when the market tanked and a lot of it. Don’t look to me for financial or real estate advice. Why do you think I joined this board? I am an expert in some things, but not these.

[raptorduck]

Nostradamus. I am not rich. I know a lot of rich people, so I can tell the difference. I ain’t one of them. I have been lucky with money and have a job that pays very well, but that is about it. I just went to school and got a lot of degrees and do something not many people can do where there is lots of demand for it globally. Nothing brilliant about that. Just common sense marketing.

I am no financial wiz kid and certainly not financially talented enough to be giving advice to folks. I know no more than an MBA who also has an economics degree. I live below my means so don’t tend to carry debt other than a mortgage, which as a rule should be no more than 33% of the value of my house after 5 years for me. That is all the savy I have. The rest is dumb is as dumb does.

Look, I owned Enron and Worldcom stock when the market tanked and a lot of it. Don’t look to me for financial or real estate advice. Why do you think I joined this board? I am an expert in some things, but not these.

[nostradamus]

I wouldn’t call you dumb at all but I can’t believe an MBA with a degree in economics doesn’t feel comfortable giving financial advice. I admire your humility. I wish Greenspan and Bernanke were less comfortable giving financial advice!

Anyhow, I guess your definition of rich is not only in financial terms.

It sounds like you’ve been very smart and made it through some interesting times. In another decade or so you can look back and say “I made it through the Enron/Worldcom crash and I sat tight during the biggest housing bubble in history”.

The housing bubble was good for me in one way: it made me save during these years and really learn a lot about housing valuation.

[nostradamus]

I wouldn’t call you dumb at all but I can’t believe an MBA with a degree in economics doesn’t feel comfortable giving financial advice. I admire your humility. I wish Greenspan and Bernanke were less comfortable giving financial advice!

Anyhow, I guess your definition of rich is not only in financial terms.

It sounds like you’ve been very smart and made it through some interesting times. In another decade or so you can look back and say “I made it through the Enron/Worldcom crash and I sat tight during the biggest housing bubble in history”.

The housing bubble was good for me in one way: it made me save during these years and really learn a lot about housing valuation.

[nostradamus]

I wouldn’t call you dumb at all but I can’t believe an MBA with a degree in economics doesn’t feel comfortable giving financial advice. I admire your humility. I wish Greenspan and Bernanke were less comfortable giving financial advice!

Anyhow, I guess your definition of rich is not only in financial terms.

It sounds like you’ve been very smart and made it through some interesting times. In another decade or so you can look back and say “I made it through the Enron/Worldcom crash and I sat tight during the biggest housing bubble in history”.

The housing bubble was good for me in one way: it made me save during these years and really learn a lot about housing valuation.

[nostradamus]

I wouldn’t call you dumb at all but I can’t believe an MBA with a degree in economics doesn’t feel comfortable giving financial advice. I admire your humility. I wish Greenspan and Bernanke were less comfortable giving financial advice!

Anyhow, I guess your definition of rich is not only in financial terms.

It sounds like you’ve been very smart and made it through some interesting times. In another decade or so you can look back and say “I made it through the Enron/Worldcom crash and I sat tight during the biggest housing bubble in history”.

The housing bubble was good for me in one way: it made me save during these years and really learn a lot about housing valuation.

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