[an]

[quote=walterwhite]Comparing gold to ford isn’t fair. Gold isn’t z stock play it’s a savings play. If the choice is gold 1,000 or 1,000 in the bank, gold seemed safer. Sure ford worked out but things are only no brainers in retrospect. Gold is and was an alternative currency play.

I am willing to acknowledge that dverythingbi just wrote may be total bullshit.

Worst stock advice ever? Buy Polaroid in 1999, the who digital camera thing won’t take off[/quote]
Gold isn’t a savings play. If you put money in the bank, you’re guarantee x% return every year and there’s NO WAY to lose your capital. You can lose money investing in gold if gold goes down. Gold can go up and down like Ford.

[an]

[quote=walterwhite]Comparing gold to ford isn’t fair. Gold isn’t z stock play it’s a savings play. If the choice is gold 1,000 or 1,000 in the bank, gold seemed safer. Sure ford worked out but things are only no brainers in retrospect. Gold is and was an alternative currency play.

I am willing to acknowledge that dverythingbi just wrote may be total bullshit.

Worst stock advice ever? Buy Polaroid in 1999, the who digital camera thing won’t take off[/quote]
Gold isn’t a savings play. If you put money in the bank, you’re guarantee x% return every year and there’s NO WAY to lose your capital. You can lose money investing in gold if gold goes down. Gold can go up and down like Ford.

[an]

[quote=walterwhite]i meant tom pettyw as on the radio in 1981, on the radio today and …well…i think most people ar elistening to him occasionally, whetehr voluntarily or not. it’s difficult to escape music nowadays. i was 18 30 years ago,a nd not the same person. i was an idiot. 6 years is not 30.

30 is a generation.

30 is a long time.

is suspect my mortgage payment will be very very small in 28 years, if i lvie that long.

i suspect tom petty will still be at it.[/quote]
Yes, 6 years is not 30, but if 6 years feel like 1 day, 30 years will feel no more than a week. I guess when you’re busy enjoying life everyday and not constantly worry about the future, time does fly.

[an]

[quote=walterwhite]i meant tom pettyw as on the radio in 1981, on the radio today and …well…i think most people ar elistening to him occasionally, whetehr voluntarily or not. it’s difficult to escape music nowadays. i was 18 30 years ago,a nd not the same person. i was an idiot. 6 years is not 30.

30 is a generation.

30 is a long time.

is suspect my mortgage payment will be very very small in 28 years, if i lvie that long.

i suspect tom petty will still be at it.[/quote]
Yes, 6 years is not 30, but if 6 years feel like 1 day, 30 years will feel no more than a week. I guess when you’re busy enjoying life everyday and not constantly worry about the future, time does fly.

[an]

[quote=walterwhite]i meant tom pettyw as on the radio in 1981, on the radio today and …well…i think most people ar elistening to him occasionally, whetehr voluntarily or not. it’s difficult to escape music nowadays. i was 18 30 years ago,a nd not the same person. i was an idiot. 6 years is not 30.

30 is a generation.

30 is a long time.

is suspect my mortgage payment will be very very small in 28 years, if i lvie that long.

i suspect tom petty will still be at it.[/quote]
Yes, 6 years is not 30, but if 6 years feel like 1 day, 30 years will feel no more than a week. I guess when you’re busy enjoying life everyday and not constantly worry about the future, time does fly.

[an]

[quote=walterwhite]i meant tom pettyw as on the radio in 1981, on the radio today and …well…i think most people ar elistening to him occasionally, whetehr voluntarily or not. it’s difficult to escape music nowadays. i was 18 30 years ago,a nd not the same person. i was an idiot. 6 years is not 30.

30 is a generation.

30 is a long time.

is suspect my mortgage payment will be very very small in 28 years, if i lvie that long.

i suspect tom petty will still be at it.[/quote]
Yes, 6 years is not 30, but if 6 years feel like 1 day, 30 years will feel no more than a week. I guess when you’re busy enjoying life everyday and not constantly worry about the future, time does fly.

[an]

[quote=walterwhite]i meant tom pettyw as on the radio in 1981, on the radio today and …well…i think most people ar elistening to him occasionally, whetehr voluntarily or not. it’s difficult to escape music nowadays. i was 18 30 years ago,a nd not the same person. i was an idiot. 6 years is not 30.

30 is a generation.

30 is a long time.

is suspect my mortgage payment will be very very small in 28 years, if i lvie that long.

i suspect tom petty will still be at it.[/quote]
Yes, 6 years is not 30, but if 6 years feel like 1 day, 30 years will feel no more than a week. I guess when you’re busy enjoying life everyday and not constantly worry about the future, time does fly.

[an]

[quote=Allan from Fallbrook]
I believe the days of truly objective and, more importantly, non-partisan journalship are behind us, and all of us, intentionally or not, now feed our confirmation bias by finding those sources that support and advance our “beliefs”.[/quote]
Allan, I totally agree. I think it’s human nature to find a pack that think/move like they do. Safety in numbers. Even before the Internet, do you often see group of friends that’s completely opposite in their thinking? I would surmise that people seek out friends who think like they do. The Internet only let you seek out those “friends” who are not even in your same geological area. Same goes for people seeking out news and information. Do you think those who watches Fox news would even watch MSNBC? If they do, do they believe a single opinion that the news broadcaster say? Vice versa for those who normally watch MSNBC.

Before the Internet, J6pack can only sit and watch what others are saying. Today, people can participate and voice their opinion. Although, opinion are like a$$hole, it’s not always a bad thing to at least listen to those opinion and use your own judgement to determine to believe such opinion or not. Example would be Piggington itself. In the 1990 RE crash, your only source of information is RE agents. If there’s no Internet and no blogging, I’m sure there will be even more people who loses their a$$ from buying a house at the peak. The bloggers were the first to ring the alarm bell. Even Piggington, a very data-centric, on attract like minded posters (at least in term of RE). Periodically, permabulls would come and post, but they don’t last very long.

[an]

[quote=Allan from Fallbrook]
I believe the days of truly objective and, more importantly, non-partisan journalship are behind us, and all of us, intentionally or not, now feed our confirmation bias by finding those sources that support and advance our “beliefs”.[/quote]
Allan, I totally agree. I think it’s human nature to find a pack that think/move like they do. Safety in numbers. Even before the Internet, do you often see group of friends that’s completely opposite in their thinking? I would surmise that people seek out friends who think like they do. The Internet only let you seek out those “friends” who are not even in your same geological area. Same goes for people seeking out news and information. Do you think those who watches Fox news would even watch MSNBC? If they do, do they believe a single opinion that the news broadcaster say? Vice versa for those who normally watch MSNBC.

Before the Internet, J6pack can only sit and watch what others are saying. Today, people can participate and voice their opinion. Although, opinion are like a$$hole, it’s not always a bad thing to at least listen to those opinion and use your own judgement to determine to believe such opinion or not. Example would be Piggington itself. In the 1990 RE crash, your only source of information is RE agents. If there’s no Internet and no blogging, I’m sure there will be even more people who loses their a$$ from buying a house at the peak. The bloggers were the first to ring the alarm bell. Even Piggington, a very data-centric, on attract like minded posters (at least in term of RE). Periodically, permabulls would come and post, but they don’t last very long.

[an]

[quote=Allan from Fallbrook]
I believe the days of truly objective and, more importantly, non-partisan journalship are behind us, and all of us, intentionally or not, now feed our confirmation bias by finding those sources that support and advance our “beliefs”.[/quote]
Allan, I totally agree. I think it’s human nature to find a pack that think/move like they do. Safety in numbers. Even before the Internet, do you often see group of friends that’s completely opposite in their thinking? I would surmise that people seek out friends who think like they do. The Internet only let you seek out those “friends” who are not even in your same geological area. Same goes for people seeking out news and information. Do you think those who watches Fox news would even watch MSNBC? If they do, do they believe a single opinion that the news broadcaster say? Vice versa for those who normally watch MSNBC.

Before the Internet, J6pack can only sit and watch what others are saying. Today, people can participate and voice their opinion. Although, opinion are like a$$hole, it’s not always a bad thing to at least listen to those opinion and use your own judgement to determine to believe such opinion or not. Example would be Piggington itself. In the 1990 RE crash, your only source of information is RE agents. If there’s no Internet and no blogging, I’m sure there will be even more people who loses their a$$ from buying a house at the peak. The bloggers were the first to ring the alarm bell. Even Piggington, a very data-centric, on attract like minded posters (at least in term of RE). Periodically, permabulls would come and post, but they don’t last very long.

[an]

[quote=Allan from Fallbrook]
I believe the days of truly objective and, more importantly, non-partisan journalship are behind us, and all of us, intentionally or not, now feed our confirmation bias by finding those sources that support and advance our “beliefs”.[/quote]
Allan, I totally agree. I think it’s human nature to find a pack that think/move like they do. Safety in numbers. Even before the Internet, do you often see group of friends that’s completely opposite in their thinking? I would surmise that people seek out friends who think like they do. The Internet only let you seek out those “friends” who are not even in your same geological area. Same goes for people seeking out news and information. Do you think those who watches Fox news would even watch MSNBC? If they do, do they believe a single opinion that the news broadcaster say? Vice versa for those who normally watch MSNBC.

Before the Internet, J6pack can only sit and watch what others are saying. Today, people can participate and voice their opinion. Although, opinion are like a$$hole, it’s not always a bad thing to at least listen to those opinion and use your own judgement to determine to believe such opinion or not. Example would be Piggington itself. In the 1990 RE crash, your only source of information is RE agents. If there’s no Internet and no blogging, I’m sure there will be even more people who loses their a$$ from buying a house at the peak. The bloggers were the first to ring the alarm bell. Even Piggington, a very data-centric, on attract like minded posters (at least in term of RE). Periodically, permabulls would come and post, but they don’t last very long.

[an]

[quote=Allan from Fallbrook]
I believe the days of truly objective and, more importantly, non-partisan journalship are behind us, and all of us, intentionally or not, now feed our confirmation bias by finding those sources that support and advance our “beliefs”.[/quote]
Allan, I totally agree. I think it’s human nature to find a pack that think/move like they do. Safety in numbers. Even before the Internet, do you often see group of friends that’s completely opposite in their thinking? I would surmise that people seek out friends who think like they do. The Internet only let you seek out those “friends” who are not even in your same geological area. Same goes for people seeking out news and information. Do you think those who watches Fox news would even watch MSNBC? If they do, do they believe a single opinion that the news broadcaster say? Vice versa for those who normally watch MSNBC.

Before the Internet, J6pack can only sit and watch what others are saying. Today, people can participate and voice their opinion. Although, opinion are like a$$hole, it’s not always a bad thing to at least listen to those opinion and use your own judgement to determine to believe such opinion or not. Example would be Piggington itself. In the 1990 RE crash, your only source of information is RE agents. If there’s no Internet and no blogging, I’m sure there will be even more people who loses their a$$ from buying a house at the peak. The bloggers were the first to ring the alarm bell. Even Piggington, a very data-centric, on attract like minded posters (at least in term of RE). Periodically, permabulls would come and post, but they don’t last very long.

[an]

[quote=walterwhite]30 years is unfathomably long. Where was I in 1981? A different person a different world. I think I was making 4.00 an hour or so. Everything was different. What will I make if I’m working in 2041? What world will exist? Will we STILL be listening to Tom petty?[/quote]
30 years is not long at all. Time is flying so fast. It felt like it was yesterday that we were talking about the housing bubble and its impending crash. It has been 6 years since the crash. Some things are different, and other things are still the same. My house is in the same exact spot 30 years ago. People worked for $ in America 30 years ago and they do so today. The way old people thought about young people 30 years ago is pretty similar to the way old people today thought about young people. People paid taxes 30 years ago and people pay taxes today. You might still be listening to Tom Petty but most of us won’t, since most of us are not listening to him today.

[an]

[quote=walterwhite]30 years is unfathomably long. Where was I in 1981? A different person a different world. I think I was making 4.00 an hour or so. Everything was different. What will I make if I’m working in 2041? What world will exist? Will we STILL be listening to Tom petty?[/quote]
30 years is not long at all. Time is flying so fast. It felt like it was yesterday that we were talking about the housing bubble and its impending crash. It has been 6 years since the crash. Some things are different, and other things are still the same. My house is in the same exact spot 30 years ago. People worked for $ in America 30 years ago and they do so today. The way old people thought about young people 30 years ago is pretty similar to the way old people today thought about young people. People paid taxes 30 years ago and people pay taxes today. You might still be listening to Tom Petty but most of us won’t, since most of us are not listening to him today.

[an]

[quote=walterwhite]30 years is unfathomably long. Where was I in 1981? A different person a different world. I think I was making 4.00 an hour or so. Everything was different. What will I make if I’m working in 2041? What world will exist? Will we STILL be listening to Tom petty?[/quote]
30 years is not long at all. Time is flying so fast. It felt like it was yesterday that we were talking about the housing bubble and its impending crash. It has been 6 years since the crash. Some things are different, and other things are still the same. My house is in the same exact spot 30 years ago. People worked for $ in America 30 years ago and they do so today. The way old people thought about young people 30 years ago is pretty similar to the way old people today thought about young people. People paid taxes 30 years ago and people pay taxes today. You might still be listening to Tom Petty but most of us won’t, since most of us are not listening to him today.

[Author]

Posts