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Ash Housewares
Participant“Have there been any studies on the effects of emotion and people’s general “feelings” on the markets and how the markets are affected by them?”
Rational market theory is only valid in the long-term. Short term valuations can be irrational, as seen in CA home prices right now, and at any time in some stock or another.
Benjamin Graham described a hypothetical “Mr. Market” crazy guy with wild mood swings as a way to explain this phenomenon. A company’s fundamentals don’t swing rapidly or widely, so why should the stock price? It’s crazy Mr. Market, he’s at it again! Buy only when the crazy guy is offering you a great price.
ParticipantMisleading (and incorrect) title on this thread:
“Home Prices slip 6.0% in San Diego during Q1 2007”This was a YOY decline, not a decline DURING Q1 like the title suggests.
ParticipantMisleading (and incorrect) title on this thread:
“Home Prices slip 6.0% in San Diego during Q1 2007”This was a YOY decline, not a decline DURING Q1 like the title suggests.
June 1, 2007 at 12:52 PM in reply to: So I pulled the trigger: My buying experience in Temecula (long story) #55936ParticipantWay to go newguy. You should do a search on this site for “amarillo”. A realtor from there was trying to sell a nasty pink 3600 sq ft house in Texas for 650,000. He’s since dropped it to 598,000, but it’s still $165 per sq ft IN TEXAS. He’d crap his pants if he heard about your deal.
June 1, 2007 at 12:52 PM in reply to: So I pulled the trigger: My buying experience in Temecula (long story) #55955ParticipantWay to go newguy. You should do a search on this site for “amarillo”. A realtor from there was trying to sell a nasty pink 3600 sq ft house in Texas for 650,000. He’s since dropped it to 598,000, but it’s still $165 per sq ft IN TEXAS. He’d crap his pants if he heard about your deal.
ParticipantPerry, your last post is a bit of a dichotomy. The first paragraph seems to imply that we need government intervention in the market (“If we really care about our society’s well being, we’d work to lower the cost of housing”). Sounds like socialism to me.
Your second paragraph advocates a market system where the beneficiary pays- capitalism.
Just an observation.
ParticipantPerry, your last post is a bit of a dichotomy. The first paragraph seems to imply that we need government intervention in the market (“If we really care about our society’s well being, we’d work to lower the cost of housing”). Sounds like socialism to me.
Your second paragraph advocates a market system where the beneficiary pays- capitalism.
Just an observation.
ParticipantI think the distinction made earlier (can’t recall who brought it up) about innovative societies versus societies who just copy what others are doing is the key thing here.
The difference boils down to whether or not a country has laws and enforcement policies to protect intellectual property. China is notorious for piracy and corporate espionage. Until intellectual property is taken seriously over in China, companies there have little incentive to innovate, thus you will not be running a PC with chips designed by a Chinese company anytime soon. Similarly, you won’t be taking any medications developed in China in the foreseeable future. There’s just no incentive to innovate when it doesn’t lead to a competitive advantage due to copying.
ParticipantI think the distinction made earlier (can’t recall who brought it up) about innovative societies versus societies who just copy what others are doing is the key thing here.
The difference boils down to whether or not a country has laws and enforcement policies to protect intellectual property. China is notorious for piracy and corporate espionage. Until intellectual property is taken seriously over in China, companies there have little incentive to innovate, thus you will not be running a PC with chips designed by a Chinese company anytime soon. Similarly, you won’t be taking any medications developed in China in the foreseeable future. There’s just no incentive to innovate when it doesn’t lead to a competitive advantage due to copying.
ParticipantIf you have enough monkeys pounding on typewriters, one of them will eventually write Moby Dick. No one turns 12k into 1.65M in a few years (legally) through skill alone.
ParticipantIf you have enough monkeys pounding on typewriters, one of them will eventually write Moby Dick. No one turns 12k into 1.65M in a few years (legally) through skill alone.
ParticipantHow does a 25 year old get to manage a hedge fund? Don’t hedge funds have minimum investments in the 6-7 figure range? Who would entrust that kind of money to a kid one year out of business school?
ParticipantHow does a 25 year old get to manage a hedge fund? Don’t hedge funds have minimum investments in the 6-7 figure range? Who would entrust that kind of money to a kid one year out of business school?
ParticipantAnother strange one: This Realtor drove his golf cart over a cliff. Might as well go out in style.
http://news.yahoo.com/s/ap/20070522/ap_on_re_us/golf_cart_plunge;_ylt=ArAH4jpMFrR7b5m6YynkRe3MWM0F -
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