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DaCounselor
ParticipantI don’t know Amarillo, but here is a Zagat-style review of Amarillo by my old friend from Dallas who lives here now – Amarillo is an “eyesore” with “no identity” and “no culture” with “scorching summers” and “freezing winters, you do know the I-40 was shut down due to a blizzard” and “you can’t make any money there” and “if you like theatre, sports, museums and concerts you can forget about it there” and “Amarillo is a place you move from, not to” and “why are we talking about Texas at all, we live in paradise, just talking about Texas is giving me hives”.
ParticipantI don’t know Amarillo, but here is a Zagat-style review of Amarillo by my old friend from Dallas who lives here now – Amarillo is an “eyesore” with “no identity” and “no culture” with “scorching summers” and “freezing winters, you do know the I-40 was shut down due to a blizzard” and “you can’t make any money there” and “if you like theatre, sports, museums and concerts you can forget about it there” and “Amarillo is a place you move from, not to” and “why are we talking about Texas at all, we live in paradise, just talking about Texas is giving me hives”.
ParticipantI don’t know Amarillo, but here is a Zagat-style review of Amarillo by my old friend from Dallas who lives here now – Amarillo is an “eyesore” with “no identity” and “no culture” with “scorching summers” and “freezing winters, you do know the I-40 was shut down due to a blizzard” and “you can’t make any money there” and “if you like theatre, sports, museums and concerts you can forget about it there” and “Amarillo is a place you move from, not to” and “why are we talking about Texas at all, we live in paradise, just talking about Texas is giving me hives”.
ParticipantI suspect some naysayers may be found to sing a different tune if they themselves were $200K underwater. Interesting thought. No matter, is there really any debate that the ongoing government rescue is propping up the financiers, those who were in the business of lending for profit, those who were in a position to risk-model and insure properly, those who would and should suffer the losses as, um, a business loss, as opposed to seeking taxpayer money?
The fact that taxpayer money is being used to offset financier losses is due to financier strategy to minimize losses via a government rescue. And the government’s willingness to play along. Blaming the guy who is defaulting to minimize his own loss entirely ignores the make-up of the finance industry. Trust me, all you will hear from those in the finance industry is how they effed up badly and what they can do to control the damage. I have not heard one ill word from anyone about the underwater homeowner who decides to default and get off of a sinking ship. Those who lend and invest made terrible mistakes – that is what this is about.
ParticipantI suspect some naysayers may be found to sing a different tune if they themselves were $200K underwater. Interesting thought. No matter, is there really any debate that the ongoing government rescue is propping up the financiers, those who were in the business of lending for profit, those who were in a position to risk-model and insure properly, those who would and should suffer the losses as, um, a business loss, as opposed to seeking taxpayer money?
The fact that taxpayer money is being used to offset financier losses is due to financier strategy to minimize losses via a government rescue. And the government’s willingness to play along. Blaming the guy who is defaulting to minimize his own loss entirely ignores the make-up of the finance industry. Trust me, all you will hear from those in the finance industry is how they effed up badly and what they can do to control the damage. I have not heard one ill word from anyone about the underwater homeowner who decides to default and get off of a sinking ship. Those who lend and invest made terrible mistakes – that is what this is about.
ParticipantI suspect some naysayers may be found to sing a different tune if they themselves were $200K underwater. Interesting thought. No matter, is there really any debate that the ongoing government rescue is propping up the financiers, those who were in the business of lending for profit, those who were in a position to risk-model and insure properly, those who would and should suffer the losses as, um, a business loss, as opposed to seeking taxpayer money?
The fact that taxpayer money is being used to offset financier losses is due to financier strategy to minimize losses via a government rescue. And the government’s willingness to play along. Blaming the guy who is defaulting to minimize his own loss entirely ignores the make-up of the finance industry. Trust me, all you will hear from those in the finance industry is how they effed up badly and what they can do to control the damage. I have not heard one ill word from anyone about the underwater homeowner who decides to default and get off of a sinking ship. Those who lend and invest made terrible mistakes – that is what this is about.
ParticipantI suspect some naysayers may be found to sing a different tune if they themselves were $200K underwater. Interesting thought. No matter, is there really any debate that the ongoing government rescue is propping up the financiers, those who were in the business of lending for profit, those who were in a position to risk-model and insure properly, those who would and should suffer the losses as, um, a business loss, as opposed to seeking taxpayer money?
The fact that taxpayer money is being used to offset financier losses is due to financier strategy to minimize losses via a government rescue. And the government’s willingness to play along. Blaming the guy who is defaulting to minimize his own loss entirely ignores the make-up of the finance industry. Trust me, all you will hear from those in the finance industry is how they effed up badly and what they can do to control the damage. I have not heard one ill word from anyone about the underwater homeowner who decides to default and get off of a sinking ship. Those who lend and invest made terrible mistakes – that is what this is about.
ParticipantI suspect some naysayers may be found to sing a different tune if they themselves were $200K underwater. Interesting thought. No matter, is there really any debate that the ongoing government rescue is propping up the financiers, those who were in the business of lending for profit, those who were in a position to risk-model and insure properly, those who would and should suffer the losses as, um, a business loss, as opposed to seeking taxpayer money?
The fact that taxpayer money is being used to offset financier losses is due to financier strategy to minimize losses via a government rescue. And the government’s willingness to play along. Blaming the guy who is defaulting to minimize his own loss entirely ignores the make-up of the finance industry. Trust me, all you will hear from those in the finance industry is how they effed up badly and what they can do to control the damage. I have not heard one ill word from anyone about the underwater homeowner who decides to default and get off of a sinking ship. Those who lend and invest made terrible mistakes – that is what this is about.
Participant“The strip on 30th has a great vibe. I hate PB, hate downtown so I guess this decision is more about enjoying where I live as well.
Why would you assume things will go back to sketch now that the bubble has burst?”
___________________________Some may say that a “reversion to the mean” argument may answer this question….:)
Participant“The strip on 30th has a great vibe. I hate PB, hate downtown so I guess this decision is more about enjoying where I live as well.
Why would you assume things will go back to sketch now that the bubble has burst?”
___________________________Some may say that a “reversion to the mean” argument may answer this question….:)
Participant“The strip on 30th has a great vibe. I hate PB, hate downtown so I guess this decision is more about enjoying where I live as well.
Why would you assume things will go back to sketch now that the bubble has burst?”
___________________________Some may say that a “reversion to the mean” argument may answer this question….:)
Participant“The strip on 30th has a great vibe. I hate PB, hate downtown so I guess this decision is more about enjoying where I live as well.
Why would you assume things will go back to sketch now that the bubble has burst?”
___________________________Some may say that a “reversion to the mean” argument may answer this question….:)
Participant“The strip on 30th has a great vibe. I hate PB, hate downtown so I guess this decision is more about enjoying where I live as well.
Why would you assume things will go back to sketch now that the bubble has burst?”
___________________________Some may say that a “reversion to the mean” argument may answer this question….:)
ParticipantGood points Allan. Look at my situation – I openly admit that I “trade” with a small portion of my portfolio, and have done so for 25 years, because I enjoy the process. I’m not investing, I’m trading – big difference. I’m prepared to take losses and I also celebrate big wins. It is of course akin to gambling. Now I enjoy going to Vegas 2-3 times a year, but the stuff you can do in the market is much more fun for me. In a sense, it’s entertainment. So I guess losses are an “entertainment expense”. That’s what we call our Vegas beatings. We also refer to them as “buying a thousand dollar beer.”
I have had some statistically amazing runs, both trading and in Vegas, and when you get on an extended run the thought can creep into your mind that “hey, I can make a living at this – i can play blackjack and craps for a LIVING!” But sooner or later the House asserts itself and it all comes crashing down and you learn who the boss is, and it ain’t you. Same thing with trading. And trust me, I have also suffered with some statistically amazing cold streaks as well.
The other thing about both trading and gambling is that you always seem to hear alot about someone’s great winning streak but not so much about the times they get blown up. Anyway, I am huge skeptic of anyone being able to, as they say, “beat the market” over the long haul, in the same way I am skeptical that anyone can “beat the House” in Vegas over the long haul. Those that try should be prepared to incur an “entertainment expense.”
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