More comments. He doesn't try to pick short term, but uses long term yardsticks.
For those of us who aren't filthy rich yet, we need to do better. Maybe it's not possible right now. Back to Buddhism? When I was a getting my brains beaten in by the markets, I threw the "I Ching" on how to properly approach stock speculation. I posted on this thread once what the Oracle said, and it was invaluable in making gobs of money. I haven't even considered going back again, because I certainly have enough to live on now.
Oh, one other thing he talked about, the pillow feather analogy. What he is grasping for, and lacks the analytical tools, is something I used all the time when I did Oceanography: Statistical turbulence and Random walk models. These concepts are great for dealing with ocean currents, movement of drifters and oil spils, and other things like that. What they're not so good at is obtaining useful mathematical models of fish and zooplankton behavior.
The reason is that animals are alive, they have something akin to free will, and certainly can make their own choices. The point is that maybe we have entered a new era, with the US strong, companies having high PE's, rest of world in the doghouse. You heard it here first. The modern era strategic maneuvering is over and the endgame has begun.
Checkmate.
CD |
