<your in the crowd,believing and hoping in alKBE, and the resurrection of Q>
Queen Elizabeth II, King George II, me and that's about it in the Uncle Al KBE fan club for the past 2 years.
I don't recall anyone else being enthusiastic about his management of the money. Some aren't actually negative, but I really can't recall any who are positive.
Almost everything I read has boring, repetitive searching through decades of his comments looking for slight inconsistencies [which to me rarely are inconsistencies, but more like misunderstanding by the ignorant readers who read into his stuff what they want to make of it].
Almost everyone blames him for the borrowing and speculation and irrational exuberance of the late 1990s, as though giving it a name was the cause of it. Mindless Zombies are like that.
What is so funny is that they claimed the printing of money is what caused the share prices to go up excessively. Well, are those who make that claim so clueless that they can't see that their theory is falsified by the fact that he's been printing like crazy, issuing credit flat out, but share prices have tumbled from early 2000, through all of 2000, 2001 and 2002.
Theories which fail under test are false theories. Mystics don't accept stuff like that. They then add extra layers of theory to make their theory fit whatever happens.
They say he is unintelligible, which he is not, because I understand all he says. Therefore the problem is in their receptors, not his transmitters. I dare say that Shrodinger's equation was also unintelligible to them, but that doesn't mean that Shrodinger was wrong. It means they are clueless about that stuff too.
So far, Uncle Al has done just what I'd thought he would do. Therefore, he is not only predictable, I also think he's right. He's predictable because managing money to retain its value isn't all that tough to do [though being precise about it is no mean feat]. So it's not a matter of hoping, though until he showed that he'd do what I thought he should do, it was conjecture and hope on my part. Now, I don't feel the need to worry too much because he has stuck nicely with the script.
The next part of the script will be to raise interest rates, which I suppose will be [as usual] later than I think - maybe not until next year. The US$ is well down against major currencies such as the $Kiwi, so pressure to slow the descent will be increasing.
The next scenario is competitive printing to retain currency parities.
All good fun and profits for those who guess right.
BTW, there's no resurrection of QCOM needed. They've been booming along thanks. Share prices follow profits and they have been increasing at QCOM. I'm in it for the dividends, not the share price, so with King George II ditching dividend taxes, I think QCOM will be paying dividends soon. Wheeeeee!!!!!!http://www.cdg.org/worldwide/cdma_world_subscriber.asp Sales are looking good.
Mqurice |
