ep,
You are too kind. That was a wonderful post. Loved the detail and the direction. Good enough for me to bookmark it, and I'm a sniffy snob about my collection, as many know.
Only one small quibble, though....
Re: See Big Dog's Boom BOOm Room thread for more info - actual oil industry people & successful investors on that thread.
.... and a bunch of follow-the-herd-off-cliff PGO "investors" who failed to heed my (purloined) advice:
"If you ain't woikin' an angle, you are the angle."
Alternately, as the other PoGO put it:
"We have met the enemy, and he are us!" Apologies to Walt Kelly.. :)
***
Back in the days when I was first learning about Wall Street, I'd read writers like Richard Ney, Gerald Loeb, Bernard Baruch and Jesse Livermore and they'd discuss things like "bucket shops" and "pools". I'd always wondered how these anachronisms would be expressed in today's markets. After all, as Livermore pointed out, markets may change, but human nature is constant.
I read BDBBR with a certain, shall we say, jaundiced eye. It's amusing to see the fickle fanning of fashion by certain fanatics on that thread. Not to name names, but it's certainly possible, over time, to see how some there are ringleaders, and some are ringers.
Just ask Kame-Apart Frankie.
He knows the PoGO-stick all too well.
And the seduction to buy the hanky-panky
trying to follow the hollow swell-of-the-sell.
All's well.
Except for downsteam, refining and distribution.....
And FUD about FOG. |
