SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Art of Investing
PICK 49.41+0.4%Dec 18 4:00 PM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Lee Lichterman III who wrote (6287)2/2/2023 5:53:02 PM
From: Sun Tzu  Read Replies (1) of 10701
 
You hear what you want to hear and you are building strawmen to refute something I did not say.

I gave you a very real example. FRGE, which I hold and has been great so far, is going to lose money and is in the worst business environment. It went from 47.60 to 1.26. Let that sink in. At it's lows, it was trading below cash. Why wasn't it a good investment? On the other hand, I warned about oil stocks the week before they peaked and about copper two weeks before they peaked. Yes, they have recovered. But how great of a deal were they at the time that I warned about them?

Unlike your BBBY bankruptcy example, I can make a real business case for every one of my holdings. As I've told you many times, I don't ignore the fundamentals. And even with BBBY, I would not make fun of because I don't know what the company could be worth in bankruptcy. Sometimes they come out ok, as was the case with K-mart (remember that?).

But you are again missing the bigger point or don't want to hear it. Financial markets are *very* noisy. You can try to filter for earnings quality or size or momentum or whatever, and in the end, half the participants are always wrong. Oil companies are in fact a very good example. I've heard all the stories about the $300 oil. How did it work out? So anyone who thinks somehow he is not speculating because he is staying with "quality" companies is fooling himself. I can make a long list of blue chips that made terrible investments. Some of us are just more clear eyed about it than the rest.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News