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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: NOW who wrote (40192)	10/25/2003 9:05:26 PM
From: TobagoJack	Respond to of 74559

pezz will remind you that the way to defend net asset value is to grow it. he does not realize yet that a 20% loss off a bigger portfolio is a bigger loss :0) In any case, I recommend this book, again, as I di on SO many times over amazon.com it beats a college education in usefulness, and is less expensive I finished the first reading in Novemebr 1999, and got scared enough to start selling, and ended selling by April :0) References: Message 14936715 Dec 3rd, 2000 "This technology will one day unite the peoples of the world, under one government, speaking one language, believing in one god". At the peak of this technology infrastructure buildout, there were 7,000+ tabloids devoted to the subject in the leading industrial country of the world, 100+% of annual GDP was devoted to further buildout, and between any neighboring medium sized city pairs, there were three sets of infrastructure. And then some one turned off the lights on the railroad mania circa Britain 1860. Before lights out, the mania spread to emerging markets in Latin America and Asia, and some antique railroad bonds from the Ching Dynasty are still traded in Hong Kong antique shops. Infrastructure, you have to love them. Anecdote from "Devil Takes the Hindmost", a must read funny business book tracing financial manias from the Roman times onward. Message 14952305 Dec 5th, 2000 Hi Joel, To spoil the joys of the believers in Greenspan, a man so responsible for what is coming, I must report that I feel great today. Here are my reasons … Good news is that Big Al’s indicated interest in rate decrease, if not executed, will cause the final burst, and if executed but not accompanied by liquidity increase, will be of little use. Lowering the price of Coca-cola in the middle of Sahara desert is meaningless unless the cans, bottles, boxes, trucks are brimming over with the magical elixir, and ice is plentiful. And if the rate is decreased and liquidity turns from trickle to flood, I will be brave enough to massively short, or at least sell a giant dollop of naked LEAP calls. And certainly I will take the opportunity to go against my mom’s wishes and sell her portfolio without discrimination. Better news is that my Yahoo! trade for platinum watch is looking good, and is now just a question of whether I should get ready to buy back my Puts and settle for the Rolex Yachtmaster (mid-size) platinum bezel, or let it ride and settle for a Philip Patek 5100 series, or settle for something in between, though without waiting for availability and go for a IWC. Best news is that all can be ordered from Germany at duper bargains after accounting for Value-added Tax refund and the still so very strong dollar. Yes, I am hedging and changing some HK$ into DM even before I make my final decision. Only bad news is both the Rolex and the PP are in short supply and require a 6 months wait. Keep the faith, and be ready to short come mid-late January. Chugs, Jay