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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: shades who wrote (54428)	8/7/2006 8:27:03 PM
From: mishedlo	Read Replies (3) \| Respond to of 116555

What is one good trade worth? A trade that you would not come up with on your own? What is one good warning worth? Stay out of something you might have done hand you not paid to see a report? If someone provides more good ideas than bad, what is it worth? What is it worth to try and find answers somewhere else? No matter what the opinion is, you can find a different one. If you can't then rest assured everyone will be wrong (except about stuff like death and taxes). So what is something worth? Is a newsletter by Mish and Brian McAuley worth $99 a year? I have no doubt one can find the same information for free. How long would it take? Would it be worth the effort? Some people might think 10% returns by Hussman (or whatever they are) make him a god. Other scoff at 10% even when he does it with low volatility beating the pants off the overall market. Someone managing billions gets to manage billions because he beats the market with low volatility. It is easy to say buy gold or silver or commodities and point to huge returns. But if I am not mistaken, Rogers nearly went bankrupt at one point. So you tell me what low volatility is worth? The more money you have I suspect the more money low volatility is worth? In the end, something is worth whatever people will pay. But to scoff at $99 a year or even $200 a month is silly unless one knows the performance or the volatility. Certainly the cost at $99 a year if one does not like what they see is peanuts. Information is now free so $200 a month seems steep. But although information is free, gathering it oneself is time consuming. So what is one's time worth to have someone do it for you. Essentially that is what we are talking about. The more effeciently and accurately someone gathers that info, the less time an individual has to spend attempting to do the same. Can you gather and process information as fast as Faber? With his track record? So what is that worth? For the masses that might be $99 a year (or less). For someone worth Billions that advice might be worth $200,000 a year. In the end whatever people will pay. What it is worth depends on performance and volatility and time. Time that someone may not have to do themselves. What is time worth? There are potentially as many answers as there are people on this planet. Am I worth $99 a year? Perhaps not for most posting here. What about to the average joe who only has a couple extra hours a week and who would otherwise get info from CNBC? Is that worth $99 a year or $400 a year or something in between? I do not know but I will find out some partial answers soon. Comments appreciated. Mish