Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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.

Gold/Mining/Energy : Copper Fox -- Ignore unavailable to you. Want to Upgrade?

To: Zep70 who wrote (8669)	12/9/2014 3:51:22 PM
From: sense	Respond to of 10654

"shots are being taken at the delusional rainbow wearing glassed with the heads in the sand posters" As they should be. Reality is that every investment has three factors... the company, the market, and you... and a range of risks. The company has a job to do, a management to do it, investors enabling them, and they either do that job well and succeed in converting investment dollars allocated to them into larger value, or they put the company in position to succeed in doing that... or else, they do something else. There's a wide range in the "something else" including that many managements run companies "for the paycheck" without feeling any need, or any responsibility, to succeed, and do the job without ever putting themselves at risk, or in a position in which their own reward is dependent on success, and not "best efforts" which might not even be intended to be "enough". It doesn't matter what the industry is... the meme that "management trumps geology" is true in every company, with geology being only a word saying "management matters" in this industry as in all others. Success is not something that insulates anyone from that truth about management... as it is often more of a source of problems than failure. The market exists for a reason... or, reasons... functions in a particular way... or, ways... and is composed mostly of intermediaries trying to make a living off of the exchanges that occur between two sets of users... companies seeking to raise capital... and investors seeking to grow their wealth by investing only in the 2% of companies that end up being winners. And, of course, from there complexity occurs... including that there are lots of people working in various ways to influence others decisions in ways intended to facilitate the transfer wealth from its original owners to others. Companies offer shares for sale... regulators and exchanges define some minimal limits... and bashers and pumpers take it from there, trying to create confusion they use to enable making winning trades that fleece the unsophisticated, inducing them into parting with wealth based on fictions based in hope, faith, the opposite of those, or any number of other schemes that work. Markets and the results participants experience, aren't only about the efforts of the participants... but include variables depending on things like the economy, politics, war, acts of god, or those of his opponents... and other things in the environment, like taxes, currency exchange, the risk of competition, etc. And then there's you. The investor, or trader... whose only job, really, is to not lose money, but to increase wealth and the value of what you hold, over time. Reality is that every investment is a TRADE... whether the holding period is a couple of seconds, a couple of years, a couple of decades, or a life time. If you hold value for the long term... you might not make a trade until you die, but, then you will. Traders and investors have different expectations... different time lines... and that's fine. But, the timing issues don't obviate the need to be right about the TRADE... whether or not you are right about the company or the market.