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.

Strategies & Market Trends : Value Investing -- Ignore unavailable to you. Want to Upgrade?

To: Paul Senior who wrote (70706)	7/20/2022 8:35:33 PM
From: Eric Bramble	1 Recommendation Recommended By petal Read Replies (1) \| Respond to of 79020

I worked for a company that partnered up with a minority bank, and part of my job was to work at the bank. Being the only white guy that I could see in a black inner city community certainly got me out of my comfort zone. And gave me a different and better perspective on life. Was it the overall environment that made you uncomfortable, or being white made it harder to interact with customers/employees? Clothing and who buys what and who doesn't buy -- that fascinates me. There are so many factors - societal, class differences, male/female, age. I've an opinion that in certain groups "looking good" "looking at least somewhat fashionable", not looking like a poor schlump - that is important. And thus worth spending money on. On another side, I see Nordstrom being recommended in this week's Barron's, and the comments thereto seem to be akin to "overpriced, who cares, would never shop there, etc,". This I assume from white, middle/upper middle class male readers of the mag. Fashion is unimportant or irrelevant. Oh well, just saying. (I have JWN stock as well - Nordstrom Rack always busy when I go there. Also sneaker/athletic shoe stocks.) This is also interesting to me! These things are so nuanced that its difficult to know what and why specific things are popular. Charlie Munger's Psychology of Human Misjudgement video + the book Influence The Psychology of Persuasion provide good insights in psychology. When I was in school the blackberry phone was worth dying for, then it completely disappeared. Same with social media apps, Vine was king, now it's gone. Really highlights the amount of power "Social media influencers" have IMO.

To: Paul Senior who wrote (70706)	7/22/2022 1:10:52 AM
From: petal	Respond to of 79020

in certain groups "looking good" "looking at least somewhat fashionable", not looking like a poor schlump - that is important. And thus worth spending money on. On another side, I see Nordstrom being recommended in this week's Barron's, and the comments thereto seem to be akin to "overpriced, who cares, would never shop there, etc,". This I assume from white, middle/upper middle class male readers of the mag. Fashion is unimportant or irrelevant. I would assume that many/most people reading Barron's are investors, too. Investors tend to be price-conscious, perhaps verging on being cheap-skates. In investing, that's a good quality, maybe even an essential one. But I wouldn't take their opinions as being representative of the general opinion of the middle/upper classes. The Barroners of the world would probably be less prone to spending lots of money on – well anything, seeing everything as a fight between value/quality and price. Most people aren't that disciplined when it comes to price. They see something they want, and they (at least sometimes) get it. I would think that the opinion of the Barron's-reading part of the population has less to do with class, actually, and more with personality. There's a sliver of them in every social class, probably, and in the comment sections of Barron's articles, they all come together.