Sjuggerud/Dyson making some good points lately

[Spartacus]

(WARNING - the advertising gets a bit heavy)

subprime forcing the sale/writedown of strong asset classes

http://www.dailywealth.com/archive/2...007_sep_07.asp


http://www.dailywealth.com/sdw_archive.asp

[Guest]

Re: Sjuggerud/Dyson making some good points lately

Sjuggerud is excellent. A rare combination of highly conservative and seeking out aggressively high returns when opportunities arise.

I let my subscription lapse a year ago, but I'm thinking he's probably picking up some discarded diamonds right about now.

[c1ue]

Re: Sjuggerud/Dyson making some good points lately

In principle I agree with what Sjuggerud is saying, however, in practice I'd want to be convinced that the $1 being bought for 95 cents is really $1.

I don't in general ever agree with statements such as "rich people are good credit risks"; there are those wealthy who are fiscally prudent, but there are plenty of other wealthy who are not.

[Mega]

Re: Sjuggerud/Dyson making some good points lately

If i could just throw my Blue collor working class mind in here:-

The are 2 types of Wealth:-

Real Wealth:- You own a home(Paid for) like wise car, lots of money in investements & bank etc.....you live with in your means.

Bulshit Wealth:- You own bugger all, its all leased or rented.....you swan around in a leased 5 series BMW trying to convenice the World to your wealth, in fact your just displaying your debt!

Mike

[Guest]

Re: Sjuggerud/Dyson making some good points lately

Mega -

<< You swan around in a leased 5 series BMW >>

Yes - I like it, give me a 5 series BMW too please!

SWAN-SWAN-SWAN-SWAN-SWAN - Look at me! I'm 'swanning'!

[Mega]

Re: Sjuggerud/Dyson making some good points lately

Are Yes, but then comes the back swing..............Rates rocket, those Lease hire companys suddenly lose their cheap credit those they can't offer BMW at cheap rates, those the market dies over night.

Yep, then it just a crappy GM sad-den
Ho Ho Ho
How the mighty have fallen ;))
Mike

[c1ue]

Re: Sjuggerud/Dyson making some good points lately

Real Wealth:- You own a home(Paid for) like wise car, lots of money in investements & bank etc.....you live with in your means.

Bulshit Wealth:- You own bugger all, its all leased or rented.....you swan around in a leased 5 series BMW trying to convenice the World to your wealth, in fact your just displaying your debt!

Mega,

What you say is true, but I actually refer to those like the Donald.

While he definitely has money - born into a wealthy family - the wealth he has now was generated by OPM. When times are good, he's swimming in dough but when times are bad...

http://www.evancarmichael.com/Famous...ankruptcy.html

the Donald was an early practitioner of what hedge funds are doing now: make a splashy image, get lots of people to give you their money, then throw it in all directions.

If it sticks, claim credit.

If not, say it was due to market forces out of your control!