Investment Propaganda

[Tulpen]

Re: Investment Propaganda

Isn't that nice?

Just common sense, just follow the money. Very soon the money is going to flow into the financial companies thus long financials. Nobrainer.

[Finster]

Re: Investment Propaganda

http://www.bloomberg.com/apps/news?p...d=axN8Gl5_fsxA

Buffett Buys Goldman Stake in `Economic Pearl Harbor'

(Update1)

By Erik Holm

Sept. 24 (Bloomberg) -- Billionaire Warren Buffett, calling turmoil in the markets an ``economic Pearl Harbor,'' said his $5 billion investment in Goldman Sachs Group Inc. is an endorsement of the Treasury's $700 billion bank rescue plan...

'nuff said.

[Jim Nickerson]

Re: Investment Propaganda

Just common sense, just follow the money. Very soon the money is going to flow into the financial companies thus long financials. Nobrainer.

It amazes me daily to encounter what must be indicative of vastly different experiences individuals have when it comes to investing. "A nobrainer"!! I guess investing using "no brain" characterizes a lot of people, but for sure that is only my guess.

If investing is a "no brainer" why is iTulip so popular a site? If it is a "no brainer," someone should suggest to EJ that he is pissing away his time and efforts to offer some semblance of sanity in a financial world that seems to be operating with "no brain."

Tulp., whoever you are and whatever you are, I presume you are an honest a guy as the day is long; I have absolutely no reason to believe otherwise. Why don't you put it up just how much of your portfolio you have invested in this "no brainer" assessment that you have now mentioned in two or three places?

I guess were I convinced there was a single thing into which putting money was 100% sure to profit, then I am pretty sure I'd put 100% of my money into it, and I might even borrow some in order to reap even greater profits. Are you so sure that you've gone 100% or 100% + into this thing you assess as a "no brainer"?

I'd really like to know where your money is relative to where your mouth is.

In my opinion, there are no investments that are sure things, in which "sure things" = "no brainers" if I am getting the gist of what Tulp. is putting up here.

[Tulpen]

Re: Investment Propaganda

It is simply a matter of following the money. Right now it is going into financials, that is pretty obvious, to me at least.

Fact: The banks and other financial institutions are going to be bailed out.

I am not saying it is good for the economy or good for the taxpayer or morally right or yada yada, all I am saying is that I base my current investment decisions on that fact.

I am currently long financials and I regret it if that is not detailed enough for you.

[Jim Nickerson]

Re: Investment Propaganda

It is simply a matter of following the money. Right now it is going into financials, that is pretty obvious, to me at least.

Fact: The banks and other financial institutions are going to be bailed out.

I am not saying it is good for the economy or good for the taxpayer or morally right or yada yada, all I am saying is that I base my current investment decisions on that fact.

I am currently long financials and I regret it if that is not detailed enough for you.

Have no regrets, Tulp. I personally do not care what or how much you have put with real money where you keep putting your mouth here.

I think it should be clear to readers to take such comments as yours have been regarding "no brainer" investing with a grain or salt, that's my treatment of such comments.

[bart]

Re: Investment Propaganda

http://www.bloomberg.com/apps/news?p...d=axN8Gl5_fsxA

Buffett Buys Goldman Stake in `Economic Pearl Harbor'

(Update1)

By Erik Holm

Sept. 24 (Bloomberg) -- Billionaire Warren Buffett, calling turmoil in the markets an ``economic Pearl Harbor,'' said his $5 billion investment in Goldman Sachs Group Inc. is an endorsement of the Treasury's $700 billion bank rescue plan...

'nuff said.

Not quite:

If you're in a card game and you can't figure out who the patsy is, you're it.
-- Warren Buffett


"You’re neither right nor wrong because other people agree with you. You’re right because your facts are right and your reasoning is right-and that’s the only thing that makes you right."
-- Warren Buffett

[Supercilious]

Re: Investment Propaganda

It is simply a matter of following the money. Right now it is going into financials, that is pretty obvious, to me at least.

Hey, if you can get a deal like Buffet , go for it. If you can, please get for me too some 100000 GS options of at $115 .... err ... I mean those cost-free, no-expiration, options.

[Tulpen]

Re: Investment Propaganda

Hey, if you can get a deal like Buffet , go for it. If you can, please get for me too some 100000 GS options of at $115 .... err ... I mean those cost-free, no-expiration, options.

I am sure you could if you were to bring 5 billion dollars to them in new capital.

Note that Buffett did not buy the common on the open market but brought in much needed capital. Sure he got a good deal, but people deserve a good deal if they are willing to take risk. I think Buffett made a good call as I'm sure he recognizes that the bailout is going to happen. He simply follows the money.

Later it is likely that all hell will break lose in the economy even with a less stressed financial system and at that state the money will likely flow to infrastructure but now it's obviously financials.

[Supercilious]

Re: Investment Propaganda

I am sure you could if you were to bring 5 billion dollars to them in new capital.

Note that Buffett did not buy the common on the open market but brought in much needed capital. Sure he got a good deal, but people deserve a good deal if they are willing to take risk.

Tulpen, I don't get the logic:

You can get a good deal only if you bring billions <===> You can make billions only if you get a good deal.

That is promoting a cast system. Based on probability only I would suspect that your net worth is bellow let's say $10 mil.

If that is the case, can you explain why an untouchable should be eager to actively support and accept immoral justifications for a cast system?

If your net worth is more than $10 mil, master I beg your forgiveness for speaking the unthinkable.

[Slimprofits]

Re: Investment Propaganda

Rasmussen Reports: Most Americans Still Say Home-Buying Is Best Investment

Two-thirds of Americans (66%) think buying a home is the best investment most families can make, despite the recent meltdown of the U.S. housing market. Just 19% disagree.

Forty-four percent (44%) also say it’s a good idea for most Americans to invest in stocks, bonds and mutual funds, according to a new Rasmussen Reports national telephone survey. Thirty-one percent (31%) don’t think it’s a good idea, and 24% are undecided (see crosstabs).

[..]

...from surveys Sunday and Monday nights... (Survey of 1,000 Adults Conducted September 21-22, 2008)

[Jim Nickerson]

Re: Investment Propaganda

Rasmussen Reports: Most Americans Still Say Home-Buying Is Best Investment
Quote:

Two-thirds of Americans (66%) think buying a home is the best investment most families can make, despite the recent meltdown of the U.S. housing market. Just 19% disagree. Forty-four percent (44%) also say it’s a good idea for most Americans to invest in stocks, bonds and mutual funds, according to a new Rasmussen Reports national telephone survey. Thirty-one percent (31%) don’t think it’s a good idea, and 24% are undecided (see crosstabs). [..] ...from surveys Sunday and Monday nights... (Survey of 1,000 Adults Conducted September 21-22, 2008)

If one takes the 44% that thinks its a good idea for most Americans to invest in the markets, the highness of that number strongly suggests there is NO revulsion for owning stocks even though the equity indices are courting their lows. Given the limitation of 1000 respondents, and heavens know who they were, it might suggest a bottom to the markets' declines is not in place.

[GRG55]

Re: Investment Propaganda

My facts are correct and verifiable. My conclusion was and is that the implication that people should buy stocks because Buffett saw value in the deal he got from Goldman is invalid. Your rebuttal offers no contravening facts and, while you may not like it, does not even colorably inform the reader why he should reject my conclusion.

This is your conclusion [at least one of them ;) ]...

It is sad witness the venerated Warren Buffet becoming a paid shill for stocks.

What amount did he get paid? Who paid him? Look forward to your verification...

[GRG55]

Re: Investment Propaganda

That's false. And I can prove it. In fact, I did prove it, right in my intial post. I said that "Buffett bought preferred shares yielding 10%. In addition, he retains the option to buy common at $115." And I provided a link right to the Bloomberg press report.

That doesn't prove he's a "paid shill" as you accused him.

Nor is it the first time that Buffett has used Berkshire's strong balance sheet position and his personal reputation to strike an advantageous deal for Berkshire shareholders. If he had purchased the shares in a personal account I may feel as you do.

[metalman]

Re: Investment Propaganda

That doesn't prove he's a "paid shill" as you accused him.

Nor is it the first time that Buffett has used Berkshire's strong balance sheet position and his personal reputation to strike an advantageous deal for Berkshire shareholders. If he had purchased the shares in a personal account I may feel as you do.

ok if i butt in on your love fest?

buffett 2008 = rockefeller 1929

if the whole market falls another 50%, that’s bad for buffett no matter how good an investor he is.

at this point the “big men” come out to give the market confidence. it never works... the system is structurally flawed (over-indebted) but what the f*ck, it’s worth a try...

_____

You are here --->
_____

Stocks Up in Strong Rally; Rockefellers Big Buyers; Exchanges Close 2-1/2 Days

Revived by spontaneous investment buying and declarations of large extra cash dividends by leading companies, and free of the delirium that has recently gripped share owners, the stock market yesterday received a fresh start and scored a record comeback. Volume on the Stock Exchange totaled 10,727,320 shares, the third largest day on record.

The high spot of the day from a stock market viewpoint was the statement by John D. Rockefeller that there was no need to destroy values and that he and his son, John D. Rockefeller Jr., had been heavy buyers of stocks for investment in the last few days, and would continue to buy at present prices...

- New York Herald Tribune, October 31, 1929

as the itulip front page sez...

“It's almost worth the Great Depression to learn how little our big men know.”
- Will Rogers

[GRG55]

Re: Investment Propaganda

Tulpen, I don't get the logic:

You can get a good deal only if you bring billions <===> You can make billions only if you get a good deal.

That is promoting a cast system. Based on probability only I would suspect that your net worth is bellow let's say $10 mil.

If that is the case, can you explain why an untouchable should be eager to actively support and accept immoral justifications for a cast system?

If your net worth is more than $10 mil, master I beg your forgiveness for speaking the unthinkable.

You can get a "good deal" for a whole lot less than $5 B or even $10 Mill. There are now distressed sellers all across the spectrum, for just about everything [Vancouver real estate apparently excepted. For now ;) ].

I've been picking up some long coveted assets at prices I never expected to benefit from, and I expect the best is yet to come.