It is a good point, Jeremy J. Siegel advocates similar as well. However, the criteria that Buffet and Lynch use has more detail than just what is shown in "out fox the box" example. If you don't know good companies to select, then they suggest you buy asset classes.
However, in the case of Lynch, he tells you how you can know more about a given company and its asset potential long before, and with greater detail than the analysts at wall street do.
Buffett uses a similar methodology. He looked at Coca Cola, and thought that the merits were good, but not good enough, and the stock was low. He did not buy. The stock rose, and then the leadership changed hands, and as soon as he realized who the new CEO was, and what he was about, THEN he bought shares. Not before. And at that point the stock had already appreciated a bit. But the capstone of a good CEO to the fundamentals aided in the decison. So, for him, it is more than just the information that can be found on finace reports. He bought GEICO in a similar manner.
You are correct in that you cannot out fox the box, but according to Lynch and Buffett, you should go on more than just the fundamentals alone. You should know a great deal about the company prior to buying shares.
I believe Buffett likens it to this: "Imagine you were buying the company. The WHOLE company, not just some shares. Would it be worth buying this buisiness?" Buffett suggests, if the answer to this question is "yes" but you don't have the funds to buy the whole company (who does other than Gates and Buffett and the like) then you should buy.
Sorry, yes. You are correct. You must take Mr. Market into account in any of your transactions. I meant to use "ignore the market" as a shorthand for "stop timing the market" or basically, as a short hand for not falling into the trap of "greater fool theory". I should have phrased that more accurately.
So, you buy when Mr. Market is depressed, and sell when he is manic. I will check out Greenwalds book as I like to consider myself a value investor.
Or... You can listen to the likes of Peter Lynch and Warren Buffett.
They both advocate that you TOTALLY IGNORE what the market is doing because it is impossible to predict. Buy stocks on their MERITS. If a stock meets your fundamental merits, and the crazy wiles of the market seem to have made it under priced because of some moronic panic or something similar... Then buy it.
And hold it - especially if it pays dividends - and never let go of it. Well, almost never. If the market goes really crazy, and you have an opportunity for a large capital gain *OR* the fundamentals are no longer solid. Then sell.
Using this technique, I made 45% profit on my stocks in the last 2 years.
Remember, better than 10% yearly return beats the market, and most people can't do that. Not even the so called "experts".
For reference:
The Warren Buffet Way 2nd Edition Beating the Street, by Peter Lynch The Future for Investors, Jeremy J. Siegel The Intelligent Investor, Benjamin Graham
A network that treats the release of a new Bin Laden tape like some sort of surprise Super Bowl isn't entirely helping matters. They certainly don't want to chase away their Arab viewership, but calling every Palestinian that blows up a bus a "martyr" only makes matters worse, not better. So what if they host talk shows that provide equal access to all flavors of idealogy in the Arab world?
However, in a similar vien, Iraqi "freedom fighters" are labled "terrorists" by American media. Can you blame the local Iraqi's for wanting a foriegn power to stop occupying their country? Sure Al Jazeera sensationalizes the Bin Laden tape - people in the Arab world want to see it. Does that make them bad? I believe the majoirity of Arab Muslims hate Bin Laden views IIRC. American media sensationalized the toppling of the Saddam statue - which was pretty much a non-event within Iraq and the surrounding countries. (Check out the wide shots of that event available on google images)
Pretty much every media outlet does this to some degree. I find that the BBC does this the least of any of the news outlets I frequent.
For the record, I read about the same stories in world politics on:
There are 2 Canadian sites in there because I am Canadian. That is my bias.
So, I agree that from a North American view calling suicide bombers heros is inflamitory. I just think of Al Jazeera is sort of a "Fox News" combined with "CNN" for the Arab world. But that is just my opinion.
And that makes it okay? "Shareholders" and society in general need to grow a conscience and learn there is more to success than money. That there's more to LIFE than money.
Quite true, but you can buy a whole hell of alot more stuff to enrich your life with money. For example, time. Each of us has a limited amount of time on this earth, some more than others. If you dont need to trade your time for money (working) then you can spend more of your time with LIFE.
To ignore that money is really the currency of time and freedom is to shortchange yourself time.
When I took a C++ course back in 1996, I was writing all my code on a Unix system through the shell. Everyone was, that is how the course was taught, and that is how I got started with Unix/Linux.
However, having come from an English and Biology major background, I was really confused when on one assignment the instructor praised one student who had used some GPL code to complete his assignment, in fact, all most all of the code was borrowed. The instructor told me about how code reuse was a good thing.
Given that he had a big beard, we worked on Unix, and we all had to use Emacs I think you can see which side of the camp he came down on. But before I really understood how code is used and shared (or not as the case may be) I was confused to no end how plagarism was acceptable in writing computer code.
Now that I understand how the GPL works, and why re-using code is a good thing, it makes more sense. Still, if you can do your job by outsourcing your job... well... I almost want to say more power to you.
I guess I don't totally agree with the above statement. But I guess what I really learned is that in school co-operation and simple solutions to problems are discouraged because instructors need to evaluate your performance. In the real world as long as the goal is accomplished, most people generally don't care about the means.
"The Chinese government has yielded to pressure from adult online gamers and exempted them from its online gaming addiction policy. The rules, which went into effect last October, require that after five hours of consecutive play, players cease earning any virtual rewards such as experience points or beneficial items. To avail themselves of the exemption, some 26 million gamers will have to register their real names and identity card numbers with the authorities. The system hasn't proven particularly effective -- minors reportedly skirt the limits by logging onto different accounts or switching to another game after reaching the time limit."
And people were wondering why Chinese players prefer not to frequent Chinese servers. There were the recent (slashdot story) accusations of gold farming, which is possible. Or, the Chinese players of WoW perhaps want to circumvent this limit by playing on an outside server...
Note, I don't know anything about WoW servers within China, and whether they acutally conform to this 5 hour limit or not, but then again, I don't play WoW on Chinese servers either.
Maybe its just the engineer in me, but isn't it possible that we're just observing some other unknown effect. Something so complicated and exotic doesn't feel right. When it comes down to the math we juggle equations around, fit curves, and re-evaluate until the math yields a good approximation. Math juggling is one thing but I don't think there's a strong case for creating a physical entity for it.
Ha! Shows what you know! Clearly this is an interaction between the Phlogiston and Ether, not some engineers hypothisis! Clearly Maternal impression has had quite an effect on you, otherwise you would know enough about Vitalism to understand how the universe works!
kidding right? because sometimes when I am stressed, porn on my comp is a great stress reliever
Yeah sure, unless that pr0n is goatse or tubgirl on your desktop background "helpfully" installed by a co-worker... Unless that floats your boat... Ew...
Forget military use (killing), how would this work as a survivor searching tool (saving lives) after earthquakes and such? I bet DARPA won't let us "private secor" folk make it useful though. You know: "because people could use it for terror and someone might be killed by that terrorist. Save lives wih a weapon - stupid liberals"
Wont let? How are they going to stop people from building their own? Many of the DIY project people will be building these as the specific details become more available - that is nothing to say about the private sector acutually buiding these for Search and Rescue use...
However, having said that I am not so certain if we want slashdot readers to be able to see through walls... EWWWW...
Actually, all meteorites that land (hence the name) are actually cold due to ablation. While the meteor exterior gets quite hot, it begins to ablate, and lose mass due to friction. This keeps the temperature of the main mass nearly the same as it was in space, Very cold indeed. However, as another poster pointed out, the rain was likely red due to iron and not xenobacteria.
The thing is that the nuclear material from these reactors is not THAT dangerous. Sure, yes, it could kill, but if you learn more about nuclear materials, what the biggest risk would be is using the material for a nuclear bomb, not a dirty bomb. The advantage of a dirty bomb is that it is a great terror weapon. Let me clarify that - "a weapon to specifically cause fear, not widespread damage".
The thing is, people have the capability to build nerve gas weapons with the same effect RIGHT NOW - and they have used them - like in Japan. Sprinkling nuclear material over playgrounds would be bad - until it rains. You would need large amounts of very hot (nuclear speaking) material to contaminate an area for a protracted period of time.
I am not saying that it is NOT dangerous, but by the same argument, a terrorist could come along, siphon the gas out of my truck, and use a flamethrower at a playground to much worse effect. Or, mix the gas in such a way as to create a fuel-air explosive and cause quite bad damage at said playground.
Your argument of a consolidated area is probably a good one. The reason people have suggested scattered pebble bed reactors is due to economics of scale. A small reactor could power an industrial plant, without the need for miles and miles of power lines. This consumes fewer resources from an economic standpoint.
Depends on how you use them. Personally I think a pebble bed reactor in my truck would be cool - I could drive it for about 20 years without refuling!
If you read up on them at Wikipedia, and then supplant your knowledge of nuclear physics by understanding electromagnetic radiation, and alpha and beta radiation, you will likely be far less afraid of them as an energy medium. Granted, if you do some things like what happened at Chernobyl, yes, things will go wrong. But in the same vien, lying under your car, and poking a hole in the gas tank with a blow torch is bad... but we know this.
Once you fully understand nuclear power, and how to SAFELY dispose of the waste - and what causes the waste, and then compare that waste to what we get from all the other energy sources around us that we are "comfortable" with, you will find it is not all that bad.
When I was younger I signed a bunch of petitions against nuclear weapons, and against nuclear power as well, I went door to door getting signatures as well. However, now that I understand how it works I am no longer afraid. I am respectful mind you, but I treat Gasoline the same way.
If you read up on how a pebble bed works, you will find it is actually quite safe.
You are absolutely correct. I agree that alchohol is perfect for small consumer devices. It is just not cost-efficent for automobiles whereas hydrogen and/or electricity is.
I personally prefer nuclear power from a area of use perspective - that is, wave generation, wind generation etc take up space, whereas, nuclear reactors could be underground. (Solar could be on every rooftop, I would love to see solar shingles commercially available...)
Suppose we switch to nuclear. Then the majority of radioactive waste will come from nuclear power instead of coal power. THANK GOODNESS, now I can sleep at night.
Nice straw man. When you compare the amount of power generated by coal and the amount of power generated by Nuclear means, you find that for each joule used, coal releases MORE radiation than Nuclear fuel.
Well, if you combine the real-time motion capture of Andy Serkis as gollum (check it out on the extended extras for LOTR) with the type of motors used in the ASIMO, it can be very smooth - check out this motion: http://world.honda.com/HDTV/ASIMO/New-ASIMO-run-6k mh/index.html Note, I am not suggesting that the ASIMO itself would be a sparring partner, but that the motors can indeed be more fluid than you would expect, the asimo does not have to be mounted, whereas the sparring partner could indeed be.
Solenoids do not need to drive a hydraulic system, they can directly drive the limbs. A solenoid that is severly augmented is known as a railgun, and can ramp objects up to speeds as high as 11 km per second.
Switch to a large number of Pebble Bed Nuclear Reactors like China is doing, and use this energy to run run cars on Hydrogen or electricity.
Believe it or not, Nuclear power is actually CLEANER ounce per ounce than most other energy methods (Try comparing it to coal, for example, which is still currently used, or many other things.) However, most people are scared of it, because they dont understand it.
For those about to reply OMG! Nuclear power ZOMG!!!111!!11One!!! You should perhaps read the wikipedia article.
Slashdot Mirror
It is a good point, Jeremy J. Siegel advocates similar as well. However, the criteria that Buffet and Lynch use has more detail than just what is shown in "out fox the box" example. If you don't know good companies to select, then they suggest you buy asset classes.
However, in the case of Lynch, he tells you how you can know more about a given company and its asset potential long before, and with greater detail than the analysts at wall street do.
Buffett uses a similar methodology. He looked at Coca Cola, and thought that the merits were good, but not good enough, and the stock was low. He did not buy. The stock rose, and then the leadership changed hands, and as soon as he realized who the new CEO was, and what he was about, THEN he bought shares. Not before. And at that point the stock had already appreciated a bit. But the capstone of a good CEO to the fundamentals aided in the decison. So, for him, it is more than just the information that can be found on finace reports. He bought GEICO in a similar manner.
You are correct in that you cannot out fox the box, but according to Lynch and Buffett, you should go on more than just the fundamentals alone. You should know a great deal about the company prior to buying shares.
I believe Buffett likens it to this: "Imagine you were buying the company. The WHOLE company, not just some shares. Would it be worth buying this buisiness?" Buffett suggests, if the answer to this question is "yes" but you don't have the funds to buy the whole company (who does other than Gates and Buffett and the like) then you should buy.
Sorry, yes. You are correct. You must take Mr. Market into account in any of your transactions. I meant to use "ignore the market" as a shorthand for "stop timing the market" or basically, as a short hand for not falling into the trap of "greater fool theory". I should have phrased that more accurately.
So, you buy when Mr. Market is depressed, and sell when he is manic. I will check out Greenwalds book as I like to consider myself a value investor.
Or... You can listen to the likes of Peter Lynch and Warren Buffett.
They both advocate that you TOTALLY IGNORE what the market is doing because it is impossible to predict. Buy stocks on their MERITS. If a stock meets your fundamental merits, and the crazy wiles of the market seem to have made it under priced because of some moronic panic or something similar... Then buy it.
And hold it - especially if it pays dividends - and never let go of it. Well, almost never. If the market goes really crazy, and you have an opportunity for a large capital gain *OR* the fundamentals are no longer solid. Then sell.
Using this technique, I made 45% profit on my stocks in the last 2 years.
Remember, better than 10% yearly return beats the market, and most people can't do that. Not even the so called "experts".
For reference:
The Warren Buffet Way 2nd Edition
Beating the Street, by Peter Lynch
The Future for Investors, Jeremy J. Siegel
The Intelligent Investor, Benjamin Graham
A network that treats the release of a new Bin Laden tape like some sort of surprise Super Bowl isn't entirely helping matters. They certainly don't want to chase away their Arab viewership, but calling every Palestinian that blows up a bus a "martyr" only makes matters worse, not better. So what if they host talk shows that provide equal access to all flavors of idealogy in the Arab world?
However, in a similar vien, Iraqi "freedom fighters" are labled "terrorists" by American media. Can you blame the local Iraqi's for wanting a foriegn power to stop occupying their country? Sure Al Jazeera sensationalizes the Bin Laden tape - people in the Arab world want to see it. Does that make them bad? I believe the majoirity of Arab Muslims hate Bin Laden views IIRC. American media sensationalized the toppling of the Saddam statue - which was pretty much a non-event within Iraq and the surrounding countries. (Check out the wide shots of that event available on google images)
Pretty much every media outlet does this to some degree. I find that the BBC does this the least of any of the news outlets I frequent.
For the record, I read about the same stories in world politics on:
cbc.ca
cnn.com
globeandmail.com
bbc.co.uk
english.aljazeera.net
There are 2 Canadian sites in there because I am Canadian. That is my bias.
So, I agree that from a North American view calling suicide bombers heros is inflamitory. I just think of Al Jazeera is sort of a "Fox News" combined with "CNN" for the Arab world. But that is just my opinion.
And that makes it okay? "Shareholders" and society in general need to grow a conscience and learn there is more to success than money. That there's more to LIFE than money.
Quite true, but you can buy a whole hell of alot more stuff to enrich your life with money. For example, time. Each of us has a limited amount of time on this earth, some more than others. If you dont need to trade your time for money (working) then you can spend more of your time with LIFE.
To ignore that money is really the currency of time and freedom is to shortchange yourself time.
Heh, no. It was not Stallman, but he very well could have been!
When I took a C++ course back in 1996, I was writing all my code on a Unix system through the shell. Everyone was, that is how the course was taught, and that is how I got started with Unix/Linux.
However, having come from an English and Biology major background, I was really confused when on one assignment the instructor praised one student who had used some GPL code to complete his assignment, in fact, all most all of the code was borrowed. The instructor told me about how code reuse was a good thing.
Given that he had a big beard, we worked on Unix, and we all had to use Emacs I think you can see which side of the camp he came down on. But before I really understood how code is used and shared (or not as the case may be) I was confused to no end how plagarism was acceptable in writing computer code.
Now that I understand how the GPL works, and why re-using code is a good thing, it makes more sense. Still, if you can do your job by outsourcing your job... well... I almost want to say more power to you.
I guess I don't totally agree with the above statement. But I guess what I really learned is that in school co-operation and simple solutions to problems are discouraged because instructors need to evaluate your performance. In the real world as long as the goal is accomplished, most people generally don't care about the means.
"The Chinese government has yielded to pressure from adult online gamers and exempted them from its online gaming addiction policy. The rules, which went into effect last October, require that after five hours of consecutive play, players cease earning any virtual rewards such as experience points or beneficial items. To avail themselves of the exemption, some 26 million gamers will have to register their real names and identity card numbers with the authorities. The system hasn't proven particularly effective -- minors reportedly skirt the limits by logging onto different accounts or switching to another game after reaching the time limit."
And people were wondering why Chinese players prefer not to frequent Chinese servers. There were the recent (slashdot story) accusations of gold farming, which is possible. Or, the Chinese players of WoW perhaps want to circumvent this limit by playing on an outside server...
Note, I don't know anything about WoW servers within China, and whether they acutally conform to this 5 hour limit or not, but then again, I don't play WoW on Chinese servers either.
Maybe its just the engineer in me, but isn't it possible that we're just observing some other unknown effect. Something so complicated and exotic doesn't feel right. When it comes down to the math we juggle equations around, fit curves, and re-evaluate until the math yields a good approximation. Math juggling is one thing but I don't think there's a strong case for creating a physical entity for it.
Ha! Shows what you know! Clearly this is an interaction between the Phlogiston and Ether, not some engineers hypothisis! Clearly Maternal impression has had quite an effect on you, otherwise you would know enough about Vitalism to understand how the universe works!
Sheesh, some people.
---
(Note: The humor impared should check google)
My final score was 10 correct and five incorrect, for a dismal 66 percent -- my worst showing EVER. Could my job be in danger?
I dunno Robert, with the hit rate you normally have on predictions, I don't think this is a prediction you want in your 2006 list!
kidding right? because sometimes when I am stressed, porn on my comp is a great stress reliever
Yeah sure, unless that pr0n is goatse or tubgirl on your desktop background "helpfully" installed by a co-worker... Unless that floats your boat... Ew...
FTA: Someone with a bit of PR clout must be brought into the picture. But who? Linus? RMS? Cory? Larry? CmdrTaco?
Hmm. Perhaps Slashdot? I have a feeling they are about to get an earful from a bunch of non high profile people. Call it a hunch.
Too bad slashdot is no longer what it once was. I only come around here for the excellent comments now, not the stories themselves.
The minute Digg gets a threaded comment system remotely as usable as this one, it's goodbye Slashdot.
Agreed. And check out my UID. I am a long time slashdot user - and it has been my homepage ever since I registered.
Right. Try telling that to the folks who used to live in Chernobyl.
Beautiful straw man there. Read this: How many died? Oh, and while we are at it, lets compare the number of deaths due to the mining of coal....
I think you will find that Nuclear power (as long as it is not used as a weapon) is considerably safer than coal on the whole.
Forget military use (killing), how would this work as a survivor searching tool (saving lives) after earthquakes and such? I bet DARPA won't let us "private secor" folk make it useful though. You know: "because people could use it for terror and someone might be killed by that terrorist. Save lives wih a weapon - stupid liberals"
Wont let? How are they going to stop people from building their own? Many of the DIY project people will be building these as the specific details become more available - that is nothing to say about the private sector acutually buiding these for Search and Rescue use...
However, having said that I am not so certain if we want slashdot readers to be able to see through walls... EWWWW...
Actually, all meteorites that land (hence the name) are actually cold due to ablation. While the meteor exterior gets quite hot, it begins to ablate, and lose mass due to friction. This keeps the temperature of the main mass nearly the same as it was in space, Very cold indeed. However, as another poster pointed out, the rain was likely red due to iron and not xenobacteria.
The thing is that the nuclear material from these reactors is not THAT dangerous. Sure, yes, it could kill, but if you learn more about nuclear materials, what the biggest risk would be is using the material for a nuclear bomb, not a dirty bomb. The advantage of a dirty bomb is that it is a great terror weapon. Let me clarify that - "a weapon to specifically cause fear, not widespread damage".
The thing is, people have the capability to build nerve gas weapons with the same effect RIGHT NOW - and they have used them - like in Japan. Sprinkling nuclear material over playgrounds would be bad - until it rains. You would need large amounts of very hot (nuclear speaking) material to contaminate an area for a protracted period of time.
I am not saying that it is NOT dangerous, but by the same argument, a terrorist could come along, siphon the gas out of my truck, and use a flamethrower at a playground to much worse effect. Or, mix the gas in such a way as to create a fuel-air explosive and cause quite bad damage at said playground.
Your argument of a consolidated area is probably a good one. The reason people have suggested scattered pebble bed reactors is due to economics of scale. A small reactor could power an industrial plant, without the need for miles and miles of power lines. This consumes fewer resources from an economic standpoint.
Depends on how you use them. Personally I think a pebble bed reactor in my truck would be cool - I could drive it for about 20 years without refuling!
If you read up on them at Wikipedia, and then supplant your knowledge of nuclear physics by understanding electromagnetic radiation, and alpha and beta radiation, you will likely be far less afraid of them as an energy medium. Granted, if you do some things like what happened at Chernobyl, yes, things will go wrong. But in the same vien, lying under your car, and poking a hole in the gas tank with a blow torch is bad... but we know this.
Once you fully understand nuclear power, and how to SAFELY dispose of the waste - and what causes the waste, and then compare that waste to what we get from all the other energy sources around us that we are "comfortable" with, you will find it is not all that bad.
When I was younger I signed a bunch of petitions against nuclear weapons, and against nuclear power as well, I went door to door getting signatures as well. However, now that I understand how it works I am no longer afraid. I am respectful mind you, but I treat Gasoline the same way.
If you read up on how a pebble bed works, you will find it is actually quite safe.
You are absolutely correct. I agree that alchohol is perfect for small consumer devices. It is just not cost-efficent for automobiles whereas hydrogen and/or electricity is.
I personally prefer nuclear power from a area of use perspective - that is, wave generation, wind generation etc take up space, whereas, nuclear reactors could be underground. (Solar could be on every rooftop, I would love to see solar shingles commercially available...)
Suppose we switch to nuclear. Then the majority of radioactive waste will come from nuclear power instead of coal power. THANK GOODNESS, now I can sleep at night.
Nice straw man. When you compare the amount of power generated by coal and the amount of power generated by Nuclear means, you find that for each joule used, coal releases MORE radiation than Nuclear fuel.
Thank you for playing.
http://en.wikipedia.org/wiki/Radioactive_waste
RTFM - Specifically compare COAL which is STILL BEING USED.
Because you did not read Wikipedia - from Wikipedia on Nuclear waste:
http://en.wikipedia.org/wiki/Radioactive_waste
However, the majority of radioactive waste comes from coal power instead of nuclear power, and is released into the atmosphere.
Well, if you combine the real-time motion capture of Andy Serkis as gollum (check it out on the extended extras for LOTR) with the type of motors used in the ASIMO, it can be very smooth - check out this motion: http://world.honda.com/HDTV/ASIMO/New-ASIMO-run-6k mh/index.html Note, I am not suggesting that the ASIMO itself would be a sparring partner, but that the motors can indeed be more fluid than you would expect, the asimo does not have to be mounted, whereas the sparring partner could indeed be.
Solenoids do not need to drive a hydraulic system, they can directly drive the limbs. A solenoid that is severly augmented is known as a railgun, and can ramp objects up to speeds as high as 11 km per second.
Here is an even more dangerous idea.
Forgo alcohol/biodiesel.
Switch to a large number of Pebble Bed Nuclear Reactors like China is doing, and use this energy to run run cars on Hydrogen or electricity.
Believe it or not, Nuclear power is actually CLEANER ounce per ounce than most other energy methods (Try comparing it to coal, for example, which is still currently used, or many other things.) However, most people are scared of it, because they dont understand it.
For those about to reply OMG! Nuclear power ZOMG!!!111!!11One!!! You should perhaps read the wikipedia article.