Re:he sounds like many other old-style investors..
on
Irrational Exuberance
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· Score: 2
Coca-Cola, 3M, and other old-economy companies do not have the huge growthrates that companies like Nortel and Nokia show.. Nortel grew revenues 48% this past first quarter. Compare that to Daimler-Chrysler, which grew revenues 17% in the first quarter. Both of these are huge companies, yet Nortel almost triples their growth rate.
Agreed. However, growth comes at a very high cost, namely profitability. The primary purpose of any business is to make a profit. I think the bottom line is, don't panic, invest wisely, be patient, and diversify your holdings between risky companies that show little or now short term profit potential, and more stable companies that have historically shown a profit.
And, if you stand to lose the baby's milk money in the market, you have no business being there.
I agree with the author that much of today's investing is based on "emotion" and "herd mentality". Too many idiots throwing their life savings at the market in a purely speculative manner hoping to cash in on the next great dotcom. I think of the person I know who has a wife and kids, a new BMW and had to borrow $50K from his parents to cover his margin calls during the correction a few weeks ago. I shudder. Is this the "average" investor?
Solar Flares? It's all a cover to mask the imminent alien invasion, backed by United Nation's troops with funding from Micr0$0ft. And of course, it's all being led by Castro, who is using the Elian case to divert our attention. Be warned..
You know, the certification deal does serve a purpose with regard to "MS-centric". If more people outside the Academic world had Apple in their face, maybe their would be an ACSE... It's the comfort factor.. People buy what they know. But as it stands, early adoptors, bleeding edge visionaries, and elegant solutions are usually drummed out of corporate America in favor of the byline.. "No one's ever been fired for buying..". Why the HELL would you want to go to Houston, on buisness or pleasure? At least wait for Dell to follow suit and get yerself a free trip to Austin. Just don't move there...
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Agreed. However, growth comes at a very high cost, namely profitability. The primary purpose of any business is to make a profit. I think the bottom line is, don't panic, invest wisely, be patient, and diversify your holdings between risky companies that show little or now short term profit potential, and more stable companies that have historically shown a profit.
And, if you stand to lose the baby's milk money in the market, you have no business being there.
I agree with the author that much of today's investing is based on "emotion" and "herd mentality". Too many idiots throwing their life savings at the market in a purely speculative manner hoping to cash in on the next great dotcom. I think of the person I know who has a wife and kids, a new BMW and had to borrow $50K from his parents to cover his margin calls during the correction a few weeks ago. I shudder. Is this the "average" investor?
A herd is eventually led to slaughter....
Solar Flares? It's all a cover to mask the imminent alien invasion, backed by United Nation's troops with funding from Micr0$0ft. And of course, it's all being led by Castro, who is using the Elian case to divert our attention. Be warned..
You know, the certification deal does serve a purpose with regard to "MS-centric". If more people outside the Academic world had Apple in their face, maybe their would be an ACSE... It's the comfort factor.. People buy what they know. But as it stands, early adoptors, bleeding edge visionaries, and elegant solutions are usually drummed out of corporate America in favor of the byline.. "No one's ever been fired for buying..". Why the HELL would you want to go to Houston, on buisness or pleasure? At least wait for Dell to follow suit and get yerself a free trip to Austin. Just don't move there...