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New York, 9:25 AM
Sun Nov 8
10 posts in the last 24 hours
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06/22/09
06/22/09
06/22/09
05/26/09
05/26/09
ahh so the NYT article was really a hidden iPhone add - less speed, but less pain!
05/26/09
05/26/09
I need someone to find our story from the 1990s when we warned that Playstation, Nintendo, et. al. are ruining kids thumbs. Change it around for texting and get it in the paper for Monday.
05/26/09
05/26/09
05/26/09
How quaint that you think we aren't already there.
05/26/09
05/26/09
05/26/09
04/23/09
04/23/09
04/23/09
04/23/09
04/23/09
04/23/09
Anyway I love Chazzie especially because he openly fights, shushes, interrupts, and torments all the other on-air anchors. It's delightfully awkward and horrific. Fun for the whole family!
04/18/09
Did I miss a period?
.
04/18/09
04/17/09
Guys like me who invest actively can look at stupid runups like we had two years ago and say, "Yeah, this is fucking stupid" and short the living hell out of everything. That's why I booked more capital gains tax over the past two years than I made at work. If you view market speculation as a tool for securing your future, surely you don't think that expressing confidence is always the right move? Get negative, people! Cynicism is a hell of a money-making trait in a human being if utilized properly.
04/17/09
04/17/09
04/17/09
God, stop it. This is how we rip you all off.
Whoops! Too much honesty. Now I'm going to be dragged off by the Freemasons over at Goldman.
04/17/09
That being said, can I join your fuckemfund?
You know, Love.
04/17/09
I don't dispute the wisdom of going negative for professional investors -- but for individuals, I'm convinced it would lead to a lot more total wipeouts than the current system does.
And wipeouts mean lawsuits, which mean an increase in deadweight loss for the economy as a whole (except for bankruptcy and class-action attorneys, of course).
04/18/09
This comment was sent by my fucking iphone, which is paid for by my class action defense lawyer salary and bonuses.
04/18/09
Unless Julia Allison has been posting here as "pufflehuff," which I highly doubt.
04/18/09
If you want a stable economy and no bubbles and catastrophes you won't listen.
If you want a quick million that you will inevitably get stolen or fraudulently managed or pissed away on overpriced real estate or commodity bonds because "Hey I made this million I can make more" then listen.
Also, if you can make that million and just walk away and live on it for the rest of your life listen. So no addictive personalities plz (look around your apt. If you have ashtrays, a coffee pot, enough sugar filled foods to kill an elephant, or just a fat gut because you are too lazy to exercise and thus have endorsed the bear culture because you get to eat as much as you want, sit as much as you want, and have sex as much as you want. DO NOT LISTEN).
04/18/09
04/18/09
04/19/09
Suggesting that index fund investing somehow absolves you from participation in economic bubbles and is a "morally superior" way to invest is ridiculous.
04/17/09
year. What is the difference if I lose a ton of money in a stock that I pick myself or if some suit loses it for me in the form of a mutual fund. Or maybe it would be better if I lose it in the falling equity of the "safer" asset class of real estate. Of course, I can always stay in cash and lose just the value of my money as we dilute our currency by printing trillions of dollars for the Chinese.
Exactly what are Wall Street executives advocating? That I should trust them with my money until they can find the next bubble to create? Let's see. We've had a tech bubble, a real estate bubble, and an energy bubble in just the last decade. At this rate, the average person could experience 23 bubble crashes during his or her life.
04/18/09
If your investment horizon was Jan 1-Dec 31 2008, then you're right, the differences in how your loss was accomplished are probably insignificant to you.
But most people seeking investment advice are looking to the future. And the amount of total risk they're taking makes a big difference to how well different portfolio options align with their future investment objectives and risk tolerances.
Also, I suggest that you might also have the capital-flows issue backwards: The Chinese actually don't want us printing trillions of dollars and thus driving down the value of all dollar-denominated assets, which would materially ding all sorts of asset balances they currently hold. Whatever you think of the direction of US economic policy (and I'm sure you and I share some unease over it), we're definitely printing the dollars for ourselves.
04/17/09