31–40 of 72 posts
The article was good, but the personal life stuff was a waste of time. The message is clear - don't be afraid to see what others are blind to.
Earlier quoted context omitted.
I don't know if I quite agree with that. If you look at a lot of value investors / contrarians, you will see that a good number of them were exposed early on to the kinds of irrational thinking that can occur with crowds. I think these experiences make it much easier to take the approach where you go buy something that everyone else hates. Buffett grew up when the Great Depression was still fresh in people's minds. C…
George Soros had to hide from Nazis as a child. I hardly blame him for having to hide, but did he have to go out and help confiscate the property of his fellow jews? Couldn't he have stayed home? Not to mention that he's been convicted of insider trading. http://www.google.com/search?client=safari&rls=en&q=... KROFT: (Voiceover) You're a Hungarian Jew... Mr. SOROS: (Voiceover) Mm-hmm. KROFT: (Voiceover) ...who escape…
Survivor bias: If I let hell loose on enough monkeys to bet on financial market before the bubble bursted, some of them would eventually "beat the wall street" and "forsee the burst" and earned themselves interviews, book deals and recognition. The monkeys could have a chance to talked about their models then.
Did you even read the article?
Just to add: lots of people also bet against bubbles at any point of time of the bubble. But they were forced out of business before the bubbles could even burst( "Market can remain irrational longer than you can remain solvent"). Only a handful survived and we thought that they have special skills or magic formula.
You underestimate the element of luck in the world of investment.
No one would have listened to his warning, and indeed his investors didn't like hearing it. Burry is not the bad guy in this epic catastrophe.
A very compelling read.
these 3 guys alone have been crying day and night since circa 2000-2005 about the bubble and ways to make money on its collaps (buy gold, silver, oil).
Myself, little schmuck, sold paid-off car in '07 to buy gold. It has been obvious all day long like 2+2=4. I mean, unless somebody got brainwashed by US "free media". Then they're lost.
So, what's next? Hiper-inflation of course. 6packs will be caught by surprise again just to read articles after all about 32-year old "doctors" who "beat Wall Street". :-)))
So far made 100% profit on my gold. What crisis?
these 3 guys alone have been crying day and night since circa 2000-2005 about the bubble and ways to make money on its collaps (buy gold, silver, oil).
Myself, little schmuck, sold paid-off car in '07 to buy gold. It has been obvious all day long like 2+2=4. I mean, unless somebody got brainwashed by US "free media". Then they're lost.
So, what's next? Hiper-inflation of course. 6packs will be caught by surprise again just to read articles after all about 32-year old "doctors" who "beat Wall Street". :-)))
So far made 100% profit on my gold. What crisis?