Daily Archives: June 3rd, 2007

this follows along the lines of that famous “if it aint broke dont fix it” saying.

and it kind of spans a whole range of topics, and is applicable to just about any field.

the concept of old school appreciation is hardly about falling in love with the nearest antique coffee table and humping it to death,…. thereby adding even greater value by the scratches that resulted from your humping.

neither is it about appreciating something just for the sake of appreciation.

and its not about people who want a certain villages ‘ethnic traditions’ to be maintained just so they can go on holiday somewhere without a starbucks or a macdonalds.

this has more to do with fundamental fundamentals.

looking at the market:

it started off as a place where companies can go, offer a piece of themselves, and get money for expansion in return for a share of their profits. so fundamentally its a place for investors. it was never intended to be the apparent casino that alot of people treat it as.

and if you look at the most successfull people on the market over the past couple hundered years,…. you’ll find that they are all, at their hearts, investors.

as opposed to traders.

sure there are traders who came and went, made money on the price difference alone without really knowing what the company does. but these guys are few and far between. their success is a result of years of hard work, innate skill, a whole boat load of luck, with a healthy does of insider information perhaps.

and they were smart enough to know how to exploit a system and work a market in a manner that suited their characters. more imporantly, they were smart enough to step aside when the time came.

nevertheless, statistics from brokerage houses still suggest that 95% of all market participants lose money.

so with only a 5% success rate you might as well try out for american idol.

it’ll probably be easier on your ego to get cussed out my simon cawell, abd cheaper too :P

when you own a business, you dont think about how much its worth every second and whether or not you should sell it incase the price goes down when you come back from your toilet break. neither do you do that with your house.

but thats what 95% of everyone does in the one place designed to offer a piece of a business to the public. hence the statistics.

and it gets worse, they wind up spending thousands on hi tech pc’s and broad band to ge tthem the absolute latest! some even go so far as to move to NY or wherever their exchange is just so they can get the feel before anyone else does around the world,….. cos afterall, the reason they arent any good at this is because of all those things,…

my pc sucks, my broker sucks, my bank sucks, my chair sucks, i’m too far from the street, people get news before me, my broker is too slow, my broadband is not fast enoughmypissbreakstaketoolongaaaAAArrghh!

THE TIME IT TAKES FOR THE LIGHTWAVES TO REACH MY EYES AND TELL ME TO BUY IS TOOOOOOOOOOOOO LOOOOOOOOOOOOONG!!!!

when buffet is 80 something, lives in omaha, which is god knows where,…. oh and has glasses,…. so the lightwaves are slow and would bend :P

wall street wasnt designed to be las vegas. las vegas was designed to be las vegas so bloody go to las vegas,…. atleast you’ll have some fun and maybe take in a show :D

so if you get to the fundamental fundamentals of what ever it is you are doing, then you’ll have a bit of insight that others might not.

in other words, an pc does not make you a better writer than someone with a typewriter,…… it just means you can print out more garbage faster (  like this blog :D )

a stradivarias wont make you a better violinist.

a ferrari does not an F1 racer make. nor does it make you a jetsetting playboy as the case is with 99% of the ferraris on kuwaits streets.

see even ferraris are not designed for the young.

they were designed for the older generation, for when a couple can zip around the south of france in their golden years which is why theres only 2 seats, and the old dude can atleast show that hey i might not be as fit as you 20 year olds but i have a bloody ferrari :D !

oh and it was also designed for the 20 year old blonde bimbos,…. so atleast they get something out of haveing a relationship with their 50 year old balding boss. atleast they get to arrive in style.

and its also why chicken burgers, while they may taste great, they never give you the satisfaction of a real beef burger.

dont get me started on the sacrilage that are veggie ‘burgers’.

if you dont want a bloody cow, go eat a carrot, just dont dress it up like a cow!