Dump it Here

[Skate]

For those who haven't seen this cartoon..

The market is not logical or reasonable
The simple truth is that the market is not logical or reasonable. The economist John Maynard Keynes once said: “The market can stay irrational far longer than you can stay solvent.”

 

[Smurf1976]

What the hell is "Fundamental analysis"

Broadly speaking Fundamental analysis deals with financial trend of a company

There's also a more fundamental form of fundamentals.

In the case of Woolworths, for example, that would involve a sound understanding of the business of retailing and investigating WOW and its competitors to see who has the edge when it comes to to running the actual business. It may take time but ultimately the company's financial performance will be a reflection of the business unless they run some side venture which makes or breaks them.

That, in my view, is the most fundamental form of fundamentals. The business as such.

 

[luutzu]

Effort should always be applauded, but care should be taken when rewarding mediocrity, lest it becomes the goal.

I always like a try hard though.

 

[Skate]

There's also a more fundamental form of fundamentals.

In the case of Woolworths, for example, that would involve a sound understanding of the business of retailing and investigating WOW and its competitors to see who has the edge when it comes to to running the actual business. It may take time but ultimately the company's financial performance will be a reflection of the business unless they run some side venture which makes or breaks them.

That, in my view, is the most fundamental form of fundamentals. The business as such.

Revenue flow
Smurf1976, for instance, you may think you know how Woolworths operates, because you buy your groceries there, but can you clearly articulate how one dollar of revenue flows through the business?

Its hard to comprehend
The more you understand how a business operates, the more you'll find that you don't know, but in the process you will become aware of other information, which further improves your understanding of the investment’s risk.

Risk
Trading is all about risk.

Skate.

 

[Skate]

There's also a more fundamental form of fundamentals.

In the case of Woolworths, for example, that would involve a sound understanding of the business of retailing and investigating WOW and its competitors to see who has the edge when it comes to to running the actual business. It may take time but ultimately the company's financial performance will be a reflection of the business unless they run some side venture which makes or breaks them.

That, in my view, is the most fundamental form of fundamentals. The business as such.

Woolworths are bullies
Smurf1976, I could tell you a few stories about Woolworth that would curl your hair. They are in the habit of stiffing suppliers, but not me. They pay me in advance that gives them a line of credit.

Unfair playing field
The smart Investors are like ‘Woolworths’, they want to buy at the very lowest price and sell at a much higher price to make money and if they have to screw the little guy along the way, well so be it.

Skate.

 

[Ann]

I always like a try hard though.

I know English is not your first language so just checking you know what you are saying Luu, I am sure you do!

tryhard (plural tryhards) (derogatory) A person usually of little talent who tries hard to succeed, especially through imitation, usually to gain fame or popularity.

 

[Skate]

I know English is not your first language so just checking you know what you are saying Luu, I am sure you do!

tryhard (plural tryhards) (derogatory) A person usually of little talent who tries hard to succeed, especially through imitation, usually to gain fame or popularity.

Ann, yesterday I posted about Technical Analysis versus Fundamental analysis in the hope you or tech/a would explain to others the advantages of charting & talk about your favourite tool of choice. (if you have the time that is)

Skate

 

[luutzu]

Woolworths are bullies
Smurf1976, I could tell you a few stories about Woolworth that would curl your hair. They are in the habit of stiffing suppliers, but not me. They pay me in advance that gives them a line of credit.

Unfair playing field
The smart Investors are like ‘Woolworths’, they want to buy at the very lowest price and sell at a much higher price to make money and if they have to screw the little guy along the way, well so be it.

Skate.

Smart investors [business operators] wouldn't screw people though.

I don't mean they're to be saintly or "too honest", but if they know what they're doing and are in it for the long term, killing your host will sooner or later get you screwed.

A smart business must always make sure their stakeholders makes money. If they don't, corners will be cut somewhere. And often, the cuts will come back to haunt you and crash your business.

Much like Multiplex back in the days. Screwing their subcontractors; knowing they can't make money on the job but kept pushing for lower prices, hinting they'll get another one to make up etc.

The smaller guys can go broke and that doesn't really matter to Multiplex. But soon enough more critical subbie also goes broke then delay upon delay. Penalty pay; dodgy job insolvent subbie won't fix unless you sue them real hard... went broke, pretty much.

 

[luutzu]

I know English is not your first language so just checking you know what you are saying Luu, I am sure you do!

tryhard (plural tryhards) (derogatory) A person usually of little talent who tries hard to succeed, especially through imitation, usually to gain fame or popularity.

A play on word, I think.

 

[Skate]

Smart investors [business operators] wouldn't screw people though.

I don't mean they're to be saintly or "too honest", but if they know what they're doing and are in it for the long term, killing your host will sooner or later get you screwed.

A smart business must always make sure their stakeholders makes money. If they don't, corners will be cut somewhere. And often, the cuts will come back to haunt you and crash your business.

Much like Multiplex back in the days. Screwing their subcontractors; knowing they can't make money on the job but kept pushing for lower prices, hinting they'll get another one to make up etc.

The smaller guys can go broke and that doesn't really matter to Multiplex. But soon enough more critical subbie also goes broke then delay upon delay. Penalty pay; dodgy job insolvent subbie won't fix unless you sue them real hard... went broke, pretty much.

luutzu, first off, I understand where you are coming from & I agree with you but some business don't play fair or by the rules.

1. A business doesn't have a heart.
2. Bigger is not always better.
3. When there are negotiations involved - it's not a level playing field.
4. Human nature - people are motivated by money.

Skate.

 

[Skate]

Smart investors [business operators] wouldn't screw people though.

I don't mean they're to be saintly or "too honest", but if they know what they're doing and are in it for the long term, killing your host will sooner or later get you screwed.

A smart business must always make sure their stakeholders makes money. If they don't, corners will be cut somewhere. And often, the cuts will come back to haunt you and crash your business.

Much like Multiplex back in the days. Screwing their subcontractors; knowing they can't make money on the job but kept pushing for lower prices, hinting they'll get another one to make up etc.

The smaller guys can go broke and that doesn't really matter to Multiplex. But soon enough more critical subbie also goes broke then delay upon delay. Penalty pay; dodgy job insolvent subbie won't fix unless you sue them real hard... went broke, pretty much.

"FM Radio Station"
luutzu, I forgot to mention why people do what they do - it boils down to an "FM Radio Station" I listen to all the time.

"WIIFM"
Well it looks & sounds like a FM radio station but its an acronym that motivates nearly all decisions. (including yours)

WIIFM = Whats In It For Me

Skate.

 

[luutzu]

luutzu, first off, I understand where you are coming from & I agree with you but some business don't play fair or by the rules.

1. A business doesn't have a heart.
2. Bigger is not always better.
3. When there are negotiations involved - it's not a level playing field.
4. Human nature - people are motivated by money.

Skate.

I agree with you about human nature, and the nature of (most) business operators.

But to think about your supplier, your customer... it's not always for altruism or charity. Often it's just good, profitable, business practice.

I mean, being fair to people doesn't mean they'll return the favour of course. Being fair doesn't mean being taken for a ride either. It's one of those places where nobody get screwed.

Business are run by people. Whether it does the right thing or not depends on the person running it.

 

[luutzu]

"FM Radio Station"
luutzu, I forgot to mention why people do what they do - it boils down to an "FM Radio Station" I listen to all the time.

"WIIFM"
Well it looks & sounds like a FM radio station but its an acronym that motivates nearly all decisions. (including yours)

WIIFM = Whats In It For Me

Skate.

Yea, human are by nature self-interested. That's fair enough.

Just the smarter ones knows that it's in their interest to not bankrupt the host, destroy their reputation, screw the wrong kind of people who know people who can come knocking.

I've seen examples of people doing the right thing, went out of their way... and get screwed for it. Also examples of jackazzes taking advantage of people and doing very well, for a while.

Like Mencius said, it is to your interest to always be honest and good. For one, when you are honest and good, the bad will fool and take advantage of you... you may know they're trying to do it, so you won't let them; you may not know it and so will learn from it. Most important, in experiencing the dishonesty of those around you, you will stay clear of the dishonest.

Staying clear of azzholes is beneficial.

Two, in being good and honest you attract like-minded people.

TO be clear of scoundrels and surrounded by good people, is that not a benefit?


Not a lot of young people read philosophy. It's as though it won't get them a proper job or something

 

[Smurf1976]

Just the smarter ones knows that it's in their interest to not bankrupt the host, destroy their reputation, screw the wrong kind of people who know people who can come knocking.

There are examples of deals in the energy industry which are very much mutually beneficial.

We'll work with you if you work with us and we'll split the benefits.

I can't give out the names but such deals exist certainly. Separate companies, finite resources, taking a combined look at how best to do things for mutual benefit.

 

[Skate]

Yea, human are by nature self-interested. That's fair enough.

Just the smarter ones knows that it's in their interest to not bankrupt the host, destroy their reputation, screw the wrong kind of people who know people who can come knocking.

I've seen examples of people doing the right thing, went out of their way... and get screwed for it. Also examples of jackazzes taking advantage of people and doing very well, for a while.

Like Mencius said, it is to your interest to always be honest and good. For one, when you are honest and good, the bad will fool and take advantage of you... you may know they're trying to do it, so you won't let them; you may not know it and so will learn from it. Most important, in experiencing the dishonesty of those around you, you will stay clear of the dishonest.

Staying clear of azzholes is beneficial.

Two, in being good and honest you attract like-minded people.

TO be clear of scoundrels and surrounded by good people, is that not a benefit?


Not a lot of young people read philosophy. It's as though it won't get them a proper job or something

luutzu, “you are who you associate with”

And from my experience it’s been proven to be true 100% of the time.

Skate.

 

[luutzu]

luutzu, “you are who you associate with”

And from my experience it’s been proven to be true 100% of the time.

Skate.

But what to make of people who associate with different groups of people separately?

I know a few people, well, not know them... heard of them... who keep a few circle of friends, all separate.

There's the work friends they're chummy with and from the same socio-economic order; the old school, riff rafts friends they're stuck with.

So Xmas are celebrated 3 times a year.

But I'm just complaining 'cause I couldn't invite one friend to a party even if I wanted to.

 

[Smurf1976]

luutzu, “you are who you associate with”

I certainly agree that people do take on traits of those they associate with.

Not actually become them though, just take on certain traits.

.....because if I had actually become the people I associate with then among other things I'd be able to safely fly a 737, play guitar and catch fish. In practice I've never tried the first one and am no good at the other two. I would also be tall, short, slim, fat, gay and straight all at once.

 

[Darc Knight]

While I agree most people are self interest by nature, I think it's in everyone's self interest to be a bit less self interested lol. When we do good or help good people we are creating a better culture or society which is in our self interest.

I also find people with sociopathic tendencies hate that philosophy, as they feel threatened by it.

 

[tech/a]

So I looked at the Groups I keep in contact with socially.

Long term friends---from a wide variety of walks of life from both men women and couples.
These close friends all enjoy the things we enjoy. Some not to the extent we do. But all have
very similar life values and characteristics.

Business--other business owners who are good friends but have a vast array of interests many are of no interest to myself
and as such while some are long term friends others are more distant where we catch up maybe 6 x a year.

Sport.
All are younger than I most people my age don't partake in any sport let alone full contact sport.
A very diverse group of great people who have a very wide range of views and values. Some mine
a lot not really. I'm treated with a great deal of respect both on and off the mat, just as I do them
I'm surprised at how often we are invited to join the younger people we know.

Have my groups had an impact on my life in the past and now.

Most definitely and some people very specifically.
Some of their quotes Ill never forget.

Go where the Money is and Go there often!
Do something about it.
There are 7000,000,000 fish in the ocean--go fish.
Life changing decisions should take a little longer to consider.
Climb ladders and cross bridges with least fuss--you may need to climb back down or go back across.
Radical change brings radical results!
There will always be someone tougher than you.
If someone threatens you or your family and friends---hurt them.
The effort you put into life now will materialize as reward much later.
Anyone can be a bum--look around at the 1000s of bums.
Life wasn't meant to be easy---for everyone else!
One opportunity can change your life---take as many as you can.
Go forward and create beauty---never look back at the ugliness.

From me to you.
Life is a fluke YOU will never be this way again in this time with these people---don't waste it!

 

[Skate]

So I looked at the Groups I keep in contact with socially.

Long term friends---from a wide variety of walks of life from both men women and couples.
These close friends all enjoy the things we enjoy. Some not to the extent we do. But all have
very similar life values and characteristics.

Business--other business owners who are good friends but have a vast array of interests many are of no interest to myself
and as such while some are long term friends others are more distant where we catch up maybe 6 x a year.

Sport.
All are younger than I most people my age don't partake in any sport let alone full contact sport.
A very diverse group of great people who have a very wide range of views and values. Some mine
a lot not really. I'm treated with a great deal of respect both on and off the mat, just as I do them
I'm surprised at how often we are invited to join the younger people we know.

Have my groups had an impact on my life in the past and now.

Most definitely and some people very specifically.
Some of their quotes Ill never forget.

Go where the Money is and Go there often!
Do something about it.
There are 7000,000,000 fish in the ocean--go fish.
Life changing decisions should take a little longer to consider.
Climb ladders and cross bridges with least fuss--you may need to climb back down or go back across.
Radical change brings radical results!
There will always be someone tougher than you.
If someone threatens you or your family and friends---hurt them.
The effort you put into life now will materialize as reward much later.
Anyone can be a bum--look around at the 1000s of bums.
Life wasn't meant to be easy---for everyone else!
One opportunity can change your life---take as many as you can.
Go forward and create beauty---never look back at the ugliness.

From me to you.
Life is a fluke YOU will never be this way again in this time with these people---don't waste it!

tech/a what a great post, the gems needed to be repeated..

GEMS
Go where the Money is and Go there often!
Do something about it.
There are 7000,000,000 fish in the ocean--go fish.
Life changing decisions should take a little longer to consider.
Climb ladders and cross bridges with least fuss--you may need to climb back down or go back across.
Radical change brings radical results!
There will always be someone tougher than you.
If someone threatens you or your family and friends---hurt them.
The effort you put into life now will materialize as reward much later.
Anyone can be a bum--look around at the 1000s of bums.
Life wasn't meant to be easy---for everyone else!
One opportunity can change your life---take as many as you can.
Go forward and create beauty---never look back at the ugliness.

tech/a say
Life is a fluke YOU will never be this way again in this time with these people---don't waste it!

I say
"Don't waste the dash" (1953 - ?)

My ambition
I'm planning to live forever - So Far So Good..

Skate.