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"The Money Game" by Adam Smith is an eye opener. This is a book about the market of the 60's, but it applies to any market. It shows that nothing is new. The chapter on accounting could have described Enron perfectly. If you're a young trader (say under 35 that's only seen a bull market)...

Jim isn't a good short term trader. He's said that himself numerous times in interviews. I imagine any money lost in the internet bubble was more than made up for in commodities and emerging markets. You've got to figure, if his house is worth $15 million, his net worth must be in the...

I saw all 3 parts. Probably the best thing I've seen on TV all year. Buffett's life is just extraordinary. Not only is he extremely successful, but he's got such a richness to his life. I think that gets glossed over in all these "Trade like Warren Buffett" books and articles and this...

Copper is in the biggest bubble in the last 30 years. http://www.mrci.com/pdf/hg.pdf If you go the other way, recognize: -It will have violent moves both ways. Don't play if you can't handle it. -If you go the other way, you've got to have some patience (I'd say a 12 to 18 month time...

He's been one of the most successful guys in the past few decades on Wall Street. He made a fortune in the 70's with George Soros. He made some great calls in the 80's (bought bonds at the bottom in 1982, exited stocks before the '87 crashed, predicted the Japanese crash). He made a fortune in...

Here's my biggest secret....... -It'll keep you out of trouble -It'll make you more money -It'll make your trading much easier The magic secret is the word "because". I bought this stock/option, whatever....because of _____. That blank better be a hell of a good reason. If the...

I think it's actually worst than the media potrays it. Compare the average families quality of life in '87 when he joined the fed, with average family life now. No one that I know in the middle class can even think about putting 20% down on a house here in Cali like they could 20 years ago...

The fundamentals and the stock price are two completely different things. If GOOG's earnings aren't stellar and literally "greatest ever", the stock could be putting in a major top (head and shoulders).

These quotes are just too much, LOL. "Only" 43% bought homes that they really couldn't afford. No biggie. All these real estate guys remind me of Elaine Chow, when she use to spin the employment numbers for Bush. She was a master at it. I wonder how they'll spin it when people start...

The master?? More like the master of disaster. He's left behind a huge mess for Bernanke and future FED chiefs to clean up. The average family is just BARELY, barely, making it right now. If it wasn't for this massive credit bubble, you know we'd be a in very deep recession by now...

I'm suprised that more news stories don't report on this, but what if there was a slowdown in consumer spending? As savings go up, car sales will inevitably slow, and that could tip them into bankruptcy. They were very lucky, that post 2000, Uncle Al kept the economy afloat, and car sales...

Trying to copy Buffett is like trying to copy Tiger Woods. It's silly to think that the average person can replicate his discipline or his business acumen perfectly. But he's still got some great wisdom that the average person can use. His mindset is what's valuable. He could start tomorrow...

Now we're getting close to the mirror opposite of the spring of 2004. It has gone full circle. http://news.yahoo.com/s/ap/20060102/ap_on_bi_ge/florida_agriculture "Nobody has seen this level of devastation for about 16 years," Time to start taking money off the table if you're still in...

I've been very, VERY tempted to start shorting Goog around this $100 billion market cap area. Haven't done it yet because I know you can't short just because something is overpriced (could get more overpriced!). But it'll stay on my radar. The positives are.....they have a monster brand name...

Somewhere in the 20's, you figure out that there might be better opportunities elswhere at the moment. Tons of oppportunity in a $10 trillion economy....no sense in beating your head against the wall for no reason. Given the amount of time involved, your goals, your capital base, and your...

EMH goes against common sense, IMO. People rise to the top in any profession. Everyone knows the rules of golf. You just hit a ball in a hole. No one has any great physical advantage. Every market participant has the same information. There's only so many ways that you can swing a club...

It's entertaining, but I can't see it becoming a long term success (being on for the next 3-5 years?). At some point, they'll start tinkering with the format. They'll lose the sound effects or the chair throwing antics. The initial excitment will wear off. Viewers won't get the performance...

I've been enthusiastic about Rogers for a while now. Obviously, he's not perfect and he's made mistakes....but he's made more money in the market than 98% of everyone else out there. I've saved alot of his past articles and commentary. Its really suprising that he could be caught up in this...

Besides SS recipients, the working poor get completely run over with these false inflation numbers. The minimum wage doesn't even keep with the "official numbers". To say nothing of the real numbers. It's been stuck at $5.15 an hour since '97. And we know where prices have gone since then. I...

In todays LA Times, there's a front page story in the business section about the big CPI jump. When I saw the part about the "core CPI, which strips out volatile food and energy costs", I almost died of laughter. I can't believe in 2005, they are still using this. There's not a single person...