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Outliers really was a good book. I listened to the audiobook from start to finish after someone mentioned it in this thread. There's no way in hell a lot of people today would be rich if it weren't for the result of criminal actions by their family in the past. This isn't to say becoming...

Best answer yet.

Because unemployment will only get worse. GM just sent out pink slips to white collar employees. GM goes, supply chain goes, and we're looking at 3mil+ more jobs gone. There's a consumer spending contraction in place. Second, if China does start to move to kill the dollar, the cost of...

No! His comedy is what makes the drudgery of most days tolerable!!

One more thing, this guy (SPG) is overvalued because the company announced it was issuing more shares at $31.50. IMO, $31.50 is still a pipe dream. These guys are -screwed- in 2009, and this is on top of their dilution that they've pushed. All the people who received their shares as a...

Disclosure: I shorted SPG way too low and am eating a small loss, but today the S&P was rallying and SPG was not moving with it towards the second half of the trading day. Institutional sellers moved in and cranked it down a notch and it's moved back towards the upper end of its trading...

Commercial real estate, it's all about commercial real estate. They are going to get wacked and get wacked hard.

Agreed, but perhaps the move is exaggerated because the new plan changes the game for the financials. The non-financial sectors should still be fundamentally sick.

I am serious, and it's not just me. On a macroeconomic level, the idiots (possibly including me) have to try and maximize their potential. At one point it was manufacturing jobs, then real-estate, and now? Now what? The answer to the "now what" basically tells you where everything is headed...

A few years ago, the "idiots" in the middle class were trying to get jobs as loan officers and mortgage brokers. Real-estate agent was another choice. What's the option now? Repo-man? Debt collector?

Don't get why consumer spending will rebound on account of more lending. More unemployed people, more people with wrecked credit, and more foreclosures on the way [mortgage resets.] If spending doesn't increase, it doesn't matter that the financial sector is back to normal. Don't forget...

Some background: I once had an interview where the guy basically told me I was an idiot and should never be near finance. Technically speaking, I'm very educated. But we all know this means nothing, as there are educated fools everywhere. I may actually -be- a total idiot, and am willing...

We all complain that stupid people don't realize they are stupid. Well, suppose there is a man who is stupid and he wakes up one morning and realizes he is stupid. He's been faking competence with random success [i.e., he fools other stupid people some of the time, fails to fool other smart...

How do you become a king of a nation in pre-renaissance Europe? Do you provide a product? Do you innovate? Or do you just become the most successful looter and strong man around?

Well, I for one, will be attending his seminar next month that he is charging $5000 for. You just don't get insight and analysis like this anywhere. stock_trad3r is the whole reason I even bother to visit ET.

k i will follow ur advis3 exactly but you forgot to post your equations this tim3. plz post math quations.

I'm a fool who shorted the bottom. For shame; however, I still maintain that this is a bear rally and that it will come tumbling back down. We already played this game before -- +900 points, and then we came back down on a hard fall. Government props up the market with some news, and then the...

No he isn't. The various royal families got to where they are because of thuggery, not because of innovative vision.

This is painfully true. The safe road is buying the RV and dropping out, but the risky road is taking on, well, risk. I guess in my mind, I liked having the RV paid for so there's no ultimate risk -- always have roof over my head. Perhaps if I get the RV first, nullify the fear of...

Do you think Paris Hilton has vision? The way I'd look at her is like this: Her connection to family brought her closer to someone else with wealth who decided to spin her off as a sex symbol. She makes millions. I see women who aren't wealthy who are truly, truly beautiful. I mean, the...