That's why I like Livermore. A rich guy who knew what to do with money (while he had it). Now take the Sage of Omaha. Third richest in the US while he pretends to be an everyman leading a middle class life.Quote from marketsurfer:
i love it, er ! very very well said !!!! buffett has suceeded in bluffing the public sheep as evidenced by his suporters. for example, he shows the public his little house in omaha, but hides his palatial estates away from public view. what a joke. LOL !
best,
surfer
Buffett Sees Little to Invest In
- Thread starter misctrader
- Start date
FWIW, Buffett ranks no. 1 in the All Time list under the Kelly Criterion (a quantitative measure) ahead of Soros, Lynch, Keynes, Seykota, Dennis and all others.
And he didn't buy tech stocks at the highs unlike Soros who lost $BNs. At the $10BN+ level it's definitely all about wealth preservation. Don't let the fools leveraging the farm tell you otherwise.
Man, "Buffett vs Soros" threads generate as much emotion as "Institutional vs Prop Trader" ones...
And he didn't buy tech stocks at the highs unlike Soros who lost $BNs. At the $10BN+ level it's definitely all about wealth preservation. Don't let the fools leveraging the farm tell you otherwise.
Man, "Buffett vs Soros" threads generate as much emotion as "Institutional vs Prop Trader" ones...
Quote from spyderman:
and just how rich are you guys?
being ultra rich has little to do with intellect. luck plays a major major rule.
best,
surfer
Oh yeah Gates has given Billions of his crappy Miscrosoft software to charity that costs nothing to replicate, yet marked at ridiculous values, hence making him look like a real philanthropist. It's even better when the institutions receiving these great donations, get stuck on a crappy monopolizing OS, hence forcing them to give more and more money to Microsoft down the line.
Things are never as they seem.
Quote from ertrader1:
Buffet is a clown, a silly clown with a lot of money he made back, yes back way back. He has not done much this decaded.
The sheep praise him for missing one of the biggest Bull Markets in history. He sat on the sideline, stating, he does not understand the valuations and there for will not Trade/invest in the tech bull.
BUFFET the silly clown the babyboomers love to follow. Bottom fishing and value investing. Sure buy what Buffet Buys and hold for 50 years.......
And now he is looking to position or has position himself in currency. LOL... which one...the EURO> bwaahhaaaaa talk about over valued and irrational, try the EURO and its smoke screen of growth.
Buffet the silly clown
Look are you all bitter that you cannot invest?
2000 was a trader's market not an investor's one. Buffet IS NOT A TRADER, HE IS AN INVESTOR. Just get that through your head.
Buffet's position in the Euro is against the dollar. If you honestly think that it's not smart to go against the dollar, you have no idea of whats going on in this debt ridden, cheap currency country. Not saying that Euro is what I would play with, but it is only the one currency to move greatly against the dollar.
Quote from marketsurfer:
being ultra rich has little to do with intellect. luck plays a major major rule.
best,
surfer
I'm not preaching Buffet here..but it was Livermore that said the rare trait of a market participant is to being able to sit on their hands when they have a position on and ride that position to where they ultimately thing its going to in the end. I don't think anybody on this planet has more patience than Buffet. Maybe Peter Lynch ranks second in that area. As for long term Surf you should know what I'm saying with your Long Term short on BBI..is that trade luck or brains?
i would have to agree with you that the ability to ride a position to max gain is key. my entire index system is based on this premise. thanks for the kind words about my BBI trade. of course, it was ( is ) total brains at work.