Good quote ...

countryBoy641

countryBoy641

On this MB, constant back and forth, those who have been in markets for a long time (decades) versus newcomers hoping to turn profitable, and make this their living.
Big gap between these two groups.
And I have never heard of anybody new to trading ask: "How do I build my BSmeter?"

Recent newsletter, "Doomberg, a missive about some Canadian company "Torchllght"
and the ensuing balance sheet razzle dazzle from the torchlight officers.
How could so many investors/traders get scammed by this?
The Doomberg guy ends with this pithy comment:

"In the meantime, let’s have a moment of silence for financial literacy,
a steady friend whose loss is felt only by those who never knew it."

Comments?
 
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countryBoy641 said:
On this MB, constant back and forth, those who have been in markets for a long time (decades) versus newcomers hoping to turn profitable, and make this their living.
Big gap between these two groups.
And I have never heard of anybody new to trading ask: "How do I build my BSmeter?"

Recent newsletter, "Doomberg, a missive about some Canadian company "Torchllght"
and the ensuing balance sheet razzle dazzle from the torchlight officers.
How could so many investors/traders get scammed by this?
The Doomberg guy ends with this pithy comment:

"In the meantime, let’s have a moment of silence for financial literacy,
a steady friend whose loss is felt only by those who never knew it."

Comments?
More...
%%
A BS meter is a bit complex\
bitcons, Bankman Fried fooled + fried a lot.
Penny stocks are a good area for losing money[amazingly LOL they tend to be worth pennies]; even though Tim Sykes did about $ 2 million, as a young man, good hedge fund book[Bull ship press; even though his hedge fund underperformed SPY benchmark]]
Partial disclosure i did profitable trade on HEAR[turtle beach ]stock; but it was waaaaaaaaaaaaaaaaaay past $5 on my trade. WSJ did promote that one a lot, which i ignored for some time.
Time helps \may not help B Madoff\ S Bankman Fried/ but sure helped Kentucky Fried chicken:caution::caution::thumbsup::thumbsup:
 
murray t turtle said:
%%
A BS meter is a bit complex\
bitcons, Bankman Fried fooled + fried a lot.
Penny stocks are a good area for losing money[amazingly LOL they tend to be worth pennies]; even though Tim Sykes did about $ 2 million, as a young man, good hedge fund book[Bull ship press; even though his hedge fund underperformed SPY benchmark]]
Partial disclosure i did profitable trade on HEAR[turtle beach ]stock; but it was waaaaaaaaaaaaaaaaaay past $5 on my trade. WSJ did promote that one a lot, which i ignored for some time.
Time helps \may not help B Madoff\ S Bankman Fried/ but sure helped Kentucky Fried chicken:caution::caution::thumbsup::thumbsup:
More...

OK, until KFC. How does KFC fit in?
I like the movie "Margin Call".
The priincipal (Jeremy Irons) says:
"Talk to me as you would talk to a young child. Or to a Golden Retreiver.
I can assure you, it's certainly not brains that got me into this job."
 
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countryBoy641 said:
OK, until KFC. How does KFC fit in?
I like the movie "Nargin Call".
The priincipal (Jeremy Irons) says:
"Talk to me as you would talk to a young child. Or to a Golden Retreiver.
It's not brains that got me into this job."
More...
%%
Oh OK;
i meant a name like Fried [S Bankman] Fried who fried a lot of people, in finance] , was not an automatic scam name-BS. Kentucky Fried Chicken proves that .
My dad was a bankman or more accurate a good banker man that liked country:D:D
[Good point on the young child; Dave Ramsey still raves about the billionaires favorite book; The Turtle + Hare Child's book LOL:D:D]
 
countryBoy641 said:
OK, until KFC. How does KFC fit in?
I like the movie "Margin Call".
The priincipal (Jeremy Irons) says:
"Talk to me as you would talk to a young child. Or to a Golden Retreiver.
I can assure you, it's certainly not brains that got me into this job."
More...

Irons knocks it out of the park in that role.
I love how that character downplays what he knows in that scene, but can then list all major financial crisis for 100 years off the top of his head:

 
engineering said:
Irons knocks it out of the park in that role.

More...

Big time. And obviously, he's not even an American.
Meaning that, years ago, I was working closely with a guy from UK (HSBC Bank)
He had never been downtown.
I told him that Wall Street was originally
a wall to keep the Indians out (under the buttonwood tree, etc)
He had never heard that, and thought the story was hysterical.
 
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