Michael Moore Kills Capitalism With Kool-Aid

Quote from loza:

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That's your response to my review? I think we can both agree that for us to debate is silly. You have attached yourself to that message. I clearly don't.
 
Quote from jack hershey:

So you ask" Whats wrong with this, more or less?" You are, is the answer.

We are all free to be immune and, then, to spend our time helping others.

Learning is the first step; try it sometime.
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I don't understand your message either. Are you saying you like my review, like Moore's film or something else?
 
Quote from Midas:

Here is the Milton Freidman You Tube link where Freidman makes Donahue look stupid.

http://www.youtube.com/watch?v=76frHHpoNFs
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I wish he would debate Chomsky. Mr. D is a talk show host and Milton debating him is like Mike Tyson fighting my 4 year old.

You wanna see a verbal exchange catch Chomsky destroying Buckley. Now, that's an even fight.
 
Quote from Trend Following:

I don't understand your message either. Are you saying you like my review, like Moore's film or something else?
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I'm not much of a messenger. 4 out of 5 do not agree with me, either.

For me and a few others, your review and Michael Moore's movies are not important.

But there is something else. I mentioned dealing out of principle and helping others. One of the small results is econometric downside immunity AND the opportunity to help others in a non commercial or self-serving manner.

The something else is a Karma and Dharma thing. The circulation of gifts, stops when givers are not given anything by others.

Here is a gift for you: markets operate under one pattern. This pattern of trending applies to all fractals in all markets. As a color pattern in volume and price the pattern is either B2B 2R 2B or R2R 2B 2R. The two patterns alternatively overlap to form a cycle. Three legs for price and alternating peaks and troughs (two each) for volume. You have never seen it as yet. Pass it forward to others. Maybe someone will draw you a picture as their way of passing it forward to you. Do not commercialize it; just give it away as it was given to you.

B2B 2R 2B to R2R 2B 2R to B2B 2R 2B. It is called trendfollowing.
 
Quote from jack hershey:

But there is something else. I mentioned dealing out of principle and helping others. One of the small results is econometric downside immunity AND the opportunity to help others in a non commercial or self-serving manner. The something else is a Karma and Dharma thing. The circulation of gifts, stops when givers are not given anything by others.
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Can you stop beating around the bush and be specific about your criticism?
 
Quote from jack hershey:

This is a vendor thread from an OP who vends Books and DVDs.

I am biased. The only time I ever called a publisher was in response to reading a handed down copy of "Trendfollowing".

I am an amateur trader and I have been employed as an expert in several and diverse fields. Among other places, Washington has been part of my experience. I count a few of the current players as personal friends.

I read the thread and there was a question in the second post: the question reads: "Where am I wrong?"

I assume the question was rhetorical from reading the rest of the thread.

So now I will go off topic and comment on the global economic milieu. Most people try to live lives that follow a family oriented plan but families are dynamic and every so often, there's generational change. Also as time passes the world changes in perspective regarding human relationships.

Now, we are in a time when where a lot of human limits have been tested and what I call "the innocent" get to go through an adjustment. A depression mentality more or less came and went and another cycle will now occur.

There is something that underlies the human potential. Some people are never called upon to examine this. For those that do, they get "immunity" for life and in a way that does not harm others. Occasionally, people do step up to help others as well. Usually it stems outward from families, relatives and friends. Money is very useful for helping out others.

My father was very dissappointed in me. He had a "work ethic" and I was born in the Depression (1933). I get to view things from my perspective and I have extinguished his orientation from my viewpoint. I didn't "work". But I did operate from principle. The SEC citations were kind of difficult to understand because I believed the regulators were knowledgable for a while in my life. At EOP, I found out how the Chairman of the Board of CBS felt when he was deposed from being head of the volunteers of the WIN program. THE GPO printed gas rationing stamps in that era. Shredpac Corp got the contract to shred them up.

So abuses are being corrected by the econometric aspects of a global economy. The innocent are being affected slowly but definitely. Others who are perpetrators will be affected too. Most people will be "know nothings" and do what they can to fit in in the way they can. A room full of people viewing a film happens.

If a person is not empowered, then there are no consequences. That has been pointed out. I got a one pager today. The five largest service organizations are beginning to look at a business plan for working cooperatively on the most significant youth problem in the world. The one pager was a response to me on an initiative.

Vendors are dealing with the Michael Moore niche. They get in airplanes and meet to carry forward their operations. I contribute to helping people become immune to this vendor oriented stuff. I can go steps further and add continually immumization to others. Organizations with purposes help to do this. By not keeping money, I get to put it in places that are leveraged. By teaching people to fish, I create more nets for money that, in turn can be handed out to those who have needs.

People don't do films on this kind of thing, they do not write books, there is nothing to sell when people operate on Principles and are helpful to others. I did books on institutionalizing solutions to problems. The copyrights and royalties were given to not for profits.

Pete Peterson is an example. He is ex CEO of Lehman and the ex SOC. His little foundation is run by the ex head of GAO (Dave walker). A billion dollars is involved in the foundation. He has breakfast at the Links Club off Central Park to chat with people who help others. Pete knows what is going on and he does the walk. He is knowledgeable and uses money to fix busted things. He has no torch; he just plows the soil to cause seeds to grow where he plants them.

5% of capital an hour is the going extraction rate of capital in markets. Most capital is not being extracted to tranfer it to a better and more useful place. The market capacity is very limited in the markets all over the world. But it is there and being tapped.

Lets say a person chooses to be helpful. He gets equipped with knowledge and skills. He applies capital to extract capital from any market any where in the world. Then, he puts the capital to work to help out.

Rockefeller is spending 3 mill at Hinckley to replace his Hinckley powerboat. He also paved the roads (his dad did) at the local park where people can drive to the top of Mt desert Island to see the bay around Bar Harbor. If his flag is up it means he is in residence. You can sail by and he will wave. Eat a lobster to help out the local economy there.

Understanding the global econometric model is very helpful. Look at Yunus's banking efforts. He is a world wide influence and his loans are always paid down. He turns over 100 of millions of small loans all over the world monthly. His salary? It is paid and it is small. All of his employees are terrific people and there is very little corruption; their goal is to give a small loan to someone who needs it to get started in life.

So you ask" Whats wrong with this, more or less?" You are, is the answer.

We are all free to be immune and, then, to spend our time helping others.

Learning is the first step; try it sometime.
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:cool:
 
Quote from Trend Following:

Can you stop beating around the bush and be specific about your criticism?
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Trendfollowing and economics is not your forte. Probably, it is a matter of education and background. Michael Moore is a documentary film maker with a purpose to make money in that industry. You did a documentary as well that is in the form of a distributed DVD. The teasers, etc were typical of the whole production you did. What was it anyway?

My specific criticism is that you are out of your league in trendfollowing and economics. I have a basis for my criticism. My personal experience in these fields as a problem solver and specifically, removing non performers at EOP.

There is a difference between ideals and principles and the practices of people. There are very few whistle blowers on the current situation and there are fewer people who are capable of dealing with blown whistles.

It is important to use the self interests of principled people to solve problems of our culture. It can be done as for profit free enterprise or not-for profit help programs. The US does guarantee some rights as well.

You like anyone else are starting small and you are not able to continue without moving around from place to place. It is a quality assurance issue raised by your benefactors so far. If you are going to work a given turf, get educated first. If you can get educated by some reasonable standard, then operate from the pertinent principles only.

I have empathy for you. Many people see the books you publish.
your publishers are driven by potential book sales apparently. Michael Moore is selling a message that is constructed from an very incomplete fabric. You do the same.

Think of the financial planners who take money from people and give them advice. This group is under performing in regard to protecting clients. You do the same as they do topically. I know you do not see yourself as an authority of practicioner. But your products convey that you might know something about what you write about when in fact you do not.

Did you expect Prentice Hall to correct your manuscripts? Was your opjective to just make a hodge podge of trendfollowing by promulgating the myths of the financial industry? It looks like Prentice Hall accepted and published your stuff without a peer review process.

Trader's Monthly was short lived because it didn't have pithy content of anything really of substance. Conde Nast's Portfolio went the same route.

I was startled to read that you moved your money around recently. Do you tell people you move your money around?
 
I have never appreciated Jack Hershey's posts on trading - I have never been able to fathom what he was talking about. Perhaps that is my fault.

I do however applaud his weltanshauung and have come to feel very much the same way over the years. I find it sad but inevitable that posts such as mine above and Jack's are treated with derision. That is how the world has become what it is. There is no chance for a better world until attitudes change. Well said Jack - I applaud you. I wish more people thought in the way you do.
 
Quote from jack hershey:

Trendfollowing and economics is not your forte. Probably, it is a matter of education and background.
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Looking at Mr Covel's website today reveals the following commentl:

"Occasionally, someone trying to promote something or start a debate will argue that trend following rules must always change due to changing market conditions. This is nonsense. It is a specious argument."

One has to assume that Mr Covel’s (presumably sincerely held) convictions are behind his continued promotion of the original Turtle trading rules. If Mr Covel were to trade or back test those rules for himself, he might observe that such rules need “change” in order to adapt them to today’s markets.

Mr Covel also appears quite unaware that a perusal of the freely available disclosure documents of leading CTAs reveal that their systems are under constant change and adaptation over the years. The same basic idea might remain, but to claim there is no change is inaccurate.

Let me be quite clear here: I am not throwing an insult at Mr Covel. I have read a statement on his website which I believe is wrong. I am stating my view in a polite and I hope inoffensive manner.
 
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