Really? He left Home Depot in 2007.
Warren Buffet - Is it possible to get access to the similar information that Warren Buffet has ?
- Thread starter etradeqeko
- Start date
You have NO IDEA the impact that guy left on the company. Indelible. Permanent scarring. Trust me. It is one of the reasons why everyone who works for the shitty orange box is so miserable. What the head of a company does can resonate for years and years and years.
too much hard work to come out ahead in a zero sum game.
I sound like a nay-sayer but I started out as a day trader around 2000 and made some money shorting the tech bust.... imo day trading is only worth it when you have super high volatility and everybody is going for the exit and there is no question in the direction... then you can leverage up to make a killing and not worry about overnight risk.
in a bull market, half the gains happen overnight, you leave too much on the table... and there is really no over night risk to speak of... the bull doesn't turn around on a dime.
with this red hot economy/job market, there are so many ways to make some easy money... be a programmer, do some consulting, do head hunting... so much money out there... and if you have surplus, put all of them in QQQ.... let Cook and Pichai and Bezos make you rich.. let the smartest guys in the silicon valley work for you.
that is the low hanging fruit... the smart way to riches.
and it's not mutually exclusive with trading... do swing/position trades, and make a few dozen points at a clip....that's how big money is made.... pathetic to go for a few ticks at a time.
We Trust you..so what dept do you work in? Why’d they get rid of the hotdog stands out in front?
You actually make sense.
Thanks.
welcome...
I posted this before somewhere else...
the closest analogy to the market, is the ocean.
- there are predictable moves - the ocean current is one... the equity market has an upward drift.. this is something you have to ride;
- the tidal waves are also predictable - so is the earning/seasonal cycle;
- the storms cause major ocean moves - so do the news cycles to the market;
- but the random ebb and flows - that is noise, not tradable... when you stand in waist high water at the coast, how do you know you will be hit next by an incoming wave, or by a undercurrent?
so, the market is NOT fractal - the intraday chart may look like a weekly chart, but there are fundamental differences between them... this idea that 'market is fractal' gets passed from 1 failed trader to the next.. it is completely wrong.
the market breathes in a certain rhythm, and you have to breath in the same.
day trading is like trying to catch these random ebbs and flows, while losing sight of the ocean current, the tidals and the storms... major forces that can make major profits.
And to get back to the thread...
Nobody doubts Warren's genius.. but he is gracefully fading into the sunset.. he can't, and won't outperform tech, which he doesn't understand well..
consumer stuff grows linearly... but tech grows exponentially... this is a great time to ride the major ocean currents because the techs growth chart looks like a hockey stick.
True story - Warren and Bill are bridge buddies and they used to play on okbridge, when online bridge was a new thing in the late 90's... at one table I told Warren to buy yahoo lol... wasn't anything serious of course... more like a fan of his poking a joke at him with the utmost respect.. of course he didn't listen... and he might have the last laugh as yahoo no longer exists.
Nobody doubts Warren's genius.. but he is gracefully fading into the sunset.. he can't, and won't outperform tech, which he doesn't understand well..
consumer stuff grows linearly... but tech grows exponentially... this is a great time to ride the major ocean currents because the techs growth chart looks like a hockey stick.
True story - Warren and Bill are bridge buddies and they used to play on okbridge, when online bridge was a new thing in the late 90's... at one table I told Warren to buy yahoo lol... wasn't anything serious of course... more like a fan of his poking a joke at him with the utmost respect.. of course he didn't listen... and he might have the last laugh as yahoo no longer exists.
