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The 10 Most Recent Messages By mungofitch

Take me back to where I was.
  • Date: 3/23/17 2:00 PM
  • Number: 265869
  • Recommendations: 4
Isn't the "best" (or maybe the simplest) mental model for any financial security this?:
If a lot of "people" want to own that security...
....then the price goes up.
If "people" want out, the price

  • Date: 3/23/17 9:25 AM
  • Number: 228589
  • Recommendations: 8
a) Buying Apple stock was a better investment than buying Apple Computer
b) Buying computers (non Apple) was better than buying Apple stock
c) Jim does not understand tech investing
d) Capitalism works
e) No point, just rambling

  • Date: 3/23/17 9:02 AM
  • Number: 265866
  • Recommendations: 0
<< The price doesn't change because of "increased supply of stock in the sector". The price goes down (if it does) because the buyers don't want to buy at that high of a price. The price goes up (if it does) because the
  • Date: 3/23/17 8:38 AM
  • Number: 228587
  • Recommendations: 17
my Mungofitch inspired FT screener
Would you be willing to share said screener?

Just search "FT global equity screener".
  • Date: 3/21/17 4:17 PM
  • Number: 265855
  • Recommendations: 8
Reading all this, reminded me of a quote I have in my quotes file (I forgot who said it, though):
"Arenít you glad you are a trend follower?..."

Just to be clear, lest anyone misunderstand, my comments have almost no
  • Date: 3/21/17 3:40 PM
  • Number: 228579
  • Recommendations: 11
Fashion is famously fickle

Personally, I exclude "specialty retail" and "apparel" industries when I'm screening. And lots of other industries, too.
All too often retailers grow, then they pop. Same with
  • Date: 3/21/17 10:43 AM
  • Number: 265850
  • Recommendations: 7
1) Are you saying expected returns near zero on equities are acceptable given currently low inflation?
Is it really a good idea to take on the risk of equities if you believe expected returns will be
below risk-free Treasury bill

  • Date: 3/20/17 1:12 PM
  • Number: 228568
  • Recommendations: 55
In November 1997 you could have bought an Apple G3 250MHz notebook, the fastest ever built, for about $5700.
You can buy that same computer on Ebay today for $86.
  • Date: 3/18/17 5:03 PM
  • Number: 265818
  • Recommendations: 18
Old quote from the 1-2-3 model

When the Feds stay out of that way - that is, when they're not raising rates - we earn, on average, 10.9%
per year on stocks. This situation has occurred 71% of the time since the 1920s. However,

  • Date: 3/18/17 2:02 PM
  • Number: 16508
  • Recommendations: 5
Historically, as I'm sure you know, taking the other side of Ackman's bets would be a pretty surefire way to lose money. But as long as your contrarian position is motivated by going against Ackman,
and not against me, at least I

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Take me back to where I was.
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