Author Topic: Stocks  (Read 180277 times)

Offline David Smith

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Re: Stocks
« Reply #2715 on: December 05, 2017, 07:05:45 AM »
The market can remain irrational longer than I can remain solvent.
Puts have a limited loss potential.
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline ElectricCPR

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Re: Stocks
« Reply #2716 on: December 05, 2017, 07:44:09 AM »


Is everyone here planing to short BTC?



There are easier ways to lose money.

Short Amazon?

Offline ExGingi

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Re: Stocks
« Reply #2717 on: December 05, 2017, 07:52:25 AM »
Puts have a limited loss potential.
True.

Except if it turns into a gambling problem.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline ADG

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Re: Stocks
« Reply #2718 on: December 05, 2017, 11:13:34 AM »
Fill in the blank.

Knowing the market is overvalued that should be just as valuable as knowing the market is undervalued.

When one knows it is undervalued they buy equity. When one knows its overvalued they buy______________.
« Last Edit: December 05, 2017, 12:20:43 PM by ADG »

Offline hachover

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Re: Stocks
« Reply #2719 on: December 05, 2017, 11:20:11 AM »
Fill in the blank.

Knowing the market is overvalued that should be just as valuable as knowing the market is undervalued.

When one knows it is undervalued they by equity. When one knows its overvalued they buy__guns and ammo___.

It's not enough to know that the market is mispriced. You also need to know the right timing for the corrective movement or you could become insolvent.
I'm an optimist; but only because life isn't going to give me any other good choices.

Offline David Smith

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Re: Stocks
« Reply #2720 on: December 05, 2017, 11:30:27 AM »
Fill in the blank.

Knowing the market is overvalued that should be just as valuable as knowing the market is undervalued.

When one knows it is undervalued they by equity. When one knows its overvalued they buy______________.
Value is a subjective term. If something has inherent value of $100, is now being bought at $150, and will be bought at $200 before returning to its inherent value of $100 (assuming the efficient market theory), to one with the knowledge that this will be traded at $200, it's simultaneously overvalued and a buy. A decision to buy and sell is as dependant on timing as it is on inherent value. The greater fool is a true concept. The problem is that it's quite difficult to predict.
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline ExGingi

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Re: Stocks
« Reply #2721 on: December 05, 2017, 12:00:59 PM »
Value is a subjective term. If something has inherent value of $100, is now being bought at $150, and will be bought at $200 before returning to its inherent value of $100 (assuming the efficient market theory), to one with the knowledge that this will be traded at $200, it's simultaneously overvalued and a buy. A decision to buy and sell is as dependant on timing as it is on inherent value. The greater fool is a true concept. The problem is that it's quite difficult to predict.
Don't fool yourself to confuse speculation with value.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline David Smith

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Re: Stocks
« Reply #2722 on: December 05, 2017, 12:05:07 PM »
Don't fool yourself to confuse speculation with value.
Would I be fooling myself to say $200 has more value than $150? Do you totally disregard the greater fool as a trading tool?
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline ExGingi

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Re: Stocks
« Reply #2723 on: December 05, 2017, 12:09:25 PM »
Would I be fooling myself to say $200 has more value than $150? Do you totally disregard the greater fool as a trading tool?
Trading is associated with speculation.

Investing is associated with value.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline David Smith

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Re: Stocks
« Reply #2724 on: December 05, 2017, 12:12:49 PM »
Trading is associated with speculation.

Investing is associated with value.
Correct.

אז?
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline ExGingi

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Re: Stocks
« Reply #2725 on: December 05, 2017, 12:19:59 PM »
Correct.

אז?

Can't use the term "value" in the context of speculation!

Would I be fooling myself to say $200 has more value than $150? Do you totally disregard the greater fool as a trading tool?
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline David Smith

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Re: Stocks
« Reply #2726 on: December 05, 2017, 12:28:44 PM »
Can't use the term "value" in the context of speculation!
The equity doesn't have value. The knowledge does.
Who do you think you are fooling? You think you are going to pull a quick one on your Creator? Good luck with that.
JTZ

Offline ADG

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Re: Stocks
« Reply #2727 on: December 05, 2017, 12:29:32 PM »
so it fair to say the greater fool applies more in regard to timing of the market rather then value.

Offline ExGingi

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Re: Stocks
« Reply #2728 on: December 05, 2017, 12:39:09 PM »
The equity doesn't have value. The knowledge does.
Knowledge of the future is impossible for humans. It is speculation. It could be well calculated, high odds etc, but it is speculation.
I've been waiting over 5 years with bated breath for someone to say that!
-- Dan

Offline Boruch999

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Re: Stocks
« Reply #2729 on: December 05, 2017, 12:49:25 PM »
Knowledge of the future is impossible for humans. It is speculation. It could be well calculated, high odds etc, but it is speculation.

So is investing in an accounting or law degree.