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re: Media coverage of the stock market (rant)

Posted on 12/19/18 at 4:22 pm to
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 12/19/18 at 4:22 pm to
quote:

My point was that a drop in the stock market is simply a reduction in price for an asset, and that the media for some reason sensationalizes stock price changes over all other price changes in other assets.


Well you compared changing prices at best buy to changing stock prices which aren't the same. The market effects every part of the economy for one, and can change for a multitude of reasons. The comparison makes absolutely no sense.
Posted by Jon Ham
Member since Jun 2011
28586 posts
Posted on 12/19/18 at 4:25 pm to
quote:

I mean you said in the thread you did some trading for fun and did really well, which I don't believe or you got lucky.


I wish I had posted those plays on here so I could show you. Oh wait, I did.

https://www.tigerdroppings.com/rant/display.aspx?sp=67145611&s=2&p=67145611#67145611

https://www.tigerdroppings.com/rant/display.aspx?sp=63313600&s=2&p=63313600#63313600

So in this thread I name a way to valuate stocks and show examples of good plays I made. We have Mingo over here not able to name a single other way that’s better to valuate stocks, although he insists I’m wrong, and with no evidence whatsoever he’s a good investor other than the fact he knows some key words that are found in chapters one and two of every financial 101 textbook.

Financial expert: Jon
Financial limp dick: Mingo
Posted by Jon Ham
Member since Jun 2011
28586 posts
Posted on 12/19/18 at 4:27 pm to
quote:

Well you compared changing prices at best buy to changing stock prices which aren't the same.


Yeah dude, that’s how comparisons works. You take two things that aren’t the same and compare them. Every post of yours gets dumber and dumber. You should stop before you lose all credibility, if you have any left.
Posted by PrivatePublic
Member since Nov 2012
17848 posts
Posted on 12/19/18 at 4:28 pm to
quote:

I’m sorry, did you just call Warren Buffet a fool?


A lesser one, but yes. all stock market players are.
Posted by ShamelessPel
Metairie
Member since Apr 2013
12721 posts
Posted on 12/19/18 at 4:31 pm to
quote:

1,000% of $1,000 is $1 million bud.


Just delete the account.

There's no coming back from this.
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 12/19/18 at 4:32 pm to
quote:

I wish I had posted those plays on here so I could show you. Oh wait, I did.


I never said you didn't guess right, just that you actually don't know what you are doing, because you've made it clear you don't.

quote:

So in this thread I name a way to valuate stocks and show examples of good plays I made.


You gave an 099 answer. As I've said multiple times, yes discounting cash flows is part of the process in a valuing a company and its stock, but it's only a small percentage of the overall equation.

quote:

We have Mingo over here not able to name a single other way that’s better to valuate stocks


Because there's not a "way" its different for every company depending on how they are structured, dividends they pay, etc.

quote:

although he insists I’m wrong


You were 100% imperically wrong in the OP

quote:

with no evidence whatsoever he’s a good investor


I can't in a lot of comapies as I'm a covered person so I don't do any individual trading.

quote:

key words that are found in chapters one and two of every financial 101 textbook.


So is compounding interest and youve already proved you can't do that.
Posted by Thib-a-doe Tiger
Member since Nov 2012
35374 posts
Posted on 12/19/18 at 4:32 pm to
quote:

you have to do it the way I explained above.




No you don’t. A company can operate at a loss and still have great cash flow


You must have missed the part where they have earnings calls and not cash flow calls
Posted by Jon Ham
Member since Jun 2011
28586 posts
Posted on 12/19/18 at 4:32 pm to
Did MJ stop playing basketball after he missed a free throw? Yeah, didn’t think so!
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 12/19/18 at 4:33 pm to
quote:

Just delete the account.

There's no coming back from this.



According to him, that's just a simple mistake. This dude reads market watch a couple times a week and thinks he's an analyst for Goldman because he guessed right on two stocks.
Posted by cable
Member since Oct 2018
9639 posts
Posted on 12/19/18 at 4:33 pm to


G.I. Joe with the kung fu grip
Posted by doublecutter
Hear & Their
Member since Oct 2003
6579 posts
Posted on 12/19/18 at 4:33 pm to
If they selling, buy.
Is they buying, sell.
Posted by cas4t
Member since Jan 2010
70903 posts
Posted on 12/19/18 at 4:38 pm to
This thread is frickin hilarious

Also, where would you suggest someone start who was looking to learn more about the stock market?

Any books in particular?
Posted by MusclesofBrussels
Member since Dec 2015
4474 posts
Posted on 12/19/18 at 4:39 pm to
Try to get an invite to dabigfella's slack channel
Posted by Thib-a-doe Tiger
Member since Nov 2012
35374 posts
Posted on 12/19/18 at 4:40 pm to
quote:

Also, where would you suggest someone start who was looking to learn more about the stock market?

Any books in particular?




Investing for Dummies


Seriously


ETA: reading a book written by someone who started with a ton of capital and became rich in the market is not going to help you as much as understanding the basics
This post was edited on 12/19/18 at 4:41 pm
Posted by cas4t
Member since Jan 2010
70903 posts
Posted on 12/19/18 at 4:41 pm to
I’ve seen that on the money board I believe. He picky? I’ve thought about dabbling lately but don’t know anything about the market. All my shite is just vanguard and the Roth. But I have some play money
Posted by cas4t
Member since Jan 2010
70903 posts
Posted on 12/19/18 at 4:42 pm to
Fair enough. I actually have read some of those for insurance, when I was training for my job...in insurance. And it was helpful.

Gracias
This post was edited on 12/19/18 at 4:42 pm
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 12/19/18 at 4:44 pm to
quote:

Also, where would you suggest someone start who was looking to learn more about the stock market?


Like I said, I'm not an individual investor because I can't, and I learned what I know through school, certifications, and my job. My advice for 99% of people would be put money in mutual funds, you will outperform what you can do on your own 9 times out of 10, and if you can't do it full time you can't really keep up.
Posted by Thib-a-doe Tiger
Member since Nov 2012
35374 posts
Posted on 12/19/18 at 4:45 pm to
quote:

I’m sorry, did you just call Warren Buffet a fool?


A lesser one, but yes. all stock market players are.



Lemme get the straight: you, a probably middle class adult, believe that the 3rd-ish richest man in the world is a fool?
Posted by Mingo Was His NameO
Brooklyn
Member since Mar 2016
25455 posts
Posted on 12/19/18 at 4:46 pm to
quote:

Lemme get the straight: you, a probably middle class adult, believe that the 3rd-ish richest man in the world is a fool?


To be fair, I think Buffet is past his prime. A lot of the stuff he says is really convenient for a dude that is already loaded. Credit cards are bad, all that type shite, but he's obviously not an idiot.
This post was edited on 12/19/18 at 4:47 pm
Posted by cas4t
Member since Jan 2010
70903 posts
Posted on 12/19/18 at 4:47 pm to
I contribute the max to my mutual fund currently

Was just thinking about putting a little out there

Guess I’ll just stick to blackjack at tunica
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