Comments for ValueWalk.com

Comment on Dan Loeb’s Recommended Reading List by Morgan

Morgan — Mon, 26 Jul 2010 02:33:13 +0000

Great video! Thanks for sharing!

For those who want to download this talk, click the blip.tv link on the player to go to the site and the download button is near the bottom.

Comment on Jamie Dimon’s Recommended Reading List by Ankit Gupta

Ankit Gupta — Thu, 22 Jul 2010 17:42:57 +0000

Thanks for posting this Jacob – there are a lot of good titles here and I haven’t read a good portion of them.

Comment on Dow 1000???!! by Rob Bennett

Rob Bennett — Fri, 16 Jul 2010 13:43:06 +0000

I will not comment directly on the prediction because I have not studied it in sufficient depth to feel able to offer intelligent comment. But I will say that, if we got to DOW 1000, we would not be here anymore. I do not believe that our economic and political systems can survive the loss of confidence they would experience in such circumstances.

What I believe is going to happen is that things are going to continue to drift downward over time (sometimes moving rapidly, sometimes moving slowly or even in the reverse direction for a bit) until things get bad enough that we become serious about solving the problem. I believe that, when we start looking seriously for solutions, they will become visible to us (they’ve been there all along, but for various reasons we have not felt comfortable exploring them) and we will turn things around in a big way.

There may come a time when people will come to believe that DOW 1,000 is not a bonkers predictor. The paradox is that it is that feeling of fear will bring about the changes in attitude that will launch us into the greatest period of economic growth and stock investing profits yet on record. Pain brings gain. It’s a hard to accept rule, but it is one that has been proven out in stock investing and in many other fields of human endeavor many times.

It is never as bright as it appears to be when it appears to be bright. And it is never as dark as it appears to be when it appears to be dark. Former Philadelphia Phillies Manager Gene Mauch taught me that one. You can pick up solid investing insights in the strangest places!

Rob

Comment on Buffett Anounces His Three Favorite Investors by Buffett Fan

Buffett Fan — Fri, 16 Jul 2010 01:47:40 +0000

Does anyone know if Greenwald’s quote is accurate? Does Li really manage all of Munger’s money? It seems unlikely that Li could manage that much money without generating any SEC filings, unless all of Munger’s money is in overseas investments.

Comment on Dow 1000???!! by Gary L. Kaplan

Gary L. Kaplan — Thu, 15 Jul 2010 15:34:15 +0000

You have either the wrong quotes to prove Prechter wrong or you just don’t understand how markets work. 3/09. When markets reach an extreme of pessimism they turn. Here Prechter is saying we are getting near to a bottom, but have a little more to go. (bottom 4/9/09). This quote is remarkably out of context. The rest of the quote would be we are at a temporary bottom the market should have a sharp rally to over dow 10,000. At the point when everyone believes we are safe and politicians are taking credit for the recovery then the rest of this giant bear will resume. he pointed to the most likley stopping point for this bear market rally as a retracement of the decline fro late 2007 until march 9, 2009. the retracement levels likley, by the Elliott Wave Theory were .382%, half, or .618%. Turned out using intraday extremes to be a replacement of .618%. Every body else were out in the streets singing “Happy Days are Here Again”.

Free Elliott Wave material abounds on the internet. There are several Elliott Wave books on Google books free and recent copies of the newsletters can be found with a little searching.

Prechter’s forecasting service has withstood the test of time and money. The Elliott Wave Theory is the only Theory left standing after all the recent markets roller coaster. I made money recently when the short term forecast said there were 98% gold bulls and the market would turn and last year when there were an extraordinary 99% long term bond bulls He has twenty editors forecasting all of the different markets in the world, day by day and even intraday. Since 1977 you can buy a forecast by the month and cancel if you want, get your money back for that month. Now he has the largest service in the world and yet has never told anyone they would get rich quick.
it is hard for perma-bulls to think that the market could go down anything like the 89% decline in 1929-1932. Prechter is forecasting the average will go down , not any individual stock. I almost agree that it is unthinkable Pfizer, Coke or GM could go down 90%. Sorry, I forgot about GM. Pfizer or coke somewhere in the fullness of time could be underpriced, even before -90% and be a good buy and go private. then they would be out of the Dow and not there to hold it up.
Prechter is 100% not making these predictions to sell newsletters. If you follow the theory and the wave count a giant crash fits in here and he could not make another predicition.