
Hello,
What's been happening? That question is inherently rhetorical this time (as opposed to some of the other posts in which I fully expect you to answer out loud) but this time its different because of the sheer mass of things that must have transpired in your life since the last time I rapped at you. The short answer for the brief hiatus from these blank html pages was/is quite simple. There were some administrative issues and those coupled with the trivialities of preparing many many many many many many writing related assignment temporarily dissuaded me from doing much leisure thought,let alone enumeration of that thought onto an e-page.
But that, as they say, is that and my triumphant return (cue the heralds) is now upon us. However, that does not mean that much has changed in the overall life of this author. In fact this update probably finds me more mired in the usual sludgery that I try and avoid than usual. Despite these muddy happenings and goings on I have found time lately for coffee and the OMC album so life has not been altogether intolerable.
I found myself re-reading the intelligent Investor, and after all these times I can still find no flaw in the logic. For those non-initiates ( aside: a book that merits your consideration) the basic premise of the book is on value investing and the practices of it. Simply revolutionary in its time, it simultaneously broke up large "old-crowd," firms like Kuhn Loebe and put in thier place many small firms that until then could only be seen as outside players whom would never have the principle contacts the established players held that appeared to "dictate," the fickle world of finance.
In contrast, with value investing many evaluation tools were used to gauge the worth of the stock, ranging from components on the balance sheet to what sector the company occupied. As painstakingly obvious as this might seem, it was not stumbled upon until great deals of money had been needlessly thrown at many companies who were then successful for the sheer might that capitol-intensive investment firms could throw at the blue bloods. Not no more.
Every time I read the book though, I find myself trying to find the flaws or drawbacks. One need not be in the market for very long before you realize that with every strategy of scheme there are weakness that either are or aren't addressed with that distinction usually fleshing out the overall viability of said method. For the life of me I can't argue with evaluating the overall long term potential of a stock based on its fundamentals. Save for Day trading which is in and of itself its own beast ( See: Joe Randa) and is unique. The only ammendum ( a weak criticism at best) would be the speculative market place that can exist more and more in global communication age. Increased communicability, it would seem, has not increased our ability to quell rumors and unwarranted price inflation but in fact has encouraged it. Note the popularity of the song " Laughy Taffy."
Well that's it for this round up. I hope after this re up rodeo you found yourself sufficiently in wonderment as to how you survived these last two weeks with out my senseless tirades. As for advice, how's about skipping that one last drink of the evening. Instead opting for a double. Crack life on the head. Avoid cracking your head on life. Or putting crack into your life. Or playing Life while on crack. Or playing Life while alive. Or having a head while doing crack attempting to live. Or avoiding crack.
Cheers

