All the smart people are bearish. The group includes Tony Robbins (gynormous melon…literally) and Mark Cuban (not sure if I am being sarcastic)
The only reason I have to be bearish is that I am bullish…
Actually that’s not true. Indian penny stocks are flying ( see $SIFY and $REDF ), Chinese stocks are rocking and solar is back. Once the biotech index breaks out it will be confusion city for the bulls and bears.
It is safe to be bearish. The bears are never wrong. The bears are fantastic at archive search.
There is some crazy price momentum in leading stocks, but to focus on them is silly. Momentum is very difficult to time and tame. I believe it is best to embrace momentum and have an exit plan or just avoid.
After price, the only thing that matters to me are smart people who have made money at turns before. Two that I continue to trust are my pals The Fly and Fred Wilson. The Fly is calling this moment ‘Bubbleicious’ and Fred Wilson is blogging about Contrarian Investing. Reading them and trusting them as I do, I make a mental note to self…don’t get giddy.
If you want to follow price like me, watch Joe Fahmy’s show last night on Stocktwits.tv .
I am not an asset allocation junkie, just an idea guy and opportunist. I don’t think grandiose bullish or bearish calls are necessary in the business of making real money.
i guess that was advice…shit.
Duplicate. Deleted.
Just spent an hour reading the comments in Fred’s post.
I think some people don’t really get what “contrarian” means in the general sense, but it was enlightening to say the least.
Good post.
i guess that was advice…shit.
“I don’t think grandiose bullish or bearish calls are necessary in the business of making real money.”
True. One example: Short Screen member Marc Mayor has built an impressive track record over the last decade without taking a position on market direction one way or another. He runs a market-neutral portfolio, half long, half short.
he is at his best on entourage.
Just spent an hour reading the comments in Fred's post.
I think some people don't really get what “contrarian” means in the general sense, but it was enlightening to say the least.
Good post.
that is a good advice Mr. Lindzon :-)
that is a good advice Mr. Lindzon :-)
Related to our discussion last week, Mark Cuban is a classic example of a savvy hedger. When his company was bought out by $YHOO in ’99, he bought puts on $YHOO near its peak. He stands out as an entrepreneur/investor who made a bundle during the dot-com boom and didn’t lose it during the bust. Also worth noting he was hedged with $DIA puts before the crash in ’08. And he’s done a pretty good job playing himself on Entourage to boot.
he is at his best on entourage.
Related to our discussion last week, Mark Cuban is a classic example of a savvy hedger. When his company was bought out by $YHOO in '99, he bought puts on $YHOO near its peak. He stands out as an entrepreneur/investor who made a bundle during the dot-com boom and didn't lose it during the bust.
Also worth noting he was hedged with $DIA puts before the crash in '08.
And he's done a pretty good job playing himself on Entourage to boot.
Great!
Great!
I read the Bubblicioius link….veyr clever, wait til Ocotber. Isn’t that when hedge fund clients can cash out? Will banks be willing to lend a billion at a time to cover redemptions as per past? Nope! I loved your comments!
I read the Bubblicioius link….veyr clever, wait til Ocotber. Isn't that when hedge fund clients can cash out? Will banks be willing to lend a billion at a time to cover redemptions as per past? Nope! I loved your comments!
Does your mother read your stuff? Watch it.
Does your mother read your stuff? Watch it.
Love the Bears in the Archives statement!
I am in the MidWest, working with the world authority in AI and starting to dig in to the funding of our very disruptive product that points to the ‘open’.
It is amazing how so many want to stay in the past and moan about the same old thing. You show them the future and what it does really promise, they seemingly become scared.
Thanks again for that sentence, if you don’t mind, I’ll borrow it!
I won’t remember I wrote it. Take it.
CEO of StockTwits.com and founder of Socialleveragellc.com
Love the Bears in the Archives statement!
I am in the MidWest, working with the world authority in AI and starting to dig in to the funding of our very disruptive product that points to the 'open'.
It is amazing how so many want to stay in the past and moan about the same old thing. You show them the future and what it does really promise, they seemingly become scared.
Thanks again for that sentence, if you don't mind, I'll borrow it!
I won't remember I wrote it. Take it.
CEO of StockTwits.com and founder of Socialleveragellc.com
Ha….told ’em at the ’08 AGI Conference in Memphis that the first priority as we move up thru the artificial cognitive is to include a ‘file 13’ ;D
Ha….told 'em at the '08 AGI Conference in Memphis that the first priority as we move up thru the artificial cognitive is to include a 'file 13' ;D