November 21, 2008 – 1:36 pm
Within 3 days.
Newly processed government candy will be their reward for busting the market pinata.
In fact, I will go so far as to say that if Citigroup does not "make a deal" by the open of business on Monday, I will drink begger's bourbon (instead of my usual) for a minimum of three days.
November 20, 2008 – 10:00 am
First of all, I have less money. This one is obvious and cannot be underestimated. Have the respect to understand that someone with "excess cash" typically likes having MORE "excess cash", not less of it.
What under-capitalized people don't understand is that this is purely psychology. "More than enough" or "plenty of money" are the words of simple men. I don't care if your target investor has a $20,000 bank account or a $20 billion bank account....if he's down 30% on the year, he's far less likely to give you money.
Secondly, you have less options. I mean this in two ways. First, because of my first point above, I know that there are far fewer people with "excess cash" in the psychological position to invest in your idea. In addition, I also realize that even if you are successful, there are far fewer exit strategies where I, as an investor, can ...
November 19, 2008 – 1:14 pm
I believe that there are three types of markets:
A market where buyers have the advantage
A market where traders have the advantage
A market where sellers have the advantage
Right now, we are in a market where the buyers have the advantage. I say this because it is literally acceptable to bid 10% under any given stock and expect to be filled on your order within a month. There is no rush to get in, but everyone is rushing to get out. If you're a buyer, they're coming TO YOU.
Take advantage of this. To do so, you must take a very deep breath and THINK instead of react (reaction is better in traders markets).
What assets do I want to own 5-10 years from now?
Are any of these assets currently 50% below what I believe they are actually worth, right now?
If so...buy them. Slowly and confidently.
Build an asset base now using greedy bids and ...
November 19, 2008 – 11:03 am
On Dec 3 I will be the featured speaker at the Louisville Venture Club.
Are there any topics that you, as an aspiring entrepreneur or angel investor would be most interested in hearing my take on?
Even if you aren't going to be there, which I suspect 99% of this blog's readers will not....please let me know what you think I should hit on--I'll post the main points and expand on the speech via posts here.
Just put a comment in this post or email me...thanks!
November 18, 2008 – 5:29 pm
Someone gets it.
Watch shorts scramble for cover, effectively moving me from a "backed into the corner with only a nail file as a weapon" position into a "in an unknown elevated location with multiple sniper rifles picking off bears" position.
It is only through taking a stand of this magnitude can leaders be born.
Fail to follow at your own peril.
November 18, 2008 – 3:34 pm
Right now one wants to own anything
House? No thanks, just rent.
Car? Laughable.
Stocks? What's the point? Depression coming
Gold? Deflation's gonna kill it.
Bonds? Wouldn't loan money to the pope.
NOTHING.
Everyone just wants to go take their little scraps and hide in the corner.
Eye-contact is forbidden.
Retreat to your hole in the sand....and wait for others to survive before coming out.
Sage advice, for life's followers.
But the readers of this blog do not fall into that category.
When others hide, we see opportunity to roam as never before.
When everyone is selling, we see opportunity to build an asset base.
When everyone is cutting back, we see opportunity to expand our presence in the minds of other men.
STOP WORRYING ABOUT WHAT YOU HAVE
Start preparing for what you can achieve.
You see stocks trading for less than they have in cash. I see people doing the same thing.
Funny thing about the way life mirrors the market-- what you HAVE isn't interesting, ...
November 11, 2008 – 10:20 pm
I'm not sure why honestly...it just FEELS right.
I don't get these kinds of feelings often, but when I do they usually produce big results (after an initial period of figuring out that I was TOO EARLY as always!).
Buying slowly into 2x leveraged positions (via DGP and other instruments). I expect a 50-75% return within the next year (25-37.5% on the underlying gold)
The more I hear about bailouts and other money-printing activities, the more right gold feels.
November 11, 2008 – 10:45 am
Apparently, 200 years ago there were a few guys with foresight that understood the timeless truths of LIBERTY.
Luckily, they wrote our Constitution with a specific amendment that said "if we didn't spell out that the Federal Government has the power...it DOES NOT!!!!"
UNfortunately, NO ONE pays attention to that, and somehow the Congress is able to give the Treasury the power to buy up bad debt and stock in private corporations in a goofy attempt to avoid short-term economic trouble.
In any event, let's look at what those founders had to say. Intelligent FOREsight proves to be 20/20 indeed.
On redistribution of wealth/INCOME and BAILOUTS:
"When the people find that they can vote themselves money, that will herald the end of the republic."
- Benjamin Franklin 1706-1790
"The American Republic will endure until the day Congress discovers that it can bribe the public with the public's money."
- Alexis de Tocqueville 1805-1859
On the "fairness doctorine" and ...
