Finance, Fun and the Unbearable Idiocy of Investors
Posted by Timothy Sykes on Mon 19th of Nov, 2007 12:26:39 PM
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I get these kinds of comments so often, it’s time I devote a full blog post to them.
In response to my post about returning to LA and reminiscencing about my last trip, Ken writes:
“Would I read IBD if the lead story was about girls or the where abouts of the writer. I think not. The beauty of the internet, is there are so many choices to obtain quality information. For me, to spend time commentin
g is rare. I typically just move on.”
Ken,
Thanks for commenting - your opinion is welcome (seriously). But you, like many in the finance world, have been brainwashed into thinking you must have up-to-the-minute business news / investment ideas / guidance at all times. That’s fine - IBD and all the publications like it are great resources for investors, but, in addition to being a resource for investors, my website aims to be more personal and to teach you to think differently.
Since there aren’t any worthy trading opportunities right now, I posted this fun little aside. Let me guess, you wanted some stock picks, right? You’re probably fully invested right now and want some guidance as to where I think the markets are headed, right?
Here’s my market prediction: I have no idea where the market is headed - I don’t play those juvenile guessing games, I simply take advantage of opportunities when they come about. While you and all the other idiot bulls are panicking, I’m 100% cash and loving every second of it–sitting by my hotel pool, sipping my overpriced drink, surrounded by superficial Hollywood-types, scantily clad golddiggers and smog.
But if you really want a whole bunch of investment ideas, check out the latest Blog Carnival of Stocks, of which one of my posts is featured.
Here’s another comment from a guy named John:
“Timothy…You barely have any depth to your shallow personality-which is fueled by your raging ego. Your recent comments on a blog where you are trying to obtain some credibilty in the financial community completely validates this….blah blah blah…Enjoy the ride while it last - you are way past your 15 minutes.”
John,
Thanks for writing in - may I suggest you read my book before rushing to judgment? Being shallow and having an outsized ego - please, that was so 2004. You’ll discover - as nearly all my actions suggest- that I could care less about financial community credibility. I think it’s a community filled with idiots, snobs, cokeheads, liars, frauds, superficialites and more importantly and potentially dangerously, greedy people whose infatuation with leverage will probably be the ruin of our economy and ultimately, our society.
But I’m just a stock trader so what do I know? My goal is simply to cut through all the industry-BS and show people how to speculate without using leverage. Conservative financial speculation - I know, it’s a crazy concept, but I truly believe in it.
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TIM Trades
View All| Date | Stock | Buy | Sell | Net |
|---|---|---|---|---|
| Nov 19 | AENY | $2.80 | $3.02 | $1148 |
| Nov 18 | NLST | $4.16 | $4.40 | $947 |
| Nov 18 | IMGG | $1.42 | $1.64 | $2094 |
| Nov 17 | NLST | $5.04 | $5.59 | $2195 |
| Nov 13 | VRMLQ | $21.50 | $22.97 | $2901 |
| Nov 11 | EONC | $2.61 | $2.80 | $687 |
| Nov 10 | EONC | $2.74 | $3.36 | $9784 |
| Nov 6 | QXM | $4.31 | $4.80 | $1936 |
| Nov 4 | COT | $8.66 | $8.88 | $642 |
| Nov 4 | QXM | $4.61 | $4.89 | $822 |
| Oct 30 | DDRX | $25.70 | $26.53 | $812 |
| Oct 29 | CTDC | $4.00 | $4.42 | $781 |
| Oct 26 | AWSL | $3.24 | $4.10 | $2516 |
| Oct 23 | RODM | $5.27 | $5.23 | $301 |
| Oct 22 | AMLM | $2.69 | $2.97 | $820 |
| Oct 22 | USEG | $6.12 | $6.09 | $85 |
| Oct 20 | CBOU | $8.93 | $9.06 | $243 |
| Oct 16 | VRMLQ | $16.79 | $18.65 | $2773 |
| Oct 13 | YONG | $11.05 | $11.66 | $1202 |
| Oct 13 | NPHC | $0.59 | $0.71 | $583 |
| Oct 12 | IMGG | $0.60 | $0.70 | $682 |
| Oct 9 | ZAGG | $5.50 | $6.10 | $2380 |
| Oct 7 | GVBP | $0.03 | $0.27 | $702 |
| Oct 1 | NPHC | $0.70 | $0.85 | $1482 |
Total: $98,094 (681%)
