tag:blogger.com,1999:blog-816559531110064247.post8622931750336354127..comments2024-03-08T01:03:44.522-08:00Comments on Humble Student of the Markets: I feel their painCam Hui, CFAhttp://www.blogger.com/profile/09672203690656029787noreply@blogger.comBlogger3125tag:blogger.com,1999:blog-816559531110064247.post-71306201828264362252011-01-13T12:51:42.989-08:002011-01-13T12:51:42.989-08:00Can't believe your blog didn't make the To...Can't believe your blog didn't make the Top 20 List -- Social Finance: The New Influentials.<br /><br />http://mindfulmoney.co.uk/2869/investing-strategy/social-finance-the-new-influentials.html<br /><br />Personally, I find many of the top 20 not very actionable / practical for every day investment decision making ... there are great for those interested in engaging in smart philosophical discussions on politics, economy, and investing.<br /><br />The simple Inflation-Deflation Model (and well synthesized arguments to support the model indicator) beat the long theoretical discussions found in many of those popular blogs. <br /><br />Please keep up with great work!WimpyInvestorhttps://www.blogger.com/profile/18148362644880449393noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-34703363905524426332011-01-11T22:00:53.513-08:002011-01-11T22:00:53.513-08:00Hello Mr Terms,
Repeat after me:
"Hussman ...Hello Mr Terms, <br /><br />Repeat after me:<br /><br />"Hussman has outperformed the market"<br />"Hussman has outperformed the market"<br />"Hussman has outperformed the market"etindellhttps://www.blogger.com/profile/08273047457528054330noreply@blogger.comtag:blogger.com,1999:blog-816559531110064247.post-78217842737080136812011-01-11T11:21:34.485-08:002011-01-11T11:21:34.485-08:00Come on. At least by 200BC it was already received...Come on. At least by 200BC it was already received wisdom in the Mediterranean that "to everything there is a season". <br /><br />That means when there is money to be made, the competent investor makes that money. <br /><br />I want my fund manager to outperform the market at all times. Anyone dogmatic enough to sit in a losing position, and let it continue losing, while all around others are making money, shouldn't see his career in fund management last longer than 1 year.<br /><br />If Hussman wants to continue sitting on his losing positions because he feels the market is wrong, fine. But he should lose his clients, or lose his job. The market has disproved his doom & gloom scenario all year. A hard and fast rule of investing is, if the market is disproving your theory, then the market is right and your theory is wrong.<br /><br />Another hard and fast rule of investing is that you don't take a position until you've gotten a signal that it's time. Anyone who can't time their entry into the market shouldn't even be allowed to buy an index fund for their personal investment, much less manage other people's money.<br /><br />It's fine to have a theory. It's fantastic to plan out that theory. But it's most important to wait until the market agrees with your little theory, and to keep your eyes open for signs that your little theory has taken hold. Until then, you're supposed to be making money. <br /><br />If the market is saying "I really like this QE and QE2, I'm completely blind to the consequences, I'm going to inflate like crazy and blow a huge commodity bubble", then you're supposed to jump on and ride that pony til the ride is done.<br /><br />Positioning oneself for a market crash 2 years before it happens isn't the sign of a genius, it's the sign of a dogmatic, arrogant fool who considers himself wiser than the market. Hussman looks clever every few years for a couple months when the market crashes. The rest of the time he's just a fool.I Will Never Accept The Terms of Servicehttps://www.blogger.com/profile/09422355923256894207noreply@blogger.com