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We talk but we don't listen
Drunkard
#1 Posted : Friday, September 02, 2011 9:20:33 PM
Rank: User


Joined: 5/3/2011
Posts: 559
The trend at Wazua is, everyone try to give advise and the forum end up being a place to just write and defend one's point of view sometimes with no substance. In this forum you find people who are very smart and understand the concepts well; those are the people who should be doing more writing, unfortunately, people who write often have minimum knowledge of the issue at hand and are driven mostly by what they belief in i.e idiology.
In this forum, we have experts in Money markets, bonds, stocks, real estate to name a few, so if you are not an expert shut up and listen. If you purchased KenGen IPO shares and made money or if your mama tells you you're and expert in stocks, chances are, you might not, shut up too. There are people with formal education beyond bachelors and some with long years of profession success, those are the people I want to listen to since they probably see a bigger picture.

Have a good friday
Cde Monomotapa
#2 Posted : Friday, September 02, 2011 9:23:45 PM
Rank: Chief


Joined: 1/13/2011
Posts: 5,964
Alas!! Laughing out loudly Laughing out loudly
earthvoice
#3 Posted : Friday, September 02, 2011 9:52:02 PM
Rank: Member


Joined: 1/29/2011
Posts: 257
That was said with much heat! ... must be a story behind it... Eh?
"All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
QW25081985
#4 Posted : Friday, September 02, 2011 10:21:18 PM
Rank: User


Joined: 8/29/2011
Posts: 1,045
Location: Mtaani
hhahhaa. @ deal told you to buy britak ?????? lol . cool ur temper @Drunkard.
underweight
#5 Posted : Friday, September 02, 2011 10:43:48 PM
Rank: Member


Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
@drunkard go have two beer on my bill and come back tomorrow morning and explain politely who messed you up then we put some sense in both of you. In life the only certain thing is uncertaintyLaughing out loudly Laughing out loudly Laughing out loudly .
"A bad decision made now is beta that a good one made later!!"
underweight
#6 Posted : Friday, September 02, 2011 10:45:22 PM
Rank: Member


Joined: 1/25/2009
Posts: 184
Location: For now El-Fashier - Darfur
@drunkard go have two beer on my bill and come back tomorrow morning and explain politely who messed you up then we put some sense in both of you. In life the only certain thing is uncertaintyLaughing out loudly Laughing out loudly Laughing out loudly .
"A bad decision made now is beta that a good one made later!!"
Drunkard
#7 Posted : Friday, September 02, 2011 10:49:56 PM
Rank: User


Joined: 5/3/2011
Posts: 559
...Ain't you people tired of people with no knowledge at all trying to advise? so please if you cannot calculate triangular arbitrage do not advise anyone on money markets, if you cannot give a well thought out insight on real estate, shut up and investing in bonds do not give you the knowledge to advise please zip it. Let those with Knowledge to teach us. People sometimes forget that you can only pretend once and with the shortest sentence possible, the longer you write about a topic you don't know the more your flaws shows, look at my english can I lie that I have a PHD in English?
Nabwire
#8 Posted : Friday, September 02, 2011 10:59:22 PM
Rank: Veteran


Joined: 7/22/2011
Posts: 1,325
LOL...Classic @PHD in English. What is triangular arbitrage?
jasonhill
#9 Posted : Saturday, September 03, 2011 2:02:36 AM
Rank: Member


Joined: 1/22/2011
Posts: 322
Location: Chicago, IL, USA
Everyone's opinion has value. Even if it's dead wrong. I like to know what the wise are thinking, and also what the fools are thinking. Many, many customers are fools- they pay insane markups and fees- so you can understand my concern.

Fools drive all markets.

More important is that one can decipher a wise man from a fool. If one cannot, one has to join the legion of the latter.

Besides, in financial services there are no experts, because no one has invented a crystal ball or a time machine that can see the future, or a fimbo that can make a CEO's brain make the right decision, or that can whip a management team into shape.

So whereas financial mumbo-jumbo is nice and cute and all, and in reality does help someone make a somewhat informed decision, it's kind of like telling a joke- timing is everything, not the actual words.

At the end of the day, we're all just gambling; some better poker players than others.

Best,

Hill
erifloss
#10 Posted : Saturday, September 03, 2011 7:53:03 AM
Rank: Member


Joined: 6/21/2010
Posts: 514
Location: Nairobi
Paulson was not taken seriously by experts in 2007, he made a 590% return on his fund while the experts went under.
WB as a kid starting up was never taken seriously even denied entry to Harvard, markets listen to him now.
Jobs, Gates & Branson were never taken seriously coz they were drop outs at different levels.
Point, we all learn while at it & become better at what we do coz of the mistakes we make along the way. Be your own business school by going through the ropes as all you'll get everywhere are opinions from the always wrong stock brockers to Investment banks.
Be you own expert.
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
hisah
#11 Posted : Saturday, September 03, 2011 8:16:13 AM
Rank: Chief


Joined: 8/4/2010
Posts: 8,977
erifloss wrote:
Paulson was not taken seriously by experts in 2007, he made a 590% return on his fund while the experts went under.
WB as a kid starting up was never taken seriously even denied entry to Harvard, markets listen to him now.
Jobs, Gates & Branson were never taken seriously coz they were drop outs at different levels.
Point, we all learn while at it & become better at what we do coz of the mistakes we make along the way. Be your own business school by going through the ropes as all you'll get everywhere are opinions from the always wrong stock brockers to Investment banks.
Be you own expert.

Just wanted to point out that Paulson is not having a good time this year...

@Drunkard has a point, but the forum just like the market cannot be choosy. Just note the bad apples and avoid them.
$15/barrel oil... The commodities lehman moment arrives as well as Sovereign debt volcano!
Muthawamunene
#12 Posted : Saturday, September 03, 2011 8:22:23 AM
Rank: Member


Joined: 1/3/2011
Posts: 264
Location: Nairobi
Nabwire wrote:
LOL...Classic @PHD in English. What is triangular arbitrage?

its a forex strategy. we called tic tac toe in my school days. It involves three trades , exchanging the initial
currency for a second , the second
currency for a third, and the third
currency for the initial .

But i feel you Drunkard. But i blame those lazy ass new comers that ask questions literally begging for quick answers instead of reading earlier posts, reading books, n practising wht u learn. Even Buffet spent alot of time in the finance section at Omaha library.
For Sport
#13 Posted : Saturday, September 03, 2011 9:41:24 AM
Rank: Veteran


Joined: 12/23/2010
Posts: 1,229
Drunkard wrote:
The trend at Wazua is, everyone try to give advise and the forum end up being a place to just write and defend one's point of view sometimes with no substance. In this forum you find people who are very smart and understand the concepts well; those are the people who should be doing more writing, unfortunately, people who write often have minimum knowledge of the issue at hand and are driven mostly by what they belief in i.e idiology.

In this forum, we have experts in Money markets, bonds, stocks, real estate to name a few, so if you are not an expert shut up and listen.
Of course there are experts on wazua. I wonder how you will tell an expert is contributing. This forum thrives because we can make our contributions in good faith without "blowing our covers".

If you purchased KenGen IPO shares and made money or if your mama tells you you're and expert in stocks, chances are, you might not, shut up too.
Every member of this forum has a right to make their contribution in good faith. There is absolutely nothing wrong with members sharing their experiences as investors - even if they rub you / us up the wrong way while at it.

There are people with formal education beyond bachelors and some with long years of profession success, those are the people I want to listen to since they probably see a bigger picture.
Good luck finding out who they are. You need prayers and better luck if you decide to listen and shut out those you deem to be "experts" by virtue of their professional training or number of years they have logged on the job. If I listened every time my broker said buy or sell, I would have quit the market eons ago...(and he's suppossed to be the "expert". Ditto different fund managers.
And by the way, if you choose to wear blinkers and tune out "non-experts" you lose out on invaluable, money saving - money making advice.
There's a pharmacist (stockmaster) who's investment decisions are better than my brokers any day, and a non-architect (Pablo)whose advice on construction you'd pay through the nose to get.


Have a good friday


Maybe we should all reflect on the words of the desiderataagain
sparkly
#14 Posted : Saturday, September 03, 2011 9:58:06 AM
Rank: Elder


Joined: 9/23/2009
Posts: 8,083
Location: Enk are Nyirobi
@drunkard come slowly... your post on the quality of posts in wazua is well eh your opinion, which you are entitled to.
haven't you heard that the best advice is the simple advise that comes from the humble folk... the taxi drivers, messagers and receptionists?
Life is short. Live passionately.
earthvoice
#15 Posted : Saturday, September 03, 2011 10:50:55 AM
Rank: Member


Joined: 1/29/2011
Posts: 257
jasonhill wrote:
Many, many customers are fools - they pay insane markups and fees...

Fools drive all markets.

Applause Applause Applause
"All intelligent investing is value investing -- acquiring more than you are paying for. You must value the business in order to value the stock." - Charlie Munger.
Jamani
#16 Posted : Saturday, September 03, 2011 11:01:17 AM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
earthvoice wrote:
[quote=jasonhill]Many, many customers are fools - they pay insane markups and fees...

Fools drive all markets.
and so we have to give them a chance hear their comments and know when to sell to them or buy from them

erifloss
#17 Posted : Saturday, September 03, 2011 11:02:49 AM
Rank: Member


Joined: 6/21/2010
Posts: 514
Location: Nairobi
'I'm loving the way prices are falling coz i'm accumulating at every low' To me this never makes sense & maybe misleads newcomers. Its like either they've got an endless source of cash to lose or just plain talk. Why should you invest more of your cash when almost everyone even you agrees that the market will continue falling!
'They say money cannot buy me happiness but when i compare when i had none and now, i'm happier' Kevin O'leary
Kenyan Oracle
#18 Posted : Saturday, September 03, 2011 11:28:23 AM
Rank: Member


Joined: 5/31/2011
Posts: 250
DESIDERATA

......Listen to the dull and ignorant, they too have their story.

I got initiated into the world of stocks by an old man who was our office messenger, he didn't reach far in formal education. He retired a millionaire many times over not from his pension but.... you guess where.

Point to note he bought SCBK when it was 3bob, EABL @1.20 with the so many bonuses & splits way back in 1960something till now, What does it say about the common folk?
You lose money chasing women, but you never lose women chasing money - NAS
Kenyan Oracle
#19 Posted : Saturday, September 03, 2011 11:45:46 AM
Rank: Member


Joined: 5/31/2011
Posts: 250
Food for thought.

Would you rather listen to the Njenga Karumes or the likes of the Presidential Candidate with the 7degrees and several Masters but penniless?
You lose money chasing women, but you never lose women chasing money - NAS
Jamani
#20 Posted : Saturday, September 03, 2011 12:19:21 PM
Rank: Elder


Joined: 9/12/2006
Posts: 1,554
Kenyan Oracle wrote:
Food for thought.

Would you rather listen to the Njenga Karumes or the likes of the Presidential Candidate with the 7degrees and several Masters but penniless?


I would listen to the one with pennies
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