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We talk but we don't listen
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: 262
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: 262
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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