check out this cartoon powerpoint, its a nice illustration of what goes on in the credit markets:
http://docs.google.com/TeamPresent?r...&skipauth=true
this is not only absolutely hilarious, but it also presents some very wise lessons for investors. as you guys have seen recently, i am a big fan of breaking down market mechanics into their simplest form to expose the mathematical truth of the instrument, market, order etc etc. there is no way to turn shit into value, as is perfectly illustrated in this cartoon. if you put shit in, you get shit out, there is no way around it LOL. many people get fooled when these wallstreet geniuses complicate simple matters, thats why we as prudent speculators must remain skeptics, and evaluate instruments on their most basic level.
http://docs.google.com/TeamPresent?r...&skipauth=true
this is not only absolutely hilarious, but it also presents some very wise lessons for investors. as you guys have seen recently, i am a big fan of breaking down market mechanics into their simplest form to expose the mathematical truth of the instrument, market, order etc etc. there is no way to turn shit into value, as is perfectly illustrated in this cartoon. if you put shit in, you get shit out, there is no way around it LOL. many people get fooled when these wallstreet geniuses complicate simple matters, thats why we as prudent speculators must remain skeptics, and evaluate instruments on their most basic level.
Relax and be happy.