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Cesarnc's market talk, gossips, rumours & fun

  • #15,321
  • May 26, 2009 2:45pm May 26, 2009 2:45pm
It's one of those weeks already... pulled in all directions.

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This is really the only sane place to post anymore where you can get things the way They Really Are. I'm going to go get my pillow, towel, and toothbrush and move in for awhile...
FUBAR...
  • #15,322
  • May 26, 2009 2:51pm May 26, 2009 2:51pm
I did get a kick out of this tho...

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File Type: mpeg WhatOldPeopleDoForFun.mpeg   2.7 MB | 392 downloads
FUBAR...
  • #15,323
  • May 26, 2009 3:02pm May 26, 2009 3:02pm
Now seriously, gotta tellya...

Just reached the 600ish page of Buffet's book Snowball.

Awesome book, just awesome.

I still refuse to lable "legend" or "oracle" guys like Buffet or Steven Jobs. They didn't get where they are by the touch of some god, or special skills...

They just WORK THEIR ASSES OFF, while many of us are laying down, thinking that we'd like to be millionaires

And while they are just working another day, placing another brick in their buildings, we are spending a SHITLOAD of money at fancy economy classes (thus making OTHER PEOPLE RICH - yeah MORON ), reading self-help books, watching Oprah. And more recently, being convinced we can get what we want by simply THINKING ABOUT it, some freaking Law of Attraction - WTF?????

This is a must-read book, people. A must-read...
  • #15,324
  • May 26, 2009 3:32pm May 26, 2009 3:32pm
you would think so... but you'd be surprised. sorry to disappoint you, but no empire is built on honesty or honest work.

Quoting cesarnc
I still refuse to lable "legend" or "oracle" guys like Buffet or Steven Jobs. They didn't get where they are by the touch of some god, or special skills...

They just WORK THEIR ASSES OFF, while many of us are laying down, thinking that we'd like to be millionaires
Nihil Sine Deo.
  • #15,325
  • May 26, 2009 3:45pm May 26, 2009 3:45pm
Quoting Scrat
you would think so... but you'd be surprised. sorry to disappoint you, but no empire is built on honesty or honest work.
I didn't say honest work. I said "hard work"
  • #15,326
  • May 26, 2009 4:34pm May 26, 2009 4:34pm
Quoting cesarnc
I didn't say honest work. I said "hard work"
Billionare "clusters"; how they got there.
  • #15,327
  • May 26, 2009 4:51pm May 26, 2009 4:51pm
Quoting cesarnc
And more recently, being convinced we can get what we want by simply THINKING ABOUT it...
Funny you mention it... I was just thinking about that as well.
FUBAR...
  • #15,328
  • May 26, 2009 5:20pm May 26, 2009 5:20pm
my bad. true. but i always thought that only honest work is hard work. the other kind... is not - if you can call that work, of course.
does that make any sense?

take soros, for example. how smart he was and how hard he must have worked to setup that charade when bank of england almost went "bankrupt". come on! he couldn't have done it in a billion years. it's not the hard work... it never was and it will never be. it's something else .

oh well.

Quoting cesarnc
I didn't say honest work. I said "hard work"
Nihil Sine Deo.
  • #15,329
  • May 26, 2009 6:26pm May 26, 2009 6:26pm
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The Chonchy
  • #15,330
  • May 26, 2009 7:05pm May 26, 2009 7:05pm
Quoting Scrat
my bad. true. but i always thought that only honest work is hard work. the other kind... is not - if you can call that work, of course.
does that make any sense?

take soros, for example. how smart he was and how hard he must have worked to setup that charade when bank of england almost went "bankrupt". come on! he couldn't have done it in a billion years. it's not the hard work... it never was and it will never be. it's something else .

oh well.
Actually we the discussion would be what is "dishonest". Dishonest, to me, is practicing illegal procedures.

They say that behind every fortune lies a crime, I don't know... Of course neither Buffet nor Steven Jobs nor Richard Branson would disclose their bad practices.

Actually, Branson assumed he went back and forth the board with bootlegged records to sell at a nice lil store called Virgin.

People could call "dishonest" some of Buffet's and Job's practices, like dumping huge bonuses off the balance sheet as to maximize the shareholder's profits (like he did to Salomon).

Or when Jobs doesn't open iPod's code, so you can only download music from ITunes...

I don't think these are dishonest practices... Lobbying with the government? No... Illegal campaign contributions? Yes...

But overall, those 3 gentlemen became what they are with hard work. Forget, "vision", "inspiration". They thought one thing and got along with it. They made mistakes, too.

What is hard to swallow is the loser's everlasting motto: "they are exceptions, they are gifted by God, I'm just an average Joe, Oh poor me, oh poor me"...
  • #15,331
  • May 27, 2009 5:39am May 27, 2009 5:39am
GM's need for additional financing, as much as $50 billion sources tell CNBC, means a hefty investment by the U.S. government in the automaker, so that GM can reorganize. As such, the U.S. government will take up a 70 percent stake in General Motors, sources say. Additionally, in exchange for the roughly $8 billion in aid it is expected to pony up as well, the Canadian government also will likely receive a small stake in the GM.Such an arrangement would leave bondholders back where they started -- and a bankruptcy protection filing all but certain. The deadline for GM's bondholders to tender their debt was midnight Tuesday. If bondholders representing 90 percent of GM's unsecured debt -- about $24 billion -- did not agree to the exchange, GM has said it will file for bankruptcy protection.
  • #15,332
  • May 27, 2009 7:55am May 27, 2009 7:55am
I'm going to file for bankruptcy, man
The Chonchy
  • #15,333
  • May 27, 2009 9:40am May 27, 2009 9:40am
Quoting chonchy
I'm going to file for bankruptcy, man
Gone long euro, this am?
  • #15,334
  • May 27, 2009 9:47am May 27, 2009 9:47am
Today I took a small bite of the company Gafisa, also listed in NYSE (GFA - $19,24 +0.57%).

It's dedicated to homebuilding and one of its area of expertise is popular homes.

The bright side is that Brazilian government launched a HUUUUUUUUGEEE plan to build popular houses in the next 2 or 3 years, total R$ 30 Bn ($15 Bn) and GAFISA is one of the best positioned companies in this area and will bite a SERIOUS CHUNK of that cash.

In Brazil now trading at R$ 19,30, it's fair value estimated at R$ 35,00.
  • #15,335
  • May 27, 2009 6:38pm May 27, 2009 6:38pm
"For Investors, Short Term Is Now a Long-Term Strategy"
- CNBC

That means: forex brokers will have to come up with the 15 sec chart ASAP.
  • #15,336
  • May 27, 2009 7:25pm May 27, 2009 7:25pm
Quoting cesarnc
Today I took a small bite of the company Gafisa, also listed in NYSE (GFA - $19,24 +0.57%).

It's dedicated to homebuilding and one of its area of expertise is popular homes.

The bright side is that Brazilian government launched a HUUUUUUUUGEEE plan to build popular houses in the next 2 or 3 years, total R$ 30 Bn ($15 Bn) and GAFISA is one of the best positioned companies in this area and will bite a SERIOUS CHUNK of that cash.

In Brazil now trading at R$ 19,30, it's fair value estimated at R$ 35,00.

hmmm looks like its forming a bull flag on the daily

http://stockcharts.com/h-sc/ui?s=gfa
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #15,337
  • May 27, 2009 11:58pm May 27, 2009 11:58pm
Quoting cesarnc
Gone long euro, this am?
euro what? e/a, e/b, e/c, e/d, e/e, e/f, e/g, h, i, j, k, l, n, m.......................
The Chonchy
  • #15,338
  • May 28, 2009 5:03am May 28, 2009 5:03am
Quoting djambazov84
hmmm looks like its forming a bull flag on the daily

http://stockcharts.com/h-sc/ui?s=gfa
Exactly
  • #15,339
  • May 28, 2009 5:04am May 28, 2009 5:04am
Quoting chonchy
euro what? e/a, e/b, e/c, e/d, e/e, e/f, e/g, h, i, j, k, l, n, m.......................
Gotta tellya, I was sure it would crack 1.4 without any mercy this week

Good ol' forex...
  • #15,340
  • May 28, 2009 6:41am May 28, 2009 6:41am
Quoting cesarnc
Gotta tellya, I was sure it would crack 1.4 without any mercy this week

Good ol' forex...
you only do stocks cesar, and petro, no currecncy's any more?
The Chonchy
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