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Technical Analysis Fallacy

  • #35,501
  • Aug 6, 2012 10:59am Aug 6, 2012 10:59am
Quoting fti
peruse your balance sheet.
and look around you.


regards

When i was 16 i read a book "Rich dad poor dad"...one quote stuck with me

If you wanna know what is asset and what is liability....

Imagine yourself not working ...whatever brings money in is asset and whatever takes the money out is liability...

Now tell me a Home is an asset ....

V
  • #35,502
  • Aug 6, 2012 11:00am Aug 6, 2012 11:00am
Quoting phil13
Any asset can become a liability, it is just a question of how useful it is to you at any given time.


Regards


Phil.
champion.

regards
  • #35,503
  • Aug 6, 2012 11:01am Aug 6, 2012 11:01am
Quoting indianguyinny24
When i was 16 i read a book "Rich dad poor dad"...one quote stuck with me

If you wanna know what is asset and what is liability....

Imagine yourself not working ...whatever brings money in is asset and whatever takes the money out is liability...

Now tell me a Home is an asset ....

V
ya, is an asset.
to the developers, and the financiers.
Why does it have to be when you not working?


If you are the finaciier in full, then to you is an asset.


regards
  • #35,504
  • Aug 6, 2012 11:07am Aug 6, 2012 11:07am
Quoting Hilar
The dude at the top is burning fuel

The dude at the bottom is getting hella buffed
H.D
  • #35,505
  • Aug 6, 2012 11:11am Aug 6, 2012 11:11am
since we have such a thinking crowd.

are consumables, assets or liabilities?

regards

vic aloready knows the answer.

@ vic , is your 'home' to you an asset or a libility?
i not talking about the house now.
  • #35,506
  • Aug 6, 2012 11:14am Aug 6, 2012 11:14am
Quoting indianguyinny24

Now tell me a Home is an asset ....

V
it could be if population continues to grow and rental covers your mortgage
  • #35,507
  • Edited 11:54am Aug 6, 2012 11:21am | Edited 11:54am
Quoting kinky
it could be if population continues to grow and rental covers your mortgage
if that is so.
think carefully.
should you be classified an asset or a liability in the chain of the assets and liabilities?


regards

In accounting assets are on right of balance sheet., liabilities on left.
because most cultures take with the right hand and left hand does all the shitty stuff.
but they cleverly list your property on the right.
on the left is your morgage.

look carefully where your tenant list you.
Attached Image
  • #35,508
  • Aug 6, 2012 11:40am Aug 6, 2012 11:40am
Quoting fti

you think the one burning fuel has an asset?
hint:look on his right.

regards


No... I think the one at the top is burning fuel and the one at the bottom is getting hell buffed...

They both have assets and liabilities, if you understand accounting you will understand that there is a balance to both sides of a transaction.

The one at the top... Asset = car/ bike/ transport/ time saving vehicle/ asset

Liabilities will be running that vehicle/ fuel costs/ maintenance/ wear and tare

The one at the bottom... Asset = Physical strength gained by physical exhaustion/ opportunity cost of fuel saved by pushing instead of burning/ perhaps the satisfaction of hard work (a more psychological gain)

Liability = time wasted pushing when could have been traveling much faster/ still have the physical asset to pay off/ chance of exhaustion.

Sorry, don't mean to be a smart ass. Just calling it how I see it.
H.D
  • #35,509
  • Aug 6, 2012 11:40am Aug 6, 2012 11:40am
Quoting fti
since we have such a thinking crowd.

are consumables, assets or liabilities?

regards

vic aloready knows the answer.

@ vic , is your 'home' to you an asset or a libility?
i not talking about the house now.

Chief,

Without worrying being wrong... home is an asset...

House is a liabity...

though Home also depends on who LIVES IN it...( Home is made of people house is made of concrete)...


V
  • #35,510
  • Aug 6, 2012 12:00pm Aug 6, 2012 12:00pm
Quoting indianguyinny24
Chief,

Without worrying being wrong... home is an asset...

House is a liabity...

though Home also depends on who LIVES IN it...( Home is made of people house is made of concrete)...


V
think deeper.
"LIVES IN it"
  • #35,511
  • Aug 6, 2012 12:01pm Aug 6, 2012 12:01pm
... I think he's talking about you dude...
H.D
  • #35,512
  • Aug 6, 2012 12:01pm Aug 6, 2012 12:01pm
Quoting Hilar


No... I think the one at the top is burning fuel and the one at the bottom is getting hell buffed...

They both have assets and liabilities, if you understand accounting you will understand that there is a balance to both sides of a transaction.

The one at the top... Asset = car/ bike/ transport/ time saving vehicle/ asset

Liabilities will be running that vehicle/ fuel costs/ maintenance/ wear and tare

The one at the bottom... Asset = Physical strength gained by physical exhaustion/ opportunity cost of fuel saved by pushing...
see what i mean?
thats why i posted picture help you.
Is cowdung , asset or liabilities?

regards
  • #35,513
  • Aug 6, 2012 12:02pm Aug 6, 2012 12:02pm
Quoting fti
see what i mean?
thats why i posted picture help you.

regards
lol..

good one...
H.D
  • #35,514
  • Edited 12:20pm Aug 6, 2012 12:07pm | Edited 12:20pm
Quoting Hilar
lol..

good one...
no one answered about consumables.
ok which brings us to an important point.
productivity and purpose.


regards

refresher, boxing and rigidity. 4 parts on tube.
Inserted Video
  • #35,515
  • Aug 6, 2012 12:07pm Aug 6, 2012 12:07pm
Quoting fti
think deeper.
"LIVES IN it"



I live in it with family...emotionally it is an asset...financially liabity...

rest i am scratching my head...

V
  • #35,516
  • Aug 6, 2012 12:38pm Aug 6, 2012 12:38pm
for me...consumables are both assett and liability.
if at the end of the day you make money out of your consumables then they are assetts....if at the end of the day you lose money then they are liabilities.

if the consumables are needed then they can be considered assetts as long as they are good for you ...eg ..
if you choose consumables that are bad for you but fulfill the need then they are liabilities. eg ...salad and water are consumables that are needed for food and water....buit you could aslo have chosen beer and deep fried potatoe chips.
also depending upon conditions ...if you were stranded in a desert and had zero fluid but 100 cans of carlsberg beer...then the beer would now be an assett .
so depending upon your knowledge and understanding of things and your circumstances...consumables can be either liability or assett...
and this changes as circumstances change. and as knowledge changes.

it depends a lot on perspective
and the results only let you know if your perspective was right.
years ago people thought that putting asbestos in buildings was a great thing due to its fire resistance ..it was an assett..
now many have died....the results show it was liability.
maybe assetts and liabilities are can only be decided after the results have been reaped..and during it is maybe foolish to consider someting assett and something liability.
  • #35,517
  • Aug 6, 2012 12:53pm Aug 6, 2012 12:53pm
consumables?

To benefit or not to benefit.


You have to have them to enable you to go through your process, but they do not benefit you initially.


They are relative. You can not know asset/liability until you have processed them.


Regards


Phil.
-be careful about what you allow to be put in your mind-
  • #35,518
  • Aug 6, 2012 1:15pm Aug 6, 2012 1:15pm
By consumables are we refering to consumer consumables?
or to factory consumables (raw material, etc)

If by consuming(using) you are able to create "value" then it is an asset.
However, if by consuming you dont "generate" anything...the liability is not the consumable, but YOU.

Regards.

@Wallet: Thanks
  • #35,519
  • Edited 1:46pm Aug 6, 2012 1:29pm | Edited 1:46pm
all this is man manufactured.
because all asset liabilities.
and all of living has what is known as deminishing returns.
in fact nothing can be optimised as that deminishing returns curve mean changes with time and space.

is only all in the mind's ego.
If the eu disappears tomorrow, there will be other stuff come into place fill the void.
same as you destroy a species, and another will move into its space in a natural process.
imbalance will create balance, and balance will create imbalance.
Only the players change. Only constant is change.
man likes play with his mind only. his ego.
Yin Yang will persist.


regards

@ daytek, value is measurement by?
normally abuse.
  • #35,520
  • Aug 6, 2012 1:55pm Aug 6, 2012 1:55pm
Quoting fti
all this is man manufactured.
because all asset liabilities.
and all of living has what is known as deminishing returns.
in fact nothing can be optimised as that deminishing returns curve mean changes with time and space.

is only all in the mind's ego.
If the eu disappears tomorrow, there will be other stuff come into place fill the void.
same as you destroy a species, and another will move into its space in a natural process.
imbalance will create balance, and balance will create imbalance.
Only the players change. Only constant is change.
man...

i always get close to get the right answer but never Exact lol/.....

i was about to write..so even asset and liability is not permanent...

V
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