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14 comments:
Before anyone gets the wrong idea, there is a point in the video where I throw a toy for Roscoe with my left hand. I am right handed, I am not the spaz I appear to be as I throw with my other hand. Chuckle.
Roger,
best...video...ever...
those dogs in the background are classic.
good message, too.
Roger,
I can see your point, but, sorry for saying this but I touch my family jewls and hope will never have a bad year. I am trying to get some info on Babson and the tools that he used to avoid the '29 crash. If anyone has something on Babson and his tools it would be interesting to have such discussion so we can all learn. Roger and RW, it is important to avoid big losses, agree. I am putting such challenge - BABSON and his TOOLS.
Best,
Jeff from Milan, Italy
Jeff from Milan,
Roger Babson is known for giving a speech on September 5th, 1929, saying "Sooner or later a crash is coming, and it may be terrific". Later that day the stock market declined by about 3%. This became known as the "Babson Break". The
crash followed 3 weeks later.
The truth is Babson was calling for a crash years before 1929. He missed most of the runup into the '29 peak. I'm not sure I would want to be a follower of Babson's methodology (if he had one).
Silly and WAY O/T--You obviously enjoy maoney management and won't be replacing Brett Favre if he ever retires. What would you have done if you weren't in the financial industry? Full time firefighter?
Let us hope we all never do anything truly stupid.
Jeff,
I'm trying to digest your first sentence - wondering if there is a translation issue...
Be careful chasing "the" model for investing success or you might go crazy. Kind of like looking for the Holy Grail, IMO.
Best of luck though!
gregck3,
It is interesting tha Babson called the crash and when prices began to dive Fisher started to call for recovery of prices while Graham lost most using value investing. All of these have a place. I too look and see if prices relative to value of a company. All of these have merits, then one must find his style in avoiding losses and maximazing profits. Roger seems to have a good handle as well as RW, Bill B, Mike C., Clive and many others. But feel that I can learn from Bobson just like I have learned from Graham and Buffett. I keep my finger crossed that I will never have a loss. One thing, I have lost aal because of a wrong marriage. Devastating psycolagically, morally and physical. So I know what it means loosing all. One book I was reading, perhaps was the money game by adam smith, it was saying that the market is like a woman. From that point on I never take the market for granted. I am not at easy when trading. The market can turn from bad to worse, and from worse to good on a dime. For those that try to forcast it is like catching a mood of a waman on a portical moment. Can you tell me what the mood is going to be a yera from now? Hardly any one. So I have learned that, but since I am new, I feel that I can learn lots more and looking at what ever I can get. Babson, even though he missed 3 years of a stock market, like to know and see what he saw to make him say what he sayed on september, 2009. By learning I think I can maximize profits
Jeff from Milan, Italy
gregck3,
It is interesting that Babson called the crash and when prices began to dive Fisher started to call for recovery of prices while Graham lost most using value investing. All of these have a place. I too look and see if prices relative to value of a company. All of these have merits, and then one must find his style in avoiding losses and maximizing profits. Roger seems to have a good handle as well as RW, Bill B, Mike C., Clive and many others. But feel that I can learn from Babson just like I have learned from Graham and Buffett. I keep my finger crossed that I will never have a loss. One thing, I have lost all because of a wrong marriage. That is devastating psychologically, morally and physical. So I know what it means loosing all. One book I was reading, perhaps was the money game by adam smith, it was saying that the market is like a woman. From that point on I never take the market for granted. I am not at easy when trading. The market can turn from bad to worse, and from worse to good on a dime. For those that try to forecast it is like catching a mood of a woman on a specific moment. Can you tell me what the mood is going to be a year from now; Hardly any one. So I have learned that, but since I am new, I feel that I can learn lots more and looking at what ever I can get. Babson, even though he missed 3 years of a stock market, like to know and see what he saw to make him say what he said on September, 2009. By learning I think I can maximize profits.
Jeff from Milan, Italy
P.S. Anon 11:12 – If I was not inquisitive I would not be where I am today, and married to the devil.
thanks for the kind word anon.
as far as the Favre heckel; It was my other hand! LOL
Full time firefighter? We fight wild fires out in the open and if things get squirrelly we jsut back up. Not so in a structure fire.
What would i do if not this is like asking what would you like to do if you didn;t like any of the things you like.
I get a visual of the scene from Seinfeld where George discusses his career options after quitting/getting fired by Rick Barr Realty. He thinks he could be a baseball announcer, you know because of all of his witty observations.
Excuse me , what is a heckel? Is that like a shmekele? My English may not be so good, but I am sure I have never seen this word before.
Sid from Israel
typo heckle as in tease
Watching Roger in this video with the dogs triple teaming him is like trying to talk to the broker at the Fido office with CNBC running in the background. You have to tune out the noise.
The dogs are a *lot* more interesting than most of CNBC!
I watched this twice, once for Roger and again for the dogs. Maybe the dogs should have their own podcast?
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