What to do when you are in cash, waiting for the market to correct?
This question reminds me of when I was a young broker, training to speak to affluent people without making myself look/sound like an idiot. My mentor would always tell me “never think with your own pocket.”
What does that mean?
It means, just because you’re a piker and can’t afford to spend 200k on a kitchen renovation, that doesn’t mean that everyone else is a piker. Never talk with your own pocket, no matter how big of a shot you think you are. There is always someone bigger. On the other hand, try to avoid exaggerating your position in life to the point people think you’re hallucinating. A good, young, manager of other people’s money is humble and listens to what is being said to him. He will filter the message and try to tackle the issue.
Now a good finance blogger will not call a roaring bull market boring, just because it’s dull for him. Just because you’re in cash doesn’t mean your readers are in cash. Moreover, if you’re bearish, don’t alienate 90% of the people who read you by ignoring them.
Another topic worth discussing is humor and how to use it.
Comedy is not for everyone. Some of us can spin a story and make it funny, others bring disaster to their names by feebly delivering hard to understand jokes. If you’re not funny in real life, odds are, you’re not funny on the interwebs.
Lastly, I want to discuss the matter of being abrasively cocky and how it pertains to being childish.
When blogging, try to avoid torching your readers with napalm. Ninety-nine percent of you will be unable to chastise your readers correctly, because you were spun from inferior silk. The texture of your outer-garments are of the burlap variety. Do not write in such a manner that you are abrasively cocky because that, my friends, is childish. No one listens to a child. They have no authority.
The best form of humor is the self-deprecating kind, mixed in with a little insanity. I find myself at home on iBC when the halls are polished, floors waxed and the population in a state of catatonic shock.
Class dismissed.
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I’m off to bed LMAO!
Question, wTf happened to MVIS and the picoP?
I have no idea.
self-deprEcating, ol sport.
Thanks Gatsby
LOL I was just about to type something to that effect.
Fly, this is probably slightly more of a PPT question, as I’m trying to make a “high quality” screen, but what are your favorite metrics when look at stocks? For me personally, I look at free cash flow/ share (and how that company is using it (buybacks/divs/growth) and couple that with some type of relevant valuation metric (ev/ebitda, p/e, etc)… Also will look at shareholder bases, read research to see how analysts consider growth/see if there is a discrepancy between what I believe vs. what they say, read transcripts, and read a firm presentation.
Obviously this is pretty broad, but do you think I’m missing anything, quantitatively or qualitatively?
To be more specific, part of what I’m trying to fine tune a screen in the PPT… I’ve got a screen called Cheap Div Yielders, where I look at 1+ upward EPS revisions, min 2% yield, under 20 forward p/e, under 25 p/fcf, >50% institution owned.
This type of screen wouldn’t work too well with REITs/MLPs/energy companies, as well as some others, probably, but i am curious to hear your thoughts, if possible.
I really like ROE and qt rev growth and earnings.
Very helpful.
Thanks
Comedy is the ultimate IQ test. If one does not understand the concept of humour they are most likely retarded or a liberal. It is what it is.
Awaiting moderation? I just fucked you in the ass!,
Hey Fly. You called the top like 9 times in the last 6 weeks!
9 times? 6 weeks?
Now, you should examine your statement. Look very closely, as I was 140% long as of two weeks ago.
Surely your brain functions well enough to know that I said very specifically, this is the finale, meaning this week.
I’ve said since Jan, we’re going up until tax day.
BTW: I made money on all of my shorts,
Fly calls a top… Go long pal
OK, BANNED
Fake Amosh. Get back in the sewer.
Ooooooo! I’m shakin. ( no costanza)
Now you’re not shaking, because you’re dead.
Where do these people come from?
This wretched miasma bubbles from ancient black tar pits of wooleyed mastodons and attempts to blanket even the most leavened social slices of life.
One day Senor Fly is gonna stop this blog and every small pleb will lose the only voice they can truly trust. That will be a dark day. Let it not be caused by absolute fucktards.
Never fear. The Fly has the skin of an alligators and can withstand these barrages as he is in a constant state of war.
Nancy Sinatra had a pair of boots made from The Fly’s hide.
Rollin’ Rollin’ Rollin’
Keep movin’, movin’, movin’,
Though they’re disapprovin’,
Keep them readers movin’ Fly hide!
Don’t try to understand ’em,
Just rope and throw and grab ’em,
Soon we’ll be living high and wide.
Boy my heart’s calculatin’
My true love will be waitin’, be waiting at the end of my ride.
Move ’em on, head ’em up,
Head ’em up, move ’em out,
Move ’em on, head ’em out FLy hide!
Set ’em out, ride ’em in
Ride ’em in, let ’em out,
Cut ’em out, ride ’em in Fly hide.
Great song
off topic…where do you see GTAT in the near??
Sir Fly, Does your palace have mirrors?
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