[abb]

Milhous, do you remember when you and I had those conversations about ‘book value’ and ‘goodwill’ and how the newspapers were but a hollow gourd of value and that they would have to have huge writedowns on their balance sheets? That was almost two years ago.

Tell me why we didn’t take Grampa Dave’s advice and short those stocks back then.

Sigh...

[Godwin1]

“Of color.” What a bizarre formulation. Everyone has a color. Or isn’t white a color now?

[Milhous]

An arbitrary expiration date keeps me from writing short contracts. Knowing a trend is one thing. Predicting its precise timing is quite another. Especially when irrational elephants with more money than sense (Falcone) briefly push up the stock price. Investors end up paying when a short contract arbitrarily expires during such nonsense.

[Grampa Dave]

abb to Milhous; Grampa Dave
Milhous, do you remember when you and I had those conversations about ‘book value’ and ‘goodwill’ and how the newspapers were but a hollow gourd of value and that they would have to have huge writedowns on their balance sheets? That was almost two years ago.

Tell me why we didn’t take Grampa Dave’s advice and short those stocks back then.”

Shortly after the 2004 elections, I started shedding mutual funds which had raves from the liberals posing as investment gurus. It was amazing how many of the loser funds held large amounts of the dinosaur fishwraps and other parts of the MSM.

I think that I started using the term Enronning their share holders and advertisers, to describe these losers about 2 years ago.

Besides the mutual funds, how much of these worthless stocks have been gobbled up by state retirement funds, crappy IRA/401 K’s and other retirement funds?