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davidrmoran
I myself see a big pullback coming in the next six months but I don’t know that I have ever been correct over 45 years. I will put a lot of money in if a 10% pullback comes. I expect you r being prudent depending on how old you are. The thing is, if you’re young, you might as well stick it out and not try to time. He said.
Cogent defense? Are you ever going to explain this?:
>> ... good education is for those who can afford private primary, secondary and college education. The others get pseudo education, ... Don't question the quality of primary and secondary …
So ... you gonna back up what you say, or just walk and dismiss when someone calls bullshit?
>> good education is for those who can afford private primary, secondary and college education. The others get pseudo education, ... Don't question …
Dex,
>> ... blame the victims/kids. They are the failures because they didn't "hit it hard".
>> That just shows how distorted education has come in this country. Education was to be the great equalizer. But, good education is for those…
>> Why have primary and secondary education failed the students
Who poses that question?
The kids today who hit it hard in HS and college in this country are immensely well-educated, in my experience, and not small in number at all.
Dex, I myself remain a strong believe in hardcore liberal arts along with hardcore STEM insofar as tolerable. The literature in the area, practical, idealistic, polemical, traditional, newfangled, whatever is vast. You will have to do your own googl…
No one, certainly not I, is saying tuition growth has not been worse than wack. Yes, disconnected from value of higher ed. The next area to analyze is what higher ed should consist in. Some compelling (data-based) args for liberal arts, but it will …
>> colleges ... are there for their enrichment
There are lots of things wrong if you follow the money path, yup, and too many admins and many overpaid top people, yup, but this assertion is nonsense for the dozen private universities I have f…
An investment forum will be reengaged with this yesterday news insofar as it seriously affects the euro. Make up your mind whether or not you want pertinence. It is as though discussion have to meet your personal criteria, or something. Can it be?
Did you answer this? I missed it.
>> I am in no mood for ... even a 1.5% or 2% decline.
So how do you equity-invest at all if you do not ever want to see a 1.5% decline ?
Violent agreement, directives or no.
Re moneys I was speaking socially morally; should've been clearer.
Not a 'distant consideration' at all, unless one thinks of spending not-own-moneys like, you know, littering.
>> At my age and financial situation I am in no mood for any drawdown in my total nest egg - even a 1.5% or 2% decline.
How do you invest meaningfully at all?
Or did you, given your next sentence.
yeah, with true endstage anything you really want to have the reasonable assurances of an experienced and savvy clinician (or three) that this is going mostly probably to make a meaningful difference. Else what's the point, seriously. And there is a…
To repeat postings (Krug) rather than just tell someone to go read up:
\\\ ... the Greek government should be ready, if necessary, to leave the euro.
To understand why I say this, you need to realize that most — not all, but most — of what you’ve h…
clacy, you are going to need to read up more about this; lots of posts and links already, but while some of what you say is not wrong, it's not the story, really, and not what caused the mess.
Dex,
Education also can help prevent drawing wrong conclusions, for example somehow connecting realization of how little one knows to dumbness. Or something.
All of the cost future wrenching is going to be amazing to watch shake out, as it both …
TB, nonsense. Learned skills change drastically and quickly. Education lets you adapt better and more readily develop new skills. Lots of data behind this, especially for, oddly, liberal arts.
Everyone in coastal areas will be depressed in a decade or two, in all senses of the word. Maybe there will be a rising-seas etf soon. New dike, stilt, pump technologies. I gotta go trademark some of these words....
I don't get why this guy and this series always include smallcaps, which skews everything and by definition prevents inclusion of the good performers in the larger group under discussion. Every time Ted posts one of these interesting (almost) articl…
Back when we were all in college, a half-century ago, yeah, but we are all scattered and do not see one another regularly anymore. He sends me papers to edit, which I do though they need little, and we discuss economics, though I got nothing to cont…
Much of this area and technology-jobs link is also a bit counterintuitive, globally, at least to pols (something a sib of mine wrote):
http://www.voxeu.org/article/tpp-fdi-and-good-jobs-us
Nah, I love long posts that are on point with substantiation, and I believe have not taken shots at you when you achieve that. I do sense you like to hear yourself go on, though, and many here have commented on that tendency, and so I mention it onl…
MJG,
Pointing out that you do not really know what you are talking about a fair amount of the time, however much you say you read and give links and go on at such length, and pointing out in this case that you do not keep up, is hardly vituperative…
MJG,
>> overarching view on this matter is that the poverty level in the USA has been mostly static since President Johnson's War on Poverty in the mid-1960s. ... The political solutions have mostly failed.
Wow, you really don't keep up, do …
LB, right. Most economists cannot understand the fierce defense of low inheritance tax. There has been more recent good work superseding and confirming Blodget; will see if I can find. VAT and sales stuff is regressive. All true.
The poor are getting richer in some senses, without question (cellphones, TVs), but MJG, for someone who seems to read so much, tries to show it, gini included, I can only wonder how you miss important work. '... does not necessarily mean': well, ye…
>> I believe we have all earned our rewards.
Doubtless mostly true here, but you must not know any plutocrats :). Or indeed the lucky ones who made enormous killings in the tech or the real estate bubbles.
More broadly, we are fortunate. I…
I did not say that; you missed nothing. I implied he was overpaid, horribly so, a posterboy for same. Well worth dissing, and I am just one of millions who feel so about that particular self-rewarding guy. Read the Fortune link, and honor him yourse…
Anna, thanks. I have been reading Burns for decades, though evidently not quite registering the trends of his thinking. I like 'decedents' but know you meant descendants.
little5bee, not sure what your point is; no one said Ellison did not build a…
Yes, right, multipliers, and channels of flow; I just am not informed enough to think all of this through. Doubtless there are papers, also actual data about what Ellison does with all of his yearly multimillions, insofar as it can be sleuthed. I ju…
msf,
My EJ quote was not from you but Charles.
Most 1% advisers I know, from small ones in Wisconsin to big ones like Edelman, and maybe even Fido, do include (at least via initial questionnaire plus periodic review) planning for big purchases / …
>> I thought EJ would pocket the front load
I have done a fair amount of writing fee structure docs (including for Fido, more recently for Belgian sicavs), and I don't think this has ever been the case, going to back to Channing days decades…
