Forum Archive Index - April 2000

["hugh webber" <hugh.webber@clear.net.nz>]

don't really see what you're whinging about Gerry, that's a pretty solid
set of pics apart from Aquaria (prob nuff said on that without turning the
knife).
I think RIL loves wallowing in the agony but that's really taking place on
Wall
St in the Nasdaq not here and I see South Korea had a more convincing 11%
drop versus the NZSE's modest 5% so South Korea might be more receptive.
(Anyone got the Internet site address for the South Korean Sharechat so we
can pass it on?)
Personally I'd be careful about chucking aspersions around re education, I
should
imagine there's at least one PHD in Economics reading or contributing to
Sharechat
and it doesn't really prove anything anyway when you consider neither Sir
Ron B
nor Sir Bob J (who has a few things to be ashamed of anyway) are degreed
people.
I recall interviewing a PHD in Economics who had worked at Treasury for a
job once,
fascinating fellow, but he was, shall we say um inappropriate for actually
getting
a job done.
I think its sort of shooting oneself in the foot to pick the market that's
soundest
on fundamental valuations in the world (the NZSE) as the most likely target
for collapsing in a heap....

cheers,
hugh

----------
> From: Gerry Tyler-Smith <g.tylersmith@ext.canterbury.ac.nz>
> To: sharechat@sharechat.co.nz
> Subject: Re: [sharechat] Interest rate plays this week?
> Date: Monday, 17 April 2000 19:54
> 
> "...so young a body with so old a head."  (Merchant of Venice in case Bad
> Boy (or Girl)  RIL  wishes to castigate us further for our lack of
> education...
> 
> 
> You wrote:  "  My thought is that this downward plunge will be enough to
> bring consumer spending to a major halt (what little fraction of the CPI
> numbers  there is beyond the oil contribution...) so as to require a
> softening of  interest rates lest the US consumers do lose ALL confidence
> and indeed do bring  on a severe economic depression.  No doubt a
recession
> has started.   It has started very quickly too, and Greenspan will not be
> looking to spend his  last term in office stuck in a depression."  
> 
> Very perceptive ... one must never underestimate the power of the ego of
> those in power ... but what do I know...?  Look at  my Nufarm,  Fletcher
> Building, oh God, POA;   even my dear little Nuplex...?  And as for
> Aquaria, even wise, honest  young David McEwen was recommending it!  Oiy
> vay!   "Ships are but boards, sailors but men; there be land-rats and
water
> rats, land thieves and water thieves ...'
> 
> Though, Oliver, I think you are again very wise to have many small
holdings
> ... Warren Buffet had enough clout (remember, he is the son of a
> stockbroker), to actually visit, interview, inspect etc, any company he
was
> willing to put millions $ into ...  From looking at the dismal splash of
> red adjacent to many of  my holdings today, i can't help but agree with
Bob
> Jones's chum old Ron Brierly regarding the virtues of  many diversified
> holdings of 'interesting' stocks ... some of my diversified holdings 
have
> only gone down a cent or two ...eg, HLG, CDL, AFFCO, WHS... If I'd done
as
> my stockbroker advised, and had large holdings in only five or six
> companies,  I would now  be whinging much more expansively, and had much
> less entertainment in getting to this  nadir in my abysmal career as an
> investor ...
> 
> 
> 
>
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