Sirius XM December 2015 Thread - Make Money, Have Fun!

[midas360]

Are Charles and Spencer the same guy? I remember asking this question before and getting the answer but I always get confused.

[SlapShot27]

Are Charles and Spencer the same guy? I remember asking this question before and getting the answer but I always get confused.

I believe that Charles is John Malone and Spencer is Greg Maffei

[midas360]

Now that would be great! HAHA Could you imagine?

I believe that Charles is John Malone and Spencer is Greg Maffei

[MUSCLE13]

I was rereading Beating the Street by Peter Lynch yesterday. Greatest book on investing ever written. From the 25 Golden Rules -

“Often, there is no correlation between the success of a company’s operations and the success of its stock over a few months or even a few years. In the long term, there is a 100 percent correlation between the success of the company and the success of its stock. This disparity is the key to making money; it pays to be patient, and to own successful companies.” - Peter Lynch

And you guys wonder why Pandora's stock price skyrocketed and then fell flat on its face. Business models matter! You gotta make money! This is not a casino. It's not a game. It's a matter of earnings.

[user34615145]

I was rereading Beating the Street by Peter Lynch yesterday. Greatest book on investing ever written. From the 25 Golden Rules -

“Often, there is no correlation between the success of a company’s operations and the success of its stock over a few months or even a few years. In the long term, there is a 100 percent correlation between the success of the company and the success of its stock. This disparity is the key to making money; it pays to be patient, and to own successful companies.” - Peter Lynch

And you guys wonder why Pandora's stock price skyrocketed and then fell flat on its face. Business models matter! You gotta make money! This is not a casino. It's not a game. It's a matter of earnings.

It certainly is reassuring that Mr Lynch can promise a 100% correlation between the success of a company and the success of it's stock - in the "long term". Now, can you please ask Mr. Lynch what, exactly, is his defintion of "long term"?

Oh, that's right, you can't ask him because he is no longer with us. I wonder if, when Mr Lynch passed on, he was still waiting for some of his individual equity holdings to eventually correlate to their business operations or whether he simply ran out of time.

Time is a funny thing. Every place in the entire world is within walking distance.... In the "long term".

[MUSCLE13]

It certainly is reassuring that Mr Lynch can promise a 100% correlation between the success of a company and the success of it's stock - in the "long term". Now, can you please ask Mr. Lynch what, exactly, is his defintion of "long term"?

Oh, that's right, you can't ask him because he is no longer with us. I wonder if, when Mr Lynch passed on, he was still waiting for some of his individual equity holdings to eventually correlate to their business operations or whether he simply ran out of time.

Time is a funny thing. Every place in the entire world is within walking distance.... In the "long term".

Over his 13 year period running Magellan Peter Lynch was the best performing mutual fund manager in history. And he isn't dead. He retired at 46 years old.

[user34615145]

Over his 13 year period running Magellan Peter Lynch was the best performing mutual fund manager in history. And he isn't dead. He retired at 46 years old.

Not knocking the guy. Just like I don't knock Jack Nicholas. Both the best at their game in their prime. I certainly cannot claim to be in either of their orbits....and I did think Lynch died of cancer years ago so I stand corrected. I guess then, maybe we can ask him what that definition of "long term" is.....when you quote him he references "a few months to a few years". So how long do you hold a stock when it's stock price is out of synch with it's fundamentals? In my mind, I guess that depends on if you are getting paid to wait with a nice dividend, or if you need the money for some other venture....but what is the opportunity cost of holding a stock that is underperforming and/or how long can one ride a stock that is overvalued before it returns to the norm?

My point is that the dinosaurs died off waiting for "long term" climate change to warm things back up. If you want to wait years or decades for your ship to come in my friend, good for you. I'm not that patient. On the flip side, I agree with you that even the best traders in the world will lose money trying to time the market 100% of the time.

[MUSCLE13]

Not knocking the guy. Just like I don't knock Jack Nicholas. Both the best at their game in their prime. I certainly cannot claim to be in either of their orbits....and I did think Lynch died of cancer years ago so I stand corrected. I guess then, maybe we can ask him what that definition of "long term" is.....when you quote him he references "a few months to a few years". So how long do you hold a stock when it's stock price is out of synch with it's fundamentals? In my mind, I guess that depends on if you are getting paid to wait with a nice dividend, or if you need the money for some other venture....but what is the opportunity cost of holding a stock that is underperforming and/or how long can one ride a stock that is overvalued before it returns to the norm?

My point is that the dinosaurs died off waiting for "long term" climate change to warm things back up. If you want to wait years or decades for your ship to come in my friend, good for you. I'm not that patient. On the flip side, I agree with you that even the best traders in the world will lose money trying to time the market 100% of the time.

Both Buffett and Lynch subscribe to the hold forever theory on great companies with great managements. But he means sometimes it takes 5-10 years for a stock to trade reasonably on earnings fundamentals. He also recommends 6 month check-ups on stocks to make sure price is still reasonable compared to earnings growth. You don't want to stay in overvalued companies.

Look Brandon I told you 10 years ago to pay attention to EBITDA. You laughed at me, wrote songs about making fun of EBITDA, and I became a millionaire during the 10 years. And you are still laughing and making fun and making up names on message boards. Do yourself a favor and go buy Lynch's book and read it. It helped me 20 years ago. I am re-reading it again. I'm also reading Bogle's Little Book on Common Sense Investing right now. Bogle is another stock market genius like Lynch and Buffett.

[user34615145]

Both Buffett and Lynch subscribe to the hold forever theory on great companies with great managements. But he means sometimes it takes 5-10 years for a stock to trade reasonably on earnings fundamentals. He also recommends 6 month check-ups on stocks to make sure price is still reasonable compared to earnings growth. You don't want to stay in overvalued companies.

Look Brandon I told you 10 years ago to pay attention to EBITDA. You laughed at me, wrote songs about making fun of EBITDA, and I became a millionaire during the 10 years. And you are still laughing and making fun and making up names on message boards. Do yourself a favor and go buy Lynch's book and read it. It helped me 20 years ago. I am re-reading it again. I'm also reading Bogle's Little Book on Common Sense Investing right now. Bogle is another stock market genius like Lynch and Buffett.

Look Spencer, if I have sit and hold a stock 5-10 years for it to eventually trade the way it should have traded all along, then I will look elsewhere to invest thank you very much. There are plenty of other fine companies out there to invest in, to trade, to buy and hold, or do whatever with where the stock does act in a reasonable proximity to it's fundamentals. Why own a dysfunctional stock when there are so many other alternatives that behave rationally and reasonably? Why marry a crazy f*cked up bitch when there are so many fine looking women to date in the universe?

(although "crazy" can sure make for some memorable lost weekends! )

I'm sorry someone made fun of you and wrote silly songs and called you names when you were young. Something like that can certainly leave a scar on one's delicate psyche and really explains a lot. I didn't know you had it so rough, but I had nothing to do with that.

[MUSCLE13]

I suggest $10 or $15 books on Amazon from investment geniuses and I get back you know better nonsense. Whatever...............Some people just don't want to learn. Good luck with your nonsense.