Annoying stock market expert guy

Discussion in 'The Pub' started by bsacamano, Mar 7, 2013.

  1. bsacamano

    bsacamano Member

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    I forgot to take my ipod on the airplane so it's my fault. Across the aisle from me is this dude in his late 40s, early 50s talking to the guy behind me. His investment strategy is to buy stocks approaching their 52 week lows. He doesn't have too much time to dedicate to researching investments so he's happy taking his 20% average annual returns. Who knew I'd be sitting next to the single greatest investor in the history of the public markets and that it would be at the back of a Southwest Airlines flight. He then goes on to say that since the market hit bottom in 2009, his portfolio has doubled. No freaking kidding? The Dow also doubled during that time. After an hour of this nonsense, I was dying to get of the plane.
     
  2. Pax

    Pax Silver Supporting Member

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    You didn't write him a check? Are you crazy.

    Well, that's it. You blew it. Once in a lifetime chance....gone.
     
  3. ToffeeBrown

    ToffeeBrown Member

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    I'd kill for a 20% annual return.
     
  4. Macentropist

    Macentropist Sliver supporting member sans tweezers Silver Supporting Member

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  5. sondich

    sondich Member

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    I love it when guys (it's always a dude) start talking in front of strangers about finances. Especially obnoxious are the ones appearing to negotiate 6 figure deals over the phone. Even their financial missteps are self serving, "I won't lose another $250,000..." Are we expected to believe it's an accident they're always talking loud enough for everyone to hear?

    Always happens in or around airports, for some reason.
     
  6. Adcantor

    Adcantor Senior Member

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    Have you ever overheard a loud conversation that you liked? I haven't.

    The money guys make me laugh the most - like you said: at the back of the plane.
     
  7. wilerty

    wilerty Member

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    He wasn't flying first class?
     
  8. donthasslethehoff

    donthasslethehoff Supporting Member

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    your upset cause you overheard a conversation about some guy that made some money/profit.......did I misread something
     
  9. Traintrack

    Traintrack Coolest Member Award Aug 2009 Silver Supporting Member

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    [​IMG]

    Everyone is an expert!
    Get back to me in 16 months....

    10 Reasons Apple's Stock Is Headed To $1,000
    May 25, 2012, 2:46 PM

    Piper Jaffray analyst Gene Munster doubled down on his $910 price target for Apple stock in the next 12 months in a research note released Friday

    :mad: it's all fun and games until someone gets hurt! :mad:
     
  10. hellbender

    hellbender Member

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    Only failure advertises.
     
  11. JWDubois

    JWDubois Member

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    He was probably less annoying than the "Investor Baby" commercials.
     
  12. twinrider1

    twinrider1 Member

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  13. LDS22

    LDS22 LFC Silver Supporting Member

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    exactly! strange phenomenon.
     
  14. RupertB

    RupertB Supporting Member

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    No, he is upset because he had to listen to an hour long self-aggrandizing ramble about:

    - His brilliant 52 week low strategy (read: BS)
    - His 20% average annual return (read: BS)
    - His portfolio performing as well as the Dow since 2009 (Nothing to brag about & probably BS as well).

    In all likelihood his porfolio got cut in half 2008-2009 but he isn't going to brag loudly about still being down 25% over 5 years.
     
  15. Structo

    Structo Member

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    The best return I have seen in individual stocks was 14%
     
  16. jtm622

    jtm622 Member

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    Was that guy's name "Lenny Dykstra" by any chance???
    I guess one could say that that guy was a lot like poor Lenny in that he was neither a stock market "fundamentalist" nor was he a "technician"...

    A more accurate description is that he was just one blind-ass lucky sombitch to be making anything other "minus 20%"...

    :)
     
  17. doghouseman

    doghouseman Member

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    I used to trade stock futures back in the 90s. Lost some money back then, BUT I learned a lot. Now my 401K allows me to move money into and out of the market. My 401K is up 50 percent over the last 4 years. I am averaging about 13 percent per year. I pulled all of my money out before the big crash.

    I got good at trading by lots of careful study. There is no easy answer to the markets. No secrets. Just like learning to play guitar, it requires some careful study and dedication, there are no shortcuts. Some people think they have found a short cut, a secret, like that guy on the plane, and then they get burned and they are right back to square one.

    All I can say now is that I am fully invested in this market upswing and I have been since the beginning of the year. It has been a great ride. And, this is one of the biggest things I have learned, I will not predict the market, I will let the market tell me when to get out.
     
  18. Washburnmemphis

    Washburnmemphis Member

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    True, you never hear from the guy bragging that he plans to dump his vintage Gibsons so that he can exclusively buy Behringer.
     

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