Since Tex isn’t here to speak for himself, can anyone elaborate on this?Smith1776 wrote: ↑Thu Jan 23, 2020 11:43 pmMediumTex abandoned the PP at one point?MediumTex wrote: i really abandoned the pp because after watching the bond action i did not want to place such a big bet on rates at this point with the bond market yield s trend being up lately for months and stock market gains just squeaking out .
That's like... worse than the Beatles breaking up.
No where to hide
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Re: No where to hide
MM
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- vnatale
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Re: No where to hide
I think I did not handle the deleting the quotes correctly. Therefore, I believe that was NOT Medium Tax speaking (or writing) but was, instead, mathjak.Smith1776 wrote: ↑Fri Jan 24, 2020 3:34 pmSince Tex isn’t here to speak for himself, can anyone elaborate on this?Smith1776 wrote: ↑Thu Jan 23, 2020 11:43 pmMediumTex abandoned the PP at one point?MediumTex wrote: i really abandoned the pp because after watching the bond action i did not want to place such a big bet on rates at this point with the bond market yield s trend being up lately for months and stock market gains just squeaking out .
That's like... worse than the Beatles breaking up.
Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
Re: No where to hide
lol okay that makes sense. It didn't look like Tex's writing, and I could find that particular sentence in his post history.vnatale wrote: ↑Fri Jan 24, 2020 5:48 pmI think I did not handle the deleting the quotes correctly. Therefore, I believe that was NOT Medium Tax speaking (or writing) but was, instead, mathjak.Smith1776 wrote: ↑Fri Jan 24, 2020 3:34 pmSince Tex isn’t here to speak for himself, can anyone elaborate on this?Smith1776 wrote: ↑Thu Jan 23, 2020 11:43 pmMediumTex abandoned the PP at one point?MediumTex wrote: i really abandoned the pp because after watching the bond action i did not want to place such a big bet on rates at this point with the bond market yield s trend being up lately for months and stock market gains just squeaking out .
That's like... worse than the Beatles breaking up.
Vinny
MM
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Re: No where to hide
You actually had ME going for awhile. I said to myself how could I have NOT noticed Medium Tex writing something like THAT!Smith1776 wrote: ↑Fri Jan 24, 2020 5:49 pmlol okay that makes sense. It didn't look like Tex's writing, and I could find that particular sentence in his post history.vnatale wrote: ↑Fri Jan 24, 2020 5:48 pmI think I did not handle the deleting the quotes correctly. Therefore, I believe that was NOT Medium Tax speaking (or writing) but was, instead, mathjak.Smith1776 wrote: ↑Fri Jan 24, 2020 3:34 pmSince Tex isn’t here to speak for himself, can anyone elaborate on this?Smith1776 wrote: ↑Thu Jan 23, 2020 11:43 pmMediumTex abandoned the PP at one point?MediumTex wrote: i really abandoned the pp because after watching the bond action i did not want to place such a big bet on rates at this point with the bond market yield s trend being up lately for months and stock market gains just squeaking out .
That's like... worse than the Beatles breaking up.
Vinny
Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
Re: No where to hide
****couldn’t findvnatale wrote: ↑Fri Jan 24, 2020 5:55 pmYou actually had ME going for awhile. I said to myself how could I have NOT noticed Medium Tex writing something like THAT!Smith1776 wrote: ↑Fri Jan 24, 2020 5:49 pmlol okay that makes sense. It didn't look like Tex's writing, and I could find that particular sentence in his post history.vnatale wrote: ↑Fri Jan 24, 2020 5:48 pmI think I did not handle the deleting the quotes correctly. Therefore, I believe that was NOT Medium Tax speaking (or writing) but was, instead, mathjak.Smith1776 wrote: ↑Fri Jan 24, 2020 3:34 pmSince Tex isn’t here to speak for himself, can anyone elaborate on this?Smith1776 wrote: ↑Thu Jan 23, 2020 11:43 pmMediumTex abandoned the PP at one point?MediumTex wrote: i really abandoned the pp because after watching the bond action i did not want to place such a big bet on rates at this point with the bond market yield s trend being up lately for months and stock market gains just squeaking out .
That's like... worse than the Beatles breaking up.
Vinny
Vinny
Lol yeah!! Honestly, it was kind of heartbreaking for a moment there thinking he said that.
It was like reading that Steve jobs interview from way back when, when he said computers weren’t changing the world.
MM
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Re: No where to hide
If you go back to page 64 of the Topic (this one) you'll see BOTH Medium Tex and Craig chiming in with some quite humorous posts!Smith1776 wrote: ↑Fri Jan 24, 2020 7:00 pm****couldn’t findvnatale wrote: ↑Fri Jan 24, 2020 5:55 pmYou actually had ME going for awhile. I said to myself how could I have NOT noticed Medium Tex writing something like THAT!Smith1776 wrote: ↑Fri Jan 24, 2020 5:49 pmlol okay that makes sense. It didn't look like Tex's writing, and I could find that particular sentence in his post history.vnatale wrote: ↑Fri Jan 24, 2020 5:48 pmI think I did not handle the deleting the quotes correctly. Therefore, I believe that was NOT Medium Tax speaking (or writing) but was, instead, mathjak.Smith1776 wrote: ↑Fri Jan 24, 2020 3:34 pmSince Tex isn’t here to speak for himself, can anyone elaborate on this?Smith1776 wrote: ↑Thu Jan 23, 2020 11:43 pmMediumTex abandoned the PP at one point?MediumTex wrote: i really abandoned the pp because after watching the bond action i did not want to place such a big bet on rates at this point with the bond market yield s trend being up lately for months and stock market gains just squeaking out .
That's like... worse than the Beatles breaking up.
Vinny
Vinny
Lol yeah!! Honestly, it was kind of heartbreaking for a moment there thinking he said that.
It was like reading that Steve jobs interview from way back when, when he said computers weren’t changing the world.
Vinny
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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Re: No where to hide
The cellphone text style lack of punctuation and capitalization indicates mathjak. He has — I forgot the medical word — neuropathy? — a problem with his fingertips which may not affect drumming but it does make typing uncomfortable(?) Do I have that right, MJ?
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Re: No where to hide
yes ...it is from un-diagnosed diabetes
Re: No where to hide
No, in fact that very year the classic PP lost ~3% and in 2018 lost ~2%vnatale wrote: ↑Fri Jan 24, 2020 10:01 amSTILL a TRUE statement?iwealth wrote: ↑Fri Jul 10, 2015 9:23 am On the bright side, at least in this forum, the people that complain most about the PP don't actually hold their entire portfolios in the 25/25/25/25 allocation. So yes, it'd appear that the rest are happy and/or not paying attention to the daily ebbs and flows.
There's not a single person around here that uses a 25/25/25/25 allocation that has lost money if they've held for longer than 12 months. What else can be said?
Vinny
In the last 11 full years 4 of them have had slightly negative returns.
Re: No where to hide
It still technically /might/ be true, if there don't happen to be posters who owned a PP for exactly the wrong set of 12 months.Kbg wrote: ↑Sat Jan 25, 2020 11:35 amNo, in fact that very year the classic PP lost ~3% and in 2018 lost ~2%vnatale wrote: ↑Fri Jan 24, 2020 10:01 amSTILL a TRUE statement?iwealth wrote: ↑Fri Jul 10, 2015 9:23 am On the bright side, at least in this forum, the people that complain most about the PP don't actually hold their entire portfolios in the 25/25/25/25 allocation. So yes, it'd appear that the rest are happy and/or not paying attention to the daily ebbs and flows.
There's not a single person around here that uses a 25/25/25/25 allocation that has lost money if they've held for longer than 12 months. What else can be said?
Vinny
In the last 11 full years 4 of them have had slightly negative returns.
Re: No where to hide
That’s the best you got!?
- vnatale
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Re: No where to hide
Tyler wrote: ↑Fri Jun 26, 2015 9:35 pm
I read a decent book recently called "Risk Less and Prosper" by Zvi Bodie and Rachelle Taqqu. One key takeaway is that the way we often define risk in terms of market volatility is fundamentally disconnected from reality. In their terms, "risk is uncertainty that matters" and is measured in life events, not max drawdown or standard deviation. Also they talk at length about how there's a difference between "risk tolerance" that is a purely psychological measure and "risk capacity" which measures your true financial ability to handle inevitable negative events. You might look for it at the library for a fresh perspective.
I started reading the book tonight. I am about 2/3's of the way through it.
It definitely has in it what Tyler states above plus much more.
For me it is one of those books that I race through on a first reading then I turn right around and reread it much slowly taking notes as I'm reading.
Highly recommended to all here (and those not here!).
Above provided by: Vinny, who always says: "I only regret that I have but one lap to give to my cats." AND "I'm a more-is-more person."
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Re: No where to hide
vnatale_exhumed_and wrote: ↑Sun Jul 02, 2023 9:46 pmTyler_in_2015 wrote: ↑Fri Jun 26, 2015 9:35 pm
I read a decent book recently called "Risk Less and Prosper" by Zvi Bodie and Rachelle Taqqu.
I started reading the book tonight
I added it to the book list sticky. viewtopic.php?f=15&t=12740&p=244321#p244321
Why not.