Good points. I hate to say it, but brokers were all bucket shops before FDR got elected and formed the SEC. Investing for the masses truly did not exist until 1934.
He's overlooking that human emotions are the same now as back then, though. That is what moves markets, not valuation.
Historic valuation
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MachineGhost
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Re: Historic valuation
"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
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MachineGhost
- Executive Member
- Posts: 10054
- Joined: Sat Nov 12, 2011 9:31 am
Re: Historic valuation
I want to start a new project working on metaphysical transmutation so I can take my gold with me.MangoMan wrote: Think of all the time saved not fighting over the correct percentage of gold to hold in your portfolio!
j/k"All generous minds have a horror of what are commonly called 'Facts'. They are the brute beasts of the intellectual domain." -- Thomas Hobbes
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!
Disclaimer: I am not a broker, dealer, investment advisor, physician, theologian or prophet. I should not be considered as legally permitted to render such advice!