Prof103

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Prof103 replied to the Paulypilot's Pub - Macro Topics board. 12:59

Re: UK plc'c cash mountain

">>Having said that much of this money may have been earned overseas and the reason for not wishing to invest here may be simply due to the fact that we have weak domestic demand and growth, High costs, poor credit and a poor economic [more]

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Prof103 replied to the Paulypilot's Pub - Macro Topics board. 19:16

Re: Mathsman--Inflation

GS,

For example wages are set both in the private and public sectors, yet the public sector makes no profit, arguably a loss according to the published accounts.

That is an interesting question in terms of what the public [more]

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Prof103 replied to the Bert's Investor Sanctuary board. 19:00

Re: Poll: PLS IGNORE PRIOR - What your asset all

The implication (since I could be wrong but I'm struggling a bit to find the error in the process bone) is that the risk premia available in financial markets generally are too low to justify being fully invested if one's aim is truly long-term [more]

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Prof103 replied to the Paulypilot's Pub - Macro Topics board. 10:08

Re: Mathsman--Inflation

I agree with you that wages are falling in real terms, but if so, where would you say the money is going?

1. Growing tax revenues.
2. Growing profit margins.
3. Somewhere else. (Where?)

1. Answer: No, since less [more]

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Prof103 replied to the Bert's Investor Sanctuary board. 12:43

Re: Household debt to income per country

Marklucas1 wrote:-

So yes, Bertee I agree up to a point, that UK/US households borrowing to buy houses is different in essence from just borrowing for day-to-day consumption. However, you cannot simply be blase about household debt even [more]

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Prof103 replied to the Investment Strategies board. 12:25

Re: Lost the Plot

"Sometimes the dissenting opinion is the most valuable."

This statement is logically correct.

No it's not.

This statement is logically incorrect. For the statement to be correct, the dissenting opinion is [more]

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Prof103 replied to the Investment Strategies board. 12:17

Re: Lost the Plot

I expected stockmarkets to pull back significantly.
I expected gold to continue its uptrend.

I appear to have lost the plot - and I can sense my postings sounding like a crazy old man - but I am unable to see where I went wrong with [more]

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Prof103 replied to the Value Shares board. 17:56

Re: Moratorium?

Hi Uncle,

Objectively Aviva may be a perfectly valid subject to discuss on this board.

Objectively, it isn't because the detractors never considered Aviva as a valid subject for this board. The great man himself has said he [more]

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Prof103 replied to the Paulypilot's Pub - Macro Topics board. 12:28

Re: Bitcoin wtf !?

Hi Surerera,

After studying them last year I took a very small punt and bought some at £8. They are now almost £60 - if only I'd bought more! It may just be a bubble but there is a part of me that can see a future for them so I [more]

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Prof103 replied to the Value Shares board. 11:58

Re: Aviva again

Hi A1chemist and SteadyAim,

That said; if we are not to just go off in different directions on every post and topic we do need to have a starting basis for share discussion and starting by first posting the PYAD numbers for a share gives [more]

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Prof103 replied to the Value Shares board. 16:07

Re: Aviva again

Hi SteadyAim,

Later on we got the Qualiport, which used a more detailed, quality angle on Value, Buffett-style as opposed to Pyad's Graham style you might say. I don't know if we've had a Walter Schloss style board here at all, combining [more]

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Prof103 replied to the Value Shares board. 13:00

Re: Aviva again

I fully agree with Techie's post.

It nicely explains the distinction between the "punter" and the "investor".

The punter relies on "chance" while the investor relies on "strategy". Time and [more]

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Prof103 replied to the Paulypilot's Pub - Macro Topics board. 13:18

Re: Dreadful budget

Hi GS,

I've probably missed something but out of time now. Very disappointed and hope we see the back of this chancellor ASAP.

Oh, be careful what you wish for.

The decision to go for monetary looseness, low interest [more]

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Prof103 replied to the Bert's Investor Sanctuary board. 16:08

Re: Cyprus Bailout hits depositors

A chunky part of demand for German goods arose from the EZ periphery. For a decade, Germany's surpluses from this trade were funnelled by its banks via loans back into the periphery, funding their overconsumption and speculative property bubbles. [more]

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Prof103 replied to the Investment Strategies board. 15:35

Re: Market correction: shares that bounce back

"Best opportunity to buy low is after a correction."

A correction is only a correction in retrospect; it takes crystal ball gazing to know if it's just a correction or the start of a drop. Or, indeed, even if it is a correction, [more]

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Prof103 replied to the Investment Strategies board. 14:31

Re: Stock Market Correction

Luniversal,

I appreciate that you are straying away from your usual annuity-substitute boards but this continuing piece really has no place on a serious investment strategy board.

To discover for myself if I have been doing the [more]

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Prof103 replied to the Value Shares board. 13:01

Re: Aviva

I hold and am happy to do so because it is still cheap and I am bullish on the new management team at Aviva

According to the weekend FT, that has been the mantra of successive CEOs. The FT worries that as a conglomerate of insurers [more]

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Prof103 replied to the High Yield - HYP Practical board. 22:02

Re: Aviva Finals (It's Not Pretty)

"I am amazed that some hold upwards of 40 shares in a HYP."

I'm amazed that more don't.

We (myself + OH) hold shares in over 60 companies...

Why not go the whole hog and buy a low cost tracker? You will get [more]

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Prof103 replied to the Paulypilot's Pub - Macro Topics board. 11:35

Re: Bull Markets and QE

One of the longest and most powerful equity bull markets in history turns 4 years old today. And traders believe there is just one man to thank: Federal Reserve Chairman Ben Bernanke.

Indeed, with FED money printing continuing [more]

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Prof103 replied to the Investment Strategies board. 12:39

Re: Macro stuff

Inactivity really really works !!!!!!!

I think Graham refered to it as "masterly inactivity".

Well done

Best

P103