Showing posts from November, 2005

In defense of the Hold

Some of my stocks aren't doing so well today, and that got me thinking...

We have heard before that a decision to hold a stock on any given day is the same as a decision to buy at the current price. I think that you can take that statement too literally and forget both the frictional costs of investing and the opportunity cost of selling.

Two questions surround the decision to hold, and you need to answer both, not just one before you decide to change your position:
Would I be comfortable buying the stock at this price?Would I be comfortable selling the stock at this price?Note: "comfortable" not "happy." Sometimes, selling makes you extremely unhappy (as I have witnessed on a couple of my own stocks over the past few weeks) but significantly increases your comfort level.

Holding a stock is not the same as buying, nor is selling the same as not buying. Buying increases your risk and your potential reward. Selling decreases your risk, but eliminates your potential r…

The French are Sittin' Mad!

French Stage Sit-In to Protest Violence

PARIS - Angry residents of riot-torn suburbs staged a sit-in Friday near the Eiffel Tower, calling for an end to more than two weeks of arson and vandalism across France. While the protesters were sitting at the Eiffel Tower, rioters burned and vandalized their now empty houses in the Paris suburbs.

Asked about their future plans now that this attempt had failed, one protester shouted, "We're so mad, we'll sit anywhere! We'll sit on the Champs Elysees, if that's what it takes. And if that doesn't get our message across, then we will sit in the Louvre and drink wine in the 'No Beverages Allowed' area. We want the world to know that we mean business!"

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Should Google be reined in?

Reining in Google - Commentary - The Washington Times

There seems to be a lot of misattribution of intent going on right now, not just in the media, but in the publishing community as well, around Google's Print Library Project. Yes, in an ideal world Google would only scan public domain books and let authors opt in to their larger program of making the text searchable, much as Amazon does with its "Look Inside" program. However, that would be extremely unwieldy and error-prone, resulting in both lower quality and poorer selection in their digital library. Imagine your public library having to go ask each author or publisher for permission before stocking their books, rather than just buying a copy, then expand that to a global scale, and you get an idea of the problem.

The real question here seems to center on what Google means by a "snippet." Those with a more sinister bent assume that a snippet will be somewhere between a chapter and the entire text of a b…

I'm officially guilty of fraud...

... or satire, whichever carries the lighter sentence.


I can only assume one of three things happened:
The college's alumni notes are handled by an intern who doesn't know how to read English and only clicks the Copy and Paste buttons repeatedly as part of his work-study job.The Alumni Notes editor is so jaded by self-congratulatory "announcements" from alumni trying to one-up the people they were forced to live with for four years and haven't seen since that he didn't see anything wrong with my message.Someone at my alma mater has a sense of humor.Based upon the constant requests for money -- from a university with an endowment of more than a billion dollars -- I think that I can safely rule out any humorous self-awareness within the Hallowed Halls of old Shiz. I'm going with Option 2 until I hear otherwise.

Now the fun part: seeing if I get any emails from people congratulating me on my "success."

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