I was thinking if it would be cool to have a board for Investing / Economy just like there is a P&R board where we could discuss things like Crypto, Stock Market, Bonds, Real Estate.. etc.
Getting investment advice on a fuck board sounds as likely to provide good info as getting medical advice here. For example, we have a poster here who calls himself DaveMogal and claims to make good money investing in penny stocks. I wouldn't follow his advice with even a single penny.
But can you please tell me what to do about my jock itch? LOL!
Go, Nats! No, go METS!!!!
He also invests in penny hookers that you can find for $100 at the corner of 14th and Penn.. LOL.
I was just thinking since we have a P & R board and Legal board, why not investing... Just like Reddit but for Johns like us.
BTW, when did you switch to Mets? I thought you were a Yankee dude.
I like all NY teams. And since the Mets play the Nats....
watching that guy pitch is a religious experience.
That guy has been on a different planet this year.
Although I usually do not like ERA, as it's a flawed stat to begin with because it depends so much on external factors such as the quality of the fielding and even the dimensions of the ball park, the fact that no one can even reach what he is pitching, speaks volumes. Looking at a far superior stat such as K/BB, he is still outperforming others by a wide margin.
Watching him pitch is as religious an experience as it gets in baseball... Perhaps 2nd close to listening to Vin Scully.
He's also batting around .400 and has driven in more runs than he's allowed (at least until his last start where he allowed 2).
I try not to think about that guy too much.. LMAO..
That being said METS have seen post season only twice in last decade.. 2015 and 2016. On the other hand we went to post season 2012, 2014, 2016, 2017, 2019 with one WS. 
-- Modified on 6/28/2021 12:32:42 AM
And he's not even Jewish.
Here is funny story for you.. The only thing that can be more fun than reading this one would be listening to Dusty tell it himself in his own words. I've heard Dusty is a great story teller.
The Umps searched Scherzer for Sticky Stuff several times last week. He was clean.
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http://www.washingtonpost.com/sports/2021/06/23/max-scherzer-joe-girardi-sticky-stuff-check/
Max Scherzer, Joe Girardi and the fastball at the center of MLB’s messy sticky stuff drama
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From another WaPo article: "Scherzer was among a slew of prominent pitchers who, according to a detailed Sports Illustrated report, actively pursued a sticky substance produced by a former clubhouse attendant with the Los Angeles Angels. Because of pending litigation — the clubby, who was fired, is suing the Angels and MLB — Scherzer said he would address that aspect of his case in the future. Presumably, he considers himself not a bad actor, but rather someone seeking to protect hitters."
Here is funny story for you.. The only thing that can be more fun than reading this one would be listening to Dusty tell it himself in his own words. I've heard Dusty is a great story teller.
http://www.youtube.com/watch?v=fWKA9Zi5-_Y
Talkin' Baseball
I have never been to a PF Changs restaurant but I passed one the other day and thought I'd look up their history on wikipedia and this tidbit caught my eye:
http://en.wikipedia.org/wiki/P._F._Chang%27s
"In 2012 Chang's accepted an offer from Centerbridge Partners in a deal valued at $1.1 billion. ...
... In January 2019, Chang's announced it was in talks to be sold to TriArtisan Capital Partners and Paulson & Co. for approximately $700 million from its previous owner, Centerbridge Partners."
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That would appear to violate the investing rule of "Buy low, Sell high."
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Buy for $1100 million; sell for $700 million; loss of $400 million. I have only read the summary news accounts and that looks like a LOUSY business deal. However, I wouldn't be surprised to find out that Centerbridge management sucked out hundreds of millions of dollars for their own benefit from 2012 to 2019. In addition, they drove PF Chang's into serious debt of around $695 million and probably told their fund investors that they were lucky to sell at a $5 million "profit." And I wouldn't be surprised if they then awarded themselves $10 million in bonuses to reward their business brilliance.
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This leads me to quote another valuable business and finance lesson: Never invest your own money.
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For additional lessons about business and finance, read the past 5 years of the P&R board.
I was thinking if it would be cool to have a board for Investing / Economy just like there is a P&R board where we could discuss things like Crypto, Stock Market, Bonds, Real Estate.. etc.
My advice is that anything that Chicken Little is in favoring of doing, DONT, and anything that IMP is opposed to doing, at least give it a good look. lol
"Never investing your own money" when you are a peon with no other options is the worst advice, with the possible exception of actually buying anything that Chicken Little is touting, that I can think of.
and do you SERIOUSLY think that anyone is going to believe that you were just "passing by" a local PF Changs and decided to look up their history, and then conveniently noticed a thread on TER about investing??? My gawd, you are becoming as dishonest as the Three Stooges of P&R; BLRPOS, BFSF and LTM&L.
For the record, people have gotten rich by investing their own money. It's the number one way people get rich in this country, including investing in their own ventures of course.
I will concede that after years on the P&R board listening to such financial geniuses as the aforementioned three stooges, along with other idiots like Annoying Fungus, Willy Wonka and of course yourself. I find it hard to imagine that a financial board would have any more stimulating conversation than what we now find on P&R
I would have expected more from you. Except the ad hominem which is about par for the course. You could have provided more helpful advice w/o the name calling.
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1. Buy low, sell high. Brilliant, simple advice. But the trick is to know enough about an investment to make the good buy/sell decisions. If the buy price is dropping, how much lower will it go? or will it ever really go back up? Buy now? Later? Sell now? Later? Etc..
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2. My example of the PF Changs buyouts and selloffs showed how fund managers and partners don't need to depend on the "buy low, sell high" rule. They can suck value out of a position (fees, bloated salaries, huge bonuses) and leave the small investors to lose their shirts.
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3. "Never invest your own money." is exactly what money managers say among themselves. And the small investor should be aware of that. Funds will always collect their management fees, regardless of performance. Except as noted here: When a fund INCREASES in value or outperforms the average it is because of the self-declared skill and brilliance of the fund managers (bigger bonuses). When a fund DECREASES in value or underperforms, it is because of circumstances beyond the control of the fund managers and is not their fault (big bonuses anyway). It's a win-win-win-win-... The fund managers ALWAYS win and always get paid, handsomely.
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4. mrfisher posted his story about how to make a small fortune in the stock market.
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5. "Where are the customers' yachts?" is a famous book by a Wall Street insider. It is a fun and useful book.
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Small investors need enough knowledge to avoid making mistakes that will cost them dearly. My comments were implicit warnings to do so ... or to ask Qs for explanations.
"Never investing your own money" when you are a peon with no other options is the worst advice ... that I can think of. ...
For the record, people have gotten rich by investing their own money. It's the number one way people get rich in this country, including investing in their own ventures of course.
That's almost sounds conspiratorial that the mgmt might have drained them of hundreds of millions of dollars
Companies sell at a loss all the time, especially if they believe (backed by data) that the future prospects of the business are not good. It's better to invest in other vehicles that are more likely to be on the growth trajectory, than keep afloat a sinking ship... Also, selling non performing business at the right time at a loss can yield massive tax benefits.
If you have not been to a P. F. Chang you should. Their food is not bad at all, but they have massive overhead. A lot more compared to your mom and pop Chinese place run by immigrant family.
"Yes" to your comments about selling at a loss. But maybe they OVERPAID when they purchased PFCB for $1.1 B in 2012. Who at Centerbridge justified that payout? (I'm not going to do the research, but from the short articles I read, it sure seems like they overpaid (other restaurant chains were hurting, etc.).)
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Over the next 7 years, they managed to saddle Changs with $695 M in debt.(*) Was that some sort of brilliant move? (Once again, I'm not doing the research to see if I would agree: did they plan to expand or increase the number of restaurants? Would I have analyzed the market differently? No comment except to note that THEY WERE WRONG! $695 M WRONG!) Yes, it may have been a very good move for them to sell for $700 M.
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But my point, once again, is that I doubt that it cost the partners or managers a single penny. It was the individual investors who lost the money and probably didn't even get a discount coupon on their way out the door.
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(*) This is what some investors do. Buy a company. Sell off the best parts for a profit (e.g., the frozen food - supermarket division). Borrow heavily on the remaining assets (the restaurants), suck out the cash, let the remaining parts wither away, sell at a loss or let the company die in bankruptcy.
That's almost sounds conspiratorial that the mgmt might have drained them of hundreds of millions of dollars
Companies sell at a loss all the time, especially if they believe (backed by data) that the future prospects of the business are not good. It's better to invest in other vehicles that are more likely to be on the growth trajectory, than keep afloat a sinking ship... Also, selling non performing business at the right time at a loss can yield massive tax benefits.
If you have not been to a P. F. Chang you should. Their food is not bad at all, but they have massive overhead. A lot more compared to your mom and pop Chinese place run by immigrant family.
However, I started off with a large fortune.
(ba-doom)
