2022.01.19 10:43 MoonshotStonksApe Mr Market is there to serve you, not to guide you
As I watch my growth stocks plummet, while the wider market barely registers a blip - I'm reminded of the timeless parable of Mr Market.
First described by Benjamin Graham in 1949, then resurrected by Warren Buffett in a letter to shareholders in 1987 - the parable is as relevant today as it was then.
Ben Graham, my friend and teacher, long ago described the mental attitude toward market fluctuations that I believe to be most conducive to investment success. He said that you should imagine market quotations as coming from a remarkably accommodating fellow named Mr. Market who is your partner in a private business. Without fail, Mr. Market appears daily and names a price at which he will either buy your interest or sell you his. Even though the business that the two of you own may have economic characteristics that are stable, Mr. Market's quotations will be anything but. For, sad to say, the poor fellow has incurable emotional problems. At times he feels euphoric and can see only the favorable factors affecting the business. When in that mood, he names a very high buy-sell price because he fears that you will snap up his interest and rob him of imminent gains. At other times he is depressed and can see nothing but trouble ahead for both the business and the world. On these occasions he will name a very low price, since he is terrified that you will unload your interest on him.Mr Market is there to serve you, not to guide you
Mr. Market has another endearing characteristic: He doesn't mind being ignored. If his quotation is uninteresting to you today, he will be back with a new one tomorrow. Transactions are strictly at your option. Under these conditions, the more manic-depressive his behavior, the better for you.
But, like Cinderella at the ball, you must heed one warning or everything will turn into pumpkins and mice: Mr. Market is there to serve you, not to guide you. It is his pocketbook, not his wisdom, that you will find useful. If he shows up some day in a particularly foolish mood, you are free to either ignore him or to take advantage of him, but it will be disastrous if you fall under his influence. Indeed, if you aren't certain that you understand and can value your business far better than Mr. Market, you don't belong in the game. As they say in poker, "If you've been in the game 30 minutes and you don't know who the patsy is, you're the patsy."
Ben's Mr. Market allegory may seem out-of-date in today's investment world, in which most professionals and academicians talk of efficient markets, dynamic hedging and betas. Their interest in such matters is understandable, since techniques shrouded in mystery clearly have value to the purveyor of investment advice. After all, what witch doctor has ever achieved fame and fortune by simply advising "Take two aspirins"?
The value of market esoterica to the consumer of investment advice is a different story. In my opinion, investment success will not be produced by arcane formulae, computer programs or signals flashed by the price behavior of stocks and markets. Rather an investor will succeed by coupling good business judgment with an ability to insulate his thoughts and behavior from the super-contagious emotions that swirl about the marketplace. In my own efforts to stay insulated, I have found it highly useful to keep Ben's Mr. Market concept firmly in mind.
Following Ben's teachings, Charlie and I let our marketable equities tell us by their operating results - not by their daily, or even yearly, price quotations - whether our investments are successful. The market may ignore business success for a while, but eventually will confirm it. As Ben said: "In the short run, the market is a voting machine but in the long run it is a weighing machine." The speed at which a business's success is recognized, furthermore, is not that important as long as the company's intrinsic value is increasing at a satisfactory rate. In fact, delayed recognition can be an advantage: It may give us the chance to buy more of a good thing at a bargain price.
2022.01.19 10:43 svanapps r/ethtrader - Ever happened to you.
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2022.01.19 10:43 Emotional-Ebb-4028 Work Permit - Support
Sorry, I know that this is a common topic of discussion here and even after searching several posts, I couldn’t find a proper answer to my question ( here is where I trust you guys can help me out 😊)
Here is my story: both me and my wife are Non EU and we are currently living in Lux (me as a blue card holder and she as a family member). After trying a lot, she got an offer from a big company, where we already have the ADEM certificate and process was filled to the MAEE.
Our concern is: she has a degree that’s is not a bachelors specifically, but with same accreditation. Moreover, she’s currently enrolled in an MBA.
Do you think that this might be an issue? Do you have similar experiences or stories that you’re willing to share? Any insights here are SUPER helpful.
Thanks a lot!
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2022.01.19 10:43 stilldiscount01 [100%OFF]How to Print on Demand - Beginners Guide to POD
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2022.01.19 10:43 Ibryxz Why do people find one shot mages annoying?
Hello people, I am u/Ibryxz. I am self proclaimed mage main (though my skills in being a mid laner are very lacking)
What inspired this post?
It was this post by u/Junior-Technology titled -
In which from a total of 2037
46.7% voted for Braindead one shot mages (Vale, Eudora, Nana, Aurora) (952 votes)
The only one close to that percentage was Luo yi at 19% (388 votes)
The rest :- Yve :- 13.5% Valentina :- 10.2% Pharsa :- 7.1% Chang'e :- 3.2%
Why does the community find theee mages annoying to deal with?
General :- These mages are simple burst mage and are called brain-dead due to their relative easy playstyle.
Common things in their playstyle- 1. Easy to land skill shots or in Eudora's case auto click skills.
2022.01.19 10:43 aloneabone Am I wrong to ghost my friends for about a month because of setbacks and depression?
I had two major incidents during Christmas that made me feel really depressed and not leaving my house or answering any calls. But I’m in college and became really close with these two guys and one girl over fall semester. I have other friends as well but these three specifically made me feel really bad for not replying their texts often and not calling them back through my depression. Am I being an ass for this?
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2022.01.19 10:43 Bettafish6687 Is this 5ppm or 10ppm?
2022.01.19 10:43 carterx Retired BWG volunteer firefighter celebrated with drive-by parade (17 photos)
2022.01.19 10:43 Fandango_Jones Don't kiss the hamster. Kill the hamster.
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2022.01.19 10:43 shashimishra1984 यह विशेष वीडियो डॉ आकाश दीक्षित जी की आध्यात्मिक वीडियो श्रृंखला का भाग है जिसमें –आचार्य आदि शंकराचार्य द्वारा रचित “मैं कौन हूँ” पंक्तियों को गाया गया है।
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2022.01.19 10:43 Goddess_Faye21 Mommy has a cock for each one of your holes😇😇 say ahhh i want to feel your throat pussy first✨
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2022.01.19 10:43 FloorDice Legit Warhammer meme
2022.01.19 10:43 Davidsw24 Qué onda mujicanos, hace quise saber su opinión sobre "La cotorrisa" (no me agrada), pero está vez vengo a saber si ya escucharon esta joyita y que piensan al respecto, son 3 temporadas muy ¡jodidamente buenas! Alimentan el morbo pero, está muy bien narrada, ¿Qué opinan? Saludos.
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2022.01.19 10:43 Soggy_Working_3333 Vannesa blake
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2022.01.19 10:43 Karac_Avalron When Anxiety turns into a Panic Attack
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2022.01.19 10:43 mon_anthony The Sandbox Exclusive: Will play-to-earn games replace traditional games?
Are traditional games on the verge of extinction, to be replaced by blockchain games? Sebastien shares his thoughts on the future of gaming and the transformation blockchain brings.
#sandbox #playtoearngames #games #blockchaingames #futureofgaming
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2022.01.19 10:43 LonelyRyuu Putting together a pack, suddenly stopped working
I use multimc, it's on 1.16.5, the game was loading and able to create new worlds without crashing perfectly fine, then without adding any mods it now crashes on startup. I can't figure it out based on the log, and there are no crash reports in the crash reports folder. The only thing relevant that might have changed was that i updated java, but using Multimc's java test, it still says its running fine. here's the link to the log, please help :( https://paste.ee/p/GDboX
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2022.01.19 10:43 WavyKirk Apex’s Player Engagement Manager, speaks on communication and leaked discord DMs.
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2022.01.19 10:43 hopefulguy100 Do you like yourself?
2022.01.19 10:43 Tranguul777 Tabbed out while teleporting, accidentally spawned at a rave
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2022.01.19 10:43 SellMoney1864 Reflections
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2022.01.19 10:43 RayanYap Mage vs Alchemist
Which charm is better? Im currently equipped with alchemy charms but am tempted to switch to mage because alot of mage heroes are actually pretty good also.
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2022.01.19 10:43 Willing-Clock-8884 I LEFT BECAUSE MY BABY FATHER CHEATED???? ( did I move back home??? )
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2022.01.19 10:43 cloudchameleon Baytril in Australia without prescription?
my rat Remy has a URI which he’s been prescribed Baytril for, but now my other two rats are showing similar symptoms. is there any way I can get some of the same medication for them? my vet clinic won’t prescribe it unless I take the others in, which is an extra appointment fee each ($110 AUD per rat, not including meds).
I’ve had no luck finding Baytril in Australia or any international stores that ship to Australia. worst case scenario, does anyone in Sydney know any cheaper vets who will see rats?
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2022.01.19 10:43 RealDealGeo Where can I get 4 sturgian chasers?