Forum Home | Log in | Signup | My Page | Rules | FAQ | Boards | Members | Search
« POPE 5 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next

Re: Celgene to be Bought 

By: Decomposed in POPE 5 | Recommend this post (4)
Sat, 05 Jan 19 9:18 PM | 81 view(s)
Boardmark this board | Pope 5 		Msg. 19194 of 62138
(This msg. is a reply to 19193 by Zimbler0)
Jump:
Jump to board:
Jump to msg. #

Zimbler01:

Re: "I like diversification. "I understand. Once upon a time, I was that way as well. At some point, I started to worry about systemic price inflation and concluded that attaining 3% returns on a stock during years with greater than 3% price inflation is not acceptable. Moreover, I learned that the unstated purpose of the Federal Reserve is to maximize inflation while minimizing inflation expectations. In other words, their goal is to print money at the fastest rate that they can without causing a panic. 3+% annual money supply inflation was more likely than not, especially over the long run. Or so I thought then. And now I see:

M2 Money Supply Growth:

Uploaded Image

I was fortunate enough to have a plan for my life at a young age and smart enough to know that the stock market was a means to that end - but ONLY if I could use it to outperform inflation by a wide margin.

So we went into the market with different goals and totally different approaches. I'm glad they worked out so well for us both.




Avatar

Gold is $1,581/oz today. When it hits $2,000, it will be up 26.5%. Let's see how long that takes. - De 3/11/2013 - ANSWER: 7 Years, 5 Months

» You can also:
- - - - -
The above is a reply to the following message:
Re: Celgene to be Bought
By: Zimbler0 in POPE 5
Sat, 05 Jan 19 5:59 PM 		Msg. 19193 of 62138

Decomposed > Celgene was the closest thing I've ever seen to a sure thing - a relatively small pharmaceutical company with drug sales that would definitely approach its current market cap in the not too distant future - and if I could find another like it today I would again go massively overweight on it.


Well, I'm glad you saw it and happy that you made a lot of money with it.
Congratulations.

But I would not have slept well doing what you did.

I like diversification. I currently own shares in some 17 different companies
and two managed municipal bond funds. Not to mention the 401K - which is all
mutual funds. Yes, there are a couple of things I own that I am not real
enthused about - but none of them are so 'doggish' that I feel I should unload.

And I sleep very well.

True, I won't hit one out of the park like you did with Celgene . . .
But i can live with what I'm doing.

Zim.

« POPE 5 Home | Email msg. | Reply to msg. | Post new | Board info. Previous | Home | Next