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Bajahowodd
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Location: Disneyland Adjacent and anywhere in Baja
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Barry- If you want to quote Warren Buffett, you should be more complete. in a lengthy interview on CNBC, he was adamant that congress should stop
their partisan bickering a close ranks around the President's efforts. He compared the current economic situation as a state of war, and said everyone
should be supporting the comander in chief.
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Skeet/Loreto
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One Question:
Fear? Fear? Fear?-
Where did we learn to Fear? Parents, School, TV, Games???
We all need to teach our Children the difference between "Want" and Needs" That would be a start.
We want to teach them that TV and News Media do not always tell the Truth, just as some teachers think they are teaching Truth{ Not having been taught
the difference}
We also may teach them the true difference between Socialism, Communism, Liberals, Independant, Conservatism.
I am of the opinion that an American is still living and being the BEST. After all the things that us Americans have done in the pass 60 years, it is
not all as bad as the NUTs who are trying to tell you Young ones that we are a "Bad Country""
Any Youngster who is having this BS shoved down his Throat, come to the Southern States or to the Montana Country, talk to the People, look around,GET
OUT OF THE CITY!!!
There are many places you can come to, live and let live, enjoy your life withour trying to obtain everything the TV wants you to Buy!!
Skeet/Loreto
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Barry A.
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Location: Redding, Northern CA
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Mood: optimistic
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| Quote: | Originally posted by Bajahowodd
Barry- If you want to quote Warren Buffett, you should be more complete. in a lengthy interview on CNBC, he was adamant that congress should stop
their partisan bickering a close ranks around the President's efforts. He compared the current economic situation as a state of war, and said everyone
should be supporting the comander in chief. |
Huh??? OK, I will buy all that, and have no doubt that is what he said.
I was not quoting Warren directly, I was just repeating what I heard on NPR this morning while in the shower (and I probably missed some of
it???)-------what you have added is good, but I don't see what it adds (or changes??) to the point I was trying to make.
Personally, I have BKR-B in my portfolio, and have for years, so I respect Warren as an "investor"------his politial views are his, but I don't
necessarily agree with everything he says.
I hope that he is wrong, and it won't take "5 years" for the economy to get back on it's feet--------but it may, and he is very astute at this sort of
thing and that is why I even mentioned it. But he is not flawless, as the value of BKR has proven over the past few months-----his investment "style"
does not appear do well in this kind of Market, and he admits this constantly------he is a very "long term" investor.
We will just have to wait and see---------but I am NOT going to blindly follow Obama over a cliff, if that is what I see coming, Buffett or not.
His policies and stated agenda, so far, make me VERY nervous.
Barry
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Sharksbaja
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Pray tell....
| Quote: |
Any Youngster who is having this BS shoved down his Throat, come to the Southern States or to the Montana Country
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Is there a different media in those countries?
DON\'T SQUINT! Give yer eyes a break!
Try holding down [control] key and toggle the [+ and -] keys
Viva Mulege!
Nomads\' Sunsets
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Barry A.
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Oooops--------I just realized that my Finantial Manager sold all my BKR-b (Birkshire Hathaway) 3+ months ago-------------huge profit-------------one
of the few bright spots in my portfolios-------------my Manager does not think Buffett is positioned correctly near-term, so sold. Better
opportunities elsewhere, he says. Will buy back (maybe?) somewhere down the line, he says. Since my Manager's track record is great, I don't argue.
(but it does hurt, emotionally----on my own I probably would have never sold it) 
Sorry for mis-leading you all------------(gotta be transparent these days, you know.) 
Barry
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BajaGringo
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Mood: Let's have a BBQ!
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Barry, you're awesome. Even when we disagree...
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Sharksbaja
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Now yer jes beein waaaay too nice!! He's still a Republican. Just not your
average run of the mill one....
Thanks for the cogent dialog you guys. Very civil indeed.
DON\'T SQUINT! Give yer eyes a break!
Try holding down [control] key and toggle the [+ and -] keys
Viva Mulege!
Nomads\' Sunsets
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Barry A.
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| Quote: | Originally posted by Sharksbaja
Now yer jes beein waaaay too nice!! He's still a Republican. Just not your
average run of the mill one....
Thanks for the cogent dialog you guys. Very civil indeed. |
True, true, I
AM still a Republican. Thanks you guys for trying to educate me. I just don't think you can learn much (if anything) if you are always yelling at
the other person. I actually have learned a great deal during this thread---------and I printed some of it out so I won't forget (which we are want
to do). Lots of good points, and different approaches to things, and that is all good.
------now, if only the economy would start turning around--------------- 
Barry
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Skeet/Loreto
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Is it not somewhat strange that a thread started as Fear turns into a Fear of loosing Money!!!
Some very good ideas and comments indeed.
Does this mean the only true Fear is the Absent of Money??
Barry, I must tell you, There is a lot more in this ole World than Money! And if you ever feel in the Need, youall come on back here to Texas, there
are a lot of good Folks that will give you a meal and a Bed and treat you Right.
In Fact there are a lot of small towns all over this great Country that could use a few good people like you that is retired, with nothing much to do,
to move in and help the small town revive. Just like escaping to Baja.
Skeet
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BajaGringo
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Mood: Let's have a BBQ!
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That is an excellent point and does play into the many of the points made here Skeet. Today I make less than what I was earning on the north side of
the border but I feel many times richer. State of mind is based mostly on perception and mine has come around full circle in that regard.
And you will always have a warm meal and bed to sleep here in the BajaGringo household should you choose to stop by...
[Edited on 3-9-2009 by BajaGringo]
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Skeet/Loreto
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Sharks: No , not a different Media, just not time to turn on those Gadgets that teach you Fear!!
Just a lot of good ole Country Folks to get to know and a lot of Space full of Birds, Deer, Skunks. and Coons and a few Rattlesnakes all with out that
driving force to attain everything your neighbor has!!
You guys in the Cities are missing a lot of Living b y staying cramped up with all those Buuil;dings and Cars.
Go take a look at the rest of the Country! Adventure!
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Barry A.
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Below is a sample of what I was talking about-----loyal citizen or not, you simply cannot afford to buck these trends, it seem to me. This just came
in by e-mail form to me---------
"U.S. investors who invested in a China index fund are already 31% richer this year.
U.S. investors who invested in a U.S. index are over 24% poorer.
Does that mean you should buy a China index fund?
No it does not. You can do much better.
Here’s How
If, instead of buying a China index fund on January 1, you had bought KongZhong, a China company, readily bought on the New York Stock Exchange, that
provides wireless services, you would be, not 31% better off, but 50% better off.
WebZen, a Korean game company, is up 43% this year. And the Israeli-based XTL Biopharmaceuticals is up 60%.
But as good as those returns are, yes, you can do even better, as you are about to see.
Go Where the Grass
Is Greener
(and the money is, too)
If you want to be rich in 2009, make for higher ground—and do it quickly.
China is UP. Chile, Israel and Brazil are all UP.
The U.S. is DOWN (you noticed?). Only Iceland and Romania are down worse than we are! Even Lithuania is doing better!
The smart money has dumped the dollar. Trading in global depository receipts—overseas stocks you can buy right here—are soaring. Almost 40 of these
ADRs, tracked minute by minute, are up by as much as 60%, year to date."
Scary stuff-----for us, I am afraid, at least near-term. This, of course, is Hype, but still there is some truth here-----you must "subscribe" to
learn what he is talking about, of course, which I have no intention of doing. This stuff comes flooding in every day, so the spin-meisters are still
"at it" in a big way.
Barry
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Barry A.
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Posts: 10007
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Location: Redding, Northern CA
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| Quote: | Originally posted by Skeet/Loreto
Is it not somewhat strange that a thread started as Fear turns into a Fear of loosing Money!!!
Some very good ideas and comments indeed.
Does this mean the only true Fear is the Absent of Money??
Barry, I must tell you, There is a lot more in this ole World than Money! And if you ever feel in the Need, youall come on back here to Texas, there
are a lot of good Folks that will give you a meal and a Bed and treat you Right.
In Fact there are a lot of small towns all over this great Country that could use a few good people like you that is retired, with nothing much to do,
to move in and help the small town revive. Just like escaping to Baja.
Skeet |
Wise counsel, Skeet. I bought a home in little Independence, CA (Owens Valley) a couple of years ago, and my son lives in it as caretaker and
eventual heir to it. We spend at least 2 months a year over there.
I love small towns, and they don't get much smaller than little Independence, even tho it is the County Seat of Inyo County. When the Market
improves, I will sell out in Redding, Ca (getting too big) and move over to Independence.
Fun, fun. 
Barry
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David K
Honored Nomad
Posts: 65297
Registered: 8-30-2002
Location: San Diego County
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Mood: Have Baja Fever
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| Quote: | Originally posted by Barry A.
| Quote: | Originally posted by Sharksbaja
Now yer jes beein waaaay too nice!! He's still a Republican. Just not your
average run of the mill one....
Thanks for the cogent dialog you guys. Very civil indeed. |
True, true, I
AM still a Republican. Thanks you guys for trying to educate me. I just don't think you can learn much (if anything) if you are always yelling at
the other person. I actually have learned a great deal during this thread---------and I printed some of it out so I won't forget (which we are want
to do). Lots of good points, and different approaches to things, and that is all good.
------now, if only the economy would start turning around---------------
Barry |
DK's REAL EASY ECONOMY 101:
Barry, the congress needs to be turned around for the economy to turn around... it takes 2 years of new policy to change the economy.
2 years ago, the congress was 'fired' for not acting in good faith, with OUR money... So, we got change two years ago.
But, despite the attack of 9-11 our economy was booming 2 years ago... so that spendy group (congress controls the money) really didn't cause us
financial pain, then.
The New congress takes over (2 years ago) and makes radical spending and lending rules, despite warnings... Today, the economy is crashing... banks
were forced to lend money to unqualified buyers and speculators using the AIG guarantees and promisses by government... AIG crashed, we bailed them
out... It's a mess...It took 2 years to get here...
Bad to worse: Thinking the president (then) was THE reason it was getting bad (last year), a majority of the people voted in the new president... who
is a member of the same congress that got to power 2 years ago... THE SAME group whose policies destroyed the bank lending system with their demands
to loan money to ANYONE who asked for it.
The last president and the previous congress (before 2 years ago) were NOT conservative in financial matters... they spent money like liberals... but
we had lots of money because of a few SMART things that president did:
LOWERING TAXES. When people aren't punished for being productive... they produce MORE! Taxes are punishment... they rob incentive to do more. People
do less if the government is going to take more.
Income to government (taxes) GOES UP when the tax rate is lowered!
Now, if we can last... the next election is in 2 years... That other group learned their lesson... it cost them the majority... our only hope is
conservative principles...
We don't have the money for government to spend the way it is planning to. We make the money government runs on... we pay for it... It isn't magic and
if the government prints money when we aren't creating true wealth, the money loses value... fast!
So HOPE FOR CHANGE (in 2 years)... otherwise CHANGE is all you will have left!
OKAY, the connection to Baja: LESS MONEY= NO FUN BAJA TRIPS!
(gang, I did my best to not name anyone or any party... this is a reply to Barry A)
Peace, Love and Fish Tacos! (great slogan created by Perry)
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comitan
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*+Yep DK your right it all happened in the last two years.
Strive For The Ideal, But Deal With What\'s Real.
Every day is a new day, better than the day before.(from some song)
Lord, Keep your arm around my shoulder and your hand over my mouth.
“The sincere pursuit of truth requires you to entertain the possibility that everything you believe to be true may in fact be false”
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David K
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You weren't living here Comitan, but it was BOOMING until this past Fall... HERE in SoCal, anyway.
Happy times...
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Bajahowodd
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David. David. David. Since the so-called new congress did not have a bullet-proof majority, and there was a guy named Bush in the Oval office, I just
don't see how you can travel down that road. Coincidence, maybe. But the crap that got us here started way long ago.
As for Barry- Cool! Independence is a beautiful little town. I'm jealous.
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Bajahowodd
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And since I didn't want to break the mood of my last post.... Barry. How do we know that the investments you noted are just not lagging this downturn?
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Barry A.
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David----------as I have said many times, there is plenty of blame to go around, and few are immune. But you are essentially correct---------things
began to unravel about 2 years ago-----------prior to that the economy was booming, for investors and wall street, anyway. (and I submit for most
others, too--------compared to where we were 30 or 40 years ago)
The HUGE PROBLEM that is looming over all this, and has not been addressed adaquately, is the growing disparity between the "have nots, and the
haves", and until we reverse that trend (and I have no idea how to do that) we are headed for big-time problems, which are already haunting
us---------the "folks" simply cannot be left out (even tho largely a perception problem), or all hell will break loose.
Redistribution is ABSOLUTELY NOT THE ANSWER, and that I KNOW. But something MUST be done, and done soon. Maybe "Iflyfish" and others have a
solution----if so, I would like to hear it.
Barry
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Barry A.
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| Quote: | Originally posted by Bajahowodd
And since I didn't want to break the mood of my last post.... Barry. How do we know that the investments you noted are just not lagging this downturn?
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We don't------------you never know for certain what will happen--------that is why "investors" are rewarded hamsomely----because of the "risk"
involved. We investors get paid for taking risks, and sometimes we lose our shirts (at least in some areas, but not completely because we are
diversified) and some times (hopefully mostly) we are rewarded
big-time!!
Barry
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