Market Philosophy: What You Got?

PeeTex wrote

Matt... is very jealous. He's just a disgruntled millennial who thinks everything should be given to him and he shouldn't have to work. I come from a different generation who finds working very satisfying and does not regard it as something to avoid.

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PeeTex wrote

If you don't act like a millennial than you not a millennial no matter what your age.

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PeeTex seems to want to use "millennial" as a slur to describe younger people who don't conform to his (extremely narrow) view of achievement.

But he doesn't understand that the world is changing. His way of looking at the world is outdated, and this is the way that a lot of younger people see the world now:

Cunningstunts wrote

I've never disliked much of anything.  Too many interests, not enough time.  Working for a big corporation is another story, but in some ways, it's really easy as long as you like to toe in line and keep your mouth shut.  Neither are my strong points.  

I can't imagine a day of not actually working on something, but I always feel like learning and earning money are two different things...  I wanted to accomplish something real, unfortunately that's not exactly how it works.

Even when I'm skiing or riding bikes I still learn a great deal... I also like being focused in the moment of an activity and forgetting everything else.  If you have the inquiring mindset, it never leaves you.  You'll always learn something no matter how hard you might try otherwise.

Having kids is the same way.  You learn so much about how humans develop and yourself.  I've learned things I never wanted to know.  I've been put in situations that I didn't always enjoy or that made me uncomfortable, but all that makes you better equipped to deal with whatever comes your way.

To me, that is work.  Life is work.  It's the second law of thermodynamics.  If we don't work, we give way to the rise in entropy.

Money is just a way of civilizing things and making it easier to trade.  Unfortunately it's also become so intangible to most that it brings out the worst in human nature.

So I say if you enjoy life, you enjoy working every day!

I am older than Pee Tex and trust me Many  born during WW II ( Silent Generation ) and post WW II baby generation do not share his view . Chacun a son gout as the French say .

To wit : i have yet to  meet the person who on their deathbed said " i wish i had worked longer "

 Most work to live , not live to work . You only have so much life force ,get busy making a life , not JUST a living .


Duck n' cover ....sure to be incoming

Despite any opposition to Peetex's views, I know I've always gravitated toward the older generation - typically 15-20 years older than myself.  Even if I don't always share their morals or ethic, I know they have great value to pass on.  I always know I will be mocked mercilessly by them when I make mistakes, but it's a small price to pay.


Perhaps back on topic, here's my actual market philosophy.  I know it has absolutely no bearing on how the markets actually work, but on some level, at some time it did.  Think of these things as human labor, intellect, and natural resources.  Tangible things.  Debt and valuations, risk vs reward ratios, etc all keep you from what is really at the end of each of these investments.  It surely won't make you rich, but perhaps more responsible.

CS That is a healthy attitude , one can always learn from others , while not necessarily agreeing on everything . Sift the best , can the rest .  Wish you and the rest of the troops here at Harvey's Lodge 😉ALL the BEST for 2019 .

Off topic Loved your Axes n ' Amps dude . I too have an LP std , but my amps are Meh . I DEPEND heavily on a BOSS GT 6 effects processor for shitz n' giggles .      Rock  on !!

Cunningstunts wrote

.  I always know I will be mocked mercilessly by them when I make mistakes, but it's a small price to pay.

This style of "teaching" works for some, but not for others. Some people would just prefer not to interact with people who mercilessly mock them because of simple mistakes.

Perhaps back on topic, here's my actual market philosophy.  I know it has absolutely no bearing on how the markets actually work, but on some level, at some time it did.  Think of these things as human labor, intellect, and natural resources.  Tangible things..

The problem with the ruthless capitalist system we're stuck in is that human labor is considered exploitable, intellectual prowess is considered a liability, and natural resource extraction is just another market to be gamed.

It would be nice to take the profit motive out of certain industries (healthcare, war, prisons, etc.) and put people's well being above the almighty dollar (at least in a couple of ways), but that doesn't seem likely anytime soon.

warp daddy wrote

I am older than Pee Tex and trust me Many  born during WW II ( Silent Generation ) and post WW II baby generation do not share his view . Chacun a son gout as the French say .

To wit : i have yet to  meet the person who on their deathbed said " i wish i had worked longer "

 Most work to live , not live to work . You only have so much life force ,get busy making a life , not JUST a living .

As I said before - I have never worked a day in my adult life.

So Warp - if somebody paid you to play golf when ever you felt like playing golf and didn't give a hoot how you scored would you tell them, no thanks - keep your money?

MC2 5678F589 wrote

This style of "teaching" works for some, but not for others. Some people would just prefer not to interact with people who mercilessly mock them because of simple mistakes.

It's never been that big a deal to me.  You know a lot of times these kind of people would bust my balls initially but we'd wind up friends later on.

The problem with the ruthless capitalist system we're stuck in is that human labor is considered exploitable, intellectual prowess is considered a liability, and natural resource extraction is just another market to be gamed.

It would be nice to take the profit motive out of certain industries (healthcare, war, prisons, etc.) and put people's well being above the almighty dollar (at least in a couple of ways), but that doesn't seem likely anytime soon.

I've always considered this a major flaw to unchecked capitalism.  Stark supporters of the free market will say it will regulate itself, but I've yet to see that happen in reality, and rarely there's a motivation for the market to do so.

This is why despite which way people lean (socialist vs capitalist), we know in reality that both systems have a number of flaws and that the only way to work around those is to try to use one to balance another.

I've always found the medical industry to be particularly difficult to understand from this standpoint.  We know that competition in this area makes for more advances but also drives up costs and creates inequality.  To regulate the system more could stifle the motivations people have for working very hard in that industry, and thus cause it to degrade.  OTOH I've never thought it very moral to put a price on who lives and who dies, but history has shown us humans are never very good at those kind of decisions.

Frankly P , i did just that, even tho i really enjoyed my work  !

Actually several times after i finally pulled the plug and sold my consulting business ,( a parallel career track to my primary profession ) to my partner. I was offered plum consulting jobs for a couple of years but was not interested!       I did  not need the coin or the involvement , had too many other interests to pursue
 
 So ...as i said earlier in french  " To each,  His own " . Ergo  i am not criticising you at all , just making a point that  one size does not fit all.

I had a job soldering circuit boards in a small factory one of the summers when I was in college.

The foreman sends me over to the bolt cabinet to get a half inch 5/16" bolt. Nothing is labeled of course so I covertly take a tape measure with me. The half inch length is easy enough to figure out, but the diameter? I had no clue. Is it the inner diameter or outer of the threads? (Still don't know) Even if I knew not sure I could figure it out with a ruler.

Needless to say I came back with a 1/4 inch or maybe it was a 3/8ths.

"What DO they teach you in school COLLEGEBOY!? I didn't live it down the rest of the summer.

Harvey wrote

I had a summer job soldering circuit boards in a small factory one of the summers when I was in college.

This foreman guy sends me over to the bolt cabinet to get a half inch 5/16" bolt. Nothing is labeled of course so I covertly take a tape measure with me. The half inch is easy enough to figure out, but the diameter? I had no clue. Is it the inner diameter or outer? Even if I knew not sure I could figure it out with a ruler.

Well needless to say I came back with a 1/4 inch or maybe a 3/8ths.

You should have heard the razing from the men and women on the line. "What DO they teach you in school COLLEGEBOY!? I didn't live it down the rest of the summer.

Ahhh - that's nothin'.

I worked as an engineer in a factory that made farm equipment right out of college.

I recall one of my first tasks was to figure out why certain things weren't fitting together on this particular combine.  I recall the first time I went out on the shop floor with my collared shirt and khaki pants and asked some questions to the guys on the final assembly line.  Holy shit.  I never heard such abuse!  They all were laughing about how I was going to figure out how to put this machine together on my computer.

Oddly enough, I really enjoyed working at that place.  I became real good friends with the head toolmaker and I learned a lot of stuff from that guy.  He was really smart even though he never finished high school.  He used to get teased bad and called "caveman" because of his simplistic approach to things, but he was often right.  Also, I have no idea how he could do it, but he could tell if something was off by 1/16" or less over a couple feet.  He'd be the guy that walks by and says "that ain't centered".  Sure enough, you'd check, it'd be off.  Maybe a tiny bit, but it'd be off.  Fucker was really good at building shit and I think that shop would have gone to shit if not for him.

I also got a lot of respect from the factory guys eventually because I would go out and learn stuff in the shop during my lunch break.  Mostly welding but other metal working too.

I also recall the shop foreman liking me quite a bit in the end before I left and he would often razz the other workers saying he would give me their job when they'd give me shit.

I wasn't really saying it was something, just remembering it.  I think at some level I understood their need to put me down.

I actually liked that job too except that I was exposed to some dangerous chemicals (trichlorethylene) without any protection.

I was known for creating super neat (organized) internal wiring.  No one would probably ever see it but I liked doing it.

Harvey wrote

I wasn't really saying it was something, just remembering it.  I think at some level I understood their need to put me down.

I actually liked that job too except that I was exposed to some dangerous chemicals (trichlorethylene) without any protection.

I was known for creating super neat (organized) internal wiring.  No one would probably ever see it but I liked doing it.

I guess I'm just relating.  It was a good story that made me think of how many times that kind of thing happened to me.  I particularly remember being called "college boy" many times.  And a lot of other worse things actually.

That place wasn't my first experience with that sort of thing, but it wound up being the best because I had a chance to step into their world and show I wasn't afraid of it, or afraid to make mistakes and get teased.  I'd also give it right back when I could.

Harvey wrote

I had a job soldering circuit boards in a small factory one of the summers when I was in college.

The foreman sends me over to the bolt cabinet to get a half inch 5/16" bolt. Nothing is labeled of course so I covertly take a tape measure with me. The half inch length is easy enough to figure out, but the diameter? I had no clue. Is it the inner diameter or outer of the threads? (Still don't know) Even if I knew not sure I could figure it out with a ruler.

Needless to say I came back with a 1/4 inch or maybe it was a 3/8ths.

"What DO they teach you in school COLLEGEBOY!? I didn't live it down the rest of the summer.

The correct response would have been “you want UNF,UNC,UNEF, UNJF,UNJC,UNR or UNK”?

Knowing what I know now about fasteners I would have a lot more questions than the pitch, but first and foremost, who designed anything using a 5/16" OD at only 1/2" of length?  That fastener is far too stiff for the amount of stretch it will have in the joint.

OMG. #1, 1/4-20, #26, 17, M8, Ab thread,  ss vs zinc coated....ftw!
Milo to chime in...3...2..

Hey - I was going for the equivalent of the African or European swallow response

Z wrote

Big game today Warp.  If bears win and 49ers who have been playing great lately beat rams then da bears get the 2 seed.  

Goff wants no part of a game played in January in Chi town.  Bears D vs Saints O would be a hell of a game.  Then bears would be onto Super Bowl vs either KC or Chargers.  Mack will go down as best trade in History of NFL.  What a difference maker.

Your Football predictions are as terrible as your stock picks!

Game was imminently winnable Matt , damn kicker effed up last play , end of story . It happens .

His contract will be bought out,  they must have  a reliable kicker .Dude hit the Posts 6 times this year , you dont do that and survive .

I thought the Bears got lucky when they reversed the 2 pt conversion, which set them up (along with Cohen's return), then the kicker blew it.

https://forum.nyskiblog.com/NFL-thread-td4066118.html