The Investments Blog: Shaq Still Dominates around Basket (of fries)

Friday, November 26, 2010

Shaq Still Dominates around Basket (of fries)

From an article in The Onion:

Celtics coach Doc Rivers said the 7-foot-1 center showed remarkable passion, screaming at opponents and throwing elbows in order to clear out the area in front of the basket of fries.

According to Rivers...

"Some people say that he's slowed down over the years, but he showed some real lateral quickness when he was defending his basket. He must have snagged about a dozen fries that I thought were out of his reach."

"He sent a clear message to the league tonight," Rivers added. "If you get close to that basket of fries, Shaq can still make you pay."

Check out the entire article.

Adam

Origin of Newton's 4th Law?

"Long ago, Sir Isaac Newton gave us three laws of motion, which were the work of genius. But Sir Isaac's talents didn't extend to investing: He lost a bundle in the South Sea Bubble, explaining later, 'I can calculate the movement of the stars, but not the madness of men.' If he had not been traumatized by this loss, Sir Isaac might well have gone on to discover the Fourth Law of Motion: For investors as a whole, returns decrease as motion increases." - Warren Buffett

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A temperamental market pretty much assures it.

Those with a long investing horizon, it's worth noting, actually benefit from lower stock prices in the near-term (though not many market participants seem willing to put this truism to effective use). Those who attempt to profit primarily via speculating on short-term price action likely won't find this way of thinking to be of much interest.

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Notable Quote

"Warren and I have not made our way in life by making successful macroeconomic predictions and betting on our conclusions.

Our system is to swim as competently as we can and sometimes the tide will be with us and sometimes it will be against us. But by and large we don't much bother with trying to predict the tides because we plan to play the game for a long time.

I recommend to all of you exactly the same attitude.

It's kind of a snare and a delusion to outguess macroeconomic cycles... ...very few people do it successfully and some of them do it by accident. When the game is that tough, why not adopt the other system of swimming as competently as you can and figuring that over a long life you'll have your share of good tides and bad tides?" - Charlie Munger

The Investments Blog

Friday, November 26, 2010

Shaq Still Dominates around Basket (of fries)

Origin of Newton's 4th Law?

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