tag:blogger.com,1999:blog-1527840491496268397.post1492934801533215884..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: Why Isn't Central Bank Reflation Working This Time?Unknownnoreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1527840491496268397.post-64778474075616163932012-01-24T14:48:26.348-07:002012-01-24T14:48:26.348-07:00Agreed.Agreed.Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-6515482503851583262012-01-24T14:47:17.812-07:002012-01-24T14:47:17.812-07:00This is at once a blessing and a curse for us.
By...This is at once a blessing and a curse for us.<br /><br />By paying attention to demographics, we are looking at a metric that is orthogonal to what everyone else is following.<br /><br />So, there needs to be some kind of theory about when other investors will include this data in their thinking.<br /><br />Until then, it can inform our trading but we can't bet on it directly.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-89990426089422270662012-01-24T13:55:37.751-07:002012-01-24T13:55:37.751-07:00WB: "I don't see how the age distribution...WB: "I don't see how the age distribution of a country, or whether the population is rising or falling, could be of relevance to any business."CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-84214418794124389212012-01-24T13:11:47.195-07:002012-01-24T13:11:47.195-07:00Lots more at www.buffettfaq.com
The intelligentsi...Lots more at www.buffettfaq.com<br /><br />The intelligentsia have suffered the same conditioning-- there are increasing numbers of them who have never worked a day in their life and have been so sheltered from the productive part of the economy that it's a true mystery to them how wealth is created. They have never experienced the process of creating wealth, only of consuming it. End result is they believe their own intelligence can be of use in summoning wealth into existence through thoughtful policy manipulation.Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-50111107913442362232012-01-24T12:27:39.214-07:002012-01-24T12:27:39.214-07:00Amazing find! That is from a talk at University of...Amazing find! That is from a talk at University of Kansas?<br /><br />Of course, U.S. demographics were a steady tailwind during his lifetime, so he is conditioned not to pay attention to them.<br /><br />By the way, I'm noticing a lot of commentary on the Federal Reserve where people are honestly searching for that elusive "monetary policy" that will result in prosperity.<br /><br />Which completely devalues the thrift, industry, and inventiveness of millions of individual economic actors! Who even thinks about that anymore?CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-68141669058950826722012-01-24T07:57:56.678-07:002012-01-24T07:57:56.678-07:00WB:
We aren't big on demographic trends. It&#...WB:<br /><br /><i>We aren't big on demographic trends. It's difficult to translate that information into profitable decisions. It is hard to figure out what businesses will prosper in the future, based on macro trends. See's candy is for anyone and Fruit of the Loom is for people who need underwear today. We want to be right on something that will work right now, not something that might work in the future. I doubt that Wal-Mart spends a lot of time on demographics. They instead focus on where to put the store and what to put on the shelves. I've never found those kinds of stats useful. People were all excited to go into stocks 6 years ago, but it wasn't because of demographic trends.</i>Taylor Conanthttps://www.blogger.com/profile/18270678440957992085noreply@blogger.com