RE:What's newHueco y noche. Lol Nope learning about chi-squared distributions. Central Limit Theorum and all that jazz. Got John Coltrane playing. "A Love Supreme". Great album. Jazzes up the boring stuff - adjustments, accrued, accretion, trial balance, adjusted trial balance, depreciation as it relates to charges and not the change in value of an asset etc ad nauseum.
Yep great knowledge that I gained here! Wanted to start investing. Friend said don't buy anything yet, follow a stock, buy some "fancy" books and learn to dissect financial statements and undersrand MD&As. Follow oyl he said because of my background in exploration. Learned a bit more about geology as well. But most importantly, I learned about human behaviour. Von Mises wrote a book about human action that I read snippets of. The idea that humans act differently in a collective than when they are by themselves. Market psychology.
Ties in great with Warren Buffet's comment that in the short term, the market is a voting machine. In the long term, it's a measuring machine. So now that the popularity contest is just about over, it's time to take the measure of things.
How oyl is measured is up to each individual investor. I've read comments putting it from $4 per share to $100 per share with no quantifiable, verifiable information supporting those estimates. Don't trust the stock analysts he said. Remember the dot com bust. Learn to measure things on your own. The collective is not always right. The idea of "rational market theory" is irrational at it's core.
I'm very encouraged to see Mr. Durkee there. Let's see where the money comes from. The next big challenge. Going back to my chi-squared now and maybe learn a bit about human resources. But I'm a bit dixlectic so it's a bit of a challenge for me. Glta. Measure well!