@TS@twitter My initial reaction may have been too generous--was Logan actually *happy* that these people died because they had criticized her?
@TS@twitter Wow, this is a revelation. Did he ever write directly to Logan? Did she know that he said these things about her? Would she have felt the same about his death if she knew? The Reuters report is so short. I really appreciate your comment here, as it does more justice to Mr. Okrent's memory. And, for me, it also points out the stark difference between mourning a young person's death and reveling in it. That sounds rather harsh, but yes, I think perhaps Logan is reveling in the idea of an early death, when she could be mourning the loss of a real life. Paying respect is better than paying for another round.
My mom, who woke up on Saturday mornings to casualty reports from Vietnam, taught me that we can fear an early death but still prepare for a long life.
@stuffisthings Oh, see, thinking of six months as "the long run" strikes me as ludicrous. I buy stocks I plan to hold for years.
@stuffisthings How long is your long run?
@beatricks@twitter Oh, oh! I want to write that article. But I can tell you without preamble that the fluctuations are often decided by people who are irritating and perhaps mentally deficient. The price you see for a stock on the ticker is often not what its actual value is. The price changes on a daily basis because of people who treat the market like a casino. No mystery there. However, if you have the business acumen to read up on a company and determine what it is they do and how well they do it, you can decide for yourself what the value of their business is. If, like me, you have some acumen but also know that you don't know everything, you can listen to financial analysts who make a call on what a company's real value per share is. For example, XYZ might be trading around $15 this week, but Standard & Poor's says the stock is undervalued and really worth $20/share. Then you just have to decide whether to trust Standard & Poor's, or if you want to read their five pages of reasoning, or if you'd rather listen to Citi Investment Research & Analysis or Morgan Stanley or somebody.
@themegnapkin and @redheaded&crazy Yes, reading is a very good idea. I have read enough to feel comfortable with my stock choices, and while I know I could potentially lose the money forever, I don't act like a gambler when I'm picking something out. The thing is, yes, they're risky, but you can absolutely mitigate the risk by knowing what you're getting into. It's not all fate, chance, odds, whatever that it's often made out to be. I tend to invest in companies that are established, have shares valued at more than $10, and have reports by at least three reputable financial analysts.
@redheaded&crazy If you are indeed redheaded & crazy, I wonder why you’re risk averse? But seriously, the further you are from retirement age, the more stock you should dive into. As you get older, you can move to mutual funds. I’m not saying you should dump all your savings into stocks; you should certainly keep your emergency fund in a savings account with interest.
@lalaland An oil rig would actually be very useful, as it is used to drill wells, and the rig owner makes money whether or not the well hits.
I would like to see more posts about investing on the Billfold. I don't care much for this particular writer's style (extraneous details makes this an unnecessarily long read), but I would be interested to see if he can make a better second impression.