A MisAdventure? Sunday, November 25, 2007
Posted by croatz in capital markets.Tags: adventures, finance, markets
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I’ve begun to rethink the nature of this blog, as I don’t really provide any value by talking about what already happened – apparently other people do this – what a crazy world. I’m contemplating shifting it (yes, I pretend that I have readers that are invested in this blog) towards a focus on out-of-favor stocks, or firms that, for some reason or another, have suffered dramatic losses in their stock value. A good example of this would be what TASR went through with its lawsuit process, what Vonage is currently going through and what the homebuilders/mortgage lenders/banks are beginning to experience. I’m not quite sure why I am drawn to catastrophe, perhaps it reminds me that it takes failure to create success and that the greatest opportunities are the ones that are discarded, impossible and laughed at. I derive a certain amount of pleasure from being able to ride out the storm. It is a brutal process, where you are forced to ignore what everyone else is saying and believe that for some reason, you are right and they are wrong despite all evidence to the contrary.
As the saying goes, It is always darkest before dawn.
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