You Can't Make Money Trading on the Well-Known Advantages of an Asset!

By -
I've had people tell me things like, "You can't lose buying real estate in New York: there are so many jobs here!"

Well, everyone knows there are many jobs in New York, so that is already factored into the New York real estate prices. Peter Keating commits this error in regard to buying an NBA team: "But if you were to buy into a league today based on growth potential, the NBA is the game to join."

To back this assertion, he then cites facts that anyone who might buy an NBA team already knows, like: "NBA teams bought since 2010 have increased in value by an annual average of 20.3 percent, versus 17.8 percent for NFL teams."

Comments

  1. Lord7:58 PM

    But you can holding, which is what makes them assets.

    ReplyDelete

Post a Comment

Popular posts from this blog

Libertarians, My Libertarians!

By -
Cruel to be kind means that I love you . Because, while I think you are mistaken, your hearts are in the right place -- yes, even you, Silas --  unlike some people . This Breitbart fellow (discussed in the link above), by all appearances, deliberately doctored a video of Shirley Sherrod to make her remarks appear virulently racist, when they had, in fact, the opposite import. I heard that at a recent Austrian conference, some folks were talking about "Callahan's conservative turn." While that description is not entirely inaccurate, I must say that a lot of these people who today call themselves conservative give me the heebie-jeebies.
Read more

"Pre-Galilean" Foolishness

By -
 I am currently reading The Master and His Emissary , which appears to be an excellent book. ("Appears" because I don't know the neuroscience literature well enough to say for sure, yet.) But then on page 186 I find: "Asking cognition, however, to give a perspective on the relationship between cognition and affect is like asking astronomer in the pre-Galilean geocentric world, whether, in his opinion, the sun moves round the earth of the earth around the sun. To ask a question alone would be enough to label one as mad." OK, this is garbage. First of all, it should be pre-Copernican, not pre-Galilean. But much worse is that people have seriously been considering heliocentrism for many centuries before Copernicus. Aristarchus had proposed a heliocentric model in the 4th-century BC. It had generally been considered wrong, but not "mad." (And wrong for scientific reasons: Why, for instance, did we not observe stellar parallax?) And when Copernicus propose...
Read more