The Financial Philosopher
Some blogs entertain. Other blogs educate. It is the rare blog that is smart. By smart I mean that feeling one has after reading an article knowing that the clarity of thought expressed is of a level few obtain. I classify The Financial Philosopher as falling into the smart category.
The Financial Philosopher blog provides the new investor or trader with the tools which provoke one to philosophically examine the field of investing and trading. The Financial Philosopher discuses those issues most pertinent to a new investor's or trader's success in the market and does so in a easy to understand manner. Simply put, I enjoy this blog because I agree with the blog author's statement that "everything goes back to keeping things simple and knowing intimately who you are."
Tuesday, August 07, 2007
The Financial Philosopher - Blog Review
The new investor would be well served to take the time to read The Financial Philosopher
blog.
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6 comments:
I appreciate your kind words. As you might guess, I must humbly say that my words are inspired by wisdom that has existed for centuries. I recently used this quote from Goethe: "All truly wise thoughts have been thought already thousands of times; but to make them truly ours, we must think them over again honestly, till they take root in our personal experience."
Thanks again. Cheers...
What are the Global Economic Prospects?
In 2008 the world’s financial markets experienced their worst crisis since the Great Depression of the 1930's !!
So the burning questions for many people are, “Is the worst behind us or still ahead of us?”, and “What lies ahead in 2009?”.
Clearly, the United States will experience a deep and protracted contraction lasting around two years at least, and certainly beyond the end of 2009.
And to make matters even worse, there will also be recessions in the Euro Zone, the United Kingdom, Continental Europe, Canada, Japan, and all the other supposedly advanced economies.
Although the present crisis was triggered by the collapse of the U.S. housing bubble it was by no means what caused it because America's credit excesses in residential mortgages, commercial mortgages, credit cards, auto loans, and student loans also played a big part in it and as a consequence overall credit losses are likely to be around a staggering $2 trillion !!!
In the next few months, the macro-economic news and the various earnings/profits reports from all around the world will be far worse than were expected thus putting further downward pressure on the prices of risky assets, and this can be largely blamed on equity analysts that are still refusing to admit to themselves and to the world just how grave the situation really is!
So, somewhat sadly the worst is still ahead of us and only if aggressive and coordinated actions are both orchestrated and taken by the advanced and emerging-market countries is there even the slightest possibility that that the global economy will start to recover before 2010.
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I have a web site where I give advise on penny stocks and stocks under five dollars. I have many many years of experience with these type of stocks. If their is anyone that is interested in these type of stocks you can check out my web site by just clicking penny stocks. I would like to take a moment to talk about low price stocks not classic penny stocks or stocks under one dollar the term most people most often think of when the word penny stock is used. Their are companies of really decent quality trading under five dollars’ but for every one company trading under five dollars that is of decent quality their are maybe ten of poor quality. So the really big difference between those investors that are tremendously successfull when it comes to investing in low price stocks and those investors that lose enormous amounts of money investing in stocks under five dollars’ is having a great deal of knowledge and experience when it comes to low price stocks’ or having a total lack of knowledge and experience when it comes to low price stocks. Finding quality stocks under five dollars requires a lot more research than finding a decent stock above ten dollars.
Thanks for the article!I like the way you write on finance topics.
A great review of blogs.
I would agree 100% that the clarity of thought expressed here is a rare value nowadays. I also like clear and transparent services, like North & Loans. Thanks a lot!
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