Nintendo Investors Thread

[Tarumon]

OceanJ said:

Tarumon said:
Maybe it's what I do and how I made my money. Sustained price weakness is a great way to accumulate wealth. I would at least continue buying for another year or two. If you are still trying to make it, this is even better as it literally waits forever until it launches again, allowing you to beef up your holdings over time at your leisure. Especially if you find it enjoyable following an industry and a stock this closely. As long as the company did not veer itself into eminent danger (excessive leverage kills just about all businesses), bite a big chunk out of this baby!!!

The average person benefits little from stock trading, the returns are abysmal over time, and that's blended up by professional results! Instant pricing availability, split second trading availability, makes the stock market an easy place to move your money through it, but ever more diffcult to keep it growing in it. So instead of listening to the BS about diversification, allocation, blah blah. Stick with a few that you truy understand, then pour any time you would have spent on your career or on having fun, and over time you'd have much more wealth and fun than the typical miserable stock market participant.

A lot of folks are scared by the stock-market, that the game's rigged.  I still think it's the best way to make wealth.  But I have to endorse basic principles of diversification and not putting your eggs in one basket.  

Nintendo is a great buy right now, hands down.  With so much of their book-value & tangible book-value made up of Cash & Short-Term Investments, the downside risk right now is pretty much zero.  It's crazy.

It is rigged.  Paying 20-30-40-100 times earnings, and being brain washed into accepting it is crazy.  Also, the more you diversify, the more your porfolio will perform @ market, the market generates a return that simply doesnt justify the risks, so every cycle, bam!  One down year wipes off an entire cycle worth of gains.  All trading strategies just manage how and when you are exposed to risks.  But the systematic risk that is the casino itself can only be avoided by having as little chips as you can on as big a return as you can get and leaving the table with your winnings while you still can.

Have you come across Black Swan theory?  Even though I dabbled in stocks, bonds, real estate, commodities, fx, having 95% of your portfolio making a solid high fidelity returns but still betting with the 5% for multi-baggers has been the easiest approach I've tried.