Comments for Masteroftheuniverse's Weblog http://masteroftheuniverse.wordpress.com Trading, surfing, and my extensive art collection discussed here Sat, 19 Jul 2008 06:18:14 +0000 http://wordpress.org/?v=MU Comment on July 18th by We Are...Penn State email list http://masteroftheuniverse.wordpress.com/2008/07/18/july-18th/#comment-1094 We Are...Penn State email list Sat, 19 Jul 2008 02:26:03 +0000 http://masteroftheuniverse.wordpress.com/?p=388#comment-1094 Your P&L sounds like one of those days when a market whips all over the place before settling near where it settled the day before. We used to refer to that as "sharply unchanged." Your P&L sounds like one of those days when a market whips all over the place before settling near where it settled the day before. We used to refer to that as “sharply unchanged.”

]]> Comment on Forgery by We Are...Penn State email list http://masteroftheuniverse.wordpress.com/2008/07/17/forgery/#comment-1093 We Are...Penn State email list Sat, 19 Jul 2008 02:23:39 +0000 http://masteroftheuniverse.wordpress.com/?p=384#comment-1093 Caravaggio: <I>Destroying the picture seems a bit harsh to the outside, but the action is relevant to small traders with a handful of stocks - cut the losing position before it infects the portfolio.</I> I'm a little confused. You make it sound like the presence of a forgery can turn nearby paintings from genuine to fake. Caravaggio: Destroying the picture seems a bit harsh to the outside, but the action is relevant to small traders with a handful of stocks - cut the losing position before it infects the portfolio.

I’m a little confused. You make it sound like the presence of a forgery can turn nearby paintings from genuine to fake.

]]> Comment on Forgery by masteroftheuniverse http://masteroftheuniverse.wordpress.com/2008/07/17/forgery/#comment-1090 masteroftheuniverse Fri, 18 Jul 2008 21:26:14 +0000 http://masteroftheuniverse.wordpress.com/?p=384#comment-1090 Caravaggio, I destroyed the painting during a fit of anger. After all, I'm only human:) The bright side of this discovery is that the rest of my collection, around 60 pieces, passed the sniff test with flying colors. Now, having one piece discovered to be a fake is a small price to have the other 60 pieces guaranteed to be the real deal. As I said before, one must have some trust in somebody, especially a major dealer. Dealers and auction houses are supposed to do their homework to ensure the provenance of what they're selling. No wonder the dealer I bought this work from is out of business. I've been ripped off a million times in the market, especially in petty swindles in the wheat pit. I took those losses in stride, and was able to beat those swindlers by exploiting their mistakes. Somehow, getting ripped off by a gallery just botheres me a little. Thankfully, the money involved is small potatoes. As of late, my entire life has been experiencing a draw down, with losing my wife. I'm facing this life drawdown like I face any market drawdown, and the result is that I'm coping very well. Heck, as strange as it seems, life could be whole lot worse. Jeff Caravaggio, I destroyed the painting during a fit of anger. After all, I’m only human :)
The bright side of this discovery is that the rest of my collection, around 60 pieces, passed the sniff test with flying colors. Now, having one piece discovered to be a fake is a small price to have the other 60 pieces guaranteed to be the real deal. As I said before, one must have some trust in somebody, especially a major dealer. Dealers and auction houses are supposed to do their homework to ensure the provenance of what they’re selling. No wonder the dealer I bought this work from is out of business.

I’ve been ripped off a million times in the market, especially in petty swindles in the wheat pit. I took those losses in stride, and was able to beat those swindlers by exploiting their mistakes. Somehow, getting ripped off by a gallery just botheres me a little. Thankfully, the money involved is small potatoes.

As of late, my entire life has been experiencing a draw down, with losing my wife. I’m facing this life drawdown like I face any market drawdown, and the result is that I’m coping very well. Heck, as strange as it seems, life could be whole lot worse.

Jeff

]]> Comment on Forgery by Caravaggio http://masteroftheuniverse.wordpress.com/2008/07/17/forgery/#comment-1089 Caravaggio Fri, 18 Jul 2008 15:39:59 +0000 http://masteroftheuniverse.wordpress.com/?p=384#comment-1089 When I read about the forgery, I wondered what the course of action would be. Destroying the picture seems a bit harsh to the outside, but the action is relevant to small traders with a handful of stocks - cut the losing position before it infects the portfolio. Insight is everywhere. A life without occasional swindles, illnesses, misfortunes and the like would be highly abnormal. If we take the necessary precautions then I guess we must take this aspect of life in its stride. And if we don't take sensible precautions to prevent these downside events, then the question is what can we learn from these experiences? When I read about the forgery, I wondered what the course of action would be. Destroying the picture seems a bit harsh to the outside, but the action is relevant to small traders with a handful of stocks - cut the losing position before it infects the portfolio. Insight is everywhere.

A life without occasional swindles, illnesses, misfortunes and the like would be highly abnormal. If we take the necessary precautions then I guess we must take this aspect of life in its stride. And if we don’t take sensible precautions to prevent these downside events, then the question is what can we learn from these experiences?

]]> Comment on Forgery by masteroftheuniverse http://masteroftheuniverse.wordpress.com/2008/07/17/forgery/#comment-1088 masteroftheuniverse Thu, 17 Jul 2008 22:09:17 +0000 http://masteroftheuniverse.wordpress.com/?p=384#comment-1088 I know I enjoyed it, but the integrity of my entire collection was at stake, so the painting has been destroyed. Thanks for stopping by. Jeff I know I enjoyed it, but the integrity of my entire collection was at stake, so the painting has been destroyed.

Thanks for stopping by.

Jeff

]]> Comment on Forgery by yesbuts http://masteroftheuniverse.wordpress.com/2008/07/17/forgery/#comment-1087 yesbuts Thu, 17 Jul 2008 20:45:51 +0000 http://masteroftheuniverse.wordpress.com/?p=384#comment-1087 Even though its a forgery its the same painting you appreciated a minute before you heard the result of the evaluation. Enjoy:) Even though its a forgery its the same painting you appreciated a minute before you heard the result of the evaluation.
Enjoy :)

]]> Comment on Another trip by masteroftheuniverse http://masteroftheuniverse.wordpress.com/2008/07/16/another-trip/#comment-1083 masteroftheuniverse Wed, 16 Jul 2008 23:01:45 +0000 http://masteroftheuniverse.wordpress.com/?p=379#comment-1083 Tommy....thanks for stopping by, and thanks for the kindness. Jeff Tommy….thanks for stopping by, and thanks for the kindness.

Jeff

]]> Comment on Another trip by tommymoose http://masteroftheuniverse.wordpress.com/2008/07/16/another-trip/#comment-1077 tommymoose Wed, 16 Jul 2008 04:06:23 +0000 http://masteroftheuniverse.wordpress.com/?p=379#comment-1077 You can physically outgrow plenty of sports (old bones and muscles make it impossible) but, as you've proven, I don't think surfing is one of those sports. If he really likes to surf it would be a damn shame to give it up because its frowned upon by some ivy leaguers. You've got to be proud of where you're from and what you're a product of :) Enjoy your rides together. You can physically outgrow plenty of sports (old bones and muscles make it impossible) but, as you’ve proven, I don’t think surfing is one of those sports. If he really likes to surf it would be a damn shame to give it up because its frowned upon by some ivy leaguers. You’ve got to be proud of where you’re from and what you’re a product of :) Enjoy your rides together.

]]> Comment on Found a good reminder by allocator http://masteroftheuniverse.wordpress.com/2008/07/15/found-a-good-reminder/#comment-1076 allocator Wed, 16 Jul 2008 02:55:53 +0000 http://masteroftheuniverse.wordpress.com/?p=377#comment-1076 Sharks. Right. Cheers Sharks. Right.

Cheers

]]> Comment on Found a good reminder by Jeff Watson http://masteroftheuniverse.wordpress.com/2008/07/15/found-a-good-reminder/#comment-1074 Jeff Watson Wed, 16 Jul 2008 00:05:09 +0000 http://masteroftheuniverse.wordpress.com/?p=377#comment-1074 George, I love the outer banks. We like to surf at Nags Head. Have a great trip, and watch out for sharks. Jeff George,

I love the outer banks. We like to surf at Nags Head. Have a great trip, and watch out for sharks.

Jeff

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