XSO (ASX) The Brains Trust

Originally posted by Galba ↑

Some great posts from a lot of people this year already, and it's great to have you and Anton back on here, albeit I know it's one of those cameo's that will unfortunately end at some point

I don't have anything profound on here to say like both of you both but I did want to say that @paddington bear put up an important post of @TraderGT about doing what you have a niche in in or being comfortable doing.

To do what you've suggested, or like Buffet, who as @strauss even mentioned is a complete freak, you have to have unwavering confidence and unshakeable resolve. In other words, take your emotions out of it. Our emotions inhibit our best laid plans. But if you've got the confidence in your research and yourself then it's a different story. I think any new person coming in needs to have a basket of stocks to develop what works for them. And I'm a firm believer in never investing/gambling what you can't afford to lose, and also time in the market, not timing the market...

Anyway it's nice to see a robust start to the BT this year. I would be remiss if I didn't mention some stocks. I'll mention some cheapies.. I also have a few TMT Umi... I know a few of us here are on K2F I believe, and @Pisces, seeing as directed at you, have I mistaken myself, but did you once mention TEN? I have an inherent media bias which has been quite known on here regarding PRT, but I think we're starting to see the star's or even star sign's aligning.. The licensing fees surely must be scrapped or lowered this year one would think and I wonder if the 2/3 rule will also go which would bring much consolidation in the sector. I think TEN,PRT and SXL are sitting ducks if it were to happen.

Also wishing all the BT crew a propserous 2017. Cheers

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Galba something will happen with TEN as you describe , timeline unknown.

Re Buffet I fully realise most people have limited budgets , limited temperament issues ,just want to have some fun ,talk to lots of people , make stress free money on the side or in a more significant way without having to stress themselves ,consult everyone who's warm and vertical , use charting or FA and educate themselves , that's all fine . My point is that after nearly forty years in the market I've only seen individuals get genuine wealth through the market via one way so my post is directed ,perhaps forlornly ,at a younger person not set in their ways who has the means, gumption and desire to improve their lifestyle significantly via the market . If they want to do that there is I believe ,only one way of doing that . But of course it's not for most people who are perfectly happy with their methodology and returns, and/or the progress they are making in their sharemarket journey. It's not a criticism of any of them even if they do get prickly. We all have a different intellectual and emotional makeup . Playing a longer and big game is not for many people ,but those who do usually end up rich if they're good enough.

This only started to arise once I turned the tap off a bit and started to post in a more esoteric fashion and stopped throwing out what was likely to move every day , my posts aren't intended for popular consumption. I now put something up when I feel like it .

Thanks for your thoughts and good luck with your investments . I see Umi doesn't like k2f . Some people with deep pockets do ,but when they actually turn up to buy it I don't know and whether the business is sustainable longer term ,even though they can likely have some good numbers a year or two out ,I don't know . It's not a stock that I have thrown much money at