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Holidays, Minyan-Style

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Wishing all Minyans the best this holiday season.

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If we took a holiday
Took some time to celebrate
Just one day out of life
It would be, it would be so nice
-Madonna

Braving the elements a few nights back, fellow Minyan Casey and I gathered at a local eatery for some holiday fare. As we're prone to do, our dine-and-discuss quickly turned to the markets. Neither of us makes a living by trading the guts of the tape. As investors, we focus more on the destination rather than on the path taken to get there.

Our conversation touched topics familiar to many Minyans. We pondered the chances that massive government-sponsored intervention will be able to reverse the deflationary trend. We wondered how alternative assets such as gold, oil, and other commodities would fare going forward. Familiar with the rhyme of history, we acknowledged the need to get smarter on the 1920s-1930s period in order to better connect past economic extremes to the potential for similar future events.

We both think we see pockets of market value emerging as prices cascade lower. However, we wondered aloud whether returns on capital may not be fundamentally impaired by socialistic trends, thereby reducing equity values of Bank of America (BAC), General Electric (GE), Exxon Mobil (XOM), and virtually all firms operating in such an environment.

Driven perhaps by the season's reflective nature, we also celebrated our good fortune to be Minyans. Hoofy & Boo's recent Emmy symbolizes how the 'Ville is changing the way people learn about financial markets. Both Casey and I are living, breathing examples of Minyanville's impact; we mutually expressed our gratitude for such.

Trudging home in the wintry mix afterwards, I realized that this dinner fete would not have been possible pre-Minyanville. Most likely, I would not have met my friend Casey (he shouted out my trusty MV cap at a local high-school baseball game a couple years back). Moreover, neither of us would have been capable of offering our current caliber of informed thought process were it not for our connection to the 'Ville.

When you boil it down, that's really what Minyanville is about. Sharing thoughts and ideas in a respectful manner, learning from each other, and then applying what we've learned towards better financial decisions for ourselves and for our constituents.

Many thanks to all for your Minyanship, and happy holidays!

positions in gold, oil

The information on this website solely reflects the analysis of or opinion about the performance of securities and financial markets by the writers whose articles appear on the site. The views expressed by the writers are not necessarily the views of Minyanville Media, Inc. or members of its management. Nothing contained on the website is intended to constitute a recommendation or advice addressed to an individual investor or category of investors to purchase, sell or hold any security, or to take any action with respect to the prospective movement of the securities markets or to solicit the purchase or sale of any security. Any investment decisions must be made by the reader either individually or in consultation with his or her investment professional. Minyanville writers and staff may trade or hold positions in securities that are discussed in articles appearing on the website. Writers of articles are required to disclose whether they have a position in any stock or fund discussed in an article, but are not permitted to disclose the size or direction of the position. Nothing on this website is intended to solicit business of any kind for a writer's business or fund. Minyanville management and staff as well as contributing writers will not respond to emails or other communications requesting investment advice.

Copyright 2011 Minyanville Media, Inc. All Rights Reserved.

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