Archive for the Uncategorized Category

Investing in the Future

Posted in Uncategorized on 20, May 2017 by nathanbusch

During a discussion period at the AAII Conference in Minneapolis on 11th May 2017, I briefly discussed that, in the near future, there will be no investment opportunities and no money to invest even if there were investment opportunities.  Of course, this concept took the audience of more than 100 people by surprise.  One woman even asked me the following: “how will we buy groceries”?  My answer was simple:  “there will be no cost because there will be no money”.

Towards understanding my view of the future, it is necessary to understand what is money.  In the simplest possible terms, money is a measure of the amount of human labour, which is measured in units of time, required to produce a unit of goods or services.  As an example let us consider the case of a blacksmith and a farmer.  The farmer needs a scythe to cut his wheat crop so that it may be prepared for market.  The blacksmith needs only a small amount of wheat for his stables: however, he does require a considerable amount of wood for his forge.  For the moment, we shall set aside the issue of the relative utility of the scythe to the farmer and the wood to the blacksmith.  Let us say that it takes the blacksmith 400 hours to make a scythe of sufficient quality to be of long-term use to the farmer and it takes 400 hours for the farmer to cut and stack 15 cords of oak wood.  It is apparent to both the farmer and the blacksmith that a fair trade, ignoring relative utilities and future gains, would be one scythe for 15 cords of wood.

However, how can we handle the trade if it is planting season and the farmer needs the scythe by the harvest while the blacksmith needs the wood during the planting season so that he can have the scythe finished by the time that harvest arrives.  Also, we must consider the possibility that the two parties are remote in both to time and space.  If the farmer could exchange his wheat on a market for money, then he could use that money to purchase the scythe from the blacksmith rather than cut and stack sufficient oak wood to exchange for the scythe.  Similarly, the blacksmith could sell a scythe to another farmer to obtain money to purchase the wood to build the scythe for the farmer in time for the fall harvest.

That is, each of the farmer and the blacksmith would exchange a unit of their productive time in exchange for an amount of money.

Now, what if no human labour was required to produce either the wheat or the scythe.  In the most basic sense, neither the blacksmith nor the farmer could exchange money for any unit of goods or services.  Of course, the most apparent counterpoise argument is that the blacksmith owns the forge and the farmer owns the land.  Without the forge, the scythe could not be built and without the land, the oak wood would not be grown.  The issue is actually one of capital allocation, which we shall address shortly.

I hope that this helps.

Nathan A. Busch

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Idiot Supporters of President Bannon

Posted in Observations during Life, Uncategorized on 21, February 2017 by nathanbusch

I was in the BP station in North Mankato last Thursday when a guy walked up to the counter to complain that a candy bar that he was holding in his hand was made in Poland.  He then proceeded to complain to everyone within hearing distance that the maker of the Oreo candy bar, which was Mondelez, had a foreign-sounding name and, therefore, was a foreign company.  He then pontificated that the BP station should sell goods and services that were only made in the United States by citizens of the United States.

Of course, if the idiot had pulled out his iPhone, which was manufactured in China, and had used Google, the co-founder of which was Russian, to determine the facts about Mondelez, he would have quickly discovered that the company is a U.S. Company with its headquarters in Deerfield, Illinois.  But, there this moronic President Bannon supporter was, proclaiming that the clerk behind the counter was not a patriot because the store owner was selling an Oreo candy bar that was made by a company with a foreign-sounding name.  Of course, he was standing in a BP station, which is franchised by a foreign company, that was selling gasoline made from foreign oil, dressed in clothing made by foreigners in factories situated on foreign soil, with a cellular telephone made in China, complaining about a candy bar made by an American company.  Then he went out to his automobile, most of which was made by foreign workers situated on foreign soil, and drove away on an asphalt pavement that was derived from foreign crude oil.

Yes, he did buy the candy bar.

It clearly takes an idiot to be a supporter of President Bannon.

I hope that this helps.

Nathan A. Busch

The Judiciary, Despots

Posted in Uncategorized on 19, January 2015 by nathanbusch

“The germ of destruction of our nation is in the power of the judiciary, an irresponsible body — working like gravity by night and by day, gaining a little today and a little tomorrow, and advancing its noiseless step like a thief over the field of jurisdiction, until all shall render powerless the checks of one branch over the other and will become as venal and oppressive as the government from which we separated.”

Thomas Jefferson, 1821.

I hope that this helps.

Nathan A. Busch

Obama, 29th November 2013

Posted in Uncategorized on 30, November 2013 by nathanbusch

29th November 2013

Twenty Miles from the Middle of Sanity, U.S.A.

Mr. Obama:

Your recent score card:

Affordable Health Care Act, commonly known as ObamaCare: F triple minus. If you cannot even get a simple Website up an running, how are you going to manage one-fifth of the entire economy of the United States.

Syria: F quadruple minus. You let tens of thousands of resistance fighters be slaughtered by that Thug-in-Chief, Bashir al-Assad. Meanwhile, you dithered until Al Queda was in Syria and then you capitulated to the Thug-in-Chief when he dropped chemical weapons on his own people. You should give that Nobel Peace Prize to some one who actually deserves it!

Iran: F quintuple minus. Your middle name is not Hussein, it is Capitulator.

Valadimir Putin: Do you even know what he is doing to his own people? Do you care?

China in the East China Sea: Ok, the Chinese declare more than 40,000 square miles of the East China Sea, including part of Japan, as their territory. What do you do? You send a couple of tiny B52 bombers whilst the Chinese laugh at you!

I am no great fan of W. But at least he was able to kick some A** in the world and managed to get what ever he wanted from a Democrat controlled Congress. I bet that you cannot even convince your staff to let you use your own private toilet just off of the Oval Office!

Nathan A. Busch

“John Bell”, 26th September 2013

Posted in Uncategorized on 26, September 2013 by nathanbusch

I received the following e-mail missive from our mysterious “John Bell” this morning. His latest “magic stock pick” was an abysmal failure. Now, he wants his victims to again give him their money. Some people just never figure things out.

***********

I can’t believe how many people emailed me after my last pick asking for a new one.

Well, the wait is finally over.

I have a brand new pick that I will be releasing in about a week.

I’m not guaranteeing you will turn $5,000 into $15,000, but I believe this will be my biggest pick of 2013.

This company has a tiny market-cap but is backed by some very big names.

John Bell
HacktheStockMarket

***********

I hope that this helps.

Nathan A. Busch

As at 22nd March 2013

Posted in Uncategorized on 25, March 2013 by nathanbusch

AUXL, ZAZA, SFLY, IFG, APOL, HNSN, ENZN, LINTA, QCOR, VGZ, TWMC, STRZA, PDLI, CPIX, LF, FLWS, TTWO, MIL, USMO, BA, CRUS, DECK, SCMP, ACAT, NIS, USNA, MSFT, CHRW, MNTG, CPLA.

I hope that this helps.

Nathan A. Busch

“John Bell” and Tesla Motors

Posted in Uncategorized on 4, December 2012 by nathanbusch

On 4th December 2012, I received the following e-mail from our mysterious “John Bell”.

*************

Urgent Reminder: My pick is THIS Thursday!

Tomorrow I’ll send you all of my research about Thursday’s pick.

This research will give you the exact reasons I’m picking this company.

BUT, it won’t give you the company’s name or symbol.

I’ll be releasing the name and symbol on Thursday morning only.

I’m super excited right now.

F**k Christmas. Seriously. This is what gets me excited.

Seeing people turn hundreds into thousands, thousands into tens of thousands!

I’m always brutally honest about the confidence I have in my picks.

Nine months ago I released a pick and told you I wasn’t 100% confident – It still doubled!

With this pick I’m beyond confident.

The product this company produces is used in every Tesla Motors vehicle.

This one is HUGE.

John Bell

*************

When I receive further information, either from “John Bell” or the audience of this Web log, I will update this post. However, as a preliminary matter, I would not consider Tesla Motors to be an outstanding investment opportunity. Given that it has a long-standing habit of losing money, I would not consider any vendor of Tesla Motors to be a particularly good investment opportunity.

Given the history of “John Bell”, the company that he might select may produce items that could be used in electric automobiles produced by Tesla Motors but whether his “magic stock pick” actually provides any parts for the Tesla Motors automobiles is another matter. To reinforce this position, remember that “John Bell” touted Jammin Java because it had “partnered” with Amazon. A simple fact checking operation indicated that Jammin Java had only advertised coffee on the Amazon website and only five, yes 5, pounds of coffee were available. To say that “John Bell” stretches the truth about the connections between his “magic stock picks” and actually functioning companies is, well, generous.

Further information will be posted here as it becomes available.

I hope that this helps.

Nathan A. Busch