How can anyone suggest that banks and financials pose a good buying opportunity now?
Observation, drafted Aug. 13, 2007
------------------------------------------------------------------------------------------------------------------------------
It is true that bank stocks have gone down significantly ever since the sub-prime mortgage issue erupted and the
LBO and CDO credit crunch has occurred. Why this downturn in the financials, however, should lead anybody to
suggest that banks are now a lucrative buying opportunity is a mystery to us. For too many members of this
community have proven time and time again, that they cannot differentiate between value and fashion, that one
could now still place one’s trust in them.
No, anyone who has his senses still together, will have to acknowledge that the mind of your average bank
employee is way to career dependant that one could simply follow it. Since too little is he able to question the
established that he could now still retain the capacity to resist its trendy errors.
Given therefore that a true critical thinking is a misnomer for the banking community we urge our reader not to
spend his money there. For too little will he thereby shield himself against the next fashion bubble, that he could
now still adequately profit from it.
No, no, anyone who wants to benefit from his ambition has to first learn how to be patient with it. For too much will
he else fall victim of its unchecked greed that he could now still hope to successfully manage it.
Given therefore that ambition is only constructive and sustainable, when it has learned to painstakingly harness
itself we encourage all investors not to be one-dimensional in their approach. For too much will they thereby hurt
themselves that they could not still enjoy the benefits that their book keeping greed has produced for them.
Observation, drafted Aug. 13, 2007
------------------------------------------------------------------------------------------------------------------------------
It is true that bank stocks have gone down significantly ever since the sub-prime mortgage issue erupted and the
LBO and CDO credit crunch has occurred. Why this downturn in the financials, however, should lead anybody to
suggest that banks are now a lucrative buying opportunity is a mystery to us. For too many members of this
community have proven time and time again, that they cannot differentiate between value and fashion, that one
could now still place one’s trust in them.
No, anyone who has his senses still together, will have to acknowledge that the mind of your average bank
employee is way to career dependant that one could simply follow it. Since too little is he able to question the
established that he could now still retain the capacity to resist its trendy errors.
Given therefore that a true critical thinking is a misnomer for the banking community we urge our reader not to
spend his money there. For too little will he thereby shield himself against the next fashion bubble, that he could
now still adequately profit from it.
No, no, anyone who wants to benefit from his ambition has to first learn how to be patient with it. For too much will
he else fall victim of its unchecked greed that he could now still hope to successfully manage it.
Given therefore that ambition is only constructive and sustainable, when it has learned to painstakingly harness
itself we encourage all investors not to be one-dimensional in their approach. For too much will they thereby hurt
themselves that they could not still enjoy the benefits that their book keeping greed has produced for them.
| © Landei Selbstverlag, owned by Wilhelm ("Wil") Leonards, Gerolstein, Germany. All rights reserved. Reminder: Noah denkt™ is a project of Wilhelm ("Wil") Leonards and his Landei Selbstverlag (WL & his LSV). Consequently, all rights to the texts that have been published under the Noah denkt™brand name are reserved by WL & his LSV. The commentary and the reasoning that was provided on this page is for informational and/or educational purposes only and it is not intended to provide tax, legal or investment advice. It should therefore not be construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any security or any issuer by WL & his LSV or its Noah denkt™ Project. In fact, WL & his LSV encourage the user to understand that he alone is responsible for determining whether any investment, security or strategy is appropriate or suitable for him. And to leave no doubt as to what this means we urge our user to also note our extended Legal Notice. |
__________________________________________________________________________________________
__________________________________________________________________________________________
Project for Philosophical Evaluations of the Economy |