Ponty Mython

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  1. Agree
    Ponty Mython got a reaction from Carl Fimble in Billy Connolly’s Great American Trail   
    I thought Billy had dementia?
  2. Agree
    Ponty Mython got a reaction from Loki in Asking prices down 7% from peak...   
    Because it's in Winchester, which is massively over-priced and populated by pretentious cunts who think their farts smell of lavender. In reality, the city is boring, it also has a massive dosser problem totally at odds with the dinner party set's worship of the place.
  3. Agree
    Ponty Mython got a reaction from The Masked Tulip in Prince harry talks absolute bollox.   
    Projection risk = Off the fucking scale here (albeit, on the balance of probabilities, I agree with you).
    But still...
  4. Agree
    Ponty Mython reacted to Stunley Andwin in Has the last bear turned?   
    Oh dear. This trip by the clown of nowhere looking to find emotional support for his stupid financial decisions has gone very badly indeed. His pointless post had been largely ignored by most of the other members of the forum until one poster wrote a trolling post designed to get the clown to respond emotionally which would lead inevitably to the whole forum turning against him. The clown did very well not to respond to that post but the tide had turned and now more and more posts were coming onto the thread attacking the clown and his deeply unpleasant actions on the HPC forum many years previously. The clown you see had made the classic beginner's mistake of becoming emotionally invested in a financial decision and, rather than admit that he had been outwitted by Bruno and Sibley, he started making up desperate lies about having multiple BTLs, despite the fact that he is still a rent forever loser.
    Some nights, the clown of nowhere hears a howling sound coming from somewhere underneath his nose.
  5. Agree
    Ponty Mython reacted to Stunley Andwin in Has the last bear turned?   
    HPCers have made a terrible mistake if they have not bought. And you were the one of the chief people involved in getting people who correctly stated that house prices would not fall banned for being a troll. You are directly partially responsible for thousands of people losing an awful lot of money. After more than a decade of being incorrect I would have thought you should have some humility now. I would have thought you should have worked it now, asset prices will continue to rise in a long-term near ZIRP environment. You are a very bad person.
    Luckily I didn't listen to your like and have lots of houses. My place in Germany increased in value by about 75 thousand euros last year alone.
  6. Agree
    Ponty Mython got a reaction from Carl Fimble in Prince harry talks absolute bollox.   
    Christ, he was brave!
  7. Agree
    Ponty Mython got a reaction from Loki in The Big Short Thread   
    I never got involved in the madness at the turn of the century, as I have a rule of not investing in anything that I don't understand - certainly I could not understand the valuations of most tech companies at the time! Of course, this was a source of much amusement of friends who were going in balls-deep, believing in the new paradigm etc. I even met one guy who had taken out every credit card he could, maxed out every one by withdrawing cash, just to buy tech shares. I think he did himself in.
    Needless to say, when the crash came, the subject was quietly dropped.
    Things do seem to be different this time; ironically I think that it is, at least in part, thanks to the use of technology itself in modern trading that is sustaining what I consider to be fantasy valuations of tech companies today. Of course, at some point it is going to get really ugly, but, as SP states, a lot of people are going to make a lot of money beforehand, as well as afterwards.
  8. Agree
    Ponty Mython got a reaction from spunko in Rowing   
    27 spm sounds about right.
  9. Agree
    Ponty Mython reacted to sancho panza in The Big Short Thread   
    Remember this feeling and bottle it for next time.My experience in the 2000 bubble was incredible.I was buying tech stocks in the 90's by pure chance as I subscribed to a newsletter called Techinvest and I reasoned as a sector it had long term growth.The bubble happened and I remember having friends who knew zip about stocks tyelling me scoot.com were gonna be a tenner by Christmas etc etc etc.Madness gripped everyone.
    Whilst I didn't know much I knew it wasn't right and my Grandad was saying look at Halifax, ook at BHP, Gencor, Billiotn etc,all dirt cheap.I sold too early and missed the peak.Year or two later all the people who used to go to the bank to look at share prices(it was as the internet was coming of age) basically lost everything.Some of the guys there-when I was selling-laughed at me,told me I knew squat and scoot.com was really gonna be twenty quid by Christmas.
    It was an amazing expereince.
    At the time,real businesses with real earnings were going cheap.
    Let's look at some charts
    FTSE peak Dec99
    BHP was £3.54 Dec 99
    https://en.wikipedia.org/wiki/Scoot.co.uk
    Scoot is a United Kingdom business directory website. It was one of the highest profile casualties of the rise and fall of internet companies during the internet boom at the beginning of the 21st century falling from a value of £2.5 billion in 2000 to £5 million in 2002.




  10. Agree
    Ponty Mython reacted to longtomsilver in Speed awarness courses   
    I'd love to be able too but this was back in 2008 and I recall saying the same thing APCO 10%+2mph and the *police response was they were only guidelines. 
    *a mate of mines dad was a traffic copper for the force at the time. They used their discretion (followed APCO guidelines) but the Gatsos were operated independently.
  11. Cheers
    Ponty Mython got a reaction from longtomsilver in Speed awarness courses   
    Good man, Tom.
    The Pistonheads crowd would never believe you, but I do. My only speeding ticket was many years ago, when the copper lied through his teeth about my speed (I was over the limit, but not anywhere near what he claimed; being English in Welsh Wales I was fucked whatever).
  12. Cheers
    Ponty Mython got a reaction from No One in EU short of money?   
    This is why I would never hold shares in a car manufacturer - in bad times they haemorrhage cash, in good times they are sitting ducks to governments looking to help themselves to their cash, under the Greta green guise.
  13. Agree
    Ponty Mython got a reaction from swiss_democracy_for_all in Queen   
    Poor Belouis kicked things off, in hindsight not the best choice by the organisers to front up a raving poofter to an audience made up in large part of hairy-arsed bikers (I know how ironic this is, given Freddy's proclivities). He got fucking smashed by the crowd.
    Big Country were bloody excellent, as I recall.
    Damn hot, that day, too.
  14. Cheers
    Ponty Mython got a reaction from billfunk in Rowing   
    If you are doing 40 strokes per minute, especially given your declared height and weight (and you are a strong fucker too), then your form must be shit-house.
  15. Informative
    Ponty Mython got a reaction from The Generation Game in Be grateful of our weather, Australia Burns   
    If I were to consider Australia again (unlikely) it would have to be Tasmania - a nice blend of Australia, New Zealand and Britain as it once was, but will now never be.
  16. Agree
    Ponty Mython reacted to DurhamBorn in You cannot be slrius   
    K+S for instance has massive assets in Canada,but the currency the parent company is in doesnt matter because they will be valued against the value of the commod under the company.Commods are solf in $ so if the Euro did collapse then companies selling things in $ would be big gainers.As part of a balanced portfolio i wouldnt worry about the affect of currency on the share price,but more the commod itself against the underlying currency.
  17. Agree
    Ponty Mython got a reaction from Great Guy in You cannot be slrius   
    Against a basket of strong currencies and hard assets, sure, but against the sham that is the Euro???
  18. Agree
    Ponty Mython got a reaction from UmBongo in Prince harry talks absolute bollox.   
    Christ, he was brave!
  19. Agree
    Ponty Mython got a reaction from Melchett in Prince harry talks absolute bollox.   
    Christ, he was brave!
  20. Agree
    Ponty Mython reacted to swiss_democracy_for_all in is it just me, or is everything getting a bit boring?   
    Er, no, generally you get lots more sun than the UK. Unless you choose to live on a north-facing hillside or mountainside. 
    However check local microclimates, never assume. Sierre in Valais for example is very sunny, but there are places not far from there that are not. 
    The Italian-speaking part of CH has a superb climate, apparently, though I’ve never visited. Round this way, if I had money to burn I’d live at the east end of Lac Leman on the north side, Montreux region - 2000hrs of sun a year, a view to kill for, and four proper seasons. If it was good enough for Freddie Mercury....
  21. Agree
    Ponty Mython reacted to Frank Hovis in is it just me, or is everything getting a bit boring?   
    Buying a new build is:
    Easy
    mortgage companies just go "yep"
    you can get various perks - white goods, "money off"
    if moving the developer will often either buy your house or sell it for you (I bought my non-new build house in some complex way for me but an easy way for the retiring sellers who were buying a shoebox flat half a mile away in a retirement block)
    the sales staff are charming, attentive, and work all weekend when you are looking
    the sales process is easy, especially for the no chain FTB
    there is a pretty brochure extolling the virtues of your new house, the presence of this means people even buy new houses without seeing them
    you do not have to deal with sometimes awkward sometimes curmudgeonly sellers
    everything is new - carpets, toilet, kitchen, bathroom
     
    I can see many reasons why people buy new builds; but they mainly boil down to their being lazy and easily flattered.
     
    The warm glow lasts until the render starts flaking off; usually the second winter.
     
     
  22. Lol
    Ponty Mython got a reaction from reformed nice guy in Credit deflation and the reflation cycle to come (part 2)   
    But she has a diversity vagina...
  23. Agree
    Ponty Mython got a reaction from Solzhenitsyn in Credit deflation and the reflation cycle to come (part 2)   
    But she has a diversity vagina...
  24. Agree
    Ponty Mython reacted to headrow in You cannot be slrius   
    For 10 years on HPC you said anybody buying shares was a sucker. The market was rigged , the bankers were fixing the market. A quote from you - Anyone being suckered into buying shares on the strenght of that the FTSE always goes up and doubles every ten years.
     
    Have you really bought & sold some SXX shares?
     
  25. Agree
    Ponty Mython got a reaction from Dave Bloke in London to Bath (1963)   
    Were you the pissed bloke in the red Triumph?