I started watching WSW with my dad at about age four I'd guess. Damn, that was a fine show. Anchored by the finest financial commentator around. Nobody understood the fundamentals better it seemed than Louis Rukeyser. And I just loved the part where they moved over to the couch for some adult talk.
Man, I miss shows like WSW and reporters like Louis Rukeyser. Maybe one day we'll get back to the fundamentals (vs. the scream fests), and maybe one day Americans will care enough about their financial future to demand better media and better reporting.
May 06, 2006
Nobody will ever do it better than Louis Rukeyser
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19 comments:
Keith......a little off topic here, but I see you are deleting comments again. I went back to some postings I made last week, and they are gone......my postings were critical, but they were not offensive nor were they promoting anything.
What gives?
didn't happen - the only comments I delete are those awful spams (hey I found a way to make $1000's!) and infrequently a comment that contains too much profanity (F word especially)
Other than that, as you can see from the treads of non-stop criticism of me and HP, it's the good ol' wild west here.
If you're a realtor troll trying to spread disinformation and discredit me, that's a cute way to do it - make users believe I censor, like firstrung.com or the NAR. Just not the case. Flame away.
Cheers
Keith - why do you and others assume that every critical comment is from a realtor? I am not a realtor.....I am a homeowner, like 70% of us in America. 5% of us mightl lose money on our homes, but those of us not in CA, FL, NV, or AZ will probably make out okay.
Please do not delete this comment.
You will not be ok unless you plan on holding your house for 15 or 20 years, home prices will be going back to exactly where they were in 2001, because there has been no wage increase, none at all. Face facts most people are screwed, rates are gonna be upwards of 9% next year, weather the FED raises or not.
I forget what exactly happened between him and PBS. Can someone refresh my memory. His show on Public Broad. Cast. was excellent.
all I can remember is that a lot of people were really pissed off at the way PBS treated him at the end !!
he got booted by pbs - they were going after the younger demographic (stupidly)
so he went to cnbc, then got sick, so show went on hiatus
meanwhile the new wsw/fortune show on pbs was awful, lost its soul, and got cancelled too
so, moral of the story? if it ain't broke don't fix it
With inflation being so high coming up houses in the cheap midwest will actually could see 6-10% appreciation. The coastal states will be dead zones.
I also think houses in flyover country will continue to appreciate as people flee the ridiculous cost of living on the coasts. What's the use of living near the beach if you're a million dollars in debt or have to work two jobs? If I was rich I'd rather live in Thailand or Cabo like a king than blow my money on on a crapbox in Mexifornia.
It is interesting that the blog host is such a big fan of Louis Rukeyser. Rukeyser was the consummate bull who scorned and mocked "gloomy Guses" who were always predicting that the economy was heading down (sound like anyone we know HP readers?). Rukeyser argued that "Pessimism is a losing strategy".
Housing Panic might be a big fan of Louis Rukeyser, but Rukeyser would not be a fan of Housing Panic.
"It is interesting that the blog host is such a big fan of Louis Rukeyser. Rukeyser was the consummate bull"
Oh, trust me, I'm a raging bull too - on Gold, on Oil, on COP, one foreign funds, on the Euro...
And give it a few years, and I'll be a raging bull on picking up real estate at distressed prices
Any solid investor understands fundamentals. And the amateurs in the housing market today, like the amateurs during the .com bubble, lost sight of fundamentals.
Put me in the Rukeyser/Buffet camp. Invest when it's smart to invest, and get to the sidelines when it's not
keith - what you are a raging bull on seems to change every quarter......your infatuation with gold did not start until Feb/Mar (right about the time your infatuation with shorting housing stocks ended)
rukeyser was a pioneer who brought stock market investing to the masses, however he was far from a fundamental investor.....he was a bull throughout the internet bubble bust, and he was a bull in the current market up until his death......he only minded P/E ratios, earnings, debt ratios when they were to his advantage
brilliant journalist yes........fundamental investor no
I agree with Keith. Rukeyser was great and so was his show. He was treated badly by PBS, and the PBS show that replaced him was terrible.
My favorite panelist/guest on Rukeyser's show was James Grant, editor of Grant's Interest Rate Observer. Visit his website - you'll love it.
Jim Cramer has diarrhea of the mouth
I also watched Louis Rukyser from an early age. I suppose he was my favorite tv personality for 30 years. I cried when I heard Maria Bartiroma speak about his death. He died too young. It was such a great show. Because of him, I learned so many things that I can't even begin to describe it. My whole view of stocks, and the real estate market now, stem from those early exposures to his show.
...he was a bull throughout the internet bubble bust, and he was a bull in the current market up until his death
That was the problem- he picked stock market hacks who were just promoting a constant involvement in the market. Rukeyser and his picked hacks were 100% Bullish all the way through the 2001 market crash and gave small investors no notice at all of impending danger even with the dot.com stocks.
PBS got rid of Rukeyser because of the deeply humiliating way that he publicly drummed one of his regulars off the show because he didn't like her bearish stance. Gail Dudak was the only one of his regulars that called the 2001 crash correctly.
Some of his guests were OK but the regulars were just hacks who were trying to stir up commission dollars for their own companies.
well said mr.smith.......if you substitue "bullish" with "bearish", then you have our blog host
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Thanks Louis :(
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