Gmthebeau

Ok, you invest your money as you see fit and I will do the same. It was meant to be an example of managing risk. I could have said Buffett or someone with a public record. Whatever. Good day. btw, did you stop and think if I knew his returns I wouldn't be publishing them on here without his permission?

No, I don't know or care. Why is it so important to you? If you want to invest with them just contact them and see if they are open and they will provide you the information. I know they manage risk. Does the S&P manage risk? No, it is simply an index of large corporations and it will go up and down based on earnings, economics, and human greed/fear. Over time it will go up as long as the earnings grow. Being 100% invested in an index is a fine choice if you are comfortable with riding the ups/downs. Not everyone takes that approach. It's all an individual decision. Many people would not sleep well at night if they lost 50% of their money which the S&P 500 could easily do.

I don't think all of what you have described is AI, some of this is just software automation. Regardless there is a tremendous amount of hype around it that started in January. Why then? I would say cuz they needed some buzz to get people to FOMO. Sure there will be applications and uses, but there is a ton of hype too.

I traded TSLA, AAPL, GOOG, MSFT, and AMZN off the bottom but sold all of them recently. I think they are all back to too expensive. Doesn't mean they won't go higher but they are likely to give it all back and then some at some point. Buffett also held Coke in 1998 at a PE of nearly 50. He later admitted he should have sold it.

ok, sure thing. Keep telling yourself that. I didn't see a practical application listed in all that. ChatGPT and such is interesting at first until you realize it starts producing some really bad responses.

+1 agree.

yep, this is a great summary. NVDA has to be a massive short squeeze. I don't believe any sensible investors are buying it at these prices. Artificial Intelligence (AI) is the latest story to get people to FOMO. Have not seen any real practical applications yet. Did you know that in the original Mission Impossible movie from 1996 there is a reference to AI chips? LOL, they were talking about AI in 1996 and still nothing real from it.

This is just what a friend told me. You need to consider that the last 15 years was a raging bull market essentially from the bottom in 2009. We started at a very low valuation in 2009. Today valuations are near extremes. Firms who manage risk will not do as well during raging bull markets. They will clean up when the tide goes out.

no I don’t know over the past 15 years. It’s reportedly 20% annually since 1983.

Dude, you make ZERO sense. You just keep pulling out your Trump playbook instead of admitting you were DEAD WRONG. You thought SF housing would go up and up and up. I told you it wouldn't. You went BONKERS AND NUTS at the thought of someone disagreeing with you. Now 2 years later after you were PROVED WRONG you are still going BONKERS AND NUTS when someone points out you were wrong. You can't invest. You are clueless. Your ideas idiotic and basic. You were FOMOing at the top 2 years ago, and likely shitting your pants at the bottom. You have proven you can't control your emotions or admit a mistake both traits needed for a good investor. You are jealous I sold out near the top and retired. You are still bag holding your losers and working your 9 to 5 shift at McDonalds. F'ing loser. I hate to block anyone but you will never stop. You are to retarded for words honestly. It's sad the world has such retarded deranged people. You will be blocked now. Bye bye Mr Imbecile.

If you sell at the top of a bull market and buy back at cheap you will end up with a lot more money in the long run. It's called risk management. You might google Seth Klarman and related investors you will learn they invest the same way. You want to buy more at cheap and sell at rich. You ideas are so basic I wonder if you are 24 years old just out of college? #cluelesswindbag

I didn't say housing was terrible, I said it was overvalued in some markets and S.F was what you focused on. Clearly, that turned out to be the case. Already said other hot areas went down too. Guessing reading is NOT your strong suit?? In a runaway bull market you buy the leaders. You sell them once the market tops. This is how you KEEP the money and not give it back. I said I owned bonds and dividend stocks now. Don't see how thats boasting? We are not in a runaway bull market any longer. Different times call for different strategies. It's called managing risk. You are clearly a sick deranged individual. A normal person would have just admitted they got it wrong. Not you. Instead you double down on lies, propaganda and nonsense. #derangedidiot

Dude, I said I was leaving long before any of those stocks imploded. You just keep trying to desperately rewrite history from your losing position that the SF housing market would go up forever. You were DEAD WRONG. Let's not lose sight of that FACT. I remember you said it was "desirable" now it's shitty. I guess after watching it implode you changed your mind how desirable it actually was. I will post some stock ideas after you finally give up your nonsensical posting.

I have deleted nothing, yes it’s all here. You were dead wrong anyone can go back and read it.

yea I don’t know the true numbers nobody does. Worst report said 35, many say 20%, others about 15. It’s down a lot to anyone who chased it at the top. It’s likely going down more for sure. This isn’t done in my opinion.

dude you got to keep the money at the top. I knew you weren’t done you are never done. You can’t control your emotions. You were saying 2 years ago S.F. housing would moon forever. I disagreed and you went bonkers. You turned out to be dead wrong. I was correct. Take it like a man. Everyone on this board agreed with you it would continue to moon. Best sign there is of a top is when everyone has FOMO and on same side of the trade.

thank god you are done I know you are oblivious to facts. Good luck

lol it’s all in the old messages for anyone who wants to read it. I don’t need to argue with you which is why I left. Small minded people like you just go on and on and on rewriting history. I’m sure you are a full on Trump supporter lol

SF is down 35% from peak according to this. https://wolfstreet.com/2023/02/17/san-francisco-bay-area-housing-market-crashes-prices-plunge-35-from-crazy-peak-where-is-demand-supposed-to-come-from/ it’s way down by any accurate measure. I didn’t tell anyone to buy and hold MRNA or any other stock, so keep trying to rewrite history it’s what people who cant cope do

all I really remember is you acting like SF property would moon forever. I said otherwise. We see how that worked out, but I get you will use whatever alternative facts makes you feel good.

CFO of a business

sold both of those, actually sold everything in December 2021 when it was obvious market was putting in a blowoff top. Retired shortly after and now only own bonds and some stodgy dividend payers.

been almost 2 years since this little gem of a debate. I came back to see how it has played out so far. San Francisco housing has dropped pretty substantially by all reports, as has Boise, Austin and other hot markets. Anyone who bought near that top will be waiting a long long time to get their money back unless we go to free money again which is very unlikely

Dude, just giving you a taste of your nonsense. If anyone acts like a 3 year old its you. You are clueless. I wont be hanging around here cuz you guys just dig thru the garbage looking for that last puff of a discarded cigar. You are clueless as the future and the past too for that matter. Good luck!

I am sorry but you guys dont really have any appreciation for history. San Francisco has grown in line with the rest of the US until the recent high tech boom starting in 2012. If you think that will last forever great, but history proves otherwise. I have been talking about long term trends, not todays prices. https://www.bayareamarketreports.com/trend/3-recessions-2-bubbles-and-a-baby