rkbabang

Isn’t this literally the definition of a bubble? Buying begets buying? Are you just planning on selling before the music stops? When the bubble gets to its high, maybe BTC $2M then after it crashes it will settle back to $500k.

I fear this isn't really satire, but just some snowflake being unintentionally hilarious. But it's as funny as anything you'd read on The Onion. Next up, "How Frosty The Snowman Scared Me For Life". Don’t Subject Your Kids to Rudolph The world is bleak enough as it is. https://www.theatlantic.com/magazine/archive/2020/12/rankin-bass-rudolph-the-red-nosed-reindeer/616932/

Also just sold 25% of my APPN position to take more than my original investment out.

Sold my SAVE common and 2022 $30 calls. Made about 5% on the common and 13.5% on the calls. I'm still holding some 2022 $45 calls.

Bitcoin is just under its 2017 all time high again right now. Was referring more to the derivative of bitcoin (e.g. stocks) who did a "corporate strategy shift" to blockchain.. Many of these companies went up 2-4x in a matter of weeks upon whatever PR Hive Blockchain Technologies LTD is a perfect example. It soared 220% in debut of trading. https://www.cantechletter.com/2017/09/hive-blockchain-soars-220-trading-debut/ Here are some other "blockchain" names to name a few, there are many like this: Victory Square Technologies Liberty Leaf Holdings Datametrx AI Atlas Cloud Enterprises I'd be happy to name the MJ companies, but you can take a look at Aurora Cannabis Inc stock price to name 1./ No need, you are correct, I remember any company that mentioned "blockchain" shooting up. And the MJ companies as well. There of course will be real crypto and MJ stock investments (I own AYR Strategies), but that year was crazy.

Bitcoin is just under its 2017 all time high again right now.

upload images upload Blue = DJIA Red(?) = SP500 Gold = Gold Silver = Silver I said I was going to leave this alone but the fact that you shared a graph of the price return of the Dow Jones and S&P as a comparison to Gold and Silver just blew my mind. The correct chart to share would be total return since as an owner of a company you benefit from dividends and buybacks. Also, my point was that people who say Gold is a hedge against inflation are wrong and as you will see below if you go back to 1980 and adjust for inflation Gold has a negative return! The following is the CAGR of Gold and DJAI Total return with dividends reinvested from dates shown to Present (11/25/2020) adjusted for inflation. BOLD = Gold return 01/01/2010 = 3.45% 10.85% 01/01/2005 = 7.89% 7.33%* 01/01/2000 = 7.43% 5.08%* 01/01/1995= 4.25% 8.49% 01/01/1990 = 2.88% 8.26% 01/01/1985 = 2.73% 9.41% 01/01/1980= -0.18% 9.12% 1980 was a high year for gold, but even still, compare holding $10k 1980 dollars worth of gold with the purchasing power of holding $10k in cash for the last 40 years. Suddenly -0.18% doesn't sound so bad.

And correct.

Exactly and in both cases the web, or vaccines. I take issue with the politicians using words like "invented" or "created". There's a difference between throwing a lot of money at a lot of smart people and hoping something comes from it, and actually "creating" something. I invested in Netflix years before they offered streaming, so I created Netflix's streaming service. In the case of the politicians it is pretty easy to do when the money is being taken from other people first. "I had the vision to take other people's money by force and invest it in the internet." Hardly heroic.

Bad analogy. A vaccine is not inevitable. Sending bits between computers is. You misunderstand me. We already know that a vaccine has been developed. My point is that the development was inevitable without Trump's help, but credit him for speeding it along. Look at the context, I'm not generalizing that all vaccines are inevitable. Similarly, Marc Andreeson was on that NCSA Mosaic development team and then went on to Netscape where he brought it to the masses. And Al Gore's efforts brought the funding to MOSAIC's development. Then, in December 1991, the Gore Bill created and introduced by then Senator and future Vice President Al Gore was passed, which provided the funding for the Mosaic project. Development began in December 1992. https://en.wikipedia.org/wiki/Mosaic_(web_browser) Ok I get what you're saying, but the web isn't the internet, it is just one of many protocols that run on top of it. The internet itself can trace its roots back to the late 1960s snd TCP/IP was certainly being used by the mid 70s. Also if Trump claimed that he "created" a vaccine I would think that he was delusional as well.

Bad analogy. A vaccine is not inevitable. Sending bits between computers is.

I doubt the president has anything to do with this at all. Reminds me of this: https://tylervigen.com/old-version.html Obama took office in 2008 gave him a great starting point for increases and the fact that GW took office in 2000 was pretty bad luck. Reagan and Clinton got lucky with their timing as well, Reagan right after a decade of stagnation and Clinton right at the start of the internet boom. None of these things have anything to do with the men elected president though (algore's claims of inventing the internet aside, of course). Fact checking. www.businessinsider.com/al-gore-invent-internet-misunderstanding-2015-11 www.wired.com/2000/10/the-mother-of-gores-invention/ LOL, ok so he didn't "invent" it, he "created" it. Mankind owes him a tremendous debt of gratitude regardless, for that and for saving New York from being underwater by 2014. How many times can one man save the world? IDK, ask the Donald. Sorry Doo, did I forget to say "Orangeman bad"? I know that is the proper thing to say in any political discussion these days or someone will quickly reply with "yes, well, but what about Trump?!!!!". EDIT: Silly me, I forgot again. Orangeman Bad!

I doubt the president has anything to do with this at all. Reminds me of this: https://tylervigen.com/old-version.html Obama took office in 2008 gave him a great starting point for increases and the fact that GW took office in 2000 was pretty bad luck. Reagan and Clinton got lucky with their timing as well, Reagan right after a decade of stagnation and Clinton right at the start of the internet boom. None of these things have anything to do with the men elected president though (algore's claims of inventing the internet aside, of course). Fact checking. www.businessinsider.com/al-gore-invent-internet-misunderstanding-2015-11 www.wired.com/2000/10/the-mother-of-gores-invention/ LOL, ok so he didn't "invent" it, he "created" it. Mankind owes him a tremendous debt of gratitude regardless, for that and for saving New York from being underwater by 2014. How many times can one man save the world? Snopes: The claim that Gore was actually trying to take credit for the “invention” of the Internet was plainly just derisive political posturing that arose out of a close presidential campaign. If, for example, Dwight Eisenhower had said in the mid-1960s that he, while president, “took the initiative in creating the Interstate Highway System,” he would not have been the subject of dozens and dozens of editorials lampooning him for claiming he “invented” the concept of highways or implying that he personally went out and dug ditches across the country to help build the roadway. Everyone would have understood that Eisenhower meant he was a driving force behind the legislation that created the highway system, and this was the very same concept Al Gore was expressing about himself with interview remarks about the Internet. https://www.snopes.com/fact-check/internet-of-lies/ Sorry but the internet was inevitable ever since the integrated circuit was invented, or at least since the first microcomputer was fabbed at Intel. Once you have computers the next logical step is to connect them together. For a politician to say that he "took the initiative to create the internet" is just evidence of a narcissistic personality disorder with delusions of grandeur.

I doubt the president has anything to do with this at all. Reminds me of this: https://tylervigen.com/old-version.html Obama took office in 2008 gave him a great starting point for increases and the fact that GW took office in 2000 was pretty bad luck. Reagan and Clinton got lucky with their timing as well, Reagan right after a decade of stagnation and Clinton right at the start of the internet boom. None of these things have anything to do with the men elected president though (algore's claims of inventing the internet aside, of course). Fact checking. www.businessinsider.com/al-gore-invent-internet-misunderstanding-2015-11 www.wired.com/2000/10/the-mother-of-gores-invention/ LOL, ok so he didn't "invent" it, he "created" it. Mankind owes him a tremendous debt of gratitude regardless, for that and for saving New York from being underwater by 2014. How many times can one man save the world?

I doubt the president has anything to do with this at all. Reminds me of this: https://tylervigen.com/old-version.html Obama took office in 2008 gave him a great starting point for increases and the fact that GW took office in 2000 was pretty bad luck. Reagan and Clinton got lucky with their timing as well, Reagan right after a decade of stagnation and Clinton right at the start of the internet boom. None of these things have anything to do with the men elected president though (algore's claims of inventing the internet aside, of course).

You might want to buy this one too before we get there. Dow 36,000: The New Strategy for Profiting from the Coming Rise in the Stock Market Hardcover – September 20, 1999 https://smile.amazon.com/Dow-36-000-Strategy-Profiting/dp/0812931459

Dow, 30,000 by 2008" Why It's Different This Time https://smile.amazon.com/Dow-2008-Different-This-Time/dp/1893958701

This pretty much. Also, let me go with a personal anecdote that shows how complicated things are. My commute is about 20 min roundtrip (10 min one way) assuming not horrible traffic. OP scenario does not apply to me since I was already working from office 3 times a week and likely going to go back to the same after Covid. Actually, my situation is closer to 5 days commute that won't become 3 days commute: we also go to Tai Chi classes 1-2 times a week which is 30-40 minutes roundtrip. And occasionally some other trips with similar roundtrip times. Now, can I get something way better by adding 10 minutes one way? The answer is pretty much "No". The answer is doubly "no" if you take traffic into account, since 10 minutes one way is ~2 miles in traffic. But even if you assume no traffic, 10 minutes one way is below 10 miles or so. And 10 miles does not give you huge upgrade in Boston area. Especially if you start accounting for conveniences like keeping your doctor, having good restaurants nearby, etc. BTW, IMO OP overestimates cheap availability of land/water. If you want a lot of land, it's likely going to be away from freeway and streets add way more commute time than freeway. Water, especially desirable water, is very expensive. I doubt I'd be able to get the same house on the coast for cheaper if I went out 1hr roundtrip (that's 30 minutes one way). It's anecdotal, but I've looked at places for fun when we were going out with friends and "land+water" or just "land" in desirable small towns out 1hr roundtrip costs as much if not more than my house. So pretty much what rb said. 8) But you already have a house near doctors and restaurants that you already frequent, sure you are unlikely to pack up and move. But for new employees moving to the area a 50%+ WFH option widens the area for house hunting significantly. Giving them a greater chance of finding something that more perfectly fits their wants/needs.

"Yes the universe is probably a computer program..." https://www.smbc-comics.com/comic/program-2

This question is pretty relevant for me. I had about a 30min commute at the place I've been working for the past 9 years or so. My company was bought out by another company a few years ago (happened to be the company I used to work for, I guess they just needed me back at any cost). Anyway, they are in the process of building another few buildings on their main campus and will be closing my building in a year or two. So my commute was going to go from 30min to about an hour. My wife and I were contemplating selling our home when that happens and moving closer to my work. Then COVID happened and I am working from home along with almost everyone else. It looks like the company is going to be more open to working from home most of the time even post-crisis, so if I can work from home at least half the time (hopefully more) then I am definitely going to stay where I am. We like our house and our town and did not look forward to needing to move.

I don't doubt it. Musk is no rocket scientist, but he doesn't have to be. There are different types of genius. I'm sure your incredibly smart friend couldn't run a multibillion dollar company, never mind a couple of them.

In a nutshell. That is the company culture at these places and it will not change. As long as lucrative contracts keep coming their way and the government keeps shoveling taxpayers money in their direction they have no reason to change. Fast forward 10 or 20 years these companies, if they still exist, will still be overpromising and underdelivering while SpaceX will have its own colonies on Mars.

I think what SpaceX has done is exceptional. I also think BA and LMT can just sit back and wait to see how it's done and then step in and replicate with economies of scale without sinking few $Bs. Yes, just like GM and Ford can just replicate what Tesla has done and replicate with economies of scale without sinking few $Bs. I'll believe it when I see it. My guess is that corporate culture will make this impossible and it will never happen.

Maybe because of Musk's assassins and saboteurs?

People feel disenfranchised when the way to wealth is politics/nepotism/force/violence rather than a free market with reasonably close to equal opportunity.