rkbabang

Is this just a few companies at the fringe or the first signs of an "enormous wall of money"? Former Goldman hedge-fund manager says an ‘enormous wall of money’ is coming https://www.marketwatch.com/discover?url=https%3A%2F%2Fwww.marketwatch.com%2Famp%2Fstory%2Fa-90x-return-in-just-five-years-former-goldman-sachs-hedge-fund-manager-says-an-enormous-wall-of-money-is-coming-11602781826&link=sfmw_tw#https://www.marketwatch.com/amp/story/a-90x-return-in-just-five-years-former-goldman-sachs-hedge-fund-manager-says-an-enormous-wall-of-money-is-coming-11602781826?mod=dist_amp_social

Just bought the FSLY shares I sold 3 days ago for $127.70 back for $88.50.

Sold 40% of my DDOG position and 20% of my FSLY position to get more than my original investment out in both cases.

Microsoft was flat from 2001 to about 2013

I get free stock trades on Fidelity. I'm not sure if there is a minimum balance or if they are always free. Trading options is not free however.

Get a hardware wallet https://www.ledger.com/ I second the hardware wallet approach, but not certain that it helps in a retirement account unless if there is some way to do it via self-directed accounts. OP - are you able to access foreign markets? GBTC trades here in the US and is probably accessible through a broker like Interactive Brokers. I think the point is to keep your BTC in a hardware or paper wallet and not hold it in a retirement account.

Exactly. The best analogy for democratic government is it is like a cancer that will grow and consume more and more resources right up until it can't because the host is dead.

"The hypothesis provides a model that explains many aspects of Covid-19, including some of its most bizarre symptoms. It also suggests 10-plus potential treatments, many of which are already FDA approved. Jacobson’s group published their results in a paper in the journal eLife in early July." https://elemental.medium.com/a-supercomputer-analyzed-covid-19-and-an-interesting-new-theory-has-emerged-31cb8eba9d63

Netflix knows when you stop watching a video too. But Netflix isn't a good example to use. In addition to the different content length, Netflix has an issue where their catalog is shrinking as third party content makers pull their libraries to start competing services (https://www.businessinsider.com/netflix-movie-catalog-size-has-gone-down-since-2010-2018-2). Your dissatisfaction with their Recommendations / Personalization may have to do more with how little they have to recommend, versus say Youtube, Instagram, Spotify, which all have millions of content creators. True, but you need to watch a good portion of a movie before you know if you are going to like it or not. And once you are an hour in, you might as well watch the rest and hope for a good ending. You then watched the entire thing and hated it. How does Netflix know? I haven't thumbed up or down anything on Netflix for years. I just never think to do it. So all it has is what I've watched, but it has no idea if I thought the movies I've watched were great, so-so, or horrible.

Someone I know recently recommended a series to me called "Yellowstone". The problem is I can't find it for free in any of my streaming services. The person who recommended it said that it is worth paying for. Anyone seen it? Is it worth it?

The thing I find most offensive about socialism is the term "workers" as if a human being with unique skills, thoughts, abilities, creativity and potential is just some kind of widget that can be grouped together and referred to en masse, because one is just as good as any other.

That is a complete misunderstanding of "value". The value is a subjective value the customer places on the service. A multi-millionaire in Beverly Hills will value a haircut more than a poor subsistence farmer somewhere in southeast Asia will. Value is subjective and different for every human being and different even for the same person at different times. You might place very little value on a bottle of water right at this moment sitting in your office, but when hiking on a hot day and you run out of water you might place a value on a bottle at that time many times higher, and if you are ever dying of thirst in the desert you might be willing to give everything you have for one. This is the reason price arbitrage works, you can make money moving goods from where they are valued less to where they are valued more. But in general a machinist who can make precision parts will always be valued by employers (and indirectly their customers for the parts they make) more than a cashier at McDonald's will be. Kinda feels like you agreed with me there at the end... No because, even though one might usually be more, there is nothing guaranteeing that to be true. Maybe there is a Mcdonalds franchise operating in a culture somewhere that values hamburgers far far more than precision machine parts and they are willing to buy burgers off of the $100-Menu. That franchise could offer to pay its employees an astounding amount of money, where in the US we expect our cheeseburgers to cost $1.50 and our precision machine parts to cost more. Back to haircuts, if I go to a national haircutting chain I would expect the employees to make less to cut my hair than the employees at the same chain in a super wealthy area where they can charge a lot more. It is all relative. Your income doesn't just depend on your skills, but how and where you use them.

That is a complete misunderstanding of "value". The value is a subjective value the customer places on the service. A multi-millionaire in Beverly Hills will value a haircut more than a poor subsistence farmer somewhere in southeast Asia will. Value is subjective and different for every human being and different even for the same person at different times. You might place very little value on a bottle of water right at this moment sitting in your office, but when hiking on a hot day and you run out of water you might place a value on a bottle at that time many times higher, and if you are ever dying of thirst in the desert you might be willing to give everything you have for one. This is the reason price arbitrage works, you can make money moving goods from where they are valued less to where they are valued more. But in general a machinist who can make precision parts will always be valued by employers (and indirectly their customers for the parts they make) more than a cashier at McDonald's will be.

300x the median wage. So in a company with 100,000 employees you could double the wage of 300 of them, or increase 600 of them by 50%, or increase 1200 of them by 25% or increase 2400 of them by 12.5%, or increase 4800 of them by 6.25%, or increase 9600 of them by 3.125% or increase 19,200 of them by 1.0625%, or increase 38,400 of them (still only 39% of the workforce) by 0.53125%. So you propose that CEOs make nothing so that less than 40% of their employees can get a half of a percent wage increase? In order to pay the average employee $75k the average employee of your company has to be producing more than $75k of value.

If this is even possible depends on the company. A company that makes precision parts is very different from say Home Depot or Walmart. The CEO of those companies could give up their entire salaries and it wouldn't even come close to being enough to raise every employees salary to $60-$75k. Many tech companies pay the majority of their employees more than $60k and it works just fine. Most retail or restaurant companies could never dream of doing that.

Corporate leaders have a duty to do what's best for their companies and shareholders. They have no obligation to "save cities".

NIO is pretty interesting. A state backed luxury EV play with a battery as a service model that allows them to sell their cars at a 20ish% discount to Tesla. I picked up 100 "eff it" shares in May of 2019. We'll see what happens. I don't follow this space closely, but from the little I've seen they seem more mature/further along than many EV companies. Looking at the price today I'd say I've gotten pretty lucky so far ;D What about LI, have you looked into it at all? On a first look it seems less overpriced than NIO, but I know very little about the Chinese EV market.

My wife was just saying the other day that shopping isn't even fun for her anymore. Walking around with a mask over your face, worrying about what surfaces you've touched, and sanitizing your hands, or the woman who just walked by coughing. The dressing rooms aren't open so you have to buy stuff and try it on at home knowing that you will need to go back again to return it, so you decide not to buy anything at all and just leave...

For Asian stocks I like Sea Limited (SE), a large growing market, the potential to be the Amazon of SE Asia I purchased it earlier this year and it has done well. I'm wondering about JD.com as well, I used to own it but no longer do. It's one of those companies I look at again and again, but I just don't think I have a good enough feel for what is going on in China to have the confidence to buy and hold.

And almost as much as the FTSE 100 "If Apple's stock rises 7%, it will surpass the FTSE in market capitalization." https://markets.businessinsider.com/news/stocks/apple-2-trillion-rally-market-capitalization-entire-uk-stock-market-2020-8-1029524339

Unless someone moves to a cheaper area there can be increased costs to remote work. Increased air-conditioning/electricity costs, office/computer/networking/bandwidth costs, etc, so I'm not sure people would be happy with decreased wages. But there is also a substantial decrease in transportation costs, so it might still be on the money saving side for most employees, I don't know. Do you think WFH would change usage that much? Most people seem to run a pretty good internet plan in their house already because of all their devices and streaming. Personally I have't changed much. I have changed my A/C habits a bit, but my bill has generally been in line with the prior year. I have saved about 3-4k miles driven from this so far which probably offsets any consumption costs. I guess it depends on the individual setup. I already had 600Mbps service so I didn't have to change anything, but I've talked to people who had to upgrade (2 working from home, plus kids doing remote learning and only had dsl). I did notice an increase in air conditioning costs, we basically cool the house to a comfortable temperature 24/7, where we used to turn it up 5 or 6 degrees during the day. But not doing my 30 mile each way commute makes up for that and then some. I bought a new monitor and bought a copy of windows to run on my iMac so that I could use that as a wireless monitor as well connected to my company laptop. Also bought an ethernet to usb-c connector to hard wire my laptop to my network. I guess technically I could have expensed that to my company, but I didn't bother. I also needed a new home office chair, because I found sitting all day in the one I had just wasn't working. For me it has been a plus financially, but I can imagine if someone had increases in bills and they didn't have a long commute anyway it could go the other way.

Unless someone moves to a cheaper area there can be increased costs to remote work. Increased air-conditioning/electricity costs, office/computer/networking/bandwidth costs, etc, so I'm not sure people would be happy with decreased wages. But there is also a substantial decrease in transportation costs, so it might still be on the money saving side for most employees, I don't know.

Agree 100%, I also highly recommend it. You might be interested in this Joe Rogan interview with Josh Dubin who is an Innocence Project Ambassador Advisor. Great interview. https://www.youtube.com/watch?v=Trh7YWo2Bmo

What if you ask your investment manager what he thinks of Buffett and he starts singing Margaritaville?

Second Hand or Left Hand Milk stout? I've heard of the latter. The former makes me think about Cousin Eddie's beer in Vacation. "You look like like you could use a cold one!" Eddy says, handing his half-drunk beer to Clark as he cracks open a fresh one for himself. Ha,You are correct Left Hand. I wouldn't want to drink second-hand beer, they all look and taste like Bud Light at that point.