Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
I worked in both large public and large private companies. There is a lot of grifting in large public companies. With our conversation, all my unpleasant memories about this came back flooding (I happen to have a short memory for unpleasant things). Large private companies used to be more disciplined but these days there are a lot of large venture backed private companies, which exhibit a lot of moral hazard w/r/t cash use / allocation, especially those private companies that are venture backed by large public companies. Many of the ventured backed private companies these days do not have the founder / employee liquidity constraints as they offer employees an opportunity to sell on the secondary market. I was involved in writing off billions of dollars of such misallocations, not counting the amounts paid to the biggest of the hoggers, the large consulting companies.
That inauguration photo with the big tech CEOs was chilling for the direction we are headed. Complete regulatory capture!
Sounds like there's a lot more friction than there used to be.
Tom Bowley (mentioned and quoted extensively by one of the posters) was uber bearish and sold portfolio to 100% cash on Friday (https://youtube.com/watch?v=t2QIKw-O2wg). Today, he is live streaming his webinar titled "Bearish Signals Abound: Navigate the Uncertainty" on Youtube in 50 minutes -
FD posted earlier in this thread about Tom Bowley’s positive market outlook (to mock Howard Marks and posters who quoted Howard Marks). The difficulty with opinion shopping / data torturing posters is they do not later post contrary information even from the same source if it does not support their agenda. But other innocent posters / lurkers who do not keep up can get hurt.
I was simply closing the loop for the forum’s sake.
My post was not a recommendation one way or the other on the market or on Tom Bowley.
Not even close. Bowley is a trader that has been trading in/out and owning leading categories and single stocks. Someone who listens to him can do almost nothing if the S&P 500 is doing OK or use his categories/stock ideas. He states his opinion every week on where the markets are and what they will likely do. Marks is all about generic stuff, not specifics, and hardly ever what to do NOW.
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https://www.youtube.com/live/axOGOHPHADE
Not a recommendation, just an FYI.
FD posted earlier in this thread about Tom Bowley’s positive market outlook (to mock Howard Marks and posters who quoted Howard Marks). The difficulty with opinion shopping / data torturing posters is they do not later post contrary information even from the same source if it does not support their agenda. But other innocent posters / lurkers who do not keep up can get hurt.
I was simply closing the loop for the forum’s sake.
My post was not a recommendation one way or the other on the market or on Tom Bowley.
Bowley is a trader that has been trading in/out and owning leading categories and single stocks. Someone who listens to him can do almost nothing if the S&P 500 is doing OK or use his categories/stock ideas. He states his opinion every week on where the markets are and what they will likely do.
Marks is all about generic stuff, not specifics, and hardly ever what to do NOW.