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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
And the same article I linked says: The Dutch economist and academic Alex de Vries, founder of the blog digiconomist, challenges the notion that bitcoin miners can in the long run profit and support renewable energy expansion.
He argues that as mor…
Boy, that interview is not selling me on Bitcoin. First Saylor equates Bitcoin with the greatest technological innovations such as the automobile. The problem with that analysis is that the technology behind Bitcoin--blockchain--is not the same as B…
PHDG is interesting for the nervous:
https://invesco.com/us/financial-products/etfs/product-detail?audienceType=Investor&ticker=PHDG
https://spglobal.com/spdji/en/documents/methodologies/methodology-sp-500-dynamic-veqtor.pdf
Regarding the as…
@FD1000 Again your timing is off. Obama won the Nobel in 2009. Putin annexed Crimea in 2014. Gadaffi died in 2011. And the stuff about Isis is hogwash and occurred in 2011. Obama won the award because despite America still being an incredibly racist…
@hank I think the elephant in the room here (which no one is talking about) is that to pull in additional readers you by necessity need to dumb down the content and steer it more in the direction of click-bait journalism. How about, instead of weak…
There will be at least one bit on Mars, and one on electric cars and perhaps one on billionaires. Musk will probably stand there good-naturedly and be a good sport, which is what one should do if one is a billionaire. I would say one of the funnies…
Worthwhile post but should be in Other Investing, not Fund Discussions. Regarding agents that depends on how hands on you are and the quality of the agent. Are you someone willing to do your own marketing of the house and staging of the property? Ca…
I sometimes imagine the Cayman Islands as just one big UPS Store with shiny walls of P.O. boxes for the tax shelters and a few palm trees in the background. This is fascinating reading: https://taxjustice.net/cms/upload/pdf/Tax_Notes_0707_Lessons_fr…
I sometimes wonder what would happen if the U.S. threatened to invade the Cayman Islands or any other minuscule country acting as a tax shelter to force the nation to disgorge all of the taxable wealth hidden there.
Meh. I agree he's smart and energetic, but I'm not sure why there is an assumption in mass media that someone who is famous for one thing is necessarily great at everything? It's sort of like having actors and reality TV stars in politics. In other …
@FD1000 Krugman won his Nobel in 2008 for his contributions to New Trade Theory https://en.wikipedia.org/wiki/New_trade_theory, so I'm not sure why his political beliefs in 2016 have anything to do with the prize and that you should be amazed by it.…
Got this from an analyst recently:
"US stocks are owned by a variety of investors – foreigners, pension funds, not for profits, and individual holdings stocks through retirement accounts like 401ks and IRAs will not bear any burden from a chang…
Not quite a Madoff level situation, but interesting. I think derivative valuations when the derivatives are bespoke and essentially one of a kind swap contracts between the buyer and its counterparty can lend themselves to mistakes and outright fra…
It found failure to train personnel to avoid cross contamination of COVID-19 vaccines from Johnson & Johnson (JNJ.N) and AstraZeneca (AZN.L), which had also been produced at the site. The agency also cited staff carrying unsealed bags of medical…
It just keeps getting worse with this Emergent Biosolutions subcontractor for J&J: https://reuters.com/business/healthcare-pharmaceuticals/us-fda-finds-peeling-paint-debris-us-plant-making-jjs-covid-19-vaccine-2021-04-21/
We don't need Bitcoin to have a digital currency without the crazy Bitcoin mining energy costs, and libertarian ideology is an essential part of the movement:
https://ft.com/content/eeeacd7c-2e0e-11e9-ba00-0251022932c8
https://marketwatch.com/sto…
https://amazon.com/s?k=participation+ribbon&crid=3SNTI3JQ86N2R&sprefix=participation+r%2Caps%2C167&ref=nb_sb_ss_ts-doa-p_1_15
Actually, I think you've found something because of the age requirements for purchasing tobacco. Only cases:
h…
https://www.amazon.com/Justice-Whats-Right-Thing-Do/dp/0374532508/ref=sr_1_2?dchild=1&keywords=justice&qid=1618972420&sr=8-2
I tried searching for: Sh-t I don't need--and the closest thing I found was: https://amazon.com/s?k=sh-t+i+don%…
Actually, I stand corrected. The net worth is now $130 trillion. https://wsj.com/articles/u-s-household-net-worth-rose-5-6-in-4q-to-record-130-2-trillion-11615482059
The total U.S. household net worth after deducting all household debt is currently $123 trillion. The top 1% control $38.6 trillion of that. The top 10% control $85.6 trillion of that. The bottom 50% control $2.5 trillion of that. Imagine what a 3% …
To me bitcoin's existence and popularity are in some respects an indication that capitalism is failing. It's supply and demand of something no one really needs and its scarcity is manufactured, not genuine scarcity, but an artificial one foisted upo…
Patriotism--the last refuge of the scoundrel. Could it be more apt in Gaetz's and Greene's cases: https://cnn.com/2021/04/16/politics/marjorie-taylor-greene-america-first-caucus/index.html
BLOK at least has real companies in it trying to profit off blockchain technology which is not the same as bitcoin as a currency. Yet those companies aren't cheap. Its largest holding MicroStrategy is up 500% in the past year and has a p-e ratio of …
Speaking of Ponzi schemes, does it bother anyone that no one knows exactly who created bitcoin in the first place? Satoshi Nakamoto's true identity remains a mystery. So we have an anonymous piece of electronic code being bid up with no original pro…
Yep, although I will always maintain that the greatest crimes are generally the legal ones. Much of what occurred with mortgage backed securities prior to and during the 2008 financial crisis was legal, and that behavior nearly destroyed capitalism …
@Crash While it's true that an ethical corporation is somewhat of an oxymoron, there are ways to invest, not to leave a behemoth like Amazon out of the portfolio, yet insist that it behave better than it has in the past towards labor and the environ…
I’ve long been convinced that there is a link between the end of Madoff’s scheme and the overwhelming popularity of index-fund investing in the aftermath of the financial crisis. It’s not simply that, as the Wall Street Journal theorized, people rea…
They will have higher turnover for sure, but not necessarily more volatility during downtrends. It depends on the nature of the downtrend. A 2000-2002 type selloff, an equal-weighted index would've held up better. Not so in 2020.
Depends on whether you're an ESG investor or not. It is funny though to me when mentioning oil companies to ESG fans it's easy to dismiss them and say leave them out of the portfolio because they've done terribly for a while now. Mention Amazon and …
Kind of a clickbait headline because you can index pretty much anything nowadays and design the index almost any way you like. The author obviously means market cap weighted indexes, but there's no reason an index needs to be market cap weighted. A…
