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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
Rhetorical questions: Why do you still own Amazon stock in your fund when it has an earnings yield of 1.6%, based on inverting its forward p-e of 60? Why do you still own Tesla stock in your funds when it has a 0.6% earnings yield based on its forwa…
Aside from the environmental waste disposal problem and labor/community radiation exposure problem, the cost advantages of nuclear don't appear to be there. From the previous link: Existing nuclear plants have relatively low operation, maintenance,…
One could argue that the real issue is cash or bank account yield versus the inflation rate to get to a real rate of return, which has often been negative historically. Although even that is misleading because ultimately it is only one's own persona…
If you're going to discuss something as serious as the future of the planet's environment and our energy supply, I would recommend finding a more objective source than a natural resources money manager who invests primarily in oil, nuclear power and…
Yeah, people like Noonan seem to have a fondness for the 1950s many others do not. Not that pre-2020 New York didn't have its drawbacks. I remember speaking to a friend a few years ago who told me a two bedroom apartment in Manhattan cost $4,000 a m…
Which old New York--1950s New York, 1960s New York, 1970s New York, 80s, 90s,00s, 10s? As someone with my own history with the city, I would say as one of the world's great ones, it is foreover undergoing change--always has, always will be. Before t…
And I say if you think Musk's foray into electric cars, batteries, space exploration, solar power, virtual logistics, e-payments, etc. isn't important to America's future you're deluding yourself. Read his bio: https://en.wikipedia.org/wiki/Elon_Mus…
Look, I'm not a huge fan of Telsa's stock at its current valuation, but the notion that Musk has done nothing of interest or value for "'Merica" is utterly absurd. So what if he "used drugs?" Probably half of America now is on some kind of anti-depr…
Large institutions often provide seed money, although that is not the case for some such as Vanguard, but even when the seed money is large asset-wise, that doesn't mean trading volumes of the ETF are high. The seed money could be from an institutio…
The ETF launched a few days ago I believe. Unless you're an insurer with seed money for an ETF, initial assets/positions are usually like this. I'm not sure why that requires a "hard pass" in the future if it gains traction.
You're right. I would imagine though they might employ an outside ESG ratings service to do their initial ESG assessment. How much of this labor can be outsourced and how much that will cost are interesting questions.
My understanding is Sodastream did move its operations, but the consequences haven't been uniformly great for Palestinians. My way of thinking is that much like Trump needed to be removed from power in the U.S., this guy needs to be removed from pow…
Thought it was another gimmick at first, but this one seems legit, especially with a low 0.11% expense ratio. Too often these ESG funds take advantage of good-intentioned investors to gouge them price wise which seems hypocritical to their entire mi…
But you can see the weird situation just a blanket boycott can create for companies trying to do the right thing in the NPR Sodastream article:
Birnbaum says his desire to keep employing West Bank Palestinians at his new factory proves Palestinians…
@Crash I don't have a problem with boycotting Israel for its policies in the West Bank so long as one is consistent in one's ideals. In other words, the question is do you also believe in boycotting China for its treatment of the Uighurs, which is h…
I find the left-wing's fixation on Israel not quite as unsettling as the right-wing's on George Soros and the antisemitic trope on Jewish media, but it is still unsettling to me. It is not that I think that Israel's policies in the West Bank aren't …
Hard to say what's luck and what's skill, but I will say almost every investment style comes in and goes out of favor, and a manager good at one style may not be able to adapt to a new investment regime. Today was one of the most interesting days I'…
Instead of little green pieces of paper you could also see it as lines of code stored in hard drives and in "the cloud," virtual zeroes and ones moving from one drive to another or sometimes probably within the same drive. That's how weird money has…
True, but just like with stocks, its the time and return on investment, not just end value. To get a 343% return on investment on a Jordan card in just a few weeks sounds a bit too much like the Game Stop mania. The Mantle card apparently went from …
@Observant1 Great article and exactly what I'm talking about above. It's really the "free market" version of religion, with everyone having their own individualistic "personal" relationship with God, and if you disagree with the fascist cult of pers…
Maybe the end of this soon:
Ken Goldin has sold sports trading cards for four decades. What happened earlier this month still shocked him.
In early February, a Michael Jordan rookie basketball card in pristine condition sold for a record $738,000 at…
In the meantime, evidence has emerged that small investors were not the largest buyers of GameStop and other hot companies. According to an analysis by JP Morgan, institutional investors may have been behind much of the dramatic rise in the share pr…
I have problems with the ultra-orthodox in every Western religion to be honest--Christianity, Islam and Judaism--those who take scripture literally that was often meant to be taken figuratively, has multiple authors, not one "Author," and was actual…
@DavidRMoran Elaborate. I've seen in the past charts that show over the long-term market moves match that of earnings growth and valuations or somesuch, but I've also seen evidence in the past that the variances with those fundamentals can be great …
It comes down to whether one believes that stocks move on business and economic fundamentals or not. There is ample evidence that stocks can move on pure sentiment having nothing to do with valuation, economic outlook or anything really but mania fo…
But with words like "lord," "king" or "messiah," as part of the daily or weekly liturgy are not many religious people primed for an autocrat--an annointed "chosen one" who will save the country and/or the world? And can such a deepseated belief in …
I would never underestimate the dangers and strange allure of a fascist cult of personality. I was thinking about it recently in relation to Western religion, the belief in a messiah, and the term "king of kings" in scripture, how fundamentally ant…
Is it me or is there something unsavory sounding to the word "money" as a verb? It makes it sound like money is something you do instead of something you earn through work.
Yep. I wonder if it would've been different if there had been a secret ballot? The only option now is the 14th Amendment I guess on the federal level: https://thehill.com/homenews/senate/535467-democrats-float-14th-amendment-to-bar-trump-from-office…
While I agree that SPCAX's fees are high and its turnover also shockingly so, show me another commodity fund that is as actively managed as this one. And that active management has paid off, especially with regard to avoiding the downturn in oil. Ir…
You have to like building materials/construction company CRH as it represents 22% of this fund's portfolio. Could do well, but there is a lot riding on that one stock.
@sfnative Elaborate. State the manifold reasons in your view. They're worthy of discussion. If it's falling interest rates, that's done. If it's attractive valuations, gone too. If it's America's economic dominance, that is up for grabs. Maybe, mayb…
Bear in mind that if your entire business model depends on investing in the stocks other investors say are in a bubble, you might be subject to some bias. I believe on Wall Street this is called "talking one's book."
Thanks. I think Davenport is a good small-cap fund overall. The one concern I expressed in the article is its concentration for a small-cap fund, which increases individual company risk, but this is mitigated by investing with CEOs who have a lot of…
