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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
The thing neither political party seems to get is that seeing GDP growth and, they hope, job growth as the end-all be-all of economic goals is a mistake. Sincere Republicans believe tax cuts will stimulate GDP growth and create jobs and sincere Demo…
Although the metaphor has significant limitations, since it's so commonly used, let's compare the U.S. to a business or stock. When a business is young, small and rapidly growing, it makes sense to take all of the profits from that business and rein…
@davidrmoran Excellent article on Google. I hadn't read that one. It also makes complete sense that Google is like the Internet's id while Facebook is the more sanitized ego. It's also scary the sense to which all of us are now being monitored onli…
@Davidrmoran
If you haven't already read it, read this:
https://theatlantic.com/magazine/archive/2017/10/the-first-white-president-ta-nehisi-coates/537909/
Clearly some institutional investors such as state pension plans are better in their support of these governance issues than others such as mutual funds:
https://twitter.com/search?f=tweets&vertical=default&q=sustainability%20ratings%20tell…
December 19, 2007: "Birinyi thinks the bull market that started in 2002 is still very much intact."
https://google.com/search?tbs=cdr%3A1%2Ccd_min%3A12%2F31%2F2006%2Ccd_max%3A12%2F31%2F2008&q=Birinyi+thinks+the+bull+market+that+started+in+2002+…
WHERE CAN THIS GO WRONG? We don’t pretend to foresee black swans, which, by definition, are unpredictable. So take your pick of unlikely but not-impossible scenarios. A hot war in North Korea, or worse? Tax reform goes the way of “repeal and replace…
Something not mentioned: A site devoted primarily to actively managed mutual funds in an age of passively managed ETFs and robo-advisers might by default attract an older crowd. Eventually active mutual funds may be like vinyl records. Old timers w…
Life under airplane monopolies/oligopolies:
https://washingtonpost.com/news/tripping/wp/2017/09/19/report-airlines-have-to-know-that-cramming-more-people-into-smaller-seats-is-unsafe/?utm_term=.e633a3cef37f
thedailybeast.com/flying-coach-is-so-cr…
@Ted Why stereotype? Your saying "I'm surprised that a left-winger like yourself would link an article about diamonds," would be like me saying "I'm surprised a right-winger like yourself would link to a video of a gay icon like Marilyn Monroe." But…
@Johnn I think McCain doesn't want his final legacy to be denying sick people access to health insurance. He's not well himself: https://cbsnews.com/news/60-minutes-john-mccain-on-being-diagnosed-with-brain-cancer/
I also don't think he ever appreci…
@Maurice. You keep saying Obacamare's horrible. But a lot more people have healthcare today than before the law passed, and most think the new law's preventing insurers from disallowing pre-existing conditions is vital. So how is it "horrible?"
If any major elected official--members of Congress, president, etc.--has their identity stolen and exploited for financial or political gain Equifax will be put out of business. If it's ordinary Americans, it depends on how many and how rich they ar…
@Flack Hank probably should've added "in the developed world." The developed world's loss to globalization has been the developing/emerging world's gain. That is what is causing so much nationalist/nativist unrest in the U.S. and Europe. Meanwhile p…
@hank But only if a problem is publicly identified and measured can it be solved. In dictatorships there are no problems because the dictator says they don't exist. Take tyrant Ramzan Kadyrov of Chechneya who says there's no persecution of gay men i…
@Ted And I suggest every time you post patriotic WW2 or veterans videos/homages, you write a letter to your favorite Congress-person and President asking that your taxes go up to help pay for the veteran benefits they want to cut:
npr.org/section…
@MSF You're right that there is some conflation which occurred because of limited space. I meant subsidization in the indirect sense of the number of patients covered affecting hospitals' cost structures or as you comment "like saying that hospitals…
@Ted Yes and who's a popular U.S. senator, potential presidential candidate and respected legal scholar who's taught at Harvard and who's a cranky guy that posts stories about mutual funds at 4:41 A.M. and is so obsessed with this site that if anyon…
@LLJB There's nothing inconsistent between the types of companies managers want to invest in, or Buffett's approach, and the free market. It's actually the very nature of a free market.
Consolidation of power in capitalist markets into monopolistic…
A "wide moat" has always been just a euphemism for a monopoly. The truth is as much as money managers boast of the glories of free market capitalism they've always sought out monopolistic companies in their investments that often aren't good for som…
Some things are too vital to a society to be left in the hands of for-profit corporations with limited resources and conflicted interests that align them more with their shareholders/owners than public consumers. The military and our courts system a…
Musk isn't the only one:
https://washingtonpost.com/news/the-switch/wp/2015/01/28/bill-gates-on-dangers-of-artificial-intelligence-dont-understand-why-some-people-are-not-concerned/?utm_term=.3e9a5fb47231
"Vanguard economist Joe Davis kicked off the conference with his view of the future of work. In the next five to 10 years, studies suggest, 50% of jobs in the U.S. are projected to be lost to automation. India could lose 69% of its jobs, and more th…
Without reading the filing my guess is this will be for their quantitatively run active funds which own hundreds of stocks. Disclosing what they own on a daily basis is not as big of a deal as a concentrated fund that can't afford to have one of its…
It's an interesting situation albeit not as surprising as one might think. Anyone who knows Trump's history understands that he's never had a philosophical problem with borrowing lots of money. The problem always was how he chose to spend the money …
If the future is truly uncertain, why should investors have a long bias in their portfolios? All we know is that in the past this strategy has worked, not that it will work in the future. Applying some blind probability analysis based on that past p…
Sure, because Morgan Creek was so successful at this kind of alternative investing in the past:
https://sec.gov/Archives/edgar/data/1559098/000139834417003043/fp0024439_497.htm
