Ghost of Igloi wrote:
$160 million
The assets that Igy managed started off as $1.5 Billion and are now $160 million.
Ghost of Igloi wrote:
$160 million
The assets that Igy managed started off as $1.5 Billion and are now $160 million.
Sally Vix wrote:
Ghost of Igloi wrote:
$160 million
The assets that Igy managed started off as $1.5 Billion and are now $160 million.
Deflation, similar to your 20 year equity projected returns of 10+% that came in 3.76%.
?
Ghost of Igloi wrote:
seattle prattle wrote:
No, like Apple and Amazon and Microsoft, amongst others.
Own it. I do.
Within the last five years the debt levels of the three companies have exploded:
MSFT = + 300%
AAPL = + 50%
AMZN = +300%
No one cares, currently.....
YTD trailing returns:
MSFT = 52%
AAPL = 72%
AMZN = 21%
Face the fax wrote:
Ghost of Igloi wrote:
Within the last five years the debt levels of the three companies have exploded:
MSFT = + 300%
AAPL = + 50%
AMZN = +300%
No one cares, currently.....
YTD trailing returns:
MSFT = 52%
AAPL = 72%
AMZN = 21%
Within the last 5 years, MSFT is up about 250%, AMZN about 500%.
Sally Vix wrote:
Face the fax wrote:
YTD trailing returns:
MSFT = 52%
AAPL = 72%
AMZN = 21%
Within the last 5 years, MSFT is up about 250%, AMZN about 500%.
Exactly. Just like with anything else, you can find something “wrong” with just about anything. The bottom line is that these stocks have been winners and their owners are happy. Those who did not take advantage of this try to rationalize their inaction by focusing on the stocks’ weaknesses rather than their strengths. In academic terms this is known as the “loser’s psychology “.
Happy Thanksgiving.
Psychology 101 wrote:
Sally Vix wrote:
Within the last 5 years, MSFT is up about 250%, AMZN about 500%.
Exactly. Just like with anything else, you can find something “wrong” with just about anything. The bottom line is that these stocks have been winners and their owners are happy. Those who did not take advantage of this try to rationalize their inaction by focusing on the stocks’ weaknesses rather than their strengths. In academic terms this is known as the “loser’s psychology “.
Happy Thanksgiving.
Good to hear the good news from you guys,
In full disclosure, i have only been in MSFT for maybe a year, and AMZN about three, but Apple since about 2000.
The other FANGs maybe about 8 or 9 years.
A tech. investor since the starting in mid-nineties. Bought many that worked out to varying degrees including Ebay, Infospace, Inktomi, CMGI, Internet Capitol Group, you name it.
Trimmed those that didn't pan out and let the winners ride, and even added to those many times along the way.
A few of the truisms that steered my investment strategy were 'buy the industry leaders', 'let your winners ride,' and 'invest in what you know'.
If i were to buy anything along those lines now, which i am not doing currently, I would be most inclined to buy Microsoft and Google, with Google being more of the long shot. I think Microsoft is a relatively safe bet with excellent management and solid game plan going forward.
Yes Turkey Trotter, how about Europe? Just logged on and someone sent me a ZH link that euro markets are having their best year since 2009.
!
I’ll say it again, wow! What a year. This has to be about the US elections, maybe pushback against wealth taxes proposed by the Democraps.
Maserati wrote:
Yes Turkey Trotter, how about Europe? Just logged on and someone sent me a ZH link that euro markets are having their best year since 2009.
!
I’ll say it again, wow! What a year. This has to be about the US elections, maybe pushback against wealth taxes proposed by the Democraps.
Yeah, it's a big year, but considering the year it followed, i'm glad just for the fact that it cancels out the train-wreck of 2018.
So, Black Friday! What's everyone buying? Nothing for me, mostly waiting for my poorly timed buys of Shopify and AMD to go positive far enough to take a decent profit.
Holding, too, on a couple of recent buys of the technology leveraged etf: TECL.
Happy Holidays, all, for now it is officially the season!
I put two airline tickets on reservation until Monday noon for $40...no great deals, hopefully something better will come along before then.
I guess my &40 will be added to the black friday total.
Other than that and a meal, nothing!
seattle prattle wrote:
Maserati wrote:
Yes Turkey Trotter, how about Europe? Just logged on and someone sent me a ZH link that euro markets are having their best year since 2009.
!
I’ll say it again, wow! What a year. This has to be about the US elections, maybe pushback against wealth taxes proposed by the Democraps.
Yeah, it's a big year, but considering the year it followed, i'm glad just for the fact that it cancels out the train-wreck of 2018.
So, Black Friday! What's everyone buying? Nothing for me, mostly waiting for my poorly timed buys of Shopify and AMD to go positive far enough to take a decent profit.
Holding, too, on a couple of recent buys of the technology leveraged etf: TECL.
Happy Holidays, all, for now it is officially the season!
I bought a new bluetooth speaker - I miss those days of high fidelity speakers and am trying to wean myself off headphones.
Just wish Mrs. Agip liked loud music too.
Yeah, i don't get that - why are bluetooth speakers sold as a single speaker? Whatever happened to the stereo sound of two speakers?
We've got one set of bluetooth speakers (a pair), but i've been looking to buy another just so I don't have to drag that pair around the house to use it in other rooms.
seattle prattle wrote:
Yeah, i don't get that - why are bluetooth speakers sold as a single speaker? Whatever happened to the stereo sound of two speakers?
We've got one set of bluetooth speakers (a pair), but i've been looking to buy another just so I don't have to drag that pair around the house to use it in other rooms.
I think, in theory, the new technology has made one speaker sound like two. They apparenlty fill the room on their own. I'll let you know. But I think with many systems you can buy two and use them together.
In the past a few times I've referred to good economic work that shows that when measured correctly (or at least differently), inequality has not been growing.
The work is making its way slowly to the forefront - this week's Economist made it their cover story. Worth a read.
There is no mathematically clear answer since so much of this is unmeasurable in a vast economy, but I think much of it is very compelling.
I do think the description of inequality as vast and growing is mistaken, and I do believe very, very strongly, that the 'middle class wage/living standards have stagnated for decades' description cannot be taken seriously.
Paywalled, of course.
https://www.economist.com/leaders/2019/11/28/inequality-could-be-lower-than-you-think
agip wrote:
In the past a few times I've referred to good economic work that shows that when measured correctly (or at least differently), inequality has not been growing.
The work is making its way slowly to the forefront - this week's Economist made it their cover story. Worth a read.
There is no mathematically clear answer since so much of this is unmeasurable in a vast economy, but I think much of it is very compelling.
I do think the description of inequality as vast and growing is mistaken, and I do believe very, very strongly, that the 'middle class wage/living standards have stagnated for decades' description cannot be taken seriously.
Paywalled, of course.
https://www.economist.com/leaders/2019/11/28/inequality-could-be-lower-than-you-think
A good read. But I would like to read the rebuttal from reliable sources. Thanks for posting the informative article.
Sally Vix wrote:
Ghost of Igloi wrote:
$160 million
The assets that Igy managed started off as $1.5 Billion and are now $160 million.
Wow. I’d heard that Igy had lost most of his clients, but that is a huge difference. It is reassuring to know that most of his clients got out. Hopefully they weren’t too late.
Go, Pats!
Stanley Morgan wrote:
Sally Vix wrote:
The assets that Igy managed started off as $1.5 Billion and are now $160 million.
Wow. I’d heard that Igy had lost most of his clients, but that is a huge difference. It is reassuring to know that most of his clients got out. Hopefully they weren’t too late.
Go, Pats!
What is it with you? Are you ugly, fat, and your significant other does not want to have relations? Or, is it the other way around, an ugly and fat significant other?
One thing for sure, it is not Igy that is your problem.
Go ugly and fat!
seattle prattle wrote:
agip wrote:
In the past a few times I've referred to good economic work that shows that when measured correctly (or at least differently), inequality has not been growing.
The work is making its way slowly to the forefront - this week's Economist made it their cover story. Worth a read.
There is no mathematically clear answer since so much of this is unmeasurable in a vast economy, but I think much of it is very compelling.
I do think the description of inequality as vast and growing is mistaken, and I do believe very, very strongly, that the 'middle class wage/living standards have stagnated for decades' description cannot be taken seriously.
Paywalled, of course.
https://www.economist.com/leaders/2019/11/28/inequality-could-be-lower-than-you-thinkA good read. But I would like to read the rebuttal from reliable sources. Thanks for posting the informative article.
the piece does go through some of the disagreements one by one.
But the Economist did leave out some key elements like the aging of the population/much longer lives. And it only touched lightly on the shrinking family size issue. Both of those argue for the 'inequality is overhyped' thesis.
Inequality of income drives divisive politics and our legislators and Fed is largely at fault.
Ghost of Igloi wrote:
Stanley Morgan wrote:
Wow. I’d heard that Igy had lost most of his clients, but that is a huge difference. It is reassuring to know that most of his clients got out. Hopefully they weren’t too late.
Go, Pats!
What is it with you? Are you ugly, fat, and your significant other does not want to have relations? Or, is it the other way around, an ugly and fat significant other?
One thing for sure, it is not Igy that is your problem.
Go ugly and fat!
Normally I don’t like to pile on another’s misfortune, but you are such a miserable SOB that I can’t help it. Plus, you tout your investment knowledge when this proves otherwise. It seems appropriate to knock you down a notch or two.
Ghost of Igloi wrote:
Inequality of income drives divisive politics and our legislators and Fed is largely at fault.
I disagree that the divisive politics are driven by inequality.
It's cultural - it's rural vs urban, it's racial, it's anti-pc.
It's really not economic.
It's mostly trumpers convinced that urban dems hate them and look down on them.