From NJ Spotlight:
Murphy hails new tax break law as investment in state’s economy
Gov. Phil Murphy signed into law on Thursday a massive, $14 billion corporate tax-break bill that he said will help foster a stronger state economic recovery coming out of the coronavirus pandemic.
The new law’s enactment comes less than a month after the bill was introduced and put on a fast track by lawmakers following a deal reached with Murphy that resolved several longstanding economic-development policy disagreements.
The governor and several lawmakers who attended a morning bill-signing event in Hamilton, Mercer County, focused on ways they said the tax breaks established by their compromise could help generate new jobs in a state that has been ravaged by the ongoing COVID-19 health crisis.
“This is how we propel our economy moving forward to be a strong and resilient, post-COVID reality and future,” Murphy said.
The voluminous law updates economic-development tax-incentive programs that were allowed to expire more than a year ago as Murphy and fellow Democrats who control the Legislature were unable to reach an agreement to renew them.
The law also establishes several new programs to encourage things like historic preservation, brownfield remediation and the elimination of so-called food deserts in underserved communities. It also establishes tougher oversight provisions and labor protections and creates a new public-private venture-capital fund.
In all, the law would allow for up to $1.5 billion in tax breaks to be awarded annually over six years. The overall $9 billion allocation could be spread out over seven years if the total value of awarded tax breaks doesn’t hit annual program caps in the first six years, according to the law. Another up to $2.5 billion in tax breaks could also be awarded for “transformative projects” over the six to seven years.
The law also sets aside $50 million in one-time funding for small-business assistance.
Gov. Phil Murphy signed into law on Thursday a massive, $14 billion corporate tax-break bill that he said will help foster a stronger state economic recovery coming out of the coronavirus pandemic.
Tax breaks for the rich!
@MichaelRStrain
“Sen. Pat Toomey (R., Pa.) said Saturday on Fox News that he believed Mr. Trump had committed impeachable actions and was no longer fit to serve.”
“If facism ever comes to America, it will come in the name of liberalism.”
~ Ronald Reagan
Impeachment is stupid. There is no way the trial can even begin until after January 20th anyway so what’s the point? Oh yeah I know…. “send in donations to the DNC now!”
Some people are such dirt bags. You know who pays this cost…you.
“Cybercriminals are getting wise to these new return techniques.
“People do this for the sport of it, not just for monetary gain,” said Yuval Ben-David, an analyst at Sixgill, a cybersecurity company.
The most common method is to claim an item didn’t arrive or was defective, Mr. Ben-David said. Then the criminals use social-engineering techniques to try to persuade the retailer to issue a refund. One common technique among scammers is to claim to be afraid to sign for packages during the pandemic for fear of catching Covid-19, he said.
About a quarter of all dark-web chatter about return fraud in the past year focused on Amazon, according to Sixgill. The criminals say Amazon’s algorithms are more likely to detect fraud if the account is newly opened, which has led to a secondary market for older accounts, according to Mr. Ben-David.”
I think if he gets impeached he’s barred from running for office again.
Hard to take the position against the Fed doing a fabulous job. This should have wiped it all out. Why would anyone advocate against this? Why would anyone advocate against their ability to soften the blow?
“On March 11, a group of traders inside the New York Federal Reserve Bank had the chance to watch, in real time, as financial markets spiraled downward. The market was in a panic that day. Stocks were down about 20% from their high in February, and the bottom didn’t seem within view. As the novel coronavirus pandemic was starting to roll across the country, markets were trying to price in the near biblical damage it might cause. The traders inside the Fed had the unenviable job of trying to make sense out of the chaos. They met around a conference table, nursing their coffees, taking notes and speaking to their colleagues throughout the country. The New York team was the central bank’s eyes and ears in the market, and their reports were grim. Even ultrasafe markets were seizing up. Buyers and sellers were having a hard time even determining a price for key assets. This was a crisis.
The information gathered in New York was ultimately passed on to Federal Reserve Chairman Jerome “Jay” Powell. Before the markets closed on March 11, Powell made a breathtaking announcement. The Fed was willing to print half a trillion dollars the following day, to provide short-term loans for distressed borrowers on Wall Street. The day after that, the Fed would offer another $500 billion in the short-term loans (called repo loans) market. A trillion dollars, offered over two days, was the central-bank equivalent of a “shock and awe” campaign. There was every reason to believe this would work. The Fed’s superpower rests on the simple fact that it is the only institution on earth that can create U.S. dollars out of thin air (that thing we call a “dollar” is, in fact, a Federal Reserve note). But on March 12, the Fed was outmatched by the coronavirus. Even a trillion dollars didn’t soothe the nerves of traders. They worried that all the printed money in the world couldn’t give people the courage to go back to Chipotle or the movie theater. Printed money couldn’t keep open the businesses along Fifth Avenue in Manhattan. Markets continued to crash.
In the face of this panic, Powell and the Fed unrolled a second, even larger, wave of actions in late March and early April, pushing the central bank into new areas of the economy, expanding its reach dramatically and weaving it more tightly than ever into the fabric of American economic life. Now the Fed stands as the guarantor of huge swaths of the American and world economy. It’s not a place where Powell expected to find himself.”
https://time.com/5851870/federal-reserve-coronavirus/
That’s why I don’t get the premise of Bitcoin when people advocate against the fiat. They clearly don’t understand the economic system and would rather crash it all when they advocate their illogical position. If our economic system was based on Bitcoin, there would be no economy left. Most govts would be killed off by violent Revolutions that come with extreme busts in the economy.
The thing you always want to make sure of, that the gears of the economic system don’t grind to a halt. You always want to keep the gears moving. They stop…
Pumps – That is welfare for the rich, the Feds Money printing did not make it to the poor first it made it to the rich first, and they the cash for trash programs first to become even richer.
The rich got a huge gift via stock market gains, the poor got some drippings via lower credit card rates, car loans, etc, the poor don’t own stocks.
Cantillon effect
Juice,
Is the alternative better? Where everyone is now poor and the economy is no longer functioning as the gears lock up. Now the store doesn’t have food on the shelves. Your local gas station doesn’t have gas. Everything is coming to a grinding halt.
There is always going to be rich and poor, but without the rich, the system falls apart really fast.
Nancy Pelosi accuses MAGA mob that stormed US Capitol of ‘choosing their whiteness over democracy.”
What has happened to the brains of old people?
Pumps – one moment you espouse disruption next moment you want stability via welfare. You cannot have both. Big Brother FRED bailed out the rich while pretending to help the poor.
The FED terminated their “Main Street Lending Program” on January 8, 2021
What happened is the pandemic over? Nope.
The Banks were backstopped on these loans by the FED and Treasury, why was it not a success?
Because the Banks had to keep a portion of these loans on their balance sheet, some risk. To them that was unacceptable.
We thought we had a system of winners and losers in Capitalisms. Well we aren’t capitalists if it’s always heads I win tails you lose for the banks and the rich.
Next week Joe Biden is announcing his Stimulus Package, which will get passed very quickly in the House and Senate. He said it will be in the Trillions. I cannot wait to see what this legislation will contain. You can bet there will be disruption to go with the government cheese.
Juice Welfare for the rich , crumbs for the poor, and the young middle class screwed with over inflated housing prices. This won’t end well.
Juice,
The dufus does not want to get it. He has limited cognitive ability to see past his own pig snout nose. “It is good for me therefore good for all”
Traitor Eddie,
It already came to America. Reagan was wrong, it came as a southern confederate reactionary wannabe Orange bitch of Putin.
Boy, oh boy. Parler has you so confuse you don’t know which way to go you little russkie lover. Remember Aeroflot 103, is waiting for you to spring you free to the land that you love.
9:12 the point is he can be impeached and the impeachment can be completed when he is OUT of office. He’s F’ed.
Persona non grata
The PGA of America will strip Donald Trump of the 2022 PGA Championship, which is scheduled to be held at Trump National Bedminster golf club in New Jersey.
In a blistering column that says the golf world must sever all ties with Trump, Golfweek’s Eamon Lynch said the PGA has been debating for two years the need to move the major championship and, once Trump is out of office, will announce the tournament will be played elsewhere
3B – Cannot let a crisis go to waste. The plan should be to get everyone vaccinated and open up the economy ASAP. But we aren’t getting that. We are getting another paradigm shift, we will get disruption of our wallets. The plan is the Green New Deal, Healthcare for all, tax the Rich, all wrapped up in some additional 6,000 page legislation that will be dropping in a week or two.
Pumps might squeal when he finds out he too will get hit by the tax increases. There is no way they can fund what they are planning without raising taxes on those earning less than $400,000 a year and a nice flat wealth tax too.
‘But when he saw pictures of the half-naked guy in the fur hat he started complaining they looked “cheap and poor”.
‘Even at one of the worst moments in American history he was thinking about his image. He didn’t grasp the scale of the disaster.’
With ten days to go until the end of his presidency, The Mail on Sunday can today reveal what the aide described as ‘the final hours of a deranged president in his bunker’.
Fuelled by hamburgers and endless cans of Coca-Cola, Trump ignored calls from his closest political advisers, including Vice President Mike Pence, who begged him to make a televised address and call off the mob.
Juice: Agree. But the rich will be fine. There will be giveaways for the rich, all sorts of goodies will be buried in the legislation for them. No way Biden and the rest of them will screw their corporate masters.
A “former President” cannot be removed from a position he no longer holds. McConnell knows this and that is why a trial past inauguration.
Prevent Trump from running again in a few years? They simply may not have the votes in the Senate, 67 “guilty” votes necessary for a conviction.
To complete ExEssex statement. Two things will happen if he’s impeach, even out of office.
First his impeachment cancels out all pardons.
Finally with a simple majority vote the Senate can forbid him from becoming President again.
Or I forgot, Traitor Eddie, this is how your confederate traitors of yours truly see you, forgot how you see yourself in the mirror. https://youtu.be/oCIo4MCO-_U
And here is your ideological strong man leader you love so much talking about the word you really seem to hate “collective”. But you love you dear leader so much, who of course is his bitch.
https://youtu.be/3JVR0zAiyw0
3b – The steal is well underway. We should see massive subsidies for Wind Farms and legislation to clear any kind of hurdles from the locals who don’t want them. That is the only green tech that actually works on a scale massive enough to power homes, GE Brand orcourse for the US rollouts the GE Haliade-X 12 MW turbine.
Ørsted the Danish company is building the new Wind Farm 15 miles off Atlantic City. Their stock is up about 300% in the last three years and doubled in the last year.
Gov Murphy gave them $250 million last month for the new assembly Plant at the port they are building in Paulsboro. Nothing like some government cheese for the already rich.
https://www.nj.gov/governor/news/news/562020/20201222a.shtml
“Police departments across the U.S. open probes into whether their own members took part in the Capitol riot”
Well, now, that’s a problem..
I
Think the ‘end’ that won’t go well is a huge oversupply of 1.5m plus dwellings sitting on the market for years while the rest of us compete for 2BR shacks & condos near the water.
I’m not pro-Trump, but this AWS thing..
Yeah, they have way too much power in America, and the only reason they have it is cause they are giving data to those in power who demand it in return for allowing them to be a monopoly.
Google, Apple, Facebook.
Enjoy your Chinese food today, your country is becoming more like theirs by the hour.
Dear Kids with Master’s degrees,
Buy your house now or pay rent to your slave owners for the rest of your life. They have plans for you.
Be the obedient worker, and remember, we are tracking all of your online activities. Soon your life will be like an episode on Black Mirror.
https://www.jacksonville.com/story/business/real-estate/2021/01/08/build-rent-single-family-homes-trend-legs-first-coast/4139932001/
A great read with factual history behind (not fantasy)
https://www.bloomberg.com/opinion/articles/2021-01-10/niall-ferguson-america-will-achieve-herd-immunity-to-trumpism
Boy, oh boy. Parler has you so confuse you don’t know which way to go you little russkie lover. Remember Aeroflot 103, is waiting for you to spring you free to the land that you love.
My side clamors for freedom, your side clamors for Commun1sm, so I think you’re a bit confused. But here’s the most important part; law enforcement, those intimate with military tactics like some at the protest and those familiar with emergency survival are prepared to decimate, crush, destroy and liquidate the progressive misfits. Wearing a vag1na hat is not going to stop a mallet assault. This is what I’m observing. Your side is for suppression, not debate. Your side is okay that AWS, Go0gle, Appl3, etc. is in the process of eliminating any ideology they disagree with. Flame on for now but don’t believe for a minute that your exempt. They’re coming for you next.
*you’re
“Here they were, a coalition of the willing: deadbeat dads, YouPorn enthusiasts, slow students, and MMA fans. They had heard the rebel yell, packed up their Confederate flags and Trump banners, and GPS-ed their way to Washington. After a few wrong turns, they had pulled into the swamp with bellies full of beer and Sausage McMuffins, maybe a little high on Adderall, ready to get it done. Like Rush Limbaugh before them, they were in search of their own Presidential Medals of Freedom, and like Donald Trump himself, they were ready to relieve themselves on the withering soul of the nation and the marble floors of the Capitol building. Out of darkness we were born and into darkness we were returning.”
“Here they were, a coalition of the willing: deadbeat dads, YouP@rn enthusiasts, slow students, and MMA fans. They had heard the rebel yell, packed up their Confederate flags and Trump banners, and GPS-ed their way to Washington. After a few wrong turns, they had pulled into the swamp with bellies full of beer and Sausage McMuffins, maybe a little high on Adderall, ready to get it done. Like Rush Limbaugh before them, they were in search of their own Presidential Medals of Freedom, and like Donald Trump himself, they were ready to relieve themselves on the withering soul of the nation and the marble floors of the Capitol building. Out of darkness we were born and into darkness we were returning.”
Phoenix: Dear kids with masters degrees, buy your house now, and over bud. Once it all collapses continue to pay your mortgage, in the event you cannot, don’t worry we will rent them back to you, and you will pay. We win, we always win. Buy now!! Hurry, Hurry!!
Fast: The Capitol invasion was a disaster!! And the voices of moderates and centrists are silent now. Keep your head down, and keep silent. As Phoenix said we are becoming like China, no dissent, no difference of opinion no compromise for the common good. At some point in the future we could have political re-education camps . Some will laugh and scoff and claim that statement is alarmist and nonsense. But that’s the thing with history it can happen again, and it could happen here. So again, keep your head down and keep silent. Trump destroyed the Republican Party after the madness of last week, and there will never be a 3rd party. So stay silent and just take care of you and yours.
“My side clamors for freedom”
Let me know when you find this party Ed. Right now “your side” believes in Orange cultist..who believes in fascism. Their freedom only applies to white Christian males..and they really want their AR-15 toys.
“Your side is okay that AWS, Go0gle, Appl3, etc. is in the process of eliminating any ideology they disagree with.”
Fast, but I thought you were an Objectivist ;-)
Shouldn’t these “master of industry” be able to control who dines at their establishment? That was the Objectivist position during the Civil Rights era, when folks were clubbed and humiliated at Woolworth lunch counters.
(I don’t mean to disparage anyone’s personal beliefs, just fostering open debate)
“The ‘civil rights’ Bill, now under consideration in the 1963 Congress, is another example of a gross infringement of individual rights. It is proper to forbid all discrimination in government-owned facilities and establishments: the government has no right to discriminate against any citizens.
And by the very same principle, the government has no right to discriminate for some citizens at the expense of others. It has no right to violate the right of private property by forbidding discrimination in privately owned establishments.”
Source: The Virtue of Selfishness, by Ayn Rand, p.156 , Nov 1, 1964
That was the Objectivist position during the Civil Rights era…
Nope, wrong!! Rac1sm is a primitive form of collectivism. That’s what your side believes. The individual is a cog to serve the collective host. It takes a village, remember? Twist it any way you want. Your side needs tools (figuratively and literally) to advance your cause.
Freedom of speech does not include destroying the capital. Every single coward who stepped down in DC should go to the same prison with the domestic terrorists who attacked the Capital. It’s really that simple. You are not a constitutionalist if you choose to try to attack the confirmation of the election results.
I’ve been saying since before the election that Bannon tactics and lies brings you the beginning of fascist regimes which always end horribly. Everyone called me a fool for comparing this to the beginning of the Third Reich.
I hope you all got a chance to listen to that spot on speech by well-respected Republican Arnold Schwarzenegger.
Der Fuhrer has managed to hijack the Republican Party and run into the ground. The longer Republicans choose to defend the actions of a psychopathic and narcissistic liar, the longer it will take before the left is willing to listen at all. You just had a pretty good table in the fancy restaurant, but you just told the maitre d’ that the food sucks to get a discount. So as you smile and think you just got one over on the restaurant, your glee pales in comparison to the grin on the master chef’s face as you eat his pubic hair that he just baked into your free creme brulee.
Gary,
Your side believes that a bakery shouldn’t have to sell a cake to a gay couple, yet you have an issue with Twitter shutting down the account of a president who tried to destroy the country that enabled Twitter to exist in the first place.
I think I know which side needs to be reeducated.
Trump is a 100% coward. He could go on a press meeting whenever he wants and it won’t be censured for all. How can he defend for inciting people to capture and execute Pence.
Liability of another cop-killer scenario before or during inauguration is highly likely and AWS and big tech knows this. FBI is probably asking this prevention for now. Things will return back in a month or so.
That said, NV GOP members still wait Trump being crowned on Jan 20, and AZ GOP members censured Cindy McCain. Confederate flag flyers of GOP members don’t look like our dear friend Eddie. Perhaps they should split into two factions: Reaganite GOP and Confederate GOP.
Lib: Sorry I usually agree with you. But on this I don’t. The whole PC madness started with the left. What was originally something good like replacing offensive words like retarded. And the objectification of women, and others such as Gay rights, has morphed into something more bizarre. The latest I have seen is the University of Michigan’s IT department requesting they the terms brown bag lunch and picnic be removed as they may be offensive! And don’t kid yourself there is a ton of bizarre leftist material out there on the internet as much if not more than the right. And with the exception of Fox , the media by and large is all firmly in the leftist camp, including all of social media.
History shows that some movements start out with the best of intentions, Communism in Russia, turned into a blood soaked nightmare, and it was the left there that coined the term re-education camps, where people would be taught how they should think.
Mao s cultural revolution in the 1960s killed millions. The Khmer Rogue and their destruction of the entire population who were educated, and anyone who wore glasses as they were deemed suspect and able to read. Don’t think for one minute this could not at some point happen here. And make no mistake I blame Trump for the madness of last week. No excuses. But there are many on the left who are responsible for the divisiveness and the violence we have witnessed this past year. And no, no one gets a pass for bringing the violence to these neighborhoods that were already struggling, especially these little white boys and girls who then go back to their comfortable middle upper middle class lifestyles. Should they not go back now and help those people put their lives back together? The left is ascendant now, and the radicalism and the belief that differences of opinion are suspect, scares me. And it should scare all men and women of good will, regardless of their politics.
This article is for Pumpkin:
https://thehill.com/opinion/finance/532750-landlords-should-not-have-to-work-for-free
Fast: “Twist it any way you want. ”
I twisted nothing. Everyone here can read my post, which I validated with full textual references. I never used the word racism, just demonstrated how harmful an ideology this has been at critical moments in our nation’s history.
You on the other hand are openly advocating and wishing for murder and violence. Please reconsider how committed you truly are to “discovering knowledge through reasoning”.
3b, ” lives back together? The left is ascendant now, and the radicalism and the belief that differences of opinion are suspect, scares me.”
No, don’t try this. This is not about difference of opinion or gender-neutral nonsense. This is about flying a confederate flag and chanting “Hang Pence”. It’s about a serious and real threat to national security.
“World, hold on. Instead of messing with our future, open up inside”
World, Hold On by Bob Sinclair (2006)
https://youtu.be/T07yDMn1xRs
AP : It’s obvious you did not read my post and what I said about what happened in the Capitol. This is part of what I am talking about, I clearly state my condemnation of what happened in the Capitol, I clearly state that Trump destroyed the Republican Party and yet you deem my comment suspect.
3b, I got you. Apologies for any offense. I did read your post, and my counterpoint was that the main focus right now should be on the very real threat that exists against all of us.
I remember Oklahoma City like it was yesterday.
Wikipedia lists 64 Conservative publications currently. Many of them have been around for decades and nobody is trying to stop their voice from being heard.
Trump and his followers on social media have proven that their speech presents a clear and present danger. They have violated the rules of their respective platforms and have been banned. Like lib said, no cake for you! Just like the conservative Supreme Court decided.
Anybody know (Fast Ed?) when Sidney Powell’s ‘Kraken’ will be realeased – thanks
Personally, I’d like to live in a country free of censorship. It’s saddening to see so many support censorship when it suits their beliefs. Sure enough, it doesn’t end here, it just begins.
BRT, show one statement made here by anyone that “support censorship”
You are either being dishonest and or basically trolling. Maybe just out of your depth?
A ton of so called ‘Experts’ on this forum talk a lot of BS.. They oppose everything pumps says..
All these experts with 50+ years experience have claimed RE was domed, NJ was doomed, NNj was doomed..
Anyone who listened to them or paid attention are all hosed now.. Glad I didn’t/
Fed bailed out the economy and these people still find a way to complain…
SMH
AP: Fair enough. But I am looking past Trump. And the environment where if you don’t agree with me than you are suspect, you must be a racist, or a bigot or a homophobe. And the hatred of this country that is shown by many on the left. I don’t hate this country, I love it, and that does not make me a right wing fanatic. There are politicians on the left who spew hatred for the USA who looks at everything through their own prism. The Congress women from Minnesota whose name escapes me , came to this country as an 8 year old refuge from Somalia, and she is now a US Congress woman what other country would this happen in ?? None. Yet she says we are racist to the core and it all needs to be torn down. Perhaps it’s because my Parents were immigrants it shocks me more. Those on this blog who identify as Liberal should acknowledge that there is hatred on the left as much as on the right. And we should all be concerned with group think.
The Fed has not bailed out the economy. The Fed has printed trillions and trillions of dollars to make a facade of an economy. This is the most regressive act that could have ever been performed, as every time they print, they hurt the poor guy so many times more than the rich guy. Society has 100 clams. There’s a rich guy with 70 clams a guy who says he’s upper middle class with 25 clams and a poor guy who also says he’s upper middle class with 5 clams. No one ever says they are poor. Not even the dude with no clams. Well, the 70 clam guy who works on Wall Street gambles his 70 clams and loses. Rather than letting him become another upple middle class guy with 5 clams, he convinces the government to print 20 more clams since he kinda owns the government. That 20 clams saves Wall Street and now the rich guy still has 70 clams, but they are worth only 58 clams now. He’ll hold off on buying his third Lamborghini.
The guy with 25 clams, his are only worth 20 now. Worse yet, he gets no raise because demand at the Lamborghini factory where he works has slowed. The poor guy is now down to 4 clams. He loses his job at the cafeteria in the Lamborghini factory as too many of the workers are brown bagging lunch to make up for the lack of a salary increase and to deal with the inflation caused by all that Fed economy saving.
The not a pumps supporter troll is obviously under 35. He doesn’t realize that the market always corrects. He also doesn’t realize that the only bullet left in the gun is to print more money. This bullet only works when the rest of the world is floundering like the US. It always won’t be. And you can only dilute all of those upper middle class clam collectors so many times before they revolt.
30 year perhaps or at least not yet. But no matter what they might say, if the thought police on the left deem their comments as racist , or bigoted, or not acceptable then they are. And if anyone agrees with some of those views then they too are racist, homophobes or whatever.
Lib: That was a very succinct and easy way to explain the madness of Fed money printing. And I suspect the troll is actually you know who.
3b, thank you. I am opposed to radicalism of any kind, so I can understand where you are coming from. No one has a monopoly on the truth.
FWIW I’m on record here on deploring all social networks, and I’m not celebrating that the President has been deplatformed. I’m very sad it has got to this point.
I appreciate your post.
3b,
I think you might have gotten a wrong read of me, or perhaps I just suck at trying to explain myself clearly, with my crappy 390 on the SAT verbal and piss poor grammar.
I agree that the pendulum has swung too far in the name of political correctness. It’s actually silly how we can’t deal with the slightest bit of adversity anymore. I think the Washington Football Team was the greatest use of snark I have ever witnessed and I appreciate it for what it is. Gross generalizations are always stupid and wrong. With that said, it is true that Trump has used race and misogyny and xenophobia to attract that small portion of our citizenship that he needed to win the election in 2016. The disenfranchised were always disenfranchised. They were there back in the Clinton days, because I remember the same kind of arguments. I remember those same hicks defending W Bush’s occasional faux pas with the completely untrue, “he might be a moron, but he is the kind of guy that I might find down at the corner bar, so I’ll give him a pass. ” The problem with Trump and using Breitbart tactics to win the election is that you empower those “good people,” bullies and racists. When you do this and they try to void the election results for you, you own them.
Now if you condemned grabbing them by their puzzies, building walls to keep out the rapists from Mexico, banning all Muslims from air travel and the list goes on and on. Then I would agree with you, you are not a racist or a hate monger. But the silence and defense of this dangerous Trump and his dangerous tactics (which people like myself have been pointing out since before the election) equates to your support of it.
You don’t get to only condemn the final results when earlier condemnation should have been made. You OWN this, much like every Democrat owns the stupidity of focusing too much on gender and climate and not enough on the economy for all and my biggest pet peeve, the corrupt swamp.
Sorry, but it’s too late to apologize now. You own it now.
You are either being dishonest and or basically trolling. Maybe just out of your depth?
censor (verb): to examine in order to suppress or delete anything considered objectionable
Bans him from 2024 or ever again.
D-FENS says:
January 10, 2021 at 9:12 am
Impeachment is stupid. There is no way the trial can even begin until after January 20th anyway so what’s the point? Oh yeah I know…. “send in donations to the DNC now!”
Libturb: I never voted for Trump In 20/6 or this time around. And I have condemned him, prior to the Capitol. But I have not made a sport of it, as it only heightened his madness. And my point is proved on that. The Democrats took the low road, when they should have taken the high road, and been the adults in the process which they clearly were not. Yes, Trump appeared to the disenfranchised, the ones the Democrats claim they care about, and it’s clear they don’t. Two of the people who invaded the Capitol last week were white collar professionals, one the Assistant General Counsel for an insurance company and anothe apparently a CEO of some company. That proves in some measure it’s not all white trash that supported Trump. And their are Liberal racists too, just mention low/moderate income housing and watch them squirm to explain how they really, really support it but not in their town. I don’t own Trump or the Republicans or the Democrats I hate them all and have felt that way for years.
chicagofinance says:
January 10, 2021 at 6:19 pm
Bans him from 2024 or ever again.
D-FENS says:
January 10, 2021 at 9:12 am
Impeachment is stupid. There is no way the trial can even begin until after January 20th anyway so what’s the point? Oh yeah I know…. “send in donations to the DNC now!”
chicagofinance says:
Your comment is awaiting moderation.
January 10, 2021 at 6:32 pm
HEARD ON THE STREET
How to Fix the Housing Bias That Warps Investment Decisions
Overinvestment in property is incentivized by subsidies and favorable treatments in the tax system that governments could withdraw
By Mike Bird
Overinvestment in real estate is a problem for the economy. A growing body of research suggests that it saps future output by sucking capital away from more productive uses. And housing is a particular culprit.
There are a number of possible ways to solve the problem—none of them easy.
Homeownership bias, meaning the incentive to invest in property rather than other assets, exists in the most of advanced economies. This means less money is invested in things that boost productivity like machinery and new technologies.
When thinking about how housing is taxed, it’s useful to think of ownership and actual use—as in living there—as separate economic categories. Owning a property is the investment side of the equation, but living there is a form of consumption.
If a homeowner rents out their property, that income is taxed. But when they live in it, essentially renting it to themselves, it isn’t. And that is the major advantage to homeownership over other forms of asset ownership: Imputed rents aren’t usually taxed.
Combined with other tax incentives, the effective subsidy can be huge. A 2017 paper estimated that excess consumption of housing services in the euro area—the amount spent on housing, relative to what would likely be the case if it wasn’t encouraged by favorable taxation—is equal to 30% of homeowners’ holdings of financial assets across the entire bloc.
So finding a way to tax imputed rent, even if it means reaching a very conservative estimate of rental values, could reduce the disparity in treatment between asset classes.
There’s another side to the equation. If an investor wants to buy stocks, they can’t easily borrow many times their income at fixed interest rates to do so. Housing is a different story: In the U.S. the mortgage interest deduction reduces tax bills for borrowers, encouraging even more property investment.
I’m certain that’s off the table now anyway
chicagofinance says:
January 10, 2021 at 6:19 pm
Bans him from 2024 or ever again.
D-FENS says:
January 10, 2021 at 9:12 am
Impeachment is stupid. There is no way the trial can even begin until after January 20th anyway so what’s the point? Oh yeah I know…. “send in donations to the DNC now!”
There’s some good news on that front. Tax changes in 2017 reduced the total subsidy of that deduction by more than half. It now reaches fewer wealthy homeowners and could be reduced further.
That is all very well for relatively open markets like the U.S. The challenge in China is far greater. Restricted by capital controls from easily investing abroad, Chinese households have very few good options for parking their savings. 0pa-ue wealth-management products or the often casino-like stock market aren’t real alternatives to property for most people. And many believe the government will always act strongly if property prices really start to fall.
Governments need to tread very carefully, since property income forms a large portion of middle-class wealth. In some countries, China in particular, the allocation toward housing is overwhelming.
More adventurous suggestions include a tax on the value of land, to encourage more efficient use and to more reasonably share the uplift in values that owners typically receive through luck alone. But even without such big measures, there are many smaller ways to limit the overinvestment in property currently dragging on productivity.
There’s some good news on that front. Tax changes in 2017 reduced the total subsidy of that deduction by more than half. It now reaches fewer wealthy homeowners and could be reduced further.
That is all very well for relatively open markets like the U.S. The challenge in China is far greater. Restricted by capital controls from easily investing abroad, Chinese households have very few good options for parking their savings. Opaque wealth-management products or the often cas!no-like stock market aren’t real alternatives to property for most people. And many believe the government will always act strongly if property prices really start to fall.
Governments need to tread very carefully, since property income forms a large portion of middle-class wealth. In some countries, China in particular, the allocation toward housing is overwhelming.
More adventurous suggestions include a tax on the value of land, to encourage more efficient use and to more reasonably share the uplift in values that owners typically receive through luck alone. But even without such big measures, there are many smaller ways to limit the overinvestment in property currently dragging on productivity.
Wonderful…… it wasn’t the shooter’s fault you know….
Last night, Eric Heath, AVP for Safety and Security, and Michele Rasmussen, Dean of Students in the University, shared with our campus community the heartbreaking news that a current student at the University was shot and killed.
The student was Yiran Fan, a 30-year-old PhD student in a joint program of the Booth School of Business and the Kenneth C. Griffin Department of Economics. Yiran came from China to study in the United States, and he previously earned an MS degree from the University’s Financial Math program. He was in the fourth year of the Joint Program in Financial Economics, and was hoping to propose his dissertation later this year. His family in China has now been notified of this painful news, and University representatives are in contact to offer support as they mourn his death. The University will share more soon about Yiran’s life as well as memorial information once it is available.
I lived in this apartment building for a year.
https://chicagomaroon.com/article/2021/1/10/student-shot-killed-regents-park-parking-garage-2/
Okay 3b and quite frankly, it’s never personal with me.
Yes, I wish the Dems didn’t take the Trump bait. Yes, I wish the Dems weren’t nearly as bad. But they are at least talking unity. Trump is STILL playing his games. But I turned on FOX last night, and they are STILL defending Trump and his supporters. The excuses and lies continue. At least the Dems are talking about unity. The Republicans are either trying to separate themselves from Trump or trying to pick up the populism baton.
ChiFi,
That shooter was bonafide crazy. Took out 5 and shot 7. No motive whatsoever, as far as I know.
Oh,
And interesting take on the real estate investing and taxation. Sadly, I am way over weighted in real estate right now. Just two more years and I will try to sell my multi in earnest to fix that.
To me the bottom line is this: greed, violence and selfishness.
These are the real ills driving us down.
No party is completely exempt, neither is Big Corp, Wall Street, etc, and the bitter truth is: neither are most folks, myself included.
I don’t think these problems can be fixed politically or economically and definitely not militarily. Instead of being on (anti) social media looking for the enemy, people should be reading a book, or going bowling, or having a laugh with their friends at the local bar.
Lib: No argument from me on your last post, I agree. But I have no confidence in the unity talk. I hope I am wrong for the sake of the country especially the younger generations.
So I went into Chipotle yesterday and and the girl says “we are only doing mobile app orders or online”.
I was like, “I don’t have the app”.
She goes, “you can go on chipotle.com”.
I go, “are you going to make it for me the instant I order or am I on the back of the line?”.
She tells me I’d be at the back of the line.
The kid next to her goes, “you can do a phone order”.
I looked at him and say “I’m standing right in front of you, and you want me to call you right now on the phone to order?
He didn’t quite see the irony. I drove to the next strip mall and got Qdoba instead.
Americans have become nothing but whiners. Look at BRT complaining about how his snowflake feelings were insulted. STFU and do what the Chipotle worker says. You can live with a little inconvenience in your life – we are in the middle of a goddam pandemic.
Biden speech which throws gasoline on the fire of this country’s working class anger . . . 25th Amendment. Impeach Trump. The Capitol Riot was all Trump’s fault and was CERTAINLY NOT caused by working class anger against the Establishment wings of both major parties.
Biden speech which throws water on the fire and reduces political polarization . . . Trump is a bad man. He is a bad president. Nonetheless, I denounce any effort to remove him by the 25th Amendment. I denounce any effort to impeach him. I denounce the social media companies for de-platforming him and any of his followers. In two weeks, I will be President and we will all work together to heal this country. There will be a peaceful transition of power, we will close the Trump Chapter of US History, and I promise that I will never encourage my supporters to riot. Any one, of any political persuasion, who hurts a person or damages property as a form of political act, will be prosecuted fully as we do not accept political violence in the USA. Peaceful free speech is one of our nation’s highest ideals and it must be supported by all leaders of this nation.
Trump, Twiiter, and Parler . . .
Did Trump just absolutely fail forward, walk backwards blindfolded and step ankle-deep into money he wasn’t aiming for? With the major social networks de-platforming him and his followers, does he take a big stake in Parler or start his own social media network for the alt-right, hard right and such?
Twitter has a market cap of $40B. If he can get a conservative, no censorship social media network off the ground, how many $$$$ is that worth . . . ?
Oh man…things might still get interesting…apparently someone in the safe house location at the capitol building had coronavirus. Attending physician is recommending all get tested.
My true hope is that the attack on the capital is a turning point on our divisiveness.
Talking about the political situation with Gator tonight. My biggest obstacle to clarity of thought is my undying belief that all people mean good. I have this terrible habit of assuming that everyone really wants to do the right thing. I really am an internal optimist. Even when my son had a pretty good shot of dying, nurses and doctors would ask Gator how I could always maintain my positivity and optimism. As I prepared for the best, Gator was preparing for the worst. I even recall one very tough night where we really went to the mat and I straight up asked her what good is it to prepare yourself for the death of your child? What benefit does this provide. If god forbid it happens, you deal with it then. Doesn’t it make more sense to focus ALL of your energy on the recovery of your child? When I wasn’t around one nurse int the NICU asked if there was anything whatsoever that pissed me off. Gator told them, bad drivers. That’s it. So getting back to the original topic.
How does one coalesce a belief that everyone means good, but with the knowledge that the masses are asses? By the latter I mean, humans are so easily manipulated and tend not to think for themselves. It’s a tough nut to crack, but I have managed to open a lot of people’s eyes. All I ask of most people is for them to have an open mind and to try to think for themselves. You need not agree with me and I will respect differing opinions. But you better not be simply parroting what you heard someone on TV say.
I really do believe there is a center and that people naturally desire to compromise over differences. We simply need to stop blindly following our political leaders and need to hold them to task. Stop cheerleading corruption. Stop making excuses. When they are lying, don’t defend them. THINK FOR YOURSELVES. Oh, and be able to take a little criticism and admit when you are wrong.
It was a funny story jerk off. At least now I know who emailed me at work. Keep lurking. You add nothing to this board
Crushed, so the insurgency to destroy America is fine?
BRT, now that was supposed to be funny? I see.
You reek of white privilege.
“The Capitol Riot was all Trump’s fault and was CERTAINLY NOT caused by working class anger against the Establishment wings of both major parties”
Cough..Bull$h&t…it was all Trump flags. It was not middle class anger but hardcore cult members swallowing Q chum from Orange Adolph. Give it up.
Says the white guy to the minority
When we left off on Friday Leftwing was proud of the rioters who stormed the Capitol. Each day the news of what took place that day has become more detailed. Property damage, assaults on law enforcement including an office beaten to death with a fire extinguisher and other horrible acts perpetrated by the mob. Given all of the details since the event occurred, Leftwing are you still proud?
30 year – That many be Fake news, of course to cause more outrage.
Sicknick suffered a stroke during the riots. The Capitol police did not report he was beaten to death with a fire extinguisher, that is the Media Spin as usual. The rioters did spray them it the extinguisher chemicals however. There was a bunch of fighting and shoving as they broke the police lines. No video exists of him being beaten to death, his Union, his Chief, the Capitol Police and now his family, NONE said he was beaten to death with a fire extinguisher.
I am not trying to lessen his death in any way, but facts are important, when you are facing a manslaughter or murder charge.
All of the big outsourcers are pitching Parler with moderation programs this morning, similar to what’s in place at Facebook, TikTok, Twitter, Youtube, etc. Would require hundreds, if not thousands of moderators, and cost tens of millions of dollars a year. Let’s see if Parler has the financial backing to put a formal moderation program in place. Neither Apple nor Android are going to allow them back without a solid moderation plan. Facebook has roughly 20-25k paid moderators globally these days – that’s north of $600 million cost a year.
Impressive performance from the Governator – especially channeling Conan the Barbarian. Very nicely done, well spoken, clearly resonating with many from both sides.
Juice, here are the facts as reported today:
“Sicknick died “due to injuries sustained while on duty,” U.S. Capitol Police said in a statement. On Wednesday, he “was injured while physically engaging with protesters,” police said. He returned to his division office and collapsed, then was taken to a local hospital where he died around 9:30 p.m. Thursday.
Sicknick was hit in the head with a fire extinguisher, according to two law enforcement officials who spoke to the Associated Press.”
Source: USA Today
This wasn’t a heart attack by an out of shape mall-cop who was sprayed. The madness must end. It’s putting the nation at risk.
If the neo-confederacy continues to try to spark a civil war 2.0, foreign adversaries will use that as geo-political and natsec leverage (it’s already starting to happen). Step by step escalation could plausibly lead to WW3. Stakes couldn’t be higher.
Dead serious. This mass delusion and cult of personality is putting everyone’s future in danger.
FB also settled a case this year for $52 million to pay damages to former content moderators suffering from PTSD.
A woman I knew from California worked at Google, pre IPO days. Her job was to moderate the adult content, and handle investigations. She ended up depressed and suicidal.
Moderation is needed, and heck required by law. There should be no place on the internet for allot of stuff, too bad it is nearly unstoppable.
Ap – Read the family statements, they don’t want this politicized but it’s too late for that. I am not defending what happened, but truth is important here when you are facing a murder charge. He was not bludgeoned to death with a fire extinguisher. That is fake news.
Again he sent txt messages to his family Wed Night, after the riots.
“Sicknick had texted them Wednesday night to say that while he had been pepper-sprayed, he was in good spirits.”
““He texted me last night and said, ‘I got pepper-sprayed twice,’ and he was in good shape,” said Ken Sicknick, his brother, as the family drove toward Washington. “Apparently he collapsed in the Capitol and they resuscitated him using CPR.”
But the day after that text exchange, the family got word that Brian Sicknick had a blood clot and had had a stroke; a ventilator was keeping him alive.
“We weren’t expecting it,” his brother said.
https://www.propublica.org/article/officer-brian-sicknick-capitol
Juice: “He was not bludgeoned to death with a fire extinguisher. That is fake news”
Do you have specific information that contradicts the USA Today reporting today? Calling it fake new implies certainty.
Parler moderation cost takes a an area with basically zero barrier to entry and thows up a pretty high barrier to entry, futher ensuring twitter’s dominance.
BRT – time for you to reflect on your sorry state of arrogance. POS!
I don’t think it matters if anyone died and how. What matters is that a group of Trump supporters were incited by their president to storm the Capital Building in an attempt to disrupt the certification of the election results. Everything else is inconsequential, as emotional as it is.
As usual, Trump’s failwish again comes true.
Seriously, I’m not sure how anyone is surprised. As this is a person who threatened to withhold aid from the Ukraine if they didn’t investigate his opponents son. This is a President who lies with such regularity, that it makes it difficult to believe anything he says. And now, the request to find fraudulent votes in Georgia results as well as asking Pence to not certify the results?
Not only do these actions deserve the consequences he is now suffering, but if he had an ounce of sanity, he would step down to protect what is left of his brand. I do not question Trump’s devotion anymore. I question his sanity. He never was fit to serve and he has clearly proved this.
Lets all hope that the Democrats do as they say. I doubt they will.
crushednjmillenial – if Trump starts his own social media channel, it will be worth nothing more than to have guys like you jac7off. It’ll also be a good honeypot for catching sociopaths.
AP- draw your own conclusions. The statement from the Capitol Police would have said so, it does not and the others quoted are anonymous hearsay. There are cameras everywhere, whatever happened during the “insurrection” will all come out later after things die down. Every blow will be counted and analyzed for a criminal charge, every cellphone GPS will be traced, every one of those people will be facing 10 years for just stepping foot on the bottom step of the Capitol. Many more will be facing 20 + years in jail. Two dead police, and a few other people that attended that day were in bad heath died two, the woman was killed by police and that also is being investigated.
Was it worth it? Some may say if it ends Trumpism then yes.
“Neither Apple nor Android are going to allow them back without a solid moderation plan.”
Yet both, especially Android, need some moderation and control of themselves.
Facebook really has no room to talk as it has incited many things long before this.
Encryption will be the key. The govt is trying to fight it. Encrypted cell phones are purchased by the wealthiest people. It helps them prevent a conviction of insider trading.
I want my MTV!
Why he kill himself?
New York Daily News: Off-duty Capitol Police officer dies in apparent suicide.
https://www.nydailynews.com/news/national/ny-us-capitol-police-officer-dies-howard-liebengood-20210110-6ifirzniwjgmdeavhacbx3obuq-story.html
Didn’t Orange Turd that does not flush down, issue an executive order last year – 10 years minimum for desecrating Govt. buildings?
Can’t wait for sanity to take over this country.
Lib- re: “Lets all hope that the Democrats do as they say. I doubt they will.”
Impeach and Senate Trial will not happen in nine days, at that point no matter what he will be “Former President”, and even then they still do not have the 67 votes to convict.
As far as criminal charges. Under the Supreme Court’s First Amendment precedents, inflammatory speech can be punished only in narrowly defined circumstances, “incitement to riot” does not include “advocacy of ideas” or “expression of belief” unless it endorses violence, which Trump did not do. His surrogates? Rudy said “Trial by Combat”, still maybe not enough to get a conviction of ole Rudy.
Blah Blah Blah Blah. Now to the meat and potatoes.
Welcome To China. Where every step is tracked. Your children’s turd this morning will be monitored. You will receive a ticket in the mail for jaywalking along with a public smearing. Emperor Biden will tell you what you can do or not do.
The result of things like this are more and more oppression. Until you are no longer the free country you bragged about being. Good job boomer, you screwed the pooch for your children.
AP- draw your own conclusions. The statement from the Capitol Police would have said so, it does not and the others quoted are anonymous hearsay. There are cameras everywhere, whatever happened during the “insurrection” will all come out later after things die down. Every blow will be counted and analyzed for a criminal charge, every cellphone GPS will be traced, every one of those people will be facing 10 years for just stepping foot on the bottom step of the Capitol. Many more will be facing 20 + years in jail. Two dead police, and a few other people that attended that day were in bad heath died two, the woman was killed by police and that also is being investigated
“Can’t wait for sanity to take over this country.”
You missed the sanity train, it has left the station.
I want my MTV!
When it was just music and there was free speech, but no Twitter, Google, Facebook. When you could toilet paper a house without being caught on a Ring camera.
When you could park at the end of the block with a girl without Karen calling the police about a suspicious car.
Boomer killed all of this off. Along with outsourcing all manufacturing. It’s for the shareholders.
Why he kill himself?
When he got home after his 30 hour shift, he found out his wife was tapping the neighbor, that she wanted a divorce, that she was taking the kids, his house, his pension and his dog. All 100% legal in America.
Well, that’s just a hypothesis.
Phoenix, we are trying to bump you and others like you off the insanity train. It’s happening. 9 more days.
“Pinduoduo, an online deals platform responsible for minting the country’s second-richest man, has become a lightning rod for public anger over the grueling hours common in China’s tech industry — known as the “996” work culture, it is an expectation to work from 9 a.m. to 9 p.m., six days a week.”
Now the best part. “Profound Sadness.” Hahaaha. Sure, they are so sad and really care.
Just throw another rat on the treadmill and crank up the speed. Yeah this is going to be your kid’s future in America as well, those shareholders like pumpy would love it. Eff em, right?
“The company said it had sent a team to Changsha and expressed its “profound sadness” over Tan’s death.”
Those ARK ETFs are behaving like a triple inverse ETF today. Will be fun to watch them when this bull market ends.
Rent,
It appears you have taken the Blue pill. Enjoy your trip.
Will be fun to watch them when this bull market ends.
What’s gonna happen?
Remember my Parler warnings? You know, where you had to confirm your email AND PHONE NUMBER to get an account? If you went on Wednesday, there’s no hiding.
Told you all it was a scam.
Phoenix – re:”Facebook really has no room to talk as it has incited many things long before this.”
Yup this time around too, online dissent on FB and Twitter moved into the offline world.
Last time they had that much of an impact on Politics was the Arab spring. Egypt fell too, so they cut off access to the internet, but that did not work completely. It seems internet was still partially up. Some say our spies dropped a few “internet in a briefcase” devices with Sat internet connections around town to keep FB, WhatsApp, Twitter etc up and running.
ARK Future. Find pumpy now.
https://youtu.be/RC87qKT__uM?t=31
Re Paler: Breaking. To be confirmed.
“Whilst scrambling to keep operational as various server providers pulled Parler from their services the admins left open a security loophole that allowed hackers to create administration accounts. They used this to create MILLIONS of admin accounts and to start downloading all of the data that Parler had stored. Amongst this data, discussions planning to attack the US Capitol from verified users (with pictures of their drivers licences etc. ), GPS data, photos with EXIF data.”
Re investments. I’m very conservative in this regard. My favorite investment is being debt free.
Phoenix,
Most of the companies in these ETFs don’t turn a profit during the current good times. How do you think they’ll do in the bad times? Earnings drive stock price, usually in near perfect lockstep. Investors are also many times more willing to speculate when doing well. In times of despair, they always return to the tried and true names. I’ve been investing for too long. My dad and I use to watch the tickers go by on the TV back in the early 80s. His first great investment was Commodore during the VIC-20 craze.
Pumps’ investing style is destined to fail because he is still living the dream of make believe financial advisor. All he knows is the flavor of the month.
I’ve been asked by a lot of people to manage their money. I always say no! I don’t need that headache. I sleep well at night knowing how to manage risk. It’s why I am in two investment clubs. One I am President of another which I will be next year. It is much better to teach a man to fish then it is to provide him with less fish than he could catch on his own as you take your commission. Plus, less to worry about when the market turns on you.
Paler hack. Info to be confirmed. Sharing for visibility and can’t confirm from reliable sources yet.
“All of this data, the videos, the images, the posts, the metadata (including the GEO location of all images and videos, and the connections to the accounts that posted it, has been (since midnight) being uploaded to various cloud drives and storage arrays for the purposes of Archiving this information, for later retrieval by law enforcement, by the public, by Open Source Intelligence communities.
And the kicker.. is this: all of this information was thought to be secure and private by individuals who were making the posts. A significant number of those individuals went through the process of being a “Verified Citizen” on Parler. What does that mean?
It means they uploaded a picture of the front and back of their REAL State Driver’s License…….. Let that sink in for a second.”
The masses are asses.
Repeat after me.
Chi, re MTV. I remember the first time I saw Sledgehammer, by Peter Gabriel as a kid. Mind blown.
Another one: 3am Eternal, by the KLF.
Why did he kill himself?
Start with this.
https://twitter.com/kelly2277/status/1348394949713289219
Ginni Thomas is having a chat with the Feds today. This is all going to come out. Who organized, who paid and what laws were broken.
Sounds like the work of Anonymous.0
Lib,
The Parler sign ups are worse. You could sign up to be a “Verified Citizen” with a post of your drivers license.
https://twitter.com/AlexLawdontplay/status/1348632829639405568
Parler is dead. Even if Grim sells them moderation, no one is going to want to host them. There were threats to burn down the AWS DCs. That has a lot of companies revisiting Disaster plans.
Video Killed the Radio Star.
Here is an interesting take on the protests.
https://twitter.com/TerryBoutonHist/status/1348365375449268226
The Country Club GOP comments resonate a lot. I have a lot of GOP friends who are acting this way.
Nah – The CIA does not do investigations of domestic activities they aren’t allowed.
Parler lost their 2FA and txt message verification process when TWILIO cut services. A few API calls and the “hacktivists” are downloading all the content. The Admin accounts with super user access that were created are a breach issue with legal ramifications.
Going on Social Media and the press and bragging about it? Not such a smart idea. There may be some internet crimes here.
Some of the information taken like drivers licenses, videos and gps coordinates etc? The FBI cannot use it, they have to go out and get a subpoena and do it legally, which Amazon will gladly give them access to if done legally. Putting it up on the “internet archive”? Those folks don’t want trouble that is for sure. Doxxing is totally illegal under many state criminal laws.
You might think you are doing a service by perhaps committing crimes in the name of some Justice but you might now need a lawyer too.
https://twitter.com/donk_enby
Lib, who’s worth the most? Companies that lose money.
https://www.youtube.com/watch?v=BzAdXyPYKQo
“Apps that integrate AWS’s wide array of services cannot be easily transposed onto a different hosting environment, Quinn said.” migrating a large product off AWS can take months of staging and possibly years to execute.
Well, kind of unrelated, but looks like once you use an AWS product you are stuck with them. Guess that’s one way to keep your customer hostage and provide yourself with revenue for long periods of time.
Bezos is like a tick, you pull off the body but the head is still stuck inside your body.
Phoenix – you win a prize today, the term is called Vendor lock-in.
re: “Guess that’s one way to keep your customer hostage and provide yourself with revenue for long periods of time.”
Juice if I punch someone in the head and the collapse and die the next day I’m still on the hook for the manslaughter.
I see a lot of “Well it was bad, BUT …” from you and many others. As more information comes out that position is going to become more untenable.
I don’t think we will see leftwing for a while. I jarred him really bad with the realization of his views. Hopefully there is some positive self reflection there.
Vendor lock is a yes and a no. It depends on how it was built and how cloud native you went. That said you will have to pay to get your data back.
https://twitter.com/HC_Richardson/status/1348672304654536706
“Pelosi tried to give Republicans cover to do the right thing by making it unanimous, and Mooney wanted his colleagues on the record. Mooney is a true loyalist, and wants to force Republicans to take a stand behind Trump. This is extreme partisanship, but not on Pelosi’s part.”
One main reason to impeach is to put the ones that dont vote for it on record. It also removes Donnies pension and protection detail. Perhaps the biggest is that it will invalidate any pardons he gives out.
Fab – I am merely stating it has been reported that he was bludgeoned to death with a fire extinguisher in some corners of the internet.
Many actors are inflaming things, there should be some adults in the room to calm things down.
For example posting on the internet that the officer committed suicide because he was an inside man and doesn’t want to be held accountable is wrong and you know it.
Leveraging any api heavy service-based cloud infra is going to have tremendous lock in.
A simple use case like twilio 2fa is easier to transition away from, but it’s very much case by case.
gab seeing 10000 new users an hour
https://www.bizpacreview.com/2021/01/10/gab-or-parler-ceo-says-platform-is-gaining-10000-users-per-hour-here-is-an-update-1014669/
They went through this a year ago and now host their own servers.
Cloud mobility has been solved from an architecture perspective. But it’s more expensive and the skills needed to build and run are harder to come by. You need folks with knowledge of all the underlying compute. Even with Kubernetes.
But you can make a lot of money doing it. I can tell you that for sure.
BRIEF-Parler Sues Amazon For Antitrust Violation, Breach Of Contract And Unlawful Business Interference – Hill Reporter Tweet
https://www.reuters.com/article/brief-parler-sues-amazon-for-antitrust-v/brief-parler-sues-amazon-for-antitrust-violation-breach-of-contract-and-unlawful-business-interference-hill-reporter-tweet-idUSFWN2JM1F7
The could just all move to WeChat. Tim Cook and Sundar Pichai won’t ban WeChat.
Ant1fa attacks female reporter in NYC and attacking people in Southern Cal:
https://youtu.be/pQ3JatxBzSg
I have worked with many companies that use a multi-cloud strategy but this is usually for just bare metal infrastructure hosting, think Equinix or Rackspace cages. Some more complex designs mix and match SaaS and IaaS cloud services across vendors AWS, Azure and GCP.
Heck I even worked with a hosting company in Tibet. China just built a 4 million sq ft data center at 16,000 ft in the mountains part of their Belt and Road Initiative, these data centers are popping up all over the place. American companies have competition that is for sure.
Fast Eddie,
Silly string?
Juice, he took a fire extingusher to the head and died and youre getting caught up in Sematics?
Here is another use of the word. You can focus on the headline, I’ll focus on the guy using the stars and stripes as a spear.
As for the suicide, I’m not speculating if it was a jump or a push. Maybe the last name is just a coincidence and he is not linked back to that group. Time will tell.
Forgot the link.
https://www.news.com.au/world/north-america/us-politics/police-bludgeoned-with-flags-by-protrump-mob-storming-capitol/news-story/069c689cc738f6af49e51bf401ff833e
BRT,
The sad thing is that it is so true. My BIL absolutely loves Shark Tank. I burst his bubble when I explained that none of these businesses are there to get capital. Every single one of them is there for the free promotional infomercial. The Sharks themselves love being on the camera and the right off’s it allows them. What does a person with 200 million dollars care about a cookie pop baker or another yoga pants Lululem0n copycat. And really. Most of the companies presenting there have between 100K and about 500K already invested in them. What is a loan for 50K or 100K more going to really do them? And in many cases, they have to give up 25% of their company to get it. The show would be much more interesting if instead of Sharks, they allowed small time retail investors to invest in the companies, like kickstarter.
Can’t we all just condemn political violence and rioting…no matter what side of the political spectrum does it?….because they both are.
NJ Representative Bonnie Watson Coleman diagnosed with Coronavirus after Capitol Riots.
Hunkering down together may have been a superspreader event…someone had the virus.
Murphy was bragging today about opening the first of 2 mega centers which he hopes will allow 2K injections per day. When the second one opens, those two centers will speed things up so greatly that it will take 25,000 days to inoculate the state. That’s a mere 68 years. Wasn’t his plan to open 7 of them in total. So what’s that? About 20 years? Yeah, Murphy is the worst Governor in NJ history.
D-FENS – Weren’t they vaccinated on Dec 21st along with AOC?
Silly string?
They hit her with eggs and were beginning to close in on her. But, it’s okay for a bunch of guys to swarm a woman regardless of political affiliation as long as it makes your point. Right? I said, right?
I’m taking bets… what will be the first major point of discussion by the media once O’Biden takes office?
My Gawwwd it’s full of stars .
Only got their first dose
Juice Box says:
January 11, 2021 at 1:46 pm
D-FENS – Weren’t they vaccinated on Dec 21st along with AOC?
Trump’s failed loans and left-over crimes will be the major discussion topics. There will be a lot of witness accounts that wait 1/20. These accounts will fill a lot of weeks’ agendas.
In the meantime the stimulus, vaccine plannning (and lack-of), negotiation to porky spending bills and such may be discussed silently.
DFENS – News said “She previously received the first dose of the Pfizer/BioNTech COVID19 vaccine”
Interestingly enough Pelosi did not show up today, actually most congress critters weren’t there either. I gather the article of impeachment, not that big of a deal in reality, just more all Political theatrics. Pence you do the 25th amendment because we are on vacation and cannot be bothered to be back in Washington DC even if Trump is the greatest threat to our democracy since the civil war.
The adjourned and went home Friday for this entire week and aren’t supposed to be back until Inauguration Day .
https://www.majorityleader.gov/sites/democraticwhip.house.gov/files/2021CALENDAR.pdf
I’m making the call today……. somewhere over the summer, AOC is going to dump her gringo boyfriend and go full tilt after the best Nuyorican in her backyard…… moneybags Frankie Lindor.
Oh dear, I see Fatso Traitor posting away. Hey constipated randian, this is what a patriot looks like
https://youtu.be/vAWvl-g_6rg
BTW, anyone notice how corporate America’s big boy are stopping campaign donations to the fascist lovers. They realize that if nitwits like Fatso Ed run the country is way O V E R.
2:28 Lindor, heir to the Lindor truffle fortune has a degree in Comparative Literature from the Sorbonne.
Did anyone see Carmella’s Vogue cover shoot? Lockstep with the Oblammys… these types love the celebrity status. It’s all about images and anything to keep the lower masses on their side. How beautiful is it that the media does the dirty work in exchange for government protection? This is the quintessential definition of maf1a protection. Classical Americans try to fight back and are squelched by the media mob and government accomplices.
Everyone here misrepresents Ayn Rand’s ideas, and even more, misrepresents her politics. This isn’t a philosophy site, and those of you throwing around her name pro or con your political beliefs do so without a serious basis of understanding of her philosophical approach. I studied philosophy, including hers, seriously and for many years, and fortunately decided not to make a career out of it.
Still, this article from the Ayn Rand institute in 2017 makes a credible effort of speculating how she would react given her ideals. It’s pretty close to my reaction to Trump in the Republican primaries, when he was the nominee I disliked the most.
https://ari.aynrand.org/the-anti-intellectuality-of-donald-trump-why-ayn-rand-would-have-despised-a-president-trump/
I jarred him really bad
haha
Let’s dig deeper: 40%-50% of most stocks in the S&P 500 are owned by index funds. These funds rarely get money taken out because it’s how people are taught to save from a very early age. So the brain-dead shareholder base – excuse me – but the brain-dead shareholder base continues to become a bigger and bigger part of companies’ ownership.
On top of that, you have companies with voracious appetites for their own stock because they don’t have a lot of growth opportunities. All right. Fair enough. What’s left? Not much. So if buyers come in like the new 17 million strong Merry Men of Robinhood and millions of others like them, then there just isn’t enough stock to go around. There just isn’t. So you blow through levels, blow through levels, blow through levels. Of course, it’s more biased up to the upside.
Now, let’s say that your company doesn’t do the things I just mentioned here. What if you work at a company that is one of the rare losers, even with massive unemployment? Well, the S&P 500 guys kick you out and put in better companies. How do you miss? In that scenario shouldn’t we be asking, why isn’t the market up even more, given how low interest rates are? Despite the … selloff in bonds. Isn’t that what we have to be thinking about in 2021? It’s a scary thought. No one wants to get caught saying it because then it gets played back in YouTube. But I think it’s what we have to think about.
https://apple.news/AxBK3qGvdSdaTuahDkcTg5g
Libturd says:
January 11, 2021 at 9:52 am
Those ARK ETFs are behaving like a triple inverse ETF today. Will be fun to watch them when this bull market ends
He’s right.
He is also right about this.
“And also, if you don’t own stocks, you may be a sucker. That’s the sucker position, That’s the sucker position, not in stocks like we keep hearing, but out of stocks.”
Lib,
The economy already busted. It’s already starting the new cycle that might last this entire decade. Innovation comes most rapidly at these times. I truly believe we are in a special time for innovation. 15 years from now, you most likely will not have the same opportunities being presented as you are seeing now. ARK works for this time period. It’s jump now, or miss the boat. They are going to see fantastic gains this decade.
If you don’t have the stomach for disruptive innovation, don’t play it. Not for the faint of heart. If you have balls, and not worried about swings, just keep your eye on the long term prize. This woman changed the game. There will never be another like her. She is the Warren Buffett of the modern innovative market. Buffett’s value investing model doesn’t work right now. You have to understand when the game has changed. Right now, it’s all about the idea and disruptive tech, not about how much sales increased this quarter.
Value investing will come back, but right now, not touching it. Not the time or place for it.
At the end of the day, think of ARK as value investing in volatile disruptive tech field. Understand the formula she came up with, works and it works really well. She understands when it’s an undervalued disruptive tech play. She is the best at it, and I’m going to pay the .075 to jump on board. I’m not beating her. Not right now.
“This isn’t a philosophy site, and those of you throwing around her name pro or con your political beliefs do so without a serious basis of understanding of her philosophical approach.”
I hope you’re excluding me from this group because everything I said is backed up and I too studied Philosophy for years and continue to this day.
Will read the Trump article with great interest.
Juice,
I denounced the BLM riots and I denounce the Trump dick smokers riots.
It is ironic that Apple and Google are more willing to stand up for China’s top propaganda machines than Parler, which in my observation is about 50% Trump dick smokers and 50% regular people who are looking for non-censoring social media. Has Twitter or Facebook ever banned anyone for using the slogan “eat the rich”? Because that clearly is advocating cannibalism of a minority group, and it sadly is very popular with the newest wave of leftists who are still posting.
“Did anyone see Carmella’s Vogue cover shoot?”
Did you see that Dear Leader threw a fit because Milena didn’t get one? Celebrity culture has no political party.
We are rational beings, who are capable of choosing a logical course in life and who should be pursing our own individual happiness.
Unless we are ready to radically rethink our culture’s fundamental ideas, with the same intensity of thought our Founding Fathers exerted in rethinking government, our long-term trajectory is set and will play out. But the choice is ours — this is the message of Atlas Shrugged.
So, tell me… what are our culture’s fundamental ideas?
AP,
Not to get too technical for you, but you’re a fuxk1ng moron who has already demonstrated a willingness to purposefully misrepresent Rand’s philosophy.
So I’m not engaging you in discussion because I already know you either can’t think, or you willfully lie, making further discussion with you superfluous in either case.
Did you see that Dear Leader threw a fit because Milena didn’t get one?
She was born to grace the covers of magazines. The radicals denied her because of her husband. You know, the tolerant left.
So, tell me… what are our culture’s fundamental ideas?
That question is for everyone and anyone.
Help! Vogue Magazine us suppressing my first amendment rights!
Define “our culture” for clarity and so we are starting from the same priors.
“Not to get too technical for you, but you’re a fuxk1ng moron who has already demonstrated a willingness to purposefully misrepresent Rand’s philosophy.”
This is both false and a demonstration that you are the one that has no depth. You cannot get technical. Certainly hasn’t shown that ability at any point. So please go on. Give it a try.
You won’t…
Cuomo is begging Austerity Joe for a bailout. I can imagine the bailout legislation coming will be packed. What’s a few more trillion amongt friends?
Cuomo needs 15 Billion this year alone and needs it now! That does not include NYC!
““To close our $15 billion budget gap on our own, it would require extraordinary and negative measures. Imagine this: if we raise taxes to the highest income tax rate in the nation on all income over $1 million; billionaires, multi-millionaires, millionaires, any income over one million dollars, we would raise only $1.5 billion,” the governor said Monday.”
Gov Murphy won’t be outdone either, he will be going for at least 10 Billion.
https://nypost.com/2021/01/11/cuomo-puts-pressure-on-biden-to-deliver-billions-in-ny-aid/
Fast, since you posted a rational argument/question I will respond with pleasure although I’m not sure if you mean “Western Civilization” or US culture specifically.
“Finally with a simple majority vote the Senate can forbid him from becoming President again.”
So the solution to a few hundred people attempting to upend the will of the populace on January 6 is to have a few hundred people on January 21 pr0scribe that tens of millions cannot vote as desired should they freely choose to do so?
We have truly passed into the dangerously absurd.
Shall we impeach Hillary Clinton to ensure she will never become involved in federal politics again? Bernie Sanders? Ted Cruz? Please let me know where the line is drawn and most importantly who is wielding that marker.
US culture
It is pathetic that there are some who want to legitimize the terrorist activities last week. Just P-A-T-H-E-T-I-C!
Lets talk about how to hold the deplorable terrorists all accountable. Let’s talk about the guys still on the FBI list. If you are one of them – sorry, but it may be better to just give yourself up.
But no, we are not moving forward as a country or having a discussion about what the discussion point would be the first week of Biden’s office, until we find out every criminal part of this breach.
Juice, we could just sell a few aircraft carriers to the Chinese.
Or all of the oxygen, water, and mineral rights of future American children.
O-rent-lord 🙏 won’t you buy me a Mercedes Benz.
re: ““Finally with a simple majority vote the Senate can forbid him from becoming President again.””
Nope it’s 67 votes to convict. The Constitution requires a two-thirds supermajority to convict a person being impeached, they want the quick and easy 25th amendment, the long slog in a trial could take a while, well past Jan 2oth.
Also in there “Article II, Section 4, by its terms, limits impeachment to current office holders, The President, Vice President and all civil Officers of the United States”
Nowhere does it say former president.
“value investing in volatile disruptive tech”
Pumps. My last post and then you are back on ignore. I looked at the holdings in her disruptive technologies. She got her index doubling gains almost entirely from being in those few stocks that are currently being overvalued by the risk takers. Tesla, Smart, Plug (ha ha) etc. The rest of the holdings haven’t done sh1t nor will they ever. It’s like Buffet. He made almost ALL of his index beating returns on a smart bet on one company (GEICO). A very smart bet, because insurers never lose. Once his fund got gigantic, he was then able to get favorable terms that no one else could, take on risks that others couldn’t, etc. You see, you are falling for marketing. I give the ARK founder for being at the right place at the right time. That is, at the start of the longest bull market in the history of the market where tech (what you call disruptors) has been by far the leading sector. But you are ignoring that she had not managed her funds through a real correction. I see her focus on marketing herself as what you are buying in the fund and not necessarily a particular strategy. This is a recipe for disaster. Trust me. What worked yesterday, often won’t work tomorrow. At some point, a Tesla is going to become a WorldCom and the entire playing field is going to change overnight.
Fast, I would venture that what defines US culture are individualism, the pursuit of material progress, equality (equal justice, etc, not economic equality) and very importantly: freedom of religion.
Of course there’s more to be said about this. But I think this is a fair stab at it.
Juice,
Have you forgotten that impeachment is only the portion of the process that takes place in the House? That will be completed while Trump is still in office. As far as I know there is no reason the trial cannot move forward in the Senate after Trump has left office.
Sorry for the sloppy grammar. I’m participating in a meeting while responding.
I would venture that what defines US culture are individualism, the pursuit of material progress, equality (equal justice, etc, not economic equality) and very importantly: freedom of religion.
Perhaps the pursuit of material progress and equal justice is common to both sides. Individualism? The left doesn’t believe in it. And religion, too. The left could care less about religion or at the very least, despise those who do.
The left is great with religion. The left does not try to impose their religious beliefs on everyone through laws like the right does. No cakes for gays. Morning prayer in schools. Oh yeah, abortion.
Libturd,
Good comment on Ark. Poor punkin going to waste his hard earned money on that. So much kool-ade pumping.
Pumps is a good barometer for this. Suggests it is getting to the later stages.
30 year? “no there is no reason the trial cannot move forward”
How about skip reason and go for lack of precedent and a supreme court challenge.
Read the language it is intended for a sitting President etc next week he is Former.
Lib,
You are a fantastic investor. I respect what you have done.
That being said, I don’t think you are seeing this clearly. Unbiased hate for her and her fund. Read this over. Then give an open thought to it, that maybe she is really good at what she does. An anomaly.
“The logic behind this is simple. Disruptive innovation is by definition hard to predict with accuracy. The market can struggle to estimate the total addressable market of a new technology or for how long a company can sustain its growth and market share gains.
In this context, ARK’s funds have been specifically focused on companies that are pushing boundaries in their respective fields and have a ton of optionality. This selection process has an important impact on time horizon, with holding periods of several years required to see a bullish thesis materialize. Are they all winners? Certainly not. But the companies that deliver on their premise are driving a portfolio performance above and beyond what any investor could dream of.”
“ Bottom Line
Cathie Wood has proven naysayers wrong time and time again. ARK’s performance is not simply a result of a fantastic bottom up picking approach, with companies representing the disruptive innovation of our generation. It’s also a truly remarkable top down strategy focused on the secular growth stories of our time.
ARK’s unusually long time horizon and willingness to hold onto its highest convictions for years has enabled these funds to outperform the competition on Wall Street.
Given that ARK’s ideas are focused on a multi-year time horizon, its top holdings should be on any investor’s radar as a fantastic pool of stock ideas. Whether you invest directly in these ETFs or use the top holdings as a source of inspiration for your own portfolio, I don’t think you can go wrong here.”
https://seekingalpha.com/article/4370415-3-important-things-learned-reviewing-arks-etfs
She is not a short term thinker. She is long term, and very very good at seeing what will change and be adopted. Does she hit them all, no, but damn, she consistently knocks it out of the park. Hope rest of wall st starts taking a long term approach to profits as she does.
Remember, they laughed at her when she started her funds. Totally, laughed at her.
The best, when they would invite her on shows to mock her Tesla call. Well, who is laughing now. She absolutely nailed it.
Fast, personally I embrace pragmatism. Mostly a centrist, but actually utterly over left/right binary.
I reject violence, greed (which I define as not knowing when enough is enough, similar to gluttony) and when individualism goes overboard and turns into egotism and selfishness.
Some people are visionaries, and some are not. She is a visionary..
No One, back to your comfort zone? What’s wrong? Don’t want to come out and use big boy words? Ah but this is not a philosophy site, right…
I hope Biden succeeds for the good of his country, but every time I watch the news reports from the 80 s when he was running for President, I shake my head and say is this the best the Dems could offer? Plagiarism in law school, lying about his academic credentials, lying about graduating at the top of his law school class, and stealing the words of RFK, JFK and British Labor Party Leader Neil Kinnock. Ironically apparently it was The NY Times who broke the story. Perhaps he has changed, perhaps not. I will give him the benefit of the doubt.
Phoenix – To say that we are turning into China is wishful thinking. The Chinese are mostly hard working people unlike Americans who are increasingly turning into entitled brats. Just look at Fast Eddie as an example.
That said, big tech always had the same rules for p0rn and vi0lence. They just decided enough is enough before enforcing it. You can’t let the ship you are in sink.
NJ COVID bailout details released, easily searchable by name and municipality.
https://www.nj.com/coronavirus/2021/01/for-first-time-ever-search-and-find-every-nj-business-that-got-covid-relief-cash.html
Somehow, a real agent I bought a home from then hired to sell it got cash.
At least a few small business involving regulars on this blog picked up taxpayer funds.
Let me add the agent got the $$ in her own name.
Rent: Eddie May be an arch conservative , but I don’t know how you can call him entitled.
He’s entitled
To his own opinion
3b – I’ve been on this site for 10 years now, and know a thing or two about some d1ckheads here.
New Jersey and you dysfunctional together.
At “mega” vaccination facility ONLY a total of 80 appointments allowed a day.
https://www.nj.com/opinion/2021/01/at-80-shots-for-nj-mega-site-vaccinations-will-take-forever-letters.html
What on earth did Ron Paul do that they had to lock him out of his Facebook account?
Yo! Nice find, we are in round two now of PPP. Expect the 2nd tier fraudsters to be climbing out of the woodwork. I noticed the lawyers got a half billion. Start looking there….then wait for the Biden Bailout Bonanza because it’s going to rain Benjamins.
Juice, GS is up 50% since November 3rd. There is only one other time that Goldman Sachs’ stock has risen this much, this fast. Want to guess when that was?
Rent: not looking to cause an argument, just don’t think entitled is a term for Fast, perhaps it’s how you or I are defining entitled.
Skool me Lib as I am a shareholder….and I know it ain’t Mary Jane investments or crypto.
Phoenix – you think she enjoyed dropping a dime?
https://people.com/crime/capitol-rioter-spotted-chamber-zip-ties-arrested-ex-wife-calls-fbi/
November 3rd 2008 through January 2009.
Thanks Lib when Barry O took office, yes Wall St the fix was in.
When did the stock market overall make the turn, it was March 2009 when we hit DOW 6726 and Barry said it was good time to buy.
Different dynamic then, Powell got out in-front of it this time, and well back then Bernanke was reading from his own script but could not sell it, Helicopters etc.
How much higher? There has to be a rotation, tech is not the end all be all, I pick Green Stocks.
Clearly, Ron Paul is a nazi
The Trump brand is dead.
Hashtag: LockHimUp
The gravy seals and meal team 6 are here.
“The PGA of America will strip Donald Trump of the 2022 PGA Championship, which is scheduled to be held at Trump National Bedminster golf club in New Jersey.”
These tournaments are often not worth the bother for some country clubs. What isn’t reported is that, at least in times past, clubs with memberships in control would sometimes decline a PGA or USGA event because it was considered too disruptive.
While I suspect that changed, I don’t know of anyone who would join a certain club because it hosted a PGA event.
Kyle Griffin
@kylegriffin1
New England Patriots coach Bill Belichick has turned down Trump’s invitation to receive the Presidential Medal of Freedom in the wake of the riots last week at the U.S. Capitol.
Hey Pumps: you think I make this sh!t up?
“…..Indeed, one fund manager who later stumbled blamed the difficulty of deploying the extra cash for his poor results……”
Warren Buffett’s Latest Challenger Will Fizzle Like the Rest
Cathie Wood has ridden stocks like Tesla to stardom, but funds like ARK Innovation ETF are best avoided after they get hot
By Spencer Jakab
Variations on the “Buffett is done” theme have been around since at least the tech bubble, while the cult of star mutual-fund managers goes back to the 1960s. Such commentators have eventually eaten their words.
Not that Ms. Wood’s performance is anything to sneeze at. Her largest exchange-traded fund, the ARK Innovation ETF, surged by almost 160% last year, growing assets 10-fold—unprecedented inflows for an active fund of that type. She made concentrated bets on hot stocks such as Tesla, Roku, Square and biotechs boosted by the Covid-19 pandemic. An ARK Invest spokesperson wouldn’t elaborate, but Ms. Wood told an interviewer last month that she expects to nearly triple unit holders’ money over the next five years.
That is unlikely. In fact, similar star managers’ performance has tended not only to be mean-reverting but actually worse-than-average after their runs end. Bill Miller, who famously beat the S&P 500 from 1991 through 2005, drawing huge inflows into Legg Mason Value Trust, spent the next few years as one of the worst fund managers in the country.
Comeuppances are especially harsh when a manager has ridden a hot category as Ms. Wood’s firm has done. The fate of mutual-fund firm Janus is instructive: Between the end of 1998 and the end of March 2000, it went from being the 20th largest mutual-fund firm to the fifth largest—an incredibly rapid ascent. It bet big on tech highfliers such as Cisco Systems and AOL. As the bubble burst, some of its funds lost two-thirds or more of their value.
Fund managers are often compared with dart-throwing monkeys. That might be too flattering for those who get the most attention. Hot funds’ performance is often worse than random on the downside. A regularly updated study on the persistence of investor performance from S&P Dow Jones Indices shows that just 0.18% of domestic equity funds in the top quartile of performance in 2015 maintained that through each of the next four years—less than half what one would have expected by pure chance. And of course most actively managed funds lag behind the index to which they are benchmarked because of fees and taxes.
This explains the amazing rise of index funds. It is mainly the supposed existence of stars such as Ms. Wood that has staved off an even bigger exodus from actively managed funds. Studies have shown, though, that actual stock-picking skill is very rare and is only provable after decades—the sort of record that Mr. Buffett has established.
An academic study by Jerry Parwada and Eric Tan that examined the Morningstar Fund Managers of the Year between 1995 and 2012 showed that winners got big inflows but that their future performance was unremarkable. Indeed, one fund manager who later stumbled blamed the difficulty of deploying the extra cash for his poor results.
That makes sense. If one looks at Mr. Buffett, his results when he ran a modest partnership in the 1960s were far better than those of his huge, diversified conglomerate recently. But, unlike a share of Berkshire Hathaway, the dollar-weighted returns of a growing fund are worse than the stated results because more people are around for the stumble than the ascent.
Hot funds can burn you.
8:02 and when travel begins again my guess is no large public firms will book rooms at a Trump property. The golf slight is largely symbolic but it also pulls prestigious pros and TV exposure to his courses. He’s out they are saying. Cancelled.
This just in: Bill Belichick Says He Won’t Accept Medal of Freedom From Trump After Capitol Riot — The New England Patriots coach said ‘the decision has been made not to move forward’ on him receiving the nation’s highest civilian honor in the aftermath of the attack on Congress.
Theranos was disrupting the industry as well. It’s a good thing we identified that scam prior to the pandemic. They would have been doing coronavirus testing on half the nation making up numbers.
9:09 original quote was Upton Sinclair “if fascism ever comes to America it’ll be wrapped in a flag carrying a cross.” Somehow Reagan probably got the quote from a day drinking Peggy Noonan –
9:09 original quote was Upton Sinclair “if fascism ever comes to America it’ll be wrapped in a flag carrying a cross.” Somehow Reagan probably got the quote from a day drinking Peggy Noonan –
I’d say we are far more likely to usher in authoritarianism under the GOP.
Your playbook is familiar. But what has Trump ever done for the folks who marched on DC last week? Why would they go to the mat for the guy? Tells you something.
At “mega” vaccination facility ONLY a total of 80 appointments allowed a day.
If the durability of the vaccine is only a year, why bother at this point?
Parler hack was brilliant, or maybe it was just run by a bunch of idiots.
I’m surprised its users didn’t view it as a deep state trap. Didn’t users have to register with a phone number and email address?
Q: Did Sinclair Lewis say, “When Fascism comes to America, it will be wrapped in the flag and carrying a cross”?
A: This quote sounds like something Sinclair Lewis might have said or written, but we’ve never been able to find this exact quote. Here are passages from two novels Lewis wrote that are similar to the quote attributed to him.
From It Can’t Happen Here: “But he saw too that in America the struggle was befogged by the fact that the worst Fascists were they who disowned the word ‘Fascism’ and preached enslavement to Capitalism under the style of Constitutional and Traditional Native American Liberty.”
From Gideon Planish: “I just wish people wouldn’t quote Lincoln or the Bible, or hang out the flag or the cross, to cover up something that belongs more to the bank-book and the three golden balls.”
There was also a play called Strangers in the late 1970s which had a similar quote, but no one, including one of Lewis’s biographers, Richard Lingeman, has ever been able to locate the original citation.
This morning a website I’ve been using for years now wants me to accept cookies in order to use it. Noped right out of there after reading what the cookies are used for. The site won’t be getting access to my devices.
There was a fishing app I was going to use to find new places. It marked on its map where its users were. You could literally see on a map the users homes. Noped out of that one too
But then I don’t believe in pizzagate, Q, or that the Dems stole the election. They are way too incompetent to pull it off. Look at who they nominate on a regular basis. Do you really think the party that thought it was a good idea to nominate Mondale, Dukakis, Gore, Kerry, and HRC could pull off fraud on such a massive scale in multiple states and not leave a trace of evidence?
So far nobody arrested in the Capitol Insurrection was on Parler. I figure say 99% of the organizing done for Jan 6th was on Facebook. zuck is busy purging the evidence now too.
NY times forgot about that other fringe group Antifa, they have yet to be purged from FB or Twitter.
https://www.nytimes.com/2021/01/11/technology/fringe-groups-splinter-online-after-facebook-and-twitter-bans.amp.html
Snowflake attention whore with the head dress had his mom complain that he isn’t being served organic food in prison.
After all, he does still live at home with his mom.
I have never heard of Parler prior to this week. I doubt most anyone else has either. But this past week, I’ve heard at least 5 people tell me how awful it is.
How about the guy with zip ties who went to riot with is mom.
New version of rugged individualism
Was it actually hacked or did someone from AWS just leak it
grim says:
January 12, 2021 at 6:16 am
Parler hack was brilliant, or maybe it was just run by a bunch of idiots.
I think that headdress outfit will be big this Halloween
Turns out it was more of a scrape, or at least the hacker seems to be backpedaling a bit about the PII, private information not being leaked.
The hacker persona is clearly fictitious as well, with the history only spanning the last few weeks. Could be China or Russia looking to fan unrest.
You guys hear Cuomo wants to re-open the NY economy now?
The virus is over guys
Juice: We are told by many, that Antifa does not exist. There are only right wing fringe groups.
I made the mistake of reading the gab site. It’s a cesspool of left and right arguing. Full of posts with pictures of Holodomor threatening Trumpers.
Here is what a reliable source has to say about antifa…
https://www.adl.org/antifa
Insurrection by the Hapless Redneck Cupcakes…
Guy jumping over the seats with zip ties stormed the Capitol with his Mother! He left his gun home but they confiscated his Tazer. What an idiot 10 years for Momma too, who will visit him in Jail?
The Retired Lt. Cornel from Texas turned into the FBI via facial recognition run by a Canadians at the University of Toronto and well his ex-wife dropped a dime too stated in an interview in the New Yorker they found the zip ties after someone most likely the Capitol Police dropped them.
https://www.newyorker.com/news/news-desk/an-air-force-combat-veteran-breached-the-senate
Insurrection by the Hapless Redneck Cupcakes…
Guy jumping over the seats with zip ties stormed the Capitol with his Mother! He left his gun home but they confiscated his Tazer. What an idiot 10 years for Momma too, who will visit him in Jail?
The Retired Lt. Cornel from Texas turned into the FBI via facial recognition run by a Canadians at the University of Toronto and well his ex-wife dropped a dime too stated in an interview in the New Yorker they found the zip ties after someone most likely the Capitol Police dropped them.
DFEMS – re: “Was it actually hacked or did someone from AWS”
Parler lost their 2FA and txt messaging verification services so to stay up and running they allowed simple authentication and anyone to create an account and login.
The APIs used in question is from their iOS APP. It just needed a tweak to get admin access for anyone apparently.
There is an API Key Published. I don’t know where that came from.
Here is the code, safe to view here, just some Python.
https://github.com/d0nk/parler-tricks
I do want to point out again, anyone who did this is open to legal liability, both civil and criminal, unauthorized access is key. Just because you can do it does not mean it was legal. There are more than enough laws on the books, and none of the information is useful to regular law enforcement. The “hacktivist” that are doing this have visions of grandeur, where the CIA, NSA etc are going to laud them for their efforts. More like a criminal referral.
Perhaps Sleepy Joe will pardon them.
30 year what the ADL forgets to mention is their presence on social media is what makes them organized. They are using Social Media to organize via simple has tags. Their messages are broadcast worldwide. When they riot (which they did 500 times last year) and still continue to do every week, they show up from all over many cities and towns from many walks of life to come together to do a peaceful protest and then the fringes riot against police or anyone else who is there including the media.
That is the same thing that happened on Jan 6th a loose collection of groups, networks and individuals who believe in active, aggressive opposition to far left-wing movements showed up in DC, a protest turned into an insurrection because of Social Media allowed them to organize.
They are also using many of the same ways to send money mobile payments too cashapp, gofundme etc.
D-Fens
How come the media is blaring that LA is going to have 10% of its population has tested positive with covid since it started, but not a peep about Dallas and Tarrant counties who have a combined population of 4.7 million and are the 8th and 15th largest populated counties in the US? Tarrant county is on pace to hit 10% next week and Dallas county will hit that in about 2 weeks. Hospitals are near capacity, 30% of ICU beds have covid cases, yet I haven’t seen anything pop up on my feeds from a non local Texas source. El Paso got much more play when it was hit by the surge
Meanwhile California is in lockdown and LA is not doing any better than my area which has stayed open. It has cut retail and restaurant capacity to 50% (whatever that means)
Juice,
What you forget to mention is that antifacists didn’t storm the Capitol, neo nazi, white supremacists and Trump supporters did.
9:30 as a locked down Californian let me just say….it’s awesome.
As the wife said yesterday, “they’re gonna hafta drag me back to the office”.
Juice,
Rioted 500 times last year? Really? What is the source of this and how do they define riot?
Not looking to defend antifa or any violent group. Looking to reign in the inaccurate.
Hold my beer,
Is actually quite simple. TX, along with FL and other red state obfuscated and manipulated statewide data for political reasons. Because no one trust their numbers, no one uses them.
Juice Box is living in a world with alternative facts.
30 year – re:”antifacists didn’t storm the Capitol”
There were kids, there were women, there were old, old men and many fools. Here is one fool, an Antifacist that stormed the Capitol and the interview he gave Andersen Cooper on CNN.
https://www.youtube.com/watch?v=Y7PXvchh2WQ
Watch some of his other work and speeches, calling for a violence at the White House protests over the summer etc.
Point is the fringe left or right are organizing on Social Media, they aren’t as the ADL said “Antifa is not a unified group; it is loose collection of local/regional groups and individuals”.
30 year – re: “reign in the inaccurate”
How many riots in Portland alone last year?
Princeton University’s data is the source, they are tracking it. Over the summer alone there been over over 14,000 arrests for rioting etc, 200 cities instituted curfews. Billions in damages etc.
You can download the raw data here, the are tracking so far about 19,249 protests in the USA since last year.
https://acleddata.com/special-projects/us-crisis-monitor/
I do expect it to magically stop. There was a person killed by Police in Newark two weeks ago, supposedly unarmed. Only about 30 local protestors showed up and the city did not burn.
I have young kids. Being home all day and not allowed to play sports is unhealthy. I can’t ever get this time back for them.
ExEssex says:
January 12, 2021 at 9:47 am
9:30 as a locked down Californian let me just say….it’s awesome.
As the wife said yesterday, “they’re gonna hafta drag me back to the office”.
10:45 how doing active things with the kids?
Biking, hiking, etc. Time is precious, they aren’t wasting
it on some soccer pitch or practicing got some sport they’ll
never play again after high school. Organized Sports are a huge waste of time
for most kids.
We’re doing all that and more. We did already. There’s a mental health component as well as a physical one.
Activities are tough these days in Jersey. We go for bike rides into town to read comic books, play video games, and eat lunch. It’s a bit cold now and gets dark early so not so much.
As far as organized sports my kids miss their Tae Kwon Do. It gave them confidence and they had allot of fun. The tenants helped too with their development. Honor, courtesy, integrity, perseverance, self-control, courage, community, strength, humility, and knowledge. Their Tae Kwon Do school closed forever, we will find a new program once it is safe to leave the house.
Soccer this year was good too. We did a fall program but that’s over, and there are no indoor leagues as the town won’t let the leagues use the indoor facilities, too much Covid risk. The Hockey rinks have been Covid central so we stay away.
We do go skiing and tubing but I have yet to do it, weather has not produced much snow. I may take a trip this weekend, some snow expected in the Poconos or NY State.
This long slog into spring is going to be a depression for many. Time to take some Vitamin D.
30 year – I ran a pivot table for you from the Princeton Data.
742 Violent Protests
17084 Peaceful
11:03 I think watching the USA implode will have a lasting affect on the kids.
I think watching the USA implode will have a lasting affect on the kids.
We’re transforming into a s0c1alist state, eradicating the thought of individual expression and freedom so do you mean a positive or negative lasting affect?
Thanks for the share.
I understand, but do you think the fact that she is good at buying undervalued disruptive innovation, and being that her plays are long term; can’t she do still do well in this current environment?
We are currently in the midst of another industrial Revolution. Massive change. Doesn’t this environment of massive change play well into a long term investor that is good at picking out undervalued disruptive innovation? Doesn’t that separate her from the funds spoken about below, in that she is getting into these companies early in the game with a ton of upside available that could offset having much more money to invest?
Am I seeing it wrong?
chicagofinance says:
January 11, 2021 at 8:15 pm
Hey Pumps: you think I make this sh!t up?
She’s good at buying companies that no one knows how to value in a bubblelicious easy money environment. This process does not scale up. She’s touting 20% annual returns for the next 3 to 5 years. How much did Madoff guarantee?
She’s done great for herself. But, no one wins all the time. No one heard of her before a year or two ago and she’s 65.
Right-wing extremists have been one of the largest and most consistent sources of domestic terror incidents in the United States for many years; they have murdered hundreds of people in this country over the last ten years alone. To date, there has been one suspected antifa-related murder, which took place on August 29, 2020, in Portland, Oregon.
And then there’s the motive which everyone chooses to ignore when comparing an Antifa to a Proud Boy.
Do we know what the vegas shooter’s motivation was yet?
BRT,
The most important that lesson to be learned from investing is the commonality of reversal to mean. Once people are talking about it, it’s almost always too late. I owned PLUG and CPST and FCEL as early as 2001 when the buzz about electric cars was the loudest. Chart them to see how well I would have done holding them for the last 20 years. Electric vehicles make up less than 1/3rd of 1% of the number of vehicles on the road. They are helping no one, as the 50% of the fuel generated to power them is fossil. This ain’t going to change unless somehow, the near limitless amount of natural gas under Pennsy somehow evaporates (it can’t).
Accept for those who live in the desert the true ROI on solar for the home is down to something like 17 years and that’s with government credits. The average length of home ownership is 13. There’s a reason nearly every robocall I receive is for solar installation. There’s a lot of money to be made up front for the installer to suck you into thinking you are saving the environment.
The masses are asses.
She took a big risk and started a fund like no other. This fund has outperformed S&P by a mile in every year of its existence. She is fully transparent. She hides nothing.
Understand, she has a lot of haters. She is a woman beating the hell out of a bunch of men.
She is the best at what she does. No one played the market like this before, and it’s the perfect time to be good at picking disruptive winners.
Some will try to copy, but there is no copying this. You really have to know what you are doing to pick these winners.
Would any of you bet on Tesla like she did? She obviously knew more than the next guy and was absolutely correct.
How many people lost their shirts shorting tesla? How many?
Lib – it’s been debunked, the far left can be even more violent that the far right in Modern times.
Who was released from Pr*ison 20 years ago this week by Bill Clinton and is now Vice Chair of the Board of Directors of Thousand Currents, some the people behind BLM?
Hint this person setoff a B*OM*B at the US Capitol, including several other terr*or_ist acts against our government.
https://tinyurl.com/y4dnwrcl
The alleged suspect in the capitol cop’s murder was wearing a CFD knit hat. What are the odds the CFD stands for chicago, cleveland or cincinnati fire department?
Do we know what the vegas shooter’s motivation was yet?
D,
I am 90% sure he went on a bad streak at videopoker and decided to take it out on the world. The government can’t subpoena the win/loss record from casinos because there is no way to get it from a dead client’s record. If he was alive, then it could be subpoenaed. I know a ton about the shooter as he was a fellow Advantage Player. A very prolific one too. I had probably played next to him in the past (in Mandalay Bay) as I know the exact machines that he had the advantage on and have played them myself, but only with a friend’s (a good friend I know from Kent, UK) card in the machine as at that denomination, the machine only provides an advantage if you are a declared professional gambler where you DO get to write off the taxes on the wins. If I had my card in the machine, every $1250 four of a kind would add to my AGI, which though I can write my W2G wins off against my losses, I still end up in a much higher tax bracket with a much higher tax rate.
There was a lot of talk about how something happened with his long-term girlfriend (an Asian drink girl) who worked in Reno having paid for her and her other family members to return to whichever country they came from just before the shooting. But further investigation showed that he often paid for them to return home in the past.
Chances are, he blew through millions in a unlucky streak so great that he knew his statistical odds of ever getting it all back are near none. It’s why AP players study ROR analysis and should always stay within their bankroll. He is not the first professional gambler to lose his shirt. But he’s the first I heard of that took everyone out with him.
Pumps
When a fund manager is interviewed and the interviewer goes on and on about the managers daily routine and interests and hobbies, that’s a good sign the top is near There was a momentum fund family based in Colorado back in the late 90s and journalists were oohing and ahhing about their trailblazing strategy and what they did outside of work, If I remember correctly the funds got crushed when the internet bubble burst.
Also, the Congressman from NY Nadler is the one who said Antifa does not exist. He is the one who put Susan Rosenberg up for pardon by Bill Clinton.
The sooner the better these Boomer Geezers are retired or Primaried or lose re-election and and gone from Washington DC the better off we all are. They have been waging WAR on this country since the 1960s and some of them would rather burn it all down in my opinion. Now they have a new generation of street soldiers who they will sideline until the mid-terms.
I for one would love to see AOC primary Schumer in a Senate race. She may not get the chance however Cuomo and Albany plan to redistrict NY based upon the Census, her District might get penciled off the map.
Just wait and see.
Do we know what the vegas shooter’s motivation was yet?
D,
I am 90% sure he went on a bad streak at videopoker and decided to take it out on the world. The government can’t subpoena the win/loss record from casin0s because there is no way to get it from a dead client’s record. If he was alive, then it could be subpoenaed. I know a ton about the shooter as he was a fellow Advantage Player. A very prolific one too. I had probably played next to him in the past (in Mandalay Bay) as I know the exact machines that he had the advantage on and have played them myself, but only with a friend’s (a good friend I know from Kent, UK) card in the machine as at that denomination, the machine only provides an advantage if you are a declared professional gambler where you DO get to write off the taxes on the wins. If I had my card in the machine, every $1250 four of a kind would add to my AGI, which though I can write my W2G wins off against my losses, I still end up in a much higher tax bracket with a much higher tax rate.
There was a lot of talk about how something happened with his long-term girlfriend (an Asian drink girl) who worked in Reno having paid for her and her other family members to return to whichever country they came from just before the shooting. But further investigation showed that he often paid for them to return home in the past.
Chances are, he blew through millions in a unlucky streak so great that he knew his statistical odds of ever getting it all back are near none. It’s why AP players study ROR analysis and should always stay within their bankroll. He is not the first professional gambler to lose his shirt. But he’s the first I heard of that took everyone out with him.
Biden says he wants to be a Uniter but 50% of Congress time should be spent impeaching trump. Ok off to a great start.
We’re going to continue to see this wackadoo shlt as far as the eye can see. Eliminating pronouns etc. they have to keep feeding the crazies or they will turn in them.
Huh, grammar man doesn’t know the diff between affect and effect.
5 deaths at the capitol riot… clearly they are using the covid method to count. Get the actual count and then inflate massively.
https://www.dailymail.co.uk/news/article-9139059/FBI-arrests-New-York-man-connection-Capitol-riots.html
Here’s the alleged suspect. Looks like the kind of guy who would have back the blue signs on his lawn or a flag with a blue stripe on the back of his pickup.
This is outrageous!
https://www.chicagotribune.com/columns/rex-huppke/ct-trump-capitol-mob-fbi-arrests-cumulus-election-biden-huppke-20210112-zmxfbai4djcxncuhbcpgjdoixi-story.html
fweedum!!!!
@Policy
·
46m
Ahead of the Ugandan election, we’re hearing reports that Internet service providers are being ordered to block social media and messaging apps.
We strongly condemn internet shutdowns – they are hugely harmful, violate basic human rights and the principles of the #OpenInternet.
And now a message from uncle hotep
https://twitter.com/MAJTOURE/status/1349062508347318272?s=20
Uganda wouldn’t allow mail in ballots. Their elections have more integrity than that.
The government’s newest (coming) war? The war on domestic terrorism.
Cuz all the others went so well.
Pump
Just to juice up the discussion:
I think this guy saw the trade she did. https://youtu.be/cpVOLWL8VX8
and this guy https://www.marketwatch.com/story/he-began-buying-tesla-at-7-50-and-now-hes-retiring-at-39-years-old-with-12-million-worth-he-still-refuses-to-sell-a-single-share-11610392063?mod=article_inline
Case study of conviction and diversification.
She is successful I also admit, but her departure from AllianceBernstein is probably eventful. There are some legal issues remaining at the ownership of ARK I believe.
D,
Yes, we know. Paddock worked very short term at Postal Service. Only the biggest nut jobs start then quit. Somehow, I know this from being here.
Nj,
This guy from the market watch article gets it. This quote says it all. He is absolutely correct that you might not get these opportunities available in the next 10 years again for 50 years. It’s not everyday you get to invest in the industrial Revolution. Right place, at the right time. Don’t miss it..
““This company is just getting started,” DeBolt told Ramp. “We might not see a company like Tesla in the next 50 years.””
FBI is on this.
Interesting move by HHS.
Yup scrap the plan and start giving it to everyone 65+ and up that is willing.
The plan never made sense beyond prioritizing people in the Covid units. Obviously, they are major vectors. Immediately after those workers, it should have been by age. All this micromanaging is slowing down the entire process to ridiculous levels.
Looking at Plug and Fcel, the only thing that stock picker has been good at is creating a bubble in the stocks she owns. It is going to end ugly for a lot of young investors who don’t recall that Plug ($65 and still losing .33 a share) and similar once traded at $1200.
Would any of you bet on Tesla like she did? She obviously knew more than the next guy and was absolutely correct.
Well, she said Tesla is going to $4000 soon. You might as well just put $3k a month into that instead of giving her money for the fund that she claims will only go up 20% each year.
_IsTheGOAT : I know GOP wants to send the US back to 1776 which is way behind where Uganda is. No surprise there.
We have a president that just staged an insurrection. It truly doesn’t matter what your politics are. If you feel it should be ignored, then you are CLEARLY kidding yourself and are the antithesis of a Patriot. There is no response that you can make that will leave you appearing any less stupid than https://tinyurl.com/moderndayche
I was in PLUG and you talked me out of it based on the fundamentals. I’m not making that mistake again. This is not buffet’s market anymore, faster you realize it, the faster you will start making money. Buffet is a value investor in a world where the fed always comes to the rescue. Why would you chase value that is never going to be there. That’s all he did, was buy overly discounted shares in companies and sat on it.
Today’s avg investor is so much smarter. Buffet can’t do what he did, because everyone copied him. It’s common investor knowledge now. You have to be ahead of the game. A lot of young investor’s that buy that dip and are not afraid. Avg old school investor was not as smart as today’s avg investor. They continuously lost money selling on the dip and buying on the high, trying to time the market. New investors buy the dip and buy it hard. New game against a much smarter opponent.
Old school fundamental investors got eaten alive against the new investors buying Tesla. Absolutely ate them up and spit them out. The game has changed. They can’t as easily shake that tree anymore and cause panic. You have a bunch of people who just buy the index, dollar cost avg, and call it a day. That’s insane support levels. The market has never experienced this.
This market today is about risk, you can get burned, but you also can be rewarded handsomely. If you are not in the market right now, you are falling quickly behind the people that are.
To each and their own….this bull would have kept going if we had not hit a pandemic. Think about that for a second. We are in a special time, now is not the time to apply avg’s to an anomaly. GREATEST ECONOMIC RUN OF OUR LIFETIME. I screamed and shouted it on this blog, but no one listened. I did this for years. and you laughed at me. Well, what is happening right before your eyes?
Libturd says:
January 12, 2021 at 3:48 pm
Looking at Plug and Fcel, the only thing that stock picker has been good at is creating a bubble in the stocks she owns. It is going to end ugly for a lot of young investors who don’t recall that Plug ($65 and still losing .33 a share) and similar once traded at $1200.
Pumps
“This is not buffet’s market anymore”
LOL LOL LOL LOL
There are tons of broke investors and ex fund managers who said the same thing in the 90s.
The Great Pumpkin strikes again.
Let us know what price you bought ARK and what price you sold it. Not that anyone here is dumb enough to believe anything you say after you were posing as a financial advisor for years when you were actually a USPS worker with a pink sheet investment in canned pancake batter.
I have an in law who used to brag about him having over half his 401k in the stock of the IT company he worked for. They were making products that were changing the world and disruptive. When the price collapsed in 2000 he thought it was a buying opportunity and moved all of his other 401k money into it and a big chunk of his outside savings. When he left the company a few months later it was down about 98% from the peak. Fortunately his wife had convinced him to put money into non retirement funds. So he been buying internet funds with that. They are now divorced.
I know people who worked for big banks who did the same thing. And then mortgages imploded and their 401k went down over 90% or even to zero.
But I am not smart like them so I had to move to Texas.
He’s the best investor to ever live. I have a lot of respect for him. Learned a lot from him.
His strategy will one day be highly successful, it’s just not successful in an economy going through rapid change. You can’t go value investing when century old industries are being destroyed and replaced. You have to jump on the disruptive innovator, that’s where the money is made when there is massive change.
Talking about industrial Revolution type levels of change. Oil is dead. Green energy is coming. You will still need oil, but the days of it powering the economy are over.
99 dot com is different from today. It’s drastically different. The crypto market is more like 99 dot com bubble. People were just slapping .com on their name for God’s sake. Add in low interest rates, and it’s just different today.
Plus, the fed did not realize the control it had in 1999. 2008 was a game changer. The fed finally figured it out. If they can save that sinking ship, they can save anything if applied correctly.
Dollar cost avg every month at 3,000 a clip. Wont sell for at least 5 years, goal is to hit 10. Innovation winners will be clear as day at that point. Will then find my next investment.
Libturd says:
January 12, 2021 at 5:26 pm
The Great Pumpkin strikes again.
Let us know what price you bought ARK and what price you sold it.
Workday is done, folks. Enjoy the night.
All this talk of dot-com crashed reminded of ….
Juxtapose with You, by the Super Furry Animals (2001)
“It’s easy when you know how
To get along without Biff! Bang! Pow!
And if I see you’re fed up
I’ll stop and give you a leg up
Overpriced unreal estate, surreal estate
The highest price they’ve hit to date
Creating new divides and tension”
https://youtu.be/dmCZ4f8NhOk
Like the autonomous and robotic ark fund, why would you not be in this? It’s obvious, any knuckle should know the robots are coming.
Each fund is dead on…all those sectors should play an important role in the future economy. Every single one of those funds..
Pumps
You sound just like my former in law and other people I know who lost everything.
This time it’s different. It’s disruptive. Buffet’s time has passed. Blah blah blah
How much money would my in law have had by now if his 401k hadn’t gone from 150k to under 10k? I would think without investing another dime he would have around 500k if he had left it all in an index fund. But those are boring an you can’t brag about your financial prowess putting your money in S & P 500 or russell 2000 index funds.
Innovation can reshape industries and change competitive dynamics, creating opportunities for innovative companies and risks for established players that are slow to adapt. New innovative companies are staying private longer now than in the past, but there are still publicly traded stocks that benefit from innovation. These include firms built around disruptive products and technologies, like Tesla (TSLA), and those that reinvent themselves, like Nvidia (NVDA), which leveraged its leadership position in the graphics processing unit market to build chips to power self-driving cars.
While significant mispricing is less likely in the public markets than the private, innovative companies are difficult to value because they often have little or no profits and there is considerable uncertainty about their growth trajectories. So, the market tends to discount their potential to compensate for the risk. This can create opportunities for astute investors, like Catherine Wood, who runs ARK Innovation ETF (ARKK). This transparent, actively managed fund targets stocks that will likely benefit from disruptive innovation and that are priced to offer attractive returns over the long term. This is a risky concentrated portfolio, but it will likely reward investors in the long run.
Strategy Overview
This strategy focuses on five innovation themes: DNA technologies (genomics), energy storage, autonomous technology, next-generation Internet services, and fintech. These themes cut across traditional sectors, so ARK’s investment team is organized around innovation themes rather than by industry.
The team starts by looking for innovative technologies with declining costs that will likely accelerate adoption. For example, as lithium-ion battery production has increased, the cost of these batteries has declined to the point where electric vehicles may soon be cheaper than similar gas-powered vehicles. At that point, adoption rates for electric vehicles will likely significantly accelerate.
ARK’s investment team estimates cost and demand elasticity curves for each technology, leveraging Wright’s Law. This law states that for every cumulative doubling of units produced, costs will fall by a constant percentage. Declining costs are often key to the team’s investment thesis. As such, the managers aren’t looking for firms to hold on to high margins. Rather, they want their holdings to ride the cost curve down and lead the segment, which should allow them to grow profitably.
The team pairs this top-down analysis with bottom-up analysis of the companies best positioned to benefit from the innovation. This includes an assessment of the firm’s leadership and culture, execution (including sufficient research and development spending), barriers to entry, product leadership, thesis risk, and valuation. To value each company, the team builds a five-year discounted cash flow model with bull-, bear-, and base-case scenarios, using the probability-weighted average fair value. Stocks must be priced to offer at least a 15% annual return over five years to make the cut.
The fund’s holdings don’t look cheap on traditional valuation metrics like price/earnings. Wood and her colleagues don’t rely on those metrics because they expect their companies to look quite different in five years than they do today. They believe the market doesn’t fully appreciate that explosive growth potential, and given a long enough time horizon, they are value investors. While that is debatable, they are definitely not momentum investors, often opportunistically picking up firms experiencing what they view as short-term issues. For example, the fund increased exposure to Tesla when concerns about the firm’s ability to secure financing and Elon Musk’s fitness to lead sent the stock down.
While many active stock managers have eschewed the exchange-traded fund wrapper for fear of others imitating their trades, ARK Invest embraces transparency, not only with its holdings but also with much of its top-down research, which it shares online. This open architecture allows members of the investment team to connect with, and get feedback from, experts in the industry to stress-test their assumptions.
Portfolio
This is a compact, high-conviction portfolio that typically consists of 35-55 U.S.-listed stocks. While the team doesn’t think about traditional sector allocation, its holdings tend to cluster in healthcare and tech.
This portfolio includes cornerstone stocks for each innovation theme and other firms that operate in the ecosystem around those stocks. For example, Illumina (ILMN) holds a dominant share of the DNA sequencing market and serves as a cornerstone for the genomics theme. Similarly, Tesla is a cornerstone for the energy storage theme. Production costs have come down for both firms, which ARK is betting will help fuel the growth of the surrounding ecosystem as well.
Wood and her team focus on firms’ long-term potential, but changing valuations can drive turnover. For example, the team recently swapped Netflix (NFLX) for Roku (ROKU), as the former was trading at a lower discount to its expected future cash flows. Roku was attractive to the team because it is firmly embedded in the core of the streaming TV ecosystem. It provides an operating system for streaming TV and commands a large share of that market.
Many of the fund’s holdings are not currently profitable, which adds to its risk. It’s not uncommon for innovative growth companies to lose money as they invest heavily to expand in hopes of a larger future payout. However, this makes them difficult to value and often highly volatile.
People
Catherine Wood leads ARK’s investment team and is the fund’s sole named manager. She is the firm’s CEO and CIO and has 40-plus years of industry experience. Before founding ARK in 2014, she was the CIO of global thematic strategies at AllianceBerstein, a hedge fund manager at Tupelo Capital, which she co-founded, and chief economist at Jennison Associates LLC. Wood has more than $1 million invested in this fund, which is a good sign.
Many of the analysts on the team have experience working in the industries they research, rather than at traditional asset managers. This is a valuable perspective that can help the team stay on top of emerging trends.
Read over their strategy overview. You guys are missing the train, imo. I’m not claiming to be smart or anything, but I can put my money behind this strategy based on the current environment.
If I lose, I lose. That’s the game of capitalism.
You have to take risks, it’s the nature of the beast. When you see opportunity, grab it. Maybe I’m totally wrong, but I see massive opportunity with Ark over the next 5-10 years.
What did Catherine Wood due during the tech bubble expansion and implosion?
I’ve made it a habit to never listen to anyone that speaks in buzzwords galore…or invest with them.
It is different this time, it’s worse!!
6:14 even after repeated crashes we’ve held onto our 401k.
Definitely grateful for “boring” investments.
The fact that she sees Tesla as an energy company, says most people don’t get it. Still fixated on Tesla as a “car manufacturer.” I will not go against these individuals changing the world that we live in.
Republican Party is finished. Good riddance.
Essex: Aside from anything else, having only two choices was an issue. Are you really in favor of one party rule?
I’m in favor of those assh*les vanishing. And to getting something done for a change. Anyone dumb enough to fall for T-boy’s grift is too stupid to vote.
Best two minutes wasted all day..Chuck Schumer getting some NY attitude today.
https://www.youtube.com/watch?v=CWzleBqMKdQ
8:51 a mentally ill woman clearly fits into the current GOP cast.
Words are violence, silence is violence but actual violence is not violence at all but a righteous response to suffering and oppression. Ladies and gentlemen, I give you the American S0c1alist Democratic Party.
9:51 more ramblings of the mentally unbalanced.
Even Kashkari gets it:
“Minneapolis Fed President Neel Kashkari made an unusually direct condemnation today of how Black Americans are treated by law enforcement, saying if rioters at the Capitol building last week had been Black, they would not have come out alive”
Pump:
I believe she believes TSLA more of an multi-dimensional AI play. Car, energy, taxi and self-driving everything with massive data and technology leader. I believe she is a bit mistaken, blown. My experts say that Waymo and others are not much behind. She also doesn’t want to see the international competition working hard to get this. God forbid if Elon sees an accident, the wonderful storytelling will be gone, and one would see 90% drawdowns.
Kanpur, known in the British period as Cawnpore, is an Indian metropolis in the state of Uttar Pradesh. The greater metropolis is divided into two districts: the urban district of Kanpur Nagar and the rural district of Kanpur Dehat, with the city in the urban district, along with some other townships.
[url=https://megastuces.com/comment-recuperer-fichier-psd-corrompu/] Kanpur [/url]
Republican Party is finished. Good riddance.
Like the Democrats in 2016?