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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
@Davidrmoran: One gig I did recently that I did not mention was for google's modular cellphone. You actually could snap in different sensors and other pieces of wee hardware for different functions. It was not killed by google, suddenly, because of …
Another telling article about banks, the Great Recession and Citigroup this time:
nymag.com/daily/intelligencer/2018/08/sheila-bair-on-what-hasnt-changed-since-the-great-recession.html
@Davidrmoran By the way, would you be opposed to an ESG fund that holds stocks you find ethically reprehensible but is filing shareholder resolutions with those companies to try to improve them? If this tactic of engagement rather than exclusion doe…
I think Facebook is a far bigger problem for ESG funds and actually worse in its societal impact than Wells Fargo: https://bankrate.com/investing/esg-socially-responsible-investing-funds-should-they-hold-facebook-fb/
ESG has long favored tech stocks…
And then of course there's this: https://google.com/search?source=hp&ei=qCdqW6zrBKHt_QaC2qeYBA&q=Pimco+and+BlackRock+accused+of+subprime+%E2%80%98profit+gouging%E2%80%99&oq=Pimco+and+BlackRock+accused+of+subprime+%E2%80%98profit+gouging%…
True, but you don't have to look too far to find they've all had dirt on their hands at one point:
https://rollingstone.com/politics/politics-news/bank-of-america-too-crooked-to-fail-232177/
https://nytimes.com/2017/03/30/business/dealbook/new-fir…
The New Yorker article in some ways already addresses the automobile example especially a premium auto example. People pay so much for autos today they expect them to last and the manufacturers know they can survive by just selling consumers one for…
Regarding Moore’s law, I would say two words capture my view—modular and soldering. Why have many computers/phones largely become sealed systems you can’t swap parts out of instead of having to throw the whole device out? The chips in many cases are…
@davidrmoran “Journalists like you?” Do you even know me? What’s next—“the enemy of the people?” You say I surprise you with my naïveté on this subject. To be honest, you’re surprising me with these bs ad hominem attacks so uncharacteristic of you. …
Again you keep thinking I assume there’s some evil CEO twirling his mustache as he plans these things out. I actually again think this kind of planned obsolescence is endemic to having a growing business in the tech sector. If someone could just buy…
I’ve been writing about tech stocks periodically for over twenty years. Back in the 1990s they called this sort of planned obsolescence and it’s planners the Win-tel Consortium as in Windows/Microsoft and Intel working together to get people to con…
I do think though there is a desire amongst companies for manufactured obsolescence so you continue to buy more of their goods and this is especially so in electronics. Each upgrade of an operating system usually leaves owners of older computer syst…
@davidrmoran Why are you talking about logic, the good of the people and what would make the healthcare system work when the whole point of this move is to destroy the system and take away people’s access to healthcare? You’re making too much sense!
I know it's just another number but $1 trillion for one company--wow! That makes Apple's market capitalization on par with Pakistan's 2017 GDP, a nation with a population of 193 million people:
https://cia.gov/library/publications/the-world-factbook…
Cliff believes in socialism but only for the rich:
https://vanityfair.com/news/2016/11/libertarian-hedge-funder-accepts-35-million-aid
https://nytimes.com/2016/11/22/business/dealbook/investment-funds-get-millions-to-stay-in-connecticut.html?smid=…
An excerpt:
Year-to-date, the five FAANG stocks account for 79% of the performance of the S&P 500. The market cap of FAANG is $3.2 trillion. For the same price, one could own every single company in the S&P 400 and S&P 600 and still…
I think systemic evils are the worst kind and difficult to change, yet it is important to always remember that within that system live good people and often people who want to do good but have no choice but to do evil to survive in that system:
“I …
@MSF I'm not even sure if "evil" is the right word. I feel it is almost banks' function within our system to behave badly as bubbles expand and get religion as they contract. Say you're the CEO of a large instituional bank who doesn't want to offer …
@davidrmoran Beery's piece was a blog post, not really an intensely researched article, but the connection with many still-in-existence companies and the Holocaust is very real, so I don't find her thoughts on the subject fatuous at all. The questio…
@davidrmoran Goldman Sachs link about the crash right above those Nazi examples and I am not comparing anyone to Hitler. So not quite Godwin. :-) I am merely trying to show what the worst example of corporate behavior can be and asking how long befo…
@davidrmoran
Two strolls down memory lane:
https://rollingstone.com/politics/politics-news/the-great-american-bubble-machine-195229/
https://som.yale.edu/blog/the-nazi-corporate-connection-facing-the-ethical-challenges-of-business-head-on
Since…
Sorry in advance for playing devil's advocate, but does anyone here who remembers 2008 really think that WFC's behavior is so much worse than any other major bank? Or if you go back further in history, what bank or insurer really has completely clea…
@MSF Have you read the comments on Medi-Share on the Better Business Bureau web site I linked?
Here are a few excerpts: 1. My wife went into the emergency room because her doctor recommended she go. It ended up they recommended an MRI. I've had MRI…
This purports to be an unbiased analysis of Medishare:https://google.com/amp/s/www.thepennyhoarder.com/life/wellness/medishare-reviews/amp/ If we’re going to be true to little5bee’s intent of this thread as she claims it’s been hijacked why not real…
Oakley said the 120-person office has been refocused to work on Trump administration priorities like drug pricing and the opioid epidemic. Two staffers say those topics are regarded as safer ground because they are not part of the health care cultur…
@Sven While fundamentally I agree with your and David’s analysis of this fund, I do think it’s disappointing that the fund has underperformed recently on the downside too as emerging markets have fallen. That may unsettle many investors and bears wa…
Foster’s commentary though is about China and how much exposure investors should have in it. He even suggests that his fund is probably not the most appropriate vehicle to get that exposure, which leads me to believe he may be launching a China fund…
Facebook stock was $26 at the start of 2013. Today it is $175 even after this slide--an almost 7-fold increase. It is still by no means cheap regardless of one's opinions about social media.
@little5bee
Exactly how I felt/feel about the Clintons. Yet despite his many faults, the economy boomed under Clinton
Will the false moral equivalencies and whataboutism between Trump and the Clintons ever end? During the Nixon era, Republican poli…
@davidrmoran You might want to read this:
https://thenation.com/article/this-political-theorist-predicted-the-rise-of-trumpism-his-name-was-hunter-s-thompson/
The Southern Baptist church has long been associated with the racial divide, even before Woodstock and the Civil rights movement, but LBJ’s policies cemented its political role: https://google.com/amp/s/www.forbes.com/sites/chrisladd/2017/03/27/past…
