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LewisBraham
Hi Hank,
Your satire came across very well. Don't worry about the user name.
Best,
Lewis
The point is a matter of my perspective, having covered this stuff for too long. People were saying the same exact things in 2000--valuations don't matter. They don't matter until they do. The idea that bitcoin related cryptocurrency stocks are bein…
True, but I've heard that valuations don't matter line before:
https://washingtonpost.com/archive/business/2000/01/01/tech-mutual-funds-led-the-way-in-90s/94a23caf-8230-40e4-bde7-d45840cd42f8/?utm_term=.91974dcba493
I know, but these momentum bad boys always make a big splash right about the time markets are peaking. Usually, the terrible crash occurs with other peope's money.
I spoke with an economist/market strategist a while ago who said the first thing entrepreneurs and executives do with a tax break is not hire more people but invest in labor-saving technology. It was one of the reasons he argued that when the Reagan…
Even if one claims that individuals do a better job caring for the needs of the community, there is still ample reason for an estate tax. Many individuals give to charities to help their communities specifically to avoid the estate tax. It acts as a…
@Bee Lewis seems convinced that after you raise your children and influence your grandchildren...maybe even impress your great grand children with lifesavers that they will some how squandered all their inheritance on "Beemers, Beach Houses and Babe…
Aside from the minuscule amount of people the estate tax affects, there is a philosophical question as to whether a child who has done nothing to earn a massive amount of wealth should inherit a massive amount of wealth. Consider that we as a societ…
Note Edmond's use of the word victims in quotes and the word accuser as singular in the case of Roy Moore. At the current count there are nine different women who are accusing him of sexual misconduct. If nine different people accuse someone of doin…
The thing I keep hearing men complain about is the notion of being innocent until proven guilty. But most fail to understand that companies are not a court of law and this isn't firing for "committing a crime." Corporate policy is not the same as th…
The interesting question is when Wall Street workers are displaced, will the same analysts and money managers who once waxed poetic about the glories of creative destruction and all the "waste" and inefficiency from having a taxpayer funded social-s…
@Ted @MSF No, not guilty. I accept MSF's response. It's just something any writer would be sensitive to. To me the big story here is the tremendous influence DAFs now have in the charitable world and what that means. I had to cover the investment s…
@MSF I resent the implications of "Had it appeared somewhere else before?" It belies the many interviews and hours of research I spent writing this story. Did one article inspire the other? It was one of many inspirations. But that happens in journa…
Sometimes I think if the mutually assured destruction scenario played out, these analysts would still be bullish, and, perhaps, they'd be right. It would be like Major Kong riding the bomb in Dr. Strangelove.
I think Morningstar's been pretty clear about the star-rating being backward looking and of limited use for quite some time. So this analysis seems a little unfair to me. What maybe they should do though to really formalize the distinction is to ref…
The notion that what's good for the stock market is good for the economy and vice versa is a lie that continues to be told for political reasons. Many economic statistics are unrelated to the stock market at best and negatively correlated to it at w…
@Ted Your age and gender are showing: economist.com/news/business/21660110-businesses-should-beware-dubious-generalisations-about-younger-workers-myths-about
Bear in mind that this article linked below was written for a site that promotes bitcoin and think about what it means: https://bitcoinexchangeguide.com/top-uses-for-bitcoin/
@Anna The thing to get is that this is the Cato Institute and it wants you to believe that conservatives are being oppressed. Here's one important fact, first amendment rights are only protected by the Constitution on public property not private pro…
The reason for this distance is because that was the measurement used in England and the U.S. railroads were built by British expats.
No the U.S. railroads were built by mostly non-British immigrants, many of them Chinese:ocp.hul.harvard.edu/immigra…
Some thoughts on private account composite returns: I find them useful to a degree, but one has to take them with a grain of salt and understand the nuances of a fund's individual strategy as to whether that translates well into fund world. For inst…
@MSF You're right about the different kinds of transactions. The interesting thing about this kind of lending is that from a legal perspective two mutual funds even if they're run by the same manager are separate investment companies so the fact tha…
Despite the rather dull title, this is a good one about how assets in your safer funds such as money market ones can be lent out to much riskier ones like high yield bond funds and the legal implications of that.
Terrible choices in that article if you ask me. If it was just one fund it would probably be best to choose a go-anywhere fund--world allocation--that has the flexibility to buy different kinds of asset classes, stocks and bonds. Who's to say that U…
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