Foreign enrollment in the various tech departments at Purdue University is at an all-time high. I guess these people are getting visas and matriculating (and paying list-price tuition in the process) so they can abandon the USA later. Our problem is not that international mathematicians are shunning America; our problem is that half of the domestic electorate is determined to kill what's left of her. Best always. PM
I think today's note is supportive of staying with metals and energy and selling off any stocks we have that have made us money. Metals will always have value and "black gold" will drive the world for at least 50 more years and probably longer. As I've read many times (and lost $ because of it) , I've lost money by falling in love with what I thought was a good long term stock. Bad decision!
A stark illustration of the compounding effect (Einstein's 8th wonder of the world) on $ 0.01, which after 30 consecutive daily doublings, grows to $ 5,368,709.12; trees don't grow to the sky.
That was likely the right move. I was involved in a project today and had to leave my phone and computer behind. I’ll likely just sell tomorrow and bank the cash for now. Nice gain in a short time.
You don't need Claude for these observations Refer to Albert Bartlett's wonderful lecture on "The exponential function ". Made in the 1980s I think and available on You tube. Oh, and it's one minute to midnight.
Foreign enrollment in the various tech departments at Purdue University is at an all-time high. I guess these people are getting visas and matriculating (and paying list-price tuition in the process) so they can abandon the USA later. Our problem is not that international mathematicians are shunning America; our problem is that half of the domestic electorate is determined to kill what's left of her. Best always. PM
I think today's note is supportive of staying with metals and energy and selling off any stocks we have that have made us money. Metals will always have value and "black gold" will drive the world for at least 50 more years and probably longer. As I've read many times (and lost $ because of it) , I've lost money by falling in love with what I thought was a good long term stock. Bad decision!
Jim Marshall
Jim, heaven knows I could stand to find a good deal on some energy. My supply is depleting rapidly. Best always. PM
good thoughts, lets not forget the sin stocks, PM, MO etc....kicking arse right now
I would argue against the concept of "shareholder yield," saying that the term was defined incorrectly by those who invented the term.
Stock buy-backs don't return cash to owners; they distribute cash to former owners. It's a way of telling those former owners "just go away".
It does increase the value of the remaining shares, if the shares "bought back" are cancelled.
In OZ a lot of large companies are "buying" back their shares on market via third parties.
If a market correction is nigh, then selling into a "buyback" is a wise move, assuming you are in "the money"!
Yield is a good thing, but not in the current market!
Wait for better times to buy essential companies at a fair price.
A stark illustration of the compounding effect (Einstein's 8th wonder of the world) on $ 0.01, which after 30 consecutive daily doublings, grows to $ 5,368,709.12; trees don't grow to the sky.
It would, but Einstein forgot to take account of dividend / savings tax.
Where’s Tom’s note? I don’t see it.
Don’t see the note from Tom on the buyout. Not on Substack as far as I can tell.
I sold it at the open this morning. I figured Tom would tell us to sell when he sends tomorrow's update.
With a float as small as Arc's I don't want to see what happens to the bid when everyone decides to exit on Thursday morning.
That was likely the right move. I was involved in a project today and had to leave my phone and computer behind. I’ll likely just sell tomorrow and bank the cash for now. Nice gain in a short time.
As a follow up, I didn’t sell. Interesting that Tom advised holding without exposing why.
You don't need Claude for these observations Refer to Albert Bartlett's wonderful lecture on "The exponential function ". Made in the 1980s I think and available on You tube. Oh, and it's one minute to midnight.
Regards