US 10Y dropped dramatically after recent inflation data ...NZ10Y shud follow ...helpful for stocks ...should be good follow up session after electric companies led heroics plus index balancing dynamics ...
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US 10Y dropped dramatically after recent inflation data ...NZ10Y shud follow ...helpful for stocks ...should be good follow up session after electric companies led heroics plus index balancing dynamics ...
Back before the dot-com bubble burst, Cisco was the stock. The company brought internet networking to the masses just as the entire world took its first tentative steps into cyberspace. If it happened online in the 1990s, Cisco had a hand in it. As such, the stock price soared and — for a brief moment — Cisco reigned as the most valuable company in the world.
If you, as an investment manager, did not have Cisco in your portfolio, you would hear about it from unhappy clients. They didn’t much care that the stock traded at 220x earnings — but only that their neighbors and friends and a guy called Bull on Share Trader were getting rich from Cisco’s rapid ascent and they weren’t.
Envy is a cruel mistress — and an even worse stock-picker. In the late 1990s, as value investors languished far below the S&P 500’s results, one of Rich Pzena’s clients taunted him that, “My grandmother is a better investor than you!” All because Pzena was not a believer in Cisco at nose-bleed prices.
“Cisco has a $500 billion market cap,” explained Pzena. “Let’s say you’re going to buy the whole company. You’re rich and you’re going to write a check for $500 billion and you want to make a 15% return on your investment. That’s $75 billion. They have to make $75 billion every year. They’re making $1 billion [now]!” His client was unfazed. “You just don’t get it.”
David Winters tells a similar story. At the height of the dot-com bubble, he received a handwritten letter from a lady who called him a dinosaur for not investing in Cisco. “There were relatively few of us who maintained the core belief in value investing at the bottom,” he said. “There was tremendous pressure from multiple directions to capitulate.” Pzena and Winters did not capitulate — but countless others did.
How Roaring Kitty’s wealth went from $53,000 to nearly $300 million — and could one day top $1 billion
https://www.cnbc.com/2024/06/04/how-...1-billion.html
his handle was deepf.uckingvalue maybe value and sailor could learn a thing or two from him
Buy call options in a damn near bankrupt company and shill it on reddit?
Those guys on reddit are degenerate gamblers. Some of them are bound to do stupid things and win massively.
I don't spend much time on there but sometimes I go for a laugh, like yesterday I saw multiple people who placed market orders for BRK.A stock during the nyse glitch which got filled about 100k above the current market price. Mind you these people had like $500 in their account and managed to lose 100k :scared:. No clue who will end up fronting that bill...
Tesla likely to spend $3 bln-$4 bln on Nvidia hardware this year
https://www.reuters.com/technology/t...ar-2024-06-04/