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Post/post script. It is in fact a time when HODL the Magnificent Seven has been a great trade for years: it hasn’t been this easy to turn money into more money
by benreesman 2y ago
Post/post script.
It is in fact a time when HODL the Magnificent Seven has been a great trade for years: it hasn’t been this easy to turn money into more money since the 1920s.
But that’s a combination of sanctioned monopoly fraud and wild levels of stimulus: in the last decade we basically transferred half of all wealth from working people to Boomer 401ks, and the New Wall St guys got a pretty hefty cut.
NVIDIA has some very smart people, but they don’t fab EUV wafers and they don’t do whatever it is where it’s ok for a dorky guy in a leather jacket to sign a girl’s breasts.
The price of the stock is “supported”.
- greyw 2y ago> NVIDIA has some very smart people, but they don’t fab EUV wafers and they don’t do whatever it is where it’s ok for a dorky guy in a leather jacket to sign a girl’s breasts. Why does it matter whether NVDA fabricates wafers or not? It's not their business model. The dorky guy sells something all of the mag7 and more want desperately. > The price of the stock is “supported”. Supported by gigantic growing cashflows. Did you ever valuate/analyze a business? You know people don't put random numbers on the stock price (looking at longer timewindows obviously).