MiroF

56 ms·

631.
by MiroF 6y ago
The existence of substitutes doesn't make a monopoly no longer a monopoly. Bell was still a telephone monopoly even if I could have used carrier pigeons instead.
632.
by MiroF 6y ago
> market cap Market cap doesn't measure economic activity. https://en.wikipedia.org/wiki/List_of_largest_companies_by_r... Look at this. Among the tech companies that are high, most of those are consumer electr
633.
by MiroF 6y ago
"Land" for George is just things you can rent-seek on and are fixed in supply, that includes stuff like intellectual property, etc. > real estate/rents/leasing is perhaps 15% but most of that is related to the value
634.
by MiroF 6y ago
> there's way more economic activity happening that isn't associated with land than there is that is. First, that is an actively contested claim. Pointing to tech companies as "way more economic activity" is laughable
635.
by MiroF 6y ago
You see how that's non-responsive to the parent, right?
636.
by MiroF 6y ago
> This assumes that the farmer has to remain a farmer. How does it assume that?
637.
by MiroF 6y ago
Yes, and peasants under feudalism were much better off than they were as cavemen - none of that justifies economic/social stagnation
638.
by MiroF 6y ago
> The big issues were mainly around introducing a new tax system and the massive upheavals and uncertainties businesses and people would face as part of the change. Winners and losers, etc. It's funny how we introduce massive upheav
639.
by MiroF 6y ago
But the market reacts to action by the fed, for obvious reasons. That doesn't mean the market is "manipulated" any more than finding a cure for coronavirus would be "manipulating" the market when it jumps in respons
640.
by MiroF 6y ago
Nope. If prices of the underlying stock collapse because of index selling due to movement out of retirement funds, then other investors will buy the underlying stock, stabilizing the price - even if they are not buying the fund. Selling doe
641.
by MiroF 6y ago
You're reasoning from a price change. Inflation is flat/decreasing only slightly because of the "printing", otherwise it would be sharply downwards. The fed is engaging in aggressive monetary policy to prevent deflation.
642.
by MiroF 6y ago
> I think the problem a lot of people have when looking at the stock market is they assume everything is modeled against current time. Absolutely, and quite a few people making this error on this thread.
643.
by MiroF 6y ago
The suggestion that modern financial markets are similar to markets in 17th century Holland is certainly interesting. Even academic detractors of the efficient market hypothesis agree that it is accurate on the macro-scale.
644.
by MiroF 6y ago
> I don't think Google's worth more today than it was on Jan 1. You're right that it's a feeling, but it seems crazy to think that with 15% unemployment, it's still worth that. Pricing takes into account projecte
645.
by MiroF 6y ago
> There’s no inflation when the fed buys corporate bonds or bails out failed corporations. It is just propping up the market. Respectfully, please read an economics textbook.
646.
by MiroF 6y ago
> And especially so now given that projected future earnings will have dropped considerably while stock valuations have not. Really that depends on your time horizon. The Fed has signaled that it is willing to act aggressively to boost A
647.
by MiroF 6y ago
> over-promotes stocks as an investment vehicle. This begs the question. You've just hidden your premise in this paragraph. What external metric makes an asset over-promoted or under-promoted?
648.
by MiroF 6y ago
> Yes. That's where my RIA has 33% of my assets now, we moved them in 2019. That's a bummer - you missed out on the rally and pricing is about the same as what it was in 2019.
649.
by MiroF 6y ago
Value of cash is determined by inflation, not by interest rates. Since the fed prints money to hit inflation targets, this reasoning doesn't really make sense.
650.
by MiroF 6y ago
Tesla is in indexes. If they're a publicly traded company, they are in indexes. Palantir is privately held and thus not super relevant to this discussion.
651.
by MiroF 6y ago
> This market is highly manipulated and disconnected from reality on many levels I feel like this presumes some "baseline" market that never really existed. The Fed has a dual mandate - they will and should engage in whatever s
652.
by MiroF 6y ago
> True, but it's not zero work, and you must retain sufficient investing expertise to interpret and respond wisely. Maybe "responsibility" is more apt than "job". The "expertise" you need is to buy &amp
653.
by MiroF 6y ago
> If a significant number of people start moving retirement money out of index funds If a significant number of people start moving money out of index funds, causing a decrease in the price of index funds, then that is just an opportunit
654.
by MiroF 6y ago
> We’re probably closer to a depression that we have been since 1929, and that depression didn’t bottom out until 1932. And even in the great depression GDP rebounded within 10 years and had grown substantially by 20 years.
655.
by MiroF 6y ago
I suspect that many of the people getting infected are not observing as strict of social distancing as you imagine. e: Why am I getting downvoted? Just conditioned on | getting infected by covid, means more likely to have had more contacts.
656.
by MiroF 6y ago
This comment shows you don't understand ME politics. KSA couldn't care less if we give arms to Israel.
657.
by MiroF 6y ago
If the KSA has the capacity and inclination to win a price war against every international competitor, it would have done so already.
658.
by MiroF 6y ago
Half of the people managing hundreds of millions of dollars fail to outperform the market once they start managing those hundreds of millions of dollars.
659.
by MiroF 6y ago
> Many in finance think we're headed for deflation Pshh - not as long as we have a central bank.
660.
by MiroF 6y ago
This is absurd. Even if domestic supply falters (i'm unconvinced we wouldn't be able to quickly turn it around if need be, as we have multiple times in the past decade), KSA is still not a major international source of US oil.

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