xkjkls

16 ms·

121.
by xkjkls 5y ago
It was always a "what the hell does Apple do with all of it's capital" question. They figured that out though -- just buy back stock. Anyone accusing them of being uncreative there has to argue that the hundreds of billions
122.
by xkjkls 5y ago
> Musk is nearly a clone of Jobs in affect and attitude and reality distortion effect. Eh, Musk has more negative tendencies than Jobs, especially related to his public behavior and honesty. Whatever you might think of Jobs, whenever he
123.
by xkjkls 5y ago
Ah yes, I remember falling for the "we only sold to prove our liquidity" back in my young and naive investment years.
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by xkjkls 5y ago
It seems like a bad business practice, because it screws the resale value of any current owners. People want MSRPs to remain relatively consistent to their purchase, and greater uncertainty also generally makes lease rates higher because th
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by xkjkls 5y ago
> And as they said, they hope Model Y will hopefully be the best selling vehicle globally next year. It's very important to wonder "how much of this is EV demand" vs "how much of this is car specific demand". Tes
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by xkjkls 5y ago
Not necessarily. If you mean by a "we were running against the wind" sense, sure, but if you mean in a "what should the valuation of your company be" sense, no.
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by xkjkls 5y ago
> Uh... wat? Model 3 sales are growing very rapidly! Trying to argue that they aren't because the category they are being compared to is not is... somewhat weird. I mean, kind of? It's much more complicated when you look at mar
128.
by xkjkls 6y ago
Ok, but how should we treat someone's investment advice if they are advising for investments that they are not personally committed to? I find far more reasons for skepticism there. If you see an opportunity to make money for yoursel
129.
by xkjkls 6y ago
> Unfortunately, there's a catch. People can say things they don't believe, especially if there is a large amount of money to be made. If I'm holding a large amount of X, and can convince enough other people to buy X that
130.
by xkjkls 6y ago
Sure, are they also subject to a lost profits fallacy, where if they believe an investment is good but don't invest in it, they would be entirely rational? I don't see it.
131.
by xkjkls 6y ago
> One thing I've learned about professional investors is that no matter what, at the end of the day they're talking their book. That doesn't make them wrong. It's basically just a tautology. If you believe X is a grea
132.
by xkjkls 6y ago
Gold is a terrible medium of exchange. People would continue using dollars for a long time because they still exist
133.
by xkjkls 6y ago
Eh, it's arguable how much the US Government is determining the worth of dollars rather than cultural consensus. I can guarantee that in the event of a zombie apocalypse where the government falls, USD would be used for a long time aft
134.
by xkjkls 6y ago
This is a false dichotomy.
135.
by xkjkls 6y ago
Some might say humans are what contribute to infectious diseases being such a serious problem.
136.
by xkjkls 6y ago
Or just hunger in general. Before the agriculture revolution starvation was the primary cause of human death.
137.
by xkjkls 6y ago
I'm not sure that's what this is. I think this is more an indication that the Texas power grid infrastructure has been messed up for years and this should call into attention how messed up it is. None of this is new engineering or
138.
by xkjkls 6y ago
> It's meant as a check to blunt overzealous prosecutions. The executive branch also controls the justice department, which did the prosecutions.
139.
by xkjkls 6y ago
There's really no such thing as pure arb. All trades bear some sort of risk that isn't entirely considered.
140.
by xkjkls 6y ago
> He was pretty early, and quite contrarian, in betting on computer and quant strategies and thus took the “low hanging fruit” early on (def wasn’t low hanging back then when no one knew or believed in computer trades strategies) Also th
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by xkjkls 6y ago
A lot of bartenders use aquafaba exclusively, because they can have a squeeze bottle of it behind the counter for hours, unlike egg whites.
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by xkjkls 6y ago
I remember when they were supposed to be producing a $35K 3 years ago.
143.
by xkjkls 6y ago
> If Company A borrows $10 from the bank and then loans $10 to Joe, it's got $10 in assets and $10 in liabilities on its balance sheet. Yes, it's equity hasn't changed. However, the debt on its balance sheet has, so the en
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by xkjkls 6y ago
This is only in the current low interest rate environment. Back in the day you kids probably don't remember, where interest rates weren't 0, you could make some serious returns from the cash you got from selling the shares short.
145.
by xkjkls 6y ago
Yes, an Elon and his brother owned debt in SolarCity both personally and through other business ventures (SpaceX owned $100 mn in SolarCity debt at the time).
146.
by xkjkls 6y ago
Enterprise Value can be incredibly misleading for companies with large financial arms. GM has a large financing arm that provides loans to consumers which is what makes up the vast majority of their total debt. If you EV correctly captured
147.
by xkjkls 6y ago
How many people are buying a software upgrade for their car that is worth close to a new car? None of this scales outside of Tesla's small incredibly wealthy customer base.
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by xkjkls 6y ago
> AAPL net earnings for 2020 was 30%. Apple is not in the auto industry. Their margins are not comparable to auto companies. > AMZN had almost no Net Profit their entire existence, because they were reinvesting in growth. Once their g
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by xkjkls 6y ago
If you can sell your tax credits, they are equivalent.
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by xkjkls 6y ago
> On a free cash flow basis, Tesla is profitable. Free cash flow is not profit though, nor should it be considered equivalent. > Removing non-recurring revenue (aka regulatory credits) from their income statement is a useful exercise

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