Jump to content



Photo

Rick Ackerman


  • Please log in to reply
4 replies to this topic

#1 linrom1

linrom1

    Member

  • Traders-Talk User
  • 2,255 posts

Posted 15 November 2021 - 09:21 AM

Tens of trillions of dollars of gaseous savings are tied up in glorified advertising firms like Google and Facebook, in profitless food delivery services, driverless car- and other AI-hubris, and in purveyors of burritos, virtual entertainment and trendy consumer goods. That is what economists mean when they refer to malinvestment: the channeling of savings — in this case vast sums of it — into companies that either sit on it, squander it, or use it to buy back their own shares. Stocks have become grotesquely overvalued as a result, and it is delusional to think any significant portion of the hoarded capital can ever be freed up to rebuild America’s dilapidated cities, highways, bridges, transit systems, railways and airports. The savings are illusory to begin with, and even if every penny could be diverted into infrastructure, it is absurd to think the bumblers, grafters and big-business lackeys on Capitol Hill could incentivize the process so that it would create anything of enduring economic value.

 

https://www.rickacke...uyaZunZiCXh6gI=



#2 pdx5

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 8,122 posts

Posted 15 November 2021 - 03:53 PM

Rockefeller-Musk-2.jpg


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#3 pdx5

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 8,122 posts

Posted 15 November 2021 - 03:55 PM

 TSLA is the real watch the sky phenomena. My son-in-law bought it under $200, and now is convinced he is a genius trader.


Edited by pdx5, 15 November 2021 - 03:55 PM.

"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule

#4 12SPX

12SPX

    Member

  • Traders-Talk User
  • 5,521 posts

Posted 15 November 2021 - 03:58 PM

Curious has he sold it yet?



#5 pdx5

pdx5

    I want return OF my money more than return ON my money

  • Traders-Talk User
  • 8,122 posts

Posted 15 November 2021 - 06:57 PM

Curious has he sold it yet?

NO! Even after I told to sell it in the 800 area. He ignored my advice.
 


"Money cannot consistently be made trading every day or every week during the year." ~ Jesse Livermore Trading Rule