11–20 of 24 posts
"They are currently valued at about $50BN, but are growing at about 20-25% annually and will continue to do so for the next few decades." Hello, unfounded assertion...
Thorium would cover a great deal of that; the critical resource we need is optimism.
Disclaimer:I am (stupidly) waiting for a local minima in AMZN's stock price to buy more.
"They are currently valued at about $50BN, but are growing at about 20-25% annually and will continue to do so for the next few decades." Hello, unfounded assertion...
Amazon is leading two separate businesses that are growing very fast: online retail and cloud computing. It's sort of like being in the chain store business and the electricity business at an imaginary point in the 20th century when they both were about to take off. Disclaimer:I am (stupidly) waiting for a local minima in AMZN's stock price to buy more.
Amazon is leading two separate businesses that are growing very fast: online retail and cloud computing. It's sort of like being in the chain store business and the electricity business at an imaginary point in the 20th century when they both were about to take off. Disclaimer:I am (stupidly) waiting for a local minima in AMZN's stock price to buy more.
The stupid part about waiting for a local minimum isn't the waiting, it's the thinking that you can even identify a local minimum.
Given that and my long horizon, it is absolutely stupid, but that's (my) human mind for you.
"On average across all 15 markets, missing the best 10 days resulted in portfolios 50.8% less valuable than a passive investment; and avoiding the worst 10 days resulted in portfolios 150.4% more valuable than a passive investment. Given that 10 days represent less than 0.1% of the days considered in the average market, the odds against successful market timing are staggering. "
N.B.: To put a less stupid slant on it, I am sure ;) that the markets will shortly give in to periodic hysteria about the economy tanking, affecting retail, taking Amazon down with them
Nevertheless, the OP definitely falls into the "overly enthusiastic bulls" category. What large companies have grown at 15% a year for 20 years?
Amazon is leading two separate businesses that are growing very fast: online retail and cloud computing. It's sort of like being in the chain store business and the electricity business at an imaginary point in the 20th century when they both were about to take off. Disclaimer:I am (stupidly) waiting for a local minima in AMZN's stock price to buy more.
Earlier quoted context omitted.
"The housing market is growing 20-25% annually and will continue to do so for the next few decades."
He might simply be assuming a high inflation rate. At 10% inflation, prices will multiply roughly 8x in 20 years, so a trillion dollars would only be about $125B in today's dollars. That's only about half of Wal-Mart's market cap.