@zerohedge SAT exams don't make any sense. If you want to know true aptitude, testing should be relevant to the academic goals. Like they do in India and China for engineering and medical.
@saxena_puru@AndreasSteno At Forward PE of 6 for Micron, that is 16.6% annual return. If supply shortage lasts till 2028, that is 50% return on investment within 3 years. Even if stock crashes to half, hard to see how I lose.
What am I missing?
@CNBC@SquawkCNBC Steve Jobs had a very similar view in 2007:
ββ¦ But one of the ways that I believe people express their appreciation to the rest of humanity is to make something wonderful and put it out there.β
Traditional charity is great, but great capitalism often does more.
@anandchokshi19 It is not JP Morgan's money. It is client money. JP Morgan's own money is typically invested as corporate and consumer loans, as is true for all banks.
For banks to invest in Equity, they are required to hold a very large amount of capital, making it prohibitive for them.
@ns123abc Everyone who owns Google stock, indirectly owns SpaceX and many private companies.
However, it is well accepted answer to say that we don't own a stock, unless ownership is direct.
@UziCryptoo Real estate assets are treated as a different investment than financial assets.
There are significant tax breaks for mortgage financing and resale of property that don't exist for financial assets.
On flip side, there is property tax, while no wealth tax for financial assets.
@wallstengine The fact that Sam Altman has no equity is huge advantage to OpenAI as he is not diluted with each capital raise.
Dilution worries is what prevents management from growing through equity.
@SumitM_X VPs at investment banks perform roles and are paid at levels that are comparable or higher (specially in front office) to VP roles in many industries.
Having worked at cross-section of industries, I have witnessed this first hand.
@TukiFromKL Bezos doesn't have $234B. Most of that number comes from his stake in Amazon, that is only worth money if the company is showing growing profits.
Otherwise, his net worth comes crashing down along with all shareholders.
@financedystop Many MRI and Radiology labs quote you a price if you pay cash that is lower than the negotiated price they receive through insurance.
Obviously!