%% OK; Looks like GM was reading your public mail perhaps LOL, but that why unionized GM went bankrupt once .No wonder F,TM ,HMC tend to have better businesses +rides . F stock shorts may differ\ ok \that can be true even with a better ride. IN no way\ did my down trend comment in US used tool prices....... \ my downtrend comment in gasoline prices \ was not meant to suggest FED policy was not working LOL. LOOKS like Mr Paul tudor Jones + Stan Druckenmiller tech socks are doing much better now; they tend to do that in 4th quarter. NOT a prediction. + OCT ,''Fireside Chat'' closed bearish
Maybe more management's bad decisions than unions, Mr. Turtle... I recall, in the 1950s, when every year VW beatle sales were increasing dramatically and the major U.S. Car company's were telling us what we want. "We Americans don't want little cars! We want BIG cars" with gold flecked, clear plastic seat covers. Kinda like when IBM said those little microcomputers are just toys, they're never going to replace mainframes. When IBM was finally forced to make a foray into the PC market (the "PC" abbreviation is due to IBM!) --- they had success at first, but eventually failed because of intense competition. Speaking of failure, does anyone remember the IBM "Peanut". They failed to appreciate the importance of what was happening all around them. They waited far to long to jump in. When they finally did, they thought they could trade on their reputation. They drastically underestimated their competition. IBM put out a flashy whole page ad in trade publications saying they were going to bring legitimacy to the mini and micro computer market. Data General, or one of the other big mini computer manufacturers at the time, responded with their own ad saying "The Bastards say Welcome." (I wish to god I'd had framed those two ads.) Needless to say, IBM was never able to dominate the PC market as thy thought they easily would. They sold to Lenovo after a long quiescent period. Had they jumped in early, when Altair's headquarters was located in a backyard garage in Albuquerque, they might have captured what became the microcomputer revolution. (In the early days, you bought microprocessor kits from an ad in the back of Popular Mechanics.)* Naturally, there are many reasons GM couldn't survive the Great Recession and eventually was reorganized out of Chapter eleven. Probably those reasons had less to do with Unions and more to do with bad decisions on the part of management. But we should not overlook the two billion it cost GM to buy itself out of the PUT Option they gave Fiat (see History of GM on Wiki) and the role medical care costs of retirees played in bringing down GM, once the worlds largest corporation. As to U.S. Medical care costs, they're only at the disaster stage. It's got to get to the the point where everyone in the economy is working on medical billing before we are forced to fix the problem --- 155 million working age adults all sitting behind computers typing on insurance forms. We are still a ways off from that --- not all that far though. We will get there. Eventually will be out of stop gap measures. We'll be forced to adopt the same solution that all other developed countries have. It is just a matter of time. We insist on finding our own solutions to every problem and pay no attention to what has already proven to work. You've heard of "American Exceptionalism". Well, ingrained stupidity is where it comes from. _________________________ *when you have time, go to https://www.computerhistory.org/timeline/1973/ This bring back so many memories to me. I was a part of this. I had junk like this in my lab and we wrote our own operating system in Forth (which see).
%% NO wonder GM\ IBM\couldn't even keep Ross Perot sattisfied LOL,super big mistake. Back to tech trends, private sector trends /good uptrend much better than Medicare or gov goofy health care.....................................................................................
%% Young people see crypto cr@p bit cons [rat poison] as a store of value. So i dont blame you for avoiding that risk question of how stupid is that risk. You maybe right on that. But that's the same group that goes around with thier nose in a ''smartphone'' + gets run over more. Actually, I get some good ideas from new investors + kids so not a broad brush against kids/ . I'm like the SEC\against bit cons+ crypto cons. Good question ''Great Analysis'' unquote .
If you are 81, you are young enough to run for president, against Biden and Trump. For trading/investing you have 20 year, to catch Charlie Munger.
One topic Druckenmiller said resonate with me: We are at a tipping point in our fight against disease/cancer. There is a good trade or two there.
Jeezus, I just looked up Munger's age. He' 99!!! He looks like he could be a good candidate for hormone replacement therapy.