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GaltMachine

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  • Treasuries Are Fairly Priced Relative To Equities [View article]
    TheHammer,

    I get 0.9% for my Amex Online Daily Savings account.
    Apr 29, 2015. 12:25 PM | 2 Likes Like |Link to Comment
  • Why Tesla Needs To Increase Pricing In Asia And Pursue Fleet Sales [View article]
    "Increased regional variations (i.e. long wheelbase models, more grandeur and opulence);"

    Maybe Tesla can't actually do a long wheelbase model because of the retooling/redesign involved.

    Good idea nonetheless.
    Apr 29, 2015. 10:54 AM | Likes Like |Link to Comment
  • Treasuries Are Fairly Priced Relative To Equities [View article]
    Robert,

    I don't disagree with that sentiment hence the complexity hidden beneath the surface.

    I own bond funds for the reasons you mentioned but for many people taking an actual loss is harder to stomach than the phantom loss of purchasing power.

    Bonds are the one asset class where I think active management truly has its virtues.
    Apr 29, 2015. 10:22 AM | Likes Like |Link to Comment
  • Treasuries Are Fairly Priced Relative To Equities [View article]
    Interesting quote. If you own the bond rather than a bond fund you don't actually take a loss if you hold to maturity and you get the cash flow you were promised - purchasing power is where the loss occurs.

    The whole own a bond versus own a fund is an interesting debate with a lot of pros and cons supporting both viewpoints. Selling a lower interest bond and reinvesting it in a higher coupon bond creates some interesting math to muddle through (greater return, tax losses, etc.). People think bonds are simple but they are not.

    Glad I am out of the business of managing people's money :)
    Apr 28, 2015. 04:31 PM | 2 Likes Like |Link to Comment
  • Why The Battery Storage Initiative Is Worth No More Than $3.60/Share To Tesla's Stock Price [View article]
    Interesting story on Mashable today regarding Tesla owners and their experiences with it. Mashable is Silicon Valley personified. Tesla must be really revving up the PR machine.

    Interestingly the story is actually pretty negative from my viewpoint (range anxiety) but filled with gushing praise from owners.

    http://on.mash.to/1zl98UZ

    "The luxury buyer

    The earliest Tesla adopters aren't all geeks from Silicon Valley. Some just want the latest high-profile toy.

    by Lance Ulanoff "

    "For Karos, she describes her Tesla as if she's reading a script for a luxury car commercial voiceover: "I chose it, because when I got in it, there was nothing else like it for the size. Just cutting edge. Main reason was I wanted a sports car and I wanted something sleek."

    Then a rare pause before she recounts a particularly distressing experience she had with her new car."

    It was shortly after Karos purchased the top-of the line, electric sedan. She says, “Soon as I got it, I took it on a long trip, which is not recommended."

    "As Karos drove, she noticed the warning message: “Charge Now. Charge Now." Her concern grew. She realized she’d need to find a charging station well before her planned destination.
    I was trying to cross the light…and barely made it."
    Apr 28, 2015. 04:06 PM | 2 Likes Like |Link to Comment
  • New Home Sales: The Price Of Lumber Is Forecasting A Big Downturn [View article]
    "Perhaps the best indicator of the weakness in the market for new home sales is the rapid decline in the price of lumber. As this chart below shows, the price of lumber has been dropping since early 2013 (weekly price of lumber)"

    Isn't this very bullish for the profitability of the US home builders?

    I don't pay much attention to the home builders but this now has my interest.

    Thanks!
    Apr 28, 2015. 03:56 PM | 3 Likes Like |Link to Comment
  • About That BMW i5 And Its Impact On Tesla [View article]
    watching,

    Thanks for the link. Along those lines.

    Funny whenever I think of Tesla, I think of his flying car idea with the sky-based electricity to car charging system for the power. Maybe someday!

    Although I have to admit that the thought of random bolts of electricity shooting through the air all around me might be a bit freaky and perhaps a tad terrifying to the average person.
    Apr 28, 2015. 03:04 PM | Likes Like |Link to Comment
  • Why The Battery Storage Initiative Is Worth No More Than $3.60/Share To Tesla's Stock Price [View article]
    Whos,

    "So until the subsidies for food go away, no one has the right to complain about alternative energy subsidies. "

    Why because you said so?

    LOL

    100% of people eat food every day so probably a net positive, don't you think?

    Not all government is bad, nor are all govt initiatives bad. Unless of course you are one of those people that is willing to take food out of the mouths of babes. I am not one of those.

    Alternative Energy Subsidies (Teslafornication) is bad. That wasn't so hard nor is it hypocritical.

    ;)
    Apr 28, 2015. 01:19 PM | 6 Likes Like |Link to Comment
  • About That BMW i5 And Its Impact On Tesla [View article]
    watching,

    "actual owners actually complain about having to plug in their cars?"

    I think the issue is more about potential owners/buyers not wanting to do that. Count me on that list.

    It would be cool if Tesla could design a "charging pad" that you park on top of to charge the vehicle. Even cooler would be if it did it lightning fast (pun intended). That would be an innovation worthy of its namesake.
    Apr 28, 2015. 01:09 PM | Likes Like |Link to Comment
  • Why The Battery Storage Initiative Is Worth No More Than $3.60/Share To Tesla's Stock Price [View article]
    Anton,

    "The big swing factor is government subsidies, as always."

    I think we need to come up with a neologism that is more descriptive than the benign word "subsidies" because it does not adequately convey what is being done to taxpayers by all these corporate welfare cases led by Tesla (why the hell does BMW, Nissan, GM, etc. need to be paid off?) especially in California.

    I propose "Teslafornication" in an homage to the TV show.

    :)

    PS. This was meant to be humorous in case it wasn't obvious. I know how sensitive some are on this board when their favorite stock is perceived to be under attack.
    Apr 28, 2015. 11:01 AM | 15 Likes Like |Link to Comment
  • About That BMW i5 And Its Impact On Tesla [View article]
    Sid,

    "Anton, Is there any current or future car, that is not a pure ICE vehicle, that doesn't impact Tesla according to you? How many articles will you write about cars that will "impact" or "kill" or otherwise compete with Tesla? "

    Replace Tesla and BEV with ICE in that sentence and the same sentiment could be said of you on the other side ;)

    All cars are potential substitutes for other cars in the classic economic sense (coke vs pepsi, burgers vs. steak, coffee vs. tea, etc.).

    Plus he gets all the additional attention from fans and haters by linking the two.

    Who is the evil genius now?

    :)
    Apr 27, 2015. 01:01 PM | 2 Likes Like |Link to Comment
  • Gross: Everyone hated bonds at double-digit yields 35 years ago [View news story]
    The conventional wisdom is usually Conventional Wisdumb.
    Apr 27, 2015. 12:42 PM | Likes Like |Link to Comment
  • About That BMW i5 And Its Impact On Tesla [View article]
    Can anyone explain why the CPO models on the Tesla site have such low mileage for 2013 year models (some have just over 1,000 miles) and the average seems in the 3,000/miles/yr range?

    http://bit.ly/1dkDQU8

    Also, why would someone sell a 2014 model? I am confused as to where these cars are coming from. Are there 1 year leases?

    Thanks
    Apr 27, 2015. 11:10 AM | 1 Like Like |Link to Comment
  • About That BMW i5 And Its Impact On Tesla [View article]
    "To compete against Elon is like a blind man playing poker against a Pro with nothing but Aces up each sleeve---NO ONE IS EVER going to best Elon Musk!!!! "

    Clearly you have never actually played poker. Aces are good about 80-85% of the time in a heads up situation (depending upon the odds calculator and the game).

    Choose a different analogy ;)
    Apr 27, 2015. 10:57 AM | 3 Likes Like |Link to Comment
  • About That BMW i5 And Its Impact On Tesla [View article]
    "If you want to buy that report, it's available for $496,000."

    I have to assume this was a typo :)
    Apr 27, 2015. 10:53 AM | Likes Like |Link to Comment
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