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gwynfryn

gwynfryn
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  • Google, Facebook, Amazon, others slide following Netflix/eBay's results [View news story]
    It will in due course, and not just for stocks with no earnings!
    Oct 18 11:28 AM | 1 Like Like |Link to Comment
  • Did BlackBerry Sell 200,000 Passports Or A Million? [View article]
    I think that's unlikely, CS, as, even with the sort of margin I think the PP earns, you have to sell a half million or so, just to cover R&D and production set up. I realise that much of this will have been paid out before Chen could yea or nay it, but even so, once committed, it doesn't make economic sense to only produce small runs. It does make economic sense to make a premium product (for which I believe the PP qualifies) "hard to find", to create a perception that it is desirable. I do not understand why such intangible perceptions influence so many status seeker types, but observe that it is an enormous factor in sales success. Witness how, despite the bendy scare, iPhone 6 has gone on to set new sales records, regardless of the fact that phones like Samsung's new Note have had generally better reviews!
    Oct 18 11:00 AM | Likes Like |Link to Comment
  • Facebook: Great Entry Point For A Fast Growth Company [View article]
    Not alone; the article fails to mention that the next billion users will be considerably less wealthy than the first. There's also the high probability, at least to my mind, that the market in general is overblown, and that serial QE by pretty much every big country has only pushed the problems down the road, and has never offered a real solution. One thing might bolster FB though; does anyone know if ad budgets in general go up in a depression?
    Oct 18 10:40 AM | Likes Like |Link to Comment
  • Facebook Set To Capitalize On The Next Billion Internet Users [View article]
    Any body fluids, not just from a sneeze.
    Oct 18 10:29 AM | Likes Like |Link to Comment
  • Goldman: Every client asking about the same four things [View news story]
    Agreed on capital gains tax, BS; it should be twice that paid by those who have to work for their money, but unfortunately, especially in the US, lobbyists have influence, and the rich are happy to pay them for it.


    As for raising all ships, another way of putting it is that higher production is making goods more affordable (but do kids really need all those disposable plastic toys?) which creates the illusion that the lower classes are better off. It's true that even food took up a much larger percentage of income when I was a lad, but does it follow that working class wages, as a percentage of the total wealth created, has gone up? I think not; it's all down to how you measure it.


    Then there's the wage inequality, which arises directly from the fact that, as they've consistently demonstrated, those who determine everyone's salaries, will pay their own kind as much as possible, and everyone else as little as possible, as long as they are allowed to (yes, I'm generalising, or I'll be writing all day long...)! QE won't change this; Nero didn't force a debasing of his gold coins (which, incidently, further enriched those in the know, who had the means to hoard the older coins; it's always the same story, the connected wealthy are the ones who profit most) to improve the peasants' standard of living, he did it to increase his own! De Gaulle had the right idea; mandate that CEOs be paid no more than 5 times the average production workers wage (or something like that) and back then it was perfectly feasible, as most MDs managed on that, so what has changed so they now need 200 times?


    Unless the way wealth distribution is determined, is fundamentally re-imagined (aren't politicians/governments supposed to be able to do this? Why do they act as if the present system was set out in tablets of stone?) then these cycles will just get worse until the poor figure out they'd be better off without CEOs and governments, and we go into the next (and probably last) Dark Age, and artificially affecting the real value of money is just putting off much needed real solutions, by papering over the cracks...
    Oct 17 10:04 AM | 1 Like Like |Link to Comment
  • BlackBerry's Margin Of Safety: Part 3 [View article]
    Ah yes, the "innovative" phone! Like trying to sell snow to Esquimos...
    Oct 17 09:39 AM | Likes Like |Link to Comment
  • Goldman: Every client asking about the same four things [View news story]
    So all this QE is really intended to strengthen the USD, sc? Thank you so much, as I really hadn't considered that possibility...
    Oct 16 11:37 AM | Likes Like |Link to Comment
  • Goldman: Every client asking about the same four things [View news story]
    And more pollution, too; whoopee!
    Oct 16 11:34 AM | Likes Like |Link to Comment
  • Goldman: Every client asking about the same four things [View news story]
    Does it really matter, B? In my sixty years I've seen just one permanent effect of high growth periods; it makes the rich richer, and the poor poorer!
    Oct 16 11:31 AM | 1 Like Like |Link to Comment
  • Goldman: Every client asking about the same four things [View news story]
    BS, money printing devalues the currency, as does inflation, so why is one preferable to the other? I wonder too, how QE helps the economy, by supposedly boosting exports, when the importers at the other end are doing the same thing? Smoke and mirrors that have only one permanent and tangible measure; the poor keep getting poorer (because they have no control over their incomes, and so end up with less valuable salaries, even if the numbers haven't changed...).
    Oct 16 11:29 AM | 1 Like Like |Link to Comment
  • Bank Of America's Whisper Number Showing Confidence [View article]
    I generally agree, aob, but I also suspect that, when the conditions are unchanged, or only evolve in an orderly manner, then I suspect there are patterns, that tend to repeat more often than not, that can be profitably used, if only they can be found. That latter is quite a challenge, but not beyond the means of a good data miner (such as I hope to build in coming months) backed by a sensible strategy (on the lines of : lots of diverse small bets, and be ready to settle for small steady wins). I haven't studied WN's methods, and so won't comment on them, but I'm already unhappy with his offensive responses...
    Oct 16 11:22 AM | Likes Like |Link to Comment
  • BlackBerry's Margin Of Safety: Part 3 [View article]
    If they did, map, would you trust them to be truthful? Recall Heins' claims of millions of Z10s sold; as I see it, Steve Jobs started a bad trend with his "CEO as cheer leader" stints: its safer to trust those figures that can be verified...
    Oct 16 11:09 AM | 1 Like Like |Link to Comment
  • BlackBerry's Margin Of Safety: Part 3 [View article]
    M-SN, to whom are you referring? It'd be nice to know, and it is a rather long thread...
    Oct 16 11:02 AM | Likes Like |Link to Comment
  • Nokia Going Well Despite Declining Environment [View article]
    Perhaps, but once would suffice!
    Oct 15 11:46 AM | Likes Like |Link to Comment
  • Nokia Making All The Right Moves [View article]
    That's quite a coup, isn't it, U8? Getting the nod over their chinese competitors must have left them feeling pretty chuffed!
    Oct 14 12:48 PM | Likes Like |Link to Comment
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