Stock scream room

Discussion of the Stock portion of the Permanent Portfolio

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Kriegsspiel
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Re: Stock scream room

Post by Kriegsspiel » Wed Jan 23, 2019 1:40 pm

dualstow wrote:
Wed Jan 23, 2019 9:46 am
Not only do you appear to read a book a week, Kriegs, but you also have excellent recall.
Seems that way.
If it's anything denser than Stephen King, I can't read a book in a week.
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* writer of books of equal density as Stephen King
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Re: Stock scream room

Post by dualstow » Wed Jan 23, 2019 8:06 pm

They’re also fans of each other.
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Kriegsspiel
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Re: Stock scream room

Post by Kriegsspiel » Sat Jan 26, 2019 7:56 am

ochotona wrote:
Wed Jan 23, 2019 9:28 am
Completely out of ideas, so buy back shares, get my bonus, pump and dump.
Hey, they're not totally out of ideas on how to spend dat money.
Messaging startup Hustle projected the picture of Silicon Valley largess. The company spent millions of dollars raised from investors such as Alphabet Inc. GOOGL 1.62% on expensive new hires, on-tap kombucha, arcade games and a six-figure salary for its pedigreed chief executive.

So it came as a shock to many employees earlier this month when co-founder and CEO Roddy Lindsay sent them an early-morning email announcing mass layoffs. Before the week was done, even the espresso machine was ripped out of the kitchen at Hustle’s San Francisco headquarters.

Hustle is hardly the first startup to spend lavishly in an era of technology riches. What is new these days: The bill is coming due.
. . .
“The unbridled optimism that inhabits our world,” said startup investor Sunny Dhillon, “is getting a shot of realism.” link
The spokeswoman said about 70% of the company’s operating costs go toward salaries and benefits. Hustle paid Mr. Lindsay $125,000 a year, which the spokeswoman described as more than 60% below market rate. Last week, Mr. Lindsay agreed to reduce his annual pay to $55,000, she said.

Mr. Lindsay has told associates he is bringing in a new high-level hire for strategic help. The new executive is well-known, according to a person briefed, for having helped liquidate Pets.com during the dot-com bust.
:D
Only a few prefer liberty-- the majority seek nothing more than fair masters.
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Kriegsspiel
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Re: Stock scream room

Post by Kriegsspiel » Sat Jan 26, 2019 1:57 pm

I've been listening to Joe Rogan's podcasts recently, and I'm on his (superb) #910 with Gary Vaynerchuck, and he said something that made me think of this thread (well, that article I just posted, but I felt like sharing anyways).

At 1:39:20:
Gary: And then you had the worst wave [of tech entrepreneurs], which was the people who blindly just thought, because they were 22 and wore a hoodie, that they were gonna invent the next Facebook.

Joe: Yea there's a lot of posers, right?

Gary: You understand that there's a very big difference between being an entrepreneur... and being a successful entrepreneur. But the market right now, everyone's like 'oh, you're a CEO and an entrepreneur?!' Like as if you won. That's like me saying I'm a basketball player. I play basketball, but I'm not making any fucking money. And so yea, we have a real issue in fake entrepreneurship right now. Everybody thinks it's cool; it became cool.
It's like these tech companies have been infected by a meme that says they have to have arcade basketball games and ping pong tables next to their desks. Even if they're not successful enough to retain their employees, they want to LARP like they're Facebook or Google.
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Re: Stock scream room

Post by dualstow » Sat Jan 26, 2019 5:37 pm

These posts remind me of articles about San Franciscans resenting all the dot comers moving in. They were pleased by the last real bust. Alas, it looks like they’re there to stay. (Except the wise ones moving to Austin and other places).
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Re: Stock scream room

Post by ochotona » Sat Jan 26, 2019 8:29 pm

dualstow wrote:
Sat Jan 26, 2019 5:37 pm
These posts remind me of articles about San Franciscans resenting all the dot comers moving in. They were pleased by the last real bust. Alas, it looks like they’re there to stay. (Except the wise ones moving to Austin and other places).
Californian binches, fu**ing stay out of Texas
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Re: Stock scream room

Post by dualstow » Sat Jan 26, 2019 9:36 pm

O0
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Re: Stock scream room

Post by pugchief » Sun Jan 27, 2019 7:53 am

ochotona wrote:
Sat Jan 26, 2019 8:29 pm
dualstow wrote:
Sat Jan 26, 2019 5:37 pm
These posts remind me of articles about San Franciscans resenting all the dot comers moving in. They were pleased by the last real bust. Alas, it looks like they’re there to stay. (Except the wise ones moving to Austin and other places).
Californian binches, fu**ing stay out of Texas
LOL, maybe you can persuade POTUS to extend the wall around your N,W & E borders as well.
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Re: Stock scream room

Post by l82start » Sun Jan 27, 2019 8:08 am

or even better turn it north at Nevada then back west at southern Oregon...

just give a little warning please.. i would like to get out before it closes... :D
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Re: Stock scream room

Post by pugchief » Sun Jan 27, 2019 8:10 am

l82start wrote:
Sun Jan 27, 2019 8:08 am
or even better turn it north at Nevada then back west at southern Oregon...

just give a little warning please.. i would like to get out before it closes... :D
That is, actually, a better idea. Why only protect the good people of Texas? What about the rest of us? :D
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Re: Stock scream room

Post by Kriegsspiel » Sun Jan 27, 2019 8:25 am

It's not just the productive Californians.
Image
Yet another friend in LA has been blogging about the ubiquitous homeless camps in his neighborhood and how everything the city does (or doesn’t do) makes the situation worse – at enormous expense. The persistent lack of new smaller less expensive accommodations coupled with all sorts of other decades-long structural changes in the economy have created a homeless crisis. And the homeless population isn’t evenly distributed across LA. Palos Verdes, Century City, Bel Air, and Beverly Hills are relentless in their removal of undesirables. Fair-to-middling Van Nuys? It tends to absorb more than its share. His proposed solution is to gather up the homeless and relocate them.

“I am not opposed to using the Prop. H tax to pay relocation costs to the Rust Belt, or any place which would take them.”

Image

“At the Sherman Oaks bridge housing meeting someone suggested a sober living trailer city in the Antelope Valley. If people are serious about addressing the personal crises driving addiction and self-defeat, this is not a bad idea.”

“I think we can agree a trailer compound would have to be well off the beaten path. Not downtown Palmdale. Something like Slab City, but with structure. There’s a lot of rural space up off the 138 in northern LA county.”

Image

Ah yes. I can see the good people of Youngstown, Ohio and Antelope Acres so eager to receive steady flows of Los Angeles’s broken cast offs. How totally unlike Palos Verdes and Century City playing whack-a-mole and pushing the homeless over to Van Nuys… I wonder if my friend is aware of how heavily armed the folks in Antelope Acres are. Praise the Lord and pass the ammunition. Fun! link
Fucking crazy right?
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Re: Stock scream room

Post by pugchief » Sun Jan 27, 2019 8:41 am

Ah yes, typical coastal superiority attitude. Since they don't want them, ship them off to the rust belt? As if the homeless would rather shack out in the freezing cold half the year. And as if the rust belt states want a cancer that the coastal moron politicians brought on themselves. ::)
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