Brovane
Diamond Member
- Dec 18, 2001
- 5,480
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Managed funds consistently do worse than the S&P 500.
Judging by my Tesla deathwatch thread, I would say most people should never buy stocks. I made the bold (obvious) claim that a startup company with no earnings should trade at a significant discount to book value. People disagreed. According to ATOT, companies with negative cash flow are worth significantly more than companies with positive cash flow. These are the same people who bought shares of pets.com and AOL. These are the same people who bought sub-prime mortgage securities. These are the same people who bought 50 year old homes for half a million dollars and expected the price to magically go up. Cash flow? What's that?
Anyway, I always like to tell people how they can bet against me.
The way this works is very simple. My position is that the economy is getting worse and bankruptcies are likely to rise. If I'm wrong about this, high yield bonds will do exceptionally well JNK.
Still waiting on that Tesla Motors Deathwatch huh?
We'll know the recession is over when the fed decides to normalize interest rates.
Now you are just making up new definitions for words.