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What's a "financial advisor"?

Given that disclosure of BRK taking a stake in TSLA would likely cause a big pop in TSLA share price, it is possible that Buffet concluded (and was able to convince the SEC) that it would be preferable for this pop to occur after S&P inclusion rather than before, such that millions of index fund...

Is this the real world? Pinch me so I can wake up! If somebody had told me at the beginning of the year that TSLA would trade above $500 by August, I would have thought that's nuts. Yet here we are .... after a 5:1 stock split, nonetheless!

Haha, Polestar competing with Audi etron for "most elegant pull away"! Actually, my 1998 Honda Civic beats both in the sublime slowness/elegance of its pull away.

Polestar 2 first drive: Why Tesla might not be the competition for this particular EV Interesting quote: "We asked Polestar about Tesla, but the company said its data and research pointed out that Tesla wasn’t its real competition. It turns out Tesla owners and buyers interested in the brand...

Watch out, Spain imposes a "wealth tax" on your global assets (if you are a resident), up to and above 3% of your assets every year! That seems like a high price to pay to live in a "cheap place".

Sure. 3 months maybe, 6 months definitely!

Would the armchair mathematicians please stop throwing around the term "log normal graph". Log normal does not mean what you think it means. The term you are looking for is "semi log plot". (You might also want to rethink your theory as to how to integrate a curve that looks like an ellipse in...

We're already NUMBER ONE in active infections. Reclaiming our rightful leadership position in the world!

Ask them to share the minute-by-minute (or second-by-second) Level II order book data with you. If they refuse to share, they are lying.

Market order to buy means an order to buy at the best possible price, i.e., at the lowest ask price on the order book at the time your order is received. If you didn't get the best possible price, you have a valid grievance against your broker. If your broker won't reverse your trade, I would...

She lived in Franklin Township/Somerset County. Don't know which hospital, may have been outside Somerset County.

Constantly following the skyrocketing infection and death numbers kind of numbs you to the terrible reality of this disease - until it hits somebody you know. My in-laws' neighbor just died of covid-19. I had talked to her a couple of times in the pool. Lovely lady. So sad. She's just one of 419...

Fact Checking's facts check out, after all! Thanks for the fact checking, Fact Checking!

I am not sure where you get this info from. (Hopefully not "the dictionary".) According to my extensive research (i.e., 2 minutes of googling), the "uptick rule" means: A short sale has to occur at a price that is either above the previous transaction, or at the same price as the previous...

You shoot up when the stock goes up? You must be high a lot these days! ;)

You know the AI takeover is near when the AI bots are giving themselves Turing tests...

I can confirm this. Couldn't log in for most of the day. Folks, if you don't want to be locked out of your account, don't use Merrill Edge. I'm done with them. Stock tanking? Need to sell in a hurry? Chances are you'll be out of luck, to the tune of "We are sorry, due to above-average traffic...

Just looked, did we skip the 800s??? A glitch in the matrix, maybe?

Uh...more like a decade's worth here...just today! I'm still reeling. I this the real life, or is this just fantasy?

Eike Batista is your friend? That's quite a story!

...while others here are dreaming of private islands made of cat food and catnip! :p

Haha, I love it! That's my home town at 1:26. Funny thing is, from the Porsche Museum in Zuffenhausen, it's 120 km to Heidelberg, and from there, another 120 km (and lots of uphill) to the Schwarzenbach dam in the Black Forest, where the final scene plays out. Not taking into account a detour to...

He has said as much.

Option premium = intrinsic value + time value. Option premium is the current price of the option. "Intrinsic value" is the amount by which an option is in the money. For out-of-the-money options, premium = time value.

I think the technical term is "a more elegant pull-away"! :D

Thus share buybacks are typically done if a company sits on a huge pile of cash without much of an idea of how to invest the capital profitably. The share buyback is a way of returning the extra (not needed) cash to the investors, while keeping everybody happy. Happier than paying a dividend, in...

The value of your shares doesn't change. After the stock buyback (assuming you didn't sell), you own a larger portion of a smaller company, if by company we mean the enterprise plus the company's cash. The value of the enterprise is the same, the cash is gone, there are fewer shares outstanding...

I realize this is counter-intuitive, but (as explained in my two previous posts) large-scale stock buybacks do indeed reduce market cap. It is the enterprise value that remains unchanged. Maybe people can't follow my explanations because I'm just a physics professor, not a finance guy. But here...

That is correct. That is why valuing a company based solely on EPS is a fallacy. Obviously, potential earnings growth plays a big role, but even if the company were static (no growth), EPS is not the whole story: Any cash holdings increase the value of the company by an equivalent amount, and...

Fredneck is right. You are neglecting the fact that any cash (and debt) must be included in the market cap. Spending money on a share buyback reduces the amount of cash, and therefore the market cap by an equivalent amount. Imagine, for the sake of simplicity, a company holds $100 million in...

Fair enough. Please replace "GDP" with "yearly GDP" in my above post. (Didn't occur to me that anybody would think I meant GDP per microsecond or such. But I underestimated all the Dunning-Kruger effect experts. ;) ) "Blackstone manages more money than Germany + UK produce in economic output in...

If they are serious about this move toward sustainability, the significance for the planet and the investment world (and hopefully TSLA) cannot be overstated. Blackrock has $7 trillion under management. That's more than Germany's GDP and the UK's GDP combined.

Interesting max pain point. However, your explanation involving the bankruptcy puts is not correct. The max pain point is the closing price that maximizes the pain for the option buyers, and maximizes the gain for the option writers. Here is an example of how it's calculated. For any given...

I am quite convinced this is true: Stock going from $48 to $53? "Meh." Stock going from $480 to $530? "Irrational hype!" Stock going from $4800 to $5300? "BUBBLE ABOUT TO BURST!!!!"

From the article: "According to Diess’ reckoning, one-third of the vehicle fleet on the road by 2030 would have to be all-electric in order to achieve a 30 percent reduction in fleet CO2 emissions by the same year." But you're right, while some people may be proposing ambitious targets, I...

I believe you are misunderstanding what Diess is saying. To be clear, Diess is talking about a 30% reduction in CO2 emissions of the German automobile fleet by 2030 (which might be achieved by an automobile fleet that is 30% electric), not 30% of yearly automobile production being EVs...

Having a good time: Today alone, I'm up more than my yearly salary. :D Don't stop me now! Cause I'm having a good time, having a good time... Like a tiger defying the laws of gravity... I'm a racing car, passing by like Lady Godiva... Yeah, I'm a rocket ship on my way to Mars... Don't stop me...

If true, I must be very smart. But getting dumber at breakneck speed these days! :D

If any of the legacy auto manufacturers are going to go out of business, I really want it to be BMW. Let me explain: BMW is 50% owned by two members of the Quandt family, Germany's richest family (Stefan Quandt and his sister Susanne Klatten, Germany's richest woman). Together with their...

Self-Proclaimed 'Free-Market Purists' Dismiss Elon Musk at Their Peril “Know your customer” is all about rushing the present into the future. It’s primitive stuff. ... Musk is no imitator. Not even close. He’s an entrepreneur. Entrepreneurs do things that no one expects, and that most think...

Or if he had deadpanned: "Folks, this is why you need Tesla Insurance!"

Are you kidding me? Tomorrow's Consumer Reports headline: "Cybertruck not recommended: Paint so thin you can see the bare metal!"

I want to break free...

Today seems like a good day to reveal my new signature line:

It's clearly a joke/trolling. There is no such thing as an Austro-Hungarian DMV, as the Austro-Hungarian empire has been dead for over 100 years (was dissolved in 1918). Edit: Andy O beat me to it. (But if he hadn't, I wouldn't have gotten post #88000...)

That should really get the creep banned from Twitter.

That's quite remarkable: Apparently the German auto manufacturers feel so threatened by Telsa that they have to defend their competitors (Daimler vs. Porsche) against Tesla!

I can say with certainty that at Plaid speed, the Doppler effect will cause the Model S to appear blue while approaching, and red when receding from the observer.

If this is a "meh" rally, I can't wait for the "absolute unit" one when Nico shreds Toucan record on N-ring!