Potpourri -- Portland, Oregon -- February 6, 2023

Updates

February 7, 2023: Mark Hulbert -- of course, it would -- 

February 7, 2023: back in 1982 --

Last year the Biden administration did the right thing by collecting 1% on stock buybacks -- charged to the company -- and ultimately paid for by the shareholders -- as far as I'm concerned the practice of stock buybacks should be illegal -- who was president in 1982?

Yeah, Ronald Reagan. The dots are starting to connect. 

From wiki:

In most countries, a corporation can repurchase its own stock by distributing cash to existing shareholders in exchange for a fraction of the company's outstanding equity [is that what "we" do now?].  Cash is exchanged for a reduction in the number of shares outstanding. The company either retires the repurchased shares or keeps them as treasury stock, available for re-issuance.

Biden will get a chance to see how much pain the market / Wall Street is willing to accept. I'll be disappointed in any politico protesting this initiative. 

Original Post

Investing. Link here. 

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Investing In Fossil Fuel Energy

Shares of oil companies will never do as well as they should simply because there's too much "negativity" and "baggage" associated with him. They will never benefit from MOJO or FOMO.

The only way these companies can reward their shareholders? Dividends. Even buybacks are worthless if shares don't appreciate. 

Link here.

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Shopping In Portland, OR Today

Sherpas on sale: BOGO free. Two for the price of one.

 

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Lunch

Helping support the Russian seafood economy.

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The Book Page

Three books bought at Powell's Bookstore:

• The Rise and Reign of the Mammals: A New History, From the Shadow of the Dinosaurs to US, Steve Brusatte, c. 2022.
• Lady Almina and the Real Downton Abbey: The Lost Legacy of Highclere Castle, The Countess of Carnarvon, 2011.
• The Lord of the Rings, J. R. R. Tolkien, deluxe edition, 2004. Notes on the text: Douglas A. Anderson, May, 2004