Locator: 46324TECH.
Saturday, December 16, 2023
DAPL Comments Submitted; Now Being Reviewed
Locator: 46323DAPL.
Unfortunately, I think the "common sense" train left the station a long time ago. From Geoff Simon's top stories of the week:
And:
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DAPL Related But Not The Easement Issue
Today: Barron's On-Line Edition -- Front Page -- Position One -- December 16, 2023
Locator: 46322NVIDIA.
Also here: link here. Reading the comments is very useful / helpful.
CUDA: link here. Proprietary, Nvidia.
PEG ratios: link here. The lower the better, all things being equal.
The other day I had to make an investment decision: UNP vs CAT. Based on the PEG ratio, I made the better choice. Interestingly, using "sentiment" brought me to the same conclusion.
Reminder: Themes By Year
Locator: 10010THEMES.
Reminder: themes -- 2024 is tracked here.
Locator: 442024C.
The 2024 Presidential Race
Tracked here.The Over-Riding Themes
Global energy: the 21st century is America's century.
Information: it's all about AI.
Apple And Broadcom Update -- December 16, 2023
Locator: 46320AVGO.
Reminder: Apple Silicon is tracked here.
First, the ticker, AVGO, one-year and five-year charts for Broadcom (a huge thanks to a reader who "told" me about AVGO. AVGO is now a major component of my portfolio).
For serious investors (i.e., those not investing in GM), this may have been one of the best graphics I ever posted. Note the "red star" / Broadcom. Below the fold, important story regarding Apple and Broadcom.
Apple's iPhone suppliers:
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Apple And Broadcom
GM Under Mary Barra -- A Lost Decade -- December 16, 2023
Locator: 46319GM.
This entire debacle is tracked here.
Wow, talk about a fair-and-balanced article, bordering on the absurd.
A lot of schadenfreude.
One question: would you still be CEO if your results looked like this?
A must-read article.
I'll come back to it later. For now, just the graphics.
Interactive Inflation Graphic -- December 16, 2023
Locator: 46318ECON.
Link here. Tag inflation chart graphic.
At the link scroll down to the graphic and then click on the sector at the legend to the right of the graph.
I don't think any of these graphs make me a better investor but it helps me fact-check the talking heads on CNBC and helps put things in better perspective.
Farther down on that same page, the CPI since 1913.
Looking at the last column: average annual percent change -- "AVG - AVG":
- 2019: 1.8%
- 2020: 1.2% -- Covid-19 lockdown
- 2021: 4.7% -- Covid-19 lockdown
- 2022: 8.0% -- "area under curve" meets "supply chain woes"; inflation spike had very little to do with anything else
- 2023: 3.5%? -- Fed,other analysts foresee change around 2% going into 2024 - 2025
Important to note:
- "area under the curve": well understood
- "supply chain woes": has never been adequately explained to average investor
So, we had one year of a spike to 8% coming off something we had never seen before: "area under curve" meets "supply chain woes."
And worse, the "supply chain woes" were exacerbated by challenges of the Fourth Industrial Revolution.
So, a one year spike.
We have had it worse: look at the period from 1968 to 1991 -- 23 years.
Much, then, derives from that.
I think it's fascinating.
It doesn't make me a better investor but it reassures me I'm on the right track.
It also speaks volumes about CEOs who say they are struggling due to inflation.
Which brings me to Mary Barra and another stand-alone post later.