Locator: 48510BRK.
Locator: 48509SUPB.
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Results Photos
In standup paddleboarding, Kiri came in fourth, behind the fastest woman in Texas.
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Photos
Locator: 48508PERSINV.
A reminder: historically, the months of August and September are the worst months of the year for investors who hope to pay more for shares.
The chartist: a wild day on Wall Street yesterday -- not the least of which, Warren Buffett runs a trillion-dollar mutual fund!
The close: not too bad considering many folks feel the US is headed for a recession --
Choose your fighter, link here:
QQQ, the top ten, it's amazing, some folks on social media still don't get it, read the comments at the link:
When you're already the best, growth comes from sales, not innovation.
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Disclaimer
Briefly
Reminder
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Personal Investing
For The Archives
I first started buying NVDA a couple of years ago, and then quit adding to my position shortly after starting it. The run-up was becoming excessive.
Cramer might have suggested at some point to take half of my NVDA profits "off the table" and play with the "house's money."
I didn't sell, but on August 5th or whenever it was, with the huge reset, I bought more. Then ignored the market for about two weeks.
Immediately after NVDA reported earnings (actually the next morning because I don't trade after-hours), I took all the free cash I could find and bought more NVDA head-over-heels, as they say.
Actually, it was Sophia that was guiding me. She's responsible for all the investing now.
Oh, by the way, that reminds me. For the first time in my life, listening to Sophia, I am taking my "tax-loss harvesting" to a new level.
And then this article:
From the article:
It might surprise you that index funds such as the $562 billion SPDR S&P 500 Index EFT Trust (the first exchange-traded fund to track the US large-cap benchmark index) or the $248 billion Vanguard S&P 500 ETF have portfolios that are concentrated almost 20% to three companies: MSFT, AAPL, and NVDA.
I have never understood bonds. Maybe Sophia will figure it out.
I've never subscribed to the 60/40 portfolio -- again, because:
I have a rolling 30-year investment horizon.
I've also never understood the rationale for a traditional IRA over that of a Roth IRA, but that's a "story" for another day, though I have talked about it more than once on the blog.
I digress. Back to that 60/40 stuff. If one likes 60 (equity) / 40 (bonds), why not consider 60 (growth stocks) / 40 (value stocks with dividends).
Some energy stocks have paid over 6% year-over-year for decades. And reinvesting those dividends in those same companies have resulted in some huge positions. I'm not convinced those have been particularly great investments but the investments have never affected my quality of life, and have never caused me to lose any sleep. And now, Sophia has a pretty big position in energy companies that are paying 6% today and way, way, way more than that based on the original price paid 30 years ago.
As mentioned not too many days ago, I was negatively impressed with the select group of high-rollers at the most recent quarterly Schwab quarterly chartbook briefing -- and they spent valuable time quibbling over 4.3% vs 4.2% returns on bonds. It seems no one was paying attention to the elephant in the room, QQQ.
This is the type of question I would have enjoyed: does Schwab have an ETF like the QQQ? Link here.
The first question I would have asked: how can two "ETFs" with 94% correlation have such amazing different results? Assuming I'm interpreting that correctly. Are the results the same if "adjusted" for fees?
Locator: 48507ARCHIVES.
Time to clean up the office, fortunately I have the Bat Cave:
Prepare to prepare dinner, roast beef, to slow cook over 8 - 10 hours:
Reminder: salt, pepper, paprika, garlic powder, liquid smoke, Worcestershire sauce.
Painted rock garden: see this post for background. Now, another such mini-painted-rock garden has popped up. At the corner of Parr Park Road and Barberry Road, Grapevine, TX, just down the hill from Bryson Dechambeau's new house.
Bryson's house, maybe a year ago under construction; still not finished:
Locator: 48506ISRAEL.
I believe this is the second article I've posted with regard to Silicon Valley and "the military."
Must read.
Where you come from matters in the quest for Silicon Valley investment money, be it the sandstone arcades of the Stanford University campus or the graffitied offices of early Facebook. Venture capitalists are now coveting a new class of founders—those who served in a specialized unit of the Israeli army.
Members of Unit 8200, known for its advanced cybersecurity and cyberwarfare capabilities, have founded dozens of cybersecurity companies. Others have become influential venture capitalists in their own rights and are mentors to entrepreneurial graduates.
There are at least five tech companies started by Unit 8200 alumni publicly traded in the U.S., together worth around $160 billion. Private companies started by ex-8200 soldiers are worth billions more.
The largest, cloud-security company Wiz, in July came close to signing a $23 billion deal to be bought by Google. It would have been Google’s biggest acquisition ever. After the talks fell apart, Wiz Chief Executive and 8200 veteran Assaf Rappaport told employees he wants to hit $1 billion in revenue before planning a public-market listing.
Wiz and the 8200 alumni are targeting a massive business problem—how to keep big companies secure—with skills and an intensity they learned from their time in the military. They and the companies they’ve built have become hot commodities as more industries move huge amounts of business documents to the cloud—which is constantly under attack from opportunistic hackers. While Unit 8200 alumni once talked about their service in hushed tones, they now tout it in press releases to attract clients and investment money for their startups.
Palo Alto Networks, the biggest publicly traded cybersecurity company, and itself a product of the 8200 pipeline, has purchased several companies led by alumni of the unit in recent years. Greylock Partners and Sequoia Capital, two of Silicon Valley’s most storied venture-capital firms, have recently hired Israel-based partners.
And so much more at the link.
