Locator: 49306INV.
Before we get to the Peter Lynch article below, look at this with regard to Deloitte.
The link to the Deloitte article.
Claude? AI is tracked here.
The big story here? It's pretty obvious. I don't need to state the obvious.
Is McKinsey using AI? Link here.
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Fact Checking Peter Lynch
This is the blog I started with before I saw the Deloitte note above.
A reader alerted me to this article. I was curious.
The link to the article.
From the article, from Peter Lynch:
As an example, Lynch pointed to McDonald’s,
which he was told long ago had already seen rapid domestic growth. The
hamburger chain went on to see strong growth when it expanded
internationally.
In fact:
McDonald's first expanded internationally in 1967, with the opening of a restaurant in Richmond, British Columbia, Canada. This marked the beginning of the company's global expansion, which saw locations open in Puerto Rico in the same year. The
expansion continued rapidly, with the first European restaurant opening
in the Netherlands and the first Asian restaurant opening in Japan in
1971.
So, I was curious.
McDonald's went public April 21, 1965 --- sixty years ago.
Nvidia went public January 22, 1999 -- twenty-six years ago. Nvidia, as a public company, has been around half the time McDonald's has been around, as a public company.
From Yahoo!Finance:
- MCD, "max" --> a paltry 8,000% over 60 years.
- BRK-B, "max" --> even worse -- less than 2,000% over decades
- Amazon, "max" --> up an incomprehensible 245,344% since the dot-com era, 1999
- NVDA, "max" --> up an even more incomprehensible 463,675%, also, since the dot-com era, 1999
What went on in Peter Lynch's hey days wasn't even in the same universe as what's going on today.
Need more?
BTC (Bitcoin in US dollars):
- 2017: $1,500
today: $124,630 - and according to AI, that's only a paltry 8,000% change also. In about eight years.
And finally, a few CNBC anchors are saying positive things about Bitcoin but most, it seem, are still trying to talk it down.
On another note, on the Prospero's short list:
