Post Your Stupid Coronavirus Takes Here

Discussion in 'Butler Basketball' started by bmradio99, Mar 10, 2020.

  1. NCJon

    NCJon Well-Known Member VIP Member

    Money:
    $7,492
    Does this site not have the ability to do an IP ban?
     
  2. Dewars12

    Dewars12 Well-Known Member VIP Member

    Money:
    $954
    My hope is as more testing becomes available and more people are tested, the data becomes more useful and the outlook more positive.

    Be safe, stay well and hopefully we all resume our normal cheering of and complaining about Butler basketball soon.
     
    seadawg likes this.
  3. PSUButlerFan

    PSUButlerFan Well-Known Member

    Money:
    $12,045
    I’m still trying to understand the logic of people like this idiot above. Vote against your own financial interests so white collar republicans and corporations can get the welfare and socialism that you’re so scared of.

    It’s like.. “Yes, I’m dumb, poor, and have no future, but rich guys got a tax cut, and that’s important to me.”
     
    Tentozen likes this.
  4. dawgs2014

    dawgs2014 Well-Known Member

    Money:
    $3,263
    This WILL blow your mind, but maybe you’ll read it and learn something, and you seem possibly interested in the economy, but the stock market is not the economy.

    The stock market being at an all time high isn’t necessarily an indicator that it’s the best it’s ever been, it’s a reflection of a) math and b) how it’s measured.

    Let’s compare it to the growth of the US population. Between July 1, 1998 and July 1, 1999, the population increased from 275.85 million to 279.04 million. That’s a population growth rate of 1.156%. ((279.04-275.85)/275.85). Between 7/1/18 and 7/1/19 the population grew from 326.69 million to 328.24 million for a growth rate of .474%. So even though the growth rate from 2018-2019 was less than half of what it was twenty years earlier, we still had 49 million more people in 2019 than in 1999.

    So, despite that fact our growth was worse, our numbers were better, which is the same as the stock market. The stock market is measured by indexes that compound continuously, so a +2.5% day today on the Dow Jones, sees the index rise by the same number of points as a 50% day in March 1971. Now everyone makes more money when their holdings go up by 50% than they do when they do by 2.5%, but the growth in points is exactly the same.

    What’s the lesson here? Barring something getting messed up, the stock market will ALWAYS be flirting with all time highs. However, clearly the economy will not ALWAYS be the best it’s ever been.

    Furthermore, if you make an apples to apples comparison of percentage gains, only two presidents since Warren G. Harding have served 8 year terms and not oversaw at least a 100% gain in the Dow; Truman at 75.2% and George W. Bush at -14.4%.

    So while the stock market is at all time highs, that doesn’t even suggest that we’re in the midst of a “good” cycle.

    If you compare the economy of every president since Harding at the same tenure duration at which Trump is at now, Trump ranks 10/14. Even if you go back a couple weeks to when we were at all time highs, he was only 7th in terms of growth rate.

    So again, all time highs in the stock market, does not mean we are in the midst of the best economic cycle or stock market growth that we’ve ever been in, it doesn’t even mean that we’re in good cycles. It basically just means there hasn’t been a catastrophe and we’re further along in time than we used to be.


    Sent from my iPhone using Butler Hoops
     
    shoeevv, Tentozen, DawgsMD and 4 others like this.
  5. PSUButlerFan

    PSUButlerFan Well-Known Member

    Money:
    $12,045
    Lol come on man... He’s not going to understand that.

    This is like when I tried to explain to a friend what a complete failure Trump is as a businessman based on his “active Management” of the money he inherited from his dad vs. sticking into a passive index fund over 40 years or whatever. These people simply cannot comprehend how investing works and how successful investments are measured.

    In my venture fund, I have to beat the market by 2-3x to compensate for my 2/20 fee structure and lack of liquidity with a 10-year lockup. Trump as a passive investor would be worth something like 17B. He’s worth what... 1-3? That’s a MASSIVE failure by any measurement metric from those who actually understand what they are talking about and whose intellectual thought capacity goes past, “Well he’s a billionaire so he must be successful!”
     
  6. dawgy dawgy

    dawgy dawgy Member

    Money:
    $133
    You should run for president....


    Sent from my iPhone using Butler Hoops mobile app
     
  7. dawgs2014

    dawgs2014 Well-Known Member

    Money:
    $3,263
    1) I agree with you on your logic that trump’s inheritance and subsequent opportunity cost aren’t a good light and wealth isn’t indicative of success.


    2) Sure you have to beat the market but if we’re going to talk about alts we have to talk tax efficiency, becoming a preferred client to get access into smaller funds, the capability to arbitrage on spreads especially at market close (my favorite securities stories), relative market cycle proofing (due to lockups), private market research and access to avoid overpaying for shrinking/juiced public equities (best economy tho right?), lack of correlation.

    Performance is going to be a very important factor, particularly when clients are individuals with emotions and not institutions, but there’s a million and one reasons why those fees could be justified for sophisticated investors.


    Sent from my iPhone using Butler Hoops
     
  8. PSUButlerFan

    PSUButlerFan Well-Known Member

    Money:
    $12,045
    I don’t think a lot of #2 is relevant to the VC asset class. Maybe some of it (assume LP returns are treated as LTCG, but not 100% sure, VCs who invest in opportunity zones, etc.). But guessing that stuff is more relevant to the hedge fund world.
     
  9. dawgs2014

    dawgs2014 Well-Known Member

    Money:
    $3,263
    That’s fair. I have like a 4 hour sales meeting as the bulk of my vc experience- and that was with a fund of funds, much more pe and some hedge. I believe LP is in fact LTCG.




    Sent from my iPhone using Butler Hoops
     
  10. Insane Dawg

    Insane Dawg Well-Known Member

    Money:
    $15,295
    If it would help my grandchildren yes. You no.
     
    estar20dawg likes this.
  11. firedupkaren

    firedupkaren Well-Known Member

    Money:
    $5,461
    Oh gosh that would fantastic.
     
    pjohnsto2003 and NCJon like this.
  12. Staxawax

    Staxawax Well-Known Member

    Money:
    $10,828
    Older guy here!
    “Democratic hoax” is your opening and has been on other posts.
    Guess what? That is an absolute lie and as the big orange would say..... “Fake News”!
    He. Never. Said. That.
    What he did say was that the Dems that were placing blame on him for the virus. He called that a hoax. But you claim to watch both sides of cable news so you should’ve known that? Apparently you don’t.
    I know this is going to get you riled up more than bad road calls on our post players, but I’m ready...... bring it on.


    Sent from my iPad using Butler Hoops mobile app
     
  13. Ignatius J. Reilly

    Ignatius J. Reilly Well-Known Member

    Money:
    $4,734
    “The party told you to reject the evidence of your eyes and ears. It was their final, most essential command.”

    Orwell


    Sent from my iPhone using Butler Hoops mobile app
     
  14. dawgs2014

    dawgs2014 Well-Known Member

    Money:
    $3,263
    In what sort of way would you getting sick benefit your family?


    Sent from my iPhone using Butler Hoops
     
  15. firedupkaren

    firedupkaren Well-Known Member

    Money:
    $5,461
    Oh so you're the Daily Betting twitter account with 21 followers that was all in my mentions? Let me get the DM free plays, brah!

    You think this is news? Lots of people know this and I'm surprised more haven't connected dots. It's difficult maintaining three personas when you drink as much as I do.
     
  16. firedupkaren

    firedupkaren Well-Known Member

    Money:
    $5,461
    LOL, you deleted the message?! You're an interesting one.
     
  17. bumba

    bumba Well-Known Member

    Money:
    $8,186
  18. PSUButlerFan

    PSUButlerFan Well-Known Member

    Money:
    $12,045
    So just to clarify... you would DIE in order to ensure an economy that means your grandchildren might see a continual 10% annual return on their investment portfolios rather than facing something like 15 months of market contraction?

    Yeah that pretty much says all I need to know about you.
     
    Tentozen and dawgs2014 like this.
  19. dawgy dawgy

    dawgy dawgy Member

    Money:
    $133
    Curious do you ever meet in the middle when it comes to politics? Every post you make it’s hardcore and if someone slightly disagrees you have a fit.
    You should really run for an office and see how your views compare to most Americans. It would be a good eye opener for you


    Sent from my iPhone using Butler Hoops mobile app
     
  20. Insane Dawg

    Insane Dawg Well-Known Member

    Money:
    $15,295
    I know you are baiting me for an argument but I’m not going to take the bait. You have far too much anger and hatred,
     

Share This Page