A $442B Money Manager Says Tech's Glory Days Are Over
bloomberg.com
bloomberg.com
Looking at the past we can say with certainty(if we assume it will repeat) that stocks will crash someday. When that happens some money that can be risked should be used to buy a well diversified ETF. Till then if you can't hold on to cash then keeping buying every month.
$442B.
To be fair, they don't let random astrologians on the curb manage $442 billion.
That said, this is likely just PR for her personal/firm's position against tech and likely bullshit. If a recession happens tomorrow, tech would be affected and she'll win even though the underlying cause probably wasn't tech. I think the DOJ investigations will make tech more interesting at least, so I really doubt the "glory days are over" when more glory opportunity comes along (whatever the fuck glory means in tech).
I keep reading on here that no real estate safeguards were put in place after the 2008 crash. Why would anyone feel safe investing heavily in real estate knowing that?
But lets not kid ourselves here. Utility rates in much of the country hover around ~.12/KWh (less in many places, much more in some places). The levelized cost of solar, inclusive of its initial outlay is often very close to this in the best of circumstances.
For example, with a well placed (facing south) 5KW system in the southeast, I can expect to produce ~7000 Kwh per year. At an initial system cost of $7000 (assuming a tax incentive of 50% and unincentivized cost of $3/KW), that system will pay for itself in about 8 years.
If your rates are exhorbitant or your incentives are much higher then this all changes. But higher rates also mean that the utility has a lot of room to lower rates economically.
I don’t think utilities are going away, but I also don’t think they’ll be so profitable as to invest in them as a retail investor (which was the initial discussion above).
I'd disagree that they're necessary not growing. Just growing at a more typical market rate for an established industry.
"In 2018, 81 percent of US companies were unprofitable in the year leading up to their public offerings... That's a statistical dead heat with the rate in 2000, the year the dot-com bubble burst"[1]
[1] https://www.vox.com/2019/3/6/18249997/lyft-uber-ipo-public-p...
I have a sense as soon as the first one fails, the others will be under a lot of pressure combined with negative sentiment.
https://www.bloomberg.com/opinion/articles/2018-05-08/all-co...
"Every Company Is Now a Tech Company"
https://www.wsj.com/articles/every-company-is-now-a-tech-com...
It's amazing how the story changes just within a few months or years. Tech is the future of everything one day. The next, its glory days are behind it.