Saturday, August 6, 2016
Friday, August 5, 2016
Warren Buffett: a monkey is a better investor than Trump
 |
| A dart-throwing monkey is a better investor than Donald Trump. |
Is Warren Buffett correct in stating that a monkey is a better investor than Trump? Buffett puts money on monkey to outperform Trump as an investor “A monkey throwing darts to pick stocks would have made a 150% profit during the decade-long run when Donald Trump’s namesake company, Trump Entertainment Resorts, lost 90 cents on the dollar, the billionaire Warren Buffett stated”
Buffett: “That was the only time Donald Trump went to the American people and said, ‘I’m a winner, invest in my company.’ … Over the next 10 years, the company loses money every year, every single year. He takes $44 million in compensation. If a monkey had thrown a dart at the stock page it would have made 150%. People who believe in [Trump] came away losing well over 90 cents on the dollar. They got back less than a dime.”
Considering that Trump’s public company was formed in 1995, when the stock market was still on a tear, this seems to be a fair assessment. Even with the “dot com crash,” a random selection of stocks would have been a better investment.
Buffett is perhaps too charitable. From 1995 to year’s end 2004, the S&P 500 did gain a 157% return. But if our brave monkey turned on dividend reinvestments and sported a return close to the S&P 500, then there would have been a 203% return (calculator).
(Here’s another source on Trump’s company: As its stock collapsed, Trump’s firm gave him huge bonuses and paid for his jet.)
Source:
https://www.blogger.com/blogger.g?blogID=7141574283349219741#editor/target=post;postID=7993375059968623788;onPublishedMenu=overview;onClosedMenu=overview;postNum=1;src=postname
http://www.marketwatch.com/story/how-donald-trump-left-13-billion-on-table-2016-03-01
http://www.moneytalksnews.com/why-youre-probably-better-investing-than-donald-trump/
https://www.quora.com/Is-Warren-Buffett-correct-in-stating-that-a-monkey-is-a-better-investor-than-Trump
http://money.cnn.com/2016/08/03/news/economy/buffett-trump-stock/
http://www.marketwatch.com/story/buffett-puts-money-on-monkey-to-outperform-trump-as-an-investor-2016-08-02
https://www.google.ca/search?q=buffett+trump+monkey&oq=buffett+trump+monkey&aqs=chrome..69i57j69i61.9325j0j4&sourceid=chrome&ie=UTF-8
Wednesday, August 3, 2016
Most Expensive Hip Hop Jewelry
Rick Ross’s Chain of His Face ($1,500,000)
Or maybe it's a FAKE just like his druglord gimmick!
As you may know a lot of the over-the-top jewelry that you see in hip hop videos are FAKE!!!
It is not everybody that have thousands of dollars to throw on expensive jewelry.
So most less fortunate rappers opt for the "fake it til you make it" option. Just in case they ever make it.
Interesting link:
http://hiphopwired.com/2014/05/23/fakin-top-10-rappers-called-fake-bling/
Tuesday, August 2, 2016
Subscribe to:
Posts (Atom)