On Thu, Jul 25, 2019 at 1:24 PM Devon McCormick <[email protected]> wrote: > Funny you should mention Buffet when Berkshire Hathaway has lately been > under-performing the S&P 500: > https://www.fool.com/investing/2017/07/23/an-interesting-chart-about-berkshire-hathaway.aspx
Ok, but this doesn't mean that the market is efficient. The guy is getting to be rather old. I imagine I would be slowing down also, if I even survive to be as old as he is. > Musk is even funnier - he's basically running a Ponzi scheme with Tesla. Ponzi scheme: "a form of fraud in which belief in the success of a nonexistent enterprise is fostered by the payment of quick returns to the first investors from money invested by later investors." Heavy industrial rollout with significant r&d effort doesn't fit this concept. Try again? Ah, ok, you did: > Actually, "Ponzi scheme" is inaccurate - it's more of an accounting scam. > Full disclosure: I have a short position on Tesla. Well, ... I guess having the success of your finances depend on his enterprise failing to deliver would account for your opinion on the matter. I'll retract Musk as an example, and offer Jeff Bezos instead. Thanks, -- Raul ---------------------------------------------------------------------- For information about J forums see http://www.jsoftware.com/forums.htm
