Chronicles of 2025

I would buy this garbage stock anytime if it again touched the orange line.

Heck, I’d probably even buy it at 20xP/E or so (last reached at COVID-19 lows).

4 Likes

See y’all next year, happy new year everyone!

17 Likes

Ending 2025 with a MWR of 8.96% in CHF with VT only, can’t complain.

5 Likes

Jason Zweig shares some thoughts on this in y’day’s WSJ: Wait, Tesla Is a Value Stock? Welcome to the Wacky World of Factor ETFs

It’s less about Tesla specifically, but more about how factor ETFs vary wildly in their definition of factors …

… and hence they might not use the “wrong” forumulas to define value, but their understanding of value (or any other factor) seems to be vastly different between fund/ETF managers.

2 Likes

Wow, a crash prophet that makes money with his investments… and writes quite entertaining:

1 Like

OK. That hooked me at the first para: “I am reminded of my son’s road trip with friends to New Hampshire. They found themselves sitting at a dock with their gas gauge near empty at 11:45 PM in mid-December with the GPS instructing them to wait for the ferry…after the sun rises…in the spring.”

I liked that one a lot:

The US is a better place with two functional political parties. Even one would be a good start.

3 Likes