Investing megathread extravaganza

[DaFace]

A place to talk about investing stuff.

[TwistedChief]

Originally Posted by Buehler445

Only an ancillary relationship to the thread, but not thread worthy. In fact, I'm probably the only ****er that gives a shit, but the whole Theranos thing still blows my damned mind.

Elizabeth Holmes got 11 years for all the massive ****ing fraud and absolutely endangered the health of many customers and employees.

It was more than I expected, especially since she's been chillin for the last 7 years. But given the blatant bullshit she slung, it's pretty light. Maybe not through precedent, but in principle.

****ing Crazy ****.

https://www.cnbc.com/2022/11/18/form...in-prison.html

Very satisfying.

[scho63]

I met George Schultz in San Fran during a dinner for Shanghai Mayor Xu Kuandi , shuck hands that had Secret Service nearly jump me, spoke with him until his social climbing **** of a wife Charlotte Millard Swig Schultz dragged him away.

This was over 20 years ago and he seemed like a clueless lost old pussy whipped man.

Not surprised he got swindled.

[Iconic]

Originally Posted by Iconic

IMO over leveraged economy. Credit cards are being maxed out, savings accounts dwindled, the wealth effect tells us that consumers spend more as asset prices rise. Well asset prices have risen, but only because of this toxic hyperinflationary environment created by the fed. They are now trying to fight the very monster they created through raising interest rates and tapering. When they do this, borrowing becomes harder, liquidity removed from the market, and hence the 'crash'.

Put simple, we are ****ed and the entire economy is in for necessary and serious correction. Not to mention Covid, Russia, and China fear plaguing 2022. It's a bad time to be a buyer right now. Pretty much everything is over priced.

December 2021.

óculos Escuro GIFfrom óculos GIFs

[PunkinDrublic]

Originally Posted by Buehler445

Listen to "Thicker Than Water". It's by Tyler Schultz, grandson of George Schultz who was one of the whistleblowers. His story and that of Erika Cheung is really ****ing interesting. It's shorter and much more personal than Bad Blood. If you're going to listen to Bad Blood, Thicker than Water is worth the time.

It got much more into the math of just how bad the efficacy of their tests were. It was real ****ing bad.

But the really interesting part is the family dynamics in the Schultz family. The ****ing old man general was bamboozled hard. Like cult level shit.

Weird man.

I’ll definitely check it out, 11 years is about as good as we could’ve hoped for. They were lined up to put those machines in every Walgreens and were developing contracts with the military.

[Rain Man]

I feel like she got off really light. When all is said and done, she'll likely spend 2 or 3 years in a country club prison and you know she's got countless millions of dollars hidden away. For her, crime will pay quite well.

[Buehler445]

Originally Posted by Rain Man

I feel like she got off really light. When all is said and done, she'll likely spend 2 or 3 years in a country club prison and you know she's got countless millions of dollars hidden away. For her, crime will pay quite well.

I don’t know if she has millions or not.

Most of her ridiculous wealth was based on her fraudulent stock price. I mean I think she had a pretty posh expense account, but I’m not sure any of that translated to transferable wealth.

Hopefully not anyway. At least that’s what I choose to believe.

[Buehler445]

Originally Posted by Rain Man

I feel like she got off really light. When all is said and done, she'll likely spend 2 or 3 years in a country club prison and you know she's got countless millions of dollars hidden away. For her, crime will pay quite well.

Forbes apparently estimated it at $0.

https://news.yahoo.com/elizabeth-hol...LgeiR4ai_X1B2a

Long dumb click baity article but here is the important part.

So, what is Elizabeth Holmes’ net worth today? After the fall of Theranos, Elizabeth Holmes’ net worth went from a reported $4.5 billion to $0 as of 2022, according to Forbes.

But it’s reasonable to assume that criminal gonna criminal. She would have had to have been a real headcase to be that much of a blatant fraud and NOT squirrel something away.

[Buehler445]

So Bob Iger is now the CEO of Disney…again?

That is pure insanity.

Iger hand picked his successor, retired, GE style. Then he knee caps that fool and is back as the CEO again.

Disney is a giant ass company and this is major drama. I know there are Disney stockholders here (I sold mine), it will be interesting to see how it affects the stock price. I’ll definitely buy the book of this whole fiasco.

[Rain Man]

Originally Posted by Buehler445

Forbes apparently estimated it at $0.

https://news.yahoo.com/elizabeth-hol...LgeiR4ai_X1B2a

Long dumb click baity article but here is the important part.



But it’s reasonable to assume that criminal gonna criminal. She would have had to have been a real headcase to be that much of a blatant fraud and NOT squirrel something away.

Yeah, I bet she's got some money stuffed in a mattress. I saw some article (sorry, can't find it now) that showed where she's living now, and it's ... nice. It's some huge estate in Silicon Valley. I think there are some rules about not taking people's primary residence in legal proceedings, so she'll be living pretty good when she gets out.

[lewdog]

[-King-]

Hey Lew, did you go all cash in all your accounts or just the ones you actively trade in?

[lewdog]

Originally Posted by -King-

Hey Lew, did you go all cash in all your accounts or just the ones you actively trade in?

100% cash, outside of small trades here and there in my active trading account and my IRA (I'm back 25% invested in this one).

I just keep dollar cost averaging into my 401k though and never move that around much outside of rebalancing.

[Iconic]

Originally Posted by lewdog

Medical is surprising. Guessing it's a lot of pre-meds who didn't make the cut for MD schools.

Also never understood why people go for Socio degrees. If you are going that route you may as well go for a Psych degree. Far more lucrative with a Masters or Doctorate.

[-King-]

Originally Posted by lewdog

100% cash, outside of small trades here and there in my active trading account and my IRA (I'm back 25% invested in this one).

I just keep dollar cost averaging into my 401k though and never move that around much outside of rebalancing.

So you just eat the taxes?

[lewdog]

Originally Posted by -King-

So you just eat the taxes?

In the brokerage account, yes. Haven’t had much this year, however. Not much trading.

No taxes in IRA until you withdraw them so that is a great account to trade in.