Bob, please read this carefully. I know we fuck around a lot here, but I 100% honestly don't want to see you get hurt financially.

Obviously, if you believe in TSLA, I understand you putting your money where your mouth is (full disclosure: I'm holding POTX and CURLF, so I'm on the same page with what I'm saying on this) but PLEASE don't bet money you don't have on TSLA.

“At 10-times revenues, to give you a 10-year payback (P/E 10, my note), I must pay you 100% of revenues for 10-straight years in dividends. That assumes I can get that by my shareholders. It also assumes I have zero cost of goods sold, which is very hard for a computer company.

That assumes zero expenses, which is hard with 39,000 employees. That assumes I pay no taxes, which is very hard. And that expects you pay no taxes on your dividends, which is kind of illegal. And that assumes with zero R&D for the next 10-years, I can maintain the current revenue run rate.

Now, having done that, would any of you like to buy my stock at $64? Do you realize how ridiculous those underlying assumptions are? You don’t need any transparency. You don’t need any footnotes.

What were you thinking?”

-- Scott McNealy was the CEO of Sun Microsystems
2002

At the peak of the Dot-Com, roughly 30 stocks in the NASDAQ 100 traded above 10 P/E. Today ALL stocks in the DAQ do: the average P/E is ~25.5.

TSLA is at a P/E of 175.

There is no American economy. There hasn't been since since October 3 of 2008. Things got catastrophically worse on September 17th of 2019 when the repo market came within hours of completely locking up in a catastrophe that would have made AIG look like a rounding error. The Fed was forced to firehose astronomical amounts of money into the system to keep this from happening and this was before Covid.

In Jan of 2021, there was $2.6 TRILLION in Zombie Debt out there. That's $2.6 TRILLION on the verge of default at 2021 interest rates. The Fed is now in a horrific position: raise rates and watch massive defaults explode like financial nukes, or keep rates steady and watch inflation implode the economy.

People don't understand how bad this is and how much worse it can get. If the Fed has to raise rates by 500 BP -- and Christ fucking help us if they do -- the first order defaults will be the worst in Capitalist history and the second and third order effects could very well be the nightmare scenario we came within 36 hours of in 2008.

Save your money, Bob. Cash is king. And fuck BTC.

Cato Institute:

Established: 1977
Founders: Edward Crane and Charles G. Koch
President: Edward Crane

http://www.rightwingwatch.org/content/cato-institute

Cato Institute was founded by Ed Crane with a $500,000 grant from Charles Koch, a chemical and petroleum heir who was active with Crane in the Libertarian Party.

Cato's corporate sponsors include: Philip Morris, R.J. Reynolds, Bell Atlantic Network Services, BellSouth Corporation, Digital Equipment Corporation, GTE Corporation, Microsoft Corporation, Netscape Communications Corporation, NYNEX Corporation, Sun Microsystems, Viacom International, American Express, Chase Manhattan Bank, Chemical Bank, Citicorp/Citibank, Commonwealth Fund, Prudential Securities and Salomon Brothers. Energy conglomerates include: Chevron Companies, Exxon Company, Shell Oil Company and Tenneco Gas, as well as the American Petroleum Institute, Amoco Foundation and Atlantic Richfield Foundation. Cato's pharmaceutical donors include Eli Lilly & Company, Merck & Company and Pfizer, Inc.

Other non-Bush Administration alumni include former board members: Rupert Murdoch and Theodore J. Forstmann, also founding chairman of Empower America, now FreedomWorks.

http://en.wikipedia.org/wiki/FreedomWorks

Comment hidden because you are ignoring dag. (show it anyway)

^ No, Blu-ray was created by a consortium. From the FAQ:

Who developed Blu-ray?


The Blu-ray Disc format was developed by the Blu-ray Disc Association (BDA), a group of leading consumer electronics, personal computer and media manufacturers, with more than 180 member companies from all over the world. The Board of Directors currently consists of:

Apple Computer, Inc.
Dell Inc.
Hewlett Packard Company
Hitachi, Ltd.
LG Electronics Inc.
Matsushita Electric Industrial Co., Ltd.
Mitsubishi Electric Corporation
Pioneer Corporation
Royal Philips Electronics
Samsung Electronics Co., Ltd.
Sharp Corporation
Sony Corporation
Sun Microsystems, Inc.
TDK Corporation
Thomson Multimedia
Twentieth Century Fox
Walt Disney Pictures
Warner Bros. Entertainment


When will I be able to buy Blu-ray products?


If you live in the US or Canada you can already find Blu-ray players from Samsung, Panasonic, Sony, Philips and Pioneer available in stores, as well as a growing selection of Blu-ray movies. We also expect to see Blu-ray players from LG and Sharp, as well as a second-generation Blu-ray player from Samsung introduced in the near future. The first Blu-ray hardware and software should also be available in many European countries now.

From the Google Video comment:

Revolution OS is a 2001 documentary which traces the history of GNU, Linux, and the open source and free software movements. It features several interviews with prominent hackers and entrepreneurs (and hackers-cum-entrepreneurs), including Richard Stallman, Michael Tiemann, Linus Torvalds, Larry Augustin, Eric S. Raymond, Bruce Perens, Frank Hecker and Brian Behlendorf.

The film begins in medias res with an IPO, and then sets the historical stage by showing the beginnings of software development back in the day when software was shared on paper tape for the price of the paper itself. It then segues to Bill Gates's Open Letter to Hobbyists in which he asks Computer Hobbyists to not share, but to buy software. (This letter was written by Gates when Microsoft was still based in Arizona and spelled "Micro-Soft".) Richard Stallman then explains how and why he left the MIT Lab for Artificial Intelligence in order to devote his life to the development of free software, as well as how he started with the GNU project.

Linus Torvalds is interviewed on his development of the Linux kernel as well as on the GNU/Linux naming controversy and Linux's further evolution, including its commercialization.

Richard Stallman remarks on some of the ideological aspects of open source vis-á-vis Communism and capitalism and well as on several aspects of the development of GNU/Linux.

Michael Tiemann (interviewed in a desert) tells how he met Stallman and got an early version of Stallman's GCC and founded Cygnus Solutions.

Larry Augustin tells how he combined the resulting GNU software and a normal PC to create a UNIX-like Workstation which cost one third the price of a workstation by Sun Microsystems even though it was three times as powerful. His narrative includes his early dealings with venture capitalists, the eventual capitalization and commodification of Linux for his own company, VA Linux, and ends with its IPO.

Frank Hecker of Netscape tells how Netscape executives released the source code for Netscape's browser, one of the signal events which made Open Source a force to be reckoned with by business executives, the mainstream media, and the public at large.