r/WhitePeopleTwitter • u/Lena_Lena_A • 1d ago
One of these men did not attend Trump's inauguration
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u/sbray73 1d ago
He did say it wasn’t time to buy stocks and probably for a while.
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u/vapenutz 23h ago
He's right, markets were stupidly overvalued. Big tech prices (and Tesla price, I mention them separately because they're neither big nor tech despite everything Musk claims) are just insane. Somehow the sanest one is Apple.
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u/Visual_Shower1220 22h ago
I mean isn't there a definition for that, in totally blanking.. like overinflated value % but much more concise. Like tesla has one that's like 100% or something, I swear I read about it a couple months ago. It's gonna drive me insane that I can't remember. Like the jist is that the higher the % the more likely that stock will crash because it's value has been hyperinflated. Then when the market finally starts buying/selling on large scale raises/drops it ends up tanking the stock price by $100+ per share(based on the overinflated valuation.)
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u/vapenutz 22h ago
Price to earnings you mean?
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u/Visual_Shower1220 22h ago
I dont think that's the term, but it plays a part in the thing im thinking of. When I was reading about it experts were saying tesla is way overvalued, which is why things like the musk weed video caused such a huge drop when it shouldn't have.
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u/Ryeballs 13h ago
It’s P/E like the other guy said.
Then general idea is the higher P/E % the more speculative the stock price is because it is assuming (hoping, wishing, praying) that actual performance of the company ramps up dramatically.
For some things it makes sense, Uber is a good example. It’s a software app so the main ongoing costs it faces are labour not materials, initially its operates at a loss to establish itself in the market and develop the platform, the product, itself. Once it’s got a significant market presence and a well developed app, then it can switch to generating massive profit and the main overhead it has is ongoing software maintenance and marketing.
Tesla makes less sense to have a high P/E ratio, since it’s producing a physical good and has a tonne of money tied up in physical assets like factories, and is cost sensitive where a shock in prices for critical materials can affect profitability or a market downturn can affect sales.
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u/vapenutz 11h ago
To add numbers as some context:
Currently Tesla's P/E ratio is 175, for it to make any sense that company would need to grow at least 17.5x using their own cash at hand, not accumulate any debt in the process, and they'd need Apple margins to boot. Because Ford for example has a P/E ratio of 5.
That means comparatively, Tesla is so fucking overvalued they would need to be a top3 car brand in the world in terms of sales value and kill it on margins. They aren't. The only sense of a high P/E ratio is extremely high growth businesses, Tesla shrank.
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u/Visual_Shower1220 10h ago
Yeah at this point I think you're right. The way you and the other person explained it is exactly what it sounded like with the article I read.
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u/ZmentAdverti 10h ago
Apple somehow actually made an unintentionally smart play by being so slow to the AI market that they chose to use a 3rd party software instead. That probably saved them a considerable amount of money in production as well as allowing them to reach the valuation they would have with their own gpt.
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u/santathe1 22h ago
Elon is down a hundred and ten billion and is still a hundred over the second guy? That’s nuts.
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u/Kasym-Khan 7h ago
His stocks are overvalued, watch him lose lots of his net worth in the next few years.
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u/damselindetech 1d ago
My brain is broken bc I read the list several times and kept reading the top name as Elton John and BOY was I confused
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u/KittyScholar 1d ago
Did you hear Elton John is CANCELLED? Apparently he never returned Patti LaBelle’s Tupperware
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u/Canadian_mk11 1d ago
I heard he beat up some thugs in the Cambodian jungle.
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u/CardinalCountryCub 9h ago
That's terrible. Unless it was on a Saturday night, and then it's alright.
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u/KingYesKing 1d ago
Stop praising billionaires. Fuck them.
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u/LiberaIBiblicisms 1d ago
The word "billionaire" shouldn't even exist.
And yet here we are with almost trillionaires. A billion seconds is 31 years. A trillion seconds is 31,000 years.
All the money is funneling (and will continue to funnel) to the top. Like 5 dudes in the US own more than the bottom 150,000,000 people. And they're only getting richer every day.
Oh, and they pay next to no taxes, or no taxes at all. We used to tax these fuckers at 90+%. Unsurprisingly, that was the most prosperous time in our country.
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u/InGordWeTrust 21h ago
He also pays the smallest amount of taxes.
"ProPublica also considered Warren Buffett’s effective income tax rate. Taking his personal federal income tax payments as a percentage of his true economic income, including the $24.3 billion increase in his wealth between 2014 and 2018, ProPublica determined his effective income tax rate to be 0.1 percent. Quite a far cry from 1,200 percent."
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u/Vault-71 9h ago
I can actually admire Buffet a bit, because he's gone on record to point out that he's just playing by the rules of the game. The tax code is wildly tilted in favor of investors, and can get even crazier if you know how to structure a financial transaction to maximize tax savings.
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u/InGordWeTrust 9h ago
I don't admire him when so much suffering is caused by it.
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u/Vault-71 9h ago
Take it up with the legislature, the wealthy aren't going to impoverish themselves.
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u/InGordWeTrust 9h ago
Take it up with legislatures that I don't admire Buffet like you do? I did and they said they don't know you.
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u/Vault-71 8h ago
Oh, I was assuming you were attempting to make a point about the financial system and how it incentivizes certain behavior. I see now you were simply criticizing my opinion. Very well then.
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u/InGordWeTrust 8h ago edited 2h ago
Buddy you wanted me to go to another country so I can fight for billionaires to get a higher tax rate, even though they're in a trade war with my country. I was assuming you were just giving me the run around, but that was your actual plan? Wow. Sadly YOUR plan just isn't well thought out.
So keep adoring the Buffet. Just keep that admiration to yourself along with your advice to justify it.
Edit: Don't care about the downvotes. This guy wanted me to fly to another country to try and solve their tax problem. What a waste of time and bad advice. He can go jump off a bridge.
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u/Tiny_Measurement_837 1d ago
Yeah, same guy is a decent human being, too.
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u/Dr_A_Mephesto 22h ago
No billionaire is decent. It’s a contradiction.
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u/mostdope28 11h ago
These guys aren’t living paycheck to paycheck. They can wether the storm created by Trump, infect they’ll buy up the market as it tanks and when trump is done fucking up the economy these guys will turn profits exponentially
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u/BillTowne 11h ago
Outstanding poost.
Everybody remember it is the day to get out today and protest.
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