Interactive Brokers Group CEO on the dominance of the Magnificent 7:
"So the Magnificent 7 is still the bulk of where most people dollars go, trading dollars...But still the magnificent takes over 70% of the trading volumes"
$IBKR
In 1955, there were less than 1.5 million words in the U.S. Tax Code.
Today, there are more than 16 million words.
Because of this complexity, Americans collectively spend 6.5 billion hours preparing and filing their taxes each year.
This must be simplified.
It is actually insane that Poison Pills are legal.
Oh yes let's offer discounted shares to everyone except this one shareholder just because we don't like that they bought a lot of shares (and may fire us, the board).
Poison Pills are part of Delaware precedent now but I would…
Heard on CNBC: "You get paid for risk. If you want higher returns you have to accept higher volatility."
The fact is both return and risk depend on starting valuations. The more extreme the valuations, the lower the expected long-term return, and the deeper the prospective loss.
$GOOG clearly admitted last night that they are not seeing adequate *current* ROIC on AI capex, are likely over-investing, and struggled to provide concrete examples of killer apps deployed at scale, but emphasized that adoption of new technologies takes time, and the risks from…
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