Hi Maurice, <<perhaps we are going to part company and will not meet on the other side of the time portal … I'm stepping into the portal!>>
No Maurice, do not do it! You are about to step into, not the time portal, but the microwave oven!
For ‘risk-less’ profit, we need abracadabra that Elmat is trying to identify, that you think you have found in QCOM.
As usual and before, I state again that I do not know anything about QCOM other than they have a scheme of algorithms and gadgets that enable folks to communicate with each other, and that their scheme competes against other codes and gizmos, and that their scheme is worth less when everything else is worth less. Yes, it is probably worth a bet now or at some point in the near future. No, it probably is not worth a ‘hog wild’ 100% NAV allocation.
Wealth is rarely, if ever, and certainly never protractedly, built based on 100% allocation to any scheme, because assets values are, over the longer span, at some time or other, correctly valued based on prospect and risk. This is a convoluted way of noting QCOM is a ‘has been’ story about a future that ‘may still be’, completely realized by most, fully valued by many, still championed by a few, and will have to, soon, compete against other objects and schemes of mania.
On the subject of abracadabra. We need not only new ideas offering neat benefits in a better way at a lower cost, to be implemented with new funding from fresh gullible speculators, but also ideas that can capture the imagination of the global investing electorates. We need abra of scale and cadabra of mystery. We need non-matter that can be leveraged highly by sheer thought or matter valued higher still by utter baseless imagination, you know, … emerging markets, real estate, gold, cannels, emerging markets, real estate, gold, railroads, emerging markets, real estate, gold, cars, emerging markets, real estate, gold, genes, wireless walkie-talkies, Internet, wireless Internet, chromo-lattice fuzzy logic wireless Internet, real estate, … heh, an asset class is delinquent in making its usual appearance, et cetera, ad infinitum, ad nauseam, so on and so forth, and so it will go.
Did you notice a recurring theme in the above paragraph? It starts with g, and has the symbol AU, worshiped by a few, valued by some, denigrated by many and you, and ignored by most. You will soon be in awe of the force, feel the power, sense the urgency, fear the consequences, and regret not keeping an open mind, in a modern way, about what your ancestors knew, deep down within their chromo-lattice.
The entire premise of your QCOM bet is simple: CDMA is a better way to do an old trick more efficiently, and it is currently mis-priced and under-valued, by the whole world except Maurice, over the past 36 months, which is an eternity in this Internet paced world, ex-New Zealand.
I agree with the first part of the premise, and I hold fire on the second portion.
The entire premise of your Aztec metal non-position is equally simple: paper money backed by a governmental promise sustained by a fickle group of electorates is better than Aztec metal in purchasing value preservation, through thick and thin, feast and famine, tsunami and typhoon, bloody revolt and tax revolution, microwave and time portal.
Well, I cannot think of a single paper currency that has not lost 95+% of its purchasing value in one productive phase of a normal life time, and I cannot count the number of once productive companies that have, by and by, fell by the way side on the road to NYSE wealth nirvana. So, for traveling across time, any Aztec would have done well holding onto what he had for money.
If the Argentine government had a truer fiat currency, one that they can manipulate and print at will, rather than one that is tagged to the another fiat money of dubious faithfulness, they would not have had to debase their full honor by raiding the pension funds in a blatant manner, but only disgrace their complete credit, the paper currency, in a manner as paper currencies are meant to be desecrated.
Now, watch Uncle Al debase and discredit the USD away, along with much that can be purchased with USD, except those Aztec things still buried in the ground belonging to, oh, say NEM.
My response to Uncle Al’s irresponsible actions is not to spend the soon to be debased USD on faster disappearing equity of tech flavor, but to try and navigate the process through old fashioned diversification across, and rotation through the asset classes. I may or may not be successful, but I will not likely utterly fail.
I am navigating the time portal, and you may be microwave processed.
<<Year by year, the furniture of existence — clocks, calendars, appointment books, records, photographs, novels, movies, even money — is slowly replaced by digital counterparts>>
Digital money, to be acceptable everywhere, at all times, under all circumstances, must be of commonly accepted value, portable, fungible, divisible and desired … come on, Maurice, think.
To remind you that paper and governmental promise is worth nothing and less than nothing, I chanced upon this …
quote.bloomberg.com
… in which a Venezuelan initiative suggested a way for Japan to get out of its liquidity trap problem - simply nationalize banks that do not lend, accuse and indict folks who do not borrow and spend. If implanted in Japan, the folks there will need to implant this Japanese invention fashioned out of metals with memory, not of the digital kind …
nni.nikkei.co.jp
Chugs, Jay |
