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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: w0z who wrote (12520)	12/15/2021 4:16:33 PM
From: Elroy	Read Replies (1) \| Respond to of 26622

You'll have 24/7/365 trading in all financial markets, just as with crypto today. Agreed. It's sort of hard to understand why currencies and crypto can easily trade 24/7, but stocks only trade "on exchanges" during certain market hours. I've read there are crypto projects which plan to tokenize stock ownership (similar to stable coins, but with actual stock as the backing), and then implement 24/7 automated trading. Great, lets do it! Also, why can'7 we buy 0.23% of a share of Berkshire Hathaway? Something that is REALLY hard for me to understand are the crazy commissions on things like....... Second hand sports/concert tickets. The seat might be $25 on StubHub or wherever, but the "delivery fee" is $4 (why? the StubHub system sends a barcode to your phone. How much should that cost? A penny?) and then there's also a "service fee" of $XX. $7 to buy a $25 seat. THAT's CRAZY! And I know from a previous life that hotel booking web sites like Expedia and Agoda and etc they take anywhere from 8% to 23% of each sale as their commission. Why? Why? It's freaking unbelievable. If you book 5 nights in a hotel for $200/night, Expedia is probably getting more than $100 for the $1,000 sale. Expedia (and booking agents like it) should be completely automated, and charge fixed rates per transaction (again, a few pennies?). Stock trading commissions are now basically zero. Good. The same commission reduction is due in lots of other industries. Bring it on!

To: w0z who wrote (12520)	12/15/2021 4:22:47 PM
From: Kirk ©	Read Replies (1) \| Respond to of 26622

Yeah, I remember saying many moons ago that it seemed much of Silicon Valley was set up for "disintermediation." My point was too that some things that were once expensive are now free and disintermediation will lower costs for many more. Consider Nike used to pay Amazon, Macys and Footlocker a large commission to sell shoes that neither had to advertise... now Nike sells directly. Blockchain will or should assure me that what I buy is legit and not a knockoff copy so often found online. But it probably won't solve the counterfeit problem completely unless DNA testing is nearly free. I'm thinking here of paying for wild Salmon in a grocery store and being sold farmed salmon... and lots of others cheap fish sold as expensive fish. I see it as EVs will replace ICE vehicles but I doubt Tesla's valuation will hold... even if they turn out to be a survivor like Amazon... they and any of the cryptos could see the same 95% decline that Amazon saw during the 2020 collapse.