February 20

4:12 PM Microsoft has an intrinsic value of 275 billion and its stock value is over 3 trillion which means 91.66% of it is speculative.

Do people buy it for dividends or only for financial (speculative profit)?

Last year Microsoft payed under 3 dollars dividends per 400 dollar share (as of today). However its share value rose from 250 to 400 within the passed year. So there goes the answer.

Who owns Microsoft? I know Angela has got some on her 401k so i assume it's retirement funds. I did some searches and i ran into the old problem. Vanguard and Black Rock, top shareholders for Microsoft.

Cause if i look at Vanguard, i see they own each other which confuses the heck out of me. That is Microsoft owns 250 billion dollars of Vanguard while Vanguard owns 268 billion dollars of Microsoft.

Capisci?

It is the old problem of circular ownership which on a suspicion i tried to solve during a time internet and sites and my computers were much slower. But i think i could tackle it one of these days, revive an abandoned project and build a spreadsheet with the cross ownership of major corporations which will take some time but i promise the results will be spectacular.

Yes my suspicion is they all own each other to the point there is no real money in the system. So it's not just a bubble, it's a double bubble.


8:50 One more thing aroused in my mind tonight. If Microsoft's intrinsic value (assets - liabilities) is 275 and it owns 250 of Vanguard which are assets, than what is left of Microsoft?

9:10 And of course the extreme form of circular ownership which is own ownership. In other words public companies use their money (wondering what money, profit maybe? hopefully not loans) to buy (back) their own shares, reducing the number of shareholders. There must have been a reason it was not legal until 1982.

11:52 Astea sunt absolventele Academiei de Poliție din România? Și de ce au roșu alb verde pe față și arată toate ca niște modele de tiktok?

February 19

12:50 Murder on the Dance Floor

10:20 I recently wrote about the speculations on stock market and the difference between total "value" of a stock and the real or intrinsic value of that stock. I also remember relatively recently there has been an announcement saying Microsoft has passed the three trillion threshold.

Then it came the shocking news of the amount of fining of Trump in a civil lawsuit.

BTW it always puzzled me since the day i came to the US and saw the news about civil case of  OJ Simpson. I mean, the family has been awarded a large sum of money based on the claim he killed her though he was acquitted in the parallel criminal trial.

All civil lawsuits give money rewards for the damaged part. In the case of Trump, it was for the intentional super evaluation of his assets in order to get loans, and there is a name for it. Fraud. (though i don't see where the damage was for the State of New York).

Fraud is a crime. How come the prosecutor and the judge and us all can ignore the fact crimes have been committed?

Everybody knows. There is no sign of equality between the intrinsic value of a stock and the sum of the shares of that stock. I am not sure exactly what that intrinsic value means. Ok so it cannot be greater than assets. What is  the current value of the assets of Facebook (meat whatever)?

It is about the same value it went 20% up that day. So only 1/5 (or less) of its stock value is covered by assets. Same goes for Apple, google, Amazon, Nvidia, Tesla, Microsoft etc..

As you can see, the difference between assets (minus liabilities whatever) and the market value is what they call a bubble. Only the five the magnificent 7 mentioned above account for a seven trillion or more bubble.

So we can see stock market is no much different than a Ponzi scheme. People buy shares hoping they will go up and one day they could sell them to other people for a profit. It is called speculation. But it is all legal and institutionalized while Ponzi schemes are not.

But if tomorrow for some reason a large enough number of holders would decide to sell all at a time (probably) around 10% of any of the seven, the whole thing will come crumbling down (bubble will burst).

The opposite is happening in Japan. Do you know where the difference is coming from? All of your Toyotas and Hondas and Nissans and Subarus etc. etc. etc......

February 18

3:00 PM Tortoise Shivling. Nandi.

February 17

5:40 St.Dominic haircut, visor hat, shivalingas? Skinheads? Trump's built in visor?

February 16

10:40 Alexei Navalny

1:45 So they waited and waited and waited until they found the right moment to put the shocking news with Trump. Mainly because the man looks like... Just to let you know guys again and again who you're dealing with. Alien AI that is. Now searching for Engoron. Am i going to find him fast enough?

And one question. Anybody remembers in this time he was really the judge?

6:21 Haven't heard of Steve Eaton since. But he did it big time this week. Nothing changed, there is a new supervisor, "an old Mexican" however Steve is still doing the scheduling. Which means who is going to work what and with who. A team of @14.

So he again scheduled something for Angela to feel good in weekend.

After working with a deaf-mute and now with a Native American (i assume both fake like anybody else), they working Angela big time. Always working twice as everybody else. The Native American was missing yesterday, Angela worked for two, in the end she wasn't ready, and Steve sent Hao, Angela's best enemy there. Vietnamese, by definition clean as a swamp, in reality a major b...

As i was saying earlier. Vietnamese are saints in the US. Or they are kept that image because so many Americans did for them. So they are untouchable. From time to time they organize a show like this at Eaton just to reinforce that image.

She came and mixed Angela's parts that were sorted. In the morning she did it one more time and Angela got into a verbal fight with her in cafeteria. Which means raising a bit the voice, each, no harsh words, just professional voice raising. The whole team and especially Steve and the Native American started to yell "enough" "go to HR" which Angela did cause she was boiling with that desire since yesterday though i told her not to.

Hao went after her. As expected Angela got her butt kicked and "the supervisor notified". Supposedly Hao too. The supervisor told Angela "i know she did it on purpose but you overreacted. The story of our lives, both of us". How many times i got too at work into ready made scenes like these?

Late in the day Steve came to ask Angela to volunteer for tomorrow. He needed 4 people. But i told Angela early this morning not to go. Lately she did constantly 60 hours a week and at the end of the week she was just melting away, going and loosing in casinos like crazy. BTW the casinos went nuts also. No more winning in many months.

She didn't want either because she always has to work more than others, just to prove. The reason why she was asked.

Just another weekend gifted by Steve. But i assume is retaliation also because what i wrote about Japanese, being thieves. I was telling Angela. In the 70s we heard even in Romania about Japanese imitating and selling cheap in the US, and they kept doing that until they reduced car manufacturing in the US to large trucks, 50% of the cars on the street being Japanese, rest Korean, German and a few Americans.

What did they do with the money? They bought everything including real estate media outlets and politicians and nowadays there is nobody left to say anything. So Eaton must be theirs as well.