Explosive growth or “normal” growth?
This charts VGT — explosive growth — against the VTI, which is S&P500 “normal” growth.
The price of explosive growth is volatility. That’s a polite way of saying agita. Here’s the last five days. Notice the blue line – VGT — is a roller coaster. I was very depressed yesterday when my tech stocks — as embodied in the VGT EFT — fell heavily. They’re back a bit today.
Tech stocks are valued by buzz and growth. Cramer gave a shout-out last night for Williams-Sonoma (WGM). It’s up 9% today. Buzz. He also gave a shout-out for AppHarvest (APPH). It’s up 2% today.
I used to think that growth in sales and earnings was key. It is still. But…
Here are two hot tech companies I own. This is two years. The brown line is HUBS, which is doing better than PayPal.
Now, look at the financials. This is PayPal.
This is HUBS, i.e. Hubspot. Notice anything different? It’s losing money.
Makes no sense.
Then there are “fashions.” The recent fashions — SPACs, cannabis, electric cars, assorted batteries, Gamestop, bitcoin and the myriad of recent IPOs — have been sucking money from stocks we like and don’t want to sell — Apple, Amazon, Nvidia, Paypal Tesla, Generac, Facebook and Disney.
Over the past six months, at least 35 companies that were founded in the San Francisco Bay area — including Airbnb, DoorDash and Snowflake — have gone public for a combined market value of $446 billion.
There were two Teslas parked in the sleepy town of Chatham, NY early this morning.
We live in interesting times. Maybe.
Email is good for ONLY two things:
1. Confirming something — an agreement or an appointment.
2. Complimenting someone on a job well done, (but not their beauty).
All other things — like negotiations — are best done on the phone, or Zoom.
Poisons
+ Sugar
+ Salt
+ Fat
+ Red meat
+ Bread
If I give up all these things, I’ll live forever, a very boring life.
Life style
1. Napping is best. But figuring out when you sleep soundest — and then sleeping then is the best. I like afternoons.
2. If you hate doing something — like assembling K-1s — use that energy to do something you’ve always wanted to do. Clean the attic.
Technology
+ You can find the answer to anything on the Internet.
+ You can see how to fix anything (even my backhand) on YouTube.
+ If something suddenly goes awry, it’s probably one of two things — the cable or the latest “update” from Microsoft. To wit:
Passover begins on the evening of March 27
Let us begin to celebrate.
Covid Update
I’ve had my two Moderna shots. I feel liberated, but not stupid. I could get covid and give it to my children and grandchildren, who aren’t vaccinated.
I’ve read about “Long Covid.” It frightens me. Months and months of bad stuff.
Hence I wear a mask, wash my hands and avoid people.
Throughout history, infectious diseases have been a constant companion to us humans. Here’s a fascinating chart from The Visual Capitalist.
You can find the original chart here.
Great news
The Federal Communications Commission announced this week it has fined two Texas-based telemarketers $225 million for making one billion robocalls in 2019.
Now I worry about extending my auto warranty.
A sneaky winning strategy
My tennis partner, Mark Johnson, has been secretly taking daily exercise classes. Hence, he’s getting faster on the tennis court than I am and beating me.
He won’t introduce me to his trainer. He says I can’t afford her. Sneaky strategy.
See you — Harry Newton
