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September 30, 2018, 06:26:27 PM |
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Wall street needs to diversify; not Exxon. For example, in a down-market auto parts companies do well (because people want to keep their older cars running) so those companies are used to balance a portfolio with auto manufacturer stocks. Similarly, since oil and gas is positively correlated with automotive, electric is a threat to am otherwise"optimized"portfolio. Environmental interests; same thing. 99% movement; same thing. Do you think middle East instability truly raises costs at the pump even though the vast majority of petroleum is sourced locally in North America? Do you think the valuations on track socks that play by the wall street rules are sustainable? It's a bunch a malarkey the person gained enough market traction to question it is being outcast as a phony. Not a coincidence. Blankfein,Cohn, dimon... These are the power players today and rest assured that when given the choice between sustainability and near term gain, they will choose the latter.
The biggest concern today should be the decisions of Google, Apple, Amazon and Facebook. This oligopoly is heading down the road of AI; a dangerous and unpredictable road. The money games being played by these legacy leaders is not only shortsighted, it's irrelevant to the problems mankind will have in the coming 30 years.
The blind groupthink is actually coming from those who live in the past they governed. Their efforts to suppress innovation will fail. The collective superconciousness of people is driven by open, unsupervised communication is too powerful. If you lower the waters around Hawaii, it's all just one big island. Competition is a farce.
Value lies in ideas and experimentation; not ownership of assets. In the 80s, banking was a bore. These people got creative when They started creating high speculation financial instruments; which was another sham the nobody called out because it gave the masses a false sense of comfort. I'm glad they are all getting fleeced. This system is fundamentally flawed because the value behind the numbers is created from thin air. It's a self serving system that has gained traction only because it was successful at feeding lies to the public. It has led to massive income inequality, suffering and exploitation. Change has been and always will be a certainty. They will fail because the collective intelligence of people is realized the meaningless Chase.
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