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COMMENT
Put the tech stock weakness in perspective. It's entirely normal, and we see it 3-4 times every year. After the enormous run-up, no one should be surprised about the 3-day drop.
Unknown
COMMENT
The discounted dividend is one measure of the true value of a stock. Interest rates are close to zero. In the old days, if we discount Apple's dividend by 5%, you can come to some sort of value. But discounted by 1/2 of 1%, the discounted dividend model would suggest that stocks are much more valuable today than when interest rates were higher.
Unknown
COMMENT
Will we have a directionless market until the result of the US election? Three major areas of uncertainty. Most important is when we might have a Covid vaccine and how effective it will be. Secondly is whether Congress will provide protection for the millions who've lost their jobs. The third thing is the election result and whether it will be respected.
Unknown
COMMENT
Is the current disparaging of the US election process, with very little evidence, depressing? Depressing and scary. If you value democracy, you have to value the institutions that make democracy viable. If the results are questioned, the entire process is devalued.
Unknown
BUY
Their largest single holding. Big believers. Dedicated user base. It has both the hardware, as well as software as a service. Enormous amount of cash on hand. The company will grow into its valuation. Dividend will likely rise. Expensive right now, but he has no trouble buying.
electrical / electronic
HOLD
After the last crash, its value was decimated. He saw it as a utility company, as people need to pay MSFT to upgrade. Tremendous job of growing its cloud business. He's not selling anytime soon.
computer software / processing
DON'T BUY
Oil is a sunset industry, not a growth industry. Price of oil volatile. He doesn't like companies that can't set the price of the product they sell. SU has vertical integration, so it's not a bad one to own, but he doesn't like the industry.
integrated oils