Domain: moneytalksnews.com
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Comments · 9
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Landlines are going away anyways...
You can't dial into Tivo if you don't have a phone line. AT&T is already discontinuing landlines in almost 1/2 of the US:
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Re:Uhm...
He would be more than twice as rich if he had just put daddy's money in an index fund.. And of course his brand, which he claimed was worth $3 billion, now has a negative worth. Investors are suing to have his name removed prom projects because it brings the value down.
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Re: Serial Entrepreneur
when you pay a high price for something, you tell your self [sic] it's worth it, otherwise you have to admit to yourself your [sic] an idiot!
Care to cite a methodologically-sound study that shows a high correlation between price and consumer satisfaction for automobiles?
Surveys suggest there isn't one. Last year, the highest-rated brand was luxury Lincoln, but number two was Honda, and Toyota outranked its luxury marque Lexus. For that matter, Honda's luxury line Acura was the lowest-scoring brand in the survey.
If people did feel compelled to defend their choice to pay more for a luxury brand, then they should rate Acuras (largely just rebadged Hondas) higher than the cheaper equivalent Honda models. They don't - quite the reverse.
The profit margins on Tesla autos indicate that they're not Veblen goods, so people aren't buying them simply for conspicuous consumption. Tesla unit profit margins are pretty good - around 19% - but they benefit from selling directly rather than through dealers (who take a cut, and who discount cars from their MSRP to get sales). Of course selling directly isn't an unalloyed benefit (which is why other manufacturers aren't doing it); it means lower volume, so less economy of scale and less market penetration.
Indeed it appears that, as with many commodity goods, consumers generally treat car prices as signaling quality, and are therefore more likely to be more critical of expensive models.
I'm no fan of the Tesla vehicles - they're completely unsuited to my needs, and I'm not impressed by gadgets and technological gee-whiz features that offer little benefit. But independent reviews suggest that at least some Tesla models are indeed quite good, for the use cases they satisfy.
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Re:Just amazing
It's amazing how well you can do when you have daddy's money. Based on most calculations I have read, he would be twice as rich if he had just put it in the bank.
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Re:thats
According to that very link, Trump could've retired in 1982. Maybe. But he actually worked since 1962, so simply living off of the daddy's inheritance would not have made him who he is.
And even if it did, some other flaw would've been found by the careful "opposition researchers", who did such a great job on Mitt Romney, for example. "Mittens", you may recall, donated his entire inheritance to charity — and made his own fortune himself...
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Re:thats
According to most analysis, if Trump had just put the money he got from his father in an S&P 500 Index fund, he would have seen greater returns.
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Re:Let 'em go.
Really shitty business man? With a success rate over 99%?
If Donald Trump had taken the million dollars he was give by his father and just invested it in a S&P index fund, he'd be worth $10,000,000,000 more than he is right now. Yes, when you're business has underperformed the stock market over a 30 year period by that much, you are a shitty business man.
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Why We Have a Lawless Gotcha Capitalism Economy
Here's Why We Have a Lawless Gotcha Capitalism Economy: "Gotcha Capitalism rewards bad behavior. It turns the normal reward function of capitalism on its head. Instead of good companies with good products and creative innovation rising to the top, we have companies that refine their gotcha mechanisms rising to the top. They create just enough surprise to walk the thin line of the law...or slip over it, but not enough to do something that might actually have a material impact on the bottom line. If you like my line of thinking, I've written an entire book about this - you can buy it here. But for now, know this: Until bad behavior starts resulting in material impact, companies won't stop. And we'll remain stuck in the sucker economy."
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Re:CS is not IT / system admin
Article about it here.
Dueling citations! Here's one from the same time frame that claims the exact opposite: Nursing Grads Have Lowest Unemployment Rate.