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Content Count
9,460 -
Joined
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Last visited
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Days Won
35
Everything posted by Ron_Artest
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Trump names Jeanine Pirro interim US attorney for DC
Ron_Artest replied to Mike Honcho's topic in The Geek Club
Fox News is gonna run out of hosts -
Maga heads are exploding over the woke DEI pope
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Pete kegsbreath just texted me war plans to invade Mattel after they angered trump earlier today.
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80/20 Issues that are Killing Liberals- Just added- LA Riots
Ron_Artest replied to avoiding injuries's topic in The Geek Club
The guy who can't admit he was wrong about the fentanyl is calling me a liar? -
80/20 Issues that are Killing Liberals- Just added- LA Riots
Ron_Artest replied to avoiding injuries's topic in The Geek Club
Wrong again -
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80/20 Issues that are Killing Liberals- Just added- LA Riots
Ron_Artest replied to avoiding injuries's topic in The Geek Club
I'll ask you again, who is rooting against the market and economy? -
So how does it work. I ask google to say something smart then I copy and paste it here? Shut up. Was this a response from google?
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The guy who gets all his opinions from Tucker Carlson. Bonus points for the lack grammar.
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We've never talked.
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If someone asked for a link I would have provided it. You didn't ask but here you go https://www.businessinsider.com/bill-millers-inglorious-demise-your-complete-guide-2011-8 Thanks for the posting tips.
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First day at the geek club? Do you know what the term "link"? means?
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That's because it's the result of a google search you idiot.
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Haven't seen it. You're wrong as usual.
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Accuses me of and mocks me for using chatgpt, then uses chatgpt to back himself up
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Wrong. Bill Miller beat the S&P between 1991 and 2005. What I posted happened after that with the exception of Enron. His Legg Mason fund once managed $20B in assets and went down to $2B. Keep listening to him. His story is a well known Wall St tragedy and you regard him as a hero.
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Miller bet that Kodak would be worth $100 per share ten years ago. He had to dump Leg Mason's 25% ownership of the imaging company for $3.89 a share. The fund realized $551 million in losses in the sale. Eastman Kodak was once a blue chip stock, but the company has struggled to remain relevant in a mostly film-free world.
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Bill Miller invested approximately $300 million in Enron stock during the fall of 2001. He began purchasing shares when the stock price was in the low teens and continued buying as it declined to around $3 per share. Miller's average cost basis was about $7 per share. Ultimately, he sold the position at approximately 80 cents per share, resulting in a loss of about 89%
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In March, 2008, Bill Miller loaded up on Bear Stearns for about $30 a share. Not a bad price, considering that it was going for $154 a share not long before. Unfortunately, Bear Stearns collapsed just days later and the Fed had to broker an embarrassing deal that sold the investment house to JP Morgan Chase for an insulting $2 a share.
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Bill Miller once told CNBC, “I ruled out a return to the Depression, just as I ruled out a return to the Civil War.” In late 2007, he ignored the warning signs and the well-intentioned alarm from his investors and kept buying Washington Mutual, AIG, Countrywide, Wachovia, and Citigroup and 8% of Freddie Mac.
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LIBERATION DAY: USA and China agree to a 90 day pause on most new tariffs
Ron_Artest replied to The Real timschochet's topic in The Geek Club
Ford Motor on Wednesday said it is raising prices on three models produced in Mexico, pointing to higher U.S. tariffs on imported vehicles as one reason for the adjustment. The vehicles subject to the price increases of up to $2,000 per model include the Maverick, Bronco Sport and Mach-E, Ford said in a statement to CBS News. -
LIBERATION DAY: USA and China agree to a 90 day pause on most new tariffs
Ron_Artest replied to The Real timschochet's topic in The Geek Club
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Medicaid cuts will not go over well with the masses. The budget was supposed to get passed before memorial day but now it's looking like August. I too think that once shelves go empty and people start paying tariffs sentiment will turn and he'll cave, but it's enough to cause a mild recession at this point. Disaster is if his brain is so far diminished that he fights till the end on this.