Optimism is the only realism!
“For myself I am an optimist - it does not seem to be much use to be anything else.”
―
I do have conversations/interactions in my Blog,LinkedIn, investors, clients etc... with thousands of people every year. What can I say...............
People are under invested they haven't participated in the rally
the press with the inequality, the capitalism is broken rhetoric, climate emergency (Not global warming anymore because the seas are cooling) just makes people feel that something bad is about to happen. If you want to have a good life just disconnect, just don't be online just cut the noise. Just look what is working and copy. Enjoy the nature, the animals and do some sport. Cut the crap. cut the news. Drink some hot tea.
Investors Bail on Stock Market Rally, Fleeing Funds at Record Pace
In what may be the best year for stocks since 2013, investors have exited in droves
Buy but don't buy at any price. But buy. The only sensible thing to do is to have equities but don't expect to be positive every year.
Best Buy (BBY) and Amazon (AMZN) are two giant retailers in the US. Over the past seven years, Best Buy’s revenue and net income stayed flat, while earnings-per-share (EPS) rose by 3.47% per year (due to buybacks) – a poor performance to say the least. By comparison Amazon’s revenue, net income, and EPS grew by 25%, 48.6%, and 46.8% per year annualized – one of the most successful business records in the history of the world. Best Buy closed stores and shrank its footprint while Amazon entered and dominated new and exciting areas of business, such as cloud computing and video streaming. Given these statistics you might be surprised that Best Buy delivered a better return to shareholders over the past seven years than Amazon. Shocked? Yet, the annualized rate of return over the past seven years has been 33.03% for Amazon and 36.65% for Best Buy. 7 How can this be? Simple: Best Buy started out with an extremely low valuation and extremely low expectations, while the expectations for Amazon were very high.
Lukasz R. Tomicki, CFA, MBA
Portfolio Manager
LRT Capital Management, LLC
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