Oso planning to go pro
Yep, manufacturing rotation out of China to Africa & S Asia started in earnest during the pandemic (for the companies I was working with).
That being said, India is going to prove to be a real competitor to China on the manufacturing front over the next few years.
I'm only holding NET right now, but I sold about half of my position earlier this year when it was clear that rates were going to continue rising to lock in a 4x gain.I wont hold AAPL/MSFT/AMZN because they're already such a huge % of my portfolio by holding indexes. Like, ITOT and its equivalents are like 70% of my holdings and ITOT is 6% AAPL, 5.5% MSFT, 3% AMZN, 2% GOOG. I feel like I'm good on tech heavyweights, most people are if they're holding broad indexes.https://etfdb.com/etf/ITOT/#holdings
82What are your thoughts on Michael Burry's $1.6b short position on the market? It says that 90% of his portfolio is betting against the market. He is a strange dude, but that is one big bet.
towerThe one child policy has caused issue, but a major slowdown in exports, slow domestic economy, real estate issues and high debt is far more troublesome. They have serious issues to tend to at the moment and I think they are a serious threat to the global economy.
Burry's generally been a good investor over the years, and I believe he has beaten SPY quite handily. But like all of us, he's not been perfect.Just this past January he told his million-plus followers to "Sell." But two months later, he twitted that he was wrong in January and that he was now saying buy.Buffett/Berkshire did a pretty good amount of buying last quarter and holds some $330 billion in stocks. And he's not short anything. He's not the gospel, either.I can only go with how I invest. I tried market-timing years ago and the results were spotty at best. I'm not wired to make huge bets on (or against) the market. So I just try to invest in some of the highest-quality businesses out there and let them do their thing. I do not aspire to beat any particular index, just to have "more than more than enough" for my family's needs and wants. So far, so good.
82, Buffett was actually a net seller last quarter to the tune of about $6 Billion. However, I think he's simply picking his spots and taking some funds off the table after big wins. He likes value stocks and "proven" winners. In fact, he kind of follows the philosophy that you seem to utilize (maybe I'm seeing a pattern here). Anyhow, I predict he will maintain his shares of larger holding likes AAPL and KO while continuing to find value shares that are attractive to him. He's definitely not afraid of investing in this market.
Burry probably didn't go all in on a market crash. He is using SPY and QQQ puts to hedge his long positions after a huge run up in stocks to start the year and possibly anticipating a pullback after the big run up this year. The reason I think it may only be a hedge is based on the 13F, he also bought stocks in Q2, adding to some existing positions and buying new stocks too(Expedia and MGM Resorts), don't think he'd buy those 2 stocks in particular if he felt the economy was on the verge of a huge collapse.And the 1.6 billion number being thrown around is the notional value of the options, he paid a lot less than that so it's not as big a bet as the media outlets have made it out to be.
Yeah, but this time he bet 90% of his portfolio against the market. Why would anyone do that? I'm an investor, but I would never put 90% of my money on anything. Diversify, my man.
Poor baby ...A disruption to his vegan diet, a dwindling supply of Adderall, scant access to the internet: Sam Bankman-Fried, the FTX founder, has protested his conditions in detention as he awaits trial on fraud charges.https://www.nytimes.com/2023/09/05/technology/sam-bankman-fried-jail-peanut-butter-vegan.html?campaign_id=190&emc=edit_ufn_20230906&instance_id=102099&nl=from-the-times®i_id=108420427&segment_id=143923&te=1&user_id=d36dcf821462fdd16ec3636710a855fa
Eh, reasonable accommodations should be made. Diet, medication, and access to information that could better his defense should be readily provided. Especially since he hasn't been convicted of anything yet. I'm not suggesting he be given preferential treatment or given unfettered access to the internet, but he is still innocent until proven guilty and should be afforded reasonable conditions.