tag:blogger.com,1999:blog-7478408299955066555.post5839089672925029545..comments2024-02-21T05:08:31.128-05:00Comments on Deep Throat: The "Valuation Problem" revisited......Deep Throathttp://www.blogger.com/profile/02712515268051858186noreply@blogger.comBlogger5125tag:blogger.com,1999:blog-7478408299955066555.post-65500236685140598742018-01-13T20:20:28.375-05:002018-01-13T20:20:28.375-05:00Vanguard specifically creates broad-based index fu...Vanguard specifically creates broad-based index funds, that's basically all they do, so you should expect them to own large shares in... well... every single random company.<br /><br />The fact that the entire investing world has been taken over by mutual funds, so that they're the largest owners of pretty much every stock and bond issue, is another matter... this has never happened before the last couple of decades. Mutual funds didn't even *exist* in their current form until the 1960s. I'm still trying to figure out what effect this has on the macroeconomy, but it definitely messes up stock pricing to have so few real investors who invest for their own accounts. (And that was before the dominance of indexing, which messes things up more, and before the HFT front-runners started skimming off the market...)Nathanaelnoreply@blogger.comtag:blogger.com,1999:blog-7478408299955066555.post-70718792639704212142016-01-04T13:49:54.341-05:002016-01-04T13:49:54.341-05:00It's really too soon to tell, but the signs ar...It's really too soon to tell, but the signs are popping up everywhere....starting to rear their ugly little heads. I began to suspect problems in the fall of 2014 when I reviewed the Alibaba IPO...thinking I was actually going to buy some. This should have been a benign, buy or no- buy decision. Today SZSE & SHA are limit down & locked. My friends "in country" are trying to get to the bottom of it. Funny where the trail sometimes leads. Stay tuned & thanks for the kind words.Deep Throathttps://www.blogger.com/profile/02712515268051858186noreply@blogger.comtag:blogger.com,1999:blog-7478408299955066555.post-32774150634130113002016-01-04T13:39:12.647-05:002016-01-04T13:39:12.647-05:00Ubriferum, is this you? https://plus.google.com/10...Ubriferum, is this you? https://plus.google.com/100727599451014586014/videos<br /><br />If so, you are an wonderfully talented pianist. Where are you located? My concern is that, my work is not "well received" in the Peoples Republic. I can e-mail my work to you, but if you are "in country" please be careful. I would not want to cause you any inconvenience because you follow this blog. Agreed? Deep Throathttps://www.blogger.com/profile/02712515268051858186noreply@blogger.comtag:blogger.com,1999:blog-7478408299955066555.post-60140608980131124262016-01-04T00:45:01.905-05:002016-01-04T00:45:01.905-05:00Well, that was a sobering way to start off the New...Well, that was a sobering way to start off the New Year:-) I have a question...... How systemic do you think this could be? Is it something that would have across the board implications like 2007 or would it be confined mostly to the financial industry? If the problem is as large as you are hypothesizing it sure doesn't look good! Anonymoushttps://www.blogger.com/profile/15660010280618720770noreply@blogger.comtag:blogger.com,1999:blog-7478408299955066555.post-67727129225230178612016-01-02T19:48:37.123-05:002016-01-02T19:48:37.123-05:00Would love it if you could send the spreadsheet to...Would love it if you could send the spreadsheet to me @ cooler241@hotmail.Com<br /><br />Thanks! Love your work!Umbriferumhttps://www.blogger.com/profile/03789170065954759991noreply@blogger.com