Posts by ST4096

China hits back at America with retaliatory tariffs, export controls on rare earth minerals

What a s**ts**w !!

Can’t really blame Trump, he is of severely limited intellect and does what he does best, crave and draw attention, while drawing the worst of humanity to him (JD Vance, anyone??)

My fury is with the Democrats, these are educated people with some gifts of intellect (Obama, Clinton, Harris, Pelosi et al) but they chose to suck at the public teat and grow fat and happy vs recognising and doing something about the fears of the average voter (immigration, stable jobs, self-sufficiency) and encouraged rampant consumerism (Temu anyone?) and vile social media (FB/Tiktok anyone?) vs thoughtful intervention in key parts of the economy.

When Harris was asked what she would change in her govt during the election cycle and she responded “Nothing”, I thought, oh s**t , are we totally and properly screwed !!

The orange muppet has the knack of discerning the fears of the average voter and misappropriating that in a spectacular fashion. We will all collectively pay the price. Mark my words, this will result in a depression, followed by war. History repeats itself.

I hope the Obamas, Clintons and the Pelosi’s all lose their wealth, their privileged status and burn in hell for having failed to do what was required of them by virtue of the gifts and privileges they were bestowed with.

As for the orange muppet, he will end back in the zoo but at what cost? The cost will be yours and my future means and aspirations.

IBM turnover shrinks $28bn in 6 years but execs laugh all the way to the bank

As they ask in IBM, what are the next steps?

As good as the article and Mr Sacconaghi's note is, the real question is: who can get her and the top three levels of cronies out the exit door in a precise surgical way? Buffett was clearly out of his depth, he got outsmarted by Ms Rometty and skulked away with a bitter pill. For all we know, Rommety and the top five levels of cronies might be the top block of shareholders in which case, we are all screwed anyways.

The challenge with big public companies like IBM, HP etc run by journeymen/women management there are rarely (as far as I can tell) clear big blocks of vested ownership that can unite to force a quick change and initiate a real turnaround. Once Ms Rometty and her cronies floated into their chairs, dislodging them seems a herculean task, they clearly have no real shame or conscience. That's why I prefer investing in actively owner-led companies, Nvidia, Google, VMware of old, Dell, Facebook (yes, even FB) where there is a product vision and passion vs IBM, Apple (Cook is another journeyman!!) etc. It is a bit like having despots/tin-pots in banana republics, it takes a lot of bombing, aerial strikes and significant collateral damage to dislodge them. The corporate world needs to come up with a better way !!