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Jeff Matthews

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Everything posted by Jeff Matthews

  1. Saw him perform live on PBS. I was surprised and how good the band was. Not a garage and at all.
  2. I've seen other Chicago covers by them. They really are spectacular!
  3. ... and you do the Hokey-Pokey and you turn yourself around.
  4. What an odd conversation to erupt in an argument. You'd think they were married or something...
  5. Plus, money's all good until you let getting it interfere with your life.
  6. No, but the Adcom 555 sure sounds familiar. My friend years ago in the 1990's bought a new Adcom, and I think it might have been a 555. It was a stout amp. While still under warranty, it had (transformer/power supply?) issues, and I forgot how it was resolved - I think with a replacement amp of the same model. I don't know if the problem was a one-off or not, but I will confirm it was a very stout amp. He drove Klipsch Chorus I's with it.
  7. Sweet Home Alabama! That's too bad. There's really no need for it to take that long - at least that's what we think in Texas.
  8. I think hegemony produces real value which is substantial but hard to quantify. Vacant shopping malls, not so much.
  9. Right! They've built entire ghost cities capable of housing 2 million people, and they just sit there empty. Can you imagine that? Non income-producing, depreciating real estate as an investment? It's really bizarre, and I think it's destined to fail.
  10. You might be right. I just checked, and it showed Texas has fully vaccinated only 10% of its population.
  11. They've certainly made a lot of progress, but the value of our real estate is vastly higher.
  12. I don't know. I'm glad we're at a point where we are going to try and find out.
  13. Yep. China is its own empire in a sense. It invests a lot in Africa.
  14. Masks are finally going away around here... slowly.
  15. You make an important legal point. I have had numerous clients tell me they're not sure what they set up at X institution, Y bank, etc., if anything. When something changes in life for them (a divorce, death of a spouse, death of a child, or just changing their mind, etc.), they have to wonder about all the places where they have to go and fix the beneficiary designations. Contrast that approach with the traditional, simple will. If all of your accounts are payable to your estate, they simply go to whomever you designate in your will. That's much smarter because it's much more efficient. Much less prone to errors. Errors in estate-planning can be very costly. The simpler, the better. Just have a will and update it (and only it) as necessary. The argument against my advice is that, "Probate is slow and costly." It's not (at least in Texas). I can get a person letters testamentary within 3-4 weeks, no problem. I would suggest that if a "survivorship account" is necessary, there should be only one, and it should be just for normal expenses for a few months, or so.
  16. Speaking of inflated values, TSLA is another one. Its market cap is more than many of the largest automakers combined. It got in the electric car game early, but the market will soon be flooded with all the others.
  17. It just occurred to me that would be inflation. I guess it's stuck into the ether where it will always be measured in dollars.
  18. Very candid! This is exactly right. By definition, its market capitalization tells us what it is worth now. This statistic is completely agnostic to whether it should rise or fall in value. It doesn't have to be. This goes back full circle to the first quote.
  19. The safest asset right this minute is the US Dollar. It is that way because our government decrees it is. So let it be written; so let it be done! Anyone can argue to the contrary, but the powers that be tell us what is the standard. They will always protect and preserve that standard. It's how they've done their accounting for hundreds of years, and it will not be changing anytime soon. Just look at the value of one Bitcoin these days. I suppose a loaf of bread would cost, say.... oh, about .00005537 Bitcoin. I mean, WTF is that?!!! The math, alone, makes it silly. I don't think the founder ever intended that it would work out like this. Due to its startling success, maybe they need a new way to express it. It's time for a 1-50,000 Bitcoin split.
  20. Right. They're buying Bitcoin with the incredible killing they've made on Tesla stock. All this newfound "wealth" is being traded, and it grows and grows. But there's this huge "unreal"-ized aspect of it. It's got to blow before long. The market seems to have a "need" to cleanse itself of idiots every once in a while. Just like drinking parties, they've got to come to an end if you are to survive to drink again.
  21. Frankly, Schu is probably right at some level. BTC has a wide acceptance. So does gold. What is gold? We use it to make jewelry. We've used it in dentistry. Some limited use is also made in high end electronics. But at the end of the day, it sure as heck isn't money, and it has the same problem as BTC - namely, your only hope is that the next person pays more than you did. Yet gold is claimed to have tremendous "intrinsic" value, and it has certainly stood the test of time. I admit BTC can do the same thing; it's just that I don't have a lot of trust in it. I think the next big dip wallop BTC and that AT&T's stock will fare much better. We'll see... I could be wrong.
  22. What basis do you feel Elon Musk has for saying BTC's price "seems too high?" Is there any rationale to that whatsoever? Or is it just a hunch, a dumb guess, or other kind of fairy tale prognostication? You tell me, because I don't even pretend to have a clue. However, if you want to talk about Apple's profits and the new facilities to be built by Intel, I can discuss those. There's actually substance to talk about, even though I admit there remains plenty to also guess about.
  23. ... and because they have been discussed ad nauseum, it means it is not settled. That much, you can take to the bank!
  24. Only that part which is jeopardized by unauthorized access. It is far too dangerous to be protected this much. It would be like putting 1,000 deadbolts on all your doors and having no chance to get out if your house catches on fire.
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