Why are people willing to pay ever increasing prices for
real estate? Well supply and demand obviously, but what is one of the major
factors in demand? Why does a small plot of land in Los Angeles sell for 20
times the price of a square kilometer in say, Mali? Because of the perceived quality
of life to living in the geographical location. Such things include amenities (restaurants,
entertainment etc.) weather, vistas, air quality, and ease of getting around.
In Los Angeles with the lack of good public transport there
is a potential cap I see on real estate prices right because the traffic here
severely diminishes the quality of life. It simply takes too long to get
anywhere. The more people that arrive here, the more cars that are put on the
road, the greater the negative multiplier for this variable in determining
Now, the Google Driverless Car model envisions a world where
few individuals will own automobiles, instead there would be a HUGE fleet of
computerized taxis zip…
I wanted to share with you potential writers out there, after a long time dealing with Seeking Alpha, how they are keeping my columns on their website without having paid me. This is my letter to the managing editor, George Moriarty, explaining why I think they are wrong, and dealing with me completely unfairly. ------------------------------------------------------------
I write this to you personally. I will be brief, re-explain a few points, then ask for an explanation.
Last year I published several columns, was paid by Alpha. Fine.
Then I published two columns on Netflix.
About the same time (maybe before, not sure of the exact timing, I began my own blog. Absolutely unwittingly, not knowing your rules about not publishing on one's own blog, I took my columns and published them. Months and months after they became useful to Alpha.
Right before payments, in order to get to $100, I published an article about Nokia.
Then, I received a note saying that my Nokia column wa…
Doug Kass recently came on Fast Money touting his successful Apple short, ($546 to $528) and explaining the logic behind it. Although Kass is a famous short-seller, he also called the market lows back in 2009 and went long, so he understands value, he's someone I respect, and in investing I do my best to see the world through a broader lens, and evaluate the the validity of others' opinions, and, if they have merit, I can alter my plan of attack.
Kass made the following points:
1) Quoting: “I would say this preoccupation with Apple is becoming a borderline mania. if you just consider the time every evening that Fast Money devotes to Apple, the shoe shine boy owns Apple. I go to cocktail parties and every noninvestment professional owns only one stock. and that's Apple.”
2) The recent huge upside surprise in earnings will likely never be repeated again
3) The company must overcome the following obstacles:
potential for supply chain disruptions