Fang, ant, bat


#680

Lame excuse. In that case maybe Zuckerberg shouldn’t own any shares of Facebook.


#681

That was one of the reasons why I missed out on FB. Wanted to buy it at $19 back in 2012 but because of the nature of my work I could not by law.


#682

Another lame excuse. You could’ve bought it in 2013, 2014, 2015, 2016, 2017, or even today.


#683

Nope - I could not buy in 2013 either because I was still employed by the same company. I am not buying today because it’s not at my target price point.


#684

I missed out on AMZN and FB because I think they are losers :wink:


#685

I told my ex-coworker to buy FB at $65 a share back in 2014 and he looked at me with bewilderment. I wonder what he is thinking now… :smile:


#686

I didn’t buy in 2014-2016 either because during this time period I bought my current home and ran out of cash, and now FB is too high, so timing was never right. At least I bought TWTR at its low point…even though it’s no FB.


#687

How do you know FB is too high? My ex-coworker thought FB was too high back in 2014. My other ex-coworker thought FB was too high back in 2012.


#688

If your ex-coworker thought FB was too high back in 2012 he/she was just crazy. How about $1?


#689

Perhaps in 2024, we can look back and say if harriet thought FB was too high back in 2018 she was just crazy…


#690

That’s not even close to insider trading. The time that passes between then and going public is years and years these days. Any info wouldn’t be material or relevant anymore by the time they are public. Plus, they have to disclose so much info to go public.


#691

Sure, by then hopefully I have at least two rental properties already so I could care less… :slight_smile:


#692

What is the word for when you admit you’re wrong by making a certain statement even though that statement didn’t say you have admitted wrong?


#693

You never know who’s wrong until 2024. Besides, admitting you’re wrong is no biggie. That’s better than pretending you are wise even though you are not.


#694

save face?


#695

Netflix beat. Stocks up 8% AH. :sob:


#696

:rofl:


#697

How is their SG&A spend more than 2x the R&D spend? All the cost of producing content should be under cost of revenue. That’s weird. It’s unusual for a company that doesn’t need a huge sales force to have so much SG&A spend.


#698

To this day I still don’t understand Netflix. Oh well. Win some and lose some.


#699

There’s no need to understand anything. Do you really need to know how an internal combustion engine works in order to drive a car?