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provides a dogshit rebuttal 
The board really is like the stock market. You never know what sperg is gonna take the market by storm, or when it’s gonna crash.
these companies also have more debt, less cash, and union bullshit to deal with.Haha! Someone who knows what they're talking about put Pat in his place and
Good stuff
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This nigga bout to be blocked
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I find this hard to believe, surely you're not suggesting that tech guru Patrick S. Tomlinson wouldn't know how to circumvent a clickbait site's paywall?
Sow Jones
They talk about legacy costs that drag down "legacy" companies, but they never mention that many of these well established companies spend money trying to quash new innovations, rather than incubating them an growing them, themselves. The only reason Ford is going into EVs is Tesla, they had a chance 20 years ago to read the market before there was a Tesla. Same with Telcos, they could have had FTTH in the early 90s, to carry TV and be positioned for the coming internet, but they were too busy feeding on their overpriced 1.5s , ISDN, and taking profit to recognize the need to be first, not just biggest. They were bemoaning the loss of access lines as two new technologies they could have monopolized sprung up and siphoned off customers (internet and cell phones). They had the tech in place to build out much earlier, but they preferred taking profits rather than spending capital. Now new companies that were innovative beat them to even newer ideas. Verizon even bought a dead AOL and Yahoo. The worst part is they let their own assets fight it out between wireline and wireless, when they could have complimented one another.
Patrick basically has a Boomer mentality about finances/life. always hoping for that big success/windfall that will support them in the future and just blithely shitting their way through life like a clueless boob. If they get that windfall, then it'll be because they "Earned it" and that justifies all this shitty life decisions. If not, they cry that government Owes it to them to support them in their old age, regardless of how that will fuck over all the taxpayers.
That isn't a boomer thing as much as a white trash thing. I'm not actually boomer and I always looked to outpace debt service on every investment. I had a lot of real estate debt in 2019 that was funding equities I purchased after 2016, I cashed out in fear of the 2020 election. I entered again after it only with my profits and am now out again waiting on 2022 election results to make my next moves. They were giving money away at 2.5-3.5% for like 6-7 years. Also same thing post 2008 crash ,debt service on money was cheaper than growth rates. There's a thousand ways to make 50k off of 100k equity line in a few years at only like 12-18k in debt service every 3 years, multiply that by a few 100k more and you can get ahead. Or go to Costa Rica on credit cards with 20% debt service lol.
