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Sunday Tech Bits

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18 Replies. 1 pages. Viewing page 1.
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18. Re: Sunday Tech Bits Oct 30, 2017, 22:49 RedEye9
 
Beamer wrote on Oct 30, 2017, 16:57:
jdreyer wrote on Oct 30, 2017, 16:53:
El Pit wrote on Oct 30, 2017, 09:08:
jdreyer wrote on Oct 29, 2017, 14:13:
Ash wrote on Oct 29, 2017, 14:11:
Because Bill Gates donates insane amounts of money to charities, or invests them in technologies or foundations that can help people.

I used to hate Bill, but after he donated his fortune, I changed my mind. He's one of the great true philanthropists of our day.

I am not sure about Bill and Melinda Gates, but a lot of billionaires and millionaires use their foundations for tax evasion and to overturn politics they don't like. Like e.g. George Soros is giving money to organizations that follow his intentions no matter what the US or the country he is trying to influence is thinking about it. So there is always two sides to the story about foundations and charity.
That's true for many like Soros, Kochs, Adelson, etc. I've never heard of Gates or Buffett using their money that way.

Yeah, unlike the names you mentioned, he isn't trying to use his money to influence politics in a way no non-billionaire ever could.

Soros and the Kochs are bad, but for some reason Adelson makes my skin crawl above all others.
Let's not forget the tRump Foundation which was proven to be a scam.
The proof was found in his tax returns, oh wait.
 
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https://www.newyorker.com/humor/borowitz-report
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17. Re: Sunday Tech Bits Oct 30, 2017, 16:57 Beamer
 
jdreyer wrote on Oct 30, 2017, 16:53:
El Pit wrote on Oct 30, 2017, 09:08:
jdreyer wrote on Oct 29, 2017, 14:13:
Ash wrote on Oct 29, 2017, 14:11:
Because Bill Gates donates insane amounts of money to charities, or invests them in technologies or foundations that can help people.

I used to hate Bill, but after he donated his fortune, I changed my mind. He's one of the great true philanthropists of our day.

I am not sure about Bill and Melinda Gates, but a lot of billionaires and millionaires use their foundations for tax evasion and to overturn politics they don't like. Like e.g. George Soros is giving money to organizations that follow his intentions no matter what the US or the country he is trying to influence is thinking about it. So there is always two sides to the story about foundations and charity.
That's true for many like Soros, Kochs, Adelson, etc. I've never heard of Gates or Buffett using their money that way.

Yeah, unlike the names you mentioned, he isn't trying to use his money to influence politics in a way no non-billionaire ever could.

Soros and the Kochs are bad, but for some reason Adelson makes my skin crawl above all others.
 
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http://www.hydrahead.com
http://www.painkillerrecords.com
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16. Re: Sunday Tech Bits Oct 30, 2017, 16:53 jdreyer
 
El Pit wrote on Oct 30, 2017, 09:08:
jdreyer wrote on Oct 29, 2017, 14:13:
Ash wrote on Oct 29, 2017, 14:11:
Because Bill Gates donates insane amounts of money to charities, or invests them in technologies or foundations that can help people.

I used to hate Bill, but after he donated his fortune, I changed my mind. He's one of the great true philanthropists of our day.

I am not sure about Bill and Melinda Gates, but a lot of billionaires and millionaires use their foundations for tax evasion and to overturn politics they don't like. Like e.g. George Soros is giving money to organizations that follow his intentions no matter what the US or the country he is trying to influence is thinking about it. So there is always two sides to the story about foundations and charity.
That's true for many like Soros, Kochs, Adelson, etc. I've never heard of Gates or Buffett using their money that way.
 
Avatar 22024
 
Stay a while, and listen.
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15. Re: Sunday Tech Bits Oct 30, 2017, 10:13 Mr. Tact
 
Verno wrote on Oct 30, 2017, 10:08:
Ouch yeah, WorldCom hit me too. The interesting thing about stock picking is that I am so fucking bad at it whenever I assume I am gaining competence yet perform very well when I'm fearful and not meddling. I swapped most of my portfolio over to index funds about 10 years ago because of that and left about 5% of my annual contribution room as "play money". That way I can fart around a bit with tech stocks to satisfy the idea that I'm actually accomplishing something while not fucking over my retirement funds
Haha, yeah. The money I was "playing with" was always cash I had set aside, never the retirement money. I was reasonably lucky, by the time the 2008 recession hit I'd been maxing out my 401k for a few years and was nearly 100% in broad indexed funds. Didn't change a thing, kept contributing the max, and now here I am nine years later, retired. If that recession had happened in 2015 instead, I'd probably still be working and wondering if I would ever be able to retire.
 
Truth is brutal. Prepare for pain.
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14. Re: Sunday Tech Bits Oct 30, 2017, 10:08 Verno
 
Ouch yeah, WorldCom hit me too. The interesting thing about stock picking is that I am so fucking bad at it whenever I assume I am gaining competence yet perform very well when I'm fearful and not meddling. I swapped most of my portfolio over to index funds about 10 years ago because of that and left about 5% of my annual contribution room as "play money". That way I can fart around a bit with tech stocks to satisfy the idea that I'm actually accomplishing something while not fucking over my retirement funds  
Playing: Super Mario Odyssey, Wolfenstein II, SNES Classic
Watching: An Inconvenient Sequel, The Orville, Star Trek Voyager
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13. Re: Sunday Tech Bits Oct 30, 2017, 09:59 Mr. Tact
 
Verno wrote on Oct 30, 2017, 09:20:
Buy and Hold cuts both ways though. I had $2000 in Nortel stock that is totally worthless today

I know a couple who bought BoA stock after the crash for next to nothing on a lark. Millionaires today. Just luck.
True, very true. I have my own "should have sold" story... about 20 years ago or so I bought a telecommunication company stock I was familiar with "Intermedia" I bought 100 shares for just under $20 a share. About a year after that they were up to $39 a share and I was feeling pretty good. Another year after that they were bought by Worldcom and the shares were converted to Worldcom shares. Within two years of that Worldcom was bankrupt and my $2k investment was gone.

I bought BoA after the crash. But I was selling covered calls on my shares and eventually the option was exercised. Made roughly 50% on my investment in about six months. So I can't complain too much, but yeah -- would have been nice if I had just held on to it.
 
Truth is brutal. Prepare for pain.
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12. Re: Sunday Tech Bits Oct 30, 2017, 09:20 Verno
 
Mr. Tact wrote on Oct 29, 2017, 12:30:
In case anyone was wondering... on the day Amazon IPO'd it opened at 18 closed at 23.50 -- assume you got 100 shares at $23 each. If you managed to not sell them somewhere along the way... your $2,300 investment would now be 1,200 shares worth roughly $1.3 million.

Buy and Hold cuts both ways though. I had $2000 in Nortel stock that is totally worthless today

I know a couple who bought BoA stock after the crash for next to nothing on a lark. Millionaires today. Just luck.
 
Playing: Super Mario Odyssey, Wolfenstein II, SNES Classic
Watching: An Inconvenient Sequel, The Orville, Star Trek Voyager
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11. Re: Sunday Tech Bits Oct 30, 2017, 09:12 Mr. Tact
 
Creston wrote on Oct 30, 2017, 00:45:
Mr. Tact wrote on Oct 29, 2017, 12:30:
In case anyone was wondering... on the day Amazon IPO'd it opened at 18 closed at 23.50 -- assume you got 100 shares at $23 each. If you managed to not sell them somewhere along the way... your $2,300 investment would now be 1,200 shares worth roughly $1.3 million.



*kicks himself*
Don't feel too bad, the odds are you would not have held onto the shares this long even if you had bought them. Just think about it. When $2,300 becomes worth $10k are you going continue to hold? $20k? $50k? $100k? I discuss this occasionally with friends, it is a nice day dream topic. I've decided the only possibly way I would hold onto something that long (20 years in this case) is if I purchased the stock in an IRA fund.
 
Truth is brutal. Prepare for pain.
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10. Re: Sunday Tech Bits Oct 30, 2017, 09:08 El Pit
 
jdreyer wrote on Oct 29, 2017, 14:13:
Ash wrote on Oct 29, 2017, 14:11:
Because Bill Gates donates insane amounts of money to charities, or invests them in technologies or foundations that can help people.

I used to hate Bill, but after he donated his fortune, I changed my mind. He's one of the great true philanthropists of our day.

I am not sure about Bill and Melinda Gates, but a lot of billionaires and millionaires use their foundations for tax evasion and to overturn politics they don't like. Like e.g. George Soros is giving money to organizations that follow his intentions no matter what the US or the country he is trying to influence is thinking about it. So there is always two sides to the story about foundations and charity.
 
They're waiting for you, Gabe, in the test chamber!
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9. Re: Sunday Tech Bits Oct 30, 2017, 03:45 DangerDog
 
Bumpy wrote on Oct 29, 2017, 19:10:
Ash wrote on Oct 29, 2017, 14:11:
Because Bill Gates donates insane amounts of money to charities, or invests them in technologies or foundations that can help people.

Pretty much this.

Waiting to hear the same from Mr. Bezos hopefully in the near future.

He gives away free bananas, so there's that.
 
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8. Re: Sunday Tech Bits Oct 30, 2017, 00:45 Creston
 
Mr. Tact wrote on Oct 29, 2017, 12:30:
In case anyone was wondering... on the day Amazon IPO'd it opened at 18 closed at 23.50 -- assume you got 100 shares at $23 each. If you managed to not sell them somewhere along the way... your $2,300 investment would now be 1,200 shares worth roughly $1.3 million.



*kicks himself*

 
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7. Re: Sunday Tech Bits Oct 29, 2017, 23:56 necrosis
 
Bumpy wrote on Oct 29, 2017, 19:10:
Ash wrote on Oct 29, 2017, 14:11:
Because Bill Gates donates insane amounts of money to charities, or invests them in technologies or foundations that can help people.

Pretty much this.

Waiting to hear the same from Mr. Bezos hopefully in the near future.
Wasent the Harry Potter author delisted off some "richest" list because of her donations?
 
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6. Re: Sunday Tech Bits Oct 29, 2017, 19:10 Bumpy
 
Ash wrote on Oct 29, 2017, 14:11:
Because Bill Gates donates insane amounts of money to charities, or invests them in technologies or foundations that can help people.

Pretty much this.

Waiting to hear the same from Mr. Bezos hopefully in the near future.
 
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5. Re: Sunday Tech Bits Oct 29, 2017, 14:49 Simon Says
 
Let me correct that for you by removing the cult-ural worship and injecting a healthy ( pun intended ) dose of reality:

Jeff Bezos Passes Bill Gates to Become the World’s Person With the Worst Compulsive Hoarding Disorder

There you go!
 
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4. Re: Sunday Tech Bits Oct 29, 2017, 14:13 jdreyer
 
Ash wrote on Oct 29, 2017, 14:11:
Because Bill Gates donates insane amounts of money to charities, or invests them in technologies or foundations that can help people.

I used to hate Bill, but after he donated his fortune, I changed my mind. He's one of the great true philanthropists of our day.
 
Avatar 22024
 
Stay a while, and listen.
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3. Re: Sunday Tech Bits Oct 29, 2017, 14:11 Ash
 
Because Bill Gates donates insane amounts of money to charities, or invests them in technologies or foundations that can help people.  
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2. Re: Sunday Tech Bits Oct 29, 2017, 13:51 Fion
 
Bill Gates gets passed every few years by someone. But then he ends up on top again somehow.  
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1. Re: Sunday Tech Bits Oct 29, 2017, 12:30 Mr. Tact
 
In case anyone was wondering... on the day Amazon IPO'd it opened at 18 closed at 23.50 -- assume you got 100 shares at $23 each. If you managed to not sell them somewhere along the way... your $2,300 investment would now be 1,200 shares worth roughly $1.3 million.  
Truth is brutal. Prepare for pain.
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