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I was still in high school in 2000, so obviously wasn't investing.
But the more I read, the more I realize it wasn't just a using "eyeballs" for valuation problem.
Thread below:
First up Xilinx
They were the leaders (and still are) with ~40% share in FPGAs. The end market was growing. They were growing fast as shown in this chart for fiscal year 2001 ending in March 2001
The CAGR was lot higher in closer to 2000 - it was growing 50%+. Until 2001 that is. That's when revenues dropped 30% due to market correction.
Xilinx - an innovator and leader in FPGAs - did not reach same stock price until 2018!
Next up - Microsoft
It was growing fast, Bill Gates was talking of PC plus era where internet would enable new features
But MSFT got multiple compression problem as covered in this excellent tweet from @corry_wang
Stock price to dropped from the highs of late 1999 and didn't get back till 2016, despite quadrupling earnings in the next
But the more I read, the more I realize it wasn't just a using "eyeballs" for valuation problem.
Thread below:
First up Xilinx
They were the leaders (and still are) with ~40% share in FPGAs. The end market was growing. They were growing fast as shown in this chart for fiscal year 2001 ending in March 2001
The CAGR was lot higher in closer to 2000 - it was growing 50%+. Until 2001 that is. That's when revenues dropped 30% due to market correction.
Xilinx - an innovator and leader in FPGAs - did not reach same stock price until 2018!
Next up - Microsoft
It was growing fast, Bill Gates was talking of PC plus era where internet would enable new features
But MSFT got multiple compression problem as covered in this excellent tweet from @corry_wang
Stock price to dropped from the highs of late 1999 and didn't get back till 2016, despite quadrupling earnings in the next
12/ "The multiple matters just as much as the growth"
— Corry Wang (@corry_wang) September 1, 2020
Sorry guys, I couldn't resist fitting at least one truly hot take in here... pic.twitter.com/NuT7dIeRBd
1/Turns out the person in the pic is the cousin-in-law of the Trudeau fam!👀
Aside from @MsAmyMacPherson's political opinion, she lays out damning facts on how political canvassing data + close connections (incl. 1 at a hospital) were used to lure kids.
https://t.co/bg4aJIWXzR
2/The canvassing platform, 'The Liberalist', was jointly developed by NGP VAN in the US (used by Obama and the DNC) and Tom Pitfield (more below).
The database included private data of children & youth and was built using WordPress, a platform with security vulnerabilities.
3/It is uncertain if today's https://t.co/z65Z9DaFxM platform is housed in the US, Canada, or another country.
In NGP VAN's privacy policy it states that it is a data processor. In the LPC's privacy policy, there is a lack of transparent on where its data is even housed.
4/MacPherson states that many individuals had access to this database at the time, some of whom were:
- Jared Nolan, a Liberal riding exec, a convicted p*do, distributor of fake passports and CP, and a former hospital employee who abused access to patient data to lure children.
5/
- Tom Pitfield, brainchild of the original platform and JT's childhood friend who also happens to vacation with the JT family. Tom's father, Michael, was PE Trudeau's confidant. Tom is now the co-founder of thinktank Canada 2020.
Aside from @MsAmyMacPherson's political opinion, she lays out damning facts on how political canvassing data + close connections (incl. 1 at a hospital) were used to lure kids.
https://t.co/bg4aJIWXzR
2/The canvassing platform, 'The Liberalist', was jointly developed by NGP VAN in the US (used by Obama and the DNC) and Tom Pitfield (more below).
The database included private data of children & youth and was built using WordPress, a platform with security vulnerabilities.
3/It is uncertain if today's https://t.co/z65Z9DaFxM platform is housed in the US, Canada, or another country.
In NGP VAN's privacy policy it states that it is a data processor. In the LPC's privacy policy, there is a lack of transparent on where its data is even housed.
4/MacPherson states that many individuals had access to this database at the time, some of whom were:
- Jared Nolan, a Liberal riding exec, a convicted p*do, distributor of fake passports and CP, and a former hospital employee who abused access to patient data to lure children.
5/
- Tom Pitfield, brainchild of the original platform and JT's childhood friend who also happens to vacation with the JT family. Tom's father, Michael, was PE Trudeau's confidant. Tom is now the co-founder of thinktank Canada 2020.
This thread will debunk "the judges didn't look at evidence" nonsense that has been going around.
Over and over again, judges have gone out of their way to listen to the evidence and dismantle it, enjoy the carnage!
1/
Bowyer v. Ducey (Sidney Powell's case in Arizona)
"Plaintiffs have not moved the
needle for their fraud theory from conceivable to plausible"
This is a great opinion to start with. The Judge completely dismantles the nonsense brought before her.
2/
https://t.co/F2vllUhM2G
King vs. Whitmer (Michigan, Sidney Powell case)
"Nothing but speculation and conjecture"
This is a good one to show people who think affidavits are good evidence. Notice how the affidavits don't actually say they saw fraud happen in Detroit.
3/
https://t.co/NZAtqivWkL
Trump v. Benson (Michigan)
"hearsay within hearsay"
Another good one to show people who think affidavits are absolute proof.
4/
https://t.co/17GeGhImHF
Stoddard v. City Election Commission (Michigan)
"mere speculation"
/5
https://t.co/ekqYEqiIL9
Over and over again, judges have gone out of their way to listen to the evidence and dismantle it, enjoy the carnage!
1/
Bowyer v. Ducey (Sidney Powell's case in Arizona)
"Plaintiffs have not moved the
needle for their fraud theory from conceivable to plausible"
This is a great opinion to start with. The Judge completely dismantles the nonsense brought before her.
2/
https://t.co/F2vllUhM2G
King vs. Whitmer (Michigan, Sidney Powell case)
"Nothing but speculation and conjecture"
This is a good one to show people who think affidavits are good evidence. Notice how the affidavits don't actually say they saw fraud happen in Detroit.
3/
https://t.co/NZAtqivWkL
Trump v. Benson (Michigan)
"hearsay within hearsay"
Another good one to show people who think affidavits are absolute proof.
4/
https://t.co/17GeGhImHF
Stoddard v. City Election Commission (Michigan)
"mere speculation"
/5
https://t.co/ekqYEqiIL9
.@MCoSheriff has the same problem x10.
Run by a crooked Deputy turned Sheriff in 2015, @SheriffBernal should be deported. 😂 https://t.co/WxnRl6otrB
2/
"The state Fair Political Practices Commission this month agreed to open investigations into two complaints filed by Schneider. One accuses the Monterey County Counsel’s Office of improper partisanship. We’ll get to that one in a
3/
"Over the past year, his research has revealed an apparent pattern of campaign law violations throughout Monterey County and an unwillingness by local authorities to take
4/
'They liked it best when the resulting stories could be labeled with a headline or voiceover declaring something simple like “Charges Fly in Sheriff’s
5/
"Caldwell denies he had a still but acknowledges that a SWAT team sergeant passed out after drinking too much of something and had to be taken away by
Run by a crooked Deputy turned Sheriff in 2015, @SheriffBernal should be deported. 😂 https://t.co/WxnRl6otrB
Eye-opening report from @NateGartrell about a 'deportation pipeline' in San Francisco
— David DeBolt (@daviddebolt) December 24, 2020
DA Chesa Boudin: \u201cSFPD knows full well they are handing over undocumented immigrants to federal authorities for deportation.\u201dhttps://t.co/dTsr61O8ri
2/
"The state Fair Political Practices Commission this month agreed to open investigations into two complaints filed by Schneider. One accuses the Monterey County Counsel’s Office of improper partisanship. We’ll get to that one in a
3/
"Over the past year, his research has revealed an apparent pattern of campaign law violations throughout Monterey County and an unwillingness by local authorities to take
4/
'They liked it best when the resulting stories could be labeled with a headline or voiceover declaring something simple like “Charges Fly in Sheriff’s
5/
"Caldwell denies he had a still but acknowledges that a SWAT team sergeant passed out after drinking too much of something and had to be taken away by
Actually, this reminds me of ANOTHER story, this one I learned from a crusty old networking greybeard back in the day before *I* was a fresh-faced young hacker kiddie learning about networks and routing for the first time.
1/
He told me that he had been working in Sub-Saharan Africa, setting up networks in rural areas, back in the late 80s. They would string copper cable between towns, but were, again, having a problem where cables were being stolen, in this case for the copper. 2/
1/
Apparently in Kenya they were breaking in to the electrical transformers for the oil and then cooking with it. Kinda similar to what you're talking about.https://t.co/AIUEhVVOxO
— Michael Howell (@ItsOhWell) December 25, 2020
He told me that he had been working in Sub-Saharan Africa, setting up networks in rural areas, back in the late 80s. They would string copper cable between towns, but were, again, having a problem where cables were being stolen, in this case for the copper. 2/