New dog, old trick. or is it old dog, old tricks?
P/E Ratio - I am reading the financial blogs about the valuation of start-ups that are in the billions of dollars, yet, have never made a dime. I think back to the first Silicon Valley crash. They had a term “burn rate” which believe it or not was a glamorized sort of honor over who was burning through cash fastest.
In business school, "burn rate" was never one of the financial modeling ratios we were ever taught. Perhaps that was taught in politics and government classes, but i didn't take too many of them. One day my old friend, commenting on how car dealers were bringing luxury cars around to workspots, asked me, "do i sell or hold my stock options?"
I asked a few questions, looked at the financial sheets, did some quick calculations and came back, laughing, "You have a -16, 404 P/E ratio. technically, there is no negative number P/E ration."
Excitedly, he asked, “So a -16,404 PE ratio is really good?”
“Dude, put the phone close to your ear, listen carefully, then hang up the phone with me, and then go SELL YOUR STOCK OPTIONS AS FAST AS YOU CAN!”
"So negative is not good in this case?"
My friend and few people i know made millions, never actually making one dime of profit, and in some case actual sales revenue. As an inventor, you just shook your head.
What gets interesting is that the more one sheds in the life of stuff, the more you realize how goofy capitalism can be. you look back at the insanity of "stuff." Not much good will come, when greed is allowed to run over common sense in the markets.
No Sleep – my wife had been doing much better with her cold/flu or whatever malady she is working through with neocitron, tea, and a variety of cold medicines. Then last night, I have no idea what happened, but she was burning up with fever and overall just miserable.
When you feel bad that another person feels so bad – it is a good sign they are really sick and you feel helpless that you really can’t do anything to make them feel better.
This morning, there was a run to the market to get the various foods and puddings she wanted, and then you just sit there holding her, as that is about all she wants. Thankfully women are usually much better when one is sick than men. We tend to be bears and just want to eat and hibernate and be left alone.
So…the fever appears to have broken, she took a pain pill, and now she is sleeping away. My nightmare is…
BAD TV – I pretty much gave up television in the mind 1990’s when we had the basics for the tech cave, immersive audio and imploding video and what was possible. Normal viewing really seemed lame. The way broadcasting changed and the idea of non-bias – to new shows completely with bias led to the infamous day when Kenneth star had a press release announcing he was walking from one building to the next. It was during the Monica Lewinsky/bill Clinton mess. When I saw hundred of reporters all lined up to “cover” and “get the shot” from a wide-angle pan from CNN…
I turned off the television that day. Motion pictures were still fun, but TV was pretty much dead unless I was visiting my folks, and if you have ever been to Binghamton, NY you will realize why watching television late at night is actually a form of bad entertainment is better than none.
With the Germans, Austrians, French and the BBC channels, you still get a very conservative view of news. Broadcasters talk, they don’t scream at each other. People are civil and have discussion about topics that both sides of an issue are passionate about – there is no baiting for a fight or brawl on camera.
But while holding my wife as her body finally calmed down to fall asleep, I was stuck on a channel where a show about Miami airport was on. I think I gawked at the show and went, “who and where did they get this idea from?”
While I know there was a message and various slants to them – the rapid fire camera edits, cast of characters saying pretty much mindless banter to make the idea of a person breaking a nail seem like a hazardous and potential dangerous issue.
I am amazed the one character didn’t actually say, “I have seen where a broken nail turned into a potential weapon! you have to be vigilant, cautious, get more federal money to protect against this possible threat! we need MORE federal money!"
So I apologize if today’s ramble is rather…. mindless. My brain feels like it melted and dripped out of my skull in just one episode of that show. Was it the content, the bad writing, the overacting (or are they like that in real life) or the use of buzzwords and a faux sense of actually caring about something other than their acting career?
Blame it on me watching one episode of American reality television. not worth spending any more time analyzing...snip.
have a great day - a nice cup of coffee for moi!