Jeffrey Michael Parsons
@jmparsons.bsky.social
Physicist, Investor, AI/ML Aficionado, Photographer, Centrist Extremist
Yes, but be careful about chasing yield. Asset valuations, in the US anyway, are high and quality companies rarely have a yield that high. REITs are pushing 6% but high dividend yielding US businesses (that aren’t distressed) are yielding more like 3%.
January 15, 2025 at 4:06 PM
Yes, but be careful about chasing yield. Asset valuations, in the US anyway, are high and quality companies rarely have a yield that high. REITs are pushing 6% but high dividend yielding US businesses (that aren’t distressed) are yielding more like 3%.
The big question is not if, but when, it crosses the threshold that captures the public’s imagination as ChatGPT did at NeurIPS in late 2022. And my intuition (nothing more) is that it will be a lot sooner than Jensen Huang speculated today.
January 8, 2025 at 11:20 PM
The big question is not if, but when, it crosses the threshold that captures the public’s imagination as ChatGPT did at NeurIPS in late 2022. And my intuition (nothing more) is that it will be a lot sooner than Jensen Huang speculated today.
The ultimate impact isn’t yet knowable because the boundaries of the space of potential quantum algorithms is not yet mapped. But we know enough to know it will be a disruptive discontinuity in computing power with widespread impacts.
January 8, 2025 at 11:20 PM
The ultimate impact isn’t yet knowable because the boundaries of the space of potential quantum algorithms is not yet mapped. But we know enough to know it will be a disruptive discontinuity in computing power with widespread impacts.
And quantum computing is just as real but not as well appreciated because it hasn’t yet had its ChatGPT “Ah Ha!” moment.
January 8, 2025 at 11:20 PM
And quantum computing is just as real but not as well appreciated because it hasn’t yet had its ChatGPT “Ah Ha!” moment.
In fact, software writing software is an existential threat to firms that sell software and yet they are the ones being awarded outsized valuations by Mr. Market.
January 8, 2025 at 11:20 PM
In fact, software writing software is an existential threat to firms that sell software and yet they are the ones being awarded outsized valuations by Mr. Market.
AI is very real but investors are expecting the wrong companies to benefit. It will be mostly the boring “old economy” companies, not the tech companies, who will extract the tremendous value.
January 8, 2025 at 11:20 PM
AI is very real but investors are expecting the wrong companies to benefit. It will be mostly the boring “old economy” companies, not the tech companies, who will extract the tremendous value.
That’s a great chart. Thanks for sharing.
January 2, 2025 at 9:23 AM
That’s a great chart. Thanks for sharing.
Sure, if there is no PEG then it is not useful. But I find it a useful quick tool for understanding how the market is pricing business that are in the rapid earnings growth phase.
December 30, 2024 at 2:13 AM
Sure, if there is no PEG then it is not useful. But I find it a useful quick tool for understanding how the market is pricing business that are in the rapid earnings growth phase.
Why is PEG not useful for growth stocks?
December 30, 2024 at 1:47 AM
Why is PEG not useful for growth stocks?
The best way for anyone to minimize their own “unregretted user seconds” is to delete that app.
December 27, 2024 at 6:38 PM
The best way for anyone to minimize their own “unregretted user seconds” is to delete that app.
Sorry to be “that guy,” but I don’t think he ever said that or anything similar. Technical trading rules were not his game.
December 19, 2024 at 8:37 PM
Sorry to be “that guy,” but I don’t think he ever said that or anything similar. Technical trading rules were not his game.
The deepening twist toward risk, despite extreme valuations, is fascinating. Who wants boring old Dow stocks when you can own MicroStrategy! 🤦
December 18, 2024 at 9:48 PM
The deepening twist toward risk, despite extreme valuations, is fascinating. Who wants boring old Dow stocks when you can own MicroStrategy! 🤦
This bull market is obviously powered entirely by loose money at this point. Even hinting at a slower rate of loosening causes the next closest thing to panic.
December 18, 2024 at 9:41 PM
This bull market is obviously powered entirely by loose money at this point. Even hinting at a slower rate of loosening causes the next closest thing to panic.
OK, thank you for letting me know!
December 7, 2024 at 1:55 AM
OK, thank you for letting me know!
I love it when businesses of this quality, with marquee brands, go on sale — especially in an inflated market environment like this. It’s one of the few stocks I’ve been buying.
December 6, 2024 at 8:59 PM
I love it when businesses of this quality, with marquee brands, go on sale — especially in an inflated market environment like this. It’s one of the few stocks I’ve been buying.
This is a great picture!
January 13, 2024 at 9:04 PM
This is a great picture!
Leica M mount cameras with EVFs give new life to this sort of lens. I have little confidence in my ability to focus adequately with an optical rangefinder past 75mm unless the lens is stopped down. But I have fun with my 90mm Summicron and 135mm Elmar using the EVF.
January 13, 2024 at 9:02 PM
Leica M mount cameras with EVFs give new life to this sort of lens. I have little confidence in my ability to focus adequately with an optical rangefinder past 75mm unless the lens is stopped down. But I have fun with my 90mm Summicron and 135mm Elmar using the EVF.
That’s a great summary of the experience Vaibhav. On our connecting flight through Atlanta we noticed the same thing. It seemed like half the people waiting to board the plane were carrying posters!
December 24, 2023 at 10:36 PM
That’s a great summary of the experience Vaibhav. On our connecting flight through Atlanta we noticed the same thing. It seemed like half the people waiting to board the plane were carrying posters!
This was a thought provoking read. Thank you.
December 22, 2023 at 4:21 PM
This was a thought provoking read. Thank you.