Sunday, December 20, 2015

"The Wealth Was Almost As Fake As The People Who Believed In It"

Along with the rest of the S&P 500, Microsoft is laying itself off to prosperity. The stock peaked on Thursday 5% above the current level...

Fact check please. Microsoft hasn't been this expensive since Y2K when its growth rate was about 3x higher...

Stock buybacks are covering up declining net income, mostly due to ongoing write-offs of failed businesses:
Microsoft Financial Statements (Archive)

"We make money the old fashioned way: Operating system monopoly, mass layoffs for stock buybacks, and Fed money printing"

Microsoft with Fed balance sheet