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Friday Fun Thread for October 7, 2022

Be advised; this thread is not for serious in depth discussion of weighty topics (we have a link for that), this thread is not for anything Culture War related. This thread is for Fun. You got jokes? Share 'em. You got silly questions? Ask 'em.

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I’m down 10% for the year although I don’t really have the time to actively manage it. I hold a little energy (VDE) which is the only reason my NASDAQ heavy portfolio isn’t substantial worse. Will need to look into tobacco… that sounds like a good idea potentially.

Here's the blog post about industry returns (table at the end) : http://www.philosophicaleconomics.com/2015/09/industry/

I think some industries are a terrible investment. It's always the same sectors: You hear about airlines never having made money, a steel company is always going bankrupt, and even buffett had a lot of trouble with his textile company. Boom-bust cycle in capital intensive sectors kills the return. You end up selling product at a loss half the time because you're stuck with all this unmovable machinery. For the winners otoh it looks like a 'sin stocks' effect.