Bitcoin vs GOOG

  • This article explores the legitimacy of the asset values for Google class C shares (GOOG) and Bitcoin

  • An asset’s value is defined as what the asset holder expects to receive from the asset.

  • Legitimacy is defined as a form of guarantee for an asset’s value.

If non-dividend stocks from Google (GOOG) meet the definition of a Ponzi scheme, what does that mean for Bitcoin?

To answer this question, we must clarify what value is to investors, and more importantly, the idea of legitimacy. Read More

The Ponzi Factor | Proof by Definition

  • Proof by Definition

  • $20,000 Open Challenge

  • Unofficial Rules and Guidelines

  • Summary

Proof by Definition

S.E.C. Definition: A Ponzi Scheme is an investment fraud that involves the payment of purported returns to existing investors from funds contributed by new investors. Read More

Stock Buybacks | False Buybacks

Narration from Chapter 6, which is based on the research below.

  • Stock buybacks cannot be treated as returns to investors because public companies can rescind what they returned through dilution.

  • This paper defines False buybacks as situations when the shares outstanding for a company does not decrease around the year it announced stock buybacks.

  • The research looked at 2,055 public companies that announced or engaged in stock buybacks between 2009 -2016, and found 63% of the buybacks were false.

  • Most of the false buybacks were from companies that paid dividends, which opens new questions about the legitimacy of dividends.

If public companies are consistently buying back stocks, why are there so many public companies remaining public?

Read More

Privacy Settings
We use cookies to enhance your experience while using our website. If you are using our Services via a browser you can restrict, block or remove cookies through your web browser settings. We also use content and scripts from third parties that may use tracking technologies. You can selectively provide your consent below to allow such third party embeds. For complete information about the cookies we use, data we collect and how we process them, please check our Privacy Policy
Youtube
Consent to display content from Youtube
Vimeo
Consent to display content from Vimeo
Google Maps
Consent to display content from Google