RichardJensen

I'm not talking about the analyst being *wrong*. I'm talking about the sham that is investment bank analysis--at least what they release for public consumption.

Nope. I sure don't. I'd just like to know how it feels to discover that your job is a giant fraud.

Not as much as they're making over on the sell-side. But you do get to self-importantly say, "Fnork Forbledorp, Wells Fargo. I was wondering if you could talk about..." several times a quarter.

Using the word "Priceless" sarcastically on a message board. Priceless.

I would like to hear an analyst describe what it felt like the exact moment they realized their job was a huge fraud--that knowing a company's fundamentals was unnecessary, that ten seconds with a few different websites was sufficient to churn out another boilerplate report, and that all of this was in service of the creepy, shady people in sales.

Unless they had looked at four decades' worth of industry trends. But that's GM: They're in the business of building BMW fighters. First BMW builds something, and then GM copies it. Heaven forbid GM try to get in front of anyone, or chart their own path.

It's from the new Craftsman line of depleted uranium toolboxes.

Mile marker 69, I-29: https://goo.gl/maps/ySPnKtDArAx

Moral Hazard: https://en.wikipedia.org/wiki/Moral_hazard Equally appropriate for this thread and the ChryCo subprime mess.

Moral Hazard: https://en.wikipedia.org/wiki/Moral_hazard

Do you mean he's not offering any discount? Is he asking for MSRP on the other Ioniqs, or does he have them marked up? 1500 miles is a lot for a demo car. I mean, either that car has been sitting on the lot for quite a while or it's had a lot of miles put on it in pretty short order--either way, there are some potential warning flags there. I'd agree w/NLP, but insist that the dealer include an extended warranty as well.

What I've found: http://www.enginebuildermag.com/2005/09/rebuilding-the-ford-3-0l/ Most sources use a variation of this language, which does not appear to be the correct sequence of events. The definitive source of the Porsche connection looks like an interview w/a Ford engineer published in AutoCar in '94 https://books.google.com/books?id=2UNWAAAAMAAJ&q=porsche+ford+duratec+v6&dq=porsche+ford+duratec+v6&hl=en&sa=X&ved=0ahUKEwjt_IrDyobVAhVB74MKHZxhDRMQ6AEILjAC Unfortunately, you can't get anything more than a snippet view through Google Books. What I've been able to pull from it by creative searching, etc., is that Ford hired Porsche to work on the V6, they did not buy a partially complete V6 design from Porsche. Per this source, the block was cast using a proprietary Cosworth process: https://books.google.com/books?id=IqwiAQAAMAAJ&dq=cosworth+ford+duratec+v6&focus=searchwithinvolume&q=cosworth

OMG. Is it 2017 or 1999?

I wonder how much space 86,000,000 AA batteries take up.

Probably not the adjective I would've chosen, but vive la difference.

Not if the company had sunk billions of dollars into the project with no profits to show for it in the past, present or on the horizon. We'd call that 'the second coming of JLR' And ask anyone on the forum what they think of JLR.

The Model S is profitable according to a guy who says a million people will be ordering pizza on Mars before 2067. So, you know. And Henry Ford did more than Musk will ever do, and he was a deeply flawed person who--after the "peace ship" failure--turned into a rabid anti-Semite, empowered the guy who brought the Mafia into Detroit and more or less killed his own kid. So yeah, lots of fawning over guys named Ford here--likewise his grandson who almost destroyed Ford by spending the 70s feuding with Lee Iacocca instead of just firing that twerp (serious: Ford had like two of everything by the end of the decade: Lee's car & Hank the Deuce's car).

Seriously. If Elon Musk told people that he had a rocket provisioned and ready to take them to Mars in 2018, you would have thousands of "smart" people lining up and, in fact, fighting, for the opportunity to board that rocket. And if the whole thing blew up on the launch pad, Musk could probably fill another rocket. And maybe even another one after that before people stopped believing in him.

https://www.google.com/search?q=musk+mars+rocket&source=lnms&tbm=nws&sa=X&ved=0ahUKEwicj8mtntLUAhXBNj4KHU8HDSgQ_AUICigB&biw=1366&bih=652 No drawing on a napkin, though.

Like I said. People will always find reasons to defend the liars they believe in. Musk is a serial liar, and here you are with unshakeable confidence in him. Stop and think about that for a moment. "He has to lie and cheat! There's no other way to succeed!!!"

People will always make excuses for the sociopaths they believe in.

Elon Musk, personally, figured out how to do that? Or did he maybe hire engineers from NASA and their contractors and tell them to help themselves to billions of dollars and millions of man-hours of unpatented, royalty-free, 100% US taxpayer funded research and data? Sure, you can say, "well if it was so easy, why didn't someone else do it?" And the answer is because Elon Musk is a coldblooded sociopath who is better at lying than 999 people out of a thousand. He's not a good person, and that, in the end, is who he is, not his cars, not his solar panels, not his rockets--because all of those things were made by other people. Sociopaths succeed in business because business is, ultimately, an amoral pursuit.

PayPal was an accident. He came up with this shotgun blast of a company that was going to provide every banking service imaginable, both between banks and banks and between banks and customers. The only idea that stuck was PayPal. And having worked with PayPal's APIs and code for over a decade, I can tell you for a fact, it was a poorly written product when Musk had it, and it has not improved.

At this point in time, Elon Musk could get a feature from like fifty different media outlets with a drawing on a napkin and a random combination of "tube", "electric", "Mars", "solar" and "rocket" And people wonder how Jonestown happened. Folks, you're looking right at how it works--only this time with people who fancy themselves much smarter than your typical cult followers.

Musk... About the only thing left for him to propose is the diamond space elevator from 2061.