Whether etf or active, the better option is to choose the product which provides the higher risk adjusted performance, net of fees.
David. Thanks, but that is not the issue. The question is at what weight? The index isn't forward looking, and this is the problem - there is no set-and-forget for value capture, as my colleague Anshu Sharma explained here on Livewire: https://www.livewiremarkets.com/wires/amazon-google-report-tomorrow-here-s-why-they-keep-getting-bigger
Henry, Michael... comments noted. Please note that gross profit margins exclude R&D, as they do for all car companies, under GAAP accounting.
David: Maybe. But Google revenue was up over 20% in the most recent quarter. How should we price this? And what other companies are growing like this? If I could find them, we would buy them...
great piece steve
Actually, Graeme, its a great question. The Reserve Bank will continue to be the lender of last resort, i am sure, but this is question of how profitable the banks should be, not how secure - which is why the political climate is important. As well, regulators having been stepping away from heavy handed controls in recent years, for example of Visa and Mastercard, on the basis that they were not systemically all that important in terms of total overall banking system. I would expect a similar reaction to any new payment providers too.
William - Tesla sees what a comparable car sells for, and sells accordingly - under the umbrella price, as it were. At scale, given fewer parts, it can always be more competitive than a comparable older technology ICE car Of course, any start-up, which is what Tesla is, has to overcome the high fixed costs involved, and Tesla is no different. But the company's rising share price means its easy to attract new investors (so hardly desperate, given Tencent etc) Ted - quite right Henry, $25b+ in sales is hardly Kool-Aid