[DeTomaso] Should we purchase vintage cars for our investment portfolio?

Ed Mendez edducati at mac.com
Wed Aug 19 23:02:47 EDT 2015


And then there is Apple but still Intel/bsd/Linux which a lot of people don't realize, but I am heavily invested in them.

:-)

Ed

Sent from my iPhone 6 Plus

> On Aug 19, 2015, at 19:55, Will Kooiman <will.kooiman at gmail.com> wrote:
> 
> I liked Solaris too.  Proprietary hardware had no future, though.  Sun was
> doomed regardless of Oracle’s involvement.  The same was true for
> DEC/Alpha.  Or maybe you could say that DEC was doomed because of Ken
> Olsen.  Water under the bridge.  Doesn’t matter.
> 
> We’re doing everything on Intel/Linux these days.  It’s a very stable
> platform.  Plus, we’re moving more towards VMWare.  I’m not a big fan of
> VM from an engineering standpoint, but it makes a lot of sense in the big
> picture.
> 
> 
>> On 8/19/15, 10:41 PM, "Ed Mendez" <edducati at mac.com> wrote:
>> 
>> I received my Sun Solaris Unix System Admin and Network Certificate in
>> 2000, IMHO They were the greatest makers of Unix RISC based equipment and
>> a rock solid OS.
>> 
>> At one point Sun was just about on the backend of every Fortune 500
>> company.
>> 
>> and Then...
>> 
>> Larry Ellison F’d it all up.
>> 
>> ORACLE = One Rich Asshole Called Larry Ellison
>> 
>> A shame. I too lost on Sun shares. Pails in comparison to yours. Sorry
>> dude.
>> 
>> Ed
>> 
>> 
>>> On Aug 19, 2015, at 19:18, Will Kooiman <will.kooiman at gmail.com> wrote:
>>> 
>>> Don¹t even get me started on Sun Microsystems.
>>> 
>>> I did stock market software for about 6 years.  During that time, I was
>>> very active in the stock market.  I had a run for about a year where I
>>> made about $850K by day trading.  I was right at $1M, so I called it
>>> quits
>>> and bought about $600K in Oracle and about $300K in Sun.  And then,
>>> Larry
>>> Ellison fired Ray Lane, and both Oracle and Sun took a dive.  A year
>>> later, my $950K was worth about $90K.  Numbers are foggy.  Don¹t make me
>>> look it up.  I stopped trading for 2-3 years, and briefly got back into
>>> the market for a slight rebound, but that really drove home the adage,
>>> easy come, easy go.
>>> 
>>> A few years later, the stock market was soft, so my wife sold some
>>> mutual
>>> funds and bought some art.  We can¹t drive it, but we enjoy it.  It
>>> might
>>> not be going up in value, but neither was her mutual fund.
>>> 
>>> So, that¹s how I view collector cars.  If you are buying them to store
>>> and
>>> watch them go up in value, you better be damn good or lucky at buying.
>>> If
>>> you plan on spending a lot of time with them, wrenching, washing,
>>> polishing, or preferably driving them, they pay you back in enjoyment.
>>> 
>>> Nobody ever talks about buying boats for investments.  Why does everyone
>>> try to make it a big deal with sports cars?
>>> 
>>> On 8/19/15, 12:21 PM, "DeTomaso on behalf of Joseph F. Byrd, Jr."
>>> <detomaso-bounces at poca.com on behalf of byrdjf at embarqmail.com> wrote:
>>> 
>>>> I had never seen a LOG scale used to show stock price history!
>>>> I hope you got the majority of you ESP out!
>>>> 
>>>> -----Original Message-----
>>>> From: DeTomaso [mailto:detomaso-bounces at poca.com] On Behalf Of Thomas
>>>> Tornblom
>>>> Sent: Wednesday, August 19, 2015 10:08 AM
>>>> To: detomaso at poca.com
>>>> Subject: Re: [DeTomaso] Should we purchase vintage cars for our
>>>> investment
>>>> portfolio?
>>>> 
>>>> I joined Sun in Nov 1996 and got on the employee stock purchase program
>>>> where we could buy Sun stock for part of our salary, at a 15% discount.
>>>> 
>>>> In the years they had normally two 1:2 splits per year.
>>>> 
>>>> You can see the stock price at: http://k0lee.com/2009/10/sun-also-sets/
>>>> 
>>>> I learned after I had bought the car that my wife was not happy about
>>>> me
>>>> buying it, and beeing male I guess I was blind to any hints to that
>>>> effect.
>>>> 
>>>> After I explained that if I had kept the Sun Stock it would have only
>>>> been
>>>> worth about 1/5:th of what the car was worth, and with the recent hike
>>>> it
>>>> is
>>>> now more like 1/10:th.
>>>> 
>>>> She's happy now :)
>>>> 
>>>> Cheers,
>>>> Thomas
>>>> 
>>>> 
>>>> Den 2015-08-19 14:12, Sean Korb skrev:
>>>>>   I really never thought of it that way... I had very meager
>>>>> retirement
>>>>>   savings at the time but I bought my Pantera with everything I had,
>>>>>   cashed out in 2000.A  It survived both that recession and the next
>>>>> and
>>>>>   has tripled in value.A  Not bad!
>>>>>   But that has nothing to do with why I bought it and still own it :)
>>>>>   sean
>>>>> 
>>>>>   On Wed, Aug 19, 2015 at 12:35 AM, thomas <[1]thomas at hax.se> wrote:
>>>>> 
>>>>>     I sold most of my Sun Microsystems stock to buy my GT5 in March
>>>>>     2000. That has turned out to be the best timed deal ever for me.
>>>>>     Thomas
>>>>> 
>>>>>> 19 aug 2015 kl. 01:10 skrev Jeff Detrich <[2]jjdetrich at gmail.com>:
>>>>>> 
>>>>>> A  A If you had used some of your stock portfolio to buy a classic
>>>>> or
>>>>>> A  A vintage car just before the stock market crash, it would have
>>>>>   saved you
>>>>>> A  A from losing a lot of money on those assets. Does that count?
>>>>>> A  A Jeff
>>>>>> 
>>>>>> A  A On Mon, Aug 17, 2015 at 6:03 PM, John Taphorn
>>>>>> A  A <[1][3]jtaphorn at kingwoodcable.com> wrote:
>>>>>> 
>>>>>> A  A  A This Bloomberg story greeted me at my office this morning.
>>>>>   Here is
>>>>>> A  A  A one person's opinion on vintage cars as an investment.AA
>>>>>   Would you
>>>>>> A  A  A agree?
>>>>>> A  A
>>>>>   A
>>>> [2][4]http://www.fa-mag.com/news/why-a-classic-car-is--almost--never-
>>>>>   a-
>>>>>> A  A
>>>>>   A 
>>>>> good-investment-22791.html?utm_source=PW+Subscribers&utm_campaign=f7
>>>>>> A  A
>>>>>   A 
>>>>> ee052d6d-PWN_PW+News_081715&utm_medium=email&utm_term=0_1899ce8517-f
>>>>>> A  A  A 7ee052d6d-232404493
>>>>>> A  A  A JT
>>>>>> A  A  A _______________________________________________
>>>>>> A  A  A Detomaso Forum Managed by POCA
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>>>>>> A  A  A etc.) use the links above.
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>>>>>> References
>>>>>> 
>>>>>> A  A 1. mailto:[7]jtaphorn at kingwoodcable.com
>>>>>> A  A 2.
>>>> [8]http://www.fa-mag.com/news/why-a-classic-car-is--almost--never-a-goo
>>>> d-investment-22791.html?utm_source=PW+Subscribers&utm_campaign=f7ee052d
>>>> 6d-PWN_PW+News_081715&utm_medium=email&utm_term=0_1899ce8517-f7ee052d6d
>>>>>   -232404493
>>>>>> A  A 3. mailto:[9]DeTomaso at poca.com
>>>>>> A  A 4. [10]http://poca.com/mailman/listinfo/detomaso_poca.com
>>>>> 
>>>>>> 
>>>>>> _______________________________________________
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>>>>>   --
>>>>>   Sean Korb [15]spkorb at spkorb.org [16]http://www.spkorb.org
>>>>>   '65,'68 Mustangs,'68 Cougar,'78 R100/7,'60 Metro,'59 A35,'71
>>>>> Pantera
>>>>>   #1382
>>>>>   "The more you drive, the less intelligent you get" --Miller
>>>>>   "Computers are useless.A  They can only give you answers." -P.
>>>>> Picasso
>>>>> 
>>>>> References
>>>>> 
>>>>>   1. mailto:thomas at hax.se
>>>>>   2. mailto:jjdetrich at gmail.com
>>>>>   3. mailto:jtaphorn at kingwoodcable.com
>>>>>   4. 
>>>>> http://www.fa-mag.com/news/why-a-classic-car-is--almost--never-a-
>>>>>   5. mailto:DeTomaso at poca.com
>>>>>   6. http://poca.com/mailman/listinfo/detomaso_poca.com
>>>>>   7. mailto:jtaphorn at kingwoodcable.com
>>>>>   8.
>>>> 
>>>> http://www.fa-mag.com/news/why-a-classic-car-is--almost--never-a-good-in
>>>> ve
>>>> st
>>>> 
>>>> ment-22791.html?utm_source=PW+Subscribers&utm_campaign=f7ee052d6d-PWN_PW
>>>> +N
>>>> ew
>>>> s_081715&utm_medium=email&utm_term=0_1899ce8517-f7ee052d6d-232404493
>>>>>   9. mailto:DeTomaso at poca.com
>>>>>  10. http://poca.com/mailman/listinfo/detomaso_poca.com
>>>>>  11. mailto:DeTomaso at poca.com
>>>>>  12. http://poca.com/mailman/listinfo/detomaso_poca.com
>>>>>  13. mailto:DeTomaso at poca.com
>>>>>  14. http://poca.com/mailman/listinfo/detomaso_poca.com
>>>>>  15. mailto:spkorb at spkorb.org
>>>>>  16. http://www.spkorb.org/
>>>>> 
>>>>> 
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>>>>> 
>>>>> 
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>>>> 
>>>> -- 
>>>> Real life:   Thomas Törnblom             Email:       thomas at hax.se
>>>> Snail mail:  Banvallsvägen 14            Phone:    +46 18 32 31 18
>>>>            S - 754 40 Uppsala, Sweden  Mobile:   +46 76 209 8320
>>>> 
>>>> 
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