I'd like to know the answer as well. VTWO tracking the Russell 2000? At least you know it's an ETF that doesn't contain the big AI players.

COMEX is running lower on silver, their dumping is not sustainable. Could hit $500, $5000.

US recession will spread to everything and everyone, including or especially EU.

What if the market expected 25% more then reported ? Nobody "knows" what the market expects. People infer it by looking at forward valuation, company guidance, investor expectations, and many many other things happening in the world, in competition, in the value chain. And of course the market does its thing and figures that this company has x% chance of beating (or missing) by $y, and when it's wrong the moves can be huge.

IME you have to be true to what you predict. Whether you're predictably growing, predictably shrinking, or predictably flat if you blow your prediction that's when people start to worry that you don't know what you're doing.

Well, it's odd in that they do this sideways financial performance while also from time to time dropping a state-of-the-art microprocessor, like a real tech giant.

You could also see that it's odd in that most companies from 100 years ago simply don't exist. The perfectly flat trajectory bordering on fade-out is uncommon. The median 100-year-old tech company is Sperry, not IBM.

If an employee periodically vests a fixed number of shares, as opposed to a fixed dollar amount of shares, this is actually untrue.

Assume an employee's marginal tax rate is 40% and their capital gains rate is 15%. Then there are 2 scenarios:

1. Vest 100 shares at $100 apiece. After tax that's 60 shares * $100 = $6000 total.

2. A sudden price drop causes 100 shares to vest at $50. After tax that's 60 shares * $50 = $3000. Later the price rises to $100 and the employee sells them. Another $3000 in capital gains, leaving $2550 after taxes. Total = $5250.

In the UK you pay income tax on the initial price; then if you hold the shares before selling capital gains tax on any gains. However CGT is a much lower rate than income tax so I guess it could be a bit advantageous. But you have to factor that against the risk of holding a single company's shares (also the company you work for), against selling and buying into the whole market.

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can you show the math for your last statement?