GE Stocks in Healthcare | Wallstreet Trapper (Trappin Tuesday's)

Trappin Tuesday's

Wallstreet Looks Like Us Now Network

Business, Wallstreet Trapper, Investing, Entrepreneurship

4.9 • 2K Ratings

🗓️ 14 January 2023

⏱️ 17 minutes

🔗️ Recording | iTunes | RSS

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Summary

Is GE the Big Dawg in Healthcare? We Talk about that and more on this episode and if there is a such thing as getting Too Big. The Stock Market is a Money Machine that Prints Money. You are more than capable of operating the machine. This is the Story that you Need to Tell Yourself Daily,... Not Just on Tuesdays. We Breaking Chains!!! Investing Standards | Wallstreet Trapper (Episode 25) Original video: https://youtu.be/04YtOwAWo1I From the streets to the stock market. Ev...

Transcript

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0:00.0	I'm I thought about this man because I like spin-off businesses. I said this a while back when you're investing in the stock market.
0:25.0	Spin-off businesses often do well because they have the notoriety of the big brand and he already kind of have in
0:36.2	baked-in numbers. Right? So GE had a spin-off with GE health care. Now remember one of the reasons I didn't like
0:47.6	general electrical is because okay here's a history lesson. Can I tell a story
0:52.4	right quick Jose I got time for a story or here's a history lesson. Can I tell a story right quick?
0:53.0	I got time for a story.
0:54.0	All right, here's a story right quick.
0:57.0	General Electric was started by Thomas Edison.
1:02.0	Thomas Edison had beef with Nikolai Tesla,
1:07.0	because Tesla said that I have
1:10.0	a better way of producing electricity than you.
1:15.0	So when Nikola Tesla got the, they had a bid for the world's share,
1:20.0	for the world fair, he got that bid. Thomas Edison was backed by
1:25.0	J.P. Morgan said, bro, I thought you said nobody was competing with you. You
1:32.0	tripping. They just one affair so Thomas Edison goes out and creates the first
1:38.1	electric show It failed horribly.
1:50.0	So, J.P. Morgan said, this is not it. This is not. This is not it.
1:57.0	So what J.P. Morgan did was, as the stock was going down,
2:01.6	J.P. Morgan went and bought 51% of the shares of the company
2:06.2	from Thomas Edison.
2:07.9	Thomas Edison didn't realize it.
2:09.8	Thomas Edison then lost the company to J.P. Morgan.
	...

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