jocaal

6 ms·

1.
by jocaal 1mo ago
This is a naive take. Sure they had wealth, but multiplying wealth to the scale some of those people do is no easy feat. I am not defending them, just trying to state a fact.
2.
by jocaal 1mo ago
That utopia exists, the only problem is it is a communist country where you have no individual rights and can't own land.
3.
by jocaal 3mo ago
It's simple accounting. Net money in must be more than or equal to net money out when adjusting for any temporal changes in the face value of the assets. If you use more than you produce, either you are going to have to pay in the futu
4.
by jocaal 3mo ago
Funny how people complain about federal debt, when the people complaining benefitted the most from the system. It is your children who will be paying the interest, while the older folk enjoyed a heated economy with high government spending.
5.
by jocaal 3mo ago
No, I was under the impression that foundations must be established with a non profit goal in mind. I thought you cannot just give beneficiaries cash. I see I was mistaken and that private foundations allow you to treat the structure the sa
6.
by jocaal 3mo ago
Also estonian law doesn't recognize trusts, so if you want to save your assets for your children that's a problem.
7.
by jocaal 3mo ago
It will hit their balance sheet. For the debt to get the credit rating they want, facebook must commit to spending money on whatever the special purpose vehicle is doing.
8.
by jocaal 4mo ago
Competition doesn't have to be merit based. My view on competition rules is that it should prevent winners, period. If there is a company so good that they can effectively monopolize a market based on merit alone, they should still be
9.
by jocaal 4mo ago
> How does a system that rewards people for being good at what they do 'take away liberties'? Define being good at what you do. It's not such an easy thing. IMO the best way we can do such a thing is let markets and trade
10.
by jocaal 4mo ago
The system is too big and complex for there to be a notion such as merit. We are animals and just like all animals we must fight to survive. Some people get lucky, some get unlucky. Merit is irrelevant. And if you try to create a merit base
11.
by jocaal 4mo ago
You cannot however sell only SpaceX shares from your ETF to cover your short's losses. So due to liquidity issues I wouldn't recommend your strategy.
12.
by jocaal 5mo ago
Why though. This is a dead serious question, what is the difference in using financial derivatives and prediction markets. Both are a transaction between parties that is influenced by some other underlying event. Why is it ok for the event
13.
by jocaal 8mo ago
How are radio telescopes and mars rovers in my interest? How would you know what is in my interest? I worked for my money so the person in the best position to judge what is in my interest is me. I am sorry for you if that is such a hard co
14.
by jocaal 8mo ago
What actually happens is, smart people are isolated from the problems of the general population and work towards meaningless goals at the cost of the everyday tax payer doing unglamorous work to earn a living. Decoupling science from the st
15.
by jocaal 9mo ago
Funnily enough, the future of the Chinese economy depends on being able to access their local market. The chinese people save too much and aren't buying their own products
16.
by jocaal 9mo ago
I don't think many equipment makers are Taiwanese. The names I am familiar with are KLA from the US. Tokyo Electron from Japan and ASML from Netherlands. TSMC buys equipment from them and build the fabs. The PRC wants complete vertical
17.
by jocaal 9mo ago
Funnily enough, linear algebra is a good example of how doing doesn't lead to understanding. Just calculating eigenvalues and eigenvectors don't give you the geometric view of what is happening. Also talk to some engineering stude
18.
by jocaal 10mo ago
Power travels near the speed of light. In theory, the entire globe can be connected and countries with daylight can supply those at night in a cycle.
19.
by jocaal 11mo ago
I don't agree. How can wasting your money in your twenties and thirties be more valuable than saving for an early retirement. Imagine being able to retire at 40 and do whatever you want. If you weren't stupid, your health should b
20.
by jocaal 11mo ago
The act of grading itself is what's wrong with colleges. Different people learn at different paces. Forcing everyone to work at the fastest rate and then judging them for not performing is what kills interest in subjects. People should
21.
by jocaal 11mo ago
> I'm a paid subscriber of open AI, but it's really just a matter of convenience. The app is really good, and I find it's really great for double checking some of my math. That right there is why they are valuable. Most pe
22.
by jocaal 1y ago
> let them hire the best of the best The sooner people realize that there is no such thing, the better. People are extremely incompetent in judging competence. With that said, the solution isn't to then just hire the person willing
23.
by jocaal 1y ago
Past a certain point, skill doesn't contribute to the magnitude of success and it becomes all luck. There are plenty of smart people on earth, but there can only be 1 founder of facebook.
24.
by jocaal 1y ago
It's not the tech that matters, it's the amount of users. See snapchat vs instagram.
25.
by jocaal 1y ago
I don't think it is that deep for Trump. His sloppiness is great for the media because his choices lead to endless content. He is great for the unofficial media because everything he does is meme worthy. It is no wonder he and Musk tea
26.
by jocaal 1y ago
Nvidia's market value is pumped due to hype. They can use this value to raise enormous amounts of capital and make investments that boost their earnings. This impresses investors, and the cycle continues.
27.
by jocaal 1y ago
Do you mind sharing how one goes from p/s to expected growth rate? Is it a rule of thumb?
28.
by jocaal 1y ago
Einstein developed relativity from mathematical reasoning. A major influence was the michaelson morley experiment, which was solely done on earth. Relativity was developed in the early 1900's and the first radio telescope was made in t
29.
by jocaal 1y ago
Why do we need radio telescopes. Satellite communications are infinitely more useful for people on earth than some research papers about things light-years away
30.
by jocaal 1y ago
The pie isn't always growing and the pie isn't always static. There are times where either can happen. I think people are just feeling that we are entering a period where the pie will be stagnant for a while. In the short term the

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