rat_1234

8 ms·

1.
by rat_1234 4y ago
This is my number one argument against HOAs: They are fundamentally un-American. Truly in every sense they are for collectivism over individual rights and it's insane. I live in a neighborhood where if you want to cut down a tree more
2.
by rat_1234 4y ago
Say what you will about whether or not a private company like Paypal should have the ability to do this. What clearly is true based on this example is that if we ever gave this power to the government they would use it and use it in a
3.
by rat_1234 4y ago
There are two games that come to mind that are/were like this: 1) Total War series — it's not FPS per se but there is the idea of managing the macro situation (resources, where armies are, developing cities, etc.) and then when yo
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by rat_1234 5y ago
Keeping your fixed costs meaningfully less than your non-variable compensation (i.e., RSUs) is the root of everything he said here. It's that simple.
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by rat_1234 5y ago
I wonder how many bankruptcies could be avoided if more people just had some basic spreadsheet literacy. Before I bought a house, I built a stupid simple model to understand what my monthly expenses would look like. What you get an apprecia
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by rat_1234 6y ago
I wrote a CLI tool in Python for this exact use case and am currently using it to write a novel. Basically the CLI tool solves a lot of the tedious issues that come up (e.g., combining all of the text files, reordering them, etc.) If you li
7.
by rat_1234 6y ago
This calls to mind a quote from Cormac McCarthy's Blood Meridian: It makes no difference what men think of war, said the judge. War endures. As well ask men what they think of stone. War was always here. Before man was, war w
8.
by rat_1234 7y ago
Well, the thing is that they cap the size of the fund at $10B so it's not really a CAGR per se as the original capital isn't appreciating at that rate. It's just they have $10B invested and then they distribute $6.6B per year
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Dowding System(en.wikipedia.org)
2 points by rat_1234 7y ago|0 comments
10.
by rat_1234 7y ago
Agreed! It's easy to say 'you should be investing that capital into projects.' But I think people don't realize how much money is actually generated by some of these companies. I know AAPL is the strongest possible case
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by rat_1234 8y ago
Oh well sure I do as well. All they have to do is be less expensive than what Uber can deliver enough to get people over any concerns with technology and they're good. My point is really that Waymo is eliminating what is unquestionably
12.
by rat_1234 8y ago
I totally believe it. If you've ever taken a taxi in a market like South Africa, China, or Chile, it's so cheap it's insane. Almost unbelievable. In many cases the cars are more or less the same, the gas costs more or less t
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For Esme, with Love and Squalor (1950) [pdf](mercerislandschools.org)
1 points by rat_1234 8y ago|0 comments
14.
by rat_1234 8y ago
Another good one (though a bit dated now) is Great Plains by Ian Frazier. https://www.amazon.com/Great-Plains-Ian-Frazier/dp/031227850...
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by rat_1234 9y ago
The share of the wealth creation in Silicon Valley that has been captured by property owners is outrageous.
16.
by rat_1234 9y ago
Unlike Ray Dalio, when Bill Gates talks about something like books it never feels like he's trying to impress anyone. It's "here are some books I really like and maybe you would too" versus "I am a genius, if you en
17.
by rat_1234 9y ago
To be fair, no I wasn't working in managerial accounting in the 1980s. Maybe what would help is if you could explain what metric a reasonable manager would measure that would get worse under JIT versus better. I guess maybe if your ass
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by rat_1234 9y ago
"However, accounting systems count inventory as an asset, so and any significant reduction in inventory had a negative impact on the balance sheet...successful JIT efforts tended to make senior managers look bad" This shows a poor
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by rat_1234 9y ago
Fair point! I think a way to look at it is what earnings multiples companies trade at signals to companies how much money they can raise in an IPO or follow on equity issues. For example, if Boeing is trading at 5X EBITDA then it signals to
20.
by rat_1234 9y ago
Ok yes that's definitely a fair point. To be clear I like the idea of the tax code being simpler and rates lower since it unlocks more NPV positive projects by removing an important cost. But I do think that's a different argumen
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by rat_1234 9y ago
I've heard the former but I have never heard the latter unless it's been one of my friends in PE trying to justify it. It's the investor's job to make sure their investments are producing an adequate risk-adjusted retu
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by rat_1234 9y ago
Or correctly price it. Congestion isn't a capacity problem, it's a pricing problem. EDIT: Given the amount of infrastructure we already have that is.
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by rat_1234 10y ago
Your first example is very old school thinking. When a company 'craters' it's not like everyone gets off scott free. All of the people holding the debt, usually big, savvy banks, with the senior tranches of debt have gotten