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There are plenty of people whp are great at excel but you chose to talk about him. Don't give that guy any more attention. Thats what he wants. Lets all just fo

There are plenty of people whp are great at excel but you chose to talk about him. Don't give that guy any more attention. Thats what he wants. Lets all just forget about him and go on with our lives.

sattoshi 8y ago
It is sad to me how effective the smear campaign against Shkreli was.
- KyeRussell 8y ago
  Really, dude? That made you “sad”?
- mohammedbin 8y ago
  Insurance firms send a clear message- fuck with us and we completely ruin you. And before anybody downvotes me- please inform yourself- not a single person had to pay a penny more than what they had to pay before the price increase, except the insurance firms.
  - brianberns 8y ago
    You realize that insurance companies pass their costs to their customers, right?
    - JetSpiegel 8y ago
      I thought the point of insurance companies was that the customers wouldn't pay the full cost.
      - paulryanrogers 8y ago
        It's passed on in aggregate, spreading the burden. Except now the burden gets heavier for all because some companies find a way to leverage the most vulnerable.
      - jessaustin 8y ago
        So, there is such a thing as a free lunch?
        natalyarostova 8y ago
        The funny thing is you're being glib, but Markowitz literally is quoted as saying diversification is the closest thing there is in finance to a free lunch.
        jessaustin 8y ago
        Diversification? An insurance policy is a wager made with one party on a series of closely related events. There's nothing diverse about it, from the consumer standpoint. Some diversification is possible for the insurance firm itself, although there are limits to that so most firms purchase reinsurance.
        FabHK 8y ago
        Of course it's diversification. Instead of being short your own illness only, you enter a swap where you receive coverage for your own illness (thus being flat on that clump risk), and pay a small floating leg covering (a small proportion of) everyone's illness. You have much smaller variance, but the same expected return (minus administration costs) - just like any diversification.
      - toast0 8y ago
        The point of insurance is that the customers pay the full cost. (And a little extra). It's just that customers share the full cost of all the customers, not their individual costs.
      - lordlimecat 8y ago
        The point of insurance companies is to hedge against financial scenarios that you cannot otherwise plan for. There's no world in which adding a middleman for a regular and ongoing service lowers the overall cost of that service.
  - intended 8y ago
    Customers definitely had to. Here’s vanity fair, with their profile on him. https://www.vanityfair.com/news/2015/12/martin-shkreli-pharmaceuticals-ceo-interview https://www.vanityfair.com/news/2015/12/martin-shkreli-pharm... He went to jail for securities fraud. If he is as smart as he and others say he is, then his culpability is absolute. I can be sympathetic, but not willfully blind to actual fault.
- bsheir74 8y ago
  There was no campaign. Nobody met in a smoke filled room and decided they were going to ruin the guy's life. What actuallu happened was the guy was a douchebag, and people called him out for it. HN is the only place I find people defending that guy. I suspect it's because this forum is full of douchebags who identify with him.
  - girvo 8y ago
    You’ve never seen /r/wallstreetbets then
  - 1000units 8y ago
    Or maybe he is a peer of ours and we actually know something about him beyond ridiculous and disgusting media depictions. Here's a fun question for you as an HN'er: what was the name of Shkreli's pharmaceutical company?
    - intended 8y ago
      Starts with R? Checks... retrophin. Shkreli was one of many finance types who have fully drunk the koolaid. He is not alone, and the others too would be prosecuted if people had the time and awareness to be incensed with the culture. In his defense, shkrelli didn’t know he was a tool. On the one hand singing praises of the free market and on the other taking advantage of every loophole someone could find. I mean the argument that “no body has to pay a dime more.” Is so patently ludicrous for someone who works in finance, that it can only be called disingenuous. The difference between HN and New York is that finance thinks it’s ok. HN was founded by people/culture who saw Wall Street as everything they didn’t want to be. (And now a sad reminder of how money changes perception)
      - deleted 8y ago
        [deleted]
      - TeMPOraL 8y ago
        > Starts with R? Checks... retrophin. No. Starts with T. Turing Pharmaceuticals.

sattoshi 8y ago

It is sad to me how effective the smear campaign against Shkreli was.

KyeRussell 8y ago
Really, dude? That made you “sad”?
mohammedbin 8y ago
Insurance firms send a clear message- fuck with us and we completely ruin you. And before anybody downvotes me- please inform yourself- not a single person had to pay a penny more than what they had to pay before the price increase, except the insurance firms.
- brianberns 8y ago
  You realize that insurance companies pass their costs to their customers, right?
  - JetSpiegel 8y ago
    I thought the point of insurance companies was that the customers wouldn't pay the full cost.
    - paulryanrogers 8y ago
      It's passed on in aggregate, spreading the burden. Except now the burden gets heavier for all because some companies find a way to leverage the most vulnerable.
    - jessaustin 8y ago
      So, there is such a thing as a free lunch?
      - natalyarostova 8y ago
        The funny thing is you're being glib, but Markowitz literally is quoted as saying diversification is the closest thing there is in finance to a free lunch.
        jessaustin 8y ago
        Diversification? An insurance policy is a wager made with one party on a series of closely related events. There's nothing diverse about it, from the consumer standpoint. Some diversification is possible for the insurance firm itself, although there are limits to that so most firms purchase reinsurance.
        FabHK 8y ago
        Of course it's diversification. Instead of being short your own illness only, you enter a swap where you receive coverage for your own illness (thus being flat on that clump risk), and pay a small floating leg covering (a small proportion of) everyone's illness. You have much smaller variance, but the same expected return (minus administration costs) - just like any diversification.
    - toast0 8y ago
      The point of insurance is that the customers pay the full cost. (And a little extra). It's just that customers share the full cost of all the customers, not their individual costs.
    - lordlimecat 8y ago
      The point of insurance companies is to hedge against financial scenarios that you cannot otherwise plan for. There's no world in which adding a middleman for a regular and ongoing service lowers the overall cost of that service.
- intended 8y ago
  Customers definitely had to. Here’s vanity fair, with their profile on him. https://www.vanityfair.com/news/2015/12/martin-shkreli-pharmaceuticals-ceo-interview https://www.vanityfair.com/news/2015/12/martin-shkreli-pharm... He went to jail for securities fraud. If he is as smart as he and others say he is, then his culpability is absolute. I can be sympathetic, but not willfully blind to actual fault.
bsheir74 8y ago
There was no campaign. Nobody met in a smoke filled room and decided they were going to ruin the guy's life. What actuallu happened was the guy was a douchebag, and people called him out for it. HN is the only place I find people defending that guy. I suspect it's because this forum is full of douchebags who identify with him.
- girvo 8y ago
  You’ve never seen /r/wallstreetbets then
- 1000units 8y ago
  Or maybe he is a peer of ours and we actually know something about him beyond ridiculous and disgusting media depictions. Here's a fun question for you as an HN'er: what was the name of Shkreli's pharmaceutical company?
  - intended 8y ago
    Starts with R? Checks... retrophin. Shkreli was one of many finance types who have fully drunk the koolaid. He is not alone, and the others too would be prosecuted if people had the time and awareness to be incensed with the culture. In his defense, shkrelli didn’t know he was a tool. On the one hand singing praises of the free market and on the other taking advantage of every loophole someone could find. I mean the argument that “no body has to pay a dime more.” Is so patently ludicrous for someone who works in finance, that it can only be called disingenuous. The difference between HN and New York is that finance thinks it’s ok. HN was founded by people/culture who saw Wall Street as everything they didn’t want to be. (And now a sad reminder of how money changes perception)
    - deleted 8y ago
      [deleted]
    - TeMPOraL 8y ago
      > Starts with R? Checks... retrophin. No. Starts with T. Turing Pharmaceuticals.