DavidHm

12 ms·

91.
by DavidHm 11y ago
Why would you exclude them? Survivorship bias is something that needs to be eliminated, not baked in.
92.
by DavidHm 11y ago
It's been a while since a stray comment on the internet has made me reconsider so many things that I was previously convinced of. Thanks for this.
93.
by DavidHm 11y ago
Around 2010 I was speaking with a Turkish friend. I expressed my admiration towards the fact that the Turkish military has multiple times intervened to stop the country from becoming religiously-governed. She (while not being religious) did
94.
by DavidHm 11y ago
Most active investment strategies are not scalable - true. But the real issue is that there is no convincing proof that active managers can reliably out-perform passive investment strategies over long term.
95.
by DavidHm 11y ago
Canada and Russia are mostly empty. Canada will be fine, they have a long history of cooperating with the US. Now, Russia on the other hand...with China right next to it? I smell trouble ahead.
96.
by DavidHm 11y ago
I also used to be amazed at the amount of stuff our Bloomberg rep had crammed in his head.
97.
by DavidHm 11y ago
Probably some mathlab, but it really depends on the course/ university. For example in Europe many courses focus on pure theory.
98.
by DavidHm 11y ago
His prize was for research on international trade and globalization. This is a very very narrow field, which is dwarfed by the reach of macro economics. In short, his credibility about macro, especially in regards to the effects of debts an
99.
by DavidHm 11y ago
They don't have to increase prices. They just need to reduce CAPEX (stop reinvesting the money). Their operating margins are healthy.
100.
by DavidHm 11y ago
Financial analysts have been harping at Bezos for the need to make profits or see his valuation tumble since 1998-1999, when he invested an obscene amount of money in expanding his infrastructure. That's more than 15 years. So far he h
101.
by DavidHm 11y ago
Not necessarily. Amazon aspires to have 100% of market share where it competes, or very close to. Other companies don't aspire to even 50% of market share. See Apple for example. They are happy to have the premium segment locked in and
102.
by DavidHm 11y ago
I agree with you. Joining a company that has a clear revenue model (or has found a decent way to monetize their user base) and is growing by leaps and bounds seems like an easy bet. But how many of these companies are out there? Granted, we
103.
by DavidHm 11y ago
I am going to assume that the sarcasm refers to the absurd arrogance in implying that only and all product managers in silicon valley, california, usa are good. Overall, I really like the idea, but the language of the site and of the people
104.
by DavidHm 11y ago
And therein lies the problem. It is in the VC's interest to push more and more people to take risky bets - this gives them more horses to bet on, while managing the risk through diversification. For the individual horse (or er, enginee