FredPret

10 ms·

121.
by FredPret 1y ago
They've been a marginal concern for years now, though there still seems to be plenty of revenue to work with: http://valustox.com/KODK
122.
by FredPret 1y ago
I don't know how this is even a talking point. The top 5% of taxpayers in the USA pay 61% of the taxes. The top 1% pay 30-40% of all the taxes and have done so for decades. https://usafacts.org/articles/who-pays-th
123.
by FredPret 1y ago
I agree with your points. It's ridiculous to suggest Americans don't have freedom of movement. The US economy is actually roughly double that of the EU. But European countries are much more different from one another than the Stat
124.
by FredPret 1y ago
Layoffs are generally good for stock prices, at least in the very short term
125.
by FredPret 1y ago
I've seen it mentioned in the context of smaller countries competing with the big guys using industrial policy, and one example mentioned in that article (I don't have a link - it was long ago) they specifically mention Sweden and
126.
by FredPret 1y ago
There are many sewer and storm outlets just like this all around the world already
127.
by FredPret 1y ago
I'm also super curious what one might get up to with that many print heads, so maybe there's two posts in there!
128.
by FredPret 1y ago
Like the Unix philosophy, but for businesses. Come to think of it, this might be great advice for life in general: do one thing very well, and be modular (aka play well with others)
129.
by FredPret 1y ago
This is incredible - you should write a blog about it. I want to see what that printout looks like!
130.
by FredPret 1y ago
I went through exactly the same steps as you, and I think where people get hung up/disagree with you is on the "it doesn't affect me" step, and of course there's a small minority that's just assholes.
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by FredPret 1y ago
My current theory is that one leads to the other but we’ll see how that works out for our friend in Guangzhou. My point is centralization doesn’t work, so maybe social authoritarianism has deleterious cultural effects that will show up gene
132.
by FredPret 1y ago
China only started doing great when they relaxed their ultra-centralized economic rules a little bit in the 1990s. Read business books and news from the 80's - 90's, and they almost never mention China - it's all Germany, UK,
133.
by FredPret 1y ago
The modern-day Malthus, except so much worse, because he had the example of Malthus but chose to ignore the lesson there
134.
by FredPret 1y ago
If you have access to the sea and to uranium you can make all the freshwater you need, even recycle your own wastewater nearly infinitely. This is a technological and economic problem, not an overpopulation problem.
135.
by FredPret 1y ago
I’m far from a commercial RE expert, but I know they do tend to have very long leases. That would make it less responsive to sudden changes like 2020 and the subsequent changes
136.
by FredPret 1y ago
These numbers are always given on a "real" basis, accounting for inflation. Inflation is hard to measure because products get better and houses get bigger over time. But by every measure I've ever seen, purchasing power per h
137.
by FredPret 1y ago
The real problem is a social contract that was sold to people long ago without any secure funding source. Now those social services (free healthcare, retirement benefits) are baked into entire populations' expectations and life plannin
138.
by FredPret 1y ago
In what way does inequality break society? I’ve frequently heard this article of faith bandied about. But if the rich get 10X richer, and the poor get 2X richer, then everybody is better off. The stagnant, ultraconservative, ultracentralize
139.
by FredPret 1y ago
Or, and hear me out here, we cut state spending to sustainable levels so the government doesn’t have to regard us as walking dollar signs
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by FredPret 1y ago
To play devil's advocate: - science funding is controlled by the state (and thus politics) in many leading countries, especially China. Doesn't seem to hold them back - the US pays people vastly more than other countries, and will
141.
by FredPret 1y ago
All companies are not one giant entity. Even when they illegally collude, they're holding onto their knives and keeping a keen eye on one another's backs. Of course any company would take this deal and make a boatload of money (th
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by FredPret 1y ago
In business, you pay for those contributions. Milton Friedman describes how a pencil is made with the self-coordinated efforts of millions of people around the globe: https://www.youtube.com/watch?v=67tHtpac5ws
143.
by FredPret 1y ago
Great phrase - fractal improvement. It's kind of the idea of this book [0] Even more cool: commercial progress trails tech. It takes a long time for companies to figure out how to turn a new idea or a cheaper input into a new product&#
144.
by FredPret 1y ago
What I mean is 15k/year is not enough to live in Toronto, unless you live with your parents who then also feed you and you never go out
145.
by FredPret 1y ago
The real estate market got borked by the fact that municipal authorities answer to incumbent owners, who ~universally acted to limit new building. This breaks the mechanism by which some speculators go out of business. If you can build an
146.
by FredPret 1y ago
> could have built [something] on In order to build a home / restaurant / storefront on that land, you first have to buy it. Buy it from whom? Ban speculators, and now you have to buy that land from the original owner, who is o
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by FredPret 1y ago
Very cool! Will check it out - thanks!
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by FredPret 1y ago
You'd also have to account for the covariances among all 500 stocks, as well as many subgroups. Almost impossible to do properly given the contact area between even one of these 500 organizations and a universe full of random events, n
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by FredPret 1y ago
Thanks for this link. I've never heard of Eigen Steve but his channel looks amazing, which is to be expected from a name like Eigen Steve.
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by FredPret 1y ago
There's tons of good speculation. Speculators are not buying and selling land, or corn futures, or what have you. They're trading risk. Sell to a speculator and you turn an uncertain future into cash right now. Buy from a speculat

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