Lazare

42 ms·

301.
by Lazare 6y ago
Given the number of times people have invented and re-invented JSON + comments, I think it's clear there is a demand for JSON + comments, and that Crockford's view that you can solve everything by asking people to manually strip t
302.
by Lazare 6y ago
The 20% works like this: You create a SPAC with, say, 10 million shares. You sell 8m shares to the public for $10 each, and 2m shares are given (technically, sold, but for some nominal sum like $25k) to you as the sponsor. Now the SPAC is j
303.
by Lazare 6y ago
I've read some detailed discussions from people in the industry explaining how blockchains don't help. And I've read some very high level, breezy assertions from people outside the industry asserting that blockchains can help
304.
by Lazare 6y ago
That is remarkably ugly. (To me, tastes vary, obviously, etc.)
305.
by Lazare 6y ago
FWIW, I would consider myself on the same side of the argument as you. I agree that institutional/systemic sexism and racism are "things", I agree that intersectionality is important, etc. I wouldn't consider myself a SJ
306.
by Lazare 6y ago
I downvoted it for two reasons: First, because no polity implements a pure form of any political or economic system. There is no "capitalist economy", "socialist economy", "social democracy", "democracy&qu
307.
by Lazare 6y ago
Yes, I had no problem reading the reporter's words that way either, which is the exact thing I'm complaining about. :) Bluntly: Which prominent member of the neoreactionary movement was allowed to guest blog at SSC? Because if the
308.
by Lazare 6y ago
Given the rather enormous of time and attention spent on it, not to mention the vast amounts of heated debate it had already spawned, I'd sort of assumed the NYT would either publish a really, really solid article or (more likely) just
309.
by Lazare 6y ago
"Those who fight", in this case, means the military aristocracy. Compare to the three estates of the French Ancien Régime ( https://en.wikipedia.org/wiki/Estates_of_the_realm#Kingdom_o... ). The first estate w
310.
by Lazare 6y ago
Some good info here, if you follow the links and read the footnotes: https://www.bloomberg.com/news/newsletters/2021-01-08/money-...
311.
by Lazare 6y ago
> Whenever you have some instrument attacking Wall Street [...] papers come out trying to protect them. This does not mention drawbacks of the IPO the SPAC is getting rid of - the 6-7% investment banking fee, [...] the near 100% IPO pop
312.
by Lazare 6y ago
A lot of people seem to be wanting to discuss ADHD medication and Adderall in particular. I highly recommend this writeup: https://lorienpsych.com/2020/10/30/adderall/ It covers a few common myths and mi
313.
by Lazare 6y ago
Oh, I agree completely. Individual market participants make tons of mistakes, and absolutely won't be able to evaluate short (or long!) arguments correctly in many cases. That's actually one of the key elements supporting the ef
314.
by Lazare 6y ago
Yes, that's a good observation.
315.
by Lazare 6y ago
Hilariously, the company going bankrupt can be even worse for shorts, since a bankrupt company will stop trading, and if it stops trading, the short position can't be closed. See, eg, https://www.bloomberg.com/opinion
316.
by Lazare 6y ago
Complicated subject. Briefly, if you're familiar with a field, you can (generally) tell if an argument is at least trying to engage with the field, or if it exists in some disconnected parallel universe. This happens a lot more than yo
317.
by Lazare 6y ago
Very, very much a crank site. One pinch fact, two cups of confusion, and generous splash of seething rage. It's interesting in much the way the Timecube site is interesting...and is informative about financial markets in much the same
318.
by Lazare 6y ago
> I still don't understand why these kinds of derivatives are not banned. They're, as you described, basically betting. Imagine I run a chain of hotels in beach resorts. When tourism is up, I make a ton of money; when tourism
319.
by Lazare 6y ago
There's some more info here: https://www.forbes.com/2006/08/25/naked-shorts-global-links-... Global Links was trading around 10c a share with ~350 million shares, for a market cap of around $35 million.
320.
by Lazare 6y ago
I don't have a good general answer; it's complex. But some specific things relevant to this story: Market makers are allowed and expected to run naked shorts in order to ensure liquidity. We want a system where you can just buy or
321.
by Lazare 6y ago
Summary: Every so often, someone gets very steamed about short selling, often with no real reason. Back in 2005, someone got very steamed about short selling, and then got a journalist to write a somewhat confused article about it. It'
322.
by Lazare 6y ago
Stocks have been digitally backed since the late 60s. To quote the inimitable Matt Levine: > Nobody owns stock. What you own is an entitlement to stock held for you by your broker. But your broker doesn't own the stock either. What
323.
by Lazare 6y ago
Odd story. First, the teapot isn't actually famous. It seems to be the second known copy of another, much more famous teapot, but even that teapot would not seem to be the worlds "most famous" by any objective measure, and
324.
by Lazare 6y ago
You have failed to parse what is being said correctly in this case. Imagine: You're clicking around the web, and you find an article posted by a respected food critic and French chef titled "10 food items I detest at McDonalds&quo
325.
by Lazare 6y ago
Yes, I really like that one too. Fun and enjoyable to read, but once I got to the end, I found it quite thought provoking. It hadn't occurred to me before to think about its relevance to Scott himself; there's some interesting iro
326.
by Lazare 6y ago
I would say that all software engineering jobs are about integrating existing projects, although ideally that would be accomplished by building something interesting. Often we draw some artificial line and ignore everything below that.
327.
by Lazare 6y ago
Hard to pigeonhole. Long, sometimes rambling, well written (in my view; opinions vary), generally thoughtful, fairly centrist, often left-of-centre (enough so to deeply annoy certain breeds of conservatives), but with enough libertarian or
328.
by Lazare 6y ago
> No matter how you slice it, I think Amazon is bad for us end-users, and Elastic is good. I don't think that's clear. I (and the team I work with) use AWS, like so many of us do. (And the ones who don't very likely use Az
329.
by Lazare 6y ago
> Pretending not to understand the difference between chanting slogans and actually hanging somebody is silly. Most people who chant performative calls for violence don't normally, build a gallows and then go looking for the target.
330.
by Lazare 6y ago
I agree with almost everything you say except... > a bunch of talking heads on TV and Twitter that told them there was an "insurrection" (nothing of the sort happened of course) It didn't succeed, and in retrospect, it did

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