_qulr

97 ms·

871.
by _qulr 6y ago
> Asset managers at pension funds need to make some target returns on their part of the portfolio (say 5% on high-yield corporate bonds). They're just mundane desk jobs, buying and selling contracts on computer screens. This may be
872.
by _qulr 6y ago
That is true. But I'd say it's better for the funds to be honest with the participants than to try to pretend everything is fine and paper over lower returns with higher risk, because ultimately it won't be fine. Over-leverag
873.
by _qulr 6y ago
Pension funds spend $trillions on investments. They have a lot of power to incentivize corporate behavior, in either a responsible or irresponsible direction. It seems to me that pension funds have been enablers of irresponsible corporate d
874.
by _qulr 6y ago
Junk bonds are hardly the only form of investment, and certainly not the safest, if your goal is to ensure someone's retirement. Moreover, corporate debt is at high risk of mass default in a market downturn such as the current one.
875.
by _qulr 6y ago
"Pension funds and insurance companies bought the debt in bulk" Is it fair to say that pension funds are largely to blame for this? Corporations can't acquire debt if nobody offers them money. Insurance companies too, of cour
876.
by _qulr 6y ago
If we're "wise" enough to constrain our currency to gold, then we're also wise enough not to manipulate our currency in self-defeating ways. But if we're not wise enough, nothing can save us. Some lumps of gold won&
877.
by _qulr 6y ago
Let's talk about Tesla, which is basically the topic of the article. Tesla has never paid a dividend, and is unlikely to pay a dividend any time in the foreseeable future, correct? So the entire value of TSLA now is speculation on the
878.
by _qulr 6y ago
Also, the housing market — whether or not a house will appreciate in value — depends a lot on location, but a lot of people lack flexibility in where they can live, because of job, family, etc. You can't pick a house the same way you p
879.
by _qulr 6y ago
People were always like that, yes. In fact sites like Twitter exploit our worst human instincts. The point of the article is that the way in which we organize people into communities makes a big difference as to whether the outcome is large
880.
by _qulr 6y ago
I'm not saying resale value is irrelevant. I said the primary value of a house is as a place to live. Whereas the entire value of stock is the monetary return. There's no material value to stock. Stock is not comparable to materia
881.
by _qulr 6y ago
It is different in principle, because when you buy a private business, you become the CEO, and you bank the revenue from the business. Neither of those are true when you buy stock in a publicly traded corporation. You may or may not get som
882.
by _qulr 6y ago
A loan has a fixed time period, and usually a fixed interest rate too. The monetary value is straightforward. Of course there's a risk you won't get paid back by the debtor, as there's risk in all business. But the monetary v
883.
by _qulr 6y ago
This is not true at all, because you live in the house. The primary value of a house is as a place to live. In fact, some people never sell their house, and live there until they die.
884.
by _qulr 6y ago
The stock market is such a bizarre scheme. The current stock price is a bet on the future stock price. But the future stock price will also be a bet on the farther future stock price. The price is only ever tenuously attached to current rea
885.
by _qulr 6y ago
Managers are the wealthy. Corporate governance is a joke, and shareholders are only nominally the "owners" of companies. They're not making the day-to-day decisions and have only very coarse influence over how corporations
886.
by _qulr 6y ago
Of course it was designed. The wealthy pay an obscene amount of money on lobbying and political campaign donations, at every level of government from top to bottom. They don't do it out of charity, they expect a nice return on that inv
887.
CVE-2020-9771 – mount_apfs TCC bypass and privilege escalation(theevilbit.github.io)
4 points by _qulr 6y ago|0 comments
888.
by _qulr 6y ago
Admin privileges are not involved in any way.
889.
by _qulr 6y ago
It's strange that the people who disagree with my "security theater" comment don't seem to be alarmed about the bug I disclosed, which is a very serious one if you really do believe that macOS privacy protections are imp
890.
by _qulr 6y ago
This is not a useful analogy. You won't die or be horribly disfigured sitting at your keyboard. The tradeoffs of driving a car vs using a Mac are very different. They're not comparable.
891.
by _qulr 6y ago
Apple doesn't pay a bounty until after they release a fix. So if Apple decided to de-prioritize a bug, you never get paid. But Apple doesn't tell if you they've de-prioritized a bug, they just want you to remain silent foreve
892.
by _qulr 6y ago
I'm not even claiming the vulnerability is serious. But when there's a bug bounty involved, the question is whether the vendor is ever going to pay, or the vendor is just leading the bug reporter on to keep it quiet for as long as
893.
by _qulr 6y ago
Yeah, I don't think these "door lock" analogies are helpful for either side of the argument. The situation with a computer operating system is not analogous.
894.
by _qulr 6y ago
It was honestly more of an expression of frustration in the article than an argument. I'm pessimistic that I can do anything to stop the iOS-ification of the Mac.
895.
by _qulr 6y ago
But imagine if you only locked your front door and left your back door completely unlocked all the time. The front door lock would stop honest visitors from entering your home, but they probably didn't need to be stopped anyway, becaus
896.
by _qulr 6y ago
You can guarantee that the system apps haven't been tampered with, at their system file paths, because of System Integrity Protection. But all bets are off if you make a copy of a system app elsewhere on the disk.
897.
by _qulr 6y ago
It does check the code signature. However, it's not a "deep check". The problem with doing a deep check, including all of the apps Resources, is that this can be very resource intensive, depending on the app. It's the re
898.
by _qulr 6y ago
It's interesting that you chose to omit "over and over again" from the end of the quote. I would also mention to this: > There are two fundamental flaws in TCC that make this exploit possible We know that TCC is a major bu
899.
by _qulr 6y ago
It's disappointing that they dumped Network Utility on macOS 11. That app is in my Dock!
900.
by _qulr 6y ago
No Mac apps.

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