bagacrap

5 ms·

31.
by bagacrap 2mo ago
https://www.cnbc.com/2026/07/31/why-leopold-aschenbrenner-si... Nebius, SanDisk, sharonai, etc Rout is relative as they are still up big yoy. The problem is that he saw them triple in value and THEN added mor
32.
by bagacrap 2mo ago
I mean that's always the case... we all know that stocks in general are going to be up 30 years from now. But we don't all leverage up 400%.
33.
by bagacrap 2mo ago
Well micron is up 165% on the year so he could have just bought a single stock and done a lot better. The point being that you wouldn't consider someone a genius if they did that, just lucky. Not sure why anyone thought he was a brilli
34.
by bagacrap 6mo ago
pe ratio under 10 in 2013 to ~40 in 2024. You can't deny the multiple expansion.
35.
by bagacrap 7mo ago
The graphical aids in practical engineering videos are quite well done, especially when he creates scale models in the garage. You are missing out if you only read it, if you can afford to spend the time watching.
36.
by bagacrap 7mo ago
Does it bother anyone else when people use their teeth to scrape food off a metal utensil (rather than lips, or teeth to food)? I wish English had a specific word for that affront.
37.
by bagacrap 7mo ago
Kinda sad for me to know this because one of my favorite things about chopsticks is their precision. I can pick exactly the piece of food I feel like eating in the next moment. This makes it sound like I'm not supposed to be picky.
38.
by bagacrap 7mo ago
I don't know how that's a response to what I wrote. I'm not saying that an ETF is more tax efficient, although it is more tax efficient than a mutual fund. If you are worried about the tax drag of dividends then there are ETF
39.
by bagacrap 7mo ago
And if you went with that maximalist definition of an index, then the word would have no useful meaning. If the inclusion criteria is completely arbitrary and capricious (i.e. whatever cathie woods decides she likes that week), then it&#x27
40.
by bagacrap 7mo ago
Computer science is embarrassed by the computer.
41.
by bagacrap 7mo ago
I have witnessed people arguing with their own lawyers by pasting LLM generated output. That said, lawyers do love to argue so maybe it's fun for them.
42.
by bagacrap 7mo ago
If you honestly think that the em dashes are the problem, I'm sure you could tell chat to scrub those for you.
43.
by bagacrap 7mo ago
Also that journalists are paid for their work, often by someone with political interests, so they are already subject to pressure to modify their reporting. Hopefully not usually threats of violence though!
44.
by bagacrap 7mo ago
Commodities futures markets have an actual purpose, which is to make business inputs (or outputs) more predictable. Like if I know I need ten tons of corn next year, it's safer to buy futures now than to wait and see how the price of c
45.
by bagacrap 7mo ago
Wall Street is doing price discovery which benefits index investors. They're also lending (e.g. private credit) which benefits economic activity. Robin Hood options trading is just lighting money on fire under the guise of "invest
46.
by bagacrap 7mo ago
Technically you can't bet on the demise of a person, at least in the US, as participants recently discovered when the previous supreme leader of Iran was killed and their "leadership change" bet did not pay out.
47.
by bagacrap 7mo ago
Or y'know, ban this betting activity to begin with.
48.
by bagacrap 7mo ago
Who needs a bribe when they can participate in the market directly?
49.
by bagacrap 7mo ago
Thank you for proving my points.
50.
by bagacrap 7mo ago
And I'm sure there will be an inverse SpaceX ETF too. This still crosses the Rubicon from "investor" to "trader".
51.
by bagacrap 7mo ago
Index investing is a great choice for a long term investor who cares about simplicity, which should be the vast majority of them. Actually the best thing about holding individual stocks is probably the increased opportunities for TLH, but t
52.
by bagacrap 7mo ago
SPY is somewhat concentrated in mag7 (or the other 93 stocks in QQQ), but only a small percent of mag 7 are owned via QQQ, which has 400B aum. (Mag 7 is 19T.) The bottom line is all this fuckery is a tiny blip for most investors. It's
53.
by bagacrap 7mo ago
Then what does "index" even mean? Is Cathy Woods an index?
54.
by bagacrap 7mo ago
Context dependent I suppose. But usually they just abandon their argument. (I have never seen this tactic used when the argument had any merit to begin with, nor by someone senior to me.)
55.
by bagacrap 7mo ago
Yeah it's tough. I tend to take the path of just responding with one line to their wall of text. What are they going to do, send a second wall of text?
56.
by bagacrap 7mo ago
Oh how I wish I could curate my coworkers...
57.
by bagacrap 7mo ago
What pension plan invests in QQQ specifically? And "pension" in the US usually implies defined-benefits, meaning you don't actually care what it invests in. If you're talking about defined-contribution retirement plans l
58.
by bagacrap 7mo ago
You are fine because you don't hold QQQ.
59.
by bagacrap 7mo ago
The top 3 most popular index fund ETFs track S&P500, which doesn't really pull this kind of shenanigan. Only QQQ tracks the NASDAQ 100 and it's in 5th place by assets under management. You should probably read a book about ind
60.
by bagacrap 7mo ago
Shorting is really not that straightforward. It is a avery advanced topic because it mandates the use of leverage. Many (most) investors are long-only, especially the ones being taken advantage of here.

More ›