bagacrap

6 ms·

61.
by bagacrap 7mo ago
To be fair, QQQ is not really an index fund. Unless you think that I can make up whatever arbitrary list of stocks I feel like, and call it an index, and create an ETF that tracks it, and still call that an index fund. Vanguard is probably
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by bagacrap 7mo ago
Vast majority of index funds do not track NASDAQ 100.
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by bagacrap 7mo ago
vti is free float adjusted, so not as susceptible. But: Elon will naturally do everything in his power to pump his stock, as every CEO does, and VTI buys shares in proportion to how successful that is. That is the nature of passive, market
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by bagacrap 7mo ago
What, QQQ or SpaceX? Either way, no, high frequency trading firms are going to beat you to the punch. And shorting elons other company, just because it's over valued by traditional metrics, didn't work out that great for most trad
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by bagacrap 7mo ago
Right, you are trapped if you are holding QQQ in a taxable account and have substantial gains, so you should do nothing with the shares you already have. But no, ceasing to invest in it will not save you. The rebalancing discussed in the ar
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by bagacrap 7mo ago
Bingo. No sane investor holds QQQ because there is no academic theory behind why it should exist. Why is a stock better if it's listed on NASDAQ instead of NYSE? Can any investor answer this question? Doubt it. If you are into factor i
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by bagacrap 7mo ago
Ah, so you have not yet been forced to tell it DO NOT AMEND THE LAST COMMIT
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by bagacrap 7mo ago
That's only loans to non bank financial institutions. Total bank balance sheets are about $25T.
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by bagacrap 7mo ago
This statement would imply there was a time when there wasn't a ruling elite
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by bagacrap 7mo ago
Can't individuals just avoid participating, knowing that there's always someone who knows more than you?
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by bagacrap 7mo ago
Yes, and ironically there are promotion ladders that explicitly call out "staff engineers identify problems before they become an issue". But we all know that in reality no manager-leader is ever going to fix problems eagerly, if
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by bagacrap 7mo ago
I think this is often true and it's the limiting factor that prevents complexity from spiraling out of control. But there's also a certain type of engineer who generates Rube Goldberg code that actually works, not robustly, but we
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by bagacrap 7mo ago
I am the type of engineer who prefers simplicity and I have not found a way to make AI increase the simplicity of code I'm working on. If left to its own devices, Claude absolutely loves adding more member variables, wrapper functions,
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by bagacrap 7mo ago
Actually I have seen successful promotion packets based on elimination of complexity. When maintenance of a complex system becomes such a burden that even a director is aware of it, "eliminating toil" is a staff level skill. More
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by bagacrap 8mo ago
How is diversification unique to crypto? They could have bought us dollars or gold or a lot of other things even before Bitcoin. And the day that Trump decides to make Bitcoin illegal, its worldwide value still plummets. Besides which, cryp
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by bagacrap 8mo ago
I've tried very earnestly to use opus 4.5 to get rid of some backlog tasks that were too tedious to do manually. It turns out that they're still extremely tedious because I have to make every single non trivial decision for the mo
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by bagacrap 8mo ago
US data, total transactions: Visa: $3 trillion, 52% Mastercard: $1.4 trillion, 24% American Express: $1.1 trillion, 19% Discover: 0.3$ trillion, 5%
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by bagacrap 8mo ago
Credit cards alter the power dynamic between customer and merchant, especially in a world where so much commerce is remote. I appreciate protection against fraudulent merchant activity, as well as the ease of use relative to alternatives (w
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by bagacrap 8mo ago
Amex has less than 10% worldwide market share and is a distant 4th behimd unionpay, visa, mc. I don't see the monopoly here. I have to say I was relieved when my Amex card issuer switched to visa because owning an Amex is a pita. I thi
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by bagacrap 8mo ago
Btw, that is what Caesar said to his friend who betrayed him along with all the other senators. I fail to see how accusing chatgpt of betrayal makes sense here, so I'm assuming you have a misunderstanding of the phrase.
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by bagacrap 8mo ago
Well those Uber drivers are usually pretty quick to note that Uber is not their job, just a side hustle. It's too bad I won't know what they think by then since we won't be interacting any more.
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by bagacrap 8mo ago
Agreed it is a waste to spend too much time worrying. It seems dubious to claim that the tax break is a net positive for the country's economy. If art were so economically viable I suspect it would pay for itself and not need governmen
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by bagacrap 8mo ago
I guess it depends on what you mean by coding ability. I used to think one of my super powers was being a faster than average typist who was familiar with vim. Compared to those in my immediate vicinity I could edit files much faster. That
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by bagacrap 8mo ago
Must feel pretty good when rich people get into a bidding war over your product! I have a hobby and I don't get compensated for it (quite the opposite). It's not making art, but if art were my calling I could quite easily see myse
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by bagacrap 8mo ago
How is this keeping artists off the dole anyway? Sounds like keeping them on it.
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by bagacrap 8mo ago
To need to already have a portfolio of work kind of defeats the purpose, no? It kind of proves you didn't need this money to make art. I would have thought the point was to unlock potential artists who hadn't the time to develop t
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by bagacrap 8mo ago
... shouldn't they? Ultimately that comes out of their pockets. Every tax benefit my neighbor gets simply shifts the tax burden more to me. Unless I am someone who doesn't pay taxes I guess. Do you pay taxes?
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by bagacrap 8mo ago
Working a 9-5 to support one's loved ones; an honest day's work; generosity. It's quite easy to connect each of these values to money.
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by bagacrap 8mo ago
Pretty patronizing, but I'll bite. I think we as a society strive to make gp correct that money is representative of value, and rightfully so. Anyone partaking in any activity that has value to others should be given money. That is l
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by bagacrap 8mo ago
The point of the policy is explained very clearly. It's there to help humans learn. The bot cannot learn from completing the task. No matter how politely the bot ignores the policy, it doesn't change the logic of the policy. &quot

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