bfg_9k

7 ms·

31.
by bfg_9k 1y ago
If you've got 1m to play with, you're making ~ 1m a year pre-tax. If you work at a fund and can scale those returns up on 1Bn, you can make ~1Bn and then clipping even 1% of that is $10m.
32.
by bfg_9k 1y ago
Depends on the HF. They're talking largely about multi-strat or macro firms here. If you're a HF that fills a niche, then size actually works against you as the pool of opportunities available reduces as you get bigger. For a some
33.
by bfg_9k 1y ago
privacyguides.io got turned into a shill website. The original crew that ran things are now on privacy guides https://www.privacyguides.org/en/
34.
by bfg_9k 1y ago
> China will be satisfied with with increasing productivity at the expense of GDP Yeah I don't think that's correct. They've got explicit GDP growth targets which implies they do care about GDP growth. https://w
35.
by bfg_9k 1y ago
The vast majority of countries do not have birth right citizenship, and amongst those that to only about half have it as unrestricted. https://worldpopulationreview.com/country-rankings/countries... I don't exactl
36.
by bfg_9k 1y ago
> 2) Citizens here may be significantly less armed, but the same is true of government officials, and even law enforcement is significantly less armed. It kind of evens out, unless military gets involved, but at that point all bets are o
37.
by bfg_9k 1y ago
You know, I think you'll find people being unlike Mormons is better for the taxpayer. https://iea.org.uk/wp-content/uploads/2017/08/Smoking-and-th... For example, the study above shows that smoker
38.
by bfg_9k 1y ago
Yeah I'm not really understanding what it does above and beyond the existing linking system, besides serializing the notes.
39.
by bfg_9k 1y ago
That's... not how FX swaps work. FX swaps are where Korea fronts up with however many trillion KRW, giving it to the Fed (or whoever else, but the Fed would be the only counterparty that would be able to accommodate that size), the Fed
40.
by bfg_9k 1y ago
They can and its called management consulting
41.
by bfg_9k 1y ago
I mean, same could be said about South Korea. It would instantly drag their GDP per capita down by more than half, and that's not even counting how much money would need to be spent to re-develop NK.
42.
by bfg_9k 1y ago
Yes and no. I've never heard of someone trying to use PayPal to pay someone else, however we do have PayID which is linked to your phone number (I hate it, since you can plug anyone's number into the PayID system and see who owns
43.
by bfg_9k 1y ago
Funny because it made me feel the opposite way! I'll be giving this a spin.
44.
by bfg_9k 1y ago
Pretty much anywhere in Australia that isn't a big chain
45.
by bfg_9k 1y ago
People still have agency. It's like when you were a kid and your mother asked you - "would you jump off a cliff too?"
46.
by bfg_9k 1y ago
I don't get it. Asking questions is never a hostile thing, regardless of the context. Honest or not, questions are simply.. that. Questions. If someone is able to find a way to take offence from a question being asked, that's path
47.
by bfg_9k 1y ago
I think you'll find if you spend a quick second googling, that Pharma is by and large the biggest spenders of money on R&D out of every major industry as a % of revenue. https://www.strategy-business.com/feature&#x2
48.
by bfg_9k 1y ago
You know I hear this all the time but it never quite makes sense to me. REA is inherently a better asset class than the vast majority of assets, simply because you can leverage up without a risk of being stopped out. Doing the numbers on (m
49.
by bfg_9k 1y ago
So then block google/YT and call it a day? It's absolutely not Google's problem. This isn't a "real life" thing - it's not like there's a strip club with open windows next door to your house for your
50.
by bfg_9k 1y ago
What an absolute clown show - the EU fines Google and Apple for being monopolistic and abusing market power and then proceed to implement apps like these that can only be used on American operating systems. Seriously you can't make thi
51.
by bfg_9k 1y ago
They're Australian. So no.. not really. There's no freedom of speech in Australia.
52.
by bfg_9k 1y ago
What aggravates me the most about stories like yours is that banks are effectively public utilities. They are regulated as such, are broadly considered too big to fail (especially in Canada - believe it or not at a domestic scale, their b
53.
by bfg_9k 1y ago
Known dine-and-dasher - no, I think you should be forced to serve them. You don't know if they're going to dine and dash you, you're not the police or the courts, punishing a dine and dasher. Your job is to serve food to thos
54.
by bfg_9k 1y ago
You're right - but in that instance the justification in my mind (and what you'd presumably argue if challenged legally) is that they're difficult to work with - which I'm okay with. But not wanting to concrete that pers
55.
by bfg_9k 1y ago
Absolutely. But on the flip side I can also recognise that frankly, governments are terrible at running things. I think a Singapore style model is best - a giant holding company like Temasek that is wholly government funded and owned, but c
56.
by bfg_9k 1y ago
100% agreed and I think many people are missing the forest from the trees on this issue. This stuff always starts off with "think of the children" and then evolves into something else entirely. How about when we have a game spewin
57.
by bfg_9k 1y ago
I think you'll find that's already the case. MC/VISA would have an implicit underwriting by the US govt should they ever be in extreme strife. We've already seen this happen before, the UK govt bailed out RBS, largely be
58.
by bfg_9k 1y ago
It's an interesting one - I've always thought that businesses should have no right to refuse business, and it kind of already exists, for example you can't refuse to serve a customer purely on the basis of their skin color. L
59.
by bfg_9k 1y ago
Are you genuinely trying to defend businesses unnecessarily tracking users online? Why can't businesses sell their core product(s) and you know... not track users? If they did that, then they wouldn't need to implement a cookie ba
60.
by bfg_9k 1y ago
What the poster you're replying to is talking about is called fractional reserve banking. That's how they "create" money.

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