brenden2

21 ms·

151.
by brenden2 6y ago
This is correct.
152.
by brenden2 6y ago
I agree with you, and I hope you're right. The never ending growth and consumerism just for the sake of making the numbers go up isn't sustainable.
153.
by brenden2 6y ago
The truth is that egomaniacs tend to be the ones who get all the fame and glory. Just look at Musk, Trump, and anyone else who's managed to acquire a massive cult following.
154.
by brenden2 6y ago
I think there's a big reckoning coming. Big companies will do fine, in fact they'll probably just get bigger and richer. Anyone who's already poor, close to broke, or otherwise in a bad position is going to get hit hard by th
155.
by brenden2 6y ago
Yeah :) It was a weird feeling when it was finally over, I wasn't sure what to do for a while.
156.
by brenden2 6y ago
I had been doing a lot of long distance cycling at the time. Most weeks I'd average between 300 and 500km a week. Deciding to ride cross country was pretty spontaneous, I only had a few days to plan in advance.
157.
by brenden2 6y ago
Looking for meaningful work, preferably at a small startup in NYC but I'm open to all kinds of opportunities. Location: NYC (New York City), NY Remote: Yes Willing to relocate: Depends on the location, do have triple citizenship (CA, U
158.
by brenden2 6y ago
I've ridden them, they're not bad, but it's better to have your own.
159.
by brenden2 6y ago
I'd agree that qualifies as a conspiracy theory.
160.
by brenden2 6y ago
Dalio is a really good salesman though, have to give him credit.
161.
by brenden2 6y ago
The way it's worded is very confusing to me. Kind of seems like they're trying to hide the fact that they underperform. I imagine once they take out their performance fees (usually 2% per year plus 20% when they exceed the benchm
162.
by brenden2 6y ago
Yes this is right. They buy puts and keep rolling them forward indefinitely waiting for things to go awry. The premiums on the puts eat into their overall returns in the hopes that one day there will be an event that makes back all those lo
163.
by brenden2 6y ago
They're conveniently not reporting their overall returns which would include all the underperformance from the cost of hedging through a 10 year bull market. There's also no mention of the fees and how much they eat into the retur
164.
by brenden2 6y ago
Another take: all these things (shutdowns, contact tracing, social distancing) are measures to give people a sense of security, and make them feel as if the PIC are doing something useful. At the end of the day, the virus will do what the v
165.
by brenden2 6y ago
What's the point? There are no rewards for doing good just for the sake of doing good. Hopium is a great way to get people to do your bidding, but why should people work hard for nothing while someone else gets rich?
166.
by brenden2 6y ago
I do think it'll happen eventually, but there are 2 big things that probably need to happen before we can get there: 1) widespread adoption of nuclear power 2) significant battery improvements
167.
by brenden2 6y ago
Raw material extraction, smelting, refining, shipping and so on all depend on fossil fuels (I haven't heard of any electric ships yet). Batteries in particular are known for having a significant carbon footprint[0], though to Elon&#x27
168.
by brenden2 6y ago
Where do you think all the plastic, batteries, and energy required to run the manufacturing process for those EVs comes from? I'll give you a hint: it's not renewables.
169.
by brenden2 6y ago
https://github.com/brndnmtthws/brndn-io
170.
by brenden2 6y ago
I grew up in Alberta and I've been hearing this story as long as I can remember (and I'm old now). While the oil industry is definitely in decline, consumers aren't going to give up on all the luxuries that fossil fuels provi
171.
by brenden2 6y ago
I've got a blog nobody reads that I host with Netlify. It's just a simple Hugo-based static site.
172.
by brenden2 6y ago
This is how all of SV works, and has always been. Pump up company valuations with hype, then eventually they dump it all on institutional and retail investors. In some cases the companies actually work out so they might hang on to their sto
173.
by brenden2 6y ago
Bonds and stocks move differently. The market has already re-priced the stocks of these companies to account for the risk of default on their debts. The US government has also signaled that they will bail out these debts, so the companies t
174.
by brenden2 6y ago
There's a mistaken belief on WSB and elsewhere that bad news should make stocks go down. Stocks go up when the market thinks they'll be more valuable in the future, that's all there is to it. The cash will flow into the asset
175.
by brenden2 6y ago
Good news for stocks, it means the Fed will keep printing trillions of dollars.
176.
by brenden2 6y ago
Sounds like rosy retrospection[0] to me. [0]: https://en.wikipedia.org/wiki/Rosy_retrospection
177.
by brenden2 6y ago
Tangentially related: I rode cross country (on a bike) from SF to NYC, and on the last day when I arrived in Manhattan (around 3 or 4am, I think) I decided to write LOL in SoHo with the GPS. If you happen to have a Strava account (I don&#x2
178.
by brenden2 6y ago
It seems like there are two possible outcomes: 1. We realize that the shutdown had a small effect, because a) the virus is already widespread due to easy transmission and b) the mortality rate is much lower than previously thought. Thus, we
179.
by brenden2 6y ago
We live in a world where there are huge rewards for anyone with the right connections. Banks provide very little value, they are basically a glorified SQL database at this point. They're not taking any risk, they're not really cre
180.
by brenden2 7y ago
Some people have unlimited wants. I just want to do interesting work, work with interesting people, and take walks with my dog. I'm pretty basic, I don't enjoy or have any interest in fancy automobiles, big houses, vacations, ai

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