caminante

7 ms·

91.
by caminante 6mo ago
You know you're not being fair with that take. Clearly, I am aware of the CPPIB's structure even citing the Office of Chief Actuary's report regarding downside scenarios and health scores. [0] [0] https://www.osfi-
92.
by caminante 6mo ago
So renewables didn't cause the blackout per the author, but according to the neutral report [0], solar and wind exacerbated the blackout. As these renewables and grid change to a different configuration/inverter technology, this p
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by caminante 6mo ago
It looks like for the May-June 2020 cuts, the rest of OPEC+ (excluding Russia and Saudi) accounted for 48% of the cuts. [0] While I like the parent's provided information, I feel like the pandemic, fiscal stimulus, and wars were bigger
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by caminante 6mo ago
I saw you say this in another comment. It's still going back to the same assumptions that you're not only timing a depression but also (a) don't have pre-funding (i.e., millions for an individual at the start of the depressio
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by caminante 6mo ago
The cartel can't even self police. These are like climate pledges. > since the 1980s [OPEC] largely failed to achieve its goals [...] > members have cheated on 96% of their commitments. > One large reason for the frequent c
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by caminante 6mo ago
Did you realize that CPP's support isn't full income replacement? It's only 10-20k/year per person. While your metric is common to compare pensions, it's not relevant for debunking ability to survive a recession. 6
97.
by caminante 6mo ago
> Going full index is a great strategy for an individual person aged 20-50, but not a strategy for a pension fund which needs to continuously pay out. It's OK for a person in their 70s that has a few million in the bank. This pers
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by caminante 6mo ago
Well, it could absorb it because its horizon is past the depression. Let's not forget, CPPIB underperformed a passive benchmark during the Great Financial Crisis and lost 18.8% in FY09.
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by caminante 6mo ago
They've underperformed their risk-adjusted benchmarks. > But the CPP fund didn’t just underperform the indexes last year. It has done so, on average, ever since it switched to active management. That’s the admission you find buried
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by caminante 6mo ago
This youtuber appears to be anti-active management. CPPIB is underperforming their own benchmarks and charging substantial active fees. > Where 20 years ago the CPPIB had just 150 employees and total costs of $118-million, it now has mo
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by caminante 6mo ago
Not Canada, but Bank of Japan and the equivalent JP pension fund have juiced the crap out of domestic JP stocks with ETF purchases.
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by caminante 6mo ago
Per the WSJ article last week, I suspect Mercor's playing in a grey area of contracts. It wasn't just voice.[0] A lot of people were basically wiretapping themselves AND their businesses! While a lot of Mercor "contractors&qu
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by caminante 6mo ago
Didn't this happen three weeks ago? Mercor has definitely released statements with boilerplate "investigations are underway."
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by caminante 6mo ago
I was struggling to explain my point (and still am?) To your comment, it ultimately comes down to some tolerance and that's exactly what I struggled with. Nobody cites Murphy's Law when you're in a third world country and the
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by caminante 6mo ago
> Like that when you add more engineering controls, you create new vulnerabilities, and so things will continue to "go wrong". Yes! Thanks for the grace.
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by caminante 6mo ago
Sorry, didn't mean for my comment to come off mean. I can see how it is pedantic or maybe more subjective opinion. Your phrasing is right. I was just doing a quick take on this qualifier: > which is not prevented by a strong engine
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by caminante 6mo ago
Good point. My experience is that everyone thinks their defensive controls are air tight until inevitably they're going through a post-mortem on a failure where someone says, "Whelp...Murphy's Law..."
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by caminante 6mo ago
The parent is also incorrectly re-phrasing Murphy's Law -- "Anything that can go wrong, will go wrong." Actual quote: > “If there are two or more ways to do something, and one of those ways can result in a catastrophe, th
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by caminante 6mo ago
Yes, people are jumping in because neither did the author, and it seems like that's core to the author's argument.
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by caminante 6mo ago
Did you not see the article claim that the grove areas hadn't been hit by storms before/as big as some listed in the last decade? Just not true with their phrasing. edit: for clarity, the author referenced 2017+ vintage hurricanes
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by caminante 6mo ago
As @zdragnar pointed out below, people are talking past each other whether it's claimed in the article v. whether the article is right. It seems many are jumping to biases about climate change without reviewing the data as you did. And
112.
by caminante 6mo ago
You're making the parent's point. These recent storms only got to Cat4. Similar storms hit the aforementioned areas in 2004-05 including Cat4. How do these revelations not contradict the article?
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by caminante 6mo ago
Valuations have skyrocketed and insurance premiums are insane. I love the stories about people in FL self-insuring now because it's cheaper to repair drywall than pay premiums.
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by caminante 6mo ago
OK so the grandparent's comment was clumsy. Now, I see a slate of historical hurricanes in FL from 2004-05 that hit the Ridge area. This contradicts the article as these weren't baby storms. The issue is clearly the rise of this b
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by caminante 6mo ago
With a fixed income, I'm worried he can't afford to upgrade his iPhone every year.
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by caminante 6mo ago
IMHO, it comes down to awareness/probability about the need to future proof or add defensive behavior. The spectrum is [YAGNI ---- DRY] A little less abstract: designing a UX comes to mind. It's one thing to make something workabl
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by caminante 6mo ago
If your point is that obscure topics are raised, couldn't that make you more identifiable if you have digital footprints on the same topic elsewhere? HN also disallows post deletion past a certain period.
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by caminante 6mo ago
It's also futile because you generate a signature that can be traced across aliases, sites, etc.
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by caminante 6mo ago
> Note that there was a major press cycle about this in October / November of last year Fair point. However...the parent's comment is also fair because the article does a poor job of raising this material fact. You have to cl
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by caminante 6mo ago
which start at $3k [0]. [0] https://frame.work/products/desktop-diy-amd-aimax300/configu...

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