clavalle

42 ms·

361.
by clavalle 10y ago
Let's take the example analog of poker. There are good poker players. They win more than they lose over relatively large time frames. That is not talent. That is skill. It is a skill that can be learned. A large part of the skill
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by clavalle 10y ago
>Nothing. Trading is one of the most open, meritocratic and low barrier to entry fields out there. Just google how easy it is to get a Robin Hood or Interactive Brokers account [1]. In terms of barrier to entry, it's far lower than
363.
by clavalle 10y ago
>Now, suppose you want to take a nurse making $40k/year and bring her up to the trader's level. Suppose I give you $500k. Do you think you can do it? Concretely speaking, and without handwaving, what would you spend the money o
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by clavalle 10y ago
Can income be considered a type of profit in this context? I'm not an expert, but at first blush the term 'implicit costs' seems to be so much handwaving. I'm sure there is something concrete there somewhere but to just
365.
by clavalle 10y ago
The only think I'm confused about is what 'long term' means. Seems like this has been trending since at least the 80's. How long does/should the wave of large profits last until we recognize it as a symptom of a pro
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by clavalle 10y ago
"In addition to wages, the census includes dividends, rental income and cash benefits (like Temporary Assistance for Needy Families and unemployment benefits). But it excludes noncash benefits like food stamps (which benefit the poor)
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by clavalle 10y ago
http://www.forbes.com/sites/joelkotkin/2016/08/11/welcome-to... It is summed up in the last line: "Of the 70 large metro areas we studied, only three have lost financial jobs since 2010."
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by clavalle 10y ago
New York isn't the New York of finance anymore. Firms are scrambling to get their presence all over the world because the opportunities are no longer converging on Wall Street as they once did.
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by clavalle 10y ago
The poor may commit 4x the /reported/ domestic violence. Wealthier people have more to lose. I don't doubt that there is somewhat more domestic violence among the poor but I'd be willing to bet that if you take a wealt
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by clavalle 10y ago
Domestic abuse is not limited to the poor. But, back to the point, assuming they are not as rational as the rest of us, somehow sub human, is a harmful position to take -- it precludes any positive action to change the incentive structure o
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by clavalle 10y ago
So it is your sincere belief that most poor people are 'broken' in the sense that they can't even make rational decisions where 'rational' means 'likely to improve one's life'?
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by clavalle 10y ago
A reasonable expectation is something that should be provided by others in a society to those that need them and is the glue that holds that society together. I wish more people had a better understanding of this. Edit: for example, if so
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by clavalle 10y ago
So, the free market where it fits your narrative of the evils of intervention and real markets where your free market narrative breaks down. If you follow your last real market argument a little further, you'll find my positions.
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by clavalle 10y ago
I wonder if this will mean an influx of capital in the Austin/SA area.
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by clavalle 10y ago
>But only government interference can lock the market in that state in perpetuity, eliminating the corrective forces of price and competition. Again a very strong statement with only faith that government is bad to back it up. Market po
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by clavalle 10y ago
Me neither, not completely anyway. But there are dozens of things I think might help. -Make medical debt non-dischargeable if you incur it without insurance. (Encourage everyone to make an accurate accounting of the risk they are putting
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by clavalle 10y ago
'Right' is probably too strong a word. Does a person have the 'Right' to be rescued from a car accident that would surely kill them without help when it is in other people's power to do so? No. BUT at some point I
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by clavalle 10y ago
>The free market ruthlessly punishes businesses that do not meet consumer demands. True. But only as ruthlessly as the market approaches the free market ideal (readily available and accurate information on products, other users, choice
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by clavalle 10y ago
The problem is how does the free market test these kinds of things when there is every incentive to cut corners? We're not talking about toasters. How many people have to die before the market reacts? How much research into individu
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by clavalle 10y ago
Even if previous designs are followed, there are questions of materials and construction that need a significant amount of testing.
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by clavalle 10y ago
So, what is the market solution? All I see is a restatement of the problem.
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by clavalle 10y ago
The government has created a moat for the current pen through regulation, particularly the extensive testing needed to bring it to market as a medical device whom people's lives depend on it delivering the right dosage with a low failu
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by clavalle 10y ago
There was a fantastic Make Magazine Electronics book bundle about a month ago.
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by clavalle 10y ago
The 'Write Great Code' series is worth the price of admission by itself. I think a lot of folks who want to really know what they are doing that weren't fortunate enough to grow their skills in a time that forced you to under
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by clavalle 10y ago
How much competition was in Chattanooga before EPB?
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by clavalle 10y ago
Right. Maybe that's a bad example because that does represent the will of the churchgoing populous, though. I can come up with a plausible explanation for that since it does seem to serve the will of a lot of people who also happen to
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by clavalle 10y ago
Fair enough. I wasn't suggesting it was relevant to the decision. Just, considering the democratic ideal of the government serving the people, I struggle to come up with a plausible justification that the states might give for denying
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by clavalle 10y ago
What justification do the states give for forbidding municipal broadband?
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by clavalle 10y ago
Fifty years? I think 10 is more than enough. Maybe 15.
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by clavalle 10y ago
You don't have to dig in history to dispute it, desperation and exploitation are current features of our Capitalist system. BUT I think that is more historical accident rather than a necessary consequence of the system. I think we hav

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