cujic9

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31.
by cujic9 7y ago
Salesforce currently has a P/E ratio of 104. The headline might as well read "Salesforce is buying Tableau for $15.7B in Monopoly money." This deal makes a lot of sense for Salesforce. They should be (and are) on an acquisiti
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by cujic9 9y ago
For anybody curious, I did a quick search and came up with these: https://news.ycombinator.com/item?id=14941564 https://news.ycombinator.com/item?id=10567261 https://news.ycombinator.com/ite
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by cujic9 9y ago
This (maybe) addresses the technical side of the problem while ignoring the economic side of the problem: you can't have a discussion about changing the blockchain without discussing block rewards and transaction fees. Does each branch
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by cujic9 9y ago
The 19th century is especially interesting because it's one of the few points in history where it benefited the rich to grant purchasing power to the non-rich. In other words, the industrial revolution can't happen unless there is
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by cujic9 9y ago
And the underwriters, and the early shareholders who grabbed a little chunk of that 30% on the way up.
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by cujic9 9y ago
Because the market would have supported a higher price.
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by cujic9 9y ago
The Economist. I like to keep tabs on what the Rothschilds are thinking. ( https://en.wikipedia.org/wiki/The_Economist )
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by cujic9 9y ago
Nothing that I'd share with social media, friends, or family. Bottle up and explode, that's my motto.
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by cujic9 9y ago
Pricing is hard, but yes, I think they did price this one a little too low. That said, the goal is for shares to have a nice upward pop when they hit the open market. This helps encourage a broader based of shareholders, protecting against
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by cujic9 9y ago
QZ got really creative with that headline. The article is primarily about new fintech companies forcing big banks to re-invent themselves. Bitcoin only comes up in the last question, and Mr. Jenkins responds with a carefully hedged answer.
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by cujic9 9y ago
Back up to ~$5,600. But if you don't like the price, just wait a minute.
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by cujic9 9y ago
This comes down to VC firms saving face. Early investors look less foolish with each additional round. If you were one of the VC firms in Round A ($50M), Round B ($542M), or Round C ($793M) would you come out and say, "Yeah, we were ho
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by cujic9 9y ago
You are moving the goalposts. If we're talking about doing a specific task within a well-defined framework, computers are already proving to be superhuman. That includes image recognition beyond ImageNet, as well as games like Go. But
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by cujic9 9y ago
Unfortunately, humans do.
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by cujic9 9y ago
Good talk. And I, for one, am confident that Wall Street will accept the limits of their intelligence and introduce software constraints that require human oversight for the benefit of market stability. /s Seriously though, any system
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by cujic9 9y ago
Firstly, the human brain is not vastly superior. There are already tasks such that a reasonably competent developer can build and train a deep learning model that beats human perception on commodity hardware with open source software. Sec
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by cujic9 9y ago
I've been looking for something like this for a while. The Asus C101 Chromebook with GnuRoot Debian for a chrooted Linux has done a satisfactory job. Small, light, reasonable keyboard, and flips into a tablet.
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by cujic9 9y ago
No, I wrote it. :D
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Ask HN: Good books about modern political campaign strategy?
36 points by cujic9 9y ago|11 comments
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by cujic9 9y ago
He also called gold a fad: > "I think gold is a bubble, but it's always been a bubble," hedged Shiller. "It has some industrial uses, but it basically it's like a fad that's lasted thousands of years."
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by cujic9 9y ago
...leading to fake luxury handbags that are even more accurate.
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by cujic9 9y ago
Buying Bitcoin is not investing, it is speculation. This may sound pedantic, but its not. It really is a gamble to hold Bitcoin, you are betting on specific uncertain events happening in the future. If they do not happen, then Bitcoin will
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by cujic9 9y ago
The "explain like I'm 5" version, partly to answer you, and partly as a clarifying exercise for myself. In a market, you trade dollars for other valuable things. In a stock market, you trade dollars for stocks. Why is a stock
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by cujic9 9y ago
If they are executing well, then I think it's poor form and foolish to clone them. Think about joining them instead. You will all be better off. If they are not executing well, then business is business. Sooner or later someone will cl
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by cujic9 9y ago
Yes, but... the article suggests that in the long-term exchange, the voting power resets with a change in ownership. So while a share that has accumulated a lot of voting power is valuable to me, you wouldn't necessarily pay any more f
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by cujic9 9y ago
For a proper debunking, you need to address the fact that it's usually pretty easy to wring cash out of a business, but you can only do it once. That's why longer term investments are preferable. It puts the focus on building sus
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by cujic9 9y ago
War is evolving in a weird way. In the last few decades, the US population stopped tolerating human casualties, so now every mission must have overwhelming force to minimize the chance of losing a single soldier. This has caused the cost of
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by cujic9 9y ago
I don't take any signal from Jamie Dimon's words. Regardless of his (or their) true thoughts on crypto, there is no situation in which it benefits him or JPMorgan to speak positively about crypto currencies. As a finance company,
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by cujic9 9y ago
Contrived? Yes. Meaningless? No. Voting rights are powerful. That's the point of the long-term exchange. In existing exchanges, going long and short in equal amounts on the same stock simply cancel each other out. But in a "long-t
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by cujic9 9y ago
Bonus points when the crows learn they can speed up the process by dive bombing a smoker, causing them to run away in terror, dropping their cigarette in the process.

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