dharmon

28 ms·

181.
by dharmon 10y ago
I don't know how this fits in with your "bottom line" concept, but the purpose of a business is to create some amount of value for its customers _and_ retain some amount of that value for the business owners. As a big positiv
182.
by dharmon 10y ago
I've been wondering if it isn't just that more celebrities have died (which I thought was unlikely), but that the celebrities dying are surprisingly young. Like when Kirk Douglas eventually dies, the likely reaction will be, &quot
183.
by dharmon 10y ago
A few critical mistakes here. First, you have to distinguish between operating and non-operating assets. The $4B you cite is the book value, which most certainly includes operating assets. If you are adding operating assets to your valuatio
184.
by dharmon 10y ago
Surprise surprise, taste is subjective. The byline is misleading, wine experts most certainly can distinguish wines by grape, region, and even vintage with remarkable accuracy, they just don't grade them consistently. Here's my ti
185.
by dharmon 10y ago
Nintendo is extremely conservative fiscally and will have no trouble surviving purely from a corporation point of view. In my opinion, their largest threat is a new generation that does not know who their characters are. Mario has a ridicul
186.
by dharmon 10y ago
Zuckerberg has a conference room that is indefinitely reserved for his use. So ostensibly he has a desk like everyone else, but practically speaking he has a private office that he spends all his time in. If you walk through campus it'
187.
by dharmon 10y ago
Just a wild guess, but it's possible that since Zuckerberg has a keen interest in VR that he's basically taking all of the fun vision / strategy parts of being the Oculus CEO and leaving Iribe with the slog.
188.
by dharmon 10y ago
Change it to expire this month and wait a few weeks?
189.
by dharmon 10y ago
This is a great step for what's really a sad state of affairs in the US. My wife and I like to "joke" (it's not really funny) that we know enough to not take a puppy or kitten away from its mother before 8 weeks, yet we
190.
by dharmon 10y ago
I think it was similar to his shipping capacity play that made him a lot of money years before, where there was going to be a shortage of production once demand turned. The part I don't get is with the debt load he was essentially bett
191.
by dharmon 10y ago
They are currently fighting it out in the courts to not get their equity wiped out by creditors. I actually really like Pabrai, and enjoyed his two books. But I cannot figure out what he was doing in Horsehead. Three strikes: high debt, hig
192.
by dharmon 10y ago
You are generally right, but there is one super key distinction: despite being a "bad" business, Berkshire was throwing of real hard cash, albeit in decreasing amounts. Buffett used that cash to invest in Washington Post and buy S
193.
by dharmon 10y ago
Yeah, definitely. Smart investors with no management or operations experience install capable people as CEO, as Buffett has done on several occasions. Arrogant investors seem to think, "running a business can't be that hard...&q
194.
by dharmon 10y ago
The Buffett Curse: Any comparisons to Warren Buffett will immediately result in disastrous investment performance. In this case, hedge fund manager Eddie Lampert took control of Sears about 10 years ago, merged it with K-Mart, and 3 years a
195.
by dharmon 10y ago
It has a lightheartedness and desire to be fun that I just don't see anymore. I don't know if filmmakers (directors, writers, and actors alike) feel the need to be serious in order to be taken seriously, or if they are just afraid
196.
by dharmon 10y ago
Of course I have a problem with that. I'm saying we don't know that's what happened. What she did was foolish, but re-using a company name is a far cry from stealing IP. Has anyone looked to see what the old company does vs.
197.
by dharmon 10y ago
The latter two are arguable. Is it really the same IP and organization? And how much of that IP is her personal experience? Do investors really have claim to that? I agree she handled this very poorly, but just trying to look at the other s
198.
by dharmon 10y ago
Agreed that the title is wrong. Is there a word for not just playing down someone else's success, but denigrating it? E.g., "My rival at work just won the lottery. Sucks for him, doesn't he know that most lottery winners end
199.
by dharmon 10y ago
If we learned anything from Cruise, it's that he should hang back, wait to see if her new business is a success, then come forward and make an equity claim. No sense wasting time and money just yet when 90% of businesses fail. More ser
200.
by dharmon 10y ago
To offer a counterpoint, years ago the wife and I moved from NYC to California and purged quite a lot of stuff. We shipped everything we owned via UPS, to give you an idea of what we pared down to. There was no sudden bursts of creativity o
201.
by dharmon 10y ago
I generally agree, although some books don't need the week-long time to digest what they are saying and process the implications. For most "pop" books, they are often either based on a long-form article (commonly New Yorker o
202.
by dharmon 10y ago
So I watched this video, was inspired, and tried it out tonight. Turned out pretty good! I know my way around a whole chicken (I cut up whole chickens about once every week or two), so deboning wasn't so bad. The legs took too long; yo
203.
by dharmon 10y ago
That was a thing of beauty. Definitely trying it this weekend (but giving myself an hour instead of 10 minutes).
204.
by dharmon 10y ago
I think you're spot on with your analysis. The hope (for me), is that some middle ground is reached. Make it ok again to build normal-size houses (1200-1500 sq. ft.) in nice neighborhoods with nice schools.
205.
by dharmon 10y ago
Maybe it's because my formal math training is not in probability and statistics, but it's so bizarre to me that in a technical situation people would let a philosophical position dictate their approach rather than best tools for t
206.
by dharmon 10y ago
Skeptic hat theory: of all Trump's proposed policies, 90% of which are DOA, one that may garner some support is limitations on "revolving doors", limiting public servants ability to work for private sector businesses they wer
207.
by dharmon 10y ago
When is Dorsey going to step down? Running two successful, public businesses is damn near impossible. Running two public companies that are both in dire straits? Get outta here. It was incredibly irresponsible of the board to allow him to c
208.
by dharmon 10y ago
Cool. Thanks for the info. I just assumed that over 250 years some cruft was inevitable.
209.
by dharmon 10y ago
That's the important question. If the answer is, "not that many", then this would probably lead to gridlock. Not the worst outcome, I guess.
210.
by dharmon 10y ago
Who knows how many outdated regulations are still on the books? It seems the thing to do would be hire interns to start scouring for every "A married woman shall not chop down a birchwood tree on the day of her wedding while wearing he

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