eftychis

20 ms·

181.
by eftychis 4y ago
The choices are acceptable, not reasonable. At least by the strict definition of reasonable -- we seem to be changing that definition similar to the world "literally." > The value of individual freedom of choice is inherent un
182.
by eftychis 4y ago
I agree. But we end up adding more stressors to human drivers that way to gain what really?
183.
by eftychis 4y ago
I think the problem with self driving vehicles -- to add to that conversation, is the companies focus on the wrong market. For people it is asking for them to give up control either as drivers or as pedestrians in a city. Most people like t
184.
by eftychis 4y ago
Having worked in a multi-area/multi-time-zoned company and teams, and having tried to coordinate all these along with the political games: it is a different beast to be remote some times a week and a different beast to try to coordinat
185.
by eftychis 4y ago
In fact it is a terrible idea to pay dividends. You can thank the tax code if you subscribe to that school of thought.
186.
by eftychis 4y ago
Heads up to the author of the article: a) writing is hard b) nobody likes writing production code c) nobody is good at production without trying d) most people I have seen that have claimed they are good at modeling, but not good at writing
187.
by eftychis 4y ago
This. There is no clean application of comparative advantage here. The great individual that will rewrite the code and knows all the details to get the model scalable, robust and production ready, can also do the data science "creative
188.
by eftychis 4y ago
Disagree on that. Is Apple trying to arbitrage currencies at this point?
189.
by eftychis 4y ago
Well technically it is a liquidity crisis, as being insolvent is a liquidity crisis. (If you have no assets, you have no liquid, class 1 assets by definition.) It is similar to the extreme example of "bombing a building to the ground a
190.
by eftychis 4y ago
They have lots to fear as they get a 30% cut. One "simply" needs to launch their own app store and save millions, and aggregate other companies on their store. I can think of Epic Games as a first thought, but I am sure the list
191.
by eftychis 4y ago
It will kill you to know that in San Francisco it was reported that 61k houses were empty. Either vacationing or waiting for rents to rise again. P.S. https://www.kron4.com/news/bay-area/61000-homes-are-empty-in...
192.
by eftychis 4y ago
Bank runs still happen. And I will keep it strictly to banks. Abacus being one case, when the DoJ went after it just to punish someone. A lot of banks in Europe during the 2008+ crisis -- which is why "capital controls" were enfor
193.
by eftychis 4y ago
Problem is there is always the mispricing of the cost of having pled guilty to a felony. In the US the hard part is after prison from my understanding. Maybe I am wrong though. Also if your neighbors got you into this state now, what are th
194.
by eftychis 4y ago
Public defender? Bad attorney-- collect the money and head out?
195.
by eftychis 4y ago
Agreed about the publicity battle.
196.
by eftychis 4y ago
This is a joke right? April Fool's right?
197.
by eftychis 4y ago
Pandemic means it is endemic "everywhere." https://www.medicalnewstoday.com/articles/pandemic-vs-endemi... It does not describe severity. Ebola is endemic in parts of Africa. I still hope nobody gets it. We c
198.
by eftychis 4y ago
People I know are getting COVID in the Bay Area -- multiple weeks sick (I can count at least 6 -- in the moment -- for the span of middle of October until now). We are still in the pandemic. The problem is it has to stop everywhere for us t
199.
by eftychis 4y ago
He bought the users not the equipment, developers etc. The brand and domain is what he bought -- in his mind at least.
200.
by eftychis 4y ago
They would have liquidated him -- and that would have crashed the Tesla stock (more than now anyways).
201.
by eftychis 4y ago
Per institution. And there is a lot of consolidation. So I would be careful. It is really easy to be placing money into different banks, but essentially the same one.
202.
by eftychis 4y ago
Cause, no. Make it more likely, along with the world situation we are in and the supply dysrhythmia, yes. Recall FTX used a bunch of cash to save failing companies which would create systemic shock (ironic), acquire and invest lately, inclu
203.
by eftychis 4y ago
And to amend a bit, to give the whole perspective: And one of the triggers started when around 2005 the FED started raising interest rates. Which it had lowered more dramatically due to 9/11. https://www.bankrate.com/ba
204.
by eftychis 4y ago
a) They are similar products banks/certain financial institutions utilize right now, just with corporate debt -- oh what can go wrong in a recession, right? b) Bank runs happened in 2008 (U.S.), 2010-12 etc. A lot of crypto companies b
205.
by eftychis 4y ago
Would you pick a random bond? The question is if there is a good type of asset. One anyone would just keep. To your words Druckenmiller "makes money by buying bonds." That involves a) picking them b) selling them and doing both ri
206.
by eftychis 4y ago
Yeah. If the only bank they had prosecuted wasn't tiny Abacus, with its excellent low delinquency rate, they could "learn em." When governments' motto became "too big to fail," they lost every right. And they s
207.
by eftychis 4y ago
Only necessity commodities are a good asset to own in a recession. And in practice due to retail patterns volatility in bad times nothing is a "good" thing to own. (If you know a vertically integrated food producer that produces t
208.
by eftychis 4y ago
That can't happen directly (I think). Mingling breaks the limited liability mantle. He will have to buy equity or other product from FTX to infuse with cash. And if it is going bankrupt he has to stop running it to preserve the liabil
209.
by eftychis 4y ago
I mean that is the whole idea: make content that (the majority) of people watch to chill and relax. After a bad day etc. And there are a lot of gems in there too. It is just simple and we have to acknowledge it: people like watching trash s
210.
by eftychis 4y ago
I agree. And it is sketchy when people give a guarantee we know they can't keep.

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