em500

34 ms·

451.
by em500 4y ago
I don't see your example works. Shareholders could lose 100% of their investment, their EV is not +5%. Bank employees could get higher bonusses, but also run higher risk of 0% bonus and losing their job, not sure how you get to 5% EV o
452.
by em500 4y ago
Treating your question as non-rhetorical, you get to play with the money if you work at a bank (most bank have a standard career webpage where you can sign up). But most normal employees don't profit all that much unless they make it t
453.
by em500 4y ago
We're not keeping negative scores, that's the whole point of the invention of limited liability corporations. It's has large upsides (democratization of capitalism, ability to participate in larger and riskier ventures). Like
454.
by em500 4y ago
> If banks are rescued from this, the only logical conclusion is that all banks should just cease to exist. Why should they get to play with what is effectively taxpayer's money, since that is where the risk will be paid from if the
455.
by em500 4y ago
Not privy to their financial management, but it's unlikely that they keep billions of dollars in cash. How it usually works when you have huge piles of legit cash coming in is, you buy short duration T-Bills that you keep rolling over
456.
by em500 4y ago
SNES and N64 games were usually $50-$60 in the 1990s, when salaries where a lot lower.
457.
by em500 4y ago
Sorry to sound harsh, but 6eur for ice cream (or 3euro at a discount) is indulgence, not good food. I live in one of the richest Eurozone countries, with around €2000 full time minimum wage, and locals here would consider that an expensive
458.
by em500 4y ago
> That apartment is my mother’s not mine. In the end it’s her say. Her friend has a nice empty apartment but she cannot find tenants. My mum says we have already enough problems. That apartment needs renovation with money I do not have.
459.
by em500 4y ago
This is a fluff piece catering to the prejudices of a data illiterate audience. It makes a big fuss about a 46% decline in births (absolute, not birth rates) and marriages in the last 6 years, and tries to correlate this to the dystopian Xi
460.
by em500 4y ago
Yup. The main attraction of buying/owning vs renting is reduction of risk/uncertainty. If you're rich (>double-digit million net worth) and not stupid (hold your entire net worth in crypto coins), you don't have to ca
461.
by em500 4y ago
https://www.numbeo.com/cost-of-living/compare_cities.jsp?cou...
462.
by em500 4y ago
There are also a number of people who will never admit this on a public forum, but they prefer their paid job over watching their own children all day, sometimes even if it pays less.
463.
by em500 4y ago
Context: a Bloomberg Terminal subscription costs around $2000/month per user. (Of course for most users it’s paid by the company they work for.)
464.
by em500 4y ago
In the Netherlands, the country with maybe the best biking infrastructure in the world, escooters are banned from public roads (including bike lanes), because the authorities consider them too dangerous.
465.
by em500 4y ago
I don’t know the particulars of Booking.com, but I can tell you that a very large part of property owners are small scale, largely tech-illiterate (and sometimes close to natural language illiterate) and would only recognize SMS from those
466.
by em500 4y ago
Nonsense, no government in the world pays for 24-7 in-house end of life care for a year, that would be crazy.
467.
by em500 4y ago
> Nurses and doctors there every day. But presumably not 24/7 = 168hr per week, which makes all the difference (and the vast majority of the $145k in costs). 168hr / week of care will require 3 to 4 FTEs, no way around that.
468.
by em500 4y ago
I grew up in the Netherlands as a "niet-Westers allochtoon", with 2 (not "functionally" but utterly) illiterate parents. I have spent significant shares of my life in both the bottom and top quintiles of the income distr
469.
by em500 4y ago
Yup, it seems people gloss over that 24*7 care means 168hr per week, i.e. 4x42hr or 3x56 hr of labor per week. The only ways to make this cheaper is 1) lower salaries, 2) fewer hours or 3) have someone else pick up the tab (which can somet
470.
by em500 4y ago
Maybe you forgot that you need 3 to 4 nurses to cover a 24*7=168hr week.
471.
by em500 4y ago
24/7 care is 168hr/week, so the costs will be about 4 FTE in local salary. It's only less expensive elsewhere because wages are lower elsewhere.
472.
by em500 4y ago
> Exactly, and that is why I'll always bring up the only example of a benefit system that doesn't suffer all those beaurocratic nightmares. Polish child support (so called 500+) is a benefit for everyone that has a child(or chi
473.
by em500 4y ago
Parent's point are highly exaggerated, see my sibling comment. For children born in the Netherlands to parents with a valid resident permit, there is close to zero administration involved. (I can go into exact details if interested.) I
474.
by em500 4y ago
That's a question not even genuinely smart academic economists (not those who play ecomomist on CNN/Bloomberg) who study such for living can answer, let alone the median citizen. It's like asking if the immigrants / docu
475.
by em500 4y ago
2) if your supplier has it's admin not in shape (or is comitting fraud), then you are not a fraudster.innocent people as fraudsters. In this particular case, the law is written that the liability lies solely with the people applying fo
476.
by em500 4y ago
Yup, that's why I think that stories about the benefits of having HFTs providing micro-second liquidity are bunk. Even without holidays and weekends, large stock exchanges only operate 7 hours per day, with a 17 hour gap of non-liquidi
477.
by em500 4y ago
> The fraud revolves around small companies ("gastouder kantoren") thinking they found a loop hole in the law. The short version is they would say: "Hey, do your (grand parents) sometimes baby sit your kids? We'll reg
478.
by em500 4y ago
> The same with 'kinderbijslag', 'zorgtoeslag' and lots of other of these social catchnet essentials. They're made into a massive meatgrinder and one little mistake and you'll be paying back the original ass
479.
by em500 4y ago
Talking about being stuck in a depressing non-stimulating environment: I've done it in a Chinese quarantine hotel for 2 weeks. You really really don't need Youtube / social media / your other "essential" vices
480.
by em500 4y ago
From the opening section: > The radical solution to avoid that addicting design is to avoid it entirely, but there is still so much good information in there that it probably doesn’t make sense. I think you've already lost half th

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