esoterica

10 ms·

91.
by esoterica 3y ago
Paid non competes are also banned under the proposed law (and currently banned in California).
92.
by esoterica 3y ago
That is not correct, the way mandatory gardening leave typically works is that you are no longer an employee but you still get paid. Depending on local laws you can force someone to not compete but you cannot force someone to be an employee
93.
by esoterica 3y ago
That is completely normal. College hires are either returning interns from the previous summer or else mostly recruited in the fall to start after they graduate in the summer, so almost all new grad hiring takes place 6-12 months out anyway
94.
by esoterica 3y ago
You are wrong, the proposed law bans both paid and unpaid non-competes. The point of gardening leave is that it’s mandatory and not voluntary. Making it voluntary defeats the purpose because anyone who wants their career to keep progressing
95.
by esoterica 3y ago
The point of gardening leave is that it is mandatory, not voluntary. People are not going to choose to put their career on pause when they could be working, even if you pay them. The proposed law will ban mandatory non competes, even if the
96.
by esoterica 4y ago
SF has a slightly lower murder rate than the US as a whole. Lower than most of the republican states, and lower than Miami, which some people seem to be trying to make the new tech capital.
97.
by esoterica 4y ago
Your blog just has a bunch of charts showing that high interest rates are correlated with high inflation and gets the direction of causality wrong. Has it ever occurred to you that maybe the correlation exists because governments respond to
98.
by esoterica 4y ago
Aliens doesn’t mean tip of the spear of an alien invasion force. Could just be some alien scientists who managed to scrape together a bit of grant money sending out cheap disposable probes to various systems to collect data.
99.
by esoterica 4y ago
You are conflating fixed point vs floating point and decimal vs binary, which are entirely different things. You can have decimal floating point numbers and binary fixed point. You realize that decimal numbers also have the exact same types
100.
by esoterica 4y ago
You realize that decimal rounding has the literal exact same type of problems as binary rounding right? It’s literally just a different base.
101.
by esoterica 4y ago
You’re missing the point entirely; if you’re a founder CEO who owns a large chunk of the company, then your existing ownership dwarfs all of your salary, bonus, and equity compensation. You get “paid” in share price increases, not cash or s
102.
by esoterica 4y ago
Just because your farm is not publicly traded and marked to market every day does not mean the value cannot go down. A rising rate environment is going to drive all asset values down, including farm businesses. It’s not only stocks that wen
103.
by esoterica 4y ago
Who said anything about putting $700k under your mattress? Which is going to generate more income, investing the entire $700k or investing your mortgage interest?
104.
by esoterica 4y ago
Farms are just businesses and nothing about them makes them inherently better to own than other businesses. Instead of putting all your money into a single undiversified business that requires work to manually manage just put it in an index
105.
by esoterica 4y ago
Why would paying off your primary residence give you more peace of mind than having $700k in liquid investments? You can’t use your paid off house to buy food or pay medical bills.
106.
by esoterica 4y ago
There’s no such thing as a business that’s both lucrative and trivial. To the extent that you need finesse, hard work and luck to build a successful business, the same combination of finesse, hard work and luck could land you an equally or
107.
by esoterica 4y ago
If renting is strictly financially worse than buying, why do so many fabulously wealthy corporations rent instead of own their offices and stores? When you buy a home you have to pay mortgage interest, property taxes, maintenance costs, HOA
108.
by esoterica 4y ago
Renting is not in general more cash flow negative than having a mortgage.
109.
by esoterica 4y ago
Nobody in America will starve to death unless they have a severe mental illness that prevents them from obtaining help that is otherwise accessible to them. The welfare system is not great, but it's not that bad. Food stamps and food b
110.
by esoterica 4y ago
Why do you think your life won't start until you buy a house? It's psychotic how much psychological weight people put on homeownership.
111.
by esoterica 4y ago
If the government had let the banks crash in 2008 the economy would be in a much worse state today and everyone would be a lot poorer. Foreign investors hold a vanishingly tiny fraction of the real estate in America and are not responsible
112.
by esoterica 4y ago
What makes you think being the #1 powerwashing company is going to be any easier than making an equivalent amount of money in the corporate world? Do you have any reason to believe you are better at powerwashing than the other 99 guys in yo
113.
by esoterica 4y ago
> That's even more of a no-brainer, as an average 9-5 has practically zero upside, so your net worth is likely to stay flat (if not even go down). The average millionaire is just a schmuck with a high paying 9-5 job. Doctors, lawyer
114.
by esoterica 4y ago
> shared suffering cements lifelong bonds. I'm sorry, is this a cult or a workplace? Why is this a good thing? > This is how shared mental models are built, shit gets done I get why Elon wants people to work until 1am, but what&#
115.
by esoterica 4y ago
Risk in return for what reward? There's no reason to believe there's any more upside to working at Twitter vs any other big tech company where you don't have a egonomaniac CEO making you do stupid hazing rituals. It's no
116.
by esoterica 4y ago
> In a podcast from 2019, SBF brags about making predictions on the timescale of 1-2 seconds > While this might have been considered highly competitive in 2019-era crypto markets, it is a far cry from the microsecond-level precision o
117.
by esoterica 4y ago
I mean he was the one that saddled Twitter with a billion dollars in LBO debt. Most successes and failures have many contributors but this particular spot of trouble Twitter is literally just 100% his own doing.
118.
by esoterica 4y ago
I think you’re confused about what a liability is. If the liabilities were fake FTX would not be insolvent. Their problem is that their liabilities are real but their assets are fake.
119.
by esoterica 4y ago
Did you see how hard Elon tried to get out of the Twitter deal? Remember how he made up fake excuses about bots to try and torpedo the merger? Even Elon doesn't think Elon can make the Twitter deal work.
120.
by esoterica 4y ago
Don't tell Elon then, because he definitely paid a growth multiple for Twitter. If Twitter never grows beyond its current size then his investment is a giant failure no matter how much he manages to cut costs.

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