fanboy123

16 ms·

31.
by fanboy123 16y ago
Anyone who has questions has the option of posing them directly to Gary himself. The NYT has a Q&A that's open for a few days. Looks like he has already started responding. http://community.nytimes.com/comments/well.blogs.nytimes.com..
32.
by fanboy123 16y ago
CEOs of big companies yes. Middle mgmt of big companies and upper of small not so much.
33.
by fanboy123 16y ago
It would force a flattening out of the pay structure in the US. It is up for debate whether or not its a GOOD thing. But that is what it would accomplish because envy is so disruptive in the workplace. Try cutting wages on middle/lower tier
34.
by fanboy123 16y ago
I had a similar thought with regards to high stakes gambling (pool, poker, golf, backgammon and prop trading). When you learn to do any of these one has to learn how to deal with making decisions under time and money pressure. Everybody tha
35.
by fanboy123 16y ago
There are over two thousand four year colleges in the US. Saying we have (random number) 80 of the top 200 colleges in the world doesn't mean the system as a whole is producing adequate results. Performance metrics should always be stated/c
36.
by fanboy123 16y ago
Was surprised at same types of thing the first time I visited. I believe this question is answered by this new york times article below about Japanese lost and founds. I've asked my friends about the phenomena and they attribute it to a sen
37.
by fanboy123 16y ago
People didn't believe in 07/08 that much of the price movement was due to the devaluation of the dollar. Perhaps the real bump in prices is due to the devaluation and perceived future devaluation of developed economy currencies. QE/helicopt
38.
by fanboy123 16y ago
Really expensive timepieces should have gone out with the quartz watches that came in during the 80s. They haven't because some of the rich and powerful use an inferior technology (from a timekeeping perspective) to show how successful they
39.
by fanboy123 16y ago
Actually I would think the US version would be a nice watch. The article seems to stress that it is a status indicator for business purposes.
40.
by fanboy123 16y ago
PGs essay is great. To better understand how companies got good at selling us stuff I recommend watching the BBC special "the century of self." It goes over the how and the (amazingly recent) when of developed consumerization. It's availab
41.
by fanboy123 16y ago
That use of capitalistic/libertarian ideals for efficiency in business would lead to major social unrest. Keeping dead weight (much of society) working keeps the masses and their pitchforks away from the houses of the ruling class.
42.
by fanboy123 16y ago
I always wonder if they wouldn't be hated if they just charged the venues requiring it to be absorbed into ticket sans label. Instead of being listed as a "surcharge." Nobody hates mastercard or visa (outside of the payments industry).
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by fanboy123 16y ago
My current MBA has an overheating problem because they didn't bother to design with heat dissipation in mind. Going to wait and see if similar complaints come up about current gen.
44.
by fanboy123 16y ago
Wow great article thanks for the link. I don't know if I agree with the statement that nerds are separated from the pack by some sort of seperate value system. I remember all the middle-upper class kids that were attractive were automatical
45.
by fanboy123 16y ago
"My understanding of these things is that this kind of debt is mostly unsecured." The debt is secured by the home itself. It is a mortgage-backed security. In some places it is a non-recourse loan which means that once you hand over your ho
46.
by fanboy123 16y ago
This might make understanding easier. Start 100M mortgages. 100M bonds (in reality for "safety" it was more like 95M in bonds.) 80M was part of the upper class. 20M was part of the lower class. If 30M of mortgages went busto without EVER pa
47.
by fanboy123 16y ago
It is complicated. You are correct in that when the house is sold investors get a recovery. Not all investors are created equal though. Difference pieces of a deal were paid different interest rates (according to risk) and as such they get
48.
by fanboy123 16y ago
"Real Estate investment cycle is very long, 6 to 10 years, and very predictable. You are 25. There are plenty of time to catch a few cycles." I was not going to downvote because of disagreement. It sounded like shilling with no reason to ba
49.
by fanboy123 16y ago
wow i wish i had the ability to downvote.
50.
Are too many students going to college?(chronicle.com)
1 points by fanboy123 16y ago|2 comments
51.
by fanboy123 16y ago
technically he said people buy stocks because they think stocks will increase in value. it is an useless/obvious observation but different from what you stated. like cuban i do wonder why individuals think they can beat the market. well con
52.
by fanboy123 16y ago
Seconded. This book was great and I probably wouldn't have bothered with it if Warren Buffett didn't mention that it changed his life.
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by fanboy123 16y ago
I have always read that the first step to being nice is to realize you aren't that smart and ..... This did not work for me. Life teaches you that you are smart. While young you are segregated and ranked according to academic ability so its
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by fanboy123 16y ago
The debt was put into structured securities which means the banks/investors did not own individual loans. Letting people prepay for less than par would have caused infighting between the investors and was not legal for the servicers (admini
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by fanboy123 16y ago
My lifetime might not be long enough for "the long run." Any longer than that and your 200 years means very little.
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by fanboy123 16y ago
Seems like the story of a brave woman. I am not sure how this addresses the NY article however.
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by fanboy123 16y ago
I have no idea how wall st and retail banking got mixed up in everybody's minds. Stegall only allowed the two to be run under the same roof... Why keep money in a mattress when the FDIC and its insurance is backed by the full faith of the U
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by fanboy123 16y ago
"In other words, he figured out pretty quickly that this is not an algorithm game or speed game - it, like many things on Wall Street - is a 'who you know' game. No matter how smart, how fast, how sophisticated you are as an outsider, the l
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by fanboy123 16y ago
How is it not true? When ranking avg test scores & gpa the average asian and white scores are usually higher than other ethnicities at top tier universties. I dont see why things like this always come up. That there is preference exhibi
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by fanboy123 16y ago
That was part of the study. Researchers observed more irrational actions compared to say rural china or vietnam. Having that feeling that things wont change will cause you to give up and do what is deemed irrational.

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