georgeecollins

7 ms·

91.
by georgeecollins 6mo ago
I don't really see any evidence that the poor are smarter than the rich. You can say that a wealthy person is more insulated from their mistakes, but I think poor and rich react very similarly to major financial setbacks. Yeah, a wea
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by georgeecollins 6mo ago
true, but the way I would frame it is we are all morons in someone else's eyes. No one is as smart as they think they are. The mistake Americans make is thinking that rich people are so smart that everything they do is smart.
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by georgeecollins 6mo ago
This is a good, thoughtful article. Fun fact: Jeff Gardiner, who is quoted in the article, was hired by me for his first job in the video games as a junior level designer. Yay me!
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by georgeecollins 6mo ago
Just like many popular places it depends when you go. Last time we were there it was off season and a bit cold but pretty empty.
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by georgeecollins 7mo ago
I think it is telling that this audience down votes this. It's kind of obvious that the thing is being used a lot. Doesn't mean it works as well as advertised. Doesn't mean the business model they have works. Just means t
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by georgeecollins 7mo ago
The point the post is making not that good ideas win or lose, its that if you need to lie (that's not better marketing) to persuade your idea probably isn't good and your predictions about the outcomes are false. The context is d
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by georgeecollins 7mo ago
But a low stock float. I once had a meeting with a guy who said his company was worth $100m. How did he get that valuation? He sold 0.4 % of stock to friends and family at $400k.
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by georgeecollins 7mo ago
It would be interesting to start a co-op or non-profit run by AI for the benefit of the employees and customers. If it worked it would have a huge competitive advantage. I guess the question is where would the capital come from, but as a
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by georgeecollins 7mo ago
I really strongly recommend his book You Are Not A Gadget. He wrote it like fifteen years ago and it feels like he is describing last year. Like he's telling you about a lot of the problems of social media today, writing before Faceb
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by georgeecollins 7mo ago
I think all this talk of entertainment economics is missing the point of the article. Yes, today bands more money from tshirts then recordings. However, in the 70s and 80s they typically made a lot of money from LPs and CDs. In the time
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by georgeecollins 7mo ago
I wouldn't say it was quixotic. Think about it this way: If fortnite made at it's peak $5.5b, and 2/3rd of that was PC (I have no idea of the ratio, just guessing), Epic would have been paying $1b to Valve in just that one y
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by georgeecollins 7mo ago
I think if it were a good plan Phil Spencer would still have a job.
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by georgeecollins 7mo ago
They have shown its a wildly successful model. They would be very crazy if they changed it, and it would make them vulnerable to Epic and the Windows store. It's more likely that your OS/ hardware will change in a way that isn&#
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by georgeecollins 7mo ago
It kills programmatic advertising, not sponsorships or subscriptions. I always subscribe to the four or five sites I use most and use a blocker. If HN had a subscription tier I would pay it to support them.
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by georgeecollins 7mo ago
The SEC is not the only one who gets a say. Their are rules that SEC does not require that have been required for certain exchanges or indices. For example, no dual class shareholders or certain board compositione have been required for l
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by georgeecollins 7mo ago
I believe you but is there a source that you can refer me to? I guess I just believed abuse was more common in the Catholic church but your post made me realize my impression had no facts behind it.
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by georgeecollins 7mo ago
I'm old, so I am a stopped clock. However, I have invested my whole life including good times and bad. I believe that for a retail trader -- someone who doesn't get paid to trade other people's money-- options are bad. OK
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by georgeecollins 7mo ago
I second that! This is also how I feel about Raspberry Pis. There's so much they can't do, and yet in a way they can do everything. It's not the power of the machine, its about how much control you have or how close you ca
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by georgeecollins 7mo ago
This is sensible advice for most people. I see some thoughtful quibbles but I wish you weren't down voted. If you are a normal retail investor, please listen to pocksuppet.
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by georgeecollins 8mo ago
Because so much infrastructure is in humanoid form. If you can make something that can manipulate two hands on arms that are positioned and moved like human arms, you could just put that torso into a lot of situations to replace a human wi
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by georgeecollins 8mo ago
I agree that AI is not as good as people at being entertaining. And everybody looked at putting LLMs in their games as GDC circa 2022 or so. It seemed like a good idea until you realized the server cost or the performance hit. So this is
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by georgeecollins 8mo ago
I don't think they have to reach the average consumer for this to work. The world is big, and while 99% probably could care less there are more than one reason to own an open source phone. If the lenovo hardware runs Android and Grap
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by georgeecollins 8mo ago
It's a total jobs program. I don't know what Starship will be, but at least Starship is trying to do something new and potentially very valuable. Maybe it is too ambitious but SLS is not that ambitious and not that successful :(
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by georgeecollins 8mo ago
This is old wine in new bottles. Read: https://www.amazon.com/Evolution-Cooperation-Robert-Axelrod-... From 1984!
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by georgeecollins 8mo ago
Regardless of the reasoning I think it is worth keeping in mind that the times when companies are letting talented experienced people go is also a great time to start the next new big thing. Talent that might have been unobtanium during a
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by georgeecollins 8mo ago
I think it could be better run for sure. We need to look at things other states seem to do well (Utah - homelessness, Texas - K12) and push to improve. The problem for me is that when you go out in the rest of the country the dislike bor
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by georgeecollins 8mo ago
That's pretty much true of half the USA.
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by georgeecollins 8mo ago
Good to hear and I hope and I suspect you are doing well. People leaving is good for other states and good for affordability of California.
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by georgeecollins 8mo ago
And don't forget the strict laws that prevent people from leaving and require them to complain instead.
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by georgeecollins 8mo ago
This is so true! At best business school professors have a side hustle consulting. And you can read in many places about the perils and questionable efficacy of consultants. What they are-- first foremost-- is academics and fad surfers.

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