gizmo

21 ms·

241.
by gizmo 2y ago
> For example Ireland has by a long margin the highest GDP/capita in the whole EU No, Luxembourg does.
242.
by gizmo 2y ago
All rich countries have high GDP per capita and all poor countries have low GDP per capita. Zero exceptions. Despite the shortcomings of GDP as a metric it still tracks prosperity very accurately.
243.
by gizmo 2y ago
World Bank: European Union gdp per capita for 2022 was $37,433, a 3.33% decline from 2021. U.S. gdp per capita for 2022 was $76,330, a 8.7% increase from 2021. It's not even close?
244.
by gizmo 2y ago
Yes, this is why European politicians are bending over backwards to get American tech CEOs to open offices in their countries.
245.
by gizmo 2y ago
That's all true. However, the US is capable of producing almost everything domestically, albeit in lower volume. The US military doesn't like to depend on Chinese chips for obvious reasons.
246.
by gizmo 2y ago
Europe is much much poorer than the US, actually. https://pbs.twimg.com/media/F3PGpsrWEAEiplB?format=jpg&name=...
247.
by gizmo 2y ago
Europe is a single market with regards to imports and exports, and that's what matters most for a business. Low wages more than compensate for regulatory annoyances. No shortage of subsidies either. California has more burdensome regul
248.
by gizmo 2y ago
Stripe was founded in California. It's an American business that focused exclusively on the American domestic market in their first years of operation. Many tech companies in the US are founded by immigrants from Europe and elsewhere.
249.
by gizmo 2y ago
The grandparent claimed that the DAX 40 has real businesses that make things as opposed to American tech businesses that just serve the attention economy. Clearly not true. European businesses run on American technology. American businesses
250.
by gizmo 2y ago
Because tech innovation requires tons of R&D and you can't afford to do that otherwise. Europeans use American laptops running an American operating system to watch American movies in an American browser. European economic producti
251.
by gizmo 2y ago
> The DAX is only 40 companies, most of which make real products rather than advertising mechanisms This, as the kids say, is just cope. American big tech makes real products. Google is not just ads. Apple is not. Amazon is not. Tesla is
252.
by gizmo 2y ago
Brand damage is very real for large businesses. Developers who abandon Windows for Mac or Linux don't come back when their specific grievance gets addressed by Microsoft because the fundamental trust is broken. Apple is making similar
253.
by gizmo 2y ago
Exactly. Apple really needs new growth drivers and Nvidia has a 3bn market cap Apple wants to take a bite out of. One of the few huge tech growth areas that Apple can expand into.
254.
by gizmo 2y ago
That’s why I talked about unnecessary complexity. Of course many hard things in life are worthwhile. I don’t think anybody would argue otherwise.
255.
by gizmo 2y ago
Since that is the entirely conventional take on literature I couldn’t possibly be missing that. (Edit: re-reading what I wrote earlier I can see how it can be read that way. My bad. )
256.
by gizmo 2y ago
I made no such universal statement. Some people enjoy hard things simply because they are hard. My claim is that this can also result in people thinking some literature is better than it is, because people draw satisfaction from the effort
257.
by gizmo 2y ago
I find that literature that requires work does not provide more food or insight into the human condition or a sense of wonder (or whichever benchmark you choose) than simpler and more accessible works. If complexity is not what makes the wo
258.
by gizmo 2y ago
When people recommend Russian literature I'm always curious what they think about the other great Russian literary works. Because I find unnecessary complexity unbearable. I have no desire to read literature with 100+ named character
259.
by gizmo 2y ago
I'm a little bit surprised by these articles. I thought it was well known (or at least an open secret) that sama is one the most prolific tech investors? Yes, sure, there are conflicts of interest but this is par for the course. If you
260.
by gizmo 2y ago
No matter how you slice it almost time spent in a compiler is wasted by recreating optimizations for things that haven't changed. Back in the 70s disk IO was slow and memory was scarce. Compilers couldn't cache much for that reaso
261.
by gizmo 2y ago
It’s absurd to suggest that users of an e2ee chat service can reasonably expect the government to “take a look” at the pictures they share. Software should have no such backdoors. This law does nothing to dissuade criminals but it does degr
262.
by gizmo 2y ago
Getting shot by a handgun is not like getting shot by AR-15. Even at the same caliber the muzzle velocity of a modern rifle makes the bullet that much deadlier. Prime Minister Robert Fico got shot three (?) times with a handgun and it now l
263.
by gizmo 2y ago
What you call "maximal negativity" is what I would call skepticism about spin. Giving Sam an ultimatum, forcing him to choose one or the other, is a very forceful move. PG is not universally opposed to people running multiple orga
264.
by gizmo 2y ago
Assault rifles are rifles designed for killing humans (as opposed to hunting rifles). Sniper rifles require training. Shot guns have limited range and take long to reload. Handguns are hard to aim and not that lethal. Assault rifles are uni
265.
by gizmo 2y ago
No adult would share their location with uber 24/7 so pickups would get marginally more convenient. Living under constant surveillance is bad psychologically, even when the surveillance itself is benign. Being able to lie to your paren
266.
by gizmo 2y ago
Equity holder buys puts as a hedge from a market maker. Market maker sells puts and shorts shares to stay market (delta) neutral. The equity holder could also just sell their shares instead of hedging with puts, but that's a taxable ev
267.
by gizmo 2y ago
Semiconductors are a cyclical industry. Undersupply followed by oversupply. Boom and bust. Feast and famine. But demand for semiconductors has gone up, albeit cyclically, for 6 decades. Not a trend I would bet against. Every car will get AI
268.
by gizmo 2y ago
If it’s cheaper to hedge (by shorting) and waiting for the long term cap gains tax instead of selling (and paying short term cap gains) that’s what people will do. It has nothing to do with “risky bets” or anything like that. It’s simple ta
269.
by gizmo 2y ago
Cost savings in marketing, advertising are already substantial. Large businesses are running pilots with on-premises LLMs with promising results. Aaron Levie of Box.com has been outspoken about it: https://x.com/levie/s
270.
by gizmo 2y ago
Articles like these are cheap clickbait. Most short interest in Nvidia are hedges. Nvidia shareholders are sitting on huge untaxed gains. People want to sell but can’t because January is still 6 months away. So they hedge with puts. And mar

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