harryh

59 ms·

601.
by harryh 7y ago
I think it's pretty unfair to lump Uber (which really has transformed the world in a real way) with Theranos (outright fraud) and WeWork (possibly a viable but semi boring business that got way over hyped).
602.
by harryh 7y ago
Street parking should be illegal in the first place. Want to own a car? You should have to pay to park it somewhere.
603.
by harryh 7y ago
Paying for order flow doesn't fleece customers. Those customers are guaranteed to trade at the best price by NBBO. So why would people pay for order flow? The people who do this are liquidity providers. What they want to do is sit ther
604.
by harryh 7y ago
Read the rebuttal: Flash Boys: Not So Fast - An Insider's Perspective on High-Frequency Trading https://www.amazon.com/Flash-Boys-Insiders-Perspective-High-...
605.
by harryh 7y ago
The available funds is irrelevant to my point because costs increase in proportion everywhere. If we 2x the amount of money in the system a house will cost twice as much...but so will the cost of a person's labor. But the ratio of the
606.
by harryh 7y ago
No, not like that at all. An economy where new business formation is radically more difficult so the economy is far slower to adapt so there is mass unemployment and human misery. Go talk to someone who actually runs a real business. Especi
607.
by harryh 7y ago
You have essentially described a world with extremely high interest rates. We have empirical data on what happens in such worlds: economies tumble into recession and there is mass unemployment.
608.
by harryh 7y ago
My natural tendencies are definitely in the libertarian/capitalist direction. I think that people should be able to whatever they damn well please with their money. I think that they will get it right more often than not and that when
609.
by harryh 7y ago
Because the amount of goods and labor required to build a house (that can be lived in for decades) is typically a lot more than what an individual can save up for in any reasonable amount of time. You're missing the forrest for the tre
610.
by harryh 7y ago
should have a legal duty to the customer to act in the customer's best interests first What does this even mean though? Say I'm getting a loan from a bank. It's in my best interest to get that loan for 0%. But it's obv
611.
by harryh 7y ago
I can't comment on Switzerland, but in the US local bookstores are thriving: "Between 2009 and 2015, the number of independent bookstores grew by 35 percent." https://www.npr.org/2018/03/29/5980
612.
by harryh 7y ago
The Duke paper addresses this point directly: "Our model of admissions shows that roughly three quarters of white ALDC admits would have been rejected if they had been treated as white non-ALDCs."
613.
by harryh 7y ago
I generally agree with your comment, but it's worth nothing that despite the US population increasing and the number of kids attenting college increasing even more the top schools have generally not increased enrollment sizes much at a
614.
by harryh 7y ago
VCs? No. Definitely not.
615.
by harryh 7y ago
The vast majority of shares purchased at IPOs are by institutional investors writing very large checks, not retail investors. Retail investors shying away had nothing to do with the IPO getting pulled. And even if this wasn't the case
616.
by harryh 7y ago
In order for something to be fraud there has to be deception. This was never the case with WeWork.
617.
by harryh 7y ago
A couple of reasons come to mind: - it would probably cost more than you think per person to get someone to pick up their life and move to a state of your choosing - it's not clear ahead of time how many people you need to get to move
618.
by harryh 7y ago
I fully admit that my entire understanding of the UNC curriculum is what I just gathered in 5 minutes of googling/reading. So ya, just comparing labs from similarly named classes is definitely not the best methodology. That being said
619.
by harryh 7y ago
It wasn't theft because of a discount. It was theft because the money didn't go to the school but instead went to the facilitating lawyer and some corrupt employees.
620.
by harryh 7y ago
The CS program for undergrad in Havard is exactly the same as your closer public college I'm sympathetic to your signaling point of view, but this statement is definitely wrong. CS curriculum varies a lot between the top schools and
621.
by harryh 7y ago
And the more interesting use case is that it’s a billion dollar 0% loan Maybe this would have been exciting a decade or two ago before interest rates dropped so far. Now Startbucks can issue all the debt it wants for...checks notes...abou
622.
by harryh 7y ago
Starbucks' annual revenue is about 25 billion. Let's say they are making a (very generous!) 5% on that balance. That's 80 million dollars or about 0.3% of their annual revenue. Starbucks doesn't run its payment app so th
623.
by harryh 7y ago
The vast majority of health care is a commodity product. Unless you have some super rare condition, whatever your problem happens to be it's extremely likely to receive more or less the same treatment from a large number of potential p
624.
by harryh 7y ago
So people without passports (roughly 2/3rds of Americans) shouldn't be able to get loans?
625.
by harryh 7y ago
Just having the SSN, name, address of the consumer, etc. shouldn't be enough to prove the lender entered into a contact with the consumer. What should be enough? What documentation should banks have to collect before opening, say, a
626.
by harryh 7y ago
here's one case where someone felt unprotected by HR because they asked HR not to investigate and HR did FWIW, this sort of thing is included in every HR training I have ever done. HR is obligated to investigate issues regardless of
627.
by harryh 7y ago
Your home address, age and marital status are absolutely used by lenders Oh I know. The world isn't perfect in this respect, but it's a hell of a lot better than it used to be thanks to credit reporting. It has been an incredibl
628.
by harryh 7y ago
demographic I don't think it's a good idea to go back to the bad old days before credit reporting where whether you could get a loan or not was based on your demographics (color of your skin) rather than on the objective criteri
629.
by harryh 7y ago
Why is Stripe still private?
630.
by harryh 7y ago
I think one of the key differences between childhood and adulthood is that status in childhood is based solely on one's ability to play the status game. In adulthood it more based on one's ability to actually perform socially usef

More ›