hogFeast

44 ms·

331.
by hogFeast 5y ago
As another comment has said, you realise that there is fairly substantial records on wages, prices. I am sure you have studied economics, have you studied economic history though? The data is pretty solid. The issue with consumer baskets ha
332.
by hogFeast 5y ago
I think the problem with the author's POV is posing the problem as a choice between making for yourself or making for no-one (by trying to please other people). Trying to please other people is how a market economy functions. You do no
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by hogFeast 5y ago
Must be nice to be so rich that you can choose to pay more for things.
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by hogFeast 5y ago
The rich usually are escaping capital gains tax. There are a very large number of ways to avoid realising capital gains. A good example of this is John Malone...he has spent about two decades continuously trading assets up to $8bn, I would
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by hogFeast 5y ago
95% of the "business" stories that the BBC covers are about people overcoming adversity or some other disadvantage. 95% of the financial scams in the UK market themselves as a way to "fight the system" or beat the rich p
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by hogFeast 5y ago
There is a huge problem with UK journalism and these faux business stories. Very simply: the people who write these stories are on other beats, they are usually people who don't know about business or technology or anything, and the &q
337.
by hogFeast 5y ago
Nope, the comment about Ikea is unrelated. Ikea is privately-owned, and my guess is that they just don't want to do online...some privately-owned companies are like that. The point about exec comp is what I have seen at other publicly-
338.
by hogFeast 5y ago
Ikea is the example I often cite. I am in the UK. Many of their locations are adjacent to motorways, they literally have a warehouse in the store, and all they need to add is a fulfilment network (which, btw, they already have just not larg
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by hogFeast 5y ago
This kind of thinking is why grocery chains have struggled despite having the deck stacked totally in their favour. Online retail, much like offline retail, is about physical infrastructure. You still need warehouses with all the product, y
340.
by hogFeast 5y ago
Not really. PE is mainly a vehicle for smart Wall Streeters to fleece credulous and incompetent pension fund managers. But the latest boom in PE is a function of: higher than usual levels of credulity around private vs public performance (b
341.
by hogFeast 5y ago
To a large extent investing is about pattern-matching. You are basically looking at the same situations day-in, day-out for years. You see what works, try to fit it in a box, etc. This is kind of a doubled-edged sword situation though. Afte
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by hogFeast 5y ago
It is generally very hard to read too much into what the Chinese govt does because govt behaviour is typically a function of domestic situation, and their domestic situation is very different to ours. The Chinese govt tends to over-react, t
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by hogFeast 5y ago
Yes, goal frequency is 75-85% in professional play. Amazing but it shows how much skill takers have (players like Baines, Henry, and more recently Fernandes are over 90%...which is just crazy).
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by hogFeast 5y ago
Yes, and I am saying no-one has reactions that fast. Professionals hit the ball 70-80mph...up the chain someone said that keepers should just wait and see where it is going: this isn't humanly possible, there isn't enough time. Wh
345.
by hogFeast 5y ago
Welcome to HN. You see these kind of posts on every topic (I have had first-hand knowledge of a certain event, and you come on here and someone will tell you with authority that you are wrong...and actually X/Y/Z happened...this p
346.
by hogFeast 5y ago
You couldn't farm it three months ago. Mainnet opened in mid-March.
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by hogFeast 5y ago
Firecudas are terrible for Chia. TBW doesn't matter as much as people think. Some of the lower TBW SSDs will outlast the higher TBW ones (again, Firecuda is an example of the latter). The standard plot size uses 1.2TB of writes. You wo
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by hogFeast 5y ago
Prices fell with privatization (and efficiency went up). The ownership structure doesn't matter. The UK has lots of publicly-owned and privately-owned transport systems that work well. The problem has been management. This is unlikely
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by hogFeast 5y ago
The word is the Lindy effect.
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by hogFeast 5y ago
If you know a programming language, stuff like Wolfram (or doing it in Python/R) can really help. Stats suffers quite heavily from having to introduce some ideas, most importantly distributions, which can be tricky to intuit at first.
351.
by hogFeast 5y ago
Google for the IMF and Germany inequality. They have written several reports on this because German inequality is the main source of financial stability globally (in addition to the Netherlands, this was China a few years ago but China has
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by hogFeast 5y ago
Some people view any trade where the other side wins to any degree as exploitative. Regardless of whether they gain themselves. It is an interesting thought pattern.
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by hogFeast 5y ago
Germany...a country with one of the highest levels of wealth inequality in the world (roughly equal to the US). With median net household wealth below Greece, and one of the highest proportion of billionaires in the world. Endemic corporate
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by hogFeast 5y ago
I don't know what you mean. HFTs (and some hedge funds) trade over time horizons with no information...therefore, it is unrelated to anything I am saying (they respond to liquidity, not fundamentals). You don't understand. The rea
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by hogFeast 5y ago
It isn't priced in. Not even close. In markets with non-financial traders, by definition, everything can't be priced in (you see this in commods, forex...it is why these markets trend). Again, in most of these markets supply canno
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by hogFeast 5y ago
This isn't capitalism. The middle class has been made wealthy by the government/Fed. The government is doling out cash at a furious pace. Honestly, I have never seen the price mechanism function this badly in my investing career (
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by hogFeast 5y ago
Supply cannot respond that quickly. This will take a couple of years to run through the economy properly. Stuff like industrial metals are clearly at a fairly early stage (the issue wasn't the recovery but that the chattering classes c
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by hogFeast 5y ago
It wasn't. The 1920 price swings (larger than the Great Depression) were also largely unrelated too.
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by hogFeast 5y ago
Yes, you can use your savings. Savings are income. The only reason for savings is to consume in the future. Believing that you should have permanent savings that can't be used for consumption is just out of this world...I would speak t
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by hogFeast 5y ago
I agree. The UK has a serious problem with admin costs for these programs: UC rollout cost something like £12bn, which was a double digit fraction of the amount paid. The Tories also had an obsession with "work coaches", these con

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