hogFeast

9 ms·

31.
by hogFeast 5y ago
No, I didn't. I said execs are replaceable...and they are. If you replace Tim Cook with a ham sandwich, it will make no difference to AAPL at all. It is very rare (I have never seen it) where the SP will fall because of a CEO leaving,
32.
by hogFeast 5y ago
People who benefit from higher land prices are already taxing everyone else. Housing is the one of a few things that people have to buy. Choosing to essentially tax everyone in society to buy that product is...unthinkably stupid (a subtle e
33.
by hogFeast 5y ago
The key word there is "received". He didn't buy stock himself, he was given it, he is a wage worker. He is purely out for his own wealth. He is one of the most absurdly overpaid execs in the US. How anyone can become a billio
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by hogFeast 5y ago
I worked on the buy-side. I would make this assumption 100% of the time, 100%. Every single time I have seen a company ignore stuff like this, it has bitten them in the end. To flip this on it's head, I have also never seen a managemen
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by hogFeast 5y ago
Wait until you hear where Musk got the money to stop TSLA going bankrupt a couple of years ago (spoiler: it was the Chinese govt).
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by hogFeast 5y ago
I use wireguard/iptables for this. I have one small VPS with access to wireguard network, wireguard rule to forward certain traffic to a virtual machine running on my desktop, fairly easy to setup tbh (and I add/remove devices con
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by hogFeast 5y ago
Bloomberg had a video about this, one of their journalists wrote a book about him. The conclusion of that book was that Sarao didn't break the markets, and it was probably not necessary to throw the book at someone who was mentally dis
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by hogFeast 5y ago
Well, not anymore because it is against the law...but I think it is acknowledged that it is still going on (it is very hard to prove because you have to prove what someone's intention was when they entered the order). But the speed at
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by hogFeast 5y ago
One of the best hedges has been index puts. They are the bet that no-one wants, and they get cheaper and more effective as things get crazier. Vol has gone through the roof again so I wouldn't advocate holding them but if Vix gets down
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by hogFeast 5y ago
It depends on what terms you are getting but it is important to be clear that this is a bet on the Fed not raising rates, and I would argue that you should own linkers if you want to do this bet instead. Everything makes perfect sense when
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by hogFeast 5y ago
Inflation does enter the conversation for investors. Risk-free real rate is -450bps, equity risk premium is historically 200-300bps so implied return for SPX is -150bps. One of the arguments is that things like tech will protect value becau
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by hogFeast 5y ago
Spoofing has been going since the mid-90s with no impact to the global financial system. It was only made illegal when markets went full electronic, and large HFT firms started losing money to spoofers. The real problem with market stabilit
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by hogFeast 5y ago
Wrong. They returned the profits, and paid two fines on top of that.
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by hogFeast 5y ago
You misunderstand a lot about what went on there. One, there is no question that Sarao had nothing to do with the flash crash. The cause of the flash crash was a fund manager adding an extra zero to a trade they were making. The reason Sara
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by hogFeast 5y ago
> You have to give it to the military - they really succeed in indoctrinating their community in their success metrics. Everyone who leaves the military has a very high opinion of their peers' professionalism, dedication, and so for
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by hogFeast 5y ago
So you are saying the solution is for the EU to take an active role in the government of the Middle East and Africa? Perhaps through establishing some kind of colony? I am sure I have heard of this before. The US invested hundreds of billio
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by hogFeast 5y ago
Wow, some of this stuff is truly incredible. You have "activist groups" assisting human traffickers, that is very surprising (these groups are very suspect, the person who led one of the largest "activist group" in Calai
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by hogFeast 5y ago
This kind of thing is totally unenforceable in the UK. The corollary of clauses about side projects is that you are unable to work anywhere else whilst you are employed at the company, again totally unenforceable in the UK (the case law aga
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by hogFeast 5y ago
Right, and how do you explain what has happened in Scotland then? The SNP gave ample rope to the NHS, and they promptly hung themselves with it. I agree there are structural issues but those aren't separable from the funding issues. A
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by hogFeast 5y ago
I don't think you need to outline a number in advance (if you are familiar with the UK's response, one very big problem has been that forecasts of deaths has consistently undershot estimates even when England wasn't in lockdo
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by hogFeast 5y ago
And lockdowns can cause mortality too. In England, the waiting list for operations (these are procedures that a doctor has determined are required medically, some are elective but England doesn't do many electives because of cost) is e
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by hogFeast 5y ago
It is worth remembering the "let people get on with it and they will work out" viewpoint within Europe was widely discredited by April 2020 (and ignoring the fact it worked in countries like Japan that have quite significant const
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by hogFeast 5y ago
Would love to see stats on what parts of society this is going to impact? In the UK, the govt would have had to produce stats on the impact on minority groups. Based on what is happening on other countries, this looks like an outright assau
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by hogFeast 5y ago
I would consider why someone is doing something. Try to put yourself in their shoes. Would you post what time you worked out everyday? Would you post how many hours you worked today? Would you post how many calories you ate today? There is
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by hogFeast 5y ago
Ron Durkle isn't unidentified, it is Ron Burkle. EDIT: Another one is Jimmy cayne, he was CEO of Bear Stearns.
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by hogFeast 5y ago
A psychologist would have a field day with that.
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by hogFeast 5y ago
It is easy to pigeon-hole because conservative writers were writing about this kind of thing before Marx (about five decades before in fact, this is a slightly complex point because politics then wasn't so linear but a lot of the criti
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by hogFeast 5y ago
> What matters is the kinds of jobs and how much of the pie is being distributed, a fact completely left out of their article. Again, this is not left out. This point is explicitly mentioned. > Do conservatives care about have an econ
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by hogFeast 5y ago
The other reply explained this but imagine you bought a soda, and you drank it and it turned out to be rat piss. You call up the company: my soda was full of rat piss. Their reply: "Oh yes, we sell lots of sodas, you couldn't poss
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by hogFeast 5y ago
Describing your recruiting process as a random variable...wut? Does the hiring manager make decisions randomly? Someone calls up, the hiring manager gets out the lucky 8-ball, and it comes out "give a 29th percentile recruiting intervi

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