hogFeast

77 ms·

661.
by hogFeast 6y ago
This does not surprise me. Some CEOs are incredibly thin-skinned, they hire a bunch of people who usually got kicked out of the police after they harassed/beat someone, and then self-destruct with their own personal army when they can&
662.
by hogFeast 6y ago
Yep, but try explaining how a supposedly firm made up of "SV Ivy League geniuses" show clients that number. Things that should make sense often don't. (Just FYI, if you go on r/wallstreetbets, you will see this countless
663.
by hogFeast 6y ago
"I was shocked when I found out they average 30% returns every year across the industry" Amazing. There are some real gems here but this...I thought I was reading Reddit. Very nice. "I made nearly $400k in my final year. I wa
664.
by hogFeast 6y ago
So will this use data harvested from their malware apps (Onavo)?
665.
by hogFeast 6y ago
Wow, this is very poorly written. Even ignoring the fact that they appear to have just sourced all their info from the CMA(note below), they really need to tighten this up considerably. In particular, you cannot mix conclusions and introduc
666.
by hogFeast 6y ago
You don't. The point is to charge based on risk. There is no sense in which you can transfer gains from one set of customers to somewhere else. The profitability of any group of customers depends only on the price you charge them. And
667.
by hogFeast 6y ago
The relevant metric here is: Do you gain more in expense reduction than you lose in loss increases? By itself, the loss ratio tells you nothing because the pitch here is really that they can reduce expenses, not that they can reduce losses.
668.
by hogFeast 6y ago
Can you suggest another job where you look through other people's emails? To paraphrase a great man, you underestimate how voyeuristic other people are.
669.
by hogFeast 6y ago
It is a bit more complex than this. The salaries aren't definitely not great compared with London...but they aren't terrible outside. I think the issue is that being a "dev" in the NHS is nothing like being an actual dev
670.
by hogFeast 6y ago
The value will go up. Biggest issue with Alphabet is that it is run like a govt bureaucracy. You have one business that is very valuable, and to own that you have to pay the tax of owning all the other stuff that does nothing but burn cash
671.
by hogFeast 6y ago
2016: Facebook rigged an election. They are awful. 2020: Facebook won't rig an election. They are awful.
672.
by hogFeast 6y ago
Presumably this is legal in Poland...but the company is from the UK, this is obviously illegal in the UK, and it looks terrible. Shame. Shame. Shame. Even worse, they are a bank. Who would trust their money to people who behave this way?
673.
by hogFeast 6y ago
Ah, that is the old CCP argument. We are accountable to the people, we are a meritocracy that makes great decisions...but we won't let you vote. When people start talking a lot about control (it is kind of a tech bro meme at this point
674.
by hogFeast 6y ago
Wow. That is a really complicated way of thinking about it. Icahn had nothing to do with "loading the company with debt"...again, he didn't have a controlling stake, he didn't have a majority on the Board (iirc)...the re
675.
by hogFeast 6y ago
Almost none of these private companies are worth $35bn. I saw this in raise after raise...same VC funds that invested in previous rounds and needed to mark their book higher so they could get juicy bonuses. It is amazing anyone buys this no
676.
by hogFeast 6y ago
This site is pure gold. Gold.
677.
by hogFeast 6y ago
There is a law against this (it is called fraudulent conveyance). And most activist investors don't plan to lose all their money. I don't know where this meme comes from but investor's interests are totally aligned with the c
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by hogFeast 6y ago
That makes no sense. Look at the largest donors, unions are absolutely huge, and have a very outsized role in the US (although that isn't unusual).
679.
by hogFeast 6y ago
It isn't anywhere near complete. In the US, corporations fight with the state. In most Nordic/North European countries, corporations are the state (the history is just totally different, large corporations have run those countries
680.
by hogFeast 6y ago
How terrible the govt give you money because you earned too much?
681.
by hogFeast 6y ago
Yep, that it is typical of US economists who don't understand much about Europe (it typically doesn't extend beyond: so we can have our cake and eat it).
682.
by hogFeast 6y ago
It requires a level of corporate control over politics that just doesn't exist in the US.
683.
by hogFeast 6y ago
The US way was much smarter...although not smart either in ways. In Europe, you have companies that are functionally insolvent, that will never trade profitably again, and which are being paid not to close. I know of companies where I am th
684.
by hogFeast 6y ago
Again, it is true that they controlled world trade with a small % of their budget but they spent most of the 18/19th century subsidising other people's armies. So the reason they didn't need a gigantic military was because th
685.
by hogFeast 6y ago
Correct...in parts. Afaik, this is primarily a platform for zero-cost transactions (and if you live in an emerging market, a way to stop your govt stealing from you). But you wouldn't need to charge rates on the Libra system...you stil
686.
by hogFeast 6y ago
This was, iirc, part of the bargain that Libra struck with regulators. Turns out that people will get angry if you don't talk to regulators, they will get angry if you talk to regulators...they will get angry. I think this is a lesson
687.
by hogFeast 6y ago
Ah, I live in the UK and it is still fairly common to hear people enviously tell you how successful Cuba is (this is people of a certain age, the same people usually think China was a great success under Mao because much of the Cultural Rev
688.
by hogFeast 6y ago
The article is not good. It is not terrible either but it seems a little like the author is shoehorning in their preconceptions about what they think historians believe about China. But, there is no lack of study into China pre-Industrial R
689.
by hogFeast 6y ago
Yes, this is basically the standard reading of history around the period in question, and was a huge factor in India/China (in the mid-late 18th century, you had armies of a few thousand British/sepoys beating armies 10-20x but by
690.
by hogFeast 6y ago
Yep, this is very questionable (although is kind of typical of the 21st century business "knawledge"). First, if Rogan is doing this deal then he values himself at less than whatever they paid. I am assuming he has a fairly good u

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