hogFeast

87 ms·

691.
by hogFeast 6y ago
Wow...there is a lot unsaid here. Like Max Mosley..."former racing motor boss"...okay, that is what he is known for :) But we should probably call it what it is: corruption. For someone that is supposedly assisting the govt, they
692.
by hogFeast 6y ago
Yep, that is a fairly common misunderstanding that the general public makes (and ends up with: if I just take the opposite decision then I will make money). The main reason why 90% lose money is costs. That is it. Most people probably are o
693.
by hogFeast 6y ago
Yes. How do you think food got delivered before GrubHub? And yes, they were making money doing it. If they weren't, they would just stop doing it. These sales were also far more profitable than UberEats or whatever...which is kind of o
694.
by hogFeast 6y ago
Their business isn't food delivery but food distribution. The restaurants are paying for a spot on their webpage (some of these companies don't deliver, and charge the same price i.e. Just Eat). I think this idea does apply to any
695.
by hogFeast 6y ago
It is surprising that you think you know everything and that you actually know nothing. It is very possible to make money betting (I have been doing it for over ten years). As you won't believe me, I would do some Googling on this. One
696.
by hogFeast 6y ago
Yes, but you can be somewhat sensible. If they put up a line that is soft in an obscure event, don't hammer it with a huge stake. Put your bet on, they will move the price in after your bet. And don't try and hedge out the other s
697.
by hogFeast 6y ago
Yep, I could give you the big spiel but all I know is that: I make money betting on things that are priced poorly, I can't price something that is rigged, and people who have more money than me don't bet on sports that are known t
698.
by hogFeast 6y ago
Yes, this is occurring. But it is probably a bit less than you think. CS:GO is definitely up, FIFA is up very big (even the rigged Russian tournaments) but everything else is probably only up small because they are so hard to watch. You can
699.
by hogFeast 6y ago
It is very possible to make money betting on the obscure stuff. I am not going to say what exactly but whilst it isn't possible to get the same volume down, it is possible to have a big edge. The craziest one was an event I backed at 2
700.
by hogFeast 6y ago
Yep, I used to work in finance and I think this is a conclusion that most people have come to (although implementing it is hard given how small Bitcoin is). A few years ago, it was definitely still niche but is pretty much in the mainstream
701.
by hogFeast 6y ago
The UK has passed the point of parody. If you want to justify any action, just say something about how great the NHS is before you do it.
702.
by hogFeast 6y ago
Contact tracing isn't bullshit. It is how they dealt with sexually transmitted diseases four decades ago...it works. The issue is that the UK govt is composed of a combination of incompetent and corrupt people (one of the companies inv
703.
by hogFeast 6y ago
This reminds me of a story a friend told me: he locked himself out of his house, he calls up the emergency locksmith, locksmith takes a look, and says it will be £150. My friend (annoyed) asks what is he going to do. Locksmith pulls out a b
704.
by hogFeast 6y ago
It depends how you define almost no one. I agree almost no one is worth that much...but that was my point. There are people with hourlies in the hundreds of thousands. I wouldn't call tens of thousands particularly high. And no...that
705.
by hogFeast 6y ago
It is funny that you think you overpaid. Small company mentality. The right person's time can be worth tens of thousands per hour. The question isn't what you paid but what you got in return (most companies function by vastly over
706.
by hogFeast 6y ago
This is what retail and trading is about. Making contacts with suppliers, making contact with distributors, researching the market, trying to get credit, etc. I think people get very angry about dropshipping because there is this self-help
707.
by hogFeast 6y ago
Yes. You have to pay for insurance. And in terms of performance, you could have totally hedged out a portfolio for under 50bps (often well under) pretty much all the way through this market. Universa did this but in a more sophisticated way
708.
by hogFeast 6y ago
This is why people don't understand hedging. Some people will get it but for the majority it will never, ever compute.
709.
by hogFeast 7y ago
Haven't seen American Greed. Dirty Money is mostly terrible and fictional (I was involved in one of the stories, you had people on that program claiming they were involved who I have never heard of...Netflix docs are usually very sensa
710.
by hogFeast 7y ago
Note that I said working life. Although your comment generally is incorrect too (this isn't even worth disproving tbh, just look at survey data). The great thing about the way large corporations control Europe is that you never hear ab
711.
by hogFeast 7y ago
Countries with larger safety nets have basically similar levels of absolute poverty to the US (it is kind of tricky because most of those countries in the former are also far far smaller, and have very different population density/grow
712.
by hogFeast 7y ago
If you had gone to MIT or you were a Mechanical Engineer...you would know. I feel sorry for you...Apple...Steve Jobs...Elon Musk.
713.
by hogFeast 7y ago
Apple. MIT. Mechanical Engineer. I am not sure what is unclear. Did you know some of them studied at MIT? It is like people don't understand that MIT is elite. Do you know that MIT is elite? Did you know that being an Engineer means th
714.
by hogFeast 7y ago
Yes, the fact that the masks in questions are (it would appear) not certified as N95.
715.
by hogFeast 7y ago
That doesn't happen in hedge funds. Most large funds fire traders after the first risk limit is hit. When you are graded monthly, there is no room for error. Most of the grousing about hedge funds is because they failed to keep with th
716.
by hogFeast 7y ago
Right, and I said "in response" to the crisis not "before the crisis was over"...again, you are continuing well after the point of logic. Read. Carefully. And the key point was most certainly not the devaluation. I can o
717.
by hogFeast 7y ago
I would read what I said more carefully. I did not say that countries did not devalue.
718.
by hogFeast 7y ago
Yep, it started well before hyperinflation (and is in countries that are adjacent to Germany).
719.
by hogFeast 7y ago
Yep, it doesn't work that way. First, the US isn't a big trader relative to the size of the economy. Second, depreciation doesn't passthrough to inflation 1-to-1. Three, because of the relative size of the US economy and the
720.
by hogFeast 7y ago
...no. You are overthinking this significantly. If the USD falls 20% against the GBP or JPY or whatever...why do you care? It doesn't affect you...unless you have liabilities priced in terms of that other currency. The fall and the ris

More ›