hogFeast

97 ms·

841.
by hogFeast 7y ago
When you have a guy who works at a company wondering if his company was responsible for an election result and making LOTR references...then you know something has gone wrong. No, Facebook isn't powerful enough to sway an election (I g
842.
by hogFeast 7y ago
Yep, I would definitely disagree with you there. Tesla is all sizzle and no steak. He would make a great financial adviser or sales guy at a hedge fund...I am sure that anything else he touches would turn to shit with great rapidity.
843.
by hogFeast 7y ago
One thing that pretty much everyone underestimated here is exactly how good Musk is at finding other people to pay for stuff. The loans from the Chinese govt...insane...he found literally the only people on earth (perhaps aside from German
844.
by hogFeast 7y ago
Yep, the point as said in the original comment is that this kind of degree is usually 7k/year. 28k is the absolute max.
845.
by hogFeast 7y ago
In the UK, it is steep. Even a relatively expensive, well-known AI MSc will usually set you back at £14k over 2 years (i.e £7k/year)...this is double. Maybe this reflects that most employers really have no idea what they are doing and
846.
by hogFeast 7y ago
You can do this MSc elsewhere for way less than £14k. Is that place Imperial? No. Is that a name brand uni that someone from HR will know? No. But there are lots of good engineering-focused schools in the UK that are known within industry a
847.
by hogFeast 7y ago
First, no he isn't. Second, the book we are talking about (again) is a textbook (this view isn't remotely controversial btw - https://en.wikipedia.org/wiki/The_General_Theory_of_Employme... ). Economic Consequ
848.
by hogFeast 7y ago
One of the funniest things I have heard said about Thucydides. Were you just like: "Bro, if the Delian League could see you two now?" laughs quietly to self and walks out the room shaking head
849.
by hogFeast 7y ago
Yep, tbh it is kind of wasteful to just go into Thucydides...like you read it, and 95% of it will go over your head (that is a particularly good choice of example because it is at the nexus of sp many important subjects...if you just come i
850.
by hogFeast 7y ago
This isn't really how most people should read books. You aren't reading a book to learn arguments like a parrot. The meaning of all the books he mentions has changed over time, and you won't have the same understanding the se
851.
by hogFeast 7y ago
Most of these books are very poorly written. Smith's Wealth of Nations, as an example, is mostly very well-written and abysmally bad through the minority (Marx/Keynes probably the opposite). And meaning isn't really constant
852.
by hogFeast 7y ago
Yep, more of the usual basic errors. First, I replied to a comment. The majority of your points should be directed there. Second, your point about monopolies or why they happen is just uninteresting (the question of "always" is no
853.
by hogFeast 7y ago
That isn't right. The truth is somewhere in the middle: definitely, you see some large companies invest heavily but (more commonly) you see small firms nibble at the edges of an existing product until it is too late for the larger comp
854.
by hogFeast 7y ago
This has happened in every industry and in every time period. The mistake made in the article is that the author doesn't actually appear to realise how important this effect is (it is always amazing to me that you have all these people
855.
by hogFeast 7y ago
Don't bother. It is basically a meta-analysis. There was nothing interesting in it (just generally, this seems like a very hard area...econometrics does very well in these areas but I doubt it would ever make sense to conclude: no ince
856.
by hogFeast 7y ago
This isn't a study. The only study that the paper attempted was a narrative of Volkswagen...and, tbh, I didn't really understand that (they just looked at how many workers worked in the place that got the factory, versus second pl
857.
by hogFeast 7y ago
Because he enjoyed it, and he provided for his family. He came to this country with literally nothing (his family fled Idi Amin...so the real "nothing", not like most economic migrants today), and he sent all his kids (three) to p
858.
by hogFeast 7y ago
It is very hard for them to get loans. Paying in cash or getting vendor financing from the seller (particularly if they are extended family/kin) is common. Most migrant communities in the US (and outside) have parallel banking systems
859.
by hogFeast 7y ago
Yep, a family friend did this at a smaller scale in a similar business (not in the US). First-gen migrant, only employed other migrants from his community (usually from extended family), they worked just as hard as he did (no exaggeration:
860.
by hogFeast 7y ago
There isn't an ethnicity wage gap. If you look at data from the Low Wage Commission rather than ONS data (or indeed, any academic work on this) it is very clear (i.e. data that actually uses proper independent variables and looks at wi
861.
by hogFeast 7y ago
It most certainly is not the case for all ethnic minorities. It may seem that way but that is due to the way data is aggregated (the data on university admissions aggregates "Asian"...this is huge issue because Pakistani/Bang
862.
by hogFeast 7y ago
Funnily enough, the UK had this problem about fifteen years ago. Everyone was wringing their hands madly and talking about things like mentorship, and how the education system was inherently racist (and, unfortunately, always making implica
863.
by hogFeast 7y ago
Probably other ways to do this. RFID/GPS/something that tracks people going through a doorway...or get a better camera...I am really not sure why this needs ML though, this is not a new problem and you are taking a nuke to it when
864.
by hogFeast 7y ago
Yep, that is what everyone thinks at the top. The smart money is in cash and will buy out the "long-term/trend to infinity" crowd at the bottom.
865.
by hogFeast 7y ago
Just as the shrewd investors who have been printing cash here for decades are moving out. Always right on time.
866.
by hogFeast 7y ago
This is going to be one hell of a bear market. Can't wait.
867.
by hogFeast 7y ago
Obviously, the doctor is going to torn to shreds here...but I think this kind of misses something about medicine. You prescribe a drug, you know roughly what it does...but aren't totally sure what is going to happen when the specific p
868.
by hogFeast 7y ago
It is simple. You lower rates, and you borrow demand from the future. Well we lowered rates to zero, and started handing cash out to everyone...and now central bankers are talking about even more money...at some point, you have borrowed eve
869.
by hogFeast 7y ago
Yes, it is related to the rally (we saw this in 06/07). And the time at which jobs become scarce is the time your portfolio is down 50-60% in six months, and you are taking income from a rapidly shrinking pile. Don't risk everythi
870.
by hogFeast 7y ago
Haha, very hipster. I am sure that is popular in Brooklyn.

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