howlingfantods

13 ms·

91.
by howlingfantods 11y ago
I used to paint old masters portraits as a hobby (including Rembrandt). I think it's a bit disingenuous to describe this as 'painting'. On top of ma2rten's criticism that it basically photoshopped previous examples to cr
92.
by howlingfantods 11y ago
You're absolutely right that the savings on interest is post tax. However the tax deductibility of interest creates a substantial tax shield and in general, has a net positive value for the company since changing the capital structure
93.
by howlingfantods 11y ago
Also, companies that borrow money to finance stock purchases (eg Apple) also save on their taxes because interest expense on debt is tax deductible.
94.
by howlingfantods 11y ago
The thesis is that because Fidelity doesn't have full access to a company's newest finances, its valuations are largely unreliable and insubstantial. But I'd rather take the fair value valuation of a passive third party over
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by howlingfantods 11y ago
The KFC underneath my office in Shanghai doesn't even take credit card anymore. They only accept cash and WeChatPay/Alipay.
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by howlingfantods 11y ago
BTW, this warriors-jazz game is crazy right now.
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by howlingfantods 11y ago
Lacob gives himself too much credit for the fact that his injured point guard trained himself into the greatest shooter in NBA history.
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by howlingfantods 11y ago
Well to be fair, I live in Shanghai. Xiaomi's valuation is based primarily on their business prospects in China.
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by howlingfantods 11y ago
I think viewing Xiaomi purely based on its smartphone sales is a bit shortsighted. I don't own a Xiaomi phone but I do have 3 Xiaomi air filters, several smart plugs, wifi router, digital thermometer, digital scale, etc. When I buy a n
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by howlingfantods 11y ago
You do. HSBC was fined billions of dollars for money laundering. Although some argue that convictions of individuals would be better.
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by howlingfantods 11y ago
The developer of Hudson Yards has an entire office in Shanghai dedicated to selling these apartments to wealthy Chinese people. The pitch is that each apartment comes with a USA green card under the EB-5 program. Apparently they're sel
102.
by howlingfantods 11y ago
Try Headspace. I've been using it for a while and I find it helpful.
103.
by howlingfantods 11y ago
Among my group of friends, I've found that everyone's favorite Murakami book is always the first or second they read. After you read a couple, they all start sounding the same. Another angsty young man searches for a girl with ser
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by howlingfantods 11y ago
Yihao Zhuan Che is actually owned by Didi And Kuaidi, but all three are standalone apps. It's interesting how much internal cannibilization there is.
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by howlingfantods 11y ago
I use headspace every day. It's easy to follow and extremely helpful. It's a fad right now, sure, but at least it's a useful fad. Pro tip: if you VPN onto their site from a European server, you'll get the Euro prices, wh
106.
by howlingfantods 11y ago
Enterprise value (total value of sold that day) is generally only used for liquidation scenarios. Usually for a going concern, the share price is calculated as the net present value of all future cash flows (dividends or sometimes earnings
107.
by howlingfantods 11y ago
It's interesting to read the Chinese social media reactions to the stock market crash. In the beginning it was mostly hopeful mixed with a bit of schadenfreude. Then it was resigned with a lot of morbid jokes. Now, there is a degree of
108.
by howlingfantods 11y ago
In China the taxi oligopolies are very strong and the taxis are notorious for poor service. In Beijing, they come with their doors locked and roll the windows down to ask you where you want to go, to see if they feel like going in that dire
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by howlingfantods 11y ago
It's probably not gaining traction because much of Jho Low's wealth comes from (allegedly) the embezzlement and misappropriation of money from a state-funded Malaysian investment fund. Just google Jho Low and 1MDB. The case curren
110.
by howlingfantods 11y ago
I wouldn't say I'm presuming Asians are nerdier. Since I'm a nerdy Asian, I can only speak to the type of people I know. What I meant is: "if I were in school with only people who were like myself."
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by howlingfantods 11y ago
I studied at Harvard some years ago and I wholeheartedly support the holistic admissions process. Good grades are a great predictor of your ability to get good grades, not much more than that. As a nerdy Asian, if 50% of my classmates were
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by howlingfantods 11y ago
I usually just flip a coin. If I have considered a problem for a significant amount of time and still have not come to a conclusion, it probably means that the two sides of an argument probably has equal weight and it doesn't matter wh
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by howlingfantods 11y ago
It's not your job to care about the emotions or inner world of anyone around you. But you'll find that life works much better if you do.
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Ask HN: Internet without censorship?
4 points by howlingfantods 12y ago|2 comments
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by howlingfantods 12y ago
Everyone should watch Grave of the Fireflies. And then cry for a week.
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by howlingfantods 12y ago
>It's not something I ever consciously thought about I think that's the point. Perhaps it's something that you might want to think about. Institutional bias is insidious because it's so pervasive as to be normal, bana
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by howlingfantods 12y ago
Bias is perfectly rational, just like murdering your neighbor for his land. That's why we have a social contract, to prevent things that are individually rational yet socially ruinous.
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by howlingfantods 12y ago
Did you read the article? It's written by a 12 year old girl pointing out that many popular games lack an option to select a female character. Nowhere does it imply men are chauvinist pigs out to further a male-dominated agenda. The fa
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by howlingfantods 12y ago
Chinese airspace is highly regulated, especially in the cities mentioned. Theoretically, every single drone flight has to be reported and registered with multiple military and civil agencies. Enforcement is a different story.
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by howlingfantods 12y ago
I live in China. An electric scooter here is 500 USD, and that's the nice model that expatriates buy.

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