jartelt

31 ms·

241.
by jartelt 9y ago
Do we know if she was rich before? Maybe she was able to cash out a lot of her shares during some of the financing rounds, but she also could have just been "rich" on paper by owning many Theranos shares. If she was rich by virt
242.
by jartelt 9y ago
If I give you money to invest in Alphabet stock and you instead invest it in lottery tickets, that seems like theft to me regardless of whether the lottery tickets pay off or not.
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by jartelt 9y ago
Yea, I get the analogy they were making, I just was pointing out that it's not totally correct. The police are not going to give you an award if you show a picture of weed in the house. They would need to see the weed in the house an
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by jartelt 9y ago
If a plumber wanted to plant weed in your house (to get a reward like that proposed above), they would need to acquire the weed. It only makes sense to acquire the weed if the price to acquire is less than the reward. It doesn't matte
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by jartelt 9y ago
The plumber wouldn't get to keep the weed. The police would take that as evidence. This is why the reward would need to be higher than the price of the weed.
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by jartelt 9y ago
You can't easily go buy a fraction of every stock in the S&P 500 whereas I can easily go buy a fraction of the coins in the Coinbase index. This means it is easy for me to go turn $100 into a market cap weighted index of the 4 coi
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by jartelt 9y ago
Great interface, but I would find it more useful I could pick an estimate rate of return for my investments and choose the rate of inflation. It's also be useful for there to be a "max out 401k" button for how much I want to
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by jartelt 9y ago
It's not ALL luck. It's just that luck can push you over the edge towards success. If you and an equally qualified person interview for the same position, the person that gets the position may just be the person who happened to
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by jartelt 9y ago
Agreed - I was simply stating that the act of getting an MRI does not cause harm, whereas some other tests (CT scans, X-rays, etc.) actually cause harm during the course of the test. I certainly would not recommend healthy people to get MR
250.
by jartelt 9y ago
MRIs should be safe. It's the unnecessary CT scans you want to avoid. Those blast you with x-rays and increase your risk of cancer by a non-negligible amount.
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by jartelt 9y ago
That is one. Here are a couple others: https://www.bloomberg.com/view/articles/2018-02-20/trading-i... https://www.bloomberg.com/view/articles/2018-01-04/spotify-s... https:&
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by jartelt 9y ago
Some reports put the post-money valuation after the Series C at $700M. For this round, the pre-money is reported to be $865M and post-money is $1.4B. If I had a 1% stake in DoorDash after the Series C, it was worth $7M ($700M * 1%). Assum
253.
by jartelt 9y ago
Matt Levine has written about the Spotify direct listing in a few of his Money Stuff columns. Overall he seems to think it will be a really interesting experiment given that no one is sure how it will play out. Another point he makes is t
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by jartelt 9y ago
More EVs certainly provides more electricity demand. Increasing demand could increase prices, but also would increase the incentive for building out more solar and wind (which have low fixed costs and now provide electricity at rates lower
255.
by jartelt 9y ago
It is also easy to get irked when people are seemingly unwilling to do any digging or reverse engineering on their own and go straight to asking for help. Allowing someone to search for an answer for several hours may seem like a waste of
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by jartelt 9y ago
A lot of the coal plants that have shut down were not competitive on a cost basis (i.e. they were losing money because they were selling electricity for less than it cost them to make it). Churning out more expensive power would not make t
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by jartelt 9y ago
Assuming the IPO goes well they should get applause because YC and employees will get liquidity. That said, if the IPO is priced low, employees and some investors may not get a large windfall and may not celebrating too much (kind of like
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by jartelt 9y ago
Yes, more housing of any type will help! But, it seems like developers are only building high end housing, which means only units priced at the very top of the market are added. It would be great if developers built normal apartments that
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by jartelt 9y ago
If you voluntarily go out of network for non-emergency care, then yes, you pay a ton. If you have an emergency and go to an out of network ER, that is still covered (at least for plans purchased on CoveredCA) because of provisions in the A
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by jartelt 9y ago
That could be a solution, but many startups will balk at your ask for full cash compensation and say you need some equity to "have skin in the game and to show you believe in the company."
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by jartelt 9y ago
By your logic, Sessions should be directing police officers everywhere to harshly enforce all traffic signs, to harshly enforce jay walking laws, and to go bust every small poker game for illegal gambling. Enforcing all our laws with equal
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by jartelt 9y ago
I imagine that farmers' high rate of gun ownership and social isolation are the big factors. It's pretty well documented that people with guns are more likely to successfully take their lives when compared to suicidal people who
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by jartelt 9y ago
I do not believe anyone knows conclusively whether getting rid of those deductions will increase or decrease real estate prices. If the benefit of the deductions was already built in to the price of real estate, prices should come down if
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by jartelt 9y ago
Totally agree. If they want to do so, I would certainly recommend a young person get a degree regardless of whether it is STEM or not. I just wouldn't give someone a huge loan to study a low earning major at a expensive private colle
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by jartelt 9y ago
Actually, I do think the bill is bad and would not vote to pass it if I was in the position to do so. I think the benefits are skewed way too far in favor of wealthy individuals and corporations and the cuts will not be paid for by growth.
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by jartelt 9y ago
Why should you get to make all those deductions in the first place? Just because you bought an expensive house doesn't mean you should pay that much less tax than a renter living in the same county as you.
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by jartelt 9y ago
Overall this bill seems really, really bad and poorly implemented (and costly). But as a renter in the bay area, I do like that increasing the standard deduction and reducing some of the other popular deductions will decrease the large tax
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by jartelt 9y ago
If the word "loan" is in the name of the financial product, you are expected to repay. At some point we need to be upfront with high school graduate and tell them it is a bad idea to go study art history at a $40k a year no-name
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by jartelt 9y ago
The article does compare them (albeit without much detail). “Delinquency rates on student loans are much higher than those on auto loans or mortgages, due to loose student loan underwriting standards, the unsecured nature of student debt, a
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by jartelt 9y ago
The University of Wisconsin at Madison has been largely targeted by Governor Scott Walker. He has made large cuts to the budget, had tried to remove professor tenure, and has more or less filled the Board of Regents with his political frie

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