jordanb

24 ms·

541.
by jordanb 2y ago
It seems like Tesla has gone from being a hype-based stock to being a hopium-based stock.
542.
by jordanb 2y ago
> Warren Buffet got rich by doing this repeatedly. Warren Buffet would insist that he's not in private equity because Berkshire's stock is publicly traded and there's no lockup. He has publicly stated that he thinks being
543.
by jordanb 2y ago
Banks want to keep working with PE because banks have a lot of M&A business, and PE firms are the high-dealflow clients of their M&A arm. If Elliot (to pick a vulture at random) hires you to do mergers they're going to expect y
544.
by jordanb 2y ago
That's basically what Obama did with Bush, Iraq and the GFC. I remember him claiming that a bunch of investigations would bog down his agenda. There was also this take from the "institutionalists" that a compact to not invest
545.
by jordanb 2y ago
> they didn't have any in stock other than some crummy cardboard sticks version Private Equity hates inventory. Their first trick in buying a retail business is slashing in-store inventory. They also treat suppliers like dogshit, pl
546.
by jordanb 2y ago
> end up with the most track they can run for the least money ITYM "least track?" The railraods are all obsessed with this metric called "capital ratio" which is the revenue intensity of their equipment. Most of corpo
547.
by jordanb 2y ago
Another "fun" thing about that movie is you see the HR lady who delivered the news with a bunch of false empathy walking out the building with a box in a later scene.
548.
by jordanb 2y ago
> hackers being outlaws That gives them too much credit. "Outlaws" are folk heroes. Robin Hood was an outlaw, Bonnie and Clyde were outlaws. Luigi is an outlaw. Nobody's going to be telling fables about the exploits of Sam
549.
by jordanb 2y ago
The US was not an export-focused economy in the 50s and 60s. In fact trade as a percent of GDP bottomed out in those decades. Arguing that the prosperity for the average person was only "sustainable" in an environment where there
550.
by jordanb 2y ago
This is it. The value of Tesla is now the bet that Musk can just straight up transfer arbitrary amounts of wealth to himself. They have no believable product vision, they have no moat beyond vindictive federal policy against their competito
551.
by jordanb 2y ago
The best and the brightest.
552.
by jordanb 2y ago
It's not. Rather it's that every observer in the universe is at the center of their own light cone. The fact that we can not observe anything outside our light cone is well understood.
553.
by jordanb 2y ago
Her father was the original party leader and she was vastly more successful as a leader than him.
554.
by jordanb 2y ago
This has been going on for decades. Any adult in Tesla management should have known that the chances of this happening were 100%.
555.
by jordanb 2y ago
I'm not sure if there's been a lag for a while. I think there's an oversupply now of all Tesla models including Cybertruck.
556.
by jordanb 2y ago
50% reduction in the number of observations is a big deal.
557.
by jordanb 2y ago
If the Wilkes Land formation is an impact crater (not proven) it's 2x the size of Chicxulub. You don't need any vulcanization in Siberia to explain a mass extinction. But it's not proven to be an impact crater, nor is its age
558.
by jordanb 2y ago
Not sure about clay I haven't heard anything about that. If it formed in large quantities at that time it should still be in sediments. The ocean was acidic and anoxic and that was likely a cause of the extinction. There definitely was
559.
by jordanb 2y ago
Scientists are aware and account for that. One way they do that is by focusing not on megafauna but on creatures that exist in immense numbers in a biosphere like insects or even smaller creatures. They also look at pollen and other biologi
560.
by jordanb 2y ago
His point was people should be more interested in the early Triassic.
561.
by jordanb 2y ago
I'm massively summarizing the book but he talks a lot about the history of the timeline for end-Permian. At the time of writing of the book it was "less than 60k years" which seems like a long time, but when the extinction wa
562.
by jordanb 2y ago
> associated with the Wilkes Land Crater impactor Erwin discusses that theory but doesn't agree with it. In any case, 1) there are other mass dyings that are definately not impactors like the oxygen crisis. 2) there are other basalt
563.
by jordanb 2y ago
A while back I read a book called Extinction by Douglas H. Erwin. It was a history of the end-Permian event. There were a few interesting takeaways: 1) When people started realizing that these dieoffs happened there was a belief that ther
564.
by jordanb 2y ago
Counterpoint: Zelenski is a short guy and I don't think it hurts his image. He comes off as something of a bulldog. The fact that he's fit helps a lot mostly he's good at using what he has and crafting an image off of that, r
565.
by jordanb 2y ago
They're paying mostly for Wiz's customer book, who they will quickly alienate and drive to competitors.
566.
by jordanb 2y ago
Turns out McKinsey is really bad at business and letting a McKinsey ghoul run your company is a good way to run it into the ground.
567.
by jordanb 2y ago
Maturity is definitely an issue. If you listen to what the industry is selling these days it's pretty much just AI. Before that it was DeFi and VR. There hasn't been a new smartphone since.. the smartphone. I have more thoughts he
568.
by jordanb 2y ago
I hear a lot of static about this on hacker news and nowhere else. I work for a large company and we were already capitalizing the time we spent developing software. From an accounting perspective it makes sense that software development ef
569.
by jordanb 2y ago
> Everyone I know on Medicare does not like it and would prefer something else. I have UnitedHealtcare through my employer. I don't like it and would prefer something else.
570.
by jordanb 2y ago
Obama started from the idea that the private insurance industry would continue to exist (and grow!) and therefore anything that would eat into their business was out. Medicaid expansion was allowed only because it was insuring people the

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