kpommerenke

15 ms·

31.
by kpommerenke 6y ago
Parent says "the free market should have squeezed profits to zero." Theory says that the free market should squeeze economic profits (not accounting profits) to zero. That has already happened: $500,000 (annual revenue for 2 peopl
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by kpommerenke 6y ago
This page shows a nice chart of the GNU/Linux evolution: http://futurist.se/gldt/wp-content/uploads/11.10/gldt1110.sv...
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by kpommerenke 7y ago
Yes, but no one claims that the market is strong form efficient. The question is rather whether the U.S. stock and bond markets are weak form (prices include all past trading data) or semi-strong form efficient (prices include all publicly
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by kpommerenke 7y ago
Well, there are (small) inefficiencies for everyone to exploit. For example, a stock is mispriced and you expect it to return an additional 1% when the mispricing disappears. The difference between an institutional investor and a retail inv
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by kpommerenke 7y ago
As industrialized countries age, there will be relative more people in retirement compared to people in their working years. As a result, the money being pulled out of the stock market will grow relative to the money being put into the mark
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by kpommerenke 7y ago
Do you mean that Tesla is a higher beta stock? According to Yahoo Finance, its beta is actually only 0.33. Source: https://finance.yahoo.com/quote/TSLA/key-statistics?p=TSLA
37.
by kpommerenke 7y ago
If you register your LLC in a different state from where you live, you need to hire a Registered Agent in that state for legal reasons, which adds a bit of cost (about $100-200 per year) and some complexity.
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by kpommerenke 7y ago
Germany has a population of 80 million people. The largest US state is California with 40 million people.
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by kpommerenke 8y ago
Not true: Corruption: The USA ranks 16th (1 is best) out of 180 countries according to Transparency International: https://www.transparency.org/news/feature/corruption_percept... Free speech: If anything, there is
40.
A new startup is disrupting the piggy bank with a cryptocurrency wallet for kids(qz.com)
1 points by kpommerenke 8y ago|0 comments
41.
by kpommerenke 9y ago
Flagging this article because you disagree with the data presented or its conclusion seems to violate the spirit of Hacker News.
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by kpommerenke 9y ago
It is not really surprising that a large group of hedge funds underperformed the S&P500. In fact, William Sharpe made the argument a long time ago: in aggregate, active investors hold the passive portfolio and earn the same return as pa
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by kpommerenke 9y ago
Any investment in the S&P500 that was as leveraged as the mentioned leveraged real estate or bond funds would have outperformed both the S&P500 and those two funds. It is easy (though not usually prudent) to create a leveraged inves
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by kpommerenke 9y ago
Parent says "Pensions are a Ponzi scheme, don't fall for it." While public pensions like social security have certain features of a Ponzi scheme, they can be sustainable forever, unlike other Ponzi schemes. In fact, they can
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by kpommerenke 9y ago
The fundamental value of $1 is $1, since it allows you to pay off $1 of your tax liability to the U.S. government.
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by kpommerenke 9y ago
Not true: the general trend is that later generations are richer than earlier generations. Just compare yourself to the average person in your country 100 years ago.
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by kpommerenke 9y ago
59% of eligible voters voted ( http://www.electproject.org/2016g ). Not great, but much more than 1/3.
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by kpommerenke 9y ago
There's a South Park episode using that meme: https://www.youtube.com/watch?v=tO5sxLapAts
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by kpommerenke 9y ago
Paul Graham called it "playing house." http://www.paulgraham.com/before.html
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How to Get a Job at Pixar(edsurge.com)
1 points by kpommerenke 11y ago|0 comments
51.
by kpommerenke 11y ago
This is an invalid comparison: the US government, unlike the Stasi, doesn't pay your neighbors to spy on you, doesn't interrogate your wife and children about you, doesn't bug your home without a good reason, and doesn't
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by kpommerenke 12y ago
Ideas that you keep in your head and don't execute on are like brain crack: https://www.youtube.com/watch?v=0sHCQWjTrJ8
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by kpommerenke 12y ago
I got a call that I'd be audited, and the letter only arrived a few days later.
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by kpommerenke 12y ago
No, it's not necessarily true for a currency backed by a state, since the state can force you to pay taxes in that currency, thus creating demand for the currency and underpinning its value.
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by kpommerenke 12y ago
A market is weak-form efficient if you cannot use past share prices to predict the direction of future price changes. Or in other words, if you can't use past returns to predict future returns. There's no delusion.
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by kpommerenke 12y ago
Same here: all quotes I got are 70% to 110% more expensive than my current carrier, while excluding uninsured motorist coverage. Doesn't seem like a good selection of participating carriers.
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Comcast.com broken for a week (no upgrades possible for existing customers)(comcast.com)
1 points by kpommerenke 12y ago|0 comments
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PM Punx:Practical Rebellion for Product Managers(medium.com)
1 points by kpommerenke 12y ago|0 comments
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by kpommerenke 12y ago
Your statement "Google can't be allowed to copy the content or parts of it without permission of the creator" doesn't take into account that "Publishers can choose whether or not they want their articles to appear i
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by kpommerenke 12y ago
If you don't want to worry about losing your data in the future, try Chronicle of Life. As a non-profit with an endowment fund, we're probably the safest guardian of your data. You can already get a daily reminder email and hit re

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