lesam

9 ms·

61.
by lesam 4y ago
How would you hedge interest rate risk on trillions of dollars in US treasuries? Who takes the other side of that trade, and why? I don’t think that sort of hedge exists.
62.
by lesam 4y ago
Creditors definitely do lose money when they price debt at 2% but inflation runs at 7%. Talking about mortgages misses the larger fixed rate bond market (government and company long term debt).
63.
by lesam 4y ago
Who pays for security for the room with the dollars?
64.
by lesam 4y ago
There are lots of examples of encroachments on freedom to avoid the spread of bad tech - e.g. limits on purchasing cough syrup to avoid producing crystal meth, or limits on uses of nuclear power to try to avoid nuclear weapons. I don’t buy
65.
by lesam 4y ago
Not quite the same - pre-pill, Musk did not have funding lined up. Post pill, he produced written documents about how he was going to fund the buyout, and had to promise to buy all the shares, not just the first 51%.
66.
by lesam 4y ago
Especially since the argument seems to be that ‘elites’ actually live by one set of (good) values while somehow imposing ‘bad’ values or expectations on the lower classes. How exactly are these bad values communicated from the elites if the
67.
by lesam 5y ago
That sounds like a business opportunity for a service provider specializing in packet filtering.
68.
by lesam 5y ago
IMO a core feature of the terminal is that it has a chat program that costs 20K per year to get on. That’s a pretty great filter for figuring out if someone is worth talking to about a 10MM dollar trade.
69.
by lesam 5y ago
I love Nova Scotia’s standard rental terms, with generous term for tenants: > Use these forms to show the terms that must be part of any lease signed in Nova Scotia. The lease a landlord uses may look different, but must contain all the
70.
by lesam 5y ago
Re: the house, no, most people don’t sit and read it: https://themortgagereports.com/39671/home-closing-what-you-n... . Even professional investors with millions of dollars of investments don’t appear to read or negoti
71.
by lesam 5y ago
Not just law students, but junior lawyers, in the Weinstein example.
72.
by lesam 5y ago
I think the problem with innovation is more the incentive structure. There are too many people trying to p-hack stuff that just doesn’t work well and spin it to get the next grant, and not enough people actually breaking new ground.
73.
by lesam 5y ago
They shouldn’t be teaching undergrads. They should be teaching a few grad students.
74.
by lesam 5y ago
Also: “my work was extremely valuable to a group of academics, but not worth publishing.” What?
75.
by lesam 5y ago
NYC taking 17 years to build 3 subway stops doesn’t sound broken?
76.
by lesam 5y ago
You could reconcile it by believing that people just don’t understand percentages.
77.
by lesam 5y ago
It's interesting that the article specifically mentions the go formatter, but fails to notice that the go formatter sidesteps this problem entirely by not setting a line length constraint: https://news.ycombinator.com/i
78.
by lesam 5y ago
The StackOverflow datacenter is famously tiny - like, 10 Windows servers. So even if the rest of the internet goes down hopefully they stay up. They might have to rebuild the internet out from their server room though.