mgfist

14 ms·

211.
by mgfist 2y ago
It's a mental separation kind of thing. When I've had jobs where I work at an office, I am able to mentally leave work at work. When I've worked from home, I struggle to do that and end up thinking about work when showering o
212.
by mgfist 2y ago
It's slightly more nuanced than that, in that starliner didn't actually break down. It had some issues which presented increased risk for the astronauts, but it was still operational. If there was a true emergency on ISS, they wou
213.
by mgfist 2y ago
They meant things like bars, restaurants, sports stadiums, concerts, plays. Things that require sufficient density to make economic sense.
214.
by mgfist 2y ago
> And sometimes not even necessary. Paris Hilton got a music distribution deal overnight cause of her dad’s capital! Nepotism is a tangential point, and yes I agree that it's a bad thing. Ilya did not get this deal through nepotism,
215.
by mgfist 2y ago
Yes but a private cannot become a general without decades of experience. What we see with ilya is not dissimilar. I don't see why it's bad that people are more hesitant to give a talented 18 year old $1B than the guy who's be
216.
by mgfist 2y ago
I never understood this line of reasoning, because it presumes that everyone should have access to the same opportunities. It's clearly silly once you throw a few counter examples: should a Private in the military be able to skip the r
217.
by mgfist 2y ago
Better to compare to fossil fuels, which kill far more people and animals both directly (eg. explosions) and indirectly (emissions).
218.
by mgfist 2y ago
I don't think either of those things need to cost much. Concrete casts are totally fine for long-term containment.
219.
by mgfist 2y ago
Just another problem to be solved (and which is already in progress)
220.
by mgfist 2y ago
You say it's zero-sum then in the next sentence say "whether the money paid into Europeans now is used to prop up new generation of startups - in any meaningful way - will remain to be seen", which surely implies that it&#x27
221.
by mgfist 2y ago
Yes but that's still better than early employees who share a lot of the stress and responsibility of company building, with at best 10% of the upside, but more likely around 0.1% - 1% of the upside that the founder has.
222.
by mgfist 2y ago
Mostly agreed, but as an employee you do have some semblance of material non-public information that gives you a structural edge in assessing the stock. (This probably works better at a 1k-5k company than a Google/FB, but I can't
223.
by mgfist 2y ago
I think "wealth transfer" is a poor description. Really it's just a way to ensure they have enough money to compensate (very highly) less tenured employees, and to align incentives better (i.e. not just being paid because you
224.
by mgfist 2y ago
I think just being outside is a major health pro of electric bikes, even if you have one that doesn't require any pedaling.
225.
by mgfist 2y ago
It's tough because of how little material is out there. I will say, I thought their hypothesis on why the fees are so high was very astute. Can't know if it's true or not, but it feels very compelling.
226.
by mgfist 2y ago
The incentives at rentec favor low employee counts. The main fund is both limited to insiders and limited in total capital, so every new hire is judged by how much they can improve returns, if they cost more than they improve, than they&#x2
227.
by mgfist 2y ago
The book covers some earlier aspects of the strategy. And I think the "spirit" of the strategies exists today, though tangibly very different and not actionable.
228.
by mgfist 2y ago
The fund is closed off to outsiders, so the fees are don't matter in the same way they do for most funds. In the podcast episode on Rentec done by Acquired, the hosts speculated that rentec kept the high fees as a way to ensure they ha
229.
by mgfist 2y ago
Made the same mistake
230.
by mgfist 3y ago
Feel like I'm the only one who couldn't get through Thinking, Fast and Slow. Felt like a rambling slog, with most of the interesting bits being something that was very common sense to me.
231.
by mgfist 3y ago
Nassim Taleb's opinion of others shouldn't hold much sway - the man is a prick.
232.
by mgfist 3y ago
What I found works best for me is to read more. Reading (hard copy) trains my ability to stay focused, and it translates into my ability to focus on work. Twitter/Hackernews/Reddit are still a click away, but I just don't fie
233.
by mgfist 3y ago
You're correct on a theoretical level. But in reality these are still very real issues. You don't even have to squint - just look at the Supreme Court and Dobbs v Jackson.
234.
by mgfist 3y ago
Biden passed the most comprehensive climate law in US history. The most unbelievable part is that the law was nearly unchanged from what was written by climate experts. Usually bills start out looking good, then get frankensteined by the hu
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by mgfist 3y ago
No, I did mean to say potentially "unethical" tasks. Much of national defense is deemed "unethical" by many, yet a critical function that allows you to live a peaceful life.
236.
by mgfist 3y ago
Can't underscore how much better you sleep if you've done a good amount of physical activity. Truly nothing is better than lying down after a day of physical labor.
237.
by mgfist 3y ago
Agreed. Also, like all drugs and food in general, we all respond very differently to them, have different habits, different associations and different relationships with them. I personally had to quit alcohol, coffee and weed when I was ba
238.
by mgfist 3y ago
Posts with more than 500 upvotes are rare, therefore making them outliers.
239.
by mgfist 3y ago
What happens if you want to leave? Are you forced to liquidate your stock, and to whom? What happens if there is an underperforming worker? What happens with their ownership What if you want to divest? Not sure on any of the above, if anyon
240.
by mgfist 3y ago
Your life depends on lots of unsavory tasks.

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