nugget

73 ms·

721.
by nugget 11y ago
As other posters have said: diversification is the only free lunch because market timing is nearly impossible. The other thing you can do is invest in yourself and increase your income earning potential (which, to me, means both the absolu
722.
by nugget 11y ago
In a 2009 bear's defense it was unprecedented Government intervention that lit the fuse under the markets and led us here. I remember reaching a point myself where I realized that policy was driving the markets more than any other fac
723.
by nugget 11y ago
If Apple had vast majority of market share, pre-installed iTunes, integrated iTunes functionality throughout the OS so that it had more intuitive prominence than other competing services, then yes, that would be close to the definition of a
724.
by nugget 11y ago
In tightly controlled ecosystems the default state is effectively what most consumers will keep and use. This is sometimes informally called the power of default. Entire billion dollar markets can rise and fall based on something as simp
725.
by nugget 11y ago
More likely mobile is headed quietly down the path of the PC - fewer generational improvements means people keep devices longer and there isn't as much of a reason to buy new hardware so sales flatline. Great business still but Wall S
726.
by nugget 11y ago
It's interesting to note that increasing inequality within the US has been a byproduct of decreasing inequality world wide, as formerly impoverished frontier economies were allowed to compete against the American lower and lower middle
727.
by nugget 11y ago
You aren't wrong. I believe in economic acceleration but there is a limit to how far you can take it, which we are now testing with ZIRP. In this case the central banks kept their feet on the gas pedals too long out of political fear
728.
by nugget 11y ago
In your description a debt created in return for consumption today and honored in the future is like a wormhole in space-time. Unlike iron or steel, personal labor is a real resource capable of time travel. A psychiatrist can work 40 hour
729.
by nugget 11y ago
The people I know with jobs that provide autonomy, respect, satisfaction of intellectual curiosity, socialization and decent compensation don't seem to want to retire at any age, and are usually forced out due to physical limitations.
730.
by nugget 11y ago
Happiness seems to derive from personal achievements. I fear we are headed towards a future wherein most people's basic needs of food, shelter, and entertainment are met but with relatively fewer opportunities to satisfy the need for
731.
by nugget 11y ago
Worse user experience in the short term but much better for everyone (except Google) in the long term as new ideas and companies have a chance to survive and grow on the platform. It's very reminiscent of Microsoft and IE.
732.
by nugget 11y ago
What cities or towns would you put at the top of this list?
733.
by nugget 11y ago
Have you tried Ubereats? Good experience with potentially interesting network effects for their business.
734.
by nugget 11y ago
Basic income. Give people the means to vote with their feet and then allow them to do so. I hope we live to see it.
735.
by nugget 11y ago
At some point in your scenario proposition 13 would be tossed out and property taxes would be hiked up which would decrease property values. The process to amend California's state constitution is relatively accessible and particularl
736.
by nugget 11y ago
Bingo. Housing and zoning laws are the definition of protecting incumbent wealth at the expense of new participants who would like to join the system.
737.
by nugget 11y ago
California officials are aware of these risks also. I give a lot of credit to Gov Brown for constantly reminding the state legislators that the good times won't last forever. The challenge with a tax system that draws so heavily from
738.
by nugget 11y ago
There is definitely a wealth transfer dynamic from blue states to red states, but keep in mind that wealth isn't the only thing needed to keep a country running and some states help in other ways. Red states, for example, send a dispr
739.
by nugget 11y ago
I don't think this is true any more. If you buy and hold index ETFs you'll outperform the majority of professional investors due to the very low expense ratios. Some people with lots of influence like Warren Buffett or David Swe
740.
by nugget 11y ago
Timing the market is usually but not always a losing strategy. The best variables to watch are the cost of renting versus the cost of owning. I remember by 2006 these costs had diverged in certain markets to the point where CAP rates were
741.
by nugget 11y ago
One of my favorite Professors once made the point that in Soviet Russia you could replace ''political power'' with ''wealth'' and it became a very similar system to the West. By law no Russians owned
742.
by nugget 11y ago
Silicon Valley schools seem to be a particular type of pressure cooker for certain types of kids. Do you notice/worry about this at all? The same could be said of high performing schools in other areas of the country too I guess, but
743.
by nugget 11y ago
Aren't most major problems also major opportunities? Has nobody started a great 24/7 food delivery service bringing overpriced food to tech workers on demand?
744.
by nugget 11y ago
The most effective way I've seen work ethic develop in a young person is by real world trial and error. You work hard in an entry level unskilled job, you are rewarded for that work, you develop something akin to self respect, pride,
745.
by nugget 11y ago
< It does not help that most politicians are from the middle upper class and own large amounts of property. Few will have the courage to devalue their own net worth by double digit percent. > This is the real reason. As I've men
746.
by nugget 11y ago
Serious question for folks here - do you believe we can successfully institute a meaningful basic income in the US with the current immigration policies? How would policies have to change given the increased incentives from UBI?
747.
by nugget 11y ago
There's no doubt that free trade is a big net positive for the US. But one of the major oversights of the last few decades of public policy is the failure to reallocate some of the net benefits of free trade more directly to the loser
748.
by nugget 11y ago
Would you be more willing to live 2 hours outside of SF if you could hop in a self-driving car 3x/week and watch a movie/surf the net during a trip into the office? That's the most exciting part of it for me.
749.
by nugget 11y ago
If I was a billionaire I think I'd create boarding schools near urban ghettos and offer pre-K through 12th grade education for free to groups of kids who would otherwise have almost no chance in life. Have the kids go home on the week
750.
by nugget 11y ago
I'm not sure what you are taking issue with. Criteo recently agreed to pay Eyeo 30% of revenue from ads that are allowed through. As a public company, they disclosed this to certain analysts and investors who follow them. Almost all

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