onebaddude

10 ms·

31.
by onebaddude 13y ago
History is littered with the corpses of "investors" in various assets who bought all the way down because "this is a great opportunity!" The exponential rise is price is always accepted as "rational", but the e
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by onebaddude 13y ago
Was that supposed to be funny or insightful in some way? It seems to me it's just a wannabe-elitist mocking elitism, interspersed with some horrible jokes. "Television is also bad; perhaps not as bad as Twitter, but they both sta
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by onebaddude 13y ago
> I really do believe he thinks that quality control being supposedly better in print was actually good for the best writers. And this is exactly why I, apparently like Mr. Franzen, appreciate the "quality control" of newspape
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by onebaddude 13y ago
>An appropriate response: If what you got out of Mr. Franzen's essay was that he's a technophobe who divides the world into Mac and PCs and doesn't know what an operating system is, then yeah, appropriate response. Persona
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by onebaddude 13y ago
> The immediate conclusion that you can take from that is... Your problem is assuming there's an immediate conclusion to be drawn. Maybe you can take a step back and understand that this is a guy writing an article about some good
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by onebaddude 13y ago
> "Is he saying that sometimes he does choose what's on the bestseller list?" Is that a problem for you? Does it make your hipster friends angry? Let's see what I read from the bestseller's list this year, off
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by onebaddude 13y ago
No idea. I've asked the same question; I've read all of Gladwell's books (and essays on his site). I've enjoyed almost everything he writes. He's great at telling pop-sci stories. Most can be read in a sitting
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by onebaddude 13y ago
> What are you arguing against? He didn't say that fiction is always better than non-fiction for learning about the world. And what is the OP arguing about? Mr. Gates didn't say that non-fiction is always better for learning
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by onebaddude 13y ago
Marissa Mayer gets more media coverage than any CEO on the planet now that Steve Jobs is gone. I don't understand why. She's been CEO of Yahoo! for 18 months, and I've been compelled to visit the site exactly zero times in h
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by onebaddude 13y ago
>You could also jack a postie The level of audacity it takes to assault and rob a government employee, versus casually walking into someone's driveway and grabbing their mail are not even close. I have people delivering fliers to
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by onebaddude 13y ago
> Why bother suspiciously going door to door (where the residents would be more likely to quickly retrieve their mail anyways, instead of some common box down the street) when you can pry open a superbox and steal the mail of dozens of p
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by onebaddude 13y ago
>("in and of itself", whatever that means) It means that "debt is bad" is a ridiculous proposition. Again, debt cannot exist without an equal and off-setting asset, by definition . So, saying "there's too
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by onebaddude 13y ago
Perhaps because sensible people don't consider debt, in and of itself, a serious problem.
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by onebaddude 13y ago
> "So if I'm saving up in a deflationary currency, it's better for me to wait upgrading my computer until the day before I die, instead of doing it now?" If you're maximizing your economy, yes.
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by onebaddude 13y ago
>I think it's more a commentary on the inane comments that are being made on the issue by people who seriously have no idea on who he was and what he did but want to jump on the bandwagon of his 'celebrity' status. This wa
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by onebaddude 13y ago
As opposed to the depth of your comment.
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by onebaddude 13y ago
I'll also chime in here with a recommendation for anything Adam Curtis does. His documentaries are among the best I've seen (and he has quite a few). Most are available on Youtube (or in a torrent collection, if that's your
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by onebaddude 13y ago
>but a finite currency system... do we really expect that to be stable for 50 years No, it's deflationary. And while deflation isn't "evil" in and of itself, it causes the same problems as inflation (in reverse, obvi
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by onebaddude 13y ago
> "Due to inflation uninformed people are bullied into investing in mutual funds, stocks, housing, etc. with their savings." It's not bullying, it's the foundation of capitalism; that is putting capital to work , no
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by onebaddude 13y ago
> "The engineer says "you need to say something or people will die" but the person says "your family needs to eat"." This is the eternal moral conundrum. And the latter justification has led to some histor
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by onebaddude 13y ago
The constant flow of bitcoin articles on HN is starting to attract the delusional pumpers.
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by onebaddude 13y ago
> Kind of like a bank but not corrupt and full of banksters like the federal reserve and JP Morgan Sounds like you're very knowledgeable about the money-lending space. Where do I send my money?
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by onebaddude 13y ago
> My analysis doesn't change. My point is that these transactions (putting money in a savings account) are "trades" themselves, and all you're doing is shifting risk around. It isn't a better/worse alterna
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by onebaddude 13y ago
> there are many millionaries now that only bought a few thousands worth of it a few years back. Only by selling to people who, at least in my opinion, are likely to lose their shirts. Besides, BitCoin isn't unique in the "If I
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by onebaddude 13y ago
> "If you think of the market as a "random walk" (a well defined mathematical concept)" Random walk with a drift is how the trend is described.
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by onebaddude 13y ago
> "I made 4x on TSLA earlier this year" This implies that you made the round trip (ie bought and sold). If not, you've made exactly zero. So what was it that you saw, that institutional investors missed, that caused you
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by onebaddude 13y ago
> and right now the market is substantially above mean In what sense is it "substantially" above mean?
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by onebaddude 13y ago
> buying part of a debt and getting the return on it isn't a bad way to fund stuff " Receiving dividends isn't buying part of a debt; it's receiving your share of the profits of the company due to ownership. > wh
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by onebaddude 13y ago
> And gasoline-powered vehicles of all sorts catch on fire all the time in collisions Gasoline cars do not "catch on fire all the time in collisions". Not remotely. It's unlikely the Teslas do, either. But Tesla's
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by onebaddude 13y ago
>We live in something very close to a free market. Hiring and firing is more difficult than you imagine, I think, due to transaction costs and emotional/social barriers. I've read theories that suggest that unemployment and lab

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