pembrook

42 ms·

751.
by pembrook 2y ago
> Have you considered that the sour grapes attitude actually comes from an understanding of the world I would argue the opposite. Often the comments that OP is describing are people who have very little knowledge of the topic at hand,
752.
by pembrook 2y ago
One can argue this, but they would be incorrect. Bolshevism and Fascism were both about hyper centralized governance. Essentially they were an extension of European monarchy. Free markets (“unfettered rabid capitalism”) is about decentraliz
753.
by pembrook 2y ago
Just search “software companies ranked by total revenue” and pick the ones that are exclusively Enterprise or Government focused (eg. Oracle, Palantir, SAP, Any ERP in general, etc). Those will be the most expensive software products you ca
754.
by pembrook 2y ago
No, what's humorous is your insulting tone when you apparently do this for a living but are the one who is misinformed. Just one example: the Net Investment Income Tax (1), which has been ruled in court to not qualify for the foreign t
755.
by pembrook 2y ago
You clearly haven’t dealt with many of the edge cases then. If you make over $150k as an expat and have a non-American spouse (MFS, as many expats do) you’re looking at roughly $1-$5k in extra taxes that don’t qualify for the Foreign Tax Cr
756.
by pembrook 2y ago
Market cap is the theoretical value of all the company’s future growth/cash flows brought forward to today. It’s speculative, and fluctuates with the stock price. Tax bills have to be paid in cash, not stock. A better analogy is to sim
757.
by pembrook 2y ago
While I get the cynicism (and yes, there is certainly some dumb money involved), it’s important to remember that every tech company that’s delivered 1000X returns was also seen as ridiculously overhyped/overvalued in its early days. Ev
758.
by pembrook 2y ago
While this is the “armchair internet commenter” narrative I was talking about that everybody has parroted going back to the news group days, it just isn’t true. Do you actually believe everyone in the entire field of economics believes peop
759.
by pembrook 2y ago
It may surprise you to learn that these obvious ideas are older than you think. Wikipedia it. In fact, one of the main errors in Karl Marx’s theories from the mid-1800s was the belief that markets were perfectly efficient. He thought profit
760.
by pembrook 2y ago
Maybe this is a revelation to…someone? I don’t know why Eugene Fama saying this in 2024 is considered news. The guys entire body of research since the 1960s is about market inefficiencies. Amazing that 100 years later we’re still unable to
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by pembrook 2y ago
If it means I don’t have to carry around a wad of bills in a gold money clip and hand them out like I’m John Gotti, then yes, Visa did give me exceptional service.
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by pembrook 2y ago
Cool spreadsheet. Another one to add to the list is Audienceful, my favorite writing experience by far of any email tool. Seems like we have similar taste, I’ve been pretty turned off by all the growth-hacky, get-rich-quick vibes of a lot o
763.
by pembrook 2y ago
US companies literally cannot abide by EU laws, because they are subject to US laws, which conflict with EU laws. This is what all these European judgements are disagreeing with. The companies are not at fault here. The governments are at f
764.
by pembrook 2y ago
Exactly, compliance is currently impossible since this is a geopolitical spat between the US and EU over US law. The goalposts on this move every 6 months, so the fines are easy money for the EU. The companies are just collateral damage. Fo
765.
by pembrook 2y ago
I have soberly explained the actual situation to you. I know it’s impossible to have a rational conversation about privacy on HN and my comments go against the narrative everyone has stuck in their heads here, but I urge you to look further
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by pembrook 2y ago
There is no actual OR theoretical harm from the companies. Only theoretical harm in the event the US government decides to spy on an EU citizen. The correct analogy: “There’s cannibals in both countries governments. Country A claims Uber ha
767.
by pembrook 2y ago
> It's all very myopic and US-centered to focus on the company's freedom to do as it pleases. The Dutch DPA is not accusing Uber of doing anything nefarious. They are mad that Uber, as an American company, can be compelled by
768.
by pembrook 2y ago
I see so many people hyping Claude Sonnet + Cursor on Twitter/X, yet in real world usage, I find it no better than GitHub Copilot (presumably GPT 4o) + VScode. Cursor offers some super marginal UX improvements over the latter (being th
769.
by pembrook 2y ago
Hate to say it, but unless this post gets traction or you have a huge social media following and can successfully go viral while calling them out — nothing will happen. Tons of Google products are going haywire right now and it’s clear nobo
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by pembrook 2y ago
I know the subtext of this comment is "European labor laws are good." But it seems you've cited an example of something ironically very anti-labor. This means your government has codified into law the false idea that all huma
771.
by pembrook 2y ago
I'm sorry, it's not that simple. Banks are run by people and they are private businesses. Humans don't follow laws like computers follow instruction, we are flawed creatures. Businesses will mitigate risks wherever possible,
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by pembrook 2y ago
You may be surprised to learn the huge role that US federal reserve policy plays in messing with the fortunes of many countries around the world. It's quite easy to argue that handing over such power to a single government is in fact a
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by pembrook 2y ago
There's not a bank on earth (that isn't headquarted in said countries) that is voluntarily sharing information with Eritrea, Myanmar, etc. I'm going to venture a wild guess: it may not be that difficult to hide assets from th
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by pembrook 2y ago
It doesn't really matter because, as the dominant world power and arbiter of the world's currency, the US can invent legal grounds to do pretty much anything to anyone. The US government is so powerful, they are the only country t
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by pembrook 2y ago
Yes, everybody is still super upset that Microsoft got hit by antitrust in 2001 and shifted heavily to B2B. We've really missed out on having more fantastic Microsoft software forcibly intertwined in our daily lives. I wish Microsoft o
776.
by pembrook 2y ago
This legislation is about making it easier to cancel subscription payment services, not emails. But, in my experience, after Gmail forced unsubscribe headers earlier this year in marketing emails (1-click unsubscribe is now built into gmai
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by pembrook 2y ago
This doesn’t explain Germany though, it has similar rates to the US. If the EU were so much healthier, why would this be the case?
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by pembrook 2y ago
I’m certain most people will draw the wrong conclusions from this and use it as evidence of [insert trendy boogieman]. Eg. processed food! Microplastics! Smartphones! Etc! But this says more about the economic status and healthcare systems
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by pembrook 2y ago
In actuality though, GPT would likely be correct on the democratic will of the people for the things you cited. It’s literally just the blended average of human knowledge. What’s more democratic than that? Meanwhile, it seems the bigger ris
780.
by pembrook 2y ago
Big tech PMs have been chomping at the bit to turn email from a chronological feed into a social media style algorithm for years. Nobody wants this. Most people actively hate the idea of this. But there's way more money to be made fr

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