pembrook

16 ms·

241.
by pembrook 7mo ago
Yes, when you correct a mispricing in markets that is a valuable service and you tend to get paid in proportion to the mispricing you correct (this is why markets work so well, they provide dynamic incentives in a decentralized way). In cas
242.
by pembrook 7mo ago
Milliseconds? Any overnight mispricing is going to become an arbitrage opportunity for market makers, hedge funds, and HFT firms...whom will then compete with each other to mine that arbitrage opportunity until profits go to zero, solving t
243.
by pembrook 7mo ago
Yes, objectively Airpods Pro audio quality is not good if you're comparing it to a high-end IEM setup that uses multiple driver types, balanced armatures, electrostatics, etc. Also the tuning on the 3 vs. the 2 is worse. Airpods Pro ha
244.
by pembrook 7mo ago
Yes, beta is the overwhelming source of returns. I was referring to factors in the sense of the University of Chicago research on market inefficiencies (where momentum is the strongest factor for inefficiency). If you buy a “factor-weighted
245.
by pembrook 7mo ago
It is absolutely possible (and even likely!) that a bad PE fund was the cause of the issue you're talking about. But there is also a media hysteria around PE, and a lack of understanding among the general public of what it is. It'
246.
by pembrook 7mo ago
So yes, PE funds are probably overvalued right now and there are a lot of PE funds getting rich off management fees while not providing promised returns...but this comment is so wrong I don't know where to begin. First, VC stands for
247.
by pembrook 7mo ago
The point is that we don't need an equivalent number of nodes (agents) as we needed people. The computer flattened the coordination dependencies of that room full of people by doing all the calculations by itself. As they get smarter,
248.
by pembrook 7mo ago
The coordination problem absolutely can be escaped with technology, hence why productivity gains exist and why the economy grows and isn't a fixed pie over time. Here's an easy non-AI example: In the past, a 'computer' w
249.
by pembrook 7mo ago
The problem with human labor is that, as an organization scales, the amount of work any individual in the system can do shrinks due to the coordination problem. Coordination consumes a larger and larger amount of employee time to the point
250.
by pembrook 7mo ago
Real estate and energy prices are both two sides of the same coin and included in the cost of living...if you aren't aware? Also, both of these problems are caused by the same thing: NIMBY-ism. Modern western governments generally hate
251.
by pembrook 7mo ago
I’d make the choice to live in modern China instead of the GDR under the stasi every single time, without hesitation.
252.
by pembrook 7mo ago
Do you realize that prior to drones, we would just carpet bomb entire cities? Collateral damage would be the entirety of the city itself and a huge percentage of the people in it, not just a wedding party. Also, China is doing mass surveill
253.
by pembrook 7mo ago
Anyone who leaves OpenAI is also signing the death warrant of countless young soldiers by refusing to help build the technology to help remove humans from old school combat. The current state of affairs of modern warfare is: lots of deat
254.
by pembrook 8mo ago
You have it completely backward, in fact in the culinary arts your greatness as a Chef is entirely dependent on being a manager of restaurant kitchens. You get judged on the final end product, the full dining hospitality experience, as ha
255.
by pembrook 8mo ago
More gatekeeping, more no true Scotsman fallacies, more bitter cope. You can absolutely take pride in having raised your own cows. But the guy down the street can also take pride in having cooked his own steak. In fact, the guy down the str
256.
by pembrook 8mo ago
Those are largely fiefdoms of competence and positive-sum value creation. The fortune 1000 are generally both accountable to shareholders, customers and vulnerable to attack by competition if they get too incompetent. The left-populists of
257.
by pembrook 8mo ago
So essentially, this is why the suburbs of Washington DC are among the highest income regions in the world. You don’t have to invent new technologies if you simply position yourself next to halls of power and the money printer.
258.
by pembrook 8mo ago
In my view, STEM PhDs are not members of the “elite.” Historically, in the US the elite are the managerial class, the lawyers (future politicians), and the coastal dilettantes who are already wealthy enough to major in the social sciences.
259.
by pembrook 8mo ago
Observing people from Silicon Valley discover the concepts of "brand" and "taste" is quite amusing. It's like watching a hyper-rational alien species trying to understand humans. > "Wait...So you purchased
260.
by pembrook 8mo ago
The latest research these days is that including an AGENTS.md file only makes outcomes worse with frontier models.
261.
by pembrook 8mo ago
Raycast didn't raise $10B so they clearly aren't building their own model. So this is just another Codex/Cursor/Vscode but with different branding to target MacOS apps? Is there any novel features or is it literally just
262.
by pembrook 8mo ago
I think this also looks super compelling for people who want to ditch the Macbook Pro. I'm mostly at a desk so I'd love to be able to switch to Mac Mini only when M5-M6 drops on the mini. The problem is I need a laptop for travel,
263.
by pembrook 8mo ago
You haven't been involved in a long list of public scandals because you've never done anything in your life that's publicly notable. By tricking yourself into believing you sit on a higher moral pedestal you're simply ea
264.
by pembrook 8mo ago
I used to do that when HN was a more rational, thinking-man's place years ago. It's been poisoned by the hysterical climate of US politics like everything else on the internet, so there are no thinking men left. It's a lost c
265.
by pembrook 8mo ago
That's not just powerful. It's life-affirming truth. Just tell me what you want to dive into next.
266.
by pembrook 8mo ago
The private sector is who ultimately pays for the welfare, so if you care about people you need to prioritize the health of your corporations.
267.
by pembrook 8mo ago
Hilarious. Before you posted this I actually edited my comment to remove a sentence at the end where I said "Now please proceed to call me a bootlicker while not rebutting my point." I thought it would be too flame-war-y. Guess it
268.
by pembrook 8mo ago
Ugh I wish this braindead populist 'private equity boogieman' meme that's taken ahold of reddit-types would die. No, private equity is not the reason healthcare costs in the US are out of control, you can even ask chatgpt. PE
269.
by pembrook 8mo ago
Now try to do something as simple as loading 100 video thumbnails in finder. If you’ve never used SMB on a windows machine you have no idea. On windows it feels like an extension of the local disk.
270.
by pembrook 8mo ago
Now if only we could look up everything you said in chatrooms as a 19 year old and post the most inflammatory stuff on HN. I’m sure you’ve never said anything callous or snarky, and were a bastion of morality as a teenager.

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