pg314

14 ms·

91.
by pg314 9y ago
> If you got fired from a job that had a potential $500M payday attached to it and only got a $25M severance package at the end of it, trust me, you'd be pretty bummed about it. Trust me, I wouldn't be. I pity the person who is
92.
by pg314 9y ago
> CEOs interests are aligned perfectly in this situation: increase shareholder value. That is wrong. The CEO's risk is asymmetric. Huge upside with limited downside, which encourages reckless risk taking. It is also shorter term (un
93.
by pg314 9y ago
> - Had the company declined, the CEO would have gotten all the blame and been crucified. Can't give blame if you can't also give credit. He was making 10+ million dollars a year already [1], which he would have been able to ke
94.
by pg314 9y ago
> This is clearly false - wealthy people don't keep mountains of cash lying around as they would miss out on the growth in bull markets, and as a result their wealth would decrease relative to their peers. Some wealthy people do. E.
95.
by pg314 9y ago
Can you point to any successful lawsuits that argue that companies have a fiduciary duty to maximize profits?
96.
by pg314 9y ago
> So, maximizing return on their capital and labor is not based on some "mistaken belief", it is a basic existential requirement. That is wrong. The existential requirement is to not lose more money over the lifetime of the cor
97.
by pg314 9y ago
The number of columns in PostgreSQL is limited to 250-1600 [1] since a tuple (a row) can't span more than one page of memory. Since O-notation talks about asymptotic behavior, it doesn't really apply here. But yes, tables with mor
98.
by pg314 9y ago
> anti-biotic resistant viruses Antibiotics lead to resistant bacteria, not viruses.
99.
by pg314 9y ago
> It was pointed out by Bitcoin analyist Tone Vays the other day that such a business account should not be interest earning, as it is not supposed to be put at risk (by being lent out.) Even zero-risk loans (usually) have a non-zero ret
100.
by pg314 9y ago
Price is proportional to die size. Processing one wafer is a fixed price, so the more chips you can fit on one wafer, the cheaper each individual chip. Additionally, the number of defects is proportional to the area. The bigger your chip, t
101.
by pg314 9y ago
Incorrect. If the net present value of the future dividends exceeds the asking price by a sufficient margin of safety, I'll be happy to buy that share.
102.
by pg314 9y ago
> If nobody bought the stocks from there on out, the original sale would have no value That is wrong. The value would be the NPV of all future income from those stocks. Being able to sell them easily increases the value a bit because of
103.
by pg314 9y ago
> When someone "buys" something using debt, it must be paid for many times over. You are comparing amounts of money at different points in time without discounting them to their NPV. That is nonsensical. Ironically, if you go t
104.
by pg314 9y ago
...beats trying to time the market... If you can time the market correctly, that is obviously the optimal strategy.
105.
by pg314 9y ago
> "ending factory farming as soon as possible" equals at this moment to "killing by famine a lot of surplus humans as soon as possible". The article is talking about animal factory farming. Eliminating animal factor
106.
by pg314 9y ago
You're right, it stops some. But only a minority. > we would still need the other forms of transportation infrastructure to be able to handle the spillover that occurs when large amount of bikers don't feel like biking. Not nec
107.
by pg314 9y ago
Utilitarian bicycling is not necessarily the same as exercising hard. Most people here in Belgium cycle at about 15-20 km/h. With the added breeze it's often more comfortable to cycle than to walk if it is really hot.
108.
by pg314 9y ago
That's not true in places that have good bike infrastructure. E.g. Belgium, the Netherlands or Denmark get plenty of rain. That doesn't stop bicyclists at all. Cold and snow doesn't stop most people either. You just wear a co
109.
by pg314 9y ago
UBI is unconditional: you don't lose it if you work. That is not the case with welfare, typically.
110.
by pg314 9y ago
You assume that current remittance providers can't lower their fees. That seems dubious.
111.
by pg314 9y ago
Good point, I hadn't considered those second order effects. > There are plenty of low income workers that would quit their jobs, driving their wages up I don't think we have enough information currently to unequivocally state t
112.
by pg314 9y ago
> Implemented on a national scale, cost inflation of basic consumer needs is a near certainty. How so? Is there are large number of consumers that are currently not able to satisfy their current basic needs? Otherwise aggregate demand wi
113.
by pg314 9y ago
The primary market works in part because there is a secondary market. It would be a lot harder to raise the initial capital if the initial investors wouldn't have the prospect of unloading their shares to the public. That doesn't
114.
by pg314 9y ago
> S&P500 nets you on average a 10% annual return of investment? In the last 10 years, yes. Historically, it's been closer to 7% in real terms (adjusting for inflation). There are no guarantees that this will be the case for the
115.
by pg314 9y ago
> Try to make a chip, you'll quickly realize that your challenges will be primarily non technical in nature. I studied microelectronics. I am aware of the technical challenges. Can you explain those challenges that are primarily non
116.
by pg314 9y ago
> glacial pace and apparent allergies to innovation Glacial pace? It followed an exponential, doubling the number of transistors every 10 months for 40 years. You would be hard-pressed to come up with another field with the same pace of
117.
by pg314 9y ago
That's a simplistic view ignoring information asymmetries, externalities and natural monopolies.
118.
by pg314 9y ago
I found it much easier to completely eliminate alcohol than to reduce my consumption. You no longer have to think about it, and you're no longer tempted by 'just one more drink' (which becomes even more tempting after a coupl
119.
by pg314 9y ago
> That's exactly the same as with numpy. I'm not sure what your point is. I was replying to "there's a reason why...". You didn't specify that reason, so from the rest of your comment I took it to mean that
120.
by pg314 9y ago
Not all data is a good fit for Numpy: some data is non-numeric or not a homogenous array. > There's a reason almost all deep learning is done in python. The heavy-lifting in e.g. TensorFlow is done in C++. Bindings to Python make se

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