prklmn

12 ms·

91.
by prklmn 9y ago
If you’re talking about the US, you’re wrong in that there are capital gains taxes at 20% long term, and up to 38% short term on the sale of stock. For a real estate investment that you live in, couples do not have to pay capital gains tax
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by prklmn 9y ago
Can you point to anything in particular? I can't find any examples of them doing this recently. I saw something from 2008 but since then they have likely realized they would open themselves up to anticompetitive claims if they continue
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by prklmn 9y ago
I would say so, they are not limited to a certain amount of shelf space or square footage like grocery stores are. On average, grocery stores work much more intimately with their vendors than amazon works with theirs (or did, now that they’
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by prklmn 9y ago
Your car dealership analogy doesn’t hold any water. Amazon is an “open” marketplace with millions of products, some of which are amazon private label and compete against other third party sellers on Amazon. Amazons track record with this is
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by prklmn 9y ago
>>Network effects almost by definition often create a better user experience. For example, Facebook has a network effect in that all your friends are there. The reason that’s so powerful is you actually want to join a network where yo
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by prklmn 9y ago
>>And as soon as Amazon can make the same amount of money while employing fewer people, they will do so. Every company does. The cycle repeats, only this time more people lose and fewer people gain. Not every company does, every publ
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by prklmn 9y ago
My point is that Xiaomi phones are not popular in the US, at all. Xiaomi had zero official distribution in the US up until recently when they started selling directly on amazon. ZTE and Hauwei phones have been sold through official distribu
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by prklmn 9y ago
I’d venture to say 98% of the US population couldn’t tell you if Xiaomi was a tech company or a Chinese food dish.
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by prklmn 9y ago
And need to.
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by prklmn 9y ago
It’s a bad analogy. The better is because they don’t breath, don’t have a pulse, and don’t have human DNA, they are not really people, and should not be treated as such.
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by prklmn 9y ago
That’s because they’re not Lyft’s cars. They’re personally owned vehicles with the owner in the vehicle monitoring its condition at all times.
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by prklmn 9y ago
How much of that is simply splitting pennies and front running slower traders? Is that truely creating value? Seems like they’re siphoning value to me.
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by prklmn 9y ago
Hello 1999!
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Secret Bitcoin billionaires to renounce their US citizenship before cashing in?(blogs.harvard.edu)
37 points by prklmn 9y ago|59 comments
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by prklmn 9y ago
And too bad so sad for the rest of the world that can't operate there! Our only place in the market is to buy cheap manufactured goods :)
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by prklmn 9y ago
Bears make money. Bulls make money. Pigs get slaughtered. Best of luck to you.
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by prklmn 9y ago
It’s been a great time to buy every day since the market peaked, according to experts .
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by prklmn 9y ago
your point about needing a tech background to invest is like saying that one should have a finance background to invest in an IPO. I disagree.
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by prklmn 9y ago
>> If you want an investment you can invest, if you want insurance you can get insurance. Most people used to do both at the same time and it seemed to work pretty well before Buffett came along. And there's a good analogy to you
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by prklmn 9y ago
I was wrong, replace dividends with stock buybacks and buying up other companies, it's the same impact on the policy holder, who will still see no financial gain from holding the policy. Did you consider that some of those less fortuna
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by prklmn 9y ago
It goes beyond pricing. Mutual insurance policy owners were paid dividends based on principle investment. Berkshire pays dividends to shareholders, i.e. Warren Buffet, while policy holders get nothing but insurance coverage.
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by prklmn 9y ago
Buffet is the same guy that "fixed" other insurance markets by driving them away from mutual ownership to privately owned companies - a massive wealth transfer away from the common man. He shouldn't be commenting on tapeworms
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by prklmn 9y ago
Their losses are just write offs...until they aren't, and something major happens. Maybe it will take a company completely going out of business due to poor security standards for others to wake up.
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by prklmn 9y ago
This was quite eye-opening for me: Video Appears to Show Baltimore Police Officer Planting Drugs https://nytimes.com/2017/07/19/us/baltimore-police-video-dru...
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by prklmn 9y ago
His vision is highly dependent on levering up the company even further and selling more equity in the future. What happens when their cash flow dries up during the next recession, which by the way last happened nearly 10 years ago, and they
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by prklmn 9y ago
It’s pretty easy to argue that the CIA is the antithesis of American idealism - unelected bureaucrats doing jobs that the public has no power to hold them accountable for.
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by prklmn 9y ago
That’s true, but pumping and dumping is indeed co sidered securities fraud, so there’s an incentive not to do it in the stock market. Cryptocurrencies aren’t considered securities by definition, so it’s open season to whoever would like to
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by prklmn 9y ago
I couldn't agree more. I've heard talks that the US is heading toward a capitation style payment system. https://en.wikipedia.org/wiki/Capitation_(healthcare)
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by prklmn 9y ago
But is the high cost of those surgeries a product of the broken system? I say yes.
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by prklmn 9y ago
If nobody cares about HQ2, then why is it all over the news? You're underestimating it's reach. Even if people wouldn't normally care, they will care now because of the publicity and bidding process that has taken place. Peop

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