reverend_gonzo

11 ms·

91.
by reverend_gonzo 8y ago
> Please come back and we can have an adult discussion. > Amazon warehouses are run like gulags. You can't have an adult discussion when coming from rhetoric like this.
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by reverend_gonzo 8y ago
> Eventually the stress came to a head and I vehemently told my boss that I thought the task I was being told to do was idiotic. I requested to go home for the day sick for mental health reasons, as I was unable to cope with the stress t
93.
by reverend_gonzo 8y ago
> But if hedge funds are trading on it, they need very low latencies? Not quite. Hedge funds aren't trading real time on this data. They use this data to essentially figure out how a business is doing before they announce that infor
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by reverend_gonzo 9y ago
Matt Taibbi should not be writing about finance at all. You want someone who actually know's what they're talking about? Read Matt Levine's writings on Bloomberg.
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by reverend_gonzo 9y ago
This is written as if the entire purpose of buying Toy R US is to drive it into the ground. Those buying it, and those providing the loans to buy it, lost a lot of money on a bet that they could turn it around. They lost the bet, and so be
96.
by reverend_gonzo 9y ago
I highly recommend reading Nothing To Envy by Barbara Dendrick, which is about six people who escaped from North Korea. It was a very interesting, though sad, book, as was the AMA she did on Reddit a few years ago. It would be great to see
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by reverend_gonzo 9y ago
> former CFO Laurence Tosi, who had previously worked Blackstone Group as CFO, took Airbnb’s cash flow and created an internal hedge fund. > According to Bloomberg, Tosi “quietly built a hedge fund within the company’s finance departm
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by reverend_gonzo 9y ago
If, as you say, the majority of bitcoin is owned by very few people, that market is cornered and you shouldn't touch it with a ten foot pole.
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by reverend_gonzo 9y ago
Or it goes to zero. I am not against bitcoin. I have a bunch of Bitcoin. But buying bitcoin is strictly a speculative play. It is. It is not an investment: it is not a store of value. Nobody knows know what will happen ten years from. But w
100.
by reverend_gonzo 9y ago
Bitcoin as a secure and stable asset? Maybe in the far future, but not even remotely now.
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by reverend_gonzo 9y ago
Wrong. If you can't move your money due to capital controls, you use bitcoin to bypass those controls, and get your money into somewhere more stable, preferably something that does not have volatility of 20% per day.
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by reverend_gonzo 9y ago
> Crypto can provide them with precisely that. The volatility of crypto is immaterial, what matters is that it's still around. The resilience of Bitcoin means that rich people can park wealth there. They can trust the protocol more
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by reverend_gonzo 9y ago
Absolutely agree, though I don't think its necessary to have done so in front of a counselor. Before we got married, there were a number of things that we discussed and had to make sure we were on the same page. Of those, the most impo
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by reverend_gonzo 9y ago
Why not? CME has futures that are settled with physical delivery. It definitely makes it a pain for post-settlement management, and would likely prevent a lot of people from trading those futures, but why exactly is it not possible?
105.
by reverend_gonzo 9y ago
1) A lender can reduce (or freeze) your HELOC. 2) Pulling money out of your house during a downturn is dumb. You now have to pay interest on that, and in a few years or so, you're going to have a lump sum payment to pay off that loan.
106.
by reverend_gonzo 9y ago
First and foremost: knowledge and relevance. Your working income will always return more than your investments (at least, until you've made enough that it doesn't matter anymore). Keep yourself thoroughly employable, even better i
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by reverend_gonzo 9y ago
You still have to pay market rate for professors, executives, maintenance, etc, if you want to stay relevant. You can't just decide to reduce your income and expect nothing else to change. They're changing where their getting the
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by reverend_gonzo 9y ago
The problem is a little bit more than people are paying too much for a worthless degree. It's that they are being given a loan that is backed by the US Government to get that worthless degree. If the government removes the backing and
109.
by reverend_gonzo 9y ago
I put 50k into Patch of Land, 5k into 10 loans. If everything works out, I'll make about 5k. However, one loan never made a payment and is going to court, and one other is in default. Once my money is paid back, or whatever, I will not
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by reverend_gonzo 9y ago
You can absolutely pity someone, while still not tolerating the behavior and reinforcing bad behavior by giving them things. Understanding where someone comes from is empathy. That's a good thing to have and doesn't make you a su
111.
by reverend_gonzo 9y ago
There's a wide range of prices. More often than not, you'll end up buying one that is custom made in an American lab, so it might not be exactly cheap, though it is cheaper than an equivalent diamond. We bought moissanite because
112.
by reverend_gonzo 9y ago
It depends. Selling is an automatic disqualifier (as you showed you are willing to commit a crime for money). Past usage is not an automatic disqualifier, and shouldn't be a problem if it was years ago. Lying is an automatic disqualifi
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by reverend_gonzo 9y ago
2 bedroom condo rented out on AirBNB. Don't have a full year's worth of income yet, but I expect around 12k in profit plus 12k in principal paid down plus any rise in market value.
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by reverend_gonzo 9y ago
I think there's a couple preventative measures. First, don't go into things like nursing homes, elderly living communities, etc. Those are prime targets. Second, if you have wealth, give it to someone you trust, or put it into a t
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by reverend_gonzo 9y ago
Absolutely. Some people definitely do have it a bit harder than other people. But, outside of medical/mental issues, or just a stream of bad luck, people generally make it harder on themselves due to certain choices in their life. My p
116.
by reverend_gonzo 9y ago
The reason to rent is for the ability to move on demand. If a family is renting in the same place for decades, that is their problem. The moment you realize you are going to stay in one place for an extended period of time, there is no reas
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by reverend_gonzo 9y ago
> What possible incentive would an airline have to do that, then? For one, the airline makes more than if it had without bidding. Second, there is some value in not completely pissing off your customers. In my opinion, if the airline as
118.
by reverend_gonzo 9y ago
This is really interesting from a game theory perspective. What's really going to matter is how it's executed. If someone bids $100 to keep a seat empty and the flight is empty, do they still get charged the $100? Or is it only wh
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by reverend_gonzo 9y ago
There is a reason that air traffic is tightly controlled, primarily there is massive public risk for minimal errors. There is a saying that the FARs are written in blood, as in regulations aren't passed willy-nilly, but passed after th
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by reverend_gonzo 9y ago
> If you are storing currency, that is legally defined as currency by your legal jurisdiction (usually the state level) then there are very specific rules for money transmission and money service business licensed businesses. And your ac

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