rocqua

53 ms·

781.
by rocqua 4y ago
Do realize that the SVB bankers and shareholders remain completely screwed. This bailout does not save them. Nor will any FDIC bailout. So the FDIC existing does not change how a bank behaves. From the perspective of the bank, bankruptcy an
782.
by rocqua 4y ago
Piles of cash are risky! They can be stolen, rot, burned, forgotten, etc. Besides, they are horribly inconvenient. Paying your hosting bill in cash would suck. Paying your salaries in cash would be a nightmare! Cash has massive friction. An
783.
by rocqua 4y ago
Do remember that the SVB wasn't paying much interest on their deposits. They were making profits on those bonds. The only real problem was a maturity mismatch that happened to matter.
784.
by rocqua 4y ago
No it's not. In a firesale the market price isn't full price, because the market needs time to react to price signals. More time than you give it during a firesale. If you don't have time to let buyers figure out what a fair
785.
by rocqua 4y ago
Could perhaps 'park most of the money at the FED' been a safer option even without hindsight? Ofcourse with hindsight pouring money into hedged stock positions would have been much better. But that is very much hindsight dependent
786.
by rocqua 4y ago
Their bonds weren't losing money. They were losing value. Value that would inevitably recover as the bonds reached maturity. There was an easy and plausible scenario here where everything was fine. Heck, the core of the problem here is
787.
by rocqua 4y ago
Why would shorting be illegal?
788.
by rocqua 4y ago
On paper SVB might well have been solvent until they got withdrawals. This is possible because you can account for bonds in two ways: mark to market, or held to maturity. In the second case you don't look at market prices. This actuall
789.
by rocqua 4y ago
If people stop trusting banks, a lot of friction gets added to the financial system. People stop worrying about creating value and start worrying about storing value. Short term, people will consider taking out their deposits, which might t
790.
by rocqua 4y ago
The parties that want this are government agencies that want more power. Perhaps the companies that plan to support the government agencies in this work. There is a lot of money and political power that wants these laws. But they don't
791.
by rocqua 4y ago
Treasuries and bonds drop in price when interest rates go up. in 2021 (when interest rates were low) you might pay 100 cents on the dollar for a treasury that payed 2.5% interest. In 2023, with interest rates much higher, you can no longer
792.
by rocqua 4y ago
Looking at the 'damage' amazon has done, both to its workers, and to the credibility of their wares, you could say that amazon has suffered from goodhart's law to some extend on the grander scale. Specifically, they set a lis
793.
by rocqua 4y ago
You send them a formal letter to their listed place of business. You very likely will find amazon is not willing to engage in much negotiation, unless you happen to have a unique offer. But nothing requires amazon to engage.
794.
by rocqua 4y ago
Where I live, that expectation is enshirined in a law created in 2001. The reasoning is, with remote buying you can't physically inspect the item. Hence you can decide to return an item at no cost, provided you have only handled it the
795.
by rocqua 4y ago
In languages without type coercion, it helps add some type checking by ensuring you return a bool rather than some value that has truthity.
796.
by rocqua 4y ago
The idea would include an opt-out. It would probably be easier to use the opt-out rather than maintaining a fork.
797.
by rocqua 4y ago
What if, rather than maximizing the slope, you maximize your authority over the slope. That seems closer to the original point of the article too. The general idea is that being a quick learner is universally valuable because it means you c
798.
by rocqua 4y ago
The latter isn't a stated policy, but the result of many interacting policies, incentives, and institutions. Hence it is hard to fix, hard to recognize as existing, and hard to prove to others as being a problem. In other words, you ca
799.
by rocqua 4y ago
What keeps a cannon from working? That would already reduce the costs by a lot, and from the visual identification it seems that 40,000 feet is well within the flight ceiling of fighter jets
800.
by rocqua 4y ago
Why did Linux end up capturing everyone's attention? I wasn't around back then.
801.
by rocqua 4y ago
But android took linux, which has a copyleft GPL license. So the argument "use a copyleft license or get your work stolen like android" doesn't really work. You'd need to argue that you need a strong copyleft license. Wh
802.
by rocqua 4y ago
Version pinning and manual verification of correct implementation can work quite well here.
803.
by rocqua 4y ago
Would be cool to see! I know spacex had trouble finding autoclaves big enough for carbon fiber tanks. I would expect windmill blades need to be even bigger and hence need a bigger autoclave. So that would be a major challenge. Then again th
804.
by rocqua 4y ago
How come you push beyond your limits? Do you notice and do it anyway, or does it go unnoticed? Would you like to stop going past your limits?
805.
by rocqua 4y ago
The scope of the labelhas definitely expanded. But the article here isn't saying that 'people who need to veg out have autistic burnout'. Instead its saying 'people who were already labeled autistic seem to respond in th
806.
by rocqua 4y ago
Is the problem of outside MBAs their lack of deep understanding? Others here have argued that the promotion of outsiders erodes loyalty and passion of the workforce towards their jobs. I could imagine good outsiders who have the skills for
807.
by rocqua 4y ago
Not OP, but the ability to very quickly bracket photos. Say at 30fps for 10 frames, and then use software to process that data like how a smartphone does, but with my own control. Let me figure out when a scene is static enough to combine m
808.
by rocqua 4y ago
The difference is quite large. The architecture for the 5g backend was made to allow for easy virtualization and scaling capacity up and down. Hence telcos don't need to buy a very specific subscriber management box that is special mad
809.
by rocqua 4y ago
Luckily it's not all wasted effort. The different networks boil down to implementing a very simple FDMA scheme. Each telco gets their own frequency, and customers of different telcos never interfere with eachother. I hope/imagine
810.
by rocqua 4y ago
Before 5g city centers often couldn't cram in enough cell towers to give everyone enough bandwidth for their home connection. 5G has an option for higher frequency towers with signals that drop off much quicker, allowing you to pack to

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