rsj_hn

393 ms·

2791.
by rsj_hn 8y ago
Ahh, OK, so those Christmas lights are gone by then. Yes, if you look, you see a park/golf course on your right and some office buildings on your left. I guess how well lit it is will depend on how many lights are on in the office buil
2792.
by rsj_hn 8y ago
I don't know the history too well, but remember Uber refusing to get some licenses in California and opting for AZ which doesn't require the same level of licensing. Others should correct me, but that was the buzz at the time. I a
2793.
by rsj_hn 8y ago
I certainly believe the Uber dashcam video was poor quality. But at the same time, the videos on the link you showed are a bit misleading because the holiday lights are not strung up all year, and in any case the collision happened after th
2794.
by rsj_hn 8y ago
Arizona law is pretty friendly to motorists. Generally speaking, you're not supposed to jaywalk and when you do, you are taking your life in your own hands and the car that hits you is not liable. It's even worse for the pedestria
2795.
by rsj_hn 8y ago
Right. So, you see what I'm saying is that "demand" refers to a curve . And at any given price, there is a quantity on this curve. So, take city A - where house prices cost, $100 and it has 100,000 people. In City B, house p
2796.
by rsj_hn 8y ago
By that logic, a city like Detroit, with 600K is 50 times more in demand than a city like Malibu, which only has 12K people.
2797.
by rsj_hn 8y ago
I don't want to tell you what the right trade offs are between, say, living in Phoenix or Dallas or Charleston and living in NY or SF. But at some point people want to start families and buy a house and that starts to take precedence o
2798.
by rsj_hn 8y ago
Honestly, I think you are not capturing the trade offs here correctly. There is some value to being in a hub, but not infinite value. For example a start up gains a lot more benefit from being in Silicon Valley than a company with 10,00
2799.
by rsj_hn 8y ago
I think NYC (or SF or any high cost of living area) is a crazy place to put HQ2. In terms of subsidies, while it's easy to dunk on Amazon, and no business should be getting subsidies IMO, there is a real issue here: Cost of Living in N
2800.
by rsj_hn 8y ago
Pretty much all services make money from tracking you because it's legal and doesn't cost them anything. Even those that charge. E.g. google maps will charge the vendor and still track the user. A WSJ subscription will still have
2801.
by rsj_hn 8y ago
Google maps can charge for API use. They already do. Services can charge money -- not everything has to be ad supported. Business models aren't inviolate things -- they exploit existing regulations. When the regulations change, then so
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by rsj_hn 8y ago
I don't know why you think "Blue Apron" and "Trello" solve real problems but that, say, Intel, Cisco, Seagate, Oracle, Adobe, NVIDIA, HP, and Google do not. That sounds, well, crazy. Adobe alone singlehandedly chan
2803.
by rsj_hn 8y ago
This is a fair point. You've won me over on classifying bloomberg.
2804.
by rsj_hn 8y ago
I would count doubleclick. I missed it because when I looked at my various lists, it didn't account for acquisitions. Google bought doubleclick, but yes it was market dominant when Google bought it. Thanks for your list, which is inter
2805.
by rsj_hn 8y ago
I would call Bloomberg a financial news company. It's a great company. But I am sympathetic to the view of calling it a tech company because the Bloomberg terminal is an important piece of tech. Forgetting for a moment whether it is te
2806.
by rsj_hn 8y ago
I think Shutterstock would make it. Kickstarter is around what, 40-50M in revenue? Vimeo is maybe 100M? DigitalOcean is 200M? Shutterstock is 500M? Trello, I have no idea. I like Trello (and Shutterstock). I think Shutterstock would crack t
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by rsj_hn 8y ago
Your racist comments notwithstanding, the idea of founders moving to a place where they can access funding networks is one of the reasons why there is a strong productive ecosystem in SV for starting firms. If they could have tapped the sam
2808.
by rsj_hn 8y ago
Not tech business. Not a single one. Banks, sure. Publishing houses -- absolutely. But zero for tech. Perhaps your cultural animus might be reflective of why that is. And I would do some soul searching and look even outside tech to see what
2809.
by rsj_hn 8y ago
Think about what that means -- in the entire history of New York, not a single start up began in NYC and grew to be successful and market dominant there. Not a single one. Seattle has been much more successful -- it created MSFT and Amazon.
2810.
by rsj_hn 8y ago
LOL, no. If you want to work in finance, the best city is NY. If you want to work in film/media, the best city is LA. If you want to work in tech, the best city is SF/Silicon Valley. It may not be the best city to live in, but it&
2811.
by rsj_hn 8y ago
So which Soviet industrial secrets did the U.S. steal? Which Chinese industrial secrets did the U.S. steal? It certainly appears to be a one way street.
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by rsj_hn 8y ago
Wow, how far back does your memory go if you think 4.94% is a "massive high"? Since the modern (post-Bretton Woods) era, mortgages have been above 5% every year until the 2009 crisis, and usually above 7%. https://fred.
2813.
by rsj_hn 8y ago
In theory, I don't see a problem with this type of share structure and don't believe an investor would lose anything by buying this stock at an appropriate price. Shares with fewer rights will sell at a discount to shares with mor
2814.
by rsj_hn 8y ago
But my point is that public ownership generally calls for public beliefs about returns to drive the show. The gap of the visionaries can usually be handled by private ownership. Let the visionary obtain funding elsewhere if they cannot conv
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by rsj_hn 8y ago
Either way, their existence (beyond founders that simply own lots of shares) suggests that public shares create governance problems that aren't explainable via principal-agent or some other traditional economic explanation. I'm
2816.
by rsj_hn 8y ago
And as a completely different example, what this principle suggests is that nations with a low interest rate environment will generally see a decline in profits corresponding to the lower rate. So for example Japan, a nation where corporate
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by rsj_hn 8y ago
Yes, you, personally have an incentive to be stingy. But when you are talking about a big organization, they find ways of spending money because the managers of the organization are not aligned with the shareholders. Every organization ha
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by rsj_hn 8y ago
Whole Foods has expensive food, together with a lot of outrageous health claims, but it's the industry black sheep in terms of health and sanitation. Most supermarkets, for example require basic things like bathrooms and hand washing s
2819.
by rsj_hn 8y ago
That doesn't mean anything at all. The problem is dissipation of rents -- when an industry gets an economic rent, expenses will tend to increase to the maximum allowed by market discipline. This is true for all bureaucracies -- e.g. Un
2820.
by rsj_hn 8y ago
Taleb actually makes a great point here and published a pretty cool paper about it. The point is that if a probability of the event changes too much, you can arbitrage it. E.g. assume these are payoff odds and you can sell your position bef

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