tjs8rj

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301.
by tjs8rj 6y ago
Do people want their freedom? For many people even today there’s a strong desire for comfort, familiarity, duty, etc over freedom. We aren’t allowed to urinate in public, even if we are careful to avoid making a mess, a health hazard, or to
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by tjs8rj 6y ago
It looks more symbiotic in my experience. Apple now has the power to “create markets” because they have a reputation, a brand, and lots of money. Steve Jobs was once a nobody working on a startup, and nobodies working on startups are at the
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by tjs8rj 6y ago
Investor money used responsibly can be a huge boon. The main benefit is speed and focus. Bootstrapping often means you need to do side jobs, and that faster experimentation can be cost prohibitive. That means raising, but living cheaply, is
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by tjs8rj 6y ago
Why is this a download? My covid project was an SMS news API completely controllable from your phone and delivers short news summaries on any topic scraped from across the web (www.zipnews.io). While fun and it has several paying customers,
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by tjs8rj 6y ago
The problem is bigger than consensual exchange. Amazon doesn’t owe you an audience, yes, but we do prefer to live in a culture that doesn’t remove access to an audience based on a disagreement with the content. If google blocked all search
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by tjs8rj 6y ago
Thank you both for the tour - would love to attend some conferences in the future!
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by tjs8rj 6y ago
I made zipnews.io, aggregates the news of the day on any topic and sends you a short blurb summarizing the top 5 stories. Headlines are included.
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by tjs8rj 6y ago
Another way of thinking about this is absolute returns vs risk-adjusted returns. Maybe as a specialist you’d have higher absolute returns, but the probability that your speciality dies may mean your risk adjusted returns are higher for gene
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by tjs8rj 6y ago
Any examples? Not something I've ever noticed but would love to read about.
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by tjs8rj 6y ago
This isn’t a “narrative”, it’s a studied research topic in economics, and a big one that draws plenty of attention and funding. Like I said: skill-biased tech change is the biggest factor by far, but China dominating manufacturing apart fro
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by tjs8rj 6y ago
Could you link one of these? Would love to relive the sentiment. There is a distinction: the birth of the Internet saw many seriously useful improvements for its users - instant information, infinite retail stores, unlimited selections, con
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by tjs8rj 6y ago
I think the general demographic thesis on human population peaking relatively soon is that it comes from people voluntarily having fewer kids as conditions improve a la the demographic transition model. There’s no expectation that we hit ea
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by tjs8rj 6y ago
Where are you getting this from? What you’re talking about is a symptom, not a cause. While the issue is still hotly debated, the biggest causes for inequality and wage stagnation since the 1980s in order of impact is: skill-biased technolo
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by tjs8rj 6y ago
They also don’t have the legal means to bar black people from service - because we changed the laws to prevent them from acting evily. “At least they can’t kill you” isn’t a good argument.
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by tjs8rj 6y ago
Maybe a year or two ago I would have completely agreed with the public vs private argument, but the pace of change has clearly accelerated, and when private institutions can easily have just as much impact with their decisions as public ins
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by tjs8rj 6y ago
Nassim Taleb calls this phenomenon the Dictatorship of the Small Minority
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by tjs8rj 6y ago
This is a great argument for why we shouldn’t work in generalities. “Systematic racism” isn’t practically actionable, so it results in Lincoln High getting the same treatment as yours, which apparently held “slave auction” fundraisers relat
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by tjs8rj 6y ago
I’m being overly glib, but this just highlights the multiple definitions of active vs passive investing. By definition, the S&P is a relatively arbitrary arrangement of stocks. These are picked by an arbitrary rules based algorithm. I h
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by tjs8rj 6y ago
This has been mentioned before but I’ve done this for a while: searching “[product] reddit” often does the trick when looking for candid reviews. Normal people with nothing to gain except internet points (which just incentivizes them to giv
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by tjs8rj 6y ago
The S&P is stock-picking by that logic. Rank all the public equities by revenue, select the top 500, then weight them by market cap. Sounds pretty arbitrary doesn't it? Why not rank by profit? Or weight by years in existence?
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by tjs8rj 6y ago
What does the legal of this look like? Presumably if you are managing others money you’d count as a roboadvisor?
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by tjs8rj 6y ago
Maybe this isn’t an insightful or clever take either, but this article reads like the first chapter origin story in a book about corporations become de facto government like WALL-E or Bladerunner. On one hand, will be interesting to see if
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by tjs8rj 6y ago
Knowledge for knowledges sake is noble, but someone always pays for it out of their pocket meaning that even super educated researchers have to justify why they are worth someone’s dime. This isn’t a capitalist thing, or even a modern idea
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by tjs8rj 6y ago
Survival just means we live long enough to reproduce. Humanity would be fine, have a child the die of skin cancer in everyone’s late 20s, life would just suck for any individual human though.
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by tjs8rj 6y ago
I’d be hesitant to call the issue preventing simply closing up for a few weeks (which I agree should have happened) “lockdown deniers”. We’re had mass protests and riots by the same people apparently for the lockdowns and the more recent sc
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by tjs8rj 6y ago
A major argument against raising the minimum wage is productivity ceilings. Is a retail workers work worth $15/hr? If it isn’t, the employer is losing money by keeping them, and so they are fired. If I remember correctly, the congressi
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by tjs8rj 6y ago
While I agree with a lot of what you said, unless first world means “perfect and flawless”, what happened in California and Texas arent “third world events”. Our systems have limits, even multi billion $ systems built by very smart engineer
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by tjs8rj 6y ago
I think this is such a reductive take of The South. A great tool for understanding a culture is sometimes to place it historically so you can be more objective. For one, The South has more black people and poor than anywhere else in the cou
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by tjs8rj 6y ago
The first half of your comment and the second half contradict. I forget the exact statistic, but did you know that something like 70% of those on the Forbes 400 Richest list are entirely self made? Did you know that the vast majority of mil
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by tjs8rj 6y ago
Is this like the dot com bubble? My understanding is that the mindset of the time was a true mania - people were convinced it was the new normal and that businesses got insane valuations preproduct even. It seems like with a lot of these bu

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