tjs8rj

17 ms·

121.
by tjs8rj 4y ago
My understanding on the crypto market drivers here is: 1. It’s 100% a “gamble” totally driven by momentum in almost all these coin cases (the value is convincing someone else there is value). All self-aware crypto investors know this. 2. Wh
122.
by tjs8rj 4y ago
Religion by definition is a subset of philosophy. It’s a particularly old form of it, and has very ardent supporters, but it’s philosophy all the same.
123.
by tjs8rj 4y ago
Saying religion is the opposite of science is like saying philosophy is the opposite of science. Religion is a philosophy, it’s an incredibly diverse, rarely entirely faith based, etc Deep theoretical physics in some ways has more in common
124.
by tjs8rj 4y ago
“Capitalism would have us believe that…” if you were lazy in a hunter gatherer tribe they’d just no give you food, otherwise punish, or exile you. Some things are more fundamental than capitalism
125.
by tjs8rj 4y ago
It’s really not that deep. The acronym is just a tongue in cheek silly nothing. Being the CEO (or any kind of founder role) of an early stage can be a lot of effort and sacrifice without the “privileges” of power, influence, etc Sure, if Zu
126.
by tjs8rj 4y ago
I’ve shopped for similar insurance (high risk investment management E&O) and the annual premiums are a fraction of the 5% spread they were taking on $44m
127.
by tjs8rj 4y ago
I have no idea why this is so contentious in the engineering discipline like it’s some unique question. When you were in school, weren’t their students just far more capable than others? When you look at sports, aren’t there just players fa
128.
by tjs8rj 4y ago
This is all it would’ve taken. They got $40m+ deposits in under a year and couldn’t bother to cut some of their 100% profit gains to buy an insurance policy protecting it. Pure greed
129.
by tjs8rj 4y ago
This same argument also applies to owners. If the org makes $100k in revenue and the owners take $10k of that, why don't you just leave to start your own firm and keep it all? It's because there ARE contributions from the owner, e
130.
by tjs8rj 4y ago
Think the point they are making is the repeated taxation is semi-ridiculous. 1. Work a job and pay income tax 2. Invest remaining income, capital gains are taxes when liquidated. 3. Buy a car with the remaining gains, pay sales and property
131.
by tjs8rj 4y ago
This is the answer and why the labor theory of value tends to fall flat without due consideration to the labor of managers and the cumulative returns of labor. If your work earns $100k/y in revenue for a company, that doesn't mean
132.
by tjs8rj 4y ago
I think the network effects are on the vendor side. As a vendor you integrate with the one-click checkout company that has the largest user base, because that'll have the most coverage for your customers.
133.
by tjs8rj 4y ago
The US economy doesn’t grow at 7% a year but that’s what the s&p is expected to do
134.
by tjs8rj 4y ago
“We're taking decision making from the educated and giving it to the uneducated.” I can’t find the quote, but someone said something like “democracy is the system of government where the stupid lead society” (implying that the majority
135.
by tjs8rj 4y ago
This gets said all the time but it’s just not applicable. Making fun of rich people is certainly punching up: by definition they’re rich and obviously very privileged, privileged enough to offset constant verbal abuse perhaps, we’d all be h
136.
by tjs8rj 4y ago
OP's linked site Quantbase shows a WallStreetBets tracking portfolio with detailed performance history: https://www.getquantbase.com/details?fund=r/WallStreetBets%2...
137.
by tjs8rj 4y ago
Very interesting and Quantbase looks neat (as well as the other investing strategies you link to: Pelosi Tracker, leveraged long run investing, etc). Is there a case for this as an actual investment or primarily novelty?
138.
by tjs8rj 5y ago
It’s hard to give China credit for anything on Covid when their decisions led to it being a world wide pandemic in the first place. You’re saying the firefighters (WHO and the Western response) didn’t do enough to put out the fire burning d
139.
by tjs8rj 5y ago
Why is that not accurate? Nature is just physical processes. Those physical processes taking their course is really all nature does. You could call it “righting itself” or “destroying itself” and I’d say you’re equally right, because the sa
140.
by tjs8rj 5y ago
As another comment pointed out this was the case long before the civil war (which started in 1861 and I was saying you could see this in the GDP difference even in 1800
141.
by tjs8rj 5y ago
In their eyes, you’re intervening in the life and health of the baby based on a difference of opinion (you don’t want a baby).
142.
by tjs8rj 5y ago
Slavery wasn’t some significant advantage for America (in a time when slavery was super common). It’s pretty widely agreed that dependency on slavery also set the south back economically by decades (look at the GDP north vs south for all of
143.
by tjs8rj 5y ago
For me: I try to keep it simple with some crypto buy and hold, QQQ+TQQQ holds, and a $5k "gambling play" each year (green energy stocks in the 2020 election run up, crypto swing trading in 2021, etc). The former I treat like a lon
144.
by tjs8rj 5y ago
Sure always negotiate, but “If they were just willing to give you 1/3 without negotiating I’d bet they would act the same the negotiating with VCs or customers and the biz would be a disaster!” just isn’t true consistently enough to be
145.
by tjs8rj 5y ago
I think the confusion here is in part because success is so nebulous a term. Consider success in the stock market, that’d be getting significantly better returns than the vast majority of people. Success in general is the same thing. If you
146.
by tjs8rj 5y ago
Engineering is something like “deliberately configuring a physical or technological process to achieve some intended effect”. That applies whether you’re building a bridge or writing fizzbuzz
147.
by tjs8rj 5y ago
How does blockchain tech prevent monopolies exactly? Any environment that respects property rights and has activities that can be done more efficiently with scale and concentration will have centralization. Cryptocurrencies themselves are c
148.
by tjs8rj 5y ago
The vast majority of obesity is caused by poor diet (in part due to our food supply, in large part also due to our choices) and lack of exercise. The major changes are: food supply (more addictive, more calorie-dense, etc), more sedentary l
149.
by tjs8rj 5y ago
That sub has changed so much in the last year. Used to be more light-hearted, rallying around crappy bosses and laughing at the gall of an employer. Now it’s been taken over by more radical takes, going from “screw my boss”, “we should get
150.
by tjs8rj 5y ago
I don’t think there’s much that can be taken from that. There’s a lot of reasons products die within a year, the non-product hunt #1 rate is probably much much higher. People post products on there all the time that aren’t meant to be some

More ›