xkjkls

53 ms·

571.
by xkjkls 8y ago
> As an "active investor" your competition is HFT algos on servers located as physically close as possible to the stock market in order to achieve superhuman reflexes. That's usually not true at all. HFT makes up a huge po
572.
by xkjkls 8y ago
I'd say this article probably overstates risks. US Equities are only about 30% passive, depending on how you measure it, and there probably is substantial run-rate for an even greater concentration. Here's a pretty good article:
573.
by xkjkls 8y ago
> Make it clear that directors of index funds and other large money managers have a fiduciary duty to vote solely in the interest of the funds’ shareholders. That's easy to say, but deciding what the shareholders interest is can be
574.
by xkjkls 8y ago
Exactly. Once an index fund is making active decisions about the management of a company, it's no longer a passive investment vehicle (though they never really are in the first place, given indexes like the S&P 500 are decided by a
575.
by xkjkls 8y ago
I'd say it's a lie that Wall Street is known for short term thinking. Hell, it is even a unofficial motto of Goldman Sachs to "be long-term greedy". Are there a large number of activist investors who want certain compani
576.
by xkjkls 8y ago
Yeah, it's not surprise that corporate governance is at its worse state in decades. Too many companies have boards filled with management sycophants who never due real work in guiding corporations in the interests of shareholders.
577.
by xkjkls 8y ago
Eh, it's a branding thing. I doubt many customers are confused.
578.
by xkjkls 8y ago
https://twitter.com/erinscafe/status/1034456203890372609?lan... This was a great Twitter thread on the public interest in a LA tunnel
579.
by xkjkls 8y ago
Or how many Solar Roofs have been sold. I think 3 years in, they're still in the single digits.
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by xkjkls 8y ago
He already takes a Gulfstream
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by xkjkls 8y ago
The problem is NIMBYs think that no things improve the neighborhood . Everyone would say they are for things that improve the neighborhood, but some are reflexively anti-change.
582.
by xkjkls 8y ago
I'd say California home prices are because they haven't built enough, and that people really love living in California. California is a really nice place to live; great weather, great coast lines, great food, great people, etc. Mo
583.
by xkjkls 8y ago
Damn, that post aged badly. Yeah, I think there needs to be books that are honest about the tradeoffs of running a business different ways, rather than espousing that "this is the way to do things". Ben Horowitz's "The H
584.
by xkjkls 8y ago
> Tesla sells well in places without a tax credit. Where? The biggest market is the US by far, and many other locations, like Canada, demand has dissolved without the tax credit. > There is no reason to think that Tesla want be sellin
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by xkjkls 8y ago
There's a lot to unpack here: * With the reservation numbers, sure, there are a large number of people who put down a refundable $1,000 for a $35K car with a $7,500 tax credit, but what is currently available is a $50K car with a rapid
586.
by xkjkls 8y ago
I think you can normally say the opposite more often. With billions invested in the company, how can you tell the difference between actual news and a puff piece. There is way more money long Tesla than short it.
587.
by xkjkls 8y ago
Tesla was always accused of some chicanery when they claimed to hit a 5000/week of "factory gated" cars -- a term they had never used before. Also, last quarter, they had more than 10,000 cars "in transit" between t
588.
by xkjkls 8y ago
That's assuming the cost of labor is the only operating factor here. There are assumedly parts, factory operation, other opportunity costs at play here. Also, since Tesla has all of these cars under warranty themselves, if they do have
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by xkjkls 8y ago
I'm not sure having only $1.3 billion in available cash, when you've been burning $700 million a quarter, and with $10 billion in debt is ever what someone would judge a company as "doing fantastic" on.
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by xkjkls 8y ago
Also, running that many shifts is a lot of overtime paid.
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by xkjkls 8y ago
Electric cars are generally simpler than their ICE counterparts. There are way less total working pieces in an electric vehicle than a ICE one. Also, a huge part of the manufacturing process doesn't even deal with the real guts of the
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by xkjkls 8y ago
The problem here seems to be that they seem to be striving for significantly short term goals, like meeting production targets, rather than really doing the work change the entire system and culture to one that would focus more on quality.
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by xkjkls 8y ago
There's definitely a number of anecdotes about Model 3 quality that hasn't been positive. Also, the insurance rates, and overall lemon reports haven't been positive either.
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by xkjkls 8y ago
> If you read what Elon Musk wrote...he does not believe Tesla will be private in the long term. He believes the stock price is a distraction, and invites people to crap on, or harm the company because they are shorting it. Cynically, I
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by xkjkls 8y ago
That's not exactly cheap or feasible for most cars.
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by xkjkls 8y ago
Wall Street loves free money. The stock was trading at $360 before this proposal was announced, and only moved a third of the way to the purchase price on the news. That's not implying investor confidence that this will happen. Otherwi
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by xkjkls 8y ago
> victims of mt gox hack ok bro, I'm not sure we have the same definition of smart people if yours are people decided to buy a bunch of cryptocurrency and keep it all in a website built in php
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by xkjkls 8y ago
> Lets do an example. The battery is a huge part of the cost of a car. If you have to buy this you have to pay a profit on that, not to mention that because all non-Tesla car buyers compete for the same batteries the margins will be huge
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by xkjkls 8y ago
Plenty: Spotify, Twilio, Salesforce, Box, Adobe, Workday, Atlassian, Intuit, ADP, to name a few.
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by xkjkls 8y ago
That if is a big if. Tesla is currently trading $40 under their supposed acquisition price. That's not exactly high confidence from the market that this deal will go through.

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