kapurs151
Joined 8 years ago
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48
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10
Member since
Jul 5
Recent submissions
Comment · 7 years ago
Comment · 7 years ago
While I admit that the losses are staggering, the growth rates are also astounding:
Revenue
2016: $3.8bn
2017: $7.9bn
2018: $11.27bn
Trips
2016: 1.8bn
2017: 3.7bn
2018: 5.2bn
The internet is such a game-changer.
Comment · 8 years ago
Your point is valid, but most Ivy Leagues are need-blind for U.S. citizens (Harvard is need-blind for internationals too) at the undergraduate level and are known for relatively generous financial aid policies [1].
I think these schools are a drop in the proverbial ocean of generating crippling student debt, even for kids graduating from humanities majors.
[1]: https://www.cnbc.com/2017/09/15/student-borrowers-from-these...
Comment · 8 years ago
This is a good collection: https://dnluu.com/hn-comments/
Comment · 8 years ago
The full profile of Jim Chanos (that the article is quoting) is available here: https://www.institutionalinvestor.com/article/b1b00ynrgtn05r...
The part that I thought was most interesting was that he structures his fund as 190% passive long and 90% active short. This way, his short fund (which has average annualized returns of -0.7%) can still allow him to make a lot of money.
I like the idea that a short fund can make money if they can beat the negative of the passive index - so if the S&P returns 10%, and I can have a short fund that returns -5%, I can use his strategy to outperform the S&P.
Comment · 8 years ago
This exact idea is actually something Vitalik (founder of Ethereum) has proposed recently: https://ethresear.ch/t/explanation-of-daicos/465
It is important to remember that what we are seeing is a v1 of the ICO model - it is likely that future versions will be able to implement more controls and governance mechanisms like the kind you described.
What are your thoughts on a poker tournament for bots? Do you think it could turn into a successful product? I've always wanted to build an online poker/chess game that was designed from the ground up for bots (everything being accessible through an API), but have always worried that someone with more computational resources or the best bot would win consistently. Is it an idea you've thought about?