kldaace
Joined 10 years ago
Joined 10 years ago
Nice.
1. Homeless shelters are horribly funded and have long waiting lists for beds. This proposal provides no additional funding. My guess is most people will be forced to take the bus ticket option.
2. Shelter beds themselves are poorly maintained, unsanitary, and often have bed bugs. It sounds counter-intuitive but a lot of homeless people are _choosing_ the streets over homeless shelters.
To be honest, I think the people bankrolling this bid know that moving people into shelters is unfeasible, and they're cynically hoping to just bus the homeless out of San Francisco.
The situation described is clearly not a Nash equilibrium. If you have special, accurate information on the price of a security, then you're going to act on it. Why would no one be doing the work of pricing something if it's profitable? Sounds like actively managed mutual funds are getting antsy because people are starting to realize that they're getting screwed not going with index funds.