levthedev

I disagree. There is no such thing as a "lean" site that is as popular as Wikipedia (top 5-10 US depending on the day). I believe they are likely the leanest website in the Alexa top 30. The only site that I see that is leaner in the top rankings is Craigslist, currently at #38 in America, and Craigslist is a famously, fantastically, uniquely lean site (in some people's opinions, even to a fault).

Hosting costs for Wikipedia are "only" $2.3m, but imagine the legal expense they have, fighting likely millions of takedown requests, malicious lawsuits, complying with local laws and regulations in China, Russia, etc, paying a team of top software engineers to handle running a top-visited site (that by the way, has almost no downtime), a security threat model that includes nation-state actors, and the responsibility that if they fail (by being hacked, or sued, or DDOSd, or whatever), they will have let humanity's library be harmed.

I just can't understand how any casual bystander can complain about Wikipedia or their funding/organizational model. If you don't like it, just don't donate money.

WeWork, for the most part, does not own actual real-estate assets. They mostly have actual real-estate liabilities - leases.

They do own a relatively small amount of property, like their partial ownership of the Lord and Taylor building, which for reference is now considered a huge mistake (it's bleeding money).

This is technically true, but sort of misses the mark. Costco does not price goods such that their Cost of Goods Sold + Operating Expenses = their Membership Fees + Non Alcohol Gross Revenue, Alcohol Gross Revenue to be their main source of profit. They do price goods such that their COGS + OPEX = Gross Revenue, leaving their membership fees to be the main source of profit.

In other words, you can say that any given vertical worth $Xbn of their revenue was their profit, if you are convinced that Costco actually models their pricing around that vertical section of their revenue. But in reality, everyone knows that the section they model around is membership fees - everything else is break even and the fees are profit.

The interest rate on deposits was previously -0.6%, and now is -0.75%. Hope that clarifies if you were unsure.

What is the advantage to buying Tether with Krones instead of just converting them to USD? I think people jump to crypto as a solution when oftentimes the financial markets have already had the same solution for hundreds of years (in this case, foreign exchange).

Boglehead investing is generally the safe and correct pick for the average investor, but large corporations, hedge funds, banks, and so on, all require hedging.

A simple example is a corporation that buys goods in China and sells them in the US. This corporation does not want to lose money due to a poor USD/Yuan exchange rate, so they hedge that risk by buying a financial instrument that guarantees them a certain USD/Yuan exchange rate.

Does the average Joe ever need to hedge currency risk? No. But large institutions do. And this is just a single risk; hedging is not just used for exchange rate risk, but also for credit risk, interest rate risk, asset price risk, liquidity risk, disaster risk, political risk, and so on. Any kind of risk can be priced (see for instance, health insurance and car insurance for consumers, a mechanism by which large corporations price the bulk of consumer risk), and there are many trillions of dollars that belong to groups that especially dislike certain risks, and therefore wish to hedge them.

I believe they are, by some fairly loose accounting definition (i.e., not counting back office expenses, capital expenses, etc), profitable on non-pool rides in core US cities.

Don't do this. See the other response as to why.

Sure, if you think that rates are going to drop next year, and would like to secure the 10 year rate instead of risking that.

Another way to express it: if today, you believe the average rate over the next 10 years will be lower than the current 10 year rate, you should buy the 10 year treasury.

This is a tiny bit simplistic as it ignore liquidity/volatility differences between buying a 10 year treasury and buying 20 6-month treasuries or 10 1 year treasuries.