Recent submissions

Comment · 3 years ago
yawn
Comment · 7 years ago
I do not believe aerodynamic stability depends on whether the inputs change or not. For instance, stall a Cessna 172 and it will tend to pitch down on its own even if you keep pulling on the yoke.

Also an aerodynamically unstable plane isn't a plane in which a stall is irrecoverable. It's a plane that, left to its own devices, will not make things better for you.

Comment · 10 years ago
Please look up what 'amnesty' means. Apple isn't doing anything wrong or illegal by keeping its cash outside of the US. Also note the the US tax code is the only one (in advanced countries) to try to tax earnings made outside of its jurisdiction (e.g. for earnings made in Japan, and already taxed locally there).

Cook is not saying Apple shouldn't pay taxes, he simply says the IRS has no business taking 40% of earnings not made in the US. If you were an expat you would strongly agree with him.

Comment · 10 years ago
It's called a tariff. They're an incredibly blunt tool and they're generally not a good way to make anything "fair".

Also the rarity of a skill does not necessarily correlate to its economic output. So you would reduce the supply of workers for an arbitrary number of industries where wages are not higher than that number you just pulled out of a hat.

Comment · 10 years ago
Is it futuristic because it runs tests concurrently?
Comment · 11 years ago
Are you saying that aviation is inherently less safe in non-predominantly english speaking countries?
Comment · 11 years ago
I'm even less convinced about the usefulness knowing "how much of a trade a particular counter-party can absorb". And somehow deriving this information from the current book size (as opposed to available capital) also seems somewhat dubious.

Moreover, absent the AUM (or leverage) and asset mix, this number won't tell you much about the actual size of the book.

Comment · 11 years ago
Correct maybe. Useful, certainly not.
Comment · 11 years ago
Comment · 11 years ago
How good is your index if you don't capture local shocks?
Comment · 11 years ago
Any practical reason you'd want a "non brand related" index? The way I understand it the Big Mac index is pretty good because it casts a wide net from the cost of producing (or importing) food to the price of labour, and everything in between. I doubt you'd get that with a potato.
Comment · 11 years ago
And:

3. The number of good developers is unrelated to the number of H1-B issued

Comment · 12 years ago
1. There is no relationship whatsoever between the secrecy of their strategies and the likelihood of a government bailout. Most companies have some sort of proprietary secrets, after all.

2. They are no more secretive than the average private company. In fact, this is largely a myth, as is the belief that hedge funds are "lightly regulated". You can in fact find a lot of information about a fund by spending five minutes on the SEC website.

Comment · 12 years ago
I don't see how this proves the market is rigged. What I do see is: 1) One market participant is being less than clever by trying to buy, in one order, 80% of the offered quantity, and 2) Another market participant realizes this, and reacts accordingly.

The post is written as if the world should freeze once the client sends an order. He was 'stolen' shares. Really?

Comment · 12 years ago
You charge for deposits made in the banks' accounts at the ECB.

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