Recent submissions

Comment · 5 years ago
Anyone know how I can invest/get exposure to hetzner as a business? Doesn't seem to be a public company.

I can honestly see these guys becoming a HUGE cloud provider.

Comment · 5 years ago
There are big questions about the amount of gravitas that mainstream economists are afforded by people in power.

Misnaming the econ prize as a "Nobel" prize and placing it's winners on the level of great physicists, chemists etc risks in exacerbating this problem.

Much of the research done by econ memorial prize winners is walked back or proven false later. It isn't hard science. Much of it is politically driven and advice and practitioners are used by politicians to justify certain actions, many of them dysfunctional or corrupt.

Comment · 5 years ago
China corrupts any global organization it touches.
Comment · 5 years ago
UI Path does this in a nice way
Comment · 5 years ago
The elephant didn't have a cardiac arrest and humanity shouldn't get "feel-goods" about this crap.
Comment · 5 years ago
Based comment, 10/10. Feel bad for these rubes. We're currently in the "giant sucking sound and harbor incomprehensibly drains" phase of the hard money tsunami, and people can't see it.
Comment · 6 years ago
21M is the basis of bitcoin for most hodlers.

Any fork or decision by anyone to change this 21M number means that for me (and most hardcore bitcoiners I know) the chain which sticks to Satoshi's 21M becomes the REAL bitcoin chain.

21M is non negotiable. If it doesn't have 21M, it simply isn't BTC.

Comment · 6 years ago
Dow dropped 90% in great depression, so even trading the dow with 10% leverage would've wiped you out.

Dow also dropped >50% in GFC, so 2x leverage would've ended you.

Taking ultra risky bets when you are young is sensible because it isn't actually risky. This is because for a 30yo with good career prospects, your future career is probably worth an amortized $5 million dollars. If you have $200k in savings, that is only 4% of your true net worth. If you lose it, you still really have $5 million dollars. Therefore playing loose with it is pretty reasonable.

If you're 63 and will retire in 2 years, your amortized future career earnings are probably $200k and your assets $5million, and then you should be conservative.

Comment · 6 years ago
China only farms out the scammy companies to US exchanges. Luckin coffee, TAL education, iqiyi
Comment · 6 years ago
Anaesthesiologist here.

I did EM for 6 months and hated it. This is because it just doesn't suit my personality.

To be good at EM you need to be: - Comfortable with being a kinda bad at everything and great at nothing - Comfortable with large amounts of uncertainty and risk and having to make decisions anyway - Being abused by drunk/mentally ill patients constantly - Being patronized by medical colleagues in other specialties

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