twoodfin

Up the Long Ladder

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If it’s bad for restaurants and consumers, the restaurants can just stop partnering with these delivery services.

If they were actually “bad” for consumers as reflected in their revealed preferences, the restaurants shouldn’t lose any business.

Personally, I don’t get the economic appeal for most restaurants and foods, but obviously a lot of consumers disagree.

More: Apple makes long-term investments and big technology bets.

They placed a large bet for the MacBook on Intel’s roadmap at exactly the wrong time, and it screwed up multiple product planning and execution generations as a result.

Apple has finely tuned their organization to be great at long-term plans. That has come at the cost of being able to adjust “quickly” when those plans end up being flawed. The fiasco with the butterfly keyboard is maybe the best example.

By that time they had clearly made the decision to invest in their own CPUs and platform architecture.

I reject that we should craft tax policy on the idea that young people with significant human capital and low current wealth are “poor”!

I would flatly reject the idea that a just-graduated neurologist with a negative net worth due to loans is “poor”.

Wealth being the integration of gains - consumption over time makes it a poor metric for looking at society as a whole.

Something like 50% of Americans will be millionaires at some point in their lives—upper quintile per this chart, typically later in their earnings years. Almost all of them started “poor” as young adults, per this chart’s definition.

I meant the trend of making the C interop more opaque.

Are there any PEPs that describe this work?

Somebody could just create an index fund like that.

I suspect they don’t because such a fund would have missed out on a ton of growth captured by the less “picky” indexes of the last quarter century.

A national wealth tax would almost certainly require a Constitutional amendment to survive today’s SCOTUS.

That’s about as DOA as a policy proposal gets.

Frontier AI development via agents uses plenty of CPU compute. Maybe in a lopsided way during development as opposed to training?

I fly BA across the Atlantic every few months, and today for the first time the safety briefing included a specific callout of respecting privacy while filming aboard.

Investing in potential future blockbusters and encouraging investors to value the equity by returning some fraction of profits is the business model.

Outside of the occasional spike from a real blockbuster, pharmaceutical companies are not particularly profitable. Without those temporary (patent-protected) “windfall” profits, the business model doesn’t work.