26 karma · joined June 18, 2019
Fun fact: over 60% of the trade volume on the stock markets comes from bots. If you have enough of a superiority illusion to think your daytrading game these days can outplay the MIT PH.D Quant traders that wrote HFT bots for hedge funds, then you're in for a surprise.
I don't have the exact Peter Lynch quote but he said something to the effect that any period of less than two years in the stock market and you're basically entering a casino. Any period of greater than 2 years and you're investing.
Some other investor said that you should give a company enough time to use and generate a return from the money it received from selling it's stock before you fundamentally expect to see the returns.
Economics-style thinking is very valuable. If you weren't blessed to have had a great economics professor in your high-school and college years, I recommend reading Freakonomics by Stephen Dubner and Steven Levitt. It was a required reading for my AP economics course and I thoroughly enjoyed reading it cover-to-cover.
Yes. For examples, look at the top comments for the top three HN articles on Foxconn in Wisconsin.
Toyota might not have chase short term profits like many American companies choose to do. After two hours of googling it (and reading english web pages only, not japanese webpages), the only notable thing I discovered was that Toyota pays out 30% of its profits in the form of dividends and spends 20% of its profits on share buybacks for a total shareholder return of roughly 50% of earnings each year. This indicates that Toyota is shareholder friendly but it's not clear if this is an obligation or a choice.
Instead of chasing short-term profits, I've observed that Toyota spends fair budget on advertising and showboating futuristic looking hype technology that is never intended to be released or used. Some investors primarily look at the daily news and are satisfied with this strategy. The technology Toyota intends on using isn't hyped up; it's kept a secret until it's actually released to drivers.
Finally 90% of Toyota Corporate Employees in the Plano, TX US Headquarters are contractors from other companies. Those ones sure as hell aren't getting any quarterly performance bonuses or any executive compensation. At best, the executives bonuses are getting to keep your air-conditioned job for another 3 years.
After working with Toyota in their multimedia and head unit design facility, I can see why car companies would switch from a set price of $300 to a yearly fee. It used to be that you just included a FM radio and a CD player and the driver was good to go. Now, these head units need updates every month. These updates mostly include compatibility with the latest IOS/Android, latest phone hardware, newer versions of Pandora/Spotify/iHeartRadio because people wanted to "thumbs up" their songs, newer versions of the HU OS because these new music app versions broke the old OS, newer maps and less embarrassingly-bad voice recognition. Behind these map updates, there's some tester with an H1B Visa getting paid a salary to drive around in a Sienna to take photos of discrepancies between the map and the actual road. Once you see this, it's easy to understand the switch to an annual fee. However, the largest cost comes from trying to connect to the latest phones to use their 3G/4G.
If Tesla wasn't hemorrhaging out money, I'd also wish Tesla had a cheaper car. But Tesla unsustainably lost $702 million last quarter and they need to make enough of a profit to pay back all of their debt and invest in building our future; otherwise they'll go bankrupt. The list of successful car company startups is short. As of 2016, the number of American car companies that haven't gone bankrupt is a grand total of two: Ford and Tesla. Starting a car company is idiotic and an electric car company is idiocy squared. Tesla's end goal is to make an affordable sports car, just as the Ford Model T was an affordable car for the masses that brought Ford from 9% market share to 61% market share. They just can't bring the costs down yet while they are hemorrhaging so much money.
Further reading: 1) https://www.tesla.com/blog/secret-tesla-motors-master-plan-j... 2) https://www.tesla.com/blog/master-plan-part-deux
Also, if you need to apply a different style, you can just include your custom stylesheet after the global or base stylesheet. As long as you use either the same selectors or more specific selectors, you will be able to override the previous styles. This is assuming the previous developer didn't make the bad design decision of using !important which usually can't be overwritten.