My favorite fun fact about the colors monk's habits is that The Order of Friars Minor Capuchin, a branch of the Franciscans are at the root of the words cappuccino and capuchin monkey.
14,997 karma · joined May 16, 2012
Would it offend your sensibilities less if they paid dividends with that money?
Buybacks are simply a more tax advantageous means of returning profits to share holders.
Similarly debt financed buybacks are a morally neutral way to change the capital structure of the firm by replacing equity with debt.
But even more so, markets enforce discipline on capital that state directed firms don't have. Everyone decries executives who "only look as far as next quarter's profits", and while admittedly at the margins that can have perverse incentives, in the large it demands that management put capital to work at profitable enterprises selling goods and services the public actually want.
Straightforward (and plausible) are not the same as true. Random perturbations are a parsimonious explanation, but a deeply unsatisfying one. With respect to matter vs antimatter, my understanding is that this remains an open research question in physics.
From a practical perspective, how does that work? I understand if you’re making widgets on the assembly line, you’re gonna keep coming in. But if you’re doing creative work or close work with customers, isn’t there a concern that you’re effort will definitely flag and you’re gonna do crappy work?
https://www.macrotrends.net/global-metrics/countries/jpn/jap....
You can describe that as ‘recently’, but it’s an entire generation.
The 900 Days is an eye-opening and compelling book about the siege of Leningrad. Highly recommended.
The classic and oft heard “How did this ever work?”
I would rather they reformed patents for pharma and medical devices, and fought regulatory capture more than intervening more.
Small government types are often caricatured as being blindly pro business, but they realize that every new regulation is a chance for regulatory capture and help businesses to build a moat.
(Emphasis mine)
Am I reading that wrong or are the kitchen tiles in the images impossible based on the statement above
I'm pretty sure that virtually all of the stupid people buying a lottery tickets understand that lottery tickets have a negative expected value.
But so does insurance, and yet people rationally buy that.
Higher moments matter. When you have wealth you pay to reduce variance. When you lack wealth you pay to increase it.
Not true in New York City. See all the busses and all the stops. Estimated number of passengers and arrival times.
Raise your hand if you think that would be better.
What is beauty?