440 karma · joined January 4, 2013
I actually can't believe he didn't get jail time given the severity of what was uncovered.
When you say that generating graphs of gross margin, EV/Ebitda is just one step further, are you talking about generating those based in just a single report's information or are you combining information from multiple years to for example show gross margin trends over 10 years and EV/TTM Ebitda?
We should be rooting for the small guys like this who shake monopolies out of their complacency.
Actually if you're a bank whose business model is predicated on interest spread between your assets and liabilities you do care. This is particularly true for banks like SVB whose duration of liabilities (deposits) is short because suddenly cost of deposits rises while longer-duration 'held to maturity' assets still generate the same (low) rate of interest. Suddenly the bank is loss-making.
People are talking about mark to market like it's irrelevant but it's actually a very important market signal. It is not just relevant for balance sheet valuation. It is also a signal of future income statement profitability unless duration of assets is well matched with duration of liabilities.
Note the science on this is messy. Jaeggi's paper suggested transfer to fluid intelligence, then another paper questioned that, then she wrote a better designed follow up, then another paper questioned that.
Anecdotally I think it worked for me. I personally think the difference in study outcomes may have been driven by differences in how diligently study participants stuck to the regime, or perhaps even how well they understood what they were supposed to do.
A second recommendation is to read John Medina's book 'Brain Rules for ageing well' which has lots of tips for combating cognitive decline.
It says in the article that would have cost 7k.
Also could you please expand on the thought process behind this heuristic?
If you ask me though, based on this paragraph they did actually find the world's longest horror film! As for the anti-capitalism hints in the article, try watching an 857 hour film without starving in a non-capitalist economy!
"There came a point about three weeks into my viewing where the maddening, non-Euclidean shape of Logistics fully formed in my mind. I had an unnerving migraine. I could barely get myself together, let alone watch a boat not move for nine hours. I thought about quitting or taking a few days off, but then it occurred to me: the crew of the ship couldn’t quit, and the filmmakers couldn’t take a day off. I was now a part of this filmic thing, and I couldn’t stop until it was done."
Also Europe produces a lot of electricity with natural gas fuelled turbines.