malandrew

Stock markets are natural monopolies. Liquidity begets liquidity. What would cause companies to choose other exchanges and what stops the dominant exchanges from adapting to changes that threaten its liquidity advantage.

Is there anything stopping the NYSE, Nasdaq or CME/CBOT from handling trades in another currency?

I’ve done both kinds of work on my own home. Calling it back breaking is pure hyperbole. Is it physical, certainly. But it’s something you can easily do until you’re 50 without issue and between 40 to 50, you can start taking apprentices that do the taxes that benefit from youth. Of the plumbers and carpenters I’ve hired, they are all in no worse shape than other adults their age.

I sit at a computer all day and it’s not good for my body either as I’m more sedentary than is healthy. I would say that my work is equally unhealthy but in different ways.

What is the energy density by volume?

Which is more important for cars? Weight or volume?

I would imagine that volume ultimately controls how much you can fit and that weight just negatively affects range of you have too much.

I would say that this issue is the lack of consideration for the duration of the non-compete. If a company is willing to pay me my full salary for the entirety of the non-compete, they seem reasonable. That said, it should still be something that’s optional.

I was looking into this recently and while I didn't find a great analysis, the impression I got was that financialization of the economy is a big part of this.

There are tons of tax benefits for owning land and for many of them you don't even need to produce anything or even have a working farm. You just need to own eligible land. Combine this with the fact that farmers are often capital poor so a lot of farmland is leased from those that own it. We basically have the same issue that renters are facing in modern urban America but with farmers.

Getting the financial industry out of assets we can't make more of seems like the obvious choice.

https://farmfolio.net/articles/why-is-bill-gates-investing-i...

https://www.knightfrank.com/research/article/2022-06-08-why-...

I assume FAA Part 107, the basic license you need as a drone operator, wouldn't fully allow you to do what you're doing in the US at least. You're using the drone to go check on things you can't see from home. If you're lucky you'll be able to maintain visual contact with the drone, but you'd still need to go through the trouble to get a license.

This is a shame really because it really sounds like a pretty good use case that would be easy to adopt if you could just go down to some farm supply company and pickup a drone and be flying it over your farm the same day. Instead you end up having to figure out licensing requirements and worrying about the restrictions when you don't really want to deal with interpreting and understanding FAA regulations and you shouldn't really have to if you're using the tech over your own land in a rural setting.

Would be cool if one day you could buy a Matterport or Leica Disto equipped LIDAR photo scanner (like Fixar or Wingtra) to survey the entire property based on GIS tax parcel data and then in the software you could select things to photograph on a regular schedule and all you'd have to do is look through the photos each day. Eventually machine learning could be used on the photos and you'd be able to have something like pagerduty for agtech as someone mentioned elsewhere to tell you where to focus your time.

Not sure how well this would work with some livestock since I can't imagine they would like drones buzzing about.

That said, I've got no ag experience so not really sure how much labor this really saves. Just cool to think about.

This also seems like a great way for Harvard to colonize as many institutions with graduates easily. If employers don't know about the compression at the top and they do value GPA and the reputation of the school, it likely creates a situation where a Harvard graduate gets employed at a company even when doing poorly on the interview because "Hey, we'd be stupid to not employ a Harvard graduate with a 3.8 GPA. They're top of their class from a very reputable institution."

Over time this puts enough Harvard people in institutions and Harvard people have a reputation for alma mater nepotism (that I've personally observed multiple times).

Almost all major US institution from media companies to banks to government have their upper ranks colonized by Harvard grads.

Does the law specify the type of charger? Like do they have to allow you to install a level 2 charger or only a level 1 charger?

The other issue is having capacity in your panel. Most level 2 chargers are at least 50A and the average house has a 100A to 200A panel. Depending on your appliances, you may or may not have enough space left in your panel without doing at minimum a panel upgrade if not a service upgrade. Just adding an L2 charger is like $2000 or more depending on labor. Switching from 100A to 200A or 200A to a second 200A panel is about $5000 or more in parts and labor (this is on top of the parts and labor for the charger). If you also have to get the utility company to upgrade your service that’s another $5000 or more depending if you need to buy a new transformer for your pole.

This stuff can add up fast if you don’t already have capacity.

My frustration is that they used to recommend you content you’d be interest in. Once they started making more money off original content and some licensed content the recommendation algorithm morphed into being more and more biased to the content they make more money on. Other than searching for the exact content you want, all the suggestions are so bad that I frequently start browsing on Amazon first. Haven’t reached the point of cancelling but it might get to that point.

That’s why it’s better to have a mix of assets, some that can be easily liquidated, than cash.

$1m in the right assets could become $4m in youre scenario with the same purchasing power of the $1m before inflation.

In reality, you’ll probably lose some value though because the people holding cash that now have far less purchasing power, which torpedoes demand. Still better to be in assets than cash though.

What if you use the plastic as a foundation or filler covered by a layer of asphalt?just curious if it’s possible to elongate the plastic tire interface and eliminate pulverization

Imagine paying in from age 15 to age 55 and then being told that in 10 years you’re going to 74% of what you’ve been paying for for 40 years. You’re 4/5ths of the way there before the bait and switch.

That’s not the material reality you’ve described because you immediately followed with “…everyone feels…”.

Material reality would be something measured in objective material benefits enjoyed.

Everything people read and consume today teaches them to feel things are worse because doomscrolling produces greater engagement.

It’s the same reason people feel “injured” (offended) by things that boomers in their day would find laughable.

It’s incredibly profitable to sell people their own discontent.

The US population has also grown by over 50% since 1965 or so. That’s a lot more competition for land.

The percent of Americans living in urban areas has also grown over time.

Together we have more American competing for limited urban real estate.

https://www.researchgate.net/figure/Percent-of-US-Population...

Came here to say the same. The cities boomers grew up with are not the cities of 2022. Most of the interesting things that exist today in cities either didn’t exist for boomers when they were our age or was incredibly scarce and only within the reach of extremely wealthy.

If you want the boomer city experience, you need to go pick a city today that compares to a NYC, LA, Miami or SF in the 1960s and 1970s. Nothing like 2022 NYC, LA, Miami or SF existed in the 1960s and 1970s.

That’s not the contract though. I and many others here have been paying in for years with the expectation that I can withdraw at 65.

Honestly we should allow people to opt out entirely if they can demonstrate that they are adequately funding their own retirement/disability on their own plan.

Social Security as it exists now is a Ponzi scheme.

Wow. Just got citizenship and I was in disbelief. So glad I missed this. Absolutely dystopian to have to submit to a physical for citizenship for any country.

What people don’t get is that the opposite of conspiracy theorist is also a sort of theorist that chooses the prevailing narrative or status quo. A friend of mine coined the term complacency theorist.

Brilliant answer. This echos what I tell people about what you do after the senior level role. Senior means you’re leading usually one service or a small cluster of services with very few engineers involved. It’s largely a technical problem from junior to senior. After senior, you’re primary goal is addressing the human problems in the system.

The problem is that even if there weren’t brain drain, you’d still have less progress now because institutions trend towards bureaucratic risk “management” that all but neuters talent. You could have someone 2x an Einstein or an Oppenheimer and they will never produce what either of those two did because the institutions they would work for today are fundamentally different than the ones Einstein and Oppenheimer worked for during WWII.

At the same time, there’s more than enough signal that we’ve done an intentionally terrible job looking into adverse effects, intentionally so because if the data isn’t there, it’s hard to demonstrate liability. On top of that there have been numerous examples of anyone trying to apply the null hypothesis being intentionally smeared or discredited because applying the null hypothesis was essentially against public policy for the vaccines. The way things have been handled have been less than honest. I know several people who have had issues after taking the vaccine. My father died like 2 months after his second Pfizer vaccine shot and at the time we didn’t do an autopsy because he had a bad ticker and it didn’t seem necessary. In the time since, I’ve learned enough to regret not requesting an autopsy to check if side effects from the vaccine had not been a contributing factor to him passing away sooner.

Other than some niche tiny firms catering to the stupidly wealthy (the 0.1% and above) like a dynastic family investment fund, I can’t think of any. Can you elaborate on some examples?

This has been my observation as well. When I meet a boomer that went to an elite school I often find them impressive. Anyone that is a millennial that went to an elite school, rarely is more impressive than the folks I’ve met from second tier schools. For Gen-Z it’s a mixed bag.

All those schools have going for them these days is a reputation that’s no longer deserved, social connections, wealth and a sense of entitlement that scores them freebies from time to time.

I don’t know the answer here but I imagine a cultural attitude that reserves the greatest shame for anyone expressing authoritarian attitudes of any flavor.

The problem we have today is that people will look at disdain for one flavor of authoritarianism as an argument to impose a competing flavor of authoritarianism. Those with an authoritarian tendency exploit this dynamic actively such that societies are constantly oscillating between the different authoritarian policies, accumulating more liberty reducing rules with each swing of the pendulum.

~$78k post tax, means that someone likely needs to earn $120k or more in income to foot this bill. That’s an astronomical sum when you consider that the US median household income is about ~$71k. $120k is around 87th percentile.

I’ve been saying that we need some sort of walkabout for while now. Turning 18 is a terrible proxy for adulthood, especially in a world where we continue to infantilize and arrest the development of young folks by further sheltering them.

We need a better proxy for maturity to do things like vote than just how many years you’ve existed.

San Fransisco isn’t a person and therefore can’t have an opinion about whether to inforce laws. What you have are people fighting for control of San Franscisco (and other jurisdictions), some of which want control and don’t want to enforce laws and those that do want control and want to enforce laws.

In pretty much all jurisdictions, the latter group is more forceful, more aggressive and more determined to take control to impose their own flavor of authoritarianism, left, right or otherwise. The only group consistently failing to take control are those that would take control and actually make a point of leaving you alone.

Fake accusations can happen for lots of crimes, not just rape. All it takes is someone being vindictive or petty and knowing they can get away with the fake accusation to destroy someone. In these cases, the system becomes the weapon. When you eliminate foundational elements of a justice system like innocent until proven guilty or the ability to question your accuser, you’re changing it from a system from justice to injustice as people realize that it’s an even better weapon with which to enact revenge than a gun or a knife because you can destroy someone with little chance for being held accountable.

You can’t find daycare with that ratio.