rcarrigan87

The lack of corporate oversight is key to why the podcast is so popular. Spotify should be careful not to mess up what they just spent $100m on.

This is the best thing I've read all week.

We've been seeing this in both San Francisco and New York and every week it just seems to increase. Most of our moving company partners who never pay attention to any data are also starting to notice a pattern of wealthy residents moving out.

https://www.movebuddha.com/blog/sf-outbound-surge-2020/

https://www.movebuddha.com/blog/new-yorkers-relocate-post-co...

"Why Nations Fail" offers a pretty compelling framework for why some countries are stronger than others. Changed my thinking on the role of government.

RE Honor - the home care industry actually has fairly tight margins.

Seems like this trend is only starting to begin...

https://earnestcapital.com/investment-memo-fund-2/

Which book is the post referencing?

Yeah, this doesn't seem to add much...was hoping for something a little deeper.

It's usually a 50-50 rev share

A lot of businesses look similar when comparing the basic idea. When you compare on execution things can get dramatically different.

Is the US run under capitalism? Seems much closer to some kind of capitalist-socialist hybrid with regulatory capture becoming more and more of an issue.

Health care and education are two prime examples of markets that have been regulated into the ground.

Arguments for or against HFT aside, the optics around HFT are pretty bad. Hedge funds getting rich investing millions in faster ways to trade isn't going to play well.

It does feel like most pure clickbait leads to some kind of supplement pitch...

If you want a much more interesting read about the few brands that dominate google this article is an excellent breakdown.

https://detailed.com/google-control/

When outsourcing content have you always just hired freelance writers or hired agencies?

I didn't want to manage a bunch of freelance writers so I went out looking for an agency to help execute our content strategy but it seemed almost all agencies were pitching way more on helping with strategy and less on their ability to create content.

Not surprised Ivy Leaguers make more money, but that wasn't really my point. The value of a degree is going down while the cost is going up. This is true for all schools. Why I applaud going after fraud, we need to be focusing on the bigger issue that the university system at large is unsustainable.

I'd be curious to see some data on whether or not people graduating from Harvard today make as much as people graduating 20 years ago. My guess is Harvard grads today probably make less because there are more college grads nowadays than 20 years ago.

Agreed, the value issue has many sides- school and degree are important factors. If we didn't have gov't subsidized loans that can't be discharged through bankruptcy the system would have naturally figured this out already.

The value of a college degree has changed whether you get the degree from an Ivy League School or a diploma mill. All colleges are basically false advertising at this point. The settlement will make some politicians feel good, but the reality is the entire system needs to be overhauled.

Concur on Thinking in Bets, very meh

I think you may need to forget who the author is for a second and reread this.

He admits luck plays a huge role in success [0] (especially if you're using the success of others to measure your own success).

He's saying competing with yourself is the best way to measure success and achieve fulfillment. This probably stems from a lot of people using him as a barometer of success in tech. Comparing yourself to others is a great way to be miserable forever.

[0] "Besides, you only have limited influence on whether you’re going to succeed at whatever you put your mind to. It’s by no means within your exclusive sphere of control. There are so many things that have to come together at the same time. Only a couple of which you own."

Wasn't at all suggesting we should make higher ed free. I made mention of the tax cuts because the Trump admin likes to talk about helping the economy but yet they've said/done nothing about student loans which are proving to be a massive impediment to economic growth.

I don't like the idea of the gov't choosing which degrees/majors are worth funding. We've derisked student loans to a point where lenders don't care about your income prospects. If we allowed students loans to be discharged through bankruptcy you would start to see a big shift in how loans are made. The reality is the entire structure of higher ed right now is a sham.

Some may have missed it, but the article casually mentions student loan debt as a driver of this change. Personally, I typically only eat out once a week to save money (and it's healthier).

If you peel back the curtain on a lot of ongoing changes in consumer preferences I think you'll find student loans are always a contributing factor to some degree - especially among younger generations.

And yet we aren't doing anything about it. Tariffs, tax cuts, etc. but rarely is it mentioned what a weight student loans are around the US economy's neck...

Risk-adjusted return

Student loan debt usually can't be discharged through bankruptcy so it's unlikely to cause some kind of panic sell-off even if the loans being made are low quality. The debt will continue to be a noose around the neck of consumer spending power. Indentured servitude 2.0.

Can you link to the talk?

This has been my experience as well. Most of the writers are either under so much pressure to pump out articles they just simply don't have time to fully vet every source OR they're a contractor and don't care to seriously vet the source.

Chattanooga is a fairly good example of this.

To my knowledge, licenses aren't limited anymore and it's fairly easy to get an interstate license.

State licensing varies but generally, it's easy as well.

It's actually a good industry to look at for any economist looking to study regulation affects.

In the 80s they deregulated the industry which led to a proliferation of shady movers and scams. Since the 80s they've been slowly adding back in more and more regulation.

For intrastate moves only about half of US states require a license.

For long distance, interstate moves it's federally regulated and requires a license.

Do a quick google search on 'moving scams' and this should give you a good idea why licenses and regulations are a good idea in this industry. It's ripe for scams and shady characters.

Unbelievable, some of the stories I could tell...