1,670 karma · joined October 16, 2015
https://www.youtube.com/watch?v=PwQns6vGfj4&list=PL4NL9i-Fu1...
"There are dozens of us!"
Could you elaborate in what ways money influenced Turkey to speak out about it, where others didn't? I'm intensely curious about this.
I've played those games successfully, a la GME and BTC. But I don't feel good about the proposition. I feel more and more that Charlie Munger is mostly right on this one.
https://en.wikipedia.org/wiki/Alleged_Saudi_role_in_Septembe...
"We need more than deplatforming"
https://blog.mozilla.org/blog/2021/01/08/we-need-more-than-d...
> RH offered to open up stock market investing more broadly. They succeeded, clearly. But the regulations didn't change - there are still pro-Wall St, pro-incumbent rules and capital requirements. It's one of the most highly regulated industries in our nation. [0]
> So @aoc is right to ask how it can be that Robinhood stopped its clients from buying certain securities. And what she'll find is that the reason is that Dodd-Frank requires brokers like RH to post collateral to cover their clients' trading risk pre-settlement. [1]
> And it isn't the Fed or SEC who sets the rules. It's the Wall St owned central clearing entity itself, DTCC, that makes its own rules. So when the retail masses decided to squeeze the short-sellers, in the middle of crushing them, it was govt regulations which tripped them up. [2]
This last tweet in the thread was made about 13h ago, about a day after the previous last tweet in the thread. It's quite interesting, if you ask me.
> Update: the plot thickens ... @The_DTCC may have exercised its right to add additional margin charges for a set of these stocks. It's a Margin Liquidity Adjustment Charge. [3]
[0] https://twitter.com/KralcTrebor/status/1354952710202814470
[1] https://twitter.com/KralcTrebor/status/1354952711217807364
[2] https://twitter.com/KralcTrebor/status/1354952712400601099
[3] https://twitter.com/KralcTrebor/status/1355175395642003456
For the people who see no issues with any of this, shall we shut off their water and electricity too while we're at it?
Disclosure: Not affiliated with Signal, but I donated $20 to them to support their mission. And since this is on a post about GME, I am a GameStop customer, but I do not own nor have I ever owned GME stocks. I am a WSB and GME supporter. I purchased $2000 in Bitcoin last night for the first time ever after the GME trading shutdowns on Robinhood and others yesterday.
EDIT: had the wrong link for Signal.
* Low Risk
* Low Stress
* High Reward.
Pick two.It seems less down to choice than personality in terms of which two you personally should choose, but understanding the tradeoffs you're making is a good thing regardless.
> Once America became embroiled in World War II, there was great concern that rampant inflation would threaten America's military effort and undermine its domestic economy. The concern was valid, as Americans had witnessed what inflation had done to war-torn Germany, devastating its economy and giving rise to Hitler's regime.
> To combat inflation, the 1942 Stabilization Act was passed. Designed to limit employers' freedom to raise wages and thus to compete on the basis of pay for scarce workers, the actual result of the act was that employers began to offer health benefits as incentives instead.
> Suddenly, employers were in the health insurance business. Because health benefits could be considered part of compensation but did not count as income, workers did not have to pay income tax or payroll taxes on those benefits. [0]
You can also read about this in a 2017 NY Times article [1]
[0] https://www.griffinbenefits.com/blog/history-of-employer-spo...
[1] https://web.archive.org/web/20210109190532/https://www.nytim...
https://youtu.be/oTugjssqOT0?t=1256 (Timestamped link of the "Time Management" talk by Randy Pausch, which is what the OP PDF is from)
That part in the talk is about the "Eisenhower Matrix", popularized by Steven Covey in "The 7 Habits of Highly Effective People", on the importance of prioritizing important, non-urgent tasks over urgent, unimportant tasks.
You can read about it here as well, but I haven't seen it put as well as Randy Pausch did in his talk. https://evernote.com/blog/work-effectively-with-the-eisenhow...
PS If you haven't seen his "Last Lecture", it's also fantastic. I watch it about once a year to re-center myself, and remember to focus on the truly important things in life. https://youtu.be/ji5_MqicxSo
Personally, I would love an M1 Mac Mini that ran Linux well. Very exciting development.