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The capital gains / income tax rates have only a minor impact on the weight of growth in valuation models. One way to see this without getting to technical: there are a number of (…

Just to take issue with one piece of this, the crash requirements do need to compete with commercial aviation, because in the customer mindset they will.

Probably parents realizing their children were making in-app purchases beyond what they (the parents) were aware of, and charging them back as unauthorized use. The cc processors p…

There are two other reasons bike lanes don't have the kind of demand induction properties that roads do: -Bike lanes (and ultimately, bike destinations) have way higher humans-per-…

Lots of comments here on the causal side of elite production, but just to float an alternate possibility: This could just as easily be suggesting that "overproduction" of elites is…

>It's surreal to see people minted with money for life and yet deliver so little value. That sort of arbitrage usually only happens on Wall Street. This must be a joke? The multi m…

I read a study a while ago arguing that reactor cost was as expensive as it is because nuclear plants are so large, complex, and infrequently built that each project is essentially…

This ignores the fact that everywhere (including countries where wealth taxes are implemented today), there is a floor below which the tax does not kick in.

Turmoil, yes, but internalized to the corporations impacted. One of the major impacts of the financial crisis a decade ago was the massive increase in private equity ownership of r…

Related question: What's the tech here that this can be accomplished (streaming data via satellite) without spectrum? Spectrum assets are some of the most valuable assets in the US…

Sorry, wrote that quickly and wasn't super clear. What I meant was ranking. The S&P 500 is what's called a "cap-weighted index", where companies are ranked 1 through 500 by market …

One other note on Tesla in particular, that I think the other comments here have largely missed: Tesla is--and has been for a while now--the largest market cap company that is not …

#1 Interest rates are as low as they have been in an extremely long time, people/institutions want higher returns so they are putting money into vehicles with higher returns(stocks…

>Amazon is an formidable acquirer and probably the only big-tech that knows how to squeeze from their M&A activity. Not really sure how you're using "squeeze" here, but Instagram a…

Unfortunately, the volcanoes have thus far resisted public pressure to reform.

A bunch of other folks have replied to different pieces of your comment, but I just want to point out that nearly all major index/ETF providers have halted rebalancing + reconstitu…

House of Leaves is a great novel. Will feel like a completely fresh take on narrative form. Infinite Jest is also great, if you haven't read it. It gets a lot of bad press mostly d…

Other states have tried to go before Iowa in the past--being the first state to vote has significant benefits to the local economy, as campaigns spend ad dollars, hire local teams,…

There're like three sub-threads to your comment now of people getting it wrong. What you are describing is Gross Bookings. If you don't believe me, Uber's quarterly financial resul…

The cost to Uber users is not the same as revenue to Uber corporate. Uber corporate revenue is net of driver pay.

You seem to be suggesting there's a media bias here. I think probably an honest answer to your question is "Tesla has all of these advantages in data gathering, but is not operatio…

Maybe that's reasonable in private markets, but Logmein was a public company (LOGM). Valuations and multipliers for public equities are the consensus of a set of investors who buy …

The countries you cite are able to have a minimum wage of zero because it's coupled with a robust social safety net (sometimes along with other backstops--Norway, for instance, is …

On a forum so enmeshed in tech and startup culture as this one, yours is a particularly hot take.

Ethical considerations aside, one of the other drivers of this is the origin of some of the money involved here. Most of the largest sovereign wealth funds globally are the result …