Viewing profile — dragontamer

Cash/dollars with respect to 10Y Bonds, Stocks, or other instruments. When Cash becomes king, for whatever reason, it behooves the economy to sell of all other assets and buy Cash.…

A recession is a cash/dollar bubble. First cash/dollars are considered bad so they collapse in price. When the psychology shifts, suddenly the dollar climbs in value and itself bub…

Matt Levine doesn't talk about what's good in finance. Matt Levine talks about what's bad in finance. Very consistently. If you think that Matt Levine is making something sound sen…

> someone else. > Cite better skeptics! You are welcome to share any that you know.

For all of Zitrons faults, he has workable numbers that a can be used and cited in arguments.

And I'm sure Galileo didn't like the idea of geocentrinism either for irrational reasons. Seriously, good enough telescopes havent been made yet and he's all confident etc. etc. Bu…

It all comes down to the fact that Zitron thinks these AI companies are over levered and have significant chances of collapsing industry wide. Yeah he uses more words to say it and…

I thought Ed Zitrons argument was just corroborated by Nikkei last Friday with the new report that 1.6 Trillion in SPVs accounts for off-books debt, on top of the $1.4 Trillion of …

In practice? To Elon Musk and Mark Zuckerberg. Who have crafted companies who have virtually no voting rights but get purchased up by the masses through passive index funds.

Reread what I wrote. More money is in passive now than active. On a dollar basis, there are fewer votes purchased dollar for dollar. Even then, active funds don't always offer prox…

You do realize that passive funds have more money than active funds today, right? https://finance.yahoo.com/news/passive-etfs-hit-tipping-poin... Sometime last year, passive funds …

What 401k program do you or your peers have that allows you to buy funds outside of the few, selected by the 401k manager? I certainly can't buy individual shares in my 401k progra…

I'm not saying I like this turn of events. I'm saying it's how the world works. The majority of pension funds (public or private) and 401k plans are simply passive index funds with…

Could you explain to me how an investor owning SPY shares gets to control the proxy vote? Oh, don't worry. I already know the answer. I'm asking if YOU can tell me the answer.

The typical "investor" is an ETF these days. Your standard SPY or VTI investor doesn't know jack diddly squat about shareholder rights, nor do they ever plan to invoke them.

I'll admit that my only understanding of Gnostics are the random anime references to the Demiurge or other Gnostic concepts (and nearby Wikipedia pages). It is an utterly fascinati…

Catholic here. We don't actually place that much emphasis on Genesis or the Bible in general. A lot of Catholic traditions are outside of the books: the sacraments, the assumption …

Because they used a pirating website to get the material and stored them on their servers for personal use. The AI training part of the court case was deemed fair use.

Counter point: the opening song of Beauty and the Beast starts with "Bonjour". Basil of Baker Street (Great Mouse Detective) literally saves the Queen of England. Robin Hood and Th…

Those Teslas were controller-less SSDs IIRC, common in the cheap embedded world. Modern proper SSDs for computers do their best to spread out the writes (TRIM, and other features).…

What work of Disney (company, not the man per se...) is more influential on the modern American Psyche (today, in 2026) than Ironman, X-Men or Spiderman? Moana? Sleeping Beauty? Mi…

Its not like Walt Disney personally wrote or drew all his stuff either. Stan Lee was closer to actually making the story than Walt Disney. But yeah, Jack Kirby would be closer than…

Stan Lee probably had more influence than Walt Disney in terms of how Americans see themselves and how people around the world sees us. Walt Disney is overwhelmingly about older st…

wait/arrive seems obvious to me. So I'll talk about that... As a synchronization primitive, its very useful for things like: parallel_memset(data, 0); // The 1024 threads go off an…

GPUs are absurdly SMT. Like 8 threads or 10 threads (or tracked instruction pointers) per hardware instruction execution unit (for AMD, the Workgroup Processor, WGP) I have to imag…