Viewing profile — jocaal

This is a naive take. Sure they had wealth, but multiplying wealth to the scale some of those people do is no easy feat. I am not defending them, just trying to state a fact.

That utopia exists, the only problem is it is a communist country where you have no individual rights and can't own land.

It's simple accounting. Net money in must be more than or equal to net money out when adjusting for any temporal changes in the face value of the assets. If you use more than you p…

Funny how people complain about federal debt, when the people complaining benefitted the most from the system. It is your children who will be paying the interest, while the older …

No, I was under the impression that foundations must be established with a non profit goal in mind. I thought you cannot just give beneficiaries cash. I see I was mistaken and that…

Also estonian law doesn't recognize trusts, so if you want to save your assets for your children that's a problem.

It will hit their balance sheet. For the debt to get the credit rating they want, facebook must commit to spending money on whatever the special purpose vehicle is doing.

Competition doesn't have to be merit based. My view on competition rules is that it should prevent winners, period. If there is a company so good that they can effectively monopoli…

> How does a system that rewards people for being good at what they do 'take away liberties'? Define being good at what you do. It's not such an easy thing. IMO the best way we can…

The system is too big and complex for there to be a notion such as merit. We are animals and just like all animals we must fight to survive. Some people get lucky, some get unlucky…

You cannot however sell only SpaceX shares from your ETF to cover your short's losses. So due to liquidity issues I wouldn't recommend your strategy.

Why though. This is a dead serious question, what is the difference in using financial derivatives and prediction markets. Both are a transaction between parties that is influenced…

How are radio telescopes and mars rovers in my interest? How would you know what is in my interest? I worked for my money so the person in the best position to judge what is in my …

What actually happens is, smart people are isolated from the problems of the general population and work towards meaningless goals at the cost of the everyday tax payer doing ungla…

Funnily enough, the future of the Chinese economy depends on being able to access their local market. The chinese people save too much and aren't buying their own products

I don't think many equipment makers are Taiwanese. The names I am familiar with are KLA from the US. Tokyo Electron from Japan and ASML from Netherlands. TSMC buys equipment from t…

Funnily enough, linear algebra is a good example of how doing doesn't lead to understanding. Just calculating eigenvalues and eigenvectors don't give you the geometric view of what…

Power travels near the speed of light. In theory, the entire globe can be connected and countries with daylight can supply those at night in a cycle.

I don't agree. How can wasting your money in your twenties and thirties be more valuable than saving for an early retirement. Imagine being able to retire at 40 and do whatever you…

The act of grading itself is what's wrong with colleges. Different people learn at different paces. Forcing everyone to work at the fastest rate and then judging them for not perfo…

> I'm a paid subscriber of open AI, but it's really just a matter of convenience. The app is really good, and I find it's really great for double checking some of my math. That rig…

> let them hire the best of the best The sooner people realize that there is no such thing, the better. People are extremely incompetent in judging competence. With that said, the …

Past a certain point, skill doesn't contribute to the magnitude of success and it becomes all luck. There are plenty of smart people on earth, but there can only be 1 founder of fa…

It's not the tech that matters, it's the amount of users. See snapchat vs instagram.

I don't think it is that deep for Trump. His sloppiness is great for the media because his choices lead to endless content. He is great for the unofficial media because everything …