Viewing profile — kesselvon

The US had a whole host of laws that made pulling out cash from businesses very expensive, but investing in them very easy. So you had a strong incentive to increase salaries, hire…

This isn't really true, because up until relatively recently most university funding came from the state and not tuition. The decline in state support led to higher tuition costs; …

Vibe of the story is middle class retirees moving to Vietnam to have an upper middle class retirement; nobody on the median income line in the US can afford to have in-home staff t…

Titles are important for pay reasons, as they correspond to pay bands. People that say titles don't matter are probably already making outsized compensation and don't find it impor…

The point made is that boards bend to founders, and many founders control the boards anyways, so the board is a big rubber stamp rather than any kind of control mechanism.

I feel it has to be. Who is tipping their movers only $5?

Poor people don't buy lotteries because they're a good investment, they buy them because its fleeting hope that they'll escape their circumstances. Probability is like...a Grade 5-…

This is pretty historically documented, and kind of something that still exists as a holdover in ex-Soviet countries. The lying became so pervasive that it was impossible to tell w…

The idea that the Great Lakes are going to be tapped to solve water problems outside the watershed is fall flat when they realize those Great Lakes states aren't going to sell off …

Consolidation is not a function of technology, but a function of unregulated capitalist economics.

There's way too many competitors, and it probably pushed margins way down. B2B competitors like Drift charged insane amounts for their chatbot.

Yeah, thats exactly what net income means. Its an accounting of the actual profits your company generates after all expenses. Its a standardized measure, which means you are able t…

Base inflation is never zero. In the article he mentions the 1.8% average inflation rate, plus 2% attributed to gov't stimulus, and 3% towards corporate profits. That adds up to a …

Visa has a net income of 50% its revenues. There's a loot of margin for the taking.

Best time to plant a tree was 20 years ago, second best time is now. Summers is not the best guy for policy advice, as he's been very lax on the wall street crowd for a long time. …

I think what they're saying is fraud isn't murder. The median murder sentence in the US is like 15 years.

You don't even have to influence. DoJ is naturally going to take interest when a huge startup that has the Secretary of Defense on the board goes belly up.

a P/E ratio of 4.4 is nuts. The fact that we normalized that is wild. Same for committing 30% of net income to housing.

Enterprise businesses are a majority of the workforce and drive trends that are followed by small businesses.

Employer underhanded tactics are so common it's an SOP.

It's not a lot of money in San Francisco , where you're fighting with every tech company employee for housing

Flooding your public website form isn't a crime in the same way prank calling a customer service line isn't a crime.

Land isn't scarce, but economically viable and productive land is scarce. Economic viability is a moving target, but for the most part pretty steady.

There are a lot of places that offer an education budget of a few hundred dollars. This kind of thing would fit perfectly into that.

Yes. The vast majority of the population has no idea how excel works, or have ever had any kind of training in it. I've personally worked with people that would do the formulas by …