Viewing profile — rat_1234

This is my number one argument against HOAs: They are fundamentally un-American. Truly in every sense they are for collectivism over individual rights and it's insane. I live in a …

Say what you will about whether or not a private company like Paypal should have the ability to do this. What clearly is true based on this example is that if we ever gave this pow…

There are two games that come to mind that are/were like this: 1) Total War series — it's not FPS per se but there is the idea of managing the macro situation (resources, where arm…

Keeping your fixed costs meaningfully less than your non-variable compensation (i.e., RSUs) is the root of everything he said here. It's that simple.

I wonder how many bankruptcies could be avoided if more people just had some basic spreadsheet literacy. Before I bought a house, I built a stupid simple model to understand what m…

I wrote a CLI tool in Python for this exact use case and am currently using it to write a novel. Basically the CLI tool solves a lot of the tedious issues that come up (e.g., combi…

This calls to mind a quote from Cormac McCarthy's Blood Meridian: It makes no difference what men think of war, said the judge. War endures. As well ask men what they think of ston…

Well, the thing is that they cap the size of the fund at $10B so it's not really a CAGR per se as the original capital isn't appreciating at that rate. It's just they have $10B inv…

Agreed! It's easy to say 'you should be investing that capital into projects.' But I think people don't realize how much money is actually generated by some of these companies. I k…

Oh well sure I do as well. All they have to do is be less expensive than what Uber can deliver enough to get people over any concerns with technology and they're good. My point is …

I totally believe it. If you've ever taken a taxi in a market like South Africa, China, or Chile, it's so cheap it's insane. Almost unbelievable. In many cases the cars are more or…

Another good one (though a bit dated now) is Great Plains by Ian Frazier. https://www.amazon.com/Great-Plains-Ian-Frazier/dp/031227850...

The share of the wealth creation in Silicon Valley that has been captured by property owners is outrageous.

Unlike Ray Dalio, when Bill Gates talks about something like books it never feels like he's trying to impress anyone. It's "here are some books I really like and maybe you would to…

To be fair, no I wasn't working in managerial accounting in the 1980s. Maybe what would help is if you could explain what metric a reasonable manager would measure that would get w…

"However, accounting systems count inventory as an asset, so and any significant reduction in inventory had a negative impact on the balance sheet...successful JIT efforts tended t…

Fair point! I think a way to look at it is what earnings multiples companies trade at signals to companies how much money they can raise in an IPO or follow on equity issues. For e…

Ok yes that's definitely a fair point. To be clear I like the idea of the tax code being simpler and rates lower since it unlocks more NPV positive projects by removing an importan…

I've heard the former but I have never heard the latter unless it's been one of my friends in PE trying to justify it. It's the investor's job to make sure their investments are pr…

Or correctly price it. Congestion isn't a capacity problem, it's a pricing problem. EDIT: Given the amount of infrastructure we already have that is.

Your first example is very old school thinking. When a company 'craters' it's not like everyone gets off scott free. All of the people holding the debt, usually big, savvy banks, w…