Live data from Hacker News

Who Are My Investors?

avc.com

201–210 of 264 posts

Re: Who Are My Investors?

#201
post #179
post #153

Earlier quoted context omitted.

the same could be said about a lot of dictators. these guys make it so that there is no other option (by killing opponents) for the country.

Obviously a functional democratic society will stomp a dictatorial one on pretty much any axis you care to think of. Having acknowledged that central point, we can't just say "dictators are bad". We can say "democracy is better", but there are instances where democracy doesn't work. For a realpolitic example, great powers have a long history of quietly corrupting and overthrowing democracies where their interests con…

“stomp” is a bit exaggerated... Democracies are usually more economically efficient, whinch in the long run means more productive power for tech progress or weapons/munitions manufacture. But the catch is “the long run” there is some history of tribal/ dictatorial states distabalizing democracies and “winning” if they do it quickly and ferociously enough. Or even just ferociously.

A very good source of info about a lot of the powers and incentives in something like this is the “rules for rules” youtube video from cgp grey https://youtu.be/rStL7niR7gs

Re: Who Are My Investors?

#202

I've come across this problem a few times when running a hedge fund. To what degree does one care where the money came from, aside from following AML rules? I get the feeling you only write articles like that if you have more people wanting to invest than you have capacity for. - A friend called, asking for a recommendation for a job he was applying for. And advice about whether it was worth taking. Turned out, it wa…

Good points but "where do you draw the line? It's not clear" is fair observation but not a conclusion. You DO have to draw the line and just because where to draw it isn't clear doesn't absolve you (or anyone!) from drawing it.

Yeah exactly - this isn't a minor inconvenience, it's a fundamental part of being in society.

I appreciate OP's point about lack of clarity, because yes, the capitalist game has nothing to say about anything except following whatever you can get away with. But that narrow game is being played in a much broader context of society that exists because of a broader social contract and set of values which keeps everything running.

The reasonable answer to where you draw the line is: when something is no longer compatible with your value system. And if that's not clear, the issue is that you haven't yet spent enough time defining your values. That's the thing to talk about, research, consider, ask advice on, etc. People having a solid, well-tested personal value system is critical to society's function, because that informs how groups of people like companies then operate, and so forth on up.

To make a bit of a broader (and possibly controversial) point on this, we're in a situation right now where software engineering and finance are two fields with the highest leverage in society, yet these fields are some of the least concerned with values/ethics, from the point of view of both the education and experiences people gain in these fields. Small parts of these fields may care a great deal about values/ethics, but broadly speaking the situation we're in is "with great power comes great unawareness of responsibility." It's weird and scary.

The result of this lack of concern is that many powerful people have under-developed and unsophisticated personal value systems, and consequently do not know what to do in ethically nuanced, important situations like what OP is bringing up. There's a whole lot of people in tech waking up to this realization nowadays. It'd be nice if we were able to fix this at the source and raise the next generation right, rather than flail around rediscovering this every few years when yet another societal crisis hits.

Re: Who Are My Investors?

#203

I've come across this problem a few times when running a hedge fund. To what degree does one care where the money came from, aside from following AML rules? I get the feeling you only write articles like that if you have more people wanting to invest than you have capacity for. - A friend called, asking for a recommendation for a job he was applying for. And advice about whether it was worth taking. Turned out, it wa…

The only thing necessary for the triumph of evil is that good men do nothing

Your entire post is prevarication in an attempt to justify taking the money of a murderer.

Re: Who Are My Investors?

#204

I've come across this problem a few times when running a hedge fund. To what degree does one care where the money came from, aside from following AML rules? I get the feeling you only write articles like that if you have more people wanting to invest than you have capacity for. - A friend called, asking for a recommendation for a job he was applying for. And advice about whether it was worth taking. Turned out, it wa…

The only thing necessary for the triumph of evil is that good men do nothing Your entire post is prevarication in an attempt to justify taking the money of a murderer.

Which example would you say that is?

Re: Who Are My Investors?

#205

Earlier quoted context omitted.

I just want to mention that Gaddafi brought a lot of development to Libya and his death did nothing for his people. It's easy to say "oh he was a dictator and dictators are bad" but it's not so simple.

I've found that the west has a democracy bias. It assumes that democracy is intrinsic to people and it's only a matter of "liberating" them from tyranny. But as history is proof, there is nothing intrinsic about democracy. Democratic revolutions were hardly organic in much of the world. Most countries have known nothing but monarchy and/or dictatorships. To impose democracy on them would perhaps be as cruel as lettin…

> I'd say that people should be allowed to manage their own affairs.

> If a country is better off with a dictator, then so be it.

Those do not mesh. Democracy _is_ allowing people to manage their own affairs.

Re: Who Are My Investors?

#206

Earlier quoted context omitted.

>Take plastics use, for example, it's better to focus energy on banning them completely than to check each and every shampoo personally for microbeads. The vast majority (>90%) of the plastic waste in the world's oceans comes from a few rivers in asia that run through countries that have minimal to no garbage collection/sanitation services for the cities that border the rivers. Investing in appropriate waste manageme…

That isn't the same issue as microbeads though, because those hit our tributary rivers and lakes where ecosystems are less resilient. But even if you are right (and I'm more than willing to change my mind here) it only speaks to my larger point: Let's focus on the real problems at their source instead of putsing around with micro feel-good-measures.

>Let's focus on the real problems at their source instead of putsing around with micro feel-good-measures.

On that, you and I are on 100% agreement! It is just that in my experience, the real problems are staggeringly prosaic, and thus hard to drum up real support for. Not many people (although I am willing to bet quite a few here on HN!) get excited about proper waste management/sanitation. But it is one of those comparatively cheap things that reaps vast societal and environmental benefit. And plastics provide a lot of benefits for very little cost- it's why they are used so heavily. Switching over to paper packaging would require vastly more energy and resource inputs, for example, and it is not immediately clear that this would, or would not, be a net benefit.

A truly biodegradable plastic that still had the required physical properties of what we currently use would be a big step forward, too.

As a slight aside, I am leery of banning as a first-choice tool for dealing with these kinds of problems. Look at what happened in California when anticoagulant rat and mouse poisons were banned from use. What was an excellent idea (reduce poison loads in the environment, stop additional kill of non-target wildlife) has instead become objectively worse, and the neurotoxin introduced as a replacement has no treatment, unlike the Vitamin K shots that could previously help stricken pets and animals, and is a far more agonizing way to die to boot.

Re: Who Are My Investors?

#207
post #68
post #61

I love that Wilson gives examples of ethical LPs like pension funds and educational endowments. Much of the criticism here is “well if you refuse to take tainted money then the world economy will grind to a halt.” But think of it... if the business community stopped taking tainted money, holding everyone to a high standard, that would be a powerful force to curb human rights abuses in the world. We do have ethical al…

Its a zero sum game. You might reject the investment but others wont

That's a cop-out.

It has to start with someone saying no.

Re: Who Are My Investors?

#210
Well, please do correct me if am wrong, but I have always had the notion that most instances of extreme wealth throughout the history has always been built on some kind of unethical (unethical is a very mild word in my opinion) activity, or let's say some activity that was unfair to a large amount of other people.

Consider the wealth generated by Bill Gates or Mark Zuckerberg. I can't take away from them the fact that they worked hard when they saw a great opportunity and made themselves insanely wealthy in doing so, but history will may not judge their actions in a way that they are shown as messiahs.

So I find all this discussion just a bit hypocritical to be very honest.

Comments most welcome to change my, rather cynical, opinion.

Post reply on HN