241–250 of 454 posts
Anyone has a good introduction to trading for engineers/mathematicians/programmers?
Something that goes into the theorics and the math of the thing. Like an MIT open course or something. I'm always a bit lost with these things.
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You seem to ignore the fact that you would then have access to 100% of the revenue that Tesla makes by selling cars and other things. (This in turn sort of guarantees a price floor for stocks in public companies: the price of a stock shouldn't really go below the net asset value of the company.)
I really doubt Tesla would survive very long in that state. Stock will crash, public opinion will sour, employees will quit etc. very quickly.
Of note, there are examples in the past of companies going private without falling apart--Dell is the most notable example I can think of off the top of my head.
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He knows more than I do, is surrounded by people smarter than I am and has a track record of success and overcoming failures. If I thought I shouldn't listen to Elon Musk because I thought I knew better, then I think my chances of understanding anything about this would be greatly diminished.
> He knows more than I do, is surrounded by people smarter than I am and has a track record of success and overcoming failures. He's also got a track history of being massively wrong at times on things that aren't inside his wheelhouse, like confidently predicting the end of COVID by April 2020.
I'm guessing you are referring to this Tweet, which indeed was very wrong "Based on current trends, probably close to zero new cases in US too by end of April": https://twitter.com/elonmusk/status/1240754657263144960
But other than that, I would say he's been ~90% right about COVID. Much more accurate than our main media organizations.
This hit piece on Forbes lists 5 times he was wrong, but in fact he was right in 4 out of 5 of those, https://www.forbes.com/sites/joewalsh/2021/03/13/elon-musks-...
Eh 20-ish years ago the shit happening on Island and Archipelago would blow most people’s minds. Undocumented, conditional, non-displayed order types. Routine wash trading. Shear-but-don’t skin multi-venue arbitrage. The ECNs were the Wild West. Smoke-filled dark pools. Island and Arca are NASDAQ and NYSE now. But Ben, US equities have intrinsic value unlike this BTC garbage! Well unless they pay no dividend, have du…
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This is also what makes NFTs great for money laundering. You can use the money from the dirty wallet to make the wash sales, increasing the value of your NFT while cleaning the money at the same time.
How do you get lots of actual dirty cash into a dirty wallet?
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hmm. it might be a bit more subtle than that - if you were to own all 21 million bitcoin (i.e, nothing can be mined or otherwise created), it’d pose an existential crisis for the currency. miners would have no reason to mine, transactions on the small scale couldn’t happen, etc. at the very least i expect other coins would pop up with a different genesis block. or maybe some form of hard fork (again, i might add). ow…
Well, no, it's actually pretty simple, you could sell half of it to jumpstart the ecosystem, and you still own half of it.
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> it affords you anonymity What? Bitcoin is radically transparent. The vast majority of crimes are committed with standard currencies like $USD. If 'crime' is the only value you see, you're extremely ignorant. What is the bull case for $USD? What properties does it have that make it superior to currencies like $BTC in your opinion?
> What is the bull case for $USD? What properties does it have that make it superior to currencies like $BTC in your opinion? That I can spend USD in just about any shop or for any transaction, legal or not. While crypto "currencies"? I'd say: not so much.
There are crypto credit cards now that allow you to achieve the same effect.
Assuming this advantage disappears, are there any other bull cases for $USD?
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> it affords you anonymity What? Bitcoin is radically transparent. The vast majority of crimes are committed with standard currencies like $USD. If 'crime' is the only value you see, you're extremely ignorant. What is the bull case for $USD? What properties does it have that make it superior to currencies like $BTC in your opinion?
Maybe that you can buy bread with USD, or a house, or a car, or pay rent, or insurance, or gas, a coke on a vending machine, or stocks, or... well there are a lot of things you can do with USD that you cannot do with BTC right now.
Eh 20-ish years ago the shit happening on Island and Archipelago would blow most people’s minds. Undocumented, conditional, non-displayed order types. Routine wash trading. Shear-but-don’t skin multi-venue arbitrage. The ECNs were the Wild West. Smoke-filled dark pools. Island and Arca are NASDAQ and NYSE now. But Ben, US equities have intrinsic value unlike this BTC garbage! Well unless they pay no dividend, have du…
> Well unless they pay no dividend, have dual-class share structure, and IPO without a profitable quarter. What’s a share of SNAP entitle you to exactly? Ah right, you think someone will buy it for more. I think the idea would be like what happened to Apple: they eventually grew so much, became so successful, accumulated huge piles of cash bigger than they could possibly spend, that they had to start paying a dividen…
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> US equities have intrinsic value Really? My impression is that many US equities in 2022 are more like Reddit up/downvote scores than a reflection of intrinsic value. Which isn't a bad thing in my opinion, by the way.
Firms used to give out dividends, that would make it easier to claim it had intrinsic value (future cash flows discounted). Now it appears the only intrinsic value is how much another firm would pay to acquire the company and do X with it.