31–40 of 96 posts
Will at any point we be able to build a system that won’t be gamed? ie. A system whose incentives are perfectly aligned with its operators and users incentives?
Never. We are humans - humans are by our very nature dynamic.
Or we always have to see someone else’s incentives as an opposition to ours?
What does dynamic nature imply?
Can’t a system be dynamic?
Earlier quoted context omitted.
Before you think about making something that quickly reads 8-K filings and acts upon it: don’t bother. A bunch of entities are already doing this way faster than you ever can through various methods and by the time you get the data the opportunity to act is gone.
Despite being a Boglehead (total-market index investor), who thinks that's the best tablescraps I can get, when I can't be in the club of the people who're making the real money from the systems... I have idly wondered whether there's an viable opportunity to exploit retail investors who're being manipulated/misled (by, e.g., MSM financial 'news', stock-picker personalities, bloggers, WSB, etc.). Then I realize I was…
EDIT: found the newsletter [2]
Earlier quoted context omitted.
Thanks for the links. Interestingly, I noticed Amazon's CEO of Retail, Doug Herrington, dumping sizable amounts of Amazon stock[1]. This activity is coupled with growing complaints about Amazon's quality of goods[2], delivery[3][6] and ability to return those goods[2][4][5][8][9]. Amazon is now requiring customers to file a police report in order for their credible return to be accepted[7][10][11]. Amazon is also can…
Your links don't reveal growing complaints , they're just complaints people posted to Reddit. Of course there will be tons of complaints, Amazon is huge. Picking out a few of them is meaningless.
All of those have gotten worse for me. The fact that FakeSpot exists is telling.
Earlier quoted context omitted.
Your links don't reveal growing complaints , they're just complaints people posted to Reddit. Of course there will be tons of complaints, Amazon is huge. Picking out a few of them is meaningless.
Is your Amazon shopping experience better than 10 years ago? Is product discovery easier? Are you confident that you’re getting genuine merchandise? Are delivery promises being met? Are the prices competitive with other online and offline retailers? All of those have gotten worse for me. The fact that FakeSpot exists is telling.
Earlier quoted context omitted.
Is your Amazon shopping experience better than 10 years ago? Is product discovery easier? Are you confident that you’re getting genuine merchandise? Are delivery promises being met? Are the prices competitive with other online and offline retailers? All of those have gotten worse for me. The fact that FakeSpot exists is telling.
[deleted]
Will at any point we be able to build a system that won’t be gamed? ie. A system whose incentives are perfectly aligned with its operators and users incentives?
Earlier quoted context omitted.
Your links don't reveal growing complaints , they're just complaints people posted to Reddit. Of course there will be tons of complaints, Amazon is huge. Picking out a few of them is meaningless.
Is your Amazon shopping experience better than 10 years ago? Is product discovery easier? Are you confident that you’re getting genuine merchandise? Are delivery promises being met? Are the prices competitive with other online and offline retailers? All of those have gotten worse for me. The fact that FakeSpot exists is telling.
> Is your Amazon shopping experience better than 10 years ago?
Depends what you mean by "shopping experience." Some aspects better, some worse. Generally if I'm looking for a specific product/serial number or something, it's perfect. If I'm searching Amazon for a type of product, it's not as good - but then again, searching via Google or DDG and going from there is generally better.
> Is product discovery easier?
It was never particularly good, it's not particularly good now, but is probably marginally better especially if you have something specific in mind, e.g. something better than going on amazon.com and typing "waffle maker" into the search.
> Are you confident that you’re getting genuine merchandise?
Yes. IME the "OMG COUNTERFEITS" stuff is pretty overblown. Amazon not commingling inventory would be a step in the right direction but logistically that's difficult and would result in even less competitive pricing.
> Are delivery promises being met?
I can remember exactly two times where something wasn't delivered as promised, and one was years and years ago (maybe more than 10). The other one was damaged in transit and automatically reordered with a later shipping date so you can't even really blame that on them.
> Are the prices competitive with other online and offline retailers?
This is my only complaint. You end up paying a bit for the convenience and shipping speed which is worth it most of the time (IMO).
Earlier quoted context omitted.
Thanks for the links. Interestingly, I noticed Amazon's CEO of Retail, Doug Herrington, dumping sizable amounts of Amazon stock[1]. This activity is coupled with growing complaints about Amazon's quality of goods[2], delivery[3][6] and ability to return those goods[2][4][5][8][9]. Amazon is now requiring customers to file a police report in order for their credible return to be accepted[7][10][11]. Amazon is also can…
Your links don't reveal growing complaints , they're just complaints people posted to Reddit. Of course there will be tons of complaints, Amazon is huge. Picking out a few of them is meaningless.
Actually, they do. People didn't complain about this really 2 years ago. For the past few months, its all over the place (social media: Reddit, Twitter, Tiktok, Instagram; OSHA fines; SEC anti-trust lawsuits).
> Of course there will be tons of complaints, Amazon is huge. Picking out a few of them is meaningless.
No, not really meaningless. It's indicative of the illegal practices consumers are being subjected to. This is why we have Consumer Protections.
Amazon may be huge, but it's growing hollow and financially strapped it seems.
Thanks for your hot-headed opinion. I'll file it under "flagged for lack of data."