"The group’s expansion into internet platforms began in the 1990s' spanning online consumer services, including: E-commerce - including its subsidiary, OLX (100%) Takealot.com (96%) Fintech - including its subsidiary, PayU (98.8%) Food delivery - including its subsidiary and associates, iFood (54.8%), Delivery Hero (22.3%) and Swiggy (38.8%) Etail - including its subsidiary, eMag (80.1%) Travel - including its associ…
OLX is the most popular Craigslist-type website at least in Portugal (and maybe in more places in Europe as well?)
This is absolutely phenomenal. Naspers/Prosus are some of the savviest and most forward-thinking players in tech investment — would you have been smart enough to give Tencent all that money, way back when? And remember, they were a bunch of nobodies based out of South Africa when that happened. This is much more interesting than a monopolist like Microsoft buying SO, and I’d be keen to see what the growth strategy is…
Ever heard of survivorship bias?
I hate when people bring up survivorship bias about something like this. It's such a negative outlook. It's like a "don't even try because it's just a fluke that happened to them" type of mindset. It doesn't help anyone.
Since switching almost completely to JavaScript, Node.js and React I noticed that my time spent on Stack Overflow dropped significantly. I found my answers in API docs and GitHub issues most of the time. I never created an account. Once I had listed most recent Redux and React questions, had an answer to one that was pretty tricky within one minute since posting and while I was typing out the answer in my editor some…
Github issues have also replaced most of my stack overflow usage. Part of it is that I'm now more experienced, so most of my questions are about edge cases or potential bugs and not "How do I call system()?". But it also feels like stackoverflow took off because it was lower friction than mailing lists and experts exchange, but has been overshadowed as projects migrated to github and most developers already having a github account, rendering it lower effort. This changed things by (a) having stuff in google results from other sites and (b) encouraging developers to write better docs to reduce the rate of support requests in github issues.
Simple answer, it's impossible that all people choose the wrong investment even if you just choose by chance. It like playing the lottery, why do some people win? Because not all can lose all the time. And as soon you reach a certain wealth level it's easier to keep that level than to reach it in the first place, unless you are in idiot.
How many times can one person win the lottery? The large firms seem to successfully bet on winners quite a bit.
And how does this apply to modern investment funds who have to regularly provide client reports and make disclosures?
Because people don't know the performance of dart throwing monkeys https://www.forbes.com/sites/rickferri/2012/12/20/any-monkey...
That article explains that the outperformance was due to a broader economic trend of small cap companies outperforming weighted indices. They effectively baked in a known-to-win strategy from the start and then ran it in various slightly-randomised ways (and they're fully open about it!)
"The group’s expansion into internet platforms began in the 1990s' spanning online consumer services, including: E-commerce - including its subsidiary, OLX (100%) Takealot.com (96%) Fintech - including its subsidiary, PayU (98.8%) Food delivery - including its subsidiary and associates, iFood (54.8%), Delivery Hero (22.3%) and Swiggy (38.8%) Etail - including its subsidiary, eMag (80.1%) Travel - including its associ…
"The group’s expansion into internet platforms began in the 1990s' spanning online consumer services, including: E-commerce - including its subsidiary, OLX (100%) Takealot.com (96%) Fintech - including its subsidiary, PayU (98.8%) Food delivery - including its subsidiary and associates, iFood (54.8%), Delivery Hero (22.3%) and Swiggy (38.8%) Etail - including its subsidiary, eMag (80.1%) Travel - including its associ…
If anyone is aware about the numbers, how are their ecommerce and fintech ones doing in their markets? That space is quite competitive and a lot of well funded players.
Also, are the food ones profitable or loss making like most other food delivery startups?
I loved listening to the Stack Overflow podcast with Jeff and Joel. It was kinda crazy that they were doing a podcast like that while they (Jeff mostly) were building it and coming up with the name, etc. Still have all the mp3's somewhere. Edit: I'm in the top 2%. Most of my rep. comes from interest earned on questions/answers I posted very early on.
It is still one of the most interesting podcasts I’ve listened to. Jeff and Joel completely chanced how I view hardware. So far they’ve been right in that scaling out isn’t something most of us need to worry about for a LONG time. Modern computers are insanely fast and capable of much more than we think.
Most sites could run on a single mid range machine. Top 500 sites could run on a small cluster of less than 10 machines. You have to balance work to external egress to intracluster bandwidth while accounting for your total random IOP budget.
I ended up losing access to my ancient account (it was using the OpenID providers that they don't even support anymore and the provider I used isn't around). I had gone fairly inactive, but recently wanted to contribute some content. This was on the DIY stackoverflow, there's a fairly common problem on my stove, but an easy, low/no cost fix, it's just very involved. The DIY SO had a good discussion of the problem. To…
Glad to hear I'm not the only one that lost their S.O. account because they decided to try the amazing sounding OpenID.