51–59 of 59 posts
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At a long enough time scale everything is below value because our star collapses.
Hate to be pedantic but our star won't collapse it's not large enough for that, it will simply puff out and die leaving behind a very hot core called a White Dwarf
That’s what I meant by collapse, but maybe in astronomy collapse means supernova?
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Most venture-funded startups solve silly non-problems or in fact cause serious harm to society, but make billions of dollars in doing it. Meanwhile, we haven't been to the moon since the '70s, life expectancy in the US is declining, and a substantial percentage of our energy comes from coal. Oh, but if you want to bet your life savings on (entries in a distributed ledger that say you own) digital pictures of dog peni…
How many of your arguments would apply to a casino? Do you feel that the world shouldn’t be allowed to have casinos?
Casinos don't dominate the economy.
Casinos haven't wasted the bulk of a generation's top talent to enrich a small number of pederasts in a tiny geographic area.
My view of "morals" laws is that harm reduction should be the policy. Do I like gambling or drug abuse? Of course not. Do I think they should be illegal? Probably not, because empirical evidence shows that harm is better reduced by making these things legal and then regulating them.
Of course, if I found that casinos were having huge negative externalities, then my opinion would change.
> data-driven approach to our investments This is as absurd as saying "data-driven approach for finding out successful humans". I am kind of aggravated to see drivel like this from VC's. This is similar to algorithm trading on stock market and not funding deserving startups. This 'data-drive' garbage is how you end up with more grocery delivery, food delivery and pet walking startups.
> data-driven approach for finding out successful humans not absurd at all, simply do IQ tests
WTF is a penny and wtf is a nickel? Nickel is supposed to be a metal.
Or "If you hit a golf ball 50 yards..." what's golf? wtf is a yard? one kilometer?
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Also strangely enough it's illegal if you're already a successful company and try to do it in a new vertical, but completely fine if you're a couple unknowns with a few hundred million of venture capital.
Ninety-nine percent of private equity profits come from taking strategies that are illegal with regulated, public companies and applying them to unregulated assets. And venture capital is a subset of private equity. Almost every conversation VCs have amongst themselves would be considered market manipulation if it pertained to an exchange-traded company, and of course the fact that it's all insider trading goes witho…
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> data-driven approach for finding out successful humans not absurd at all, simply do IQ tests
IQ tests are even more garbage. It's mostly American centric and more so West centric. I had a IQ test for an interview around 10 years ago and it has something like "Unknown number of pennies and nickels are in a jar..." WTF is a penny and wtf is a nickel? Nickel is supposed to be a metal. Or "If you hit a golf ball 50 yards..." what's golf? wtf is a yard? one kilometer?
https://en.m.wikipedia.org/wiki/Raven%27s_Progressive_Matric...
> All of the questions on the Raven's progressives consist of visual geometric design with a missing piece. The test taker is given six to eight choices to pick from and fill in the missing piece.