As always, when things crash it's the best time to read the comments
In times like these, I'm just thankful I don't have time or energy to do anything more than dollar cost average and update my tracker once a month.
Tech bubbles are bursting all over the place
751–760 of 774 posts
Re: Tech bubbles are bursting all over the place
#752Earlier quoted context omitted.
“Range” is likely the only one of those metrics Jane will care about. This sounds like one of those rants we used to hear about “why would anyone buy a Mac when PCs have higher specs??” Mercedes does cabin UX like Apple does software (and BMW is better still). Maybe Jane wants a button for her wing mirrors. And door handles that work. Actually comfortable suspension. An instrument cluster. A dealer to look after her…
I've opened Tesla's doors, enjoyed the suspension of the Tesla finding it comfortable, and when I adjusted my mirrors I used buttons on the steering wheel. Usually I don't have to adjust the mirrors, because the car can automatically detect that it is me who is driving and it has memorized my mirror preferences. Why are you lying? Why not focus on the metrics? For example... Storage space. The Tesla? It has four time…
Just to clarify, since people seem to disagree with me that this person lied: my evaluation of his sentence paragraph has more than 50% of his statements as false, with only one statement being compelling.
(truth? "And door handles that work.") resolves to false, because the subclaim (truth? "Tesla door handles don't work.") is false.
(truth? "Maybe Jane wants a button for her wing mirrors.") resolves to false, because it includes the subclaim "Tesla doesn't allow adjusting of wing mirrors via buttons" which is a false claim.
(truth? "Actually comfortable suspension.") is a subjective claim, but I personally find the suspension to be comfortable. So at least from my perspective this is a false claim. Moreover, there are a multitude of Tesla options and they don't all share the same suspension style. So even if you didn't like one suspension style, you could still like another, negating the thrust of this point for a larger category than would otherwise be negated. Thus, it seems false to me in a more general way, despite the subjective nature.
(truth? "Mercedes does cabin UX like Apple does software") is a subjective claim. but I heavily disagreed with its veracity. Since then the person I'm quoting has changed their mind on the basis of reflection. While not a lie, this sentence now resolves to false according to their stated worldview.
(truth? "An instrument cluster.") resolves to true. It is a compelling reason that someone might choose not to get a Tesla. If we're not going to give them the benefit of the doubt there are models of Tesla that do come with this panel. We'll give it to them anyway. We'll give it to them even though the very car that we're discussing has a display above the steering wheel. We'll give it to them even though it is a different car than was used for the comparison which didn't have this instrument cluster.
(truth? "A dealer to look after her from decision to delivery.") could be true, but it is a highly subjective situation. Moreover, I don't find it to be well founded that the average person would prefer a dealership environment rather than an online order.
So 4 false, 1 true, 1 true but not particularly convincing.
At what point does stating falsehood transition from being ignorant to being lying? Because I feel they have went well past a reasonable number of errors. This isn't a case of the majority of their words being true. The majority isn't true. They are majority false and arguably all of them are false. At the same time that they are majority false they were derisive: I posted facts, but they dismissed me as someone who was ranting.
Re: Tech bubbles are bursting all over the place
#753Earlier quoted context omitted.
The plates go with the vehicle in California most of the time. It just gets complicated when you sell to someone out of state because you have to turn the plates in yourself. If you a used car in CA, it's not unusual for the plates to be the same plates the car had since it was first registered in the state. We bought our last family car from enterprise and one day this family walked by while my mom was waiting for m…
Do you know how'd it'd work for plates like ham radio ones where you CAN'T transfer them to another another person, but it'd also make no sense to turn them in? Can you keep them to use on another car eventually? This whole "turn in the plates or we'll go after you for not having insurance" seems completely insane. I've never turned in plates and no one's cared.
You actually can do that, I had to dig around to find the page lol.
https://www.dmv.ca.gov/portal/handbook/vehicle-industry-regi...
Some plates have retention fees, some don't. YMMV.
Re: Tech bubbles are bursting all over the place
#754Earlier quoted context omitted.
What sucks is that fiscal policy, ie government spending, is also often not very efficient. Even when rampant corruption doesn’t destroy efficiency, crushing bureaucracy or just plain incompetence will. (Is the DMV a model of efficiency?) So you need a smart balance. And you need competent, honest people in both business AND government. I don’t think that government necessarily is inefficient. The DMV could be a very…
I know people reactively complain about Comcast, but in my area they do a great job. It's not cheap due to lack of competition, but no complaints about service.
Their prices are high and punitive to existing customers. Their customer service is laughably bad.
One of my requirements of a retirement destination is municipal broadband. No BS, just a fair price for a service that's actually treated like a utility.
Re: Tech bubbles are bursting all over the place
#755Earlier quoted context omitted.
I don’t think the government being inefficient is good. It gives ammo to those who are ideologically opposed to government doing things. We should strive to improve government efficiency, especially those of us who think the government should be taking on more tasks.
Ideological opposition to extensive government is because government is inefficient. See the Laffer Curve. Actual demonstrated inefficiency is the proof, not the justification.
What relevance does a economic theory about taxation and gdp growth have here?
Re: Tech bubbles are bursting all over the place
#756Earlier quoted context omitted.
It's not irresponsible to bid 20% over asking. Asking is deliberately underpriced, because it is excellent advertising in a hot RE market. It's irresponsible to bid 20% over what the house is worth (which has nothing to do with asking price), just because you got emotionally attached to the house, and started a bidding war with another person emotionally attached to the house.
> It's irresponsible to bid 20% over what the house is worth . . . emotionally attached If you are young it can be perfectly sensible to bid far more for a home you love. An “overpayment” is paid over many years of happy living, which can be a worthwhile trade. Living in a cheap economically sensible shithole for too many years is a bad idea, unless you have no other choice financially. The problem is making sure you…
Tell me you're in real estate without telling me you're in real estate.
I think most people are better off just renting until this madness blows over. God knows I am much better off for having rented and plowing my money into investments for about a decade before I bought my place.
Houses keep up with inflation over the long run, while stocks have returned ~ 7% after inflation. If housing is an investment, it's a poor one, and you should invest only what is absolutely required to have what you need not want.
Re: Tech bubbles are bursting all over the place
#757Earlier quoted context omitted.
Well, if you're in California and don't own a house, you move. It's not a great option if you were raised here, but a whole bunch of people can take a small pay cut (especially thinking about down equity and inflation) to move back to their hometowns right now. For me, a home (3/2, 1500sqft) in the neighborhood I'd move to in my hometown (US city; 1 mil metro area) is less than my household income, which we'll realis…
I moved from the US to Canada, and got a new offer at a publicly-traded US company recently. In the US, pay is around $215k total comp ($175k base, $40k RSUs). Because, I'm in the Toronto (which is more expensive than most of the US), they said my pay would get a circa $111k USD base ($145k CAD base). Adjusted for inflation, I'm earning less than what I was making when I was 25 years old . Now, at age 32, I'm struggl…
>What am I to do?
Yes, you're getting paid less, but you've moved from a broken democracy to a functioning one. You also happen to be in one of the few nations on earth that will net benefit from climate change.
Actionable advice? Get a remote position and get the heck out of Toronto to a more LCOL Canadian location with decent internet
Re: Tech bubbles are bursting all over the place
#758Earlier quoted context omitted.
Management people have built careers and fortunes in tech running sinking companies. Even within FAANG, many people build careers while working on sinking products (Most products in Google are revenue negative...)
According to the article, FAANG is an obsolete acronym, it's now MAMAA...
I prefer the term FLAMINGASS. It's catchy
Re: Tech bubbles are bursting all over the place
#759Earlier quoted context omitted.
Why slack? I never understood. I never liked IRC. But to not like it and pay for it? I do not understand. Am I a fossil?
Most people don't get to choose, in my case, it's our corporate IM system, so I have to use it whether I want to or not. It's got a lot of enterprise features that companies like, like SSO integration, message retention policies, security certifications like HIPAA and FedRAMP, and more. There are also a lot of pre-made apps for integrating with corporate apps like Jira, Gmail, Salesforce, etc. It's fine, I haven't lo…
The big sells for Hangouts and Teams is that they have video. Slack doesn't so you have to find a video conference provider as well like Zoom. Also Teams integrates more easily with the existing Microsoft stack (office, outlook, etc.) that a ton of non-tech companies are on.
I think a lot of tech companies struggle to break into the non-tech world. Slack might be ubiquitous for SWEs but my SO who works in traffic engineering will probably never use it (they use Teams).
Re: Tech bubbles are bursting all over the place
#760Earlier quoted context omitted.
I think you're right but I don't think it has to be that way. Like others, up until a few years ago, I was a Keynesian. But then I realized that if you allow inflation you're not just "rewarding investment", but you're taking non-participation off the table -- and that's a big problem. Because then people participate in markets not based on value but because they have no choice. That means that you go from value inve…
Growth investing doesn't mean the market always goes up? It means that you buy stuff that you think will significantly grow in revenue in the future.
Not how I understand it. That just means you're willing to tolerate a higher P/E for that stock. You still expect earnings will eventually cover the price.
When you have 401(k) plans which essentially say, "Put your money in the 'market' and it will go up to beat inflation," or you outright say (as many do) that "the market will always go up over time," that's growth investing, and it's straight up a Ponzi scheme. You don't care about the earnings, you just expect to sell for a higher amount than you bought.