81–90 of 99 posts
> With Wall Street’s help, you’re about to be forced to buy stock in SpaceX
Yes, true, so why was it flagged ?
> (paulkrugman.substack.com)
Ah, ok, that's actually legit. Krugman is not worth reading on any subject, even when he's right (at least in the title).
His innovation has been to show that you don't need to make a product that works or makes sense. You just need to make products that get oceans of fools excited and get 30% of the way there. By that point you've locked in their childish fantasies and their money comes with it. Institutional money follows and you're on your way to being the richest man in the world. The tech product fetishism that the iPhone brought a…
Musk is kind of fascinating. On one hand SpaceX and Starlink are businesses that it's practically embarrassing that seemingly nobody else even tried to build. You look into it and look at Bezos and Blue Origin and wonder if the markets can actually build new businesses anymore. Then you set them aside and realize that he basically got away with visa fraud because he was wealthy to begin with and lucked into making to…
Similarly it is remarkable that you can land a booster that wasn't designed to do that. But can you actually refurbish and re-fly it for a meaningful savings? This is another instance where software accounting practices don't work when you're dealing with big expensive tangible objects like rocket engines.
SpaceX has been around for 20+ years. And they are still their own biggest customer for launch capacity by a very large margin. Where is the demand?
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How do you figure? Trying to understand and hoping you can walk through your logic
Not an native english speaker, but someone "doing something for me" is not (me buying products and services from that someone|selling products and services to me).
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[flagged]
> It's literally the free market at work--it's really simple, if you don't believe in whatever he says, don't speculate! This, too, is actually addressed in the article - the whole point is that you're being forced to participate/speculate through this rapid inclusion in indices and mutual funds, because he's had the indices change the rules for him. So no, it's not that simple.
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I've never understood how common the appeal to "simplicity" is. It's also very simple to just kill everybody you disagree with. There isn't a simpler idea, really. What is the point? Why even write a comment?
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It's funny he's only able to do that because he has so little real technical understanding. A real engineer wouldn't be so flippant.
What I think is funny is that Steve Jobs also had very little technical knowledge and was just as much of an asshole, yet he's worshipped in the tech community. The only reason comments like yours are being made is because of Musk's politics. He was also loved in the Tech community, before supporting Trump. Musk doesn't have to be a 'real engineer'. Most 'real engineers' would obsess over mundane details and rarely t…
What turned me off to Elon was "it's a tube with an air hockey table in it, it's not that hard."
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Wait, "demonstrably false" based on anecdotes ? I'm sorry, when I wonder whether someone like, say, Carmack has technical chops I wouldn't rely on anecdotes from people, especially people I do not know of. For one, I can counter those with anecdotes from people I do know and trust. Like, I know directly from at least one very senior ex-Twitter engineer, who I worked directly with and whose technical chops I can vouch…
Elon is clearly highly technical as demonstrated by the Starbase interviews by Everyday Astronaut https://www.youtube.com/playlist?list=PLStF4EoZOEFJ6xDx656Ik... You can pick any video and see this for yourself.