Whats so hard about taking the iPad out of they're hands? or laptop or whatever, once you catch them on sites they shouldnt be on?
I mean, the guy was constantly high on nootropics and they had no idea what actual investments FTX made. I'd imagine most of the time was just spent untangling that web, his case was more or less a slam dunk.
I find it so weird that you say public companies being 'evil' (which is to turn a profit) is a problem, yet you also say you'd like for companies to exist on the public market so that the public can access some of the…
It's the old totalitarian playbook. Make everyone a criminal then selectively apply the law.
There doesn't need to be a solution that works for everyone. It doesn't matter how many barriers you put in place, people will always get scammed - so don't punish the other capable 85%.
And yet people don't realise that Epstein was talking in clear text for years through a gmail account that the government could access - and the powers that be didn't do anything about it. It's got nothing to do with…
Awesome read. I always love Poszar's work, it's a shame that these days he's no longer working at CS - since most of his work is now stuck behind a paywall.
1P is closed source and have had a number of breaches in the past. Bitwarden have had none that I'm aware of, and they're FOSS. I however have been preferring ProtonPass lately (also FOSS) and really like the layout…
No, it's not. Person A buys stock 1, stock one goes from $10 to $15. Person A makes $5. Person B buys it at $15 and then it pays a $1 dividend, person B makes $1. It's not zero sum, everyone can win.
Because stock trading isn't zero sum.
Speech?
An interesting article that confirms something I've often been annoyed about - in Australia most of the top universities don't use GPAs but WAMs (weighted average marks). In a GPA system whether you get 100 or 85, you…
Principles don't exist in a vacuum. When viewing someone else, you only consider them 'principled' because of the context they exist in. In a world where everyone donates 50% of their pay check to charity, the person…
If they were run well, then you wouldn't be able to improve on them by buying them.
Of which, some of that is PE funds. KKR for instance is publicly listed.
They don't receive bonuses until they exit.
Right, which implies that the business was not run well, or at the least didn't reach its full potential.
It's most certainly not the same. An asset manager going broke because they bought some bad loans is infinitely better off for the public at large than a bank becoming insolvent and depositors losing their money.
For the owners? Yeah, they do typically. For the service they provide stakeholders other than the owners? Probably not.
Believe it or not, businesses don't exist to provide you a "good service" they exist to make money. So yes, they do in fact force firms to operate better when they attain a higher EBITDA. Until the definition of why a…
Read Matt Levine's newsletter, it's a VERY simple business model built on financial engineering (it's rare they do something "novel"). But broadly, if you've got money in any sort of mutual fund, pension or retirement…
That was Broadcom and not a PE fund?
> But imagine a world where every strong business goes private and only failing businesses are public. That's the opposite of what happens with PE. PE firms don't buy fairly priced, well run businesses. They (typically)…
Regulations are what lead to private credit being what it is today. Post Dodd-Frank banks are unable to take on a lot of the lending risk with these style of transactions anymore which paved the way for asset managers…
A 25% move in crypto isn't a catastrophic swing. Nor is $6bn in liquidations for some leveraged traders. If they're going to liquidate anything because they need the cash, it will be US treasuries first, since they're…
Whats so hard about taking the iPad out of they're hands? or laptop or whatever, once you catch them on sites they shouldnt be on?
I mean, the guy was constantly high on nootropics and they had no idea what actual investments FTX made. I'd imagine most of the time was just spent untangling that web, his case was more or less a slam dunk.
I find it so weird that you say public companies being 'evil' (which is to turn a profit) is a problem, yet you also say you'd like for companies to exist on the public market so that the public can access some of the…
It's the old totalitarian playbook. Make everyone a criminal then selectively apply the law.
There doesn't need to be a solution that works for everyone. It doesn't matter how many barriers you put in place, people will always get scammed - so don't punish the other capable 85%.
And yet people don't realise that Epstein was talking in clear text for years through a gmail account that the government could access - and the powers that be didn't do anything about it. It's got nothing to do with…
Awesome read. I always love Poszar's work, it's a shame that these days he's no longer working at CS - since most of his work is now stuck behind a paywall.
1P is closed source and have had a number of breaches in the past. Bitwarden have had none that I'm aware of, and they're FOSS. I however have been preferring ProtonPass lately (also FOSS) and really like the layout…
No, it's not. Person A buys stock 1, stock one goes from $10 to $15. Person A makes $5. Person B buys it at $15 and then it pays a $1 dividend, person B makes $1. It's not zero sum, everyone can win.
Because stock trading isn't zero sum.
Speech?
An interesting article that confirms something I've often been annoyed about - in Australia most of the top universities don't use GPAs but WAMs (weighted average marks). In a GPA system whether you get 100 or 85, you…
Principles don't exist in a vacuum. When viewing someone else, you only consider them 'principled' because of the context they exist in. In a world where everyone donates 50% of their pay check to charity, the person…
If they were run well, then you wouldn't be able to improve on them by buying them.
Of which, some of that is PE funds. KKR for instance is publicly listed.
They don't receive bonuses until they exit.
Right, which implies that the business was not run well, or at the least didn't reach its full potential.
It's most certainly not the same. An asset manager going broke because they bought some bad loans is infinitely better off for the public at large than a bank becoming insolvent and depositors losing their money.
For the owners? Yeah, they do typically. For the service they provide stakeholders other than the owners? Probably not.
Believe it or not, businesses don't exist to provide you a "good service" they exist to make money. So yes, they do in fact force firms to operate better when they attain a higher EBITDA. Until the definition of why a…
Read Matt Levine's newsletter, it's a VERY simple business model built on financial engineering (it's rare they do something "novel"). But broadly, if you've got money in any sort of mutual fund, pension or retirement…
That was Broadcom and not a PE fund?
> But imagine a world where every strong business goes private and only failing businesses are public. That's the opposite of what happens with PE. PE firms don't buy fairly priced, well run businesses. They (typically)…
Regulations are what lead to private credit being what it is today. Post Dodd-Frank banks are unable to take on a lot of the lending risk with these style of transactions anymore which paved the way for asset managers…
A 25% move in crypto isn't a catastrophic swing. Nor is $6bn in liquidations for some leveraged traders. If they're going to liquidate anything because they need the cash, it will be US treasuries first, since they're…