This is the Nuremburg defence. Afaik, it does not hold in modern court (in fact, there was a law to this effect as far back as Babylonia). So if you work at Facebook, and you do something illegal you are personally…
The hedgehog and fox. Specialist knowledge is definitely valuable but it isn't everything. And as the OP says: it depends on what domain. If we are talking about decision-making/leadership: that is the last place you…
Unfortunately, there is a real lack of clear thinking about this. I will happily invest in a business that is making losses if the marginal ROI is strong. The market often gets these situations totally wrong. I hope…
There was a BBC story on this recently - https://www.bbc.co.uk/news/health-47952076 - I believe NHS policy, for what it is worth, is to use as a last resort as the side effects can be severe.
Market timing isn't impossible. Salesman (and the academics hired by them) seem to have a powerful influence over the herd but timing is fairly straightforward...valuation and momentum. That is it. In addition, there…
Okay, that isn't the point...but that is what you said: "why should the family whose main claim to fame is aggressive use of force"...how else is this supposed to be interpreted? Because of someone's ancestors, this…
Ignoring the fact that a lot of the land has changed hands since then (the issue is concentration not identity of owners...a dangerous conflation): are you saying that a morality test should be applied to the family…
Yes, I have heard of the Clearances. My point wasn't: "I haven't heard of this". My point was that the framing was bizarre (again, do you understand what university is for? It sounds like you don't) and the implication…
If you are a tenant farmer, you aren't being "oppressed" by not someone not selling you land. If you offer me £20 for my house, are you being "oppressed" if I don't sell it to you? The Church of England, Anders Povlsen,…
It is amazing that you aren't able to distinguish between your opinion and reality. Unfairness is perception. And I am going to have to trouble you for proof of detriment. All you have said is that you don't like…
...yep, and the fact that the population of Scotland is tiny and over 50% of that population live in the Central belt. Afaik, the only solid evidence against is an apparent lack of "participation" from local communities…
The reality is the opposite. In the long-term, you are screwed with this voting structure. This structure exists because right here and now, Zuckerberg looks like a good choice. Over the long-term, bad things happen.…
Rather than invest $10k in Uber, I went to the bank, got out $10k in singles, and burnt them in a garbage can in my back yard. ...this must be what disruption feels like. EDIT: Okay, I have an ulterior motive. I work…
She pissed off most of the staff. She introduced a weird iteration of "fire the bottom performers every year". She bailed out Dan Loeb (who had hired her but changed his mind after she refused to do almost anything she…
Question: Did having an engineering background help you as CEO? Answer: ...I think I was a good engineer. I was an even better product manager ...lol. At least she appears to have stopped claiming credit for the Alibaba…
Just to note first about the other answers: the EU Parliament is really not very important. Most decisions are made within the Council, which as said elsewhere, votes based on population weight. The Parliament does seem…
...why do I care about push notifications? By "customers love that feature" you mean, you like that feature. Most people aren't interested in having an app at all but the ones that are just want to be able to look at…
Most UK banks offer apps, Monzo is not doing anything particularly new. Their success has been in convincing investors that the competition is "ossified" whilst dropping tons of their money and failing to actually…
Cool, you wrote a paper in law school. I wrote two dissertations at UG and PG level. Monetary policy is essential, none of the things you mention are more important. Why? Because the boom can't occur without monetary…
Monetary policy is everything. Read financial history. VCs aren't some unique species that have cracked investing. Human nature is the same as always: people will do stupid stuff. If someone turns up with a check for…
I am confused. Is Meituan's ticker 3690? This looks like the company referred to and the actual operating loss is 11bn RMB (so about ~$1.5bn)...which is a lot but revenue doubled, and this is kind of a scale-ish…
pg.3 - this section also references, amongst others, this paper by the same authors: https://economics.mit.edu/files/15254
No, the reason why was France pegging to gold at a very favourable rate in the 1920s. The UK, obviously, was not short of colonies but got absolutely rolled in this period because they pegged to gold at their old rate…
The economic effect of the Autobahn is massively overstated (I would actually look to Wages of Destruction by Tooze here). Public works were important but it is as important to look at how this was all facilitated. The…
I would read the article and the source it links to again. If you do, it answers most of your questions. Yes, the performance of the German economy was considerable. But the point with Schacht for all economic…
This is the Nuremburg defence. Afaik, it does not hold in modern court (in fact, there was a law to this effect as far back as Babylonia). So if you work at Facebook, and you do something illegal you are personally…
The hedgehog and fox. Specialist knowledge is definitely valuable but it isn't everything. And as the OP says: it depends on what domain. If we are talking about decision-making/leadership: that is the last place you…
Unfortunately, there is a real lack of clear thinking about this. I will happily invest in a business that is making losses if the marginal ROI is strong. The market often gets these situations totally wrong. I hope…
There was a BBC story on this recently - https://www.bbc.co.uk/news/health-47952076 - I believe NHS policy, for what it is worth, is to use as a last resort as the side effects can be severe.
Market timing isn't impossible. Salesman (and the academics hired by them) seem to have a powerful influence over the herd but timing is fairly straightforward...valuation and momentum. That is it. In addition, there…
Okay, that isn't the point...but that is what you said: "why should the family whose main claim to fame is aggressive use of force"...how else is this supposed to be interpreted? Because of someone's ancestors, this…
Ignoring the fact that a lot of the land has changed hands since then (the issue is concentration not identity of owners...a dangerous conflation): are you saying that a morality test should be applied to the family…
Yes, I have heard of the Clearances. My point wasn't: "I haven't heard of this". My point was that the framing was bizarre (again, do you understand what university is for? It sounds like you don't) and the implication…
If you are a tenant farmer, you aren't being "oppressed" by not someone not selling you land. If you offer me £20 for my house, are you being "oppressed" if I don't sell it to you? The Church of England, Anders Povlsen,…
It is amazing that you aren't able to distinguish between your opinion and reality. Unfairness is perception. And I am going to have to trouble you for proof of detriment. All you have said is that you don't like…
...yep, and the fact that the population of Scotland is tiny and over 50% of that population live in the Central belt. Afaik, the only solid evidence against is an apparent lack of "participation" from local communities…
The reality is the opposite. In the long-term, you are screwed with this voting structure. This structure exists because right here and now, Zuckerberg looks like a good choice. Over the long-term, bad things happen.…
Rather than invest $10k in Uber, I went to the bank, got out $10k in singles, and burnt them in a garbage can in my back yard. ...this must be what disruption feels like. EDIT: Okay, I have an ulterior motive. I work…
She pissed off most of the staff. She introduced a weird iteration of "fire the bottom performers every year". She bailed out Dan Loeb (who had hired her but changed his mind after she refused to do almost anything she…
Question: Did having an engineering background help you as CEO? Answer: ...I think I was a good engineer. I was an even better product manager ...lol. At least she appears to have stopped claiming credit for the Alibaba…
Just to note first about the other answers: the EU Parliament is really not very important. Most decisions are made within the Council, which as said elsewhere, votes based on population weight. The Parliament does seem…
...why do I care about push notifications? By "customers love that feature" you mean, you like that feature. Most people aren't interested in having an app at all but the ones that are just want to be able to look at…
Most UK banks offer apps, Monzo is not doing anything particularly new. Their success has been in convincing investors that the competition is "ossified" whilst dropping tons of their money and failing to actually…
Cool, you wrote a paper in law school. I wrote two dissertations at UG and PG level. Monetary policy is essential, none of the things you mention are more important. Why? Because the boom can't occur without monetary…
Monetary policy is everything. Read financial history. VCs aren't some unique species that have cracked investing. Human nature is the same as always: people will do stupid stuff. If someone turns up with a check for…
I am confused. Is Meituan's ticker 3690? This looks like the company referred to and the actual operating loss is 11bn RMB (so about ~$1.5bn)...which is a lot but revenue doubled, and this is kind of a scale-ish…
pg.3 - this section also references, amongst others, this paper by the same authors: https://economics.mit.edu/files/15254
No, the reason why was France pegging to gold at a very favourable rate in the 1920s. The UK, obviously, was not short of colonies but got absolutely rolled in this period because they pegged to gold at their old rate…
The economic effect of the Autobahn is massively overstated (I would actually look to Wages of Destruction by Tooze here). Public works were important but it is as important to look at how this was all facilitated. The…
I would read the article and the source it links to again. If you do, it answers most of your questions. Yes, the performance of the German economy was considerable. But the point with Schacht for all economic…