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Can shorting be a mechanism of error correction?
I've also noticed incumbent advantage in business. Unless a competitor offers a better product, a company can be as corrupt and evil as possible.
Can shorting be a mechanism of error correction?
I've also noticed incumbent advantage in business. Unless a competitor offers a better product, a company can be as corrupt and lazy as possible.
Is shorting be a mechanism of error correction?
I've also noticed incumbent advantage in business. Unless a competitor offers a better product, a company can be as corrupt and evil as possible.
Can shorting be a mechanism of error correction?
I've also noticed incumbent advantage in business. Unless a competitor offers a better product, a company can be as corrupt and evil as possible.
#3978·Zelalem MekonnenOP revised 4 days agoThe sentiment of the sentence stands. Even with uncomputable functions, one shouldn't waste time in trying to solve them.
Then I suggest revising #3968 so that it still captures the sentiment without containing factual falsehoods.
There is overlap but I don’t think that is necessarily a bad thing. Many virtues overlap. The purpose of identifying them is to draw focus to different aspects of virtuous as such. Conscientiousness and thoroughness are quite similar, but I think different enough to merit mentioning both.
Excellence and pride are more similar IMO, but I think that it is fine to feature both.
There is overlap but I don’t think that is necessarily a bad thing. Many virtues overlap. The purpose of identifying them is to draw focus to different aspects of virtues as such. Conscientiousness and thoroughness are quite similar, but I think different enough to merit mentioning both.
Excellence and pride are more similar IMO, but I think that it is fine to feature both.
Bounties should be clear about what currency they are being paid out in.
#3970·Zelalem MekonnenOP revised 5 days ago"Man simply invented God in order not to kill himself, that is the summary of universal history down to the moment."
Dostoevsky
Why haven't all atheists killed themselves?
#3966·Zelalem Mekonnen, 5 days agoIs shorting be a mechanism of error correction?
I've also noticed incumbent advantage in business. Unless a competitor offers a better product, a company can be as corrupt and evil as possible.
Being as evil as possible would include things like murdering people. I don't think businesses can get away with murdering people just because they don't have viable competitors.
If a business gets away with murdering people, it is usually for other reasons, like creating coverups or lobbying politicians.
#3966·Zelalem Mekonnen, 5 days agoIs shorting be a mechanism of error correction?
I've also noticed incumbent advantage in business. Unless a competitor offers a better product, a company can be as corrupt and evil as possible.
I think it is an error to short stocks in most situations.
It might be an error correcting mechanism at the level of the market, but that is not what I am talking about when I say I don't like shorting. This discussion is specifically about making money in the markets.
#3972·Dennis Hackethal, 5 days ago…often they are dealing with larger sums of money, which can make it harder to make higher returns…
Why is it harder to make higher returns for larger sums?
Dealing in larger sums means you have to make big trades to building meaningful positions. Moving large money in, around, and out of the market takes time and needs to be done carefully (so that the price doesn't get away from you). Small investors can build proportionally large positions much easier.
It is like piloting an oil tanker vs a speed boat.
#3972·Dennis Hackethal, 5 days ago…often they are dealing with larger sums of money, which can make it harder to make higher returns…
Why is it harder to make higher returns for larger sums?
Dealing with larger sums of money narrows your investable universe.
As an example, Berkshire Hathaway has an investable universe of only a few hundred companies. Everything else is too small to move the needle for them.
There are many great opportunities available only to smaller investors.
#3967·Zelalem Mekonnen, 5 days agoBecause these barriers exist, the company does not have to constantly reinvent its core model to survive.
This sentence makes an opposite point if it stopped at "does not have to constantly reinvent," meaning economic moat is slowing down error correction.
Do you mean error correction within the company or at the level of the economy?
#3965·Zelalem Mekonnen, 5 days agoMarkets are also mostly based on knowledge from the outside. If you invest based on internal knowledge, that will be called insider trading (not making a moral judgement whether insider trading is good or bad).
Yes, but I think it is largely the interpretation of information that matters.
Different people respond very differently to the same information.
The sentiment of the sentence stands. Even with uncomputable functions, one shouldn't waste time in trying to solve them.
The sentiment of the sentence stands. Even with uncomputable functions, one shouldn't waste time in trying to solve them.
#3973·Dennis Hackethal, 5 days agoBy definition, there is nothing in the unknowable, since it can't be known.
This isn’t true. There are unknowable things. Look up uncomputable functions, see eg
- https://en.wikipedia.org/wiki/Computable_function#Uncomputable_functions_and_unsolvable_problems
- https://www.reddit.com/r/compsci/comments/2s2wgy/what_is_an_uncomputable_function/.
So there are things that computers like our brains can never access – there are fundamental, natural limitations.
In this context, I think of mysticism as restricting criticism and preventing error correction, ie creating a man-made barrier for reason. That’s different.
The sentiment of the sentence stands. Even with uncomputable functions, one shouldn't waste time in trying to solve them.
#3975·Dennis HackethalOP, 5 days agoShould not autopair behind a word character.
Steps to reproduce:
- Type 'foo'.
- With the cursor behind the second 'o', hit single quote:
'.- The text now reads
foo''but should only readfoo'.After a non-word character (eg linebreak, period, colon, semicolon etc) though, it should still autopair.
Fixed as of bbcefa8.
Should not autopair behind a word character.
Steps to reproduce:
- Type 'foo'.
- With the cursor behind the second 'o', hit single quote:
'. - The text now reads
foo''but should only readfoo'.
After a non-word character (eg linebreak, period, colon, semicolon etc) though, it should still autopair.
Undo/redo stack should preserve cursor position.
Steps to reproduce:
- Start with empty textarea.
- Type '('.
- Cursor is now inside '(|)'.
- Hit undo.
- Hit redo.
- Cursor is now behind '()|' but should be inside like in step 3.
Issue tracker for the autopairing + typethrough package at https://github.com/dchacke/autopair.js
#3968·Zelalem MekonnenOP, 5 days agoBy definition, there is nothing in the unknowable, since it can't be known. One can rationally and with confidence move on and not even entertain anything that claims to be 'beyond human understanding.'
By definition, there is nothing in the unknowable, since it can't be known.
This isn’t true. There are unknowable things. Look up uncomputable functions, see eg
- https://en.wikipedia.org/wiki/Computable_function#Uncomputable_functions_and_unsolvable_problems
- https://www.reddit.com/r/compsci/comments/2s2wgy/what_is_an_uncomputable_function/.
So there are things that computers like our brains can never access – there are fundamental, natural limitations.
In this context, I think of mysticism as restricting criticism and preventing error correction, ie creating a man-made barrier for reason. That’s different.
#3960·Benjamin DaviesOP, 6 days agoMoney is worth more today than in the future. We would all rather have $1,000 today than $1,000 in a year's time.
But how much more valuable is money now vs a year from now? Would you take $1000 now or $1100 a year from now?
Deciding what rate of return is acceptable to you is important for determining the rough degree of effort that will be required and what kinds of investments are worth pursuing. Someone trying to make 4%+ per year on their money has a much simpler task than someone trying to make 18%+.
Your answer will depend on what you are trying to achieve and what opportunities and knowledge you possess. Most prominent value investors want a minimum 10% return per year (often they are dealing with larger sums of money, which can make it harder to make higher returns).
This desired rate is what is used as the 'discount rate' when making a 'discounted cashflow' valuation of an asset.
My discount rate is 15%, as my goal is to make 15%+ per year in perpetuity.
…often they are dealing with larger sums of money, which can make it harder to make higher returns…
Why is it harder to make higher returns for larger sums?
Dennis Hackethal updated discussion ‘Finance and Investing’.
The ‘About’ section changed as follows:
A discussion about making money in financial markets.
A discussion about making money in financial markets. Nothing in this discussion should be taken as financial advice.
Per my current employment contract, my work hour is flexible. So I am looking for additional work. I cleaned up my resume and would love all criticisms and suggestions.
"Man simply invented God in order not to kill himself, that is the summary of universal history down to the moment."
"Man simply invented God in order not to kill himself, that is the summary of universal history down to the moment."
Dostoevsky
"Man simply invented God in order not to kill himself, that is the summary of universal history down to the moment."