jmh530's comments

jmh530 | 7 years ago | on: Stoicism's Appeal to the Rich and Powerful

I woke up yesterday without an alarm at 5:40am and was like, damn I overslept.

jmh530 | 7 years ago | on: Wall Street’s Latest Love Affair with Risky Repackaged Debt

The wealthy disproportionately have their money invested in equities. The ultra wealthy are also typically highly concentrated in specific companies, think Jeff Bezos and Amazon. They tend to lose more when the market crashes.

jmh530 | 7 years ago | on: CRISPR machines that can wipe out entire species

Malaria and other diseases are one of the main reasons Europeans kept their African ambitions relatively contained. What is the geopolitical implication of eliminating malaria?

jmh530 | 7 years ago | on: RenTech Created the Ultimate, Tax-Free IRA Account for Employees

I mean, it's kind of ridiculous to just make blanket statements like that. This is a hedge fund that has a long history of good performance. The whole point of a ponzi scheme is that you have to keep getting more money from outside investors to pay the original investors. Rentec does the exact opposite. They refuse outside money and keep their employees from investing too much in it.

With that out of the way, obviously no one except those who work for them knows what they actually do. What we do know for sure if that they are highly levered, use an entirely systematic/algorithmic investment process, and do a shit load of trading. So even if they don't earn a lot on each trade, they do so many that are just barely profitable and highly levered that it ends up being a lot of money.

jmh530 | 7 years ago | on: U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding Banks

Nuclear weapons are a good example of IP theft though. Russia stole plans from the US for nuclear weapons to get ahead. The US literally executed people for their role in it.

jmh530 | 7 years ago | on: Generating classical music with LSTM neural networks

My english teacher in high school said that some guy from Apple came to talk to them and said that soon AI would be able to write stories. That was 15 years ago and as far as I can tell, they cant use bots to write anything like an original story that anyone would want to actually read. Good luck making "entire movies."

jmh530 | 7 years ago | on: Raising of Chicago

It's 10:57pm and NYC is just honking away...

jmh530 | 7 years ago | on: The myth of whiteness in classical sculpture

This has been known for some time...

jmh530 | 7 years ago | on: NYU Makes Tuition Free for All Medical Students

Upon graduation, these free tuition doctors will be taking jobs in a competitive market. Some doctors they compete against will have debt, some won't. But it really isn't like the amount they charge for services will decline. This just means that some doctors will get a little bit richer...

jmh530 | 7 years ago | on: Firefox is back. It's time to give it a try

It runs awful on my work computer, but fine on home computer.

jmh530 | 8 years ago | on: The high modernism of social media companies

I was a relatively early adopter to Facebook, though not Harvard- or Ivy League-early. It didn't have a hot-or-not style rating at that time. Poking was a feature, but I'm not sure it was ever that popular.

jmh530 | 8 years ago | on: How Politics and Bad Decisions Starved New York’s Subways

My girlfriend thought it was for a Federal constitutional convention...

jmh530 | 8 years ago | on: Matrix Calculus

Bookmarked!

jmh530 | 8 years ago | on: Firefox 57.0 Released

Honestly, I'm having all kinds of problems. I've had to force quit a bunch of times. Some sites are 100% fine, but others cause CPU to 100% and doesn't come down. Feedly was the first I noticed, but it happened again on Yahoo Finance when I clicked on a stock quote. It happened when I went to the new tab settings and tried to change those. Some things are just really off.

jmh530 | 8 years ago | on: Firefox 57.0 Released

Feedly performs like garbage with the new Firefox. 100% of CPU when clicking on the feed and doesn't go down.

jmh530 | 8 years ago | on: Qualcomm rejects Broadcom's $103B takeover proposal

GDP is a measure of value-added. That's why they net out things like net trade.

jmh530 | 8 years ago | on: Qualcomm rejects Broadcom's $103B takeover proposal

"The economic output of an entire nation can be useful for such comparisons when you're attempting to relate to very large financial figures."

I repeat: It's comparing a stock and a flow. You cannot compare a stock and a flow because they are different units. 103bn per year vs. 103bn as a volume of wealth. You could compare 103bn to the wealth of a country. Or you could say that it is equal to N empire state buildings, or a number of dollars that goes around the world X times. But if you compare it to GDP, then you're not comparing apples to apples.

jmh530 | 8 years ago | on: Qualcomm rejects Broadcom's $103B takeover proposal

You're confusing a stock and a flow. GDP is a measure of value-added per period. That's a flow. The value of a company is a stock. More comparable to the wealth of a country than its GDP.

jmh530 | 8 years ago | on: The Case for RSS

Sounds interesting. I'm a long-time RSS user and never made the jump to twitter. My gripe with twitter is that it seems like there is too much noise and too little signal. I suppose at this point my RSS has a lot of noise, but I'm perhaps more attuned at how to filter it out (but I do it heuristically).

jmh530 | 8 years ago | on: To Understand the Benefits of Tax Reform, Start by Understanding Apple's Taxes

There's a difference between pro-business and pro-market. There's nothing inconsistent with believing in free markets/rule of law and at the same time believing that a tax system should be fair. Scandinavian countries that people refer to as socialist are actually free market economies (in that they score just as well as the U.S. in the Heritage Index of Economic Freedom), but have more extensive tax and redistribution programs than the U.S.