tamade's comments

tamade | 1 year ago | on: DOJ will push Google to sell off Chrome

How likely will Trump DOJ drop this? Consumers have choice, albeit just a handful of credible options. Nobody is forced to use Chrome (unlike MSFT pushing IE back in the day)

tamade | 2 years ago | on: Japan's Old Art of Soba Noodle Delivery on Bicycles

Had the most sublime soba ever at Juugo in Kyoto. Small shop right off the Philosopher's Path. Literally farm-to-table, every serving made to order by chef-owner Ishhibashi-san who harvests his own buckwheat on his farm. Amazing what magic he conjures with just buckwheat and water. Try his sobagaki as well.

tamade | 3 years ago | on: UBS in talks to acquire Credit Suisse

The two rival banks have a lot in common, essentially identical cultures and similar scandals (though arguably CS has been more poorly run in recent years). Current CEO at CS ran a big part of UBS before taking the top job

tamade | 3 years ago | on: Mercury Vault: money market fund and up to $3M in FDIC insurance

> We also have a product called Mercury Treasury. This allows you to invest in mutual funds, the safest of which is a Vanguard Treasury Money Market fund (VUSXX)

Mercury charges 60bps for their Treasury product. Why the hefty fee for buying MMFs? VUSXX expense ratio is 9bps for comparison.

tamade | 3 years ago | on: Japan: the harbinger state

It's just a notional loss for tax purposes. Japan has generous depreciation loopholes, some of which was closed a few years ago.

tamade | 3 years ago | on: Japan: the harbinger state

Not really. Japan isn't unique in how property is valued. Real estate values in market-based economies are set by the market. Cap rates in Japan are comparable to the US and other major markets. Assigning value to land or improvements is just accounting. Buildings in Japan (and elsewhere) "lose value" over time due to depreciation, not because only land has value. There are huge tax advantages to owning real estate vs other asset classes. For example, Japanese real estate owners take advantage of accelerated depreciation for wooden structures as a tax shield.
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