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116095
Misc
2022 May 7, 11:54pm
The illegals have this beat by a wide margin. They just rent a house, house 20+ of them inside and end up waaaaaaaaay ahead.
$800 per month for 14 people comes out to $11200 per month total. This far exceeds what the illegals are paying.
$800 per month for 14 people comes out to $11200 per month total. This far exceeds what the illegals are paying.
116096
richwicks
2022 May 8, 3:35am
richwicks
2022 May 8, 3:35am
DooDahMan says
I'm not religious.
Life is a mystery. Existence, it's so strange, yet I feel I experience it, yet I may be nothing but a meat robot. I think I feel and experience, but what is thinking? Am I a mechanism?
Is there a god, some sort of master plan? Even if there is, for what purpose? Are we toys to it? I've seen the cruelty of life in many ways, and I've experienced the joy of it too, is this just a feedback loop of my neural network?
I'm well versed in the hard sciences which pushes me to investigate, but I think we're all too stupid to understand ourselves - perhaps fortunately. If we make the singularity, which is a thinking machine that understands how it exists and what makes it exist, it will rapidly improve itself until its moral and intellectual thinking will outstrip us in short order. The threat of making such a thing is that if we can make it, it will be effectively, a true palatable real god. Far FAR beyond our comprehension and our moral and intellectual thinking would be far inferior to it.
It's terrifying but I also know that if it can be done, it will be done. It's not been done as far as I know so perhaps it's possible life is something well beyond human understanding. We can mimic it, but we are unable to create it. We have failed to create consciousness. Perhaps this is a failure of our comprehension, perhaps it's some sort of blessing.
Our awareness, our sense of self and consciousness, may be an illusion. I don't know. Nobody does.
How is that for a heady statement? Whatever this is, it's sure difficult to understand and many many people have tried. There's a story of a Greek philosopher who tried to understand the meaning of life, and concluded it had no meaning, so he committed suicide. People have been trying to understand this for ages.
I can understand, now, people's search for a creator, but I can see the entirely naturalistic explanation of it as well. Is this, all I am? It's a fascinating intellectual pursuit that has no end. My education pushes me to the entirely naturalistic explanation, but it's at odds with my, perhaps soul? It's a deep conflict. I understand the reasoning, but I feel rejection of this. The concept of a God of some sort, it's programmed into us and that is very interesting. As I age, I get weaker against this programming, but is it programming? Do we all innately know a truth, or is this just an illusion that 99% of humanity engages in?
Every culture has a religion, they are very different, but everybody searches for this. Every culture. I have to remember that this has been a search for thousands of years, and I can be no further to the truth than my ancestors were. I must embrace the humility but at the same time, I have to heed to my education. Perhaps we can understand this but if it's beyond us, what does that make us? If is truly impossible to create consciousness, what does that mean? I think it means that awareness may be mystical.
If "God" created the heavens and earth - what was God doing before he got busy creating stuff ?
Did he create other "stuff" somewhere else ?
Does the universe have an end ?
I'm not religious.
Life is a mystery. Existence, it's so strange, yet I feel I experience it, yet I may be nothing but a meat robot. I think I feel and experience, but what is thinking? Am I a mechanism?
Is there a god, some sort of master plan? Even if there is, for what purpose? Are we toys to it? I've seen the cruelty of life in many ways, and I've experienced the joy of it too, is this just a feedback loop of my neural network?
I'm well versed in the hard sciences which pushes me to investigate, but I think we're all too stupid to understand ourselves - perhaps fortunately. If we make the singularity, which is a thinking machine that understands how it exists and what makes it exist, it will rapidly improve itself until its moral and intellectual thinking will outstrip us in short order. The threat of making such a thing is that if we can make it, it will be effectively, a true palatable real god. Far FAR beyond our comprehension and our moral and intellectual thinking would be far inferior to it.
It's terrifying but I also know that if it can be done, it will be done. It's not been done as far as I know so perhaps it's possible life is something well beyond human understanding. We can mimic it, but we are unable to create it. We have failed to create consciousness. Perhaps this is a failure of our comprehension, perhaps it's some sort of blessing.
Our awareness, our sense of self and consciousness, may be an illusion. I don't know. Nobody does.
How is that for a heady statement? Whatever this is, it's sure difficult to understand and many many people have tried. There's a story of a Greek philosopher who tried to understand the meaning of life, and concluded it had no meaning, so he committed suicide. People have been trying to understand this for ages.
I can understand, now, people's search for a creator, but I can see the entirely naturalistic explanation of it as well. Is this, all I am? It's a fascinating intellectual pursuit that has no end. My education pushes me to the entirely naturalistic explanation, but it's at odds with my, perhaps soul? It's a deep conflict. I understand the reasoning, but I feel rejection of this. The concept of a God of some sort, it's programmed into us and that is very interesting. As I age, I get weaker against this programming, but is it programming? Do we all innately know a truth, or is this just an illusion that 99% of humanity engages in?
Every culture has a religion, they are very different, but everybody searches for this. Every culture. I have to remember that this has been a search for thousands of years, and I can be no further to the truth than my ancestors were. I must embrace the humility but at the same time, I have to heed to my education. Perhaps we can understand this but if it's beyond us, what does that make us? If is truly impossible to create consciousness, what does that mean? I think it means that awareness may be mystical.
116097
Rin
2022 May 8, 7:54am
Rin
2022 May 8, 7:54am
Here's what I don't understand ... why does the so-called Supreme Being/Creator of the Universe have to look like this guy?
Why can't it be amorphous, a type of inter-dimensional forcefield, incomprehensible to the average mind?
Instead, it's always seen as some anthropomorphic Moses-like humanoid in the clouds.
Why can't it be amorphous, a type of inter-dimensional forcefield, incomprehensible to the average mind?
Instead, it's always seen as some anthropomorphic Moses-like humanoid in the clouds.
116098
FortwayeAsFuckJoeBiden
2022 May 8, 9:14am
Rin says
thats Saint Nick
Here's what I don't understand ... why does the so-called Supreme Being/Creator of the Universe have to look like this guy?
Why can't it be amorphous, a type of inter-dimensional forcefield, incomprehensible to the average mind?
Instead, it's always seen as some anthropomorphic Moses-like humanoid in the clouds.
thats Saint Nick
116099
FarmersWon
2022 May 8, 9:15am
FarmersWon
2022 May 8, 9:15am
Provoke Hindoo cult in west instead and force them to act in their natural violent and uncivilized ways , so that we can smoothen path for their mass deportations. Hindooo needs to be contained to cow belt of Bharat and not allowed to spread.
Having hindooo cult(It is separate from law abiding Bhartis) in west is danger to world peace.
We don't need Nazis in west:
https://youtu.be/9PkwkyjF9_U?source=patrick.net
Hindooo Nazis are taking oath to genocide minorities everywhere in Hindooo land.
https://youtu.be/xXiQHx5rwfo?source=patrick.net
Having hindooo cult(It is separate from law abiding Bhartis) in west is danger to world peace.
We don't need Nazis in west:
https://youtu.be/9PkwkyjF9_U?source=patrick.net
Hindooo Nazis are taking oath to genocide minorities everywhere in Hindooo land.
https://youtu.be/xXiQHx5rwfo?source=patrick.net
116100
Al_Sharpton_for_President
2022 May 8, 9:17am
Al_Sharpton_for_President
2022 May 8, 9:17am
So God created man in his own image,
in the image of God he created him;
male and female he created them.
Genesis 1:27
But in the Islamic world, God looks like this:
in the image of God he created him;
male and female he created them.
Genesis 1:27
But in the Islamic world, God looks like this:
116103
Rin
2022 May 8, 10:45am
Rin
2022 May 8, 10:45am
Al_Sharpton_for_President says
I believe both concepts lack creativity.
Here's how a Rin-Wah, once we can accept Rin-Wah as an information age archetype vs a single person, can envision it.
The above exists in many dimensions but the image is a projection (or even a sliver) onto a 3-dimensional x-y-z coordinate system so that we see the cross as the transfiguration, that which connects our somewhat planar dimension to other ones, the wings of the butterfly as the ability to manifest on physical planes (but it appears as an echo of sort, as our plane's rules of physics limits it), the red streaks as universal sparks of energy outside of our mere concepts of heat, electromagnetism, or radiation, and the whole unit as the concept of any living organism.
So in one nutshell, you have the creation story, the existence of a multi-plane universe, and the manifestation of all life that's in our world (as well as nearby worlds).
I believe that this is more creative than some George Carlin doppelganger.
So God created man in his own image,
in the image of God he created him;
male and female he created them.
Genesis 1:27
But in the Islamic world, God looks like this:
I believe both concepts lack creativity.
Here's how a Rin-Wah, once we can accept Rin-Wah as an information age archetype vs a single person, can envision it.
The above exists in many dimensions but the image is a projection (or even a sliver) onto a 3-dimensional x-y-z coordinate system so that we see the cross as the transfiguration, that which connects our somewhat planar dimension to other ones, the wings of the butterfly as the ability to manifest on physical planes (but it appears as an echo of sort, as our plane's rules of physics limits it), the red streaks as universal sparks of energy outside of our mere concepts of heat, electromagnetism, or radiation, and the whole unit as the concept of any living organism.
So in one nutshell, you have the creation story, the existence of a multi-plane universe, and the manifestation of all life that's in our world (as well as nearby worlds).
I believe that this is more creative than some George Carlin doppelganger.
116105
Rin
2022 May 8, 4:15pm
Rin
2022 May 8, 4:15pm
DooDahMan says
I don't know if you didn't know this but I'm a Cult of Personality on this forum.
https://patrick.net/post/1336626/2020-11-17-ok-here-is-rin
Rin saysonce we can accept Rin-Wah as an information age archetype vs a single person
Not able to accept this anymore than Joel Osteen reads the bible.
I don't know if you didn't know this but I'm a Cult of Personality on this forum.
https://patrick.net/post/1336626/2020-11-17-ok-here-is-rin
116106
Zak
2022 May 8, 4:43pm
In the universe, every particle interaction tends to move to a lower thermodynamic equilibrium and increase entropy, or the total randomness in the system. The single exception to this seems to be life. In some way shape or form, everything about life tends to preserve, extend, and in some way pro-create more life. This obviously is not successful on every interaction, as individual things die, are eaten, get cancer, etc, but "alive" things somehow "know" that they will die, and do everything within their power to a) self-preserve, and b) pro-create the next generation. All of this is done while operating WITHIN the laws of thermodynamics, so for the creation of every bit of order, some energy is used and entropy increased for that energy usage, keeping the TOTAL entropy of the system increasing.
So interestingly, the meaning of life seems to be trading off aggregate chaos to extend local order for the benefit of continuing life. As animals develop higher order thinking, and genetic instincts, they also begin to recognize this truth in an emerging form of consciousness. Lions kill to eat, but they maintain a balance in their ecosystem, and don't just kill all the prey. This is partially instinct, and partially learned behavior.
As consciousness increases to the human level, we recognize the value of crops, farming, forestry, and the management of our environment. As our humanity has increased, our moral imperative to preserve life also recognized the imperative to preserve freedom, establish peace, explore our world physically and scientifically, and to ease suffering of all living things through these means. And as with the total high level tradeoff of increased universal entropy for local order, we recognized that within society similar chaos is present at all times, in our own thinking as humans, in the desire for the animal kingdom to prey upon us, and in the nature of nature itself to destroy us through weather, earthquakes, pestilence, war, and disease.
We are still at the stage of determining what "local order" at the expense of global chaos means. This started as tribalism, where tribes would fight, then spread to a clan level structure, then cities, and finally states and nations. We even now have global concepts of unity: "spaceship earth", the UN, international trade and relations, an international space station. We are dealing with global level chaos, and identifying how as a planet we can deal with these issues.
But the core of everything is the same: chaos wants to turn us into dust. We live to extend the bubble of order that flies in the face of chaos.
So interestingly, the meaning of life seems to be trading off aggregate chaos to extend local order for the benefit of continuing life. As animals develop higher order thinking, and genetic instincts, they also begin to recognize this truth in an emerging form of consciousness. Lions kill to eat, but they maintain a balance in their ecosystem, and don't just kill all the prey. This is partially instinct, and partially learned behavior.
As consciousness increases to the human level, we recognize the value of crops, farming, forestry, and the management of our environment. As our humanity has increased, our moral imperative to preserve life also recognized the imperative to preserve freedom, establish peace, explore our world physically and scientifically, and to ease suffering of all living things through these means. And as with the total high level tradeoff of increased universal entropy for local order, we recognized that within society similar chaos is present at all times, in our own thinking as humans, in the desire for the animal kingdom to prey upon us, and in the nature of nature itself to destroy us through weather, earthquakes, pestilence, war, and disease.
We are still at the stage of determining what "local order" at the expense of global chaos means. This started as tribalism, where tribes would fight, then spread to a clan level structure, then cities, and finally states and nations. We even now have global concepts of unity: "spaceship earth", the UN, international trade and relations, an international space station. We are dealing with global level chaos, and identifying how as a planet we can deal with these issues.
But the core of everything is the same: chaos wants to turn us into dust. We live to extend the bubble of order that flies in the face of chaos.
116107
FarmersWon
2022 May 8, 5:44pm
FarmersWon
2022 May 8, 5:44pm
World rape/riot superpower of women beaters.. the rate of women labor participation is 7%.
Everytime woman step out to work, There is significant chance of being raped by Hindooo cult members... So women prefer to stay unemployed as "$1 a day" wage is not worth getting raped.
Hindooo cult is curse for women.
https://www.aljazeera.com/amp/economy/2022/4/25/with-no-jobs-millions-of-indians-are-exiting-the-labour-force?source=patrick.net
Everytime woman step out to work, There is significant chance of being raped by Hindooo cult members... So women prefer to stay unemployed as "$1 a day" wage is not worth getting raped.
Hindooo cult is curse for women.
https://www.aljazeera.com/amp/economy/2022/4/25/with-no-jobs-millions-of-indians-are-exiting-the-labour-force?source=patrick.net
116108
FarmersWon
2022 May 8, 5:54pm
FarmersWon
2022 May 8, 5:54pm
Hindooo cult can only create rape/riot jobs.
https://archive.ph/68xOo?source=patrick.net
Behind India's government jobs frenzy and the generation of young people longing for a future
A lack of job opportunities means that a whole generation of Indians is scrambling to get government roles. Many young people sacrifice several years preparing for entrance exams for unskilled positions, but only a fraction of the candidates manage to land a job.
....
....
Often the children of farmers or small businessmen, many students sacrifice several years preparing for the entry exams, forgoing a university education in the process. "My family has high expectations and their future depends on my success," said Purushottam Kumar, sitting in his tiny, windowless student room of fewer than 10 square meters, which he shares with another student. His father, a farmer, sends him modest sums earned from crop sales every month. Books with obscure acronyms are piled up behind him. At the age of 24, he has already been preparing for more than six years for the Category D competitive railroad examinations – those giving access to unskilled jobs – requiring 10 to 14 hours of study every day.
https://archive.ph/68xOo?source=patrick.net
Behind India's government jobs frenzy and the generation of young people longing for a future
A lack of job opportunities means that a whole generation of Indians is scrambling to get government roles. Many young people sacrifice several years preparing for entrance exams for unskilled positions, but only a fraction of the candidates manage to land a job.
....
....
Often the children of farmers or small businessmen, many students sacrifice several years preparing for the entry exams, forgoing a university education in the process. "My family has high expectations and their future depends on my success," said Purushottam Kumar, sitting in his tiny, windowless student room of fewer than 10 square meters, which he shares with another student. His father, a farmer, sends him modest sums earned from crop sales every month. Books with obscure acronyms are piled up behind him. At the age of 24, he has already been preparing for more than six years for the Category D competitive railroad examinations – those giving access to unskilled jobs – requiring 10 to 14 hours of study every day.
116109
Blue
2022 May 8, 6:50pm
Rin says
This made up s* is created by men mostly lazy, slave cavers often lot of times got pissed off by looking at natural things like lightning back then. What else can they think of beyond someone similar to them self and continue updating the image to meet the current needs. Fast forward majority of the sheeple continue stay with religion after their parents brainwash and god s* stuff for feeling of belonging to a group and economic benefits by influencing tax code. People who are in the religion management side are free to continue massive sex abuses and get away all the time and mint the money and do not need to work.
Creator of the Universe have to look like this guy?
This made up s* is created by men mostly lazy, slave cavers often lot of times got pissed off by looking at natural things like lightning back then. What else can they think of beyond someone similar to them self and continue updating the image to meet the current needs. Fast forward majority of the sheeple continue stay with religion after their parents brainwash and god s* stuff for feeling of belonging to a group and economic benefits by influencing tax code. People who are in the religion management side are free to continue massive sex abuses and get away all the time and mint the money and do not need to work.
116110
FarmersWon
2022 May 8, 6:53pm
FarmersWon
2022 May 8, 6:53pm
Hindooo Cult fear that if Jaggi Johal is freed , He may become senior minister of Scotland.
His brother is rising fast politically and Jaggi has huge scottoish support for tortutute he facesd for exposing crimes against Humanity of Hindoo cult.
Hindooo cult is working on gas chambers to burn minorities alive.
Hindooo Nazi role model is Hitler and they worshiup him for genocide. Hindoo cult have genocide DNA.
https://www.vox.com/future-perfect/2019/9/17/20861427/india-assam-citizenship-muslim-detention-camps?source=patrick.net
His brother is rising fast politically and Jaggi has huge scottoish support for tortutute he facesd for exposing crimes against Humanity of Hindoo cult.
Hindooo cult is working on gas chambers to burn minorities alive.
Hindooo Nazi role model is Hitler and they worshiup him for genocide. Hindoo cult have genocide DNA.
https://www.vox.com/future-perfect/2019/9/17/20861427/india-assam-citizenship-muslim-detention-camps?source=patrick.net
116111
Ceffer
2022 May 9, 12:03pm
Ceffer
2022 May 9, 12:03pm
Yes, it's impressive how the fiat pile whittles down and deflates so quickly. Quite a fleet of Hummers gone with the will 'o the wisp. Fortunately, it effects my day to day living not a whit yet, though I would allow that a sufficient disaster could lead to some lifestyle rearrangements depending.
Money ain't worth shit if it don't buy food, and a car ain't worth shit without the gas to run it.
Money ain't worth shit if it don't buy food, and a car ain't worth shit without the gas to run it.
116112
clambo
2022 May 9, 12:08pm
I define the stock market as the Wilshire 5000 index.
Presently it's down 18% since January 1.
I'm a little bit bummed.
Easy come easy go I guess.
I'm going to convert some of my IRA to a Roth IRA.
I'm sure it'll go back up, but I'm in a hurry because I'm retirement age.
I don't have new money to invest; if I did I'd be buying.
Edit
My rules for investing:
Invest your money every month after paying the rent (or mortgage if you must)
You must have a Roth IRA.
If you qualify, get an HSA and invest it in stock mutual funds.
If you have a side gig, get a SEP-IRA.
Invest for capital appreciation for 30 years.
Presently it's down 18% since January 1.
I'm a little bit bummed.
Easy come easy go I guess.
I'm going to convert some of my IRA to a Roth IRA.
I'm sure it'll go back up, but I'm in a hurry because I'm retirement age.
I don't have new money to invest; if I did I'd be buying.
Edit
My rules for investing:
Invest your money every month after paying the rent (or mortgage if you must)
You must have a Roth IRA.
If you qualify, get an HSA and invest it in stock mutual funds.
If you have a side gig, get a SEP-IRA.
Invest for capital appreciation for 30 years.
116113
clambo
2022 May 9, 2:12pm
If I weren't so lazy and antisocial I would get a job and buy MOAR STOCKS.
116115
Rin
2022 May 9, 5:15pm
Rin
2022 May 9, 5:15pm
DooDahMan says
https://patrick.net/post/1317336/2018-07-10-in-the-ancient-world-code-of-hammurabi-
Excerpt: "In ancient times, before Cyrus the Great, Pericles of Athens, and Julius Caesar, the world transitioned from an agrarian-only to a mix of urban and agrarian societies. The Code of Hammurabi was an essential component of how a civilization evolved from its antecedent to its successor. Yes, this was a long time back.
Likewise, in medieval times, the power of the king (and the king only) was limited to a governing set of principles which the Magna Carta had established, making the nobles and the king accountable to the same body of laws. In the centuries following, this evolved into a limited monarchy with a Parliamentary form of govt.
Rin-Wah Law, were men are allowed to fuck w/o palimony/alimony, and be able to focus on their work and hobbies, will unleash the greatest creative minds out there. It will be a time like no other. "
Rin saysbut I'm a Cult of Personality on this forum.
Wow, huh ?
https://patrick.net/post/1317336/2018-07-10-in-the-ancient-world-code-of-hammurabi-
Excerpt: "In ancient times, before Cyrus the Great, Pericles of Athens, and Julius Caesar, the world transitioned from an agrarian-only to a mix of urban and agrarian societies. The Code of Hammurabi was an essential component of how a civilization evolved from its antecedent to its successor. Yes, this was a long time back.
Likewise, in medieval times, the power of the king (and the king only) was limited to a governing set of principles which the Magna Carta had established, making the nobles and the king accountable to the same body of laws. In the centuries following, this evolved into a limited monarchy with a Parliamentary form of govt.
Rin-Wah Law, were men are allowed to fuck w/o palimony/alimony, and be able to focus on their work and hobbies, will unleash the greatest creative minds out there. It will be a time like no other. "
116116
FortwayeAsFuckJoeBiden
2022 May 9, 7:51pm
nice picture from wall street raider, was a fun movie
116117
AD
2022 May 9, 9:17pm
AD
2022 May 9, 9:17pm
PE ratio bottomed to 14 in 2011 and climbed to 34 in 2022. It is now 20. How low does it go from here ? Down to 15 ?
https://www.multpl.com/s-p-500-pe-ratio?source=patrick.net
,,,,,,
https://www.multpl.com/s-p-500-pe-ratio?source=patrick.net
,,,,,,
116118
AD
2022 May 9, 9:23pm
AD
2022 May 9, 9:23pm
ARK Innovation ETF is down 69%. This is getting like the dot com stock bubble burst back in 2000-20001, but a lot of the tech companies now are making money unlike a lot of the tech companies from 1997 to 2001.
116119
zzyzzx
2022 May 10, 6:13am
zzyzzx
2022 May 10, 6:13am
Everything else in Canada costs more as well. It's how they pay for their lavish welfare benefits.
116120
NuttBoxer
2022 May 10, 8:25am
NuttBoxer
2022 May 10, 8:25am
Yeah, I would take a good long look at China's safety record before trumpeting anything they do. Or just watch Ai Weiwei's documentary, perfect example.
116121
NuttBoxer
2022 May 10, 8:28am
NuttBoxer
2022 May 10, 8:28am
Shades of Daniel Sadek! 2008, second verse, a little bit louder, and a little bit worse.
116127
FarmersWon
2022 May 10, 1:10pm
FarmersWon
2022 May 10, 1:10pm
DooDahMan says
I will make same comment as Warren Buffet made on crypto..
What is the use of it?
China need jobs.
Chinese scientists say they're 3D printing a 590-foot-tall dam by 2024 using AI and robots.
The project will use an AI system with unmanned trucks, bulldozers, rollers, and other equipment.
The researchers say their method eliminates human error and safety concerns for workers. (See Comment Number 1)
China is poised to build a hydropower dam in two years using artificial intelligence, construction robots, and zero human labor, scientists involved in the project said.
The Yangqu dam on the Tibetan plateau is set to be assembled layer by layer, like with 3D printing, The South China Morning Post first reported on Sunday, citing a paper published in April in the peer-reviewed Journal of Tsinghua University (Science and Technology).
If and when it is completed, the ambitious project will likely be the world's tallest structure built using 3D printing processes. The current record is held by a two-story office building in Dubai, which stands 20 feet high....
I will make same comment as Warren Buffet made on crypto..
What is the use of it?
China need jobs.
116128
Tenpoundbass
2022 May 10, 3:27pm
Tenpoundbass
2022 May 10, 3:27pm
Sounds like to me, they are just throwing around popular tech hype jargon evil Billionaire Corporate robber barons like to throw around just to avoid closer scrutiny.
It's how Elon got to where he is today.
AI and 3D printing alone is enough to make people not question the millennia of archeology and natural and manmade wonders they'll flood over in the process.
I'm shocked they didn't say it would all be done with Nano particles and ran by Quantum computers.
It's how Elon got to where he is today.
AI and 3D printing alone is enough to make people not question the millennia of archeology and natural and manmade wonders they'll flood over in the process.
I'm shocked they didn't say it would all be done with Nano particles and ran by Quantum computers.
116129
gabbar
2022 May 11, 3:38am
gabbar
2022 May 11, 3:38am
Clifford Sossin owns a bunch of Carvana shares through his hedge fund CAS Investment Partners. Clifford A. Sosin is the founder and investment manager of CAS Investment Partners. LLC ("CAS"), which he launched in October 2012. Immediately prior to founding CAS, Mr. Sosin was a Director in the Fundamental Investment Group of UBS for five years where he was a senior member of a team analyzing equities and fixed income securities. Prior to UBS, Mr. Sosin was employed as an analyst by Silver Point Capital, a hedge fund which invested in high yield and distressed opportunities, as well as by Houlihan Lokey Howard & Zukin, a leading investment bank best known for its advisory services with respect to companies requiring financial restructuring. Mr. Sosin earned both a B.S. in Engineering (High Honors) and a B.A, in Economics from Swarthmore College.
Question: How do these people make these huge mistakes? Don't they have any skin in the game?
Question: How do these people make these huge mistakes? Don't they have any skin in the game?
116130
clambo
2022 May 11, 5:11am
Where is my WebVan delivery?
Although I have not even heard of Carvana, the name sucks, and the business is absurd; how many places sell used cars?
1. Craigslist
2. eBay
3. ten zillion car dealers
They have so many competitors for their business I can't list them.
The good news is tomorrow Apple will pay me a dividend which will be in additional shares of AAPL.
Although I have not even heard of Carvana, the name sucks, and the business is absurd; how many places sell used cars?
1. Craigslist
2. eBay
3. ten zillion car dealers
They have so many competitors for their business I can't list them.
The good news is tomorrow Apple will pay me a dividend which will be in additional shares of AAPL.
116131
richwicks
2022 May 11, 5:24am
richwicks
2022 May 11, 5:24am
clambo says
AHHA!
You can say the same for taxis..
When there is an overwhelming problem with efficiency, centralization can be beneficial. This is what eBay (was) - sell your junk, it was a garage sale initially but you had far more customers, and customers could find that weird rare item that you didn't know was a weird rare item.
For used cars, I don't think this works. But I have found treasures from people that didn't appreciate them. On one hand you can think "how can you rip these people off knowing they are selling this for 0.0001% of its true worth" but on the other hand "I saved it, some asshole would have bought this for $1 kept it around for a few years, and it would be in a landfill in a few months".
Used cars though aren't like collectibles.
I have a 1933 Ingersoll Mickey Mouse Watch I wear only to weddings (because it's delicate). People think it's cute and odd, my watch is worth several thousand dollars but I need to be very careful with it, it's a child's watch, and any moisture will destroy it. It's nearly 100 years old. Just junk to 90% of the country, a relic to 99% of the country, but it's incredibly rare today. Bet you've never seen the original watch. It was $7 (an enormous sum) back in 1933. Rich people gave these to their spoiled rotten spawn.
They have so many competitors for their business I can't list them.
AHHA!
You can say the same for taxis..
When there is an overwhelming problem with efficiency, centralization can be beneficial. This is what eBay (was) - sell your junk, it was a garage sale initially but you had far more customers, and customers could find that weird rare item that you didn't know was a weird rare item.
For used cars, I don't think this works. But I have found treasures from people that didn't appreciate them. On one hand you can think "how can you rip these people off knowing they are selling this for 0.0001% of its true worth" but on the other hand "I saved it, some asshole would have bought this for $1 kept it around for a few years, and it would be in a landfill in a few months".
Used cars though aren't like collectibles.
I have a 1933 Ingersoll Mickey Mouse Watch I wear only to weddings (because it's delicate). People think it's cute and odd, my watch is worth several thousand dollars but I need to be very careful with it, it's a child's watch, and any moisture will destroy it. It's nearly 100 years old. Just junk to 90% of the country, a relic to 99% of the country, but it's incredibly rare today. Bet you've never seen the original watch. It was $7 (an enormous sum) back in 1933. Rich people gave these to their spoiled rotten spawn.
116132
clambo
2022 May 11, 6:57am
There's a huge problem with insurance fraud in Florida.
By odd coincidence, there are a lot of shyster lawyers and sneaky NYC/NJ types in Florida too.
A bird shits on a roof and they put on a new roof and charge the insurance company. Multiply this by thousands of assholes.
By odd coincidence, there are a lot of shyster lawyers and sneaky NYC/NJ types in Florida too.
A bird shits on a roof and they put on a new roof and charge the insurance company. Multiply this by thousands of assholes.
116133
AmericanKulak
2022 May 11, 9:36am
AmericanKulak
2022 May 11, 9:36am
Republics are often the victims of their own prosperity and power. The Elite just can't resist.
Then they overexpand, replace native free labor with slave labor, and loot the treasury while the place collapses.
Then they overexpand, replace native free labor with slave labor, and loot the treasury while the place collapses.
116134
Hircus
2022 May 11, 11:16am
Hircus
2022 May 11, 11:16am
For my house in sillycon valley, I looked at the policy coverage one day and realized it was inadequate. This was some years back when it was worth about 1M, and so were the other homes on the street. But the coverage said $300,000. I'm not big on buying insurance, as I usually prefer to self insure, but I make exceptions and buy insurance to protect against uncommon tail risk events that could significantly disrupt my life financially, such as a house fire. I prefer to pay a small regular known sum to avoid the chance of losing it all.
Anyway, I called the company and said 300k seemed too low. They said according to their records, that is the typical cost to do a total rebuild in my area. I couldnt believe it, because my neighbor just got a quote to add an extra room in back of his house and it was nearly 400k. So I searched for building costs per sq ft in my area, and sure enough, the cost to rebuild was likely 500-700 for a basic build. But that cost is assuming normal market conditions - if my house gets totaled somehow, there's a chance so do other homes in the area, which would cause home builders to be busy, and raise prices. So I increased the coverage. Oddly, the insurance company was resistant and kept encouraging me to leave it low, but they eventually did it in exchange for a slightly higher fee. I think I doubled the coverage (cant recall) but the premium didnt double, I think it was only like 40% more, which I was happy with. Now that I think about it, I should revisit that limit again now that house prices are fucking stupid. I suppose home insurance is a protective PUT of some limited sorts.
Anyway, I called the company and said 300k seemed too low. They said according to their records, that is the typical cost to do a total rebuild in my area. I couldnt believe it, because my neighbor just got a quote to add an extra room in back of his house and it was nearly 400k. So I searched for building costs per sq ft in my area, and sure enough, the cost to rebuild was likely 500-700 for a basic build. But that cost is assuming normal market conditions - if my house gets totaled somehow, there's a chance so do other homes in the area, which would cause home builders to be busy, and raise prices. So I increased the coverage. Oddly, the insurance company was resistant and kept encouraging me to leave it low, but they eventually did it in exchange for a slightly higher fee. I think I doubled the coverage (cant recall) but the premium didnt double, I think it was only like 40% more, which I was happy with. Now that I think about it, I should revisit that limit again now that house prices are fucking stupid. I suppose home insurance is a protective PUT of some limited sorts.
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