Comments by "seneca983" (@seneca983) on "Wall Street Millennial" channel.

  1. Note that the ADRs might become worthless even if Sberbank stock doesn't. Though they should represent a claim equivalent to actual stock there's no guarantee that that will be honored during exceptional circumstances like these. That might at least partly explain the ADR prices.
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  2. I wish Nokia had chosen Android instead of Windows Phone to begin with.
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  3. The "genius" was Duke Minks. He was employed as some kind of advisor in the Nauru Phosphate Royalties Trust and the musical was also written by him (along with 3 other people). Basically he spent other people's money to make his own musical. To be fair, this particular investment was really bad but it was a fairly small part of the total funds invested. Sadly, too many of the other investments failed too.
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  4.  @FranzBiscuit  That just doesn't make any sense. Whether quantum computers work doesn't in any way rely on the Copenhagen interpretation. The Copenhagen interpretation is, after all, just an interpretation of a theory. It's not a theory onto itself and you don't need to make predictions.
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  5.  @grimgoreironhide9985  But he also ended up also helping Nokia by seriously overpaying for the Nokia phone division.
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  6. I think you're ascribing a too far-reaching meaning to the phrase "scientifically sound". I'd say in this context it only means that achieving higher velocities in evacuated tubes is possible. However, the engineering challenge of doing that cheaply enough to make any economic sense is a completely different matter.
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  7.  @Liferoad371  Based on the description in this video a suicide seems perhaps more likely.
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  8. But that's not the only issue with them. They also have an incentive to cut costs by taking worse care of the inmates. Since their "customers" can't choose another company to house them they don't face same kind of market discipline a normal company would.
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  9. @Blitz Gaming654 "the Boring company is not a failure it still active and doing well" I don't think it has delivered any products that make sense. E.g. the Las Vegas loop has a laughably low capacity. I don't see what value that company is going to add.
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  10. Musk's guts aren't solely a good thing. Some of his ideas are a bit harebrained.
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  11. Investing into Hyperloop was an idea with almost no prospect of commercial success. Even normal maglev trains are still an expensive rarity. Where's the demand for going a step further and putting those trains into tubes with a vacuum inside? Evacuating such a large volume can't be cheap.
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  12. 5:23 "An additional 20% of the stock was owned by the German state of Saxony." As a minor nitpick, I think that 20% was owned by Lower Saxony, a.k.a. the Real Saxony.
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  13. 2:05 Crimea is not quite an island because it's connected to (the rest of) Ukraine by a the narrow Isthmus of Perekop. Therefore it's a peninsula.
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  14.  @shariqzafar  "Zelensky chose to fight it out" It seems to me that it was Putin who chose to fight it out. He's the one who invaded after all.
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  15. "He could have slowly raised the price and no one would have been the wiser." But the price hike wasn't why he went to prison. The law generally allows companies to price their products as they see fit, for better or for worse.
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  16. 2:45 "So if Bill Hwang wanted five times leverage he could potentially just go five different brokers and max out the leverage ratio at each one." I don't think you can increase your leverage by just using multiple brokers. Surely a broker only allows you to borrow against shares the broker is holding for you. Using the same set of shares as collateral for multiple loans from multiple brokers would likely be against the agreement with the brokers if it's even possible. Similarly, any contracts for difference (a.k.a. total return swaps) with different brokers are separate. You can't chain them to increase your leverage.
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  17.  @mcrayfourd  Holmes is still facing a trial set to begin on August 31, 2021. She might go to prison yet.
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  18. "I was into him too" You mean romantically? ;)
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  19. This wasn't a disaster for the UK in the long run. The economy improved afterwards. I think some of the continental European economies ran too tight monetary policies and suffered as a result.
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  20.  @Wqube  "if a stock is worth $10 and someone "sells" 80% of the stocks on the market, the value is going down" So what? The point (or one of the points) of the stock market is price discovery. If someone thinks a stock is undervalued they can buy it and if they think it's overvalued they can sell it. That's how market price is formed. There shouldn't be a reason to prevent selling just to protect anyone who owns a share. (And 80% of stock being shorted doesn't necessarily mean a drop of 60% or any other specific number; that depends on the elasticity of demand for the stock.) "If they allowed individual investors to short stocks" Individual retail investors are totally allowed to short stocks and many do it.
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  21. I'd say some white people employed by the Nauru Phosphate Royalties Trust (e.g. Duke Minks) are partially to blame for the bad investments. Of course, I'm only blaming these particular individuals, not any other white people.
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  22. Putin doesn't care if ordinary Russians are plunged into destitution. His grand designs are more important to him so to him the sacrifice is worth it.
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  23.  @PhilMccamley  It's fair to want more free time but then you also have to accept a more thrifty lifestyle. You can't have it both ways.
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  24.  @shaunrosenberg4568  Well, based on quick googling it would seem there are 17 million vacant homes in the US which seems a roughly similar ratio relative to the population. Granted, the US doesn't have those "ghost cities" but are they really that big part of the housing market in China. Even if they're overvalued presumably they're still cheaper than those in actually high-demand areas and some portion of them could still fill up from people migrating away from rural areas. I'm not claiming that the bearish position is wrong, merely that it doesn't seem certain that it's right.
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  25. Rail should be viable within densely populated regions like the coasts.
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  26.  @lassikinnunen  Who has said "5 years away"?
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  27. "As a Brit i admire the French for fighting for what is theirs" But in this case they're taking it away from their offspring.
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  28. Fun fact: Accenture used to be a part of Arthur Andersen. However, they got into some kind of fight with their parent company which settled in arbitration. The ruling was that they could separate but they would lose the right to use the Arthur Andersen trademark. Losing the prestigious name felt like a big bummer until this scandal happened less than a year later.
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  29. @Blitz Gaming654 A tram can be powered by a third rail or an overhead wire so it doesn't need much of a battery. Steel wheels last longer and have lower rolling resistance than rubber wheels. A single tram has a much higher capacity than a car (or several cars) so costs per passenger (including for paying the driver) are lower. What are the advantages of cars? Basically flexibility in moving individual people or small groups. This is irrelevant for operating a fixed line like the Loop. Using vehicles that can only carry a few people doesn't take advantage of the economics of scale.
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  30.  @tedchou12  "On an individual person level, we have to work hard to repay our debts, why doesn't that apply to countries like Argentina?" If an individual cannot reasonably pay their debts, they may get the debt, or a portion of it, discharged through bankruptcy (though this may depend on jurisdiction). Shouldn't the same apply to countries?
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  31. They get some revenue from licensing the fishing grounds to foreign vessels.
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  32. That part about using condensation water for drinking makes no sense.
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  33. "GaaS, GaaS, GaaS" -Manuel
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  34.  @chris0000924  If you mean my last sentence, I wasn't talking about compatibility. I meant that I like Android because any company can start producing Android phones and it's not locked to one company. Yes, Apple proved that a controlled ecosystem can work for a company but that's not what I talking about. I mean I like open ecosystems more for ideological reasons. I think they're better for society as a whole. For an individual company a closed ecosystem can work (though it's not always easy to get off the ground) but the society is better off if other companies can come in and compete.
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  35. Why shouldn't that be allowed?
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  36.  @lexusvip4003  "Because it is the exact reason GameStop squeezed in the first place" So what? It's the short-sellers who suffered the loss from this failed bet. We don't need to protect them from their own mistakes. "They can't change the rules" What rule change are you talking about? Limiting shorting would be a rule change.
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  37.  @Wqube  I disagree that the stock existing twice would mean that the price isn't correct. It just takes the short seller's estimate into account.
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  38.  @scronx  E.g. simulating quantum systems.
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  39.  @cormano64  The price hike was at least morally questionable but it's not a crime. The law generally allows companies to price their products as they see fit (even if it might sometimes lead to suboptimal results).
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  40.  @cormano64  "You people with your mental gymnastics are unbelievable." I merely explained why the price hike wasn't a factor in his prison sentence, nothing more.
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  41. "Google Pharmaceutical Insurance Business Model. [...] Don't repeat the US Court of Justice failures." The Daraprim price hike wasn't why he went to prison.
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  42. US prison sentences are excessively long IMHO.
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  43. Aren't the coasts pretty dense? Surely they're not sparser than regions in Europe with high-speed rail?
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  44. But do people pay attention to such ads? They might be worth much less than ads in place of the stream.
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  45.  @RC404  Adding a purifier for that small amount of water isn't worth it. A much easier use for condensation water is to just evaporate it at the condenser thus improving the efficiency of the AC. Also, Wall Street Millenial's point about it being more useful in arid regions makes even less sense. Those are precisely the places where it's more difficult to get water out of the air.
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  46.  @RC404  You'd basically have to add some other machine to render the water potable and the amount of water would be fairly small. I don't see how that would make economic sense.
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  47.  Suraj Kumar  Like Vincent Kosuga?
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  48. No, because Japan has cracked down on Yakuza very harshly and they have diminished in power quite a lot.
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  49.  @john2335  For somewhat similar reason Ukraine cannot surrender either. The population wouldn't allow that.
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  50. Zimbabwe's inflation wasn't the worst ever. Post-WWII Hungary still holds the record for the highest inflation rate ever.
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  51.  @cpm1003  Standard & Poor's
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  52. "Why would your pitch be to give up eating actual food to save time?" Why not? People are lazy sometimes and it can also ensure that you get all the necessary nutrients. Also, I don't think most people using products like these persist only on it. They probably eat regular food too.
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  53.  @chris0000924  Android has a bigger ecosystem. Network effects matter a lot. Also, I don't like when the operating system is controlled.
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  54. It's not clear that he committed any crimes this time. Simply making a YOLO that goes tits up isn't necessarily a crime (though it could be depending on the particulars).
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  55. Tesla has Panasonic make their batteries.
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  56. "The smart solution would be to allow those under 45 to fully opt out of the system" How'd you pay the benefits of those over 45 then?
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  57. It's not cheaper to build underground. Tunneling is expensive. Tesla and SpaceX have no experience of building rail.
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  58. But it's still a military vessel (if not an actual combat vessel in the present day).
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  59. Those alternatives are used in far fewer countries. It's still a major hurdle if you can't use SWIFT.
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  60. Well, it wasn't technically a hedge fund.
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  61. Well, brown is really a kind of dark red or dark orange.
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  62. Hong Kong stock exchange uses Hong Kong Dollar, not Yuan. China limits how much the people can exchange Yuan for foreign currency.
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  63.  @stgravatt  "Lower the supply of labor and youd have more employee friendly wages" But that wouldn't help with what OP is talking about. Lowering the supply would reduce the number of people working or the hours they work which would reduce the total wager received but it wouldn't reduce the amount of people relying on that income (e.g. a stay-at-home parent would usually rely on their spouse's income). Any rise in wages would almost certainly be smaller than that so people would, on average, have even less to live by (or save).
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  64.  @unsrescyldas9745  "That is then a short-term issue, as after you get rid of women in the workforce you will have more people as the birthrates will go back up" It's not a short-term issue because there would still be a big cut in average incomes (and therefore living standards) because fewer would have labor income. Note that this income is that same that funds pensions as well so there would have to be a cut in the level of pensions as well in the long run. In the long-term in a stable situation an average person has to pay enough to fund their own pension. Having more people doesn't solve the problem in the long run because it just means there will be more people withdrawing pension in the future. If your plan is that every generation should be bigger than the previous one, then that's an even worse Ponzi scheme.
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  65. No, he dropped out of Utah Valley State College. Not sure what he was studying there.
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  66. They did but it went badly.
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  67.  @shariqzafar  "Russia would never like the NATO missiles to be installed at their doorsteps" That wouldn't have happened for the foreseeable future in any case.
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  68.  @shariqzafar  "NATO had promised to not expand NATO alliance along Russian borders" I don't think any such promises were made. It was just the opinions of some individual people. "Henry Kissinger famously quoted, 'being US's enemy is dangerous but being her friend is fatal.'" Saying it like that is highly misleading. Firstly, it's not certain whether Kissinger said that but for the sake of argument lets assume he did. Secondly and more importantly, you're taking a portion of a sentence out of context. The full sentence was: "Word should be gotten to Nixon that if Thieu meets the same fate as Diem, the word will go out to the nations of the world that it may be dangerous to be America's enemy, but to be America's friend is fatal." [emphasis mine] Note the word "if" there. Clearly Kissinger is not saying that as an unqualified statement but rather as an exhortation that Nguyễn Văn Thiệu should not suffer the same fate as Ngô Đình Diệm (who was killed in a coup).
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  69.  @shariqzafar  "that is exactly my point that there are no promises in international politics, today Ukraine might say to not join NATO but who has seen tomorrow." But doesn't this directly contradict your earlier statement that "The issue that could have been negotiated on table"? If Ukraine couldn't credibly promise to not join NATO and their desire to join was Russia's reason to invade then Zelensky couldn't have prevented this war. If you're right then Zelensky didn't "choose to fight it out" as you claimed earlier.
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  70.  @samsonsoturian6013  Japan?
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  71. In the coming decades air travel needs to be cut significantly unless it can be decarbonized.
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  72. A government building railways should theoretically count not only the direct profits it may itself receive from fares but also any positive externalities to people and companies. However, even on this metric many of China's later high-speed lines don't make economic sense. Also, it makes sense that the most direct beneficiaries of railroads, i.e. passengers (or businesses using rail freight), pay a lions share of the cost; therefore the profitability of the venture gives at least some indication whether the investment makes economic sense. Additionally, even with beneficial infrastructure projects the government must consider whether it can actually afford them without facing solvency issues.
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  73. What happened to people who owned shares of these companies while they were public? Did they gain or lose when the companies were taken back to being private?
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  74. Tesla's debt to equity ratio has been declining.
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  75.  @timothysoh9102  What? You said: "US Court of Justice failures". I don't see how that changes in context.
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  76. People don't live forever but they live longer than before. That's an extra cost on the pension system that has to be covered somehow.
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  77.  @daniels2620  I do though he's far from the only one criticizing the Las Vegas Loop (though I think he's the one who used the Budapest M1 comparison).
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  78. In principle that should already be reflected in the stock price.
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  79.  @dsc4u  Tanzi was imprisoned in the May of 2011.
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  80. "and the Y makes the J sound" This part doesn't help anybody. In English, 'J' is usually pronounced as a voiced postalveolar affricate (like e.g. in the word "jump") but I'm pretty sure that's not what you meant. Which language's "J sound" are you talking about here?
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  81.  @samsonsoturian6013  Well, then it's certainly incorrect. The "English J sound" is [d͡ʒ] and that's a sound Icelandic doesn't have (if the Wikipedia page on Icelandic phonology is to be believed). According to Wikipedia Reykjavík is pronounced as [ˈreiːcaˌviːk] in Icelandic so at least here 'Y' seems to be pronounced as [iː], not [d͡ʒ].
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  82.  @samsonsoturian6013  But even you wrote the first part of your phonetic respelling as "Raik", so no English J sound.
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  83.  @samsonsoturian6013  You're right, it's not my first language but I still do know that in English 'J' is most often pronounced as [d͡ʒ]. Surely you're not disputing that?
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  84.  @samsonsoturian6013  I hear English speakers pronouncing 'J' as a voiced postalveolar affricate all the time.
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  85. Amazon is a huge company. It can afford to lose money on things like Twitch for a long time if it thinks there's a chance of profits in the future. Also, the revenue seems to at least cover most of the costs.
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  86.  @rnegoro1  I don't think sanctions prevent you from buying ADRs, at least not at this moment. Even if they did there would be people with previous holdings before the sanctions.
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  87.  @NYSMCOM  The issuer of ADRs should hold an equivalent amount of the underlying stock. If that's a non-Russian bank it could find its Sberbank stock seized by the Russian authorities. Russia could also nationalize the bank and decide to only compensate domestic owners.
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  88.  @NYSMCOM  They could also only seize foreign-owned shares or even just a some subset of them.
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  89. What about Mildom? Is it profitable?
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  90. You can, at least theoretically, buy more than the float if there's anyone with a short position on the stock.
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  91. Do you think they should've also prevented selling? Why?
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  92.  @bblack6868  Also preventing selling would have prevented even more choice. It was better that at least selling was possible, though ideally both buying and selling should've been.
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  93. How much more? At least part of that might be explained by the EU being bigger. EU28 (before Brexit) had a population of about 500 million.
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  94.  @rainmaker2754  Lol!
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  95. No.
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  96. At what point should they have intervened and how?
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  97. Which one is which?
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  98.  @oakinvestment5371  "Shkreli was actually selling the drug for $1 to people" Do you have a source for this? I've heard that Imprimis offered $0.99 pills but not Turing.
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  99.  @jusunglee6673  If that's the case then it doesn't reflect on his moral character in any way. Outside the US pyrimethamine is sold by multiple producers so competition keeps the price down. Even the $13.50 pill would be wildly more expensive than the competition there.
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  100.  @kazedcat  "Gorky D Leverage swap is not debt. The bank owns the underlying stock so theoretically the bank could recover their money by selling the stock." It is debt. The potential for loss comes if the underlying stock goes down in value. The bank/broker should theoretically suffer no losses from that because the other party, i.e. Hwang in this case, is obligated to pay for the amount the stock went down (+ interest). The problem is that if the losses are big enough Hwang won't have enough capital to pay off all his liabilities.
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  101.  @kazedcat  "If I buy call option from a broker it does not mean I owe them money" But in this case call options weren't used. What were used were total return swaps. This "total return" includes the potentially negative return if the stock falls enough. "The potential losses of them owning the stock is their risk on doing business." Not quite. Hwang is supposed to pay them if the stock falls. So they don't have a long position in the sense that they shouldn't suffer a loss even if the stock falls in value as long as Hwang stays solvent and can pay whatever he owes (but in this case Hwang became insolvent and couldn't pay). "The difference is that debt the value flows towards you first then in the future cash flow out from you." I'm not going to argue the precise definition of "debt" but functionally there's no difference. The result from a total return swap is basically the same as if Hwang had just directly bought the stock with some of his own cash + a loan from the broker. (There are differences like that a total return swap doesn't give him voting rights in the company or trigger any disclosure requirements if his position exceeds 10% of the company's stock, but those are not relevant to what we discussed here.)
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  102. But his pronunciation closer to the original German pronunciation.
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  103.  @JB-yb4wn  Why that? Why not the novel that it's loosely based on and which doesn't feature cannibalism.
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  104.  @JB-yb4wn  Well, I don't think the name is a problem for them and the green color may even be intentional. Of course people aren't going to actually assume that in contains human flesh or even be repelled by that kind of association (mostly at least).
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  105.  @samsonsoturian6013  Tesla's debt is about $1.8 billion. That won't bring it anywhere near e.g. Lehman Brothers.
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  106. Companies traded on the stock exchange are (mostly) real companies.
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  107. ​ @dirtysilver2841  Of course you can pay them. Maybe not in full. Benefits might be cut somewhat (though not as much as what allowing those under 45 to opt-out would require) and retirement age raised. Also FICA taxes are also likely to increase in the future.
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  108.  @archingelus  But that doesn't mean it's good for business. It might be if you're a weapons manufacturer but most other businesses will suffer.
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  109. That's what they're intended for, not long-time holding.
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  110. @tripplefives1402 I don't buy that. Products like Soylent, Huel, Jimmy Joy, etc. are actually fairly affordable. I think you could get your necessary nutrients for somewhat cheaper by careful shopping in grocery store but I suspect that a majority of the people living in food deserts are probably paying more for their food.
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  111.  @RR-ll2ns  The burden on Western citizens is going to be smaller than on Russian citizens.
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  112. The broker isn't really in the business of speculating that the prices will rebound.
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  113.  @hoangle2483  The CEO of Nokia during the years 2014-2020 was an Indian named Rajeev Suri.
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  114. If they want low interest rates they should raise rates. Higher rates would bring inflation down and thus also (nominal) interest rates down due to Fisher effect. Cutting rates only leads to higher rates.
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  115.  @g-rexsaurus794  War on one's own soil tends to do that.
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  116. "everyone here visits WSB where we see newbies post 1000% gains" Clinton's gains were 10 times that which is much less probable.
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  117. Santander is a strange name. It's a city in Spain but the name sounds Germanic, at least to me.
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  118.  @DJTrancenergy  I'm not referring to minor details like how 'A' or 'R' are pronounced. To me the word looks quite Germanic though I can't explain why. Of course, this is just my subjective experience.
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  119.  @DJTrancenergy  "The accent is in "der", not in "tan"." Shouldn't it be written "Santandér" then? (EDIT: Forget the previous sentence. It's because it ends in a consonant not 'n' nor 's'.) Either way, it wasn't where the stress is that makes the name sound Germanic to me.
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  120. Isn't the president the one in the center? Not that it matters that much in the case of Switzerland but I don't think WSM was incorrect since he did show the president along with the rest of the Federal Council if I'm not seeing wrong.
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  121. Couldn't you argue that Plotkin's many successes in the past suggest he's a good investor even though he also failed at least once? Granted, the recent failure was rather big but that doesn't necessarily mean you wouldn't expect him to perform well in the future, especially if he's learned something from his failure.
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  122. In Finnish, the stress is on the first syllable and the letter 'O' is just a single vowel, not a diphthong like in English. However, IMHO it's not important to aim for a native pronunciation of names like this.
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  123. @tripplefives1402 In the original novel (Make Room! Make Room!) that the movie is very loosely based on, soylent is just made from soy and lentils (hence the name). There was no cannibalism in the novel. This real world product called Soylent is also partially made from soy (though not lentils).
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  124. Are you thinking about AIG?
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  125. Peter Zeihan is less informed about these kinds of topics. He doesn't have much interesting stuff to say about economic data like this.
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  126. @GE B Yeah, but that's quite not what I was talking about. In this video WSM said basically that a single broker might only give Hwang 2x leverage but he could get 5x leverage by going to multiple brokers. However, that makes no sense. You can't multiply the leverage ratio by using multiple brokers. By using multiple brokers Hwang was able to hide from his brokers how large portions of several companies he owned (well, not technically "owned" but you know what I mean). However, that's quite different from somehow increasing the leverage ratio.
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  127. "France and other countries which have a pension based retirement fund need to look at Australia's superannuation system" That isn't much help without a proposal to how to make the switch.
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  128. "Well he's not wrong about China's real estate market in a bubble." Are you sure? If so, how can you be sure? These things aren't easy to get right.
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  129. "Oil is better truest me" It's not.
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  130.  @toannguyen214dallas  "a lot of people make that trip every summer" Once a year is pretty rarely. You can just rent a car for such trips. "Plus u said it electric door an ice not me lol." What? I didn't say anything about electric doors or ice.
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  131. I don't think you understand what he meant. When Zhou Enlai was asked that question he thought it was about the 1968 student uprising in Paris which had occurred only about 4 years earlier. It's not the same as the French Revolution which happened almost 2 centuries earlier.
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  132.  @alexlazar4738  "we can all just guess what he really thought the question referred to" I've seen it mentioned that supposedly it's clear that his response was about the 1968 riots according to both Nixon's interpreter (Chas Freeman) and Chinese archives. Of course, I've not perused these archives myself so I'm relying on what people written but at least my impression is that it's pretty clear what he thought.
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  133.  @JB-yb4wn  It seems even fewer know about the original novel (Make Room! Make Room!) which didn't feature any cannibalism.
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  134.  @heavensbutterfly  It's entirely possible to voluntarily save for retirement so you have something on top government pension (or you can use it to retire before you start receiving government pension). Yes, some people are poor enough that they can't save without an unreasonable sacrifice but most people who have a typical middle-class salary (or more) should be able to save at least a little bit.
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  135. My understanding is that Hero Wars (or was that the name?) is also a good example.
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  136. To me, that image doesn't seem genuine at all. He just chose to present himself as down-to-earth whereas he earlier chose to present himself as more professional, both just based on what saw as more advantageous to himself at that time. Of course, he still (probably) is human like the rest of us, just perhaps more shrewd and dishonest than an average person, but that's not something you can see from manufactured images like these.
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  137.  @DumbledoreMcCracken  France's population density isn't that much higher. That the population is concentrated in a few places shouldn't make rail less viable. Tracks don't need to reach every corner of the state.
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  138. "It's not a Ponzi unless the initiators of the scheme run off with the money." Calling it a Ponzi scheme is an exaggeration. However, it's still the case that this kind of (less than 100% funded) system is also a transfer to the first generations enjoying the system from the later generations. If e.g. economic or population growth is less than expected then some generation (or generations) have to cover the shortfall and there often is a temptation to pass the cost onto later generations.
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  139.  @JB-yb4wn  But the movie is very loosely based on an earlier novel (Make Room! Make Room!) in which soylent is just made from soy and lentils (hence the name). The novel didn't feature cannibalism.
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  140.  @JB-yb4wn  I saw this same think mentioned under several comments. I didn't keep track of who was saying what. Hence the multiple replies to you.
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  141.  @shariqzafar  "Also, in 2021 Zelensky could have negotiated to reach a common minimum ground to avoid conflict." And what would that be? You just said earlier that promises to not join NATO wouldn't be credible.
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  142.  @TomSeliman99  Ukraine surely wanted to join NATO but it would have been unable to do so for the foreseeable future.
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  143. @tripplefives all = Norway?
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  144.  @mcrayfourd  She could theoretically get up to 20 years for that one charge on the pending trial and further accusations against her (for e.g. destroying evidence) exist and could potentially result in more years.
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  145.  @dantothemoon9154  I think he just used the Vietnam War as a metaphor for a traumatic experience.
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  146. On the other hand, the opposite strategies are a form of diversification. At the very least, the risk should be lower than only using the riskier strategy.
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  147.  @samsonsoturian6013  Driving it is likely cheaper. If you drive enough it can pay for itself eventually relative to getting an ICE car.
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  148. "They should just focus on starlink" Starlink is bad.
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  149.  @Pain-nw7gv  Not because of rail so that part isn't really relevant to OP's comment about rail vs. air.
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  150. $5 fare for such a short distance sounds like a ripoff.
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  151. No, small businesses are difficult to invest into. Companies traded on the stock exchange are much easier.
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  152.  @muneebbasit2314  Investors to small companies are usually wealthy individuals. They can be much nimbler investors than big organizations and they can offer their contacts and expertise to the company when investing. These things are difficult for larger bureaucratic institutions. Also, a pension fund's employees are not investing their own money so there is more risk of both corruption and honest mistakes. This is less of an issue for listed stock because in that case the fund can rely on market prices for valuation whereas for non-listed stock there's a much bigger risk of corruption and incompetence.
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  153.  @xeakpress  Now, that makes me wonder whether Raid: Shadow Legends is profitable or if the sponsorships take all the money.
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  154.  @xeakpress  If I google "is raycon inc profitable" I get results saying that it is. Didn't dig too deep into it, though.
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  155.  @mikeiso8963  I would ask whether Raid: Shadow Legends is profitable or whether all the revenue goes into sponsorships.
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  156. That would be a different kind of liquidation.
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  157. @Blitz Gaming654 "I don't think 4200 to 4600 an hour is low for a test" I think it is low. Also note that the highest hourly ridership outside tests has been below 1,400 / h. I've seen this system compared to the absolutely tiny M1 metro line in Budapest which has a ridership of about 80,000 per day on workdays. That's something like 3,300 / h if we divide the ridership evenly on all 24 h in a day. However, the peak ridership is likely above that maximum capacity achieved in that Las Vegas Loop test. This is in spite of how small M1 is. Putting rubber wheeled cars in that tunnel is just stupid. They could have just put rails and small trams into the tunnel and that would have significantly increased the capacity and cut down operating costs. I don't see why the Boring Company would use cars instead other than the fact that Musk also has a car company but no company that manufactures trams.
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  158. Short sellers wouldn't buy the shares, they would borrow them.
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  159.  @obliviouz  "There's no "government" that would allow countries to do the same." Of course there is. It's the government of the country in question.
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  160.  @obliviouz  Governments (more specifically, the legislative branches) are the ones who make the laws. Is there any other law that would make government default illegal?
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  161.  @obliviouz  "there's no "binding" international law that's above country governments. That's why there's no government that can cancel sovereign debt" No "binding law" hardly means that they can't cancel debt. Debts have both been cancelled with practical success and in such a way that it's been judged as legal if challenged in court. Whatever remains seems to be just a personal opinion that governments "shouldn't" default on their promises but this is just an opinion that other people can disagree with. "unless all the parties actually agree" I the Argentine case all parties (eventually) agreed so it would technically fulfill this requirement. (Most bondholders agreed to exchange the bonds and an agreement with this fund was eventually achieved as well.)
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  162. Inside cities, yes, but not between them.
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  163. I'd bet not.
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  164. 1:50 "the monthly rent would be about $5,000 per year" Well, that's a bit confusing wording.
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  165. One thing to note is that not every super-rich is going to be interested in this kind of space flight. Firstly, not everyone is that interested in space. Secondly, this kind of space trip can be seen as a bit lame. It's short. You technically get into space, you can feel microgravity and seen the planet from a window. That's it. For some, even that can be cool but I'm sure many others there's not that much point. The only cool thing is "space" and the experience itself beyond that isn't any kind of hedonistic dream.
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  166. "One good example is investing social security funds into public markets, like Norway" For that you have to actually have capital to invest. If you already have a 100% (or at least a high percentage) funded pension system, great. However, if it's close to 0% funded (or at least with a low percentage) then you can't quickly turn it into a 100% funded system without significant pain.
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  167. If I were him I would diversify. No matter how much like the stock, concentrating so much of your assets into a single stock seems like an unnecessary risk.
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