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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