Ambele (u/Ambele) - Readit News

Ambele commented on The Looming Bank Collapse theatlantic.com/magazine/... · Posted by u/sajid

Ambele · 6 years ago

If the banks aren't paying interest on deposits anymore, does it now make sense to withdraw some of the money and store it under a mattress somewhere?

Obviously there are theft, fire, and police confiscation risks that need to be overcome first.

Ambele commented on Nearly half of global coal plants will be unprofitable this year reuters.com/article/us-gl... · Posted by u/john_alan

FreeFull · 6 years ago

Burning coal is generally known for being really bad for air quality. The ash is somewhat radioactive, and if there's any sulphur in the coal it'll cause acid rain. The exhaust from burning the coal nowadays ends up going through treatment to clean it up (remove sulphur and particulates), which is an added expense. In comparison, natural gas tends to be rather pure, so when burned it produces just carbon dioxide and water.

Ambele · 6 years ago

Yes, greenhouse gasses and lung effects aside, the sulphur mixes with carbon dioxide and other airborne oxides to becomes sulpher dioxide. This makes rain water acidic and causes the erosion on the Statue of Liberty.

Ambele commented on I built a dumb cell phone with a rotary dial nautil.us/issue/83/intell... · Posted by u/dnetesn

dghughes · 6 years ago

I was reading about the brain's reward system mainly stimulus, response, reward and how it was used for training US soldiers. I was curious how it related to slot machines since at the time I was in that field.

In that same article it mentioned how going from rotary dial phones to touch tone was an easy transition it's intuitive. But having to go back to a rotary phone after using a touch tone feels terrible. Your brain is expecting you to push the button for the next number not wait. It's interesting to see how you can never really go back and expect to feel the same way.

Ambele · 6 years ago

Do you have a link to this article that you read about?

Ambele commented on An Update from Robinhood’s Founders blog.robinhood.com/news/2... · Posted by u/Beowolve

Ambele · 6 years ago

I can't help but think this glitch was a good thing and Robinhood investors would do better if they traded less anyhow. According to an OpenFolio correlational study, traders who trade more than 12 times per year make 0.5% less than traders who trade less than 12 times per year. OpenFolio was one of the first three websites to have an API integration with Robinhood portfolios.

Ambele commented on Fewer boys were born in Ontario after Trump was elected president cbc.ca/news/canada/london... · Posted by u/fraqed

Ambele · 6 years ago

The divorce rate in Maine correlates with the per capita consumption of margarine.

Also, the number of letters in the winning word of the U.S. Spelling bee correlates with the number of people killed by venomous spiders.

Spurious Correlations: https://www.tylervigen.com/spurious-correlations

Ambele commented on We Just Witnessed the Fastest Stock Market Correction on Record bloomberg.com/news/articl... · Posted by u/JumpCrisscross

Ambele · 6 years ago

Now's one of the best times to start evaluating long-term mutual fund managers based on performance. It's hard to tell who's swimming naked until the tide rolls out. Does anyone have any funds they personally use that they recommend I look at?

Ambele commented on We Just Witnessed the Fastest Stock Market Correction on Record bloomberg.com/news/articl... · Posted by u/JumpCrisscross

jessriedel · 6 years ago

How many puts have you bought?

Ambele · 6 years ago

I put a small portion of my short-term portfolio into shorts on a basket of high-valued, money-losing, non-dividend paying, declining companies last friday. I can't predict how this will pan out but at least it will be a hedge. A full 80% of my non-retirement portfolio was in a short term treasury bond ETF (SHY) after I blanket-sold everything in January to try to make a down payment on real estate. I figured I could handle the extra volatility of SHY over SHV.

Ambele commented on 'Fear Factor' Is Running High as Currency Markets Resume Trading bloomberg.com/news/articl... · Posted by u/undefined1

webninja · 6 years ago

87% of Americans do not have pensions. [1]

The median savings for American families whose wage earners are between 56 and 61, is $17,000. [1]

34% of American adults have zero savings (retirement + non-retirement). [1]

Anecdotally, I had a Grandpa with a $60k/yr pension and he was definitely upper class.

[1] https://www.cnbc.com/2017/06/13/heres-how-many-americans-hav...

Ambele · 6 years ago

Those statistics are crazy. I'm not sure how the world still functions.

Ambele commented on 70-90% of all existing coral reefs expected to disappear in the next 20 years cnn.com/2020/02/20/world/... · Posted by u/throwaway5752

kls · 6 years ago

I volunteer in coral restoration efforts, the article is complete junk science and is just another environmental disaster that the climate change gang is trying to latch onto. If they succeed they will have successfully divert money away from critical research and restoration efforts to chase a fix that will certainly see our reefs die, while the true killer is ignored.

There is very clear science on what is killing the coral reefs and it is not ocean warming:

https://www.sciencedaily.com/releases/2019/07/190715164652.h...

https://www.npr.org/2019/07/16/742050975/floridas-corals-are...

https://www.sciencedirect.com/science/article/pii/S187734351...

Ambele · 6 years ago

It sounds like if someone invents or mass-deploys a controlled denitrification machine that turns nitrogen in the water into nitrogen gas, he could be made rich through government and state grants. The grants could be fully or partially funded through a fertilizer tax, sewage leak fines, and/or taken from current farming subsidies.

Ambele commented on Tesla teardown finds electronics 6 years ahead of Toyota and VW asia.nikkei.com/Business/... · Posted by u/mlacks

BurningFrog · 6 years ago

I think they could easily piss off a lot of people, if it was important for the company.

What they can't do is become another kind of organization.

If new nimble competitors working in a new way appear, old companies, with vastly more money but a settled bureaucracy, just slowly die, rather than adapt.

Ambele · 6 years ago

They're not going to want to piss people off because it's viewed as an inherently destructive act. Instead they'd look for more positive resolutions. I can only speak for one Big Japanese Car Company having worked in their corporate office in the decision-making department.

- They'll use Microsoft Sharepoint and Microsoft OneDrive for file and document management, not because they're better products but because Microsoft wishes that they don't use a competitor's products and Big Japanese Car Co respects the desires of their partners.

- After a demo between a new company with superior in-car tech and an old partner with inferior in-car tech, BJCC chooses the old in-car tech because once you're a partner with BJCC, BJCC takes care of you through the good and the bad.

- If you direct a meeting, whether small or large and you say something incorrect, the one person in the crowd that noticed your mistake won't say anything and will actually nod their head in agreement and respect. This is due to the saving-face aspect of the culture.

- Bringing others on board with a decision when you don't have access to the primary data or analytics is much easier when it involves copying a competitor. It also diffuses responsibility if things go south. Saying we did secret teardowns of a Tesla model 3s and are basing our design decisions off these teardowns means you can say it was Tesla's decision, not "my" decision.

On the other hand, BJCC has historically cared a lot more about not pissing off car owners by making more reliable vehicles at fair prices that are less likely to break down. For that reason, at the end of the day, I buy a BJCC car.

It's the old argument of individualism vs. collectivism. The right balance is probably some amount of both.