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CGMthrowaway commented on Spending too much time at airports   thezvi.substack.com/p/spe... · Posted by u/nsoonhui
LeafItAlone · 19 hours ago
>If you travel every week for work, I would be booking full fare (refundable), not non-basic restricted fares.

Why? I don’t fly that much, especially for work, and I’ve never had a problem getting to use my credits from cancelling flights. The price difference between credit-refundable and full refundable is usually significant and doesn’t offer me anything.

CGMthrowaway · 14 hours ago
If the price difference is significant then sure. My experience booking 3-5 days ahead of time is there isn't much difference. In addition to no credits to keep track of, which don't seem to be your concern,

- simplifies expense filing

- if paying with a personal card (vs a corporate card), i'm not floating extra cash that is now converted to a credit

- full fare is less likely to get bumped on overbooking

- more miles / credits towards status

CGMthrowaway commented on Spending too much time at airports   thezvi.substack.com/p/spe... · Posted by u/nsoonhui
dtnewman · 21 hours ago
> I almost always book the minimum flight, basic economy, whether or not I am paying. There is so little to be gained from moving up compared to the price.

I recently had a five month period where I took a plane ride every single week for work. A “frequent traveler” so to speak.

To me, the big difference between basic economy and regular is the ability to cancel (for a credit) up until the flight takes off. When you travel once in a while, this isn’t worth that much. When you travel every week, it’s huge. For example, when I travel (round trip) 3-5 times a year (which is my normal cadence), I’m not gonna really care if I booked an 8pm flight but last minute decided that I have time to get on a 6pm. An extra two hours not-at-home is no big deal, maybe even a good thing. When you travel every week, the ability to change later minute is huge (and contrary to popular belief, I found that it is often the case that last minute flights are the same price or cheaper, depending on the route, though it can also be wildly more expensive).

In addition to changing my mind about when to leave, don’t get me started on delays. If I saw my flight was delayed two hours (which often means that it’ll end up cancelling or taking off 6 hours late), I’d immediately book an alternative (if I could find one at a decent price) and then cancel one of them right before departure.

Aside from this, seat selection is important, especially if you travel a lot (the lifestyle is hard enough to begin with). You can usually buy seats in basic economy and the whole thing will be cheaper, but assuming you are going to do that, then the difference is gonna be $25-30 which is basically the “right to cancel” fee.

CGMthrowaway · 19 hours ago
If you travel every week for work, I would be booking full fare (refundable), not non-basic restricted fares. Especially since if you are booking inside a week of departure the difference is not that great anyway.
CGMthrowaway commented on The warning signs the AI bubble is about to burst   telegraph.co.uk/business/... · Posted by u/taimurkazmi
Spooky23 · 3 days ago
The problem is it will create a broader economic problem in the markets.

The top 10 holdings for VTI, the "easy button" investment option. Are: NVIDIA, Microsoft, Apple, Amazon, Facebook, Broadcom, Google, Tesla, Berkshire Hathaway. They represent a third of US market value, and 60% of them are heavily hooked into AI. A panic will be a decimation for NVIDIA, and that splash zone will be broad.

CGMthrowaway · 3 days ago
$RSP (equal weighted) solves that
CGMthrowaway commented on CEO pay and stock buybacks have soared at the largest low-wage corporations   ips-dc.org/report-executi... · Posted by u/hhs
csours · 3 days ago
I'm not sure how to phrase this, so please be patient and try to understand what I intend to say.

CEO pay relative to median employee pay has soared since the 1970s. That is, a CEO may be paid $10,000,000 vs the median employee at $70,000 (arbitrary numbers), where before 1970 the numbers may have been $150,000 and $20,000

Using only one set of numbers can be deceiving though. For instance, through mergers and acquisitions, there may be One CEO where there were previously 10. So you might be able to see this by comparing Total Executive Pay - ie the whole C-suite to Total Non-Executive Pay.

Also, many companies have become more efficient as measured in revenue per employee over time, so another good set of numbers might be Total Executive Pay vs Gross Revenue.

How does Executive Pay look in these contexts?

I'm sure someone has done the work, but I have not had luck googling it, and I definitely don't trust a LLM to get this one right.

CGMthrowaway · 3 days ago
As a thought experiment, consider what it would take to make CEO pay gap even BIGGER, in addition to stock-based comp* and buybacks, which are mentioned in headline. Here's what one might do:

- Reduce unions

- Outsource and automate labor

- Slow minimum wage increases

- Consolidate power via M&A (you mentioned this)

- Cut back on benefits like healthcare, pensions and paid leave

- Promote "guru culture": indispensable, iconic leaders like Jack Welch, Steve Jobs etc

- Shift economy towards high-margin industries (tech, finance, pharma) and away from lower-margin ones (retail, manufacturing)

Turns out all of these have been happening since the 70s. So this result should not be surprising.

*Important note that the 1993 Clinton tax bill made it so corporations could no longer deduct the full amount of top executive salaries as a business expense. Only up to $1 million. UNLESS the amount beyond $1 million was performance-based (leading to stock option comp boom).

CGMthrowaway commented on Building AI products in the probabilistic era   giansegato.com/essays/pro... · Posted by u/sdan
AIorNot · 4 days ago
From the article:

“We have a class of products with deterministic cost and stochastic outputs: a built-in unresolved tension. Users insert the coin with certainty, but will be uncertain of whether they'll get back what they expect. This fundamental mismatch between deterministic mental models and probabilistic reality produces frustration — a gap the industry hasn't yet learned to bridge.”

And all the news today around AI being a bubble -

We’re still learning what we can do with these models and how to evaluate them but industry and capitalism forces our hand into building sellable products rapidly

CGMthrowaway · 4 days ago
It's like putting money into a (potentially) rigged slot machine

Deleted Comment

CGMthrowaway commented on A summary of recent AI research (2016)   blog.plan99.net/the-scien... · Posted by u/mike_hearn
CGMthrowaway · 4 days ago
Funny how there was a lot of concerns then about reward hacking, something I never hear anyone talk about with current AI
CGMthrowaway commented on Home Depot sued for 'secretly' using facial recognition at self-checkouts   petapixel.com/2025/08/20/... · Posted by u/mikece
47282847 · 4 days ago
I make it a point not to use self-checkout systems because I want to support human interaction even if basic, and contribute to jobs for humans. And cash (most self-checkouts here are card-only).

I understand it’s a losing battle on all fronts.

CGMthrowaway · 4 days ago
Self-checkouts are not the only place where facial recognition is used. Of course overhead cameras have long been present at actual staffed checkout counters. The new risk today is that every credit card POS device has a camera built into it as well. I go around and put little black stickers over them when I encounter them. These cameras are well-hidden and not disclosed at all.

u/CGMthrowaway

KarmaCake day717March 30, 2025View Original