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Matt_Mickiewicz commented on What is happening in the Arctic is now beyond words, so here are the pictures   climatecodered.org/2018/0... · Posted by u/Red_Tarsius
elvirs · 8 years ago
beach front property owners should worry
Matt_Mickiewicz · 8 years ago
and anybody owning stock in companies that insure those properties....
Matt_Mickiewicz commented on Berkshire Hathaway 2017 Annual Letter [pdf]   berkshirehathaway.com/let... · Posted by u/vladd
kayhi · 8 years ago
I’ve been torn about his comments of not using leverage to buy stocks. Berkshire uses insurance float which has risk. I guess they feel that this risk is small and supported by the 400 billion reserved to pay out.

Is attaining debt at a 4% rate mortgage riskier than utilizing their float?

Matt_Mickiewicz · 8 years ago
His historical leverage has been 1.6:

http://docs.lhpedersen.com/BuffettsAlpha.pdf

Matt_Mickiewicz commented on A Tiny Hedge Fund Made 8,600% on a Vix Bet   bloomberg.com/news/articl... · Posted by u/apesti
Matt_Mickiewicz · 8 years ago
The probabilities of black swan events are often grossly mispriced by the markets. Looks like it paid off big time.
Matt_Mickiewicz commented on Dow plunges 1000 points   cnbc.com/2018/02/04/us-st... · Posted by u/coloneltcb
Matt_Mickiewicz · 8 years ago
I was just reading:

https://static1.squarespace.com/static/5581f17ee4b01f59c2b15...

tldr; * The Global Short Volatility trade now represents an estimated $2+ trillion in financial engineering strategies that simultaneously exert influence over, and are influenced by, stock market volatility

* Since 2009 Global Central Banks have pumped in $15 trillion in stimulus creating an imbalance in the investment demand for and supply of quality assets

* Last month Austria issued a 100-year bond with a coupon of only 2.1%(6) that will lose close to half its value if interest rates rise 1% or more.

* Amid this mania for investment, the stock market has begun self-cannibalizing... literally. Since 2009, US companies have spent a record $3.8 trillion on share buy-backs financed by historic levels of debt issuance.

* Every decline in markets is aggressively bought by the market itself, further lowing volatility.

* Volatility is now at multi-generational lows... Volatility is now the only undervalued asset class in the world. Equity and fixed income volatility are now at the lowest levels in financial history.

Matt_Mickiewicz commented on Online shopping in Africa doesn’t work because of shipping and billing forms   medium.com/@oquidave/onli... · Posted by u/oquidave
trs80 · 8 years ago
The solution he's proposing is good because GPS is an accurate model for finding an exact location on Earth. Prior to GPS humans came up with models for describing specific locations by abstracting land mass into regions and sub regions and so on until we finally arrive at a person's house number or box. Why did not Africa? This is a question I ask myself but I guess it doesn't matter in the end as we should all soon be moving to GPS in the future anyway. This would be a difficult jump for Africa to make but it might actually be easier starting with a blank slate that they have. Imagine trying to move the USA to a GPS based system? Unlike Canada our zip codes alone are not accurate enough to find a precise mailbox location. We still require street number and street name. If we made the move to GPS, our legacy systems would still need to be supported, whereas Africa never had these legacy systems in the first place.
Matt_Mickiewicz · 8 years ago
https://what3words.com = 3 words that map to specific GPS location anywhere in the world is intended to solve for this.
Matt_Mickiewicz commented on World Leaders on Twitter   blog.twitter.com/official... · Posted by u/minimaxir
chasing · 8 years ago
Trump using Twitter isn't the problem. In fact, it actually gives us a weirdly detailed bit of oversight into his actions and thoughts (such as they are). I actually think this is helpful when dealing with someone so erratic and uninformed. Everyone in their right mind sees his tweets for what they mostly are: Frustrated bloviations and childish temper-tantrums.

The problem is electing someone as President who would use Twitter the way Trump does. We should never have done that in the first place and, thankfully, that's an error We The People can correct.

Addendum:

I do, though, think that Twitter's response is inadequate. They have a community. Their community is being turned toxic by this man and his ilk. His use of Twitter as President isn't the problem, but Twitter needs to address the effect of people like him on their platform and the world in general.

And that way more complicated than just banning a warmonger President. Sadly, I'm not sure Twitter has shown themselves to be up to the challenge.

Matt_Mickiewicz · 8 years ago
Without his tweets, we'd only know about how crazy and unbalanced he is via the "biased" and "corrupt" and "failing" media... with Twitter, we get to see it directly from his keyboard, thus leading to better debate about his fitness to serve.

P.S. Loved the Full page NY Times ad of his tweets - https://pbs.twimg.com/media/Cviq5rBWYAQeh56.jpg

That being said, it's a double standard, most ordinary people would have been banned before they tweeted half-way down the first column of what's in that ad...

Matt_Mickiewicz commented on The Bitcoin Whales: 1,000 People Who Own 40 Percent of the Market   bloomberg.com/news/articl... · Posted by u/_airh
jjaredsimpson · 8 years ago
Also since a large number of coins are lost the 40% number understates the size of the whales. Estimates are that 20% of coins are simply lost for good.
Matt_Mickiewicz · 8 years ago
Up to 25% lost for good according to this source: https://letstalkbitcoin.com/blog/post/rise-of-the-zombie-bit... & https://seekingalpha.com/article/4082979-many-bitcoins-lost-...

Also many wallets are simply unspendable due to transaction costs.

Matt_Mickiewicz commented on Tezos founders push for legal bailout from Swiss foundation   reuters.com/article/us-bi... · Posted by u/petethomas
pdog · 8 years ago
They say if you want to master something, teach it.

Looking forward to more crypto-focused podcasts. It's always preferable to hear from more technical guests who aren't just trying to sell something.

Matt_Mickiewicz · 8 years ago
Unchained is probably the best crypto podcast currently, but would love other recommendations.
Matt_Mickiewicz commented on Citadel's Ken Griffin Says Bitcoin ‘Bubble’ May End in Tears   bloomberg.com/news/articl... · Posted by u/openmosix
Matt_Mickiewicz · 8 years ago
"May" = pointing out a possibility vs. making a prediction.

Ken Griffin "may" find a $10 bill on the street today. He "may" see his stock portfolio flash crash 30% this week.

Why is this even news?

Matt_Mickiewicz commented on New law bans California employers from asking applicants their prior salary   m.sfgate.com/business/net... · Posted by u/ssaxena80
hota_mazi · 8 years ago
> make all salary information public.

It's a disastrous idea.

First of all, if you mean public as in "the whole world can know", I can't imagine anyone being comfortable with that. Advertisers, family members, people who don't like you, etc... surely you see the problem here.

If by public you mean "only within the company", even this approach will create resentment and hundreds of hours wasted in discussions and negotiations instead of doing productive work. People will constantly argue that they should be paid as much as "X", and then "X" will complain that she needs to be paid as much as "Y", etc...

As someone running a large organization, this is also a logistical nightmare since I usually have very good reasons to compensate X more than Y even if Y might think they should be paid the same amount.

Back to the topic, I've never cared what someone was paid at a previous employer, mainly because they can lie and there's no way to know. Besides, even as a hiring manager, I really think it's none of my business how much that previous employer valued this person.

What matters is here and now. I just ask people how much they want then I counter with what we're comfortable paying, and then we negotiate.

The only thing from past employers that matter is what the person used to do there.

Matt_Mickiewicz · 8 years ago
All H1b salary data is already public.

u/Matt_Mickiewicz

KarmaCake day426June 3, 2009
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co-founder of Hired.com, 99designs & Flippa. mattmickiewicz.com

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