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ab_goat commented on The Fed says this is a cube of $1M. They're off by half a million   calvin.sh/blog/fed-lie/... · Posted by u/c249709
ab_goat · 2 months ago
I've been thinking about using an app like this to count parking spaces in a city!

Thank you

ab_goat commented on New research suggests that Walmart makes the communities it operates in poorer   theatlantic.com/ideas/arc... · Posted by u/Ozarkian
scotty79 · 8 months ago
You could tell it about any efficient business. If there's no Wallmart in town and all that profit goes to small store owners then everytime they shop outside of town or go on a vacation they "suck" the profit out of the town.

Each time a customer needs to travel to big city or order remotely because town shops don't carry what they need they suck profit out of town.

If Wallmart can come to town and employ enough people it might help keep profit in town rather than suck it out.

ab_goat · 8 months ago
I think this is blissfully ignorant. Walmart's model is built on creating prices and selection that are so attractive that it is very difficult to compete. Part of the way they do that is by extracting profits out and leaving only low paid employees locally.
ab_goat commented on New research suggests that Walmart makes the communities it operates in poorer   theatlantic.com/ideas/arc... · Posted by u/Ozarkian
dlmotol · 8 months ago
So 10 small businesses what does that support? 10-20 families?
ab_goat · 8 months ago
Way more. First, a small business is not just a "family". Their employees are other members in the community. And there's the cascading effect because those folks are using their pay to go to local restaurants, the bowling alley, the hairdressers. When business like WM push prices down and make it so other businesses aren't able to compete, all you get locally is the ~minimum wage salary and the tax revenue. This might be "more efficient", but it comes at a cost to community.
ab_goat commented on New research suggests that Walmart makes the communities it operates in poorer   theatlantic.com/ideas/arc... · Posted by u/Ozarkian
ab_goat · 8 months ago
From the comments here, I don’t think people understand how much small retail supports an entire local economy.

With big retail, you get the smallest possible wages and all the profit sucked out to somewhere else.

ab_goat commented on Kelly Can't Fail   win-vector.com/2024/12/19... · Posted by u/jmount
pcthrowaway · 9 months ago
Note that you need to be able to infinitely divide your stake for this to work out for you all the time.

For example, if the deck has 26 red cards on top, you'd end up dwindling your initial $1.00 stake to 0.000000134 before riding it back up to 9.08

ab_goat · 9 months ago
Finally a real world use case for bitcoin!
ab_goat commented on CrowdStrike Update: Windows Bluescreen and Boot Loops   old.reddit.com/r/crowdstr... · Posted by u/BLKNSLVR
andrelaszlo · a year ago
I'm curious about investing and economy, and I always wonder about P/E ratios like Crowdstrike's (currently 450-something, was over 500 last week).

Some P/E ratios for today, for some companies I find interesting:

- Shopify: 615.12

- Crowdstrike: 455.70

- Datadog: 341.98

- Palantir: 212.34

- Pinterest: 187.67

- Uber: 99.0

- Broadcom: 77.68

- Tesla: 58.33

- Autodesk: 52.36

- Adobe: 49.23

- Microsoft: 37.97

What's going on here? Do investors expect Shopify, for example, to increase their earnings by an order of magnitude despite already having done extraordinarily well in a very competitive market? Can anyone ELI5?

ab_goat · a year ago
Capture the market by not making customers pay full costs => low profits.

Grow revenues without substantially increasing costs (i.e running a loss)

Hope you can turn up the profit dial later.

Seems like the modern way?

ab_goat commented on Google Demands That We Censor Our Content   nakedcapitalism.com/2024/... · Posted by u/hackandthink
ab_goat · 2 years ago
Google is not demanding that they censor their comment. Google is telling them that they won't serve ads on their page because of issues.

Funny complaint coming from a site called "Naked Capitalism".

ab_goat commented on Zigbee and Z-Wave are the best part of my smart home   arstechnica.com/gadgets/2... · Posted by u/mfiguiere
ab_goat · 2 years ago
I've been using Z-wave devices since 2017 for the following:

1. Dimmer lighting 2. Door sensors 3. Relays to customize radiant flooring better than thermostats 4. Seasonal lighting (outdoor string lights/Christmas tree) 5. Thermostat

Overall it's been a good experience, however I think the SmartThings app is a pain in the butt and should be a much better experience.

ab_goat commented on Nine US states are teaming up to accelerate the adoption of heat pumps   wired.com/story/these-sta... · Posted by u/Bender
ab_goat · 2 years ago
I converted my small (~1400 sqft) MA log cabin house at 1500' elevation to a heat pump as main heat source in 2017. We also added a 8kW PV system at the same time.

It was a great choice, and we've been net negative since installation.

We also get a lot of passive solar via low angle sun through large windows. I think passive solar in winter is a completely under-appreciated benefit. On sunny days in winter we do not need heat for ~10 hours of the day.

We supplement our heat with a wood stove in very cold weather (< 20ºF). It's not necessary, but brings a cozy warmth.

ab_goat commented on I don't want anything your AI generates   coryd.dev/posts/2024/i-do... · Posted by u/cdme
ab_goat · 2 years ago
I've started to think about the current use of AI as trend in the 1990s that started moving unimportant goods to be "manufactured in China".

Quality doesn't matter -- money matters. And with AI you can save a lot of money without sacrificing a lot of quality.

u/ab_goat

KarmaCake day138August 6, 2020View Original