Quite interesting - definitely a few surprises in there for me. E.g. Designer handbags at only 100%? It genuinely costs them thousands of dollars in leather and child labor to assemble a bag? Did not expect that.
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Business, Economics, and Taxes: Capitalism. Yay? >=(
- Thread starter RaceBoarder
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St. Clown
Liberal Rebel Scum, apparently
Those specific cows were raised on cheese and wine. Being grass fed is for the plebes.
Kepler
Si certus es dubita
I'm sure some of the analyses are suspect. For instance, the drugs mark up is in part due to paying for the R&D with the end product price. That also explains stuff like the $500 toilet seat.
But of course, it doesn't explain all of it. There is still plenty of room for waste, fraud, and abuse, don't you worry.
Kepler
Si certus es dubita
Those cows were fed on ground up plebes.
I have a friend that opened brokerage accounts for her middle school kids. They got some money to start and had to research and pick what they were going to invest in. The accounts were in her name obviously, and she would pay the taxes. Well the younger loved video games and decided to put his money in Gamestop, pre Wall Street Bets craziness. He sold when it first hit $150/share and was pretty excited.
French Rage
NICKERSON HAS [CENSORED]
Hey if I didn't buy that HS ring how would I ever prove I finished high school?
dxmnkd316
Lucia Apologist
So I'm glad I never got into options. I've been reading The Big Short and learned about the Black-Scholes model. Which led me to several other models. I thought I knew a little more than nothing and it turns out I knew even less than that. Anyways, i set out to understand these a little more. Jeebus. An education just building the models in Excel and maybe in the next few weeks learning what the various knobs do and by how much.
I imagine knowing and understanding these formulas back in the 90s would have made someone a fortune. Now I know just what I'd be up against. It's an ugly picture.
I imagine knowing and understanding these formulas back in the 90s would have made someone a fortune. Now I know just what I'd be up against. It's an ugly picture.
French Rage
NICKERSON HAS [CENSORED]
You should also read "When Genius Failed" about LTCM if you like the Big Short.
dxmnkd316
Lucia Apologist
will do.
A few interesting things:
they really changed a fair amount of the dynamic of how it played out in the movie. The Brad Pitt group (including Pitt's character) had been partners for quite a while. Carell's character didn't exactly just stumble on the trade of the millennium, he had been looking for it for a while. And most importantly, they changed just how fucking crooked Wall Street was. It was 10x worse than the movie.
A few interesting things:
they really changed a fair amount of the dynamic of how it played out in the movie. The Brad Pitt group (including Pitt's character) had been partners for quite a while. Carell's character didn't exactly just stumble on the trade of the millennium, he had been looking for it for a while. And most importantly, they changed just how fucking crooked Wall Street was. It was 10x worse than the movie.
St. Clown
Liberal Rebel Scum, apparently
I forget what movie it was, I think it was that Mark Wahlberg movie where he played the bodybuilder thief that started robbing banks, the director said that they had to tone down the events in the movie from real life because what actually happened was that much stupider and unbelievable than what they showed in the movie. Those guys were exceptionally stupid in the movie.
Handyman
Hug someone you care about...
Well you have to remember, the movie has to be entertaining so they are going to have to change some dynamics to keep the audience engaged. It is more compelling if the Brad Pitt crew just got together and had it work. Steve Carrell's constant annoyance works better if he stumbles onto the scam as he does in the film. Since none of that really matters to what was going on little tweaks like that work.
It isn't like how, in the movie Miracle we are to believe Lou Nanne and Herb Brooks barely know each other, Nanne doubts what he is doing with the team oh and the Russians cheap shotted Jim Craig in the 2nd period. That was unnecessary because they could have had ANYONE question what was going on with the team (I am sure some did) and we already didn't like the Russian team trying to villainize them was just dumb. (yes Craig did get hit but not nearly as bad as the film and it wasn't dirty)
It isn't like how, in the movie Miracle we are to believe Lou Nanne and Herb Brooks barely know each other, Nanne doubts what he is doing with the team oh and the Russians cheap shotted Jim Craig in the 2nd period. That was unnecessary because they could have had ANYONE question what was going on with the team (I am sure some did) and we already didn't like the Russian team trying to villainize them was just dumb. (yes Craig did get hit but not nearly as bad as the film and it wasn't dirty)
Spartanforlife4
Generic Catchy Message
Looks like DogeDay was more of a DogeDay Eve celebration. Peaked at $0.43 around 1am and has dropped nearly 30% to $0.30.
Handyman
Hug someone you care about...
Yeah but newegg also announced they might start accepting Doge on their site.
FWIW Doge tends to do best at night whenever I am looking. I would guess overseas is inflating it. Usually right about now it is stable. It is $.33 as we speak which is 5x for me :^)
dxmnkd316
Lucia Apologist
I get that. I found the actual dynamics so much more interesting.
French Rage
NICKERSON HAS [CENSORED]
They mentioned in the movie that the Pitt group worked together from time to time. The two young guys did their thing, and one of them walked dogs with Pitt's character, so that got them into contact for occasional deals.
To me both the book and movie are great. The book is a must-read to get all of the details; the movie does a great of a job as a movie can, especially for one like that where a lot of the book is hard to portray on screen.
"Flash Boys" to me is still Lewis's best.
To me both the book and movie are great. The book is a must-read to get all of the details; the movie does a great of a job as a movie can, especially for one like that where a lot of the book is hard to portray on screen.
"Flash Boys" to me is still Lewis's best.
Not sure where to post this, but wanted to share my satisfaction with the Patagonia repair service.
I had a Patagonia Nanopuff jacket I purchased around 2010. I've worn it a ton, and not just around town, but also climbing/search and rescue situations and it was starting to show its age. The zipper in it broke, and it had a few holes that I patched with Gear Aid Repair Tape (color was almost a perfect match too). I decided it to mail it to Patagonia's Reno, NV repair shop for a new zipper and more permanent patches for the holes.
I got it back today, and I'm sure I'll have many more adventures in the jacket. Brand new zipper, and they did a great job patching (perfect color match, and they sewed the patches so the edges fell in line with the grid stitching pattern on the jacket so they aren't super visible).
Since it was wear and tear, not a workmanship issue, the repairs weren't free. It was $5 for shipping, and $15 for the repairs, which I thought was totally reasonable considering taking a full length zipper out of a jacket made out of very thin material, and then replacing it, is probably a pretty time consuming process. If the item is unrepairable, you can opt to have it mailed back, or they can recycle it and give you a credit towards a purchase of a new item.
Highly recommended. Keep stuff out of the land fill, and lower your carbon foot print by repairing rather than buying new.
I had a Patagonia Nanopuff jacket I purchased around 2010. I've worn it a ton, and not just around town, but also climbing/search and rescue situations and it was starting to show its age. The zipper in it broke, and it had a few holes that I patched with Gear Aid Repair Tape (color was almost a perfect match too). I decided it to mail it to Patagonia's Reno, NV repair shop for a new zipper and more permanent patches for the holes.
I got it back today, and I'm sure I'll have many more adventures in the jacket. Brand new zipper, and they did a great job patching (perfect color match, and they sewed the patches so the edges fell in line with the grid stitching pattern on the jacket so they aren't super visible).
Since it was wear and tear, not a workmanship issue, the repairs weren't free. It was $5 for shipping, and $15 for the repairs, which I thought was totally reasonable considering taking a full length zipper out of a jacket made out of very thin material, and then replacing it, is probably a pretty time consuming process. If the item is unrepairable, you can opt to have it mailed back, or they can recycle it and give you a credit towards a purchase of a new item.
Highly recommended. Keep stuff out of the land fill, and lower your carbon foot print by repairing rather than buying new.
RaceBoarder
Waiting for the Snow to fly...
Patagonia is a solid chunk of my outdoors gear. Yea, you spend up front for it, but the gear is worth every penny.
The company also stands for something, a rare sight in the modern world.
Spartanforlife4
Generic Catchy Message
It’s a shame the first two parts of Reduce, Reuse, Recycle have basically been forgotten. Recycle is supposed to be the last resort, but it’s the only thing that gets any focus. Not to mention if something is recyclable, and dropped off at the recycling plant, it’s increasingly likely it will still end up in a landfill anyway.
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