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dirck

30 karma · joined January 20, 2023

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dirck··on New York, California Lose Firms Managing an Estimated $2T in Assets
The original article came from Bloomberg. It nicely charts out inflows and outflows from each state.

Generally, it's because of lower cost of living. But, there are other things mentioned such as bringing expertise to areas requiring more diverse financial needs, as well as quality of life/relaxed life style. But, almost all studies of this migration point to cost of living.

https://www.bloomberg.com/graphics/2023-asset-management-rel...

dirck··on New York to ban natural gas, including stoves, in new buildings
Smoking remains the leading cause of preventable disease, disability, and death in the United States.

• 40% of cancer deaths are related to smoking • 80% of lung cancer deaths are related to smoking • 33% of heart disease deaths are related to smoking

There's over half a million deaths a year from smoking and 10% are second hand smoking related.

I’m not quite sure we can call this a win yet.

dirck··on Grand jury votes to indict Donald Trump
The defense gets to voir dire the jury. There were still millions of votes for Trump in NY and many that didn't vote at all.
dirck··on Swedish pension giant loses $1.1B from US banks’ collapse
That's the point of diversification. To average out idiosyncratic risk.
dirck··on Maybe treating housing as an investment was a mistake
There is definitely capital gains tax on non-primary residence homes. Only primary homes are exempt up to certain dollar.