greyw

IIRC a huge chunk of the returns comes from roughly 4% of all stocks while the rest is basically (very simplified) just earning their cost of capital.

Look you keep putting words in my mouth in a quite rude fashion.

You make this situation confusing by basically arguing against a strawman. Where did I say lenders are a homogeneous group? Where did I say that lenders dont understand risks and interest rates? Im pushing back against the prevalent notion that PEs are somehow hoodwinking lenders into constantly taking losses. Its not happening. Thats it. Feel free to show me data that proves otherwise.

If you just want to do a monologue about PEs and their shenanigans then please by all means do so but dont do it as a reply to my comment. Thank you.

PE do LBOs. Yeah. And?

I only contest the claim that lenders are the dumbasses that keep on taking losses. It's nonsense.

Despite having been a tax advisors apparently you don't understand that. That is suprising. Kinda shows that your role doesn't necessarily translate into knowledge about how companies operate.

Banks are not taking huge losses because a huge fraction of loans to PE work out.

Imagine believing PEs are just constantly scamming banks out of their money. Yeah sure.

Its just that people have this carricature of PE in their head plus we are on HN where there are a huge fraction of Dunning-Krugers when it comes to topics about economy. Thats why you get these internally inconsistent arguments

Vivado has a native linux build. Windows is the port not the other way around. The whole EDA suites from Cadence and Synopsys is native linux.

EDA tools are all historically UNIX tools and still to this day

Ironically, win32 is the only stable API and ABI on gnu/linux

The highest marginal wealth tax rate in Zurich is 0.47% and 0.9% in Geneva starting at 2-3mn CHF. It's not irrelevant at all

If you now earn 4% on your capital and pay 0.9% wealth taxes that is like a 25% tax rate on your unrealized gains. Inflation is close to zero anyway and interest rates are negative.

Obviously I prefer that system because we can compound essentially tax free to a couple of 100k before having to think about taxes.

Switzerland has a wealth tax. That is a tax on unrealized gains fyi.

What data are you looking at? I only see yoy growth

The south-americans are surprisingly patient. The Argentinians elected Peronists for decades with the unsurprising outcome of decline and ultimately high inflation.

Looks interesting. Posh is a bit too adventurous for me (I wish there was a smartphone running FOSS android out of the box)

> Quota tracking when using docker subvolumes is basically unusable due to the btrfs-cleaner "background" task (imagine VSCode + DevContainers taking 3m on a modern SSD to cleanup 1 big docker container). This is on 6.16.

I had to disable quota tracking. It lags my whole desktop whenever that shit is running in the background. Makes it unusable on an interactive desktop.

The outcome is not as clear as you make it to be. The Norwegian wealth tax hike resulted in a loss of about $600mn of tax revenue. We will see at which point the british will end up on the laffer curve.

Last I heard the rich are leaving the UK eroding your tax base. Im sorry but it is going to be higher taxes for you all

All my accesspoints and routers run OpenWRT. Love it.

At some point I even ported OpenWRT to my unsupported tplink device. IIRC I hacked together a devicetree and made some small modifications to the tplink loader code.

Funnily enough when I made a PR on github it was basically ignored after I implemented the feedback. I proceed to instead send the patch to the mailinglist and it was merged the same day without comment. That must be some kind of skill filter...

Sorry I meant lender.

Anyway my point is that if you become a lender for a nontrivial sum of money it might sense to hedge that risk (insurance, credit risk entrustment, ...)

If your borrow money and give it to someone else and that someone else loses it how is it the borrower's fault or even problem?

Thats great but I need my bank app to work not some random one

China owns 2.1% of the total outstanding US debt. If you include their holdings through Belgium and Luxembourg it is maybe 5%. That is something but nothing that should make you lose sleep over.

Japan owns about 3.1% of the US debt as comparison.

IBKR makes you pass a quiz before you can trade derivatives

Option markets are quite often more liquid than the underlying in India which is why Janestreet was able to pull that off.

Retail folks use options to gamble. Apps gamify access/trading. It's really odd like that.

In Switzerland you can change the constitution with popular votes. That only requires for 50% of the voters to agree and half of the cantons.

Getting a margin loan with your stocks as collateral is a couple of clicks away in your brokerage.

Actually weird of so few people make use of it.

Hardly. Socialism is about workers/communities owning the means of production. Research labs these days are mostly funded by the public. That's just about allocation of government resources.

POSIX doesnt even define long opts. I conciously dont follow POSIX these days. The standard will adapt once enough pressure has built up as they mostly document existing things instead of innovate. So I need to apply pressure.

Most chinese are storing wealth in real estate its the prime investment vehicle. People in china have been speculating on properties for decades. The chinese government realized a bubble was forming because house builders started using crazy leverage. The fact this crazy bubble formed has shown the regulators were in fact asleep.

Depends on your jurisdiction. In Switzerland, downloading games, books, music, movies etc. for personal use is always legal even if the copy is "pirated". Work just needs to be published in any form. Dont know any other country where it works like this.

Shares of near-bankrupt companies have strong option-like characteristics, similar to out-of-the-money call options on the company's survival (because they are worth zero if debtors are not able to be paid off, nonzero otherwise).

If you know the basics about how options are priced the wild swings shouldn't come as a surpise at all.

Thanks for your great guides. Helped me a lot during my career (so far) :)

Visa and MC are four party payment systems. In short, the fees paid on a transaction are split between the merchant acquirer cut (merchant service charge), the card network (scheme fees) and the card issuer's bank (interchange).

Stripe is a merchant acquirer and Visa/MC a card network.

The 2%-3% are the total fees imposed by a stripe, a merchant acquirer. The 0.3% is Visa's cut. After subtracting the card issuer's cut, what remains goes to Stripe.