422 karma · joined November 15, 2022
Now globalization is unpopular in the west because the west realized neo-liberalism is bullshit, for lack of a better term.
Here's another possibility: During goes to DePalma to collaborate and asks if DePalma still has the data. DePalma says he doesn't. During sees this an an opportunity to claim credit for the work.
It's impossible to tell which scenario is more likely. Are you really willing to ruin someone's career over purely circumstantial evidence provided by a biased witness?
According to During, DePalma was supposed to be an author on the paper. According DePalma, they had brief discussions to collaborate, but ultimately decided not to.
Without conclusive evidence, it’s irresponsible to get out the pitchforks.
C is the lingua franca of the software development world.
A cooler feature would be requiring the compiler to prove the addition wouldn’t overflow.
That being said, it’s too easy to do something wrong in C. The desire to use Rust isn’t because C is stale, rather it’s too hard to write C correctly.
Now labor is vastly more expensive than materials. Making this easy to build makes them way cheaper.
Whether or not Tether is a fraud has nothing to do with the price match on a CEX and DEX. The price on CEXs and DEXs will always match due to arbitrage.
(This isn't a statement on whether or not Tether is a fraud. I'm just pointing out that the price on a CEX and DEX will always match with sufficient liquidity in the market).
And Tether doesn't have an unlimited supply of money. Tether allows USDT to be redeemed for USD. If Tether was minting unbacked USDT, then Tether would eventually be shown to be insolvent.
Second, if you're manipulating the price upward, it becomes more and more expensive to maintain the price. Like let's say Tether issued USDT to pump the price of BTC. If they wanted to maintain that long-term, they'd need to print more and more USDT to maintain the price, which gets us back to insolvency.
Third, the CEX would need a reason to pump the price. Usually, people pump prices to execute a "pump and dump" where low-value assets are dumped on unsuspecting consumers at a high price. It's possible, of course, but executing a pump and dump scheme is a lot of work and very risky for very little reward with such expensive, highly traded asset like BTC.
And look, I agree that indexed investing is likely the best strategy for most people. However, some people do beat the market consistently over the long term. TFA states that plainly, although it tries to downplay it. Additionally, this specific "research" is released by S&P Dow Jones Indices. What is the S&P 500 and Dow Jones if not a hand-picked selection of stocks? So this article isn't really saying it's impossible to beat the market. The article is saying that it's impossible to beat S&P Dow Jones Indices at picking stocks, which means the article is just a marketing piece. I'll also add that the S&P 500 plays with a stacked deck. By the nature of its size, companies included in the index trade at a substantial premium to similar companies outside of the index.
So, in essence, there is zero incentive for Apple to change its behavior.
A better example would be to create the S&P 499. Take the S&P 500 and remove one company you think most likely to underperform. Theoretically you’d outperform the S&P 500.
In the short term, I think you’re right. However, 20 years is a really long time. You’re not going to make a bet at year 18 and somehow magically make back 15 years of gains.
But it seems like the criteria used is a bit weird:
> The team selected the 25 percent of the funds with the best performance over the 12 months through June 2018. Then the analysts asked how many of those funds remained in the top quarter for the four succeeding 12-month periods through June 2022.
That's different than not beating the market.
> And over a full 20-year period ending last December, fewer than 10 percent of active U.S. stock funds managed to beat their benchmarks.
So some firms do beat the market.