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jhulla

627 karma · joined December 14, 2013

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jhulla··on iOS 12 introduces new features to reduce interruptions and manage Screen Time
Question for the crowd: With this upgrade is iOS at feature-parity with Android/Google Family Link for managing child smart phone usage?
jhulla··on China to have 626M surveillance cameras within 3 years
This is why I keep a bunch of equipment by default on an isolated subnet where the router drops all packets to the outside world. Doesn't matter what the device is trying to do.

Connecting to these devices requires one level of indirect - where I connect first to an internal machine that can send packets to/from the hidden subnet.

jhulla··on Leonardo Da Vinci Painting Sells for $450.3M, Shattering Auction Records
Some ideas are ancient. The painting doesn't have to move. The money doesn't have to move. We just all agree to assign it to someone else.

"Because these stones are too large to move, buying an item with one simply involves agreeing that the ownership has changed. As long as the transaction is recorded in the oral history, it will now be owned by the person it is passed on to and no physical movement of the stone is required."

https://en.wikipedia.org/wiki/Rai_stones

jhulla··on What Did 17th Century Food Taste Like?
My daily mix is a couple of cast iron skillets and all-clad stainless steel saucepans. The combination is perfect for me.

Just looked over the Falk line - absolutely beautiful. I've never considered copper cookware. What benefits do you get? How much time in maintenance do you spend? Do you have to clean and polish the copper bottoms of your pans weekly? I periodically pull out BKF and polish my all-clads - but it isn't necessary.

jhulla··on What Did 17th Century Food Taste Like?
I personally love the burrito variations up and down California.

I grew up on Mission burritos in SF. With Taqueria Cancun being a personal favorite.

But - holy moly - San Diego burritos are out of of this world. Burritos with meat, avocado and french fries. Heaven.

jhulla··on What Did 17th Century Food Taste Like?
E.g. intuitively grokking the Maillard reaction, fond, deglazing, etc.

In my experience with beginners - the number one error they make is not understanding their heat source and pans. For example, they'll put oil in a thin pan, turn on the burner and drop in a chicken breast right from the fridge and wonder why its not done in 6 minutes.

My advice to beginners cooking on stove tops: get a cast iron skillet - treat it with love and kindness. Let it warm up for a bit before you start cooking.

jhulla··on Real estate site Redfin files for IPO
Sometimes transactions stick at the strangest places. For example, a buyer balks at paying a final $500 fee allotted to him because he has hit his financial stress limit - potentially killing the entire transaction.

Good agents are not just facilitating the transaction, but also acting as friends/confidants/therapists for buyers&sellers - helping them make responsible decisions. Good agents also come up with creative solutions to complete transactions - this pops up often in resolving inspection contingencies. Say there is some leakage discovered underneath a bathroom sink with some cabinetry damage. The buyer is getting cold feet. What do you do?

jhulla··on Real estate site Redfin files for IPO
Good for Redfin. Disruption in any business that charges 6% transaction fees is great.

Having said that, real estate transactions are complex beasts with many moving parts. A lot of this process can be scripted and templated. But there are many situations where it cannot. Buyers and sellers are under immense stress as they face very large financial and legal decisions. They don't understand the process, the terminology, the legal and financial consequences, etc. There are local regulations and conventions that differ from region to region. E.g: Check out the differences in who pays fees across counties: http://chicagotitletransfertax.com/

Good agents absolutely earn their fees when uncertainty and complexity arise. I suspect Redfin is seeking to carve out the part of the market that comprises straight-forward, template driven transactions.

jhulla··on 95-Degree Days: How Extreme Heat Could Spread Across the World
Focusing global political will into action to address climate change is hard.

What is depressing is that even when local benefits are present, it is challenging to enact policy. Case in point: the folks over at Citylab periodically write about the loss of urban forests.

Here is an article from May'17: McMansions Are Killing L.A.'s Urban Forest. https://www.citylab.com/equity/2017/05/as-officials-push-for...

Look at the attached map, even the liberal enclaves of Santa Monica, Venice, Manhattan Beach, BelAir, Hollywood Hills and Beverly Hills show tree cover loss.

Sad.

jhulla··on Electric Cars Soon Will Cost Less Than Gas Cars, Research Suggests
So far cheaper to operate is correlated with smaller/lighter cars. The lower safety ratings of these small cars in offset crashes suggests that owners of these cars are taking a greater risk on the road.
jhulla··on They Could Buy, but Why? Meet the High-Renters
Interesting.

One important benefit of buying: the $500K capital gains tax exemption for married couples on sales of their primary home after living for two+ years.

http://www.nolo.com/legal-encyclopedia/the-250000500000-home...

jhulla··on Fidget Spinners: Why Being Interesting Can Do More for You Than Being Useful
This is a great article about fidget spinners:

https://geeksdistrict.com/inside-the-fidget-spinner-gold-rus...

"Over the last month or so, the spinning toys have gone from an elementary-school fad to a nationwide obsession. Unlike many other toy crazes, fidget spinners offer a wild-wild west for global capitalists looking to cash in on the craze. For one, there are no patents or trademarks to worry about infringing, so any factory can spew them out by the thousands. They're cheap to make and buy, so there's little risk in investing in, say, 500 or 1,000 of them. And unlike hoverboards, the craze that Chinese factories were cranking out last year, they aren't going to explode or catch fire.

"I'm selling a couple thousand a week just walking around and asking stores if they them""

jhulla··on My Family’s Slave
Wonderful and deeply moving narrative.

Unfortunately through modern capitalism & the global supply chain we are all complicit in slavery.

The lowest cost of labor is zero or near zero. The challenge for miners/garment makers/manufacturers/industrial farms/etc. is to circumvent local laws & regulatory bodies while expanding their profit margins. Once past the local regulatory hurdle, the global supply chain adds successive layers of obfuscation and legitimacy until finished goods reach our homes. At that point, we can't tell anymore the amount of slave labor (or environmental externalities for that matter) that went into the product, so most people buy with little regard.

The solution is to strengthen regulatory bodies at all steps of the process worldwide with punitive damages to violators making the cost of circumventing labor laws greater than the benefit from exploiting poor/at-risk populations. This is an ongoing challenge for all governments worldwide - the difference is only of scale. Whether it is the plight of poultry workers in the midwest, slave fishermen in asia, trafficked women in Europe or indentured workers the world over, exploitation is an intertwined economic and moral problem.

As for Lola, I found it heartwarming that the author accompanied her home twice.

jhulla··on Rich Retirees Are Hoarding Cash Out of Fear
Unexpected healthcare costs keep seniors nervous. Although Medicare and Medigap insurance plans offer good coverage, long term care and home health care is dauntingly expensive. Many rely on a mix of family + caregivers. Even then, the hourly/weekly/monthly costs are quite high.
jhulla··on MIT no longer owns 18.0.0.0/8
LSC
jhulla··on United removes first-class passenger to make room for 'higher-priority' traveler
Overbooking guarantees near 100% utilization. As you observed, it also leads to regular situations where a gate agent has to prioritize customers into limited slots. If overbooking and gate agents predictably end up destroying customer goodwill, then the practice has to be reconsidered.
jhulla··on United removes first-class passenger to make room for 'higher-priority' traveler
Comment might be buried... But, the problem is the baroque overlaid combinations of [seat class, fare class, FF status, standby, cash vs FF purchase, time of arrival at gate, etc.] intersecting with [connecting flts, equipment, weather, etc.] leads to a large range of predictable conditions with uncertain outcomes. E.g. only one seat remaining, who gets it: passenger needing to make intl connection on a FF ticket or cash paying high status passenger?

This is a global optimization problem that can be easily solved - but there are many cases where on the ground discretion is required [last minute aircraft change, weather delay]. Poorly paid, under trained and under motivated staff will always drop the ball in this situation.

The solution for United here is two fold 1) Increase training, comp, authority and motivation of gate agents to solve problems with minimal disruption. This used to be the case a bankruptcy ago. This setup is not likely to return due to a simple reason: cost. United in bankruptcy blew up the pension promises to some of their most experienced staff. They left.

2) The best outcome for United is to reduce the complexity of their product so that customer expectations of service align with the company's ability to deliver.

tl;dr: United's service is too complex for their gate agents to deliver. Service should be simplified.

jhulla··on California’s public pensions are breaking the bank
This is a common misconception. You may be surprised by the numbers: http://transparentcalifornia.com/salaries/san-francisco/?&s=...
jhulla··on California’s public pensions are breaking the bank
Check out public sector salaries in SF sorted by overtime:

http://transparentcalifornia.com/salaries/san-francisco/?&s=...

jhulla··on California’s public pensions are breaking the bank
Pension funds are one of the largest victims of Central Banks after the 2008/2009 financial crisis. Quantitative easing on top of zero/negative interest rate policies has dramatically reduced the risk-free return on capital. Bond yields have collapsed worldwide.

In short, the problem is this: commitments were made when interest rates were higher than now. Interest rates have now stayed far lower for far longer than expected. Meeting those commitments in the recent few years would have required taking more risk than the funds can justify.

jhulla··on Both geniuses and madmen pay attention to what others ignore
Wit and whisky. Wonderful combination. Cheers.
jhulla··on Alphabet Creating Stand-Alone Self-Driving Car Business
Out of curiosity, has anyone seen Google's self-driving cars testing down El Camino, University or Castro in PA and MV?

Each street presents uniquely complicated obstacles. In the case of El Camino, the police recently shut down the lights at an intersection due to Stanford game traffic. I'm curious if the self-driving cars know how to recognize hand signals from a legit police officer.

Over on University and Castro, there is a lot of foot traffic and sometimes people briefly double parking to drop off/pick up people. Some human drivers in these cases will (illegally?) cross the double yellow lines into the oncoming lane to pass the double-parked vehicles. Again, I wonder how the self-driving cars handle these scenarios.

jhulla··on Tesla plunges in Consumer Reports' rankings
What makes you happier? Easier to drive, better mileage, maintenance costs?
jhulla··on I went to Nigeria to meet a man who scammed me
I am sorry for your situation.

For others who are concerned about this range of problems, consider the following issue carefully: elderly parents who for whatever reason compromise their financial and/or physical health are placing a direct burden on you. Although their debts do not transfer to you, you may very well be on the hook due to familial obligations. E.g. your MIL gives up all of her assets to a fraudster. You cannot bear to see her homeless - so you step in financially. Her actions are now reducing your wealth and quality of life.

One solution to this is to anticipate and discuss issues well before they arise. Transfer assets to trusts for grandchildren. Create living trusts where a child is a trustee. Watch your parents' financial accounts. Talk to them about common scams [Nigerian/IRS/Gift card/Email]. Train them to always confirm with a family member before transferring money anywhere.

There is also the option of pursuing Guardianship and Conservatorship should that become necessary.

jhulla··on How One Goldman Sachs Trader Made More Than $100M
There is always a market for your asset. You might not like the price. Market makers that are not tied to TBTF banks would actually be more responsible because there is no safety net.

Aggressive traders who understand market structure can and will profit.

I remember flash crash days - my trading platform stopped responding - I could not get quotes and I could not do trades. I desperately wanted get a fill at the flash sale prices. No dice for me. Some friends who had stops in place found out that their broker had automatically sold their positions at deep discounts. Aggressive traders (with working platforms) benefitted for sure.

jhulla··on How One Goldman Sachs Trader Made More Than $100M
Yeah - given the size and market environment during the trade, I'd imagine there were many people looking over trader shoulders to keep everything legit. Someone is going to have a nice Xmas.
jhulla··on How One Goldman Sachs Trader Made More Than $100M
Market making is inherently prop trading - the firm's capital is at risk - unless trades are paired or hedged immediately. For thinly traded stuff that may take a while to unload, it is just prop trading.

I personally think Banks should be incredibly boring utilities. But that ship sailed a long time ago.

Lots of great stuff was thrown out the window in January. My winning bet for the year was to start buying EWC (ishares Canada) during the market lows.

You say "and the mood these days is like a morgue". Please elaborate.

jhulla··on $1M VotePlz Sweepstakes
This is awesome. Encouraging potential voters to engage, understand, and participate in democracy is a good thing. Once registered, hopefully they will stay registered and participate for the rest of their lives.

Besides the big name top of the ballot Presidential election there are many down ballot elections to consider. There are house elections, senate elections (in some states), local elections, as well as propositions, etc.

With the wall-to-wall coverage of the Presidential election, it is easy to forget that the wheels of our democratic American system turn at multiple levels.

E.g.: Your local school board matters. Your judges (if elected where you live) matter.

Here are two summaries of California's propositions:

https://ballotpedia.org/California_2016_ballot_propositions

http://www.latimes.com/politics/la-pol-ca-november-ballot-pr...

Vote.

jhulla··on Companies and Billionaires
They diversify into other investments. For very large holders of stock, they use a preset and scheduled sales plans to negate any color of insider trading or impropriety.

The very largest insiders have to disclose their sales publicly.

See for yourself: Zuckerberg's sales of FB.

https://biz.yahoo.com/t/15/8822.html

jhulla··on The Shame of Palo Alto: An Interview with Kate Downing on Affordable Housing
Get outta here with your free markets. In free markets, those that lose big get up off the table. In our TBTF markets, the bigger your loss, the greater the odds that your national Treasury will backstop you.

Have you helped out your local banker today?

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