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jpn

893 karma · joined March 22, 2013

Investor | Opinions Are My Own

https://jpnadvisors.com/

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jpn··on America's 1% Has Taken $50T From the Bottom 90%
Zero-sum thinking perceives situations as zero-sum games, where one person's gain would be another's loss. The term is derived from game theory. However, unlike the game theory concept, zero-sum thinking refers to a psychological construct—a person's subjective interpretation of a situation. Zero-sum thinking is captured by the saying "your gain is my loss" (or conversely, "your loss is my gain"). Rozycka-Tran et al. (2015) defined zero-sum thinking as:

> A general belief system about the antagonistic nature of social relations, shared by people in a society or culture and based on the implicit assumption that a finite amount of goods exists in the world, in which one person's winning makes others the losers, and vice versa ... a relatively permanent and general conviction that social relations are like a zero-sum game. People who share this conviction believe that success, especially economic success, is possible only at the expense of other people's failures.

Zero-sum bias is a cognitive bias towards zero-sum thinking; it is people's tendency to intuitively judge that a situation is zero-sum, even when this is not the case. This bias promotes zero-sum fallacies, false beliefs that situations are zero-sum. Such fallacies can cause other false judgements and poor decisions. In economics, "zero-sum fallacy" generally refers to the fixed-pie fallacy.

https://en.wikipedia.org/wiki/Zero-sum_thinking

jpn··on Freakonomics Asks Does Digital Advertising Actually Work?
TLDR: No.
jpn··on Ask HN: Best resources to learn about stock trading and investing?
https://anchor.fm/valuehive
jpn··on Ask HN: Name one idea that changed your life
Bayes Rule.
jpn··on Ask HN: I've saved up $80k USD. What should I do with it?
1. Open a margin account on Interactive Brokers.

2. Choose a target volatility level you're comfortable with (I like 20%).

3. Buy shares of BRKB. Buy enough such that volatility of your portfolio reaches your target volatility.

4. Every month, update your share amount to maintain the same target volatility.

https://alphaarchitect.com/2019/05/22/volatility-targeting-i...

jpn··on Ask HN: What do you use to keep track of bookmarks/notes/snippets?
Sublime & Markdown.
jpn··on Ask HN: How should I invest $200K in this market?
Berkshire (BRK-B)

https://finance.yahoo.com/quote/brk-b/

- Buy it now.

- Check in on it every quarter.

- You might lose money in the short term.

- But not participating in the eventual rebound would be a huge missed opportunity.

jpn··on Launch HN: Lofty AI (YC S19) – Real estate investment with alternative data
Are you hedging with REIT options? Or home builders?

Are you able to hedge specific city risk?

jpn··on Renaissance Explores Settlement as IRS Seeks Billions in Taxes
They would offer basket options so that anyone could make short term capital gains looks like long term capital gains.
jpn··on Renaissance Explores Settlement as IRS Seeks Billions in Taxes
Why hasn't anyone started a Betterment for basket options?
jpn··on 3D Printed Rockets: These Giant Printers Are Meant to Make Rockets
For a more active discussion, please visit here:

https://news.ycombinator.com/item?id=15512347

jpn··on Flat UI Elements Attract Less Attention and Cause Uncertainty
I think these comparisons are silly because they are trying to find some blanket universal rule. What works most of the time might not work in your specific case.

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

jpn··on Flat UI Elements Attract Less Attention and Cause Uncertainty
This study is significantly flawed.

It would be like attaching wings to a car, driving it down the highway, and then concluding that wings don't really help with speed.

Or another example would be be to take Pharrell's hat and placing it on some random person's head.

Context matters. Design is not the sum of its parts.

jpn··on Good at programming competitions does not equal good on the job [video]
This:

https://news.ycombinator.com/item?id=13739329

jpn··on Ask HN: How to get rid of a co-founder
I really like the Dynamic Equity Split paradigm. Essentially, it comes down to:

1. Recording the contributions of each founder. 2. Assigning weights to the contribution. 3. Distributing equity based on the totals.

Check out this video for more detail:

https://www.youtube.com/watch?v=G7kgEbXmBFc

jpn··on Ask HN: How do you invest your money?
RSP Guggenheim S&P 500 Equal Weight ETF
jpn··on Ask HN: Apps for travel
When you get the chance, check out [Bonjournal](https://bonjourn.al)!

[Bonjournal](https://bonjourn.al) is the simple way to record and share your travel adventures. The app helps you easily collect all the beautiful moments, stories and pictures from your journey into a single narrative.

- Create beautiful travel journals, even without internet connection. - Share your travel journals via Facebook, Twitter and email. - Export your journals to PDFs, to enjoy them forever. - Follow your friends along their journeys. - Explore the experiences of fellow travel enthusiasts.

[Bonjournal](https://bonjourn.al)

jpn··on This American Life's Alex Blumberg Podcast on Starting a Startup
Alex Blumberg of This American Life and NPR's Planet Money has created this fantastic podcast on his personal experience on starting a startup.

It's a very interesting listen. Check it out!

jpn··on Ask HN: What is the best rating system?
Thanks. This is a great find.
jpn··on Ask HN: Founding a company – what's your one piece of advice? Why?
Your MVP is always half of what you originally thought.
jpn··on Fotopedia Alternatives – A Short List
We were advised to put this list together here:

https://news.ycombinator.com/item?id=8124832

Let me know if you have any questions or if you have any thoughts or comments.

Thanks!

jpn··on Save your fotopedia data to Evernote
There are a lot of Fotopedia alternatives out there.

Check out this comparison:

https://bonjourn.al/blog/17-fotopedia-alternatives-a-short-l...

jpn··on Fotopedia is shutting down
Hi everyone!

We wrote up a little comparison of all the Fotopedia alternatives.

You can check it out here:

https://bonjourn.al/blog/17-fotopedia-alternatives-a-short-l...

jpn··on Ask HN: How to take advantage when a competitor shuts down?
Thank you, everyone, for your suggestions.

We reached out to some of the founders of Fotopedia and are reaching out to Fotopedia users via Fotopedia as well as Twitter.

We also wrote a blog post comparing some of the alternatives, which we hope people will find useful.

https://bonjourn.al/blog/17-fotopedia-alternatives-a-short-l...

I've also posted the same question on Quora:

https://www.quora.com/How-does-a-startup-take-advantage-of-a....

Thanks again!

jpn··on Ask HN: Totally depressed with my situation
If you don't think anyone will give you the opportunity to build stuff, just ...

Hire yourself.

jpn··on Ask HN: What happens to real estate prices after self-driving cars?
I agree it being a good thing.
jpn··on Show HN: I learned Rails and Objective-C in a year to build this
I'm 35.
jpn··on Show HN: I learned Rails and Objective-C in a year to build this
We're pretty happy with the end product. All of the features that we wanted are there.

Breakdown is probably 75% Ruby 25% Objective-C. Yes, same back end as the web app, which I think is key. The iOS app is essentially a glorified browser. So everything is pretty DRY and easy to maintain.

jpn··on Show HN: I learned Rails and Objective-C in a year to build this
Great! Happy travels!
jpn··on Show HN: I learned Rails and Objective-C in a year to build this
Thanks, nicholas73!

We're going to bump up the price to 2.99 after this promotional period. We want to give our currents users/followers a way to get the app at a discount.

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