62 karma · joined December 11, 2019
> In high school, he invested in a business owned by his father and bought a 40-acre farm worked by a tenant farmer.
> Buffett’s net worth dropped earlier this week when he donated $2.9 billion in Berkshire Hathaway (BRKa.N) stock to charity
Such a generous man and an entrepreneur. We need more like him.
Actually, in-person classes are completely safe and this is a gentle nudge from the federal administration to make the universities reconsider their (completely political) decision to not resume normal classes this Fall.
(I'm relieved that) people have gotten sick and tired of the restrictions, about 50% (and growing every day) are not wearing the masks inside anymore, or bother with the distancing, despite official requirements. All restaurants and bars are opening up on Monday, my favourite one described the prior atmosphere as a "psychosis of fear".
It's interesting what happens when the second wave of infections occurs, which is becoming more and more likely. It's hard to imagine the population will be as fearful and obedient as the first time, should the government try to impose another lockdown.
If, as Nassim Taleb believes, the lockdown was bottom-up, demanded by the people rather than imposed by the government, a repeat seems unlikely. Perhaps that's why the stock market is surging?
Second, the figure shown by default is not adjusted for comorbidities and the adjustment is clearly marked as experimental.
You are all just crazy with the panic and that’s it.
2) Yes, this was taken into account by the study, data from which the algorithm uses.
> If they were to end up dying of COVID-19 because they are induced to take more risks, do you think you will have exposed yourself to any legal liability?
If that were the case, publishing any actuarial tables should lead to legal liability (and it definitely doesn't, at least where I am from).
A 20 years old is more likely to be struck by lightning than to be killed by COVID.
The life expectancy saved by the lockdown is just so small. I find it extremely hard to believe that the lockdown will cause less loss of life than the new virus would have.
[1] https://www.thelancet.com/action/showPdf?pii=S1473-3099%2820...
Funny how those are almost the exact words that parents of my girlfriend used in an attempt to make her stay. She was terrified of spending an extended period of time at home with her father who normally works abroad and visits only for holidays.
Actually by a factor of four if we assume that the virus managed to reach everyone it was going to reach on the cruise ship and doesn't spread better on land.
And if only those 712 caught it, that reduces your number by a factor of five. So we are already down from 4.9% to between 0.5% and 0.625-1.25%.
Let's even assume incorrectly that all COVID deaths are on top of the 600k normal deaths. So in 2020 85% more people die of natural causes than normally. Almost exclusively very old and already ill people. It's just not a big deal and it's crazy that people think it is.
Now let's say that the death rate is 0.2% as the Oxford institute estimates, 20% of COVID casualties would have died anyway, and that isolating the at-risk people further reduces the casualties by half. We end up with 40,000 extra deaths, 7% more deaths than normally. A non-event.
If you think that the death toll of the lockdowns will be lower than that, then I hope you are right. I expect not.
[1] https://www.cebm.net/covid-19/global-covid-19-case-fatality-...