102 karma · joined December 7, 2021
Feb 2020: 15,457.9 Feb 2022: 21,699.2
This is a 40.3% increase.
To be charitable, this money isn't all on printed physical cash dollar bills, but nowadays there is no need for it to be. (I'm tempted not to be charitable though.)
The large double glazed sliding glass door in one of my previous apartments had that issue, and it eventually became mold trapped inside the glass that was uncleanable.
Then again, wire nuts aren't that great either.
Would it be best for us to sock away money in a 529 plan, or to just let her take out loans to the greatest extent possible and pay them back after the fact?
>Those who advocate a tightening of fiscal and monetary policy in the name of stopping inflation, do so because they fear a build up of inflationary momentum. That risk may be real. No less real, however, are the costs of the contractionary policy mix being applied now.
My intuition on the problem is that no matter where we fall along the spectrum once it lands, we will have both unacceptably high inflation (which we've already had) and an unacceptably large recession. Don't know which one will hurt more yet.
>However, consider how disconnected their actions are from their financial reward...
Operating at a high executive level in a corporation is necessarily abstract and disconnected. Bill Gates's most tangible actions were early on, starting the company and taking the risk and creating the first bits of the software. It's turned out that many software products have high margins once established, and high network effects as well. By the time somebody is focusing their attention on the biggest winners among the highest margin, most scalable industries, at the peak of their career success, they can forget the other less-successful founders whose products help people everyday and are awarded in more reasonable proportion. It's tough to know how many of these other founders would have even started a worthwhile business without the potential reward of wild amounts of wealth.
FWIW, I would appreciate it if co-ops were more common as a corporate structure. I've got no beef with that existing, and it is indeed possible for it to exist within the U.S. legal system. I figure that it all comes down to incentives. And as far as Bill's wealth goes he's doing a pretty good job of giving it to people in greater need of it than the average software developer.
The bad part of this I think, is that valuations of long-term cash flows start becoming more and more sensitive to rates. The difference between a 2.75% mortgage and a 3.75% mortgage is bigger, relatively, than the difference between a 3.75% mortgage and a 4.75% mortgage; because people buy the largest, longest mortgage they can afford, small changes in small interest rates result in large changes in the monthly payment. I feel like this ends up making the whole housing market more volatile.
Let's say there was an individual who founded a company, owned 100% of the equity, and designed a brand new product. The product solved an unmet need for consumers, sold at high profit margins, and was massively successful. Our inventor was well ahead of his time, and the next-fastest similar invention would've been invented 30 years later, during which time $500 billion of consumer value had been created. Would you admit in this case that the founder earned a substantial fraction of the $500 billion?
To what degree is Bill Gates' wealth similar to this test case versus network-effect-capture, first-mover-advantage wealth? How do you quantify the value of Microsoft's software quality earning it's substantial market share, versus Microsoft getting there first and squatting on the network effect?
Presumably they are shipping two types of water- potable and non-potable. The non-potable is less difficult to produce and ship.
You can flush a toilet by dumping a bucket of water into the bowl.
Electric motors on the other hand produce peak torque at 0 RPM, so it's way harder to bring them to a standstill.
Many of these electric chainsaws are premium brands and still have this problem- to my knowledge there are no electric chainsaws that have a safety feature designed to make sure chaps work.
The clever safety feature that could be engineered to help make these safer is to add a torque sensor to the motor that cuts off power if excessive torque is sensed. This excessive torque condition would hopefully be calibrated to not have any nuisance shutoffs, but can still stop the saw when needed for safety.
It provides the proper incentive to align appraisals with market value and prevents the city from exploiting its citizens.
Fluid flow/ thermo would be the other main academic area that this book wouldn't cover.
There's a bunch more topics though that you build over years of intuition- manufacturability, design tradeoffs, etc.