popcat

I think you have a fundamental misunderstanding of how bonds work. What you are saying is mostly true, BUT the coupon rate is set at bond issuance. Meaning if you own a bond now, and coupon rates go up because of an event, your rate does not magically adjust. When event like you describe happens, it means it's a good time to enter the bond market.

What Dalio is saying is that currently real returns on bond are rock bottom or even negative. So why would you own them? He's not saying to NEVER own bonds, just that it currently does not make sense. If in the future, bond coupon rates increase, then it will once again make sense to own bonds.

Companies preparing to IPO start 'reporting earnings' internally a few years in advance. This is because of both SEC requirements and expectations of the banks working on the IPO. While quarterly earnings reports would not be publicly available, AirBnB certainly does do them internally.

In effect, Condé Nast does still own Reddit. Advance Publications is the holding company which owns the Conde Nast properties (Conde Nast, Conde Nast International, Conde Nast Entertainment, and Reddit).

When Condé Nast originally bought reddit, there was an outcry about how Condé Nast was going to ruin reddit. People thought Condé Nast was just going to pump their magazine content (GQ, Vogue, New Yorker, Wired, many more...) on reddit.

In order to prove this wasn't going to happen, Conde Nast reincorporated Reddit as its own company and moved it under its parent holding company (Advance Publications).

Advance Publications is to Conde Nast what Alphabet is to Google.

Also one thing to note is that Reddit has employees within Conde Nast's head quarters. Its not like they are trying to hide their ownership. They just changed the structure of the ownership to prove Reddit still controls Reddit.

As a junior engineer, what the best way to learn about and master the political game? I feel like it all goes way over my head. Does anyone have any recommended reading?