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Quantіan
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Quantіan
@quantian1
Voted “Most Likely To Appear on Wikipedia’s ‘List of Largest Trading Losses’” among graduating class
Katılım Ocak 2015
510 Takip Edilen96.3K Takipçiler
@jdcmedlock @TheStalwart Offering partial forgiveness for priesthood study loans acquired by wards of the temple if they live in a flood plain area for at least 3 harvest seasons like:
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@34bps @fintwit_lurker @HJB2_0 20 is a bit extreme but my HS strongly pushed people to take however many they needed to get the AP National Scholarship award which was like 8+ 5s IIRC. I wound up taking a dozen.
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I really hate it when the family farm that had been owned for generations suddenly fell upon hard times (no fault of our own) exactly 160 years ago and my ancestors were forced to sell it to evil Northern speculators for a fraction of what it was worth a decade earlier :/
Andy Masley@AndyMasley
Reading up on data centers & farms and I'm not going to include this detail in the post bc it'd feel like it's trivializing too serious of an issue, but I have to say, how do you as a journalist type this sentence without noting the very obvious ominous implication? This was in Kentucky.
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Reading up on data centers & farms and I'm not going to include this detail in the post bc it'd feel like it's trivializing too serious of an issue, but I have to say, how do you as a journalist type this sentence without noting the very obvious ominous implication? This was in Kentucky.
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@Dumbhead62 I didn’t bother watching the video on account of it helpfully saying it came from the Epstein Institute
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“MIT Media Lab” yeah it’s a scam this is not a real thing in the slightest, you don’t need to look into it further or anything
Carlos E. Perez@IntuitMachine
Meet Human Operator from MIT Media Lab: a wearable that lets AI temporarily take control of your hand using electrical muscle stimulation. Watch it crush piano, draw perfectly, and mix cocktails like a pro — all from a simple voice command. “I gave an AI a body.” This isn’t sci-fi. This is tomorrow. #HumanOperator #MITMediaLab
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@OtterZacharias @drumm_colin If so that’s way more damning of the intellectual quality of contemporary Marxists that they’re contorting themselves into knots to defend a known to be wrong proposition that isn’t even from their Guy because some clown signed “Marx” to the cover.
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@OtterZacharias @drumm_colin is your argument that it’s not fair to critique the load bearing assumption of Marxism as stated by most soi-disant Marxists and studied by Marxist scholars and published in Marx’s most famous text because it was edited by his close coauthor and not him personally?
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Generally speaking, is there anything that could happen that would cast doubt on Marx's theory of capitalism? If so, what is it.
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@drumm_colin @upvigilant Colin and I probably agree on this! Marx is very poorly served by contemporary Marxos who mostly can’t make good arguments.
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@drumm_colin @ZHumbug The argument that capital investment has no impact on profit because capitalists are caught in a Red Queen’s race is not obviously false and a reasonable thing for Marx and early Marxist to believe. The idea that capital investment has no impact on *output* is obviously absurd.
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@ZHumbug @quantian1 maybe, but what work? that's no longer a marxist question
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@drumm_colin You can make Marxism perfectly consistent by turning it into a sociological theory about how capitalists act economically irrationally to preserve class power if you jettison the TRPF determinism, but then you can’t smugly say “therefore we will win eventually QED” at the end.
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@quantian1 yeah i havent wanted to engage them on this because i'd have to dig into whatever their accounting is and it's maddening enough to learn about the accounting the actual power institutions use
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@drumm_colin Marxists have responded to this extremely damning fact by inventing increasingly absurd fake accounting measures of profit despite the fact that this was predicted in the 30’s by Kalecki and demonstrated mathematically by Okishio in the 60’s, both of whom were themselves Marxist.
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@drumm_colin We have 80+ years of economic data demonstrating that corporations can maintain constant profit rate and return on capital so long as they can make capital investments that exceed the rate of depreciation even if the labor share is constant or rising, as predicted by Kalecki.
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It is understandable why Nasdaq would let Musk coerce them, after all they really want the listing. But what exactly dos S&P stand to gain by letting him dump shares to SPX funds? They have no incentive and had no compunction about excluding Tesla for years for that reason.
Jake@EconomPic
TLDR: it looks like on the day that the SpaceX lockup goes away, SpaceX will be added to the Nasdaq Index at a weight 3x larger than justified by float and without meeting the earnings requirement, will be added to the S&P 500. Details: It was reported in March that SpaceX stated they would prefer to list on Nasdaq with early inclusion in the Nasdaq-100 Index being a major condition of that listing. Nasdaq then tried (in February) to make the weight for new IPOs in the index 5x the level of actual float issued (very little float of SpaceX will be available, thus the weight in the index would be outsized relative to the float)... it is easily interpreted that the 5x level was a level explicitly created by Nasdaq FOR THIS SPACEX IPO (typically, there are no multipliers). They settled on 3x (i.e. a 3x larger weight than justified by float... squeeze anyone?). S&P follows (can't lose business in their ETFs from Musk fanboys) AND is poised to remove the requirement that new listings have GAAP earnings that has been in place for ~40 years.
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@DeepDishEnjoyer I did think the fifth round interview at Jane where I had to go to a rented apartment to see if I was compatible with their "cuddle puddle" was a bit odd but you don't see me filing a lawsuit about it.
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everyone had crazier and crazier jane street interview stories but notice how nobody is brave enough to share how their interview at jp morgan went
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@quantian1 Not really. Anthropic counts cloud partner revenues as full revenue, if they did it right they would be about 22 billion (not 30)
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If you wiped your brain of all prior knowledge of their valuations and were told the three biggest private companies were Anthropic, OpenAI, and SpaceX; and they were worth $1.5 trillion, $800 billion, and $300 billion, you would absolutely assume SpaceX was the $300 billion one.
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