nytmos-zodfon

@IMAO_ Linux solves this

Maybe it’s time to admit the C drive should be the A drive (and what even was the B drive?).

@Pps831 @Imported_Fun @IMAO_ if those movies were 640x480 resolution

@Imported_Fun @IMAO_ We had that same feeling with 10GB drives not so long ago. 120GB was like for all Hollywood movies. 🤣

@IMAO_ drive A was to boot your system from floppy drive B was your application floppy, to load VisiCalc or 1-2-3 if you had a hard disk (C) you were on another level

@isa2001m that said, I'm not sure that murderers are doing the same kind of mental calculus as you and I. either people kill without considering the consequences, or they think they can get away with it which is its own kind of crazy

@isa2001m when the death penalty was swift & sure, it might have been an effective deterrent. kill a neighbor today, get hanged next week -- might make you stop & think now that the death sentence is just a possibility, and years down the road if it happens at all, I don't see it working

Is there anyone who actually believes the death penalty works as a deterrent and has the evidence to back it up? I am not against the death penalty but this seems like bullshit to me.

@aaron_renn the irony is those maxxing out 117k in SS benefits surely don't need it. not saying they aren't entitled to it,but that kind of high-earner likely saved prodigiously not that this points to an obv conclusion either. I'm planning not to *need* SS, but I'll take what's given

"91% do not know that Social Security benefits can reach over $60,000 per person. They have no idea that a senior household can collect nearly $117,000 a year just from Social Security"

@SonOfAristotle @DominicJPino his labor cost (as the baker) would be included in production cost his profit as the business owner should not be reflected in COGS this isn't econ, it's Accounting 101

@zodfon @DominicJPino I have a PhD in Economics. You're economically illiterate. Yes, a normal profit is baked into production costs because that profit is the OPPORTUNITY COST of the entrepreneur. If a baker opens a bakery, his profit must be at least equal to what he would earn as a baker.

Imagine a world where companies priced according to their production costs. The way to make more money would be to become worse at making your product. Companies that figure out ways to reduce costs would lose money. The same people who believe this also believe companies don't pay their workers enough and cut corners due to greed. But that would be counterproductive, since lowering their costs would lower their prices!

@KurtSupeCPA along the lines of "Die With Zero", I like it you can't take it with you when you go, it's more rewarding to see the gift benefit your children/grandchildren while you're alive

Client's kids are 28, 31, and 34. She's sitting on $3.2M. Wants to leave it all when she dies. I asked: "What will they need money for at 58, 61, and 64?" Their mortgages will be paid. Kids will be grown. Retirement accounts funded. Meanwhile, right now: One is drowning in student loans One can't afford a house in this market One is planning a wedding on a shoestring budget $50K today changes their lives. $50K at 60? It's a rounding error. She's giving $30K to each this year. Watching them use it. Die with your memories, not your money.

@LoganDobson just wait until she finds out that Manufacturers charge Wholesalers more than the actual production costs, Wholesalers charge retailers more than their purchase cost, and retailers charge more than the wholesale cost it's robber-barons all the way down, comrade

“No longer” lol

@SonOfAristotle @DominicJPino that's non-sensical Production Costs are Production Costs -- there is no profit baked into Production

In perfect competition, a firm will PRECISELY charge its production costs which includes a normal profit. Most markets aren't perfectly competitive. They maximize profits where marginal revenue = marginal cost & price is determined by the demand curve, i.e. willingness & ability to pay.

@AlexEdgerton driving until the range reads "---" is one of my favorite things. squeeze out every last drop

When I was daily driving a gas car, I often found myself on the freeway, scanning the horizon for gas stations because the needle is on E. Does this exit have a station? Maybe I’ll take the next one. What if the next one doesn’t? Range anxiety is way worse with ICE. Now I don’t worry about this at all. I never leave with less than 80%, and at most use half of it. On a rare big trip, all my stops are planned in advance for me. I know exactly when and where I’m going to stop. It’s just an easier way to live.

@bpodgursky Lindy in full effect

I hear some parents of young kids justify electronics with "oh my kid needs to learn computer skills to get a job" and it's so ridiculous. I have literally no idea what "computer skills" will look like in 15 years but I can tell you it's not using microsoft excel and python.

@bpodgursky in 15 years the python world will be split between python4 and those desperately clinging to python2

@owenslindsay1 @Groundwork @KatieJWells @ConsumerReports @MorePerfectUS @bencasselman @nytimes Ok, don't use instacart. Somehow I've gone my whole life and never used Instacart; I'm sure there are other options in your neighborhood too let their bad pricing decisions be their demise! viva la markets

@Groundwork @KatieJWells @ConsumerReports @MorePerfectUS @bencasselman @nytimes It’s time for Instacart to shut down the lab. Grocery shoppers aren’t guinea pigs. We can’t afford the Instacart tax. END You can check out the team's full report here: groundworkcollaborative.org/work/instacart/

Right now, Instacart is quietly running experiments on millions of us while we shop for groceries online. They are trying to figure out exactly how much they can get away with charging you for breakfast cereal, lunch meat, pasta, and everything in between. How do I know? 1/9

@bslobodin @martyrdison it's the only thing getting me through this* economy * by which I mean every economy

@martyrdison drinking? in this economy?

things you get asked when you don’t drink alcohol: - is this for religious purposes? - you’ve never tried it, even once? - did you used to have a drinking problem? - did your parents not let you? - what about wine? - are you mormon? - are you doing this for longevity? - what about just with dinner? - do you not like to have fun? - is this because of some disease/illness you have? - weren’t you young once? - does it make you sick? - is this a trauma thing? - are you pregnant?

@Karenshea @KurtSupeCPA or roll that bonus into next year, no need to spend it before Dec 31 it still requires discipline; you can't get accustomed to the bonus and consider it your baseline going forward

@KurtSupeCPA The easy way to deal with this is to set your spending at 75% of your goal withdrawal rate. If at the end of the year you haven’t spent the other 25% have a lovely Christmas.

Client calls me. Just fired his advisor. "I retired three years ago with $2.1M. Planned to spend $100K/year." "I've spent $127K, then $132K, then $118K." "And I sold my company stock at a big loss last time I needed cash as it has been very volatile." His old advisor told him: "Spending volatility is normal. Stay the course." What the advisor didn't tell him: 60% of his portfolio was concentrated in company stock. When he overspent $27K in year one, the stock was down 31%. He sold at the bottom to cover the gap. That $27K withdrawal cost him $127K in future growth. Gone forever. JP Morgan studied 5 million households. 60% experience 20%+ spending swings in early retirement. HVAC dies. Roof leaks. Daughter's divorce. You think you'll travel twice. You go four times. The study calls it "spending volatility." Here's what kills you: Not the overspending. Being forced to sell concentrated positions when they're down. This is sequence of return risk. His advisor kept saying "think long-term." But his SPENDING forced him to sell short-term. We fixed it by building a 2-3 year cash buffer. When spending spikes or stock drops, he doesn't touch the portfolio. But his previous advisor never built liquidity. Just kept him concentrated and hoped. Most advisors manage portfolios. They don't architect distribution strategies. Your start of retirement isn't a spreadsheet. It's three years of chaos while you figure out what life actually costs.

@OldHollowTree that's The Money Guy interview, most of the time

I want an episode of Financial Audit where it’s just a responsible couple who pays their credit card off every week, own their car, have a mortgage, and Caleb just kind of shrugs and says “I mean, I guess you could be like…saving more. No notes.” and they go and get an icecream

@EssentialyJenn @realbriankemple this whole thread exactly demonstrates the point of the original post well done

@realbriankemple Thanks dad.

When I taught ethics courses to undergraduates, I would start the first class by handing out index cards on which, in addition a few boilerplate questions, I asked them to name one thing they thought was wrong with the world today. The answers, of course, varied: Republicans, wealth disparity, inequality, government, injustice, poverty, anger, hatred, racism, intolerance, sexism, lack of faith, bad leadership, etc. I believe one kid wrote “Video games aren’t very good anymore.” I would collect the cards and read out the answers (without naming anyone) leading us into discussing these issues, their causes, potential resolutions, etc. I would then promise that towards the end of the course, they would hear my own answer. For the next several weeks, we would read lots of modern philosophers (I was required to teach a “survey” course in which major theories—deontology, utilitarianism, feminist ethics, etc.—were included... it was a secular school in Boston...), in each of whom I showed that efforts were made to “systematize” the answers to ethical problems—that if we could just get people to behave in X manner, we would all live happy, healthy, morally upstanding lives. After proceeding through this, I would then have them read a fair portion of Aristotle’s Nicomachean Ethics. As we came to the topic of prudence and its centrality to virtue, I would give my answer to the question, “What’s wrong with the world today?”—and shamelessly pilfer an answer commonly attributed to G.K. Chesterton: “I am.” The point being: I can blame the oligarchs, the powerful, the greedy, the selfish, the angry haters, the racist, the sexist, the Democrats, the Illuminati—whoever I like!—and it won’t do a damn bit of difference for making the world a better place. What I can do? Strive for virtue. If there is something wrong with the world today, it is that we would rather point fingers at anyone other than ourselves—and yell about it, loudly, often. I am not saying we should not call out things that are wrong, but boy a lot of people have made calling out everything and everyone that’s wrong into a career, and sure do seem to do it a lot. I think we could probably all do well to focus less on the distant Big Problems and a lot more on what’s wrong with ourselves, because, if we are honest, it’s a lot of things. We are not very virtuous. If we were, things probably would not be so bad.

@EssentialyJenn @realbriankemple if you can't see your role in this, where you have agency (choosing where and what to eat, expectations around what a "special" dinner might cost) you're cooked this isn't society's problem that dinner costs >$50

@realbriankemple Okay yes. But also, I don’t want to go out to dinner with my husband and pay $50+ for microwave food. How does “I am.” fix that? Yes, I can just never go on a date again, but let’s be real.

@truepeers @realbriankemple virtuous people don't need as much from a government; they maximize their self-sufficiency virtuous constituents would demand more from their political parties, nominating virtuous candidates and not making each election a choice between the lesser of two evils

@realbriankemple Yes there is much wrong with us. But part of the reason we point fingers is because government works so poorly. You should have asked what kind of government could do what I want? Answer: a government secure enough that it could pay no attention to me.