clutch

I'd actually welcome SF, of all places, to implement this as a social experiment and deal with the consequences.

@Gregmalas you alluded to earlier, they need to save their face from their earlier mistake when they waited too long on the "transitory" inflation. So, they probably didn't want to wait and see now in case they are called for not acting fast again. Again, their credibility is shot and a lot of their talks and actions are now more about restoring that credibility. But the SVB event has flushed any of their remaining credibility down the toilet.

I think Fed wanted to push the rates higher (perhaps irrespective of inflation) while they can so they could use rate cuts when things started to break... in the back of their mind, they probably knew that there'd be no soft landing and we'd have to face a recession. Now because something actually broke earlier than anticipated, they are now in a messy situation.

Just met someone at a Punta Cana resort while vacationing... I asked him why are you not golfing today and he said his son who came with him has a startup whose money is mostly with SVB so he is distressed... what are the chances.

I had AIMIA stocks before the Air Canada fall off. In the morning of the news, the stock began trading with some crazy amount of spread. I panic sold my shares, accidentally putting in a market order in the process. I think I lost about 50% of what I could have actually sold for (big loss either way). That was extremely painful.

Android was an acquisition. Chrome was built using a bunch of existing components, and a super simple application relative to typical software.

I'm almost 100% sure that whatever FB builds will fail. It's not just FB, but tell me the last time a big tech company was able to successfully build a new platform/product that's outside of their core competencies. Maybe AWS was the only one, and that was eat their own dog food situation. Unity will play a bigger role in the architecture and construction space. Designing living environments will become more and more like designing games and digital worlds. Many mundane things will be automated and a platform where people can quickly create realistic designs will win.

Seriously though, Unity is not just for fun. Their engine could be a major player in the Digital Twin space.

To make you feel better, I had bought NVDA at around $20 5 years ago. My work is related to high performance computing and deep learning so I knew GPU computing was ripe to proliferate at that time. Also, the moat of CUDA. I sold all of them over a 2 year period as the shares quadrupled... I got back in in March 2020, though. This time I haven't sold any.

A couple of my favorite clips:

I've watched JP's lectures before he became popular. They used to be shown on TVO (Ontario public TV). I even attended some of his lectures at UofT. They are really, really good. It's not some typical self-help stuff that people think he's marketing nowadays. Really goes into the fundamentals of human psychology, behavior, culture, religion, etc. He even changed my mind on religions and made me a strong believer of existentialism. My favorite rule: "Don't lie". You realize that it's not just about lying but it's about living the best life possible. You end up keeping your actions in check because you don't want to lie about them. For instance, you wouldn't do any debauchery things because you'd have to lie about them to your wife. So simple yet it really sets you straight. Unfortunately, he has now been politicized and therefore has become a polarized figure. It's rather unfortunate.

Unfortunately the biggest run ups we have seen in the greater Toronto area are in the suburbs, thanks to COVID. :-/

Buffett would never report anything like that... I used to like him but he has become a tool...

Snatched a lot of tech names during the sell-off today: AMZN, ABNB, NVDA, TSLA, SHOP also, COST.

Really? One investor might look at Google stocks as representative ownership of the business but another investor might look at it simply as a stonk that will go to the moon... What is a stock these days? Is it ownership in a company? Is it simply an investment vehicle? Is it a store of value? Is it an institutional reality? Most stocks traded are in electronic blips nowadays... So, is it in the form of a paper? is it just a data point? Does it even exist in reality? You can ask the same existential questions about stocks, bonds, money, ... Transaction fees. https://decrypt.co/33124/what-will-happen-to-bitcoin-after-all-21-million-are-mined