LC

How is the data quality?

Ghibli is great, keep going! Would recommend Spirited Away, Castle in the sky, Nausicaa, Howl's moving castle. And when a little older, Princess Mononoke and Grave of the fireflies. Masterpieces, all of them! (although Totoro is my personal favorite - true magic)

Seriously. The only way to win at any casino game is to cheat. Otherwise they would be out of business.

I think it's certainly "easier" to implement as a small business with an owner/operator who spends his day rubbing shoulders with his employees. But take the megacorp where CEOs make 300x the median wages. Who is profiting here - senior management and shareholders, at the expense of employees. And these beneficiaries do not encounter the average employee. So they simply don't care. I think it would be beneficial to the entire economic system if CEO & C-suite wages came down, if shareholder returns came down, and median wages came up. But I do not think it would happen by choice and nor do I think there is a good way to legislate wages. It needs to become a social norm (again).

CDC has new guidelines on COVID testing. Essentially suggesting that those who have been in close contact with COVID-positive individual, but do not present symptoms themselves, do not need to be tested. Dr. Fauci said he was in surgery and was not part of this discussion! :-X

Appreciate the perspective, SD.

Thought this was an interesting article and case study: https://www.boredpanda.com/ceo-gravity-payments-ceo-message-dan-price/

No comment on the interest rate link as I suspect it may be spurious or at the very least an indirectly correlated indicator. (OK, a small comment :D ) That said, it does seem the US has passed the crest of its "2nd wave". Good news for sure. In Europe, it appears Spain and perhaps Belgium are the only two countries where you could argue a "2nd wave" is occurring. In Spain it is more prominent, they are seeing about a 3.5-4% mortality rate in the recent reporting period, above the average. Per: https://ourworldindata.org/excess-mortality-covid (Financial Times infographic) It appears the US is the only country in the world with a significant "2nd wave", peaking around 17% above the average in late July/early Aug.

Edge sorting Hole card Front loading https://www.888casino.com/blog/blackjack-tips/how-to-win-in-blackjack-without-card-counting https://www.888casino.com/blog/edge-sorting/what-is-edge-sorting

private ledger vs public (distributed) ledger

10% Rumors of office space demise are greatly exaggerated

https://www.rollingstone.com/politics/politics-features/retirement-private-equity-trump-administration-wall-street-1047576/

https://thecorrespondent.com/655/blockchain-the-amazing-solution-for-almost-nothing/86649455475-f933fe63

And at the end of the night, Leopold bro’s alpine liquor, over about 4 cubes

Some Greco di tufo, nice value southern Italian white. Great in a chilled glass.

My coworkers, particularly the NYC based ones, are sick of working from home. One individual complained to me that the types of collaboration, meetings, group work, etc...it all takes 1.5x-2x as long. 10, 12 hour workdays are becoming routine. They find it difficult to hit the "off switch" for the workday while stuck at home. Just some anecdotal evidence for the thread.

Starter position in Raytheon (courtesy of Xerxes/Spek in the defense contractor thread - thank you guys for your thoughts, i hope to contribute likewise).

You say there are “tons of people going to China”. I’m saying there are even more people leaving, and at a higher rate than 20 years ago. Maybe that will change in the future but if you were to ask the marginal immigrant today whether they would rather move to America or China, I would guess America would be their preference. And I further guess that civil liberties are a large factor driving that preference.

If you're going to be cheeky, at least be correct. Over the last 20 years, China's net migration rate has decreased from -0.157 in year 2000 to -0.247 per 1000 in year 2019. Since 1950, China has never had a positive migration rate. For context, the net migration rate for U.S. in 2019 was 2.893 per 1000, also down over the same timeframe (but still decidedly positive). The rest I won't comment on at length as it is better suited for a soon-to-be-deceased sub forum. But I will stand by my original point: A free society and civil liberties are a competitive advantage.

At the risk of making a political comment, the biggest competitive advantage the US has over China are its civil liberties and free society. As long as those can be maintained, it will continue to draw people from repressive countries and extract the best from them. As far as I know, nobody is clamoring at the gates of China, desperate to immigrate and start a life there under the glorious CCP.

Well that's like saying what happens when Lombardy is removed from Italy?

No, in my opinion it implies an interest rate problem. Lower rates means near-term cash flows are simply less valuable. Yes, you may be earning 4x EBIT, 10x earnings, whatever metric you want to use. But those CFs are simply not as valued by the market. Compared to firms who have stronger long-term prospects, but all that value is locked up far in the future. Low interest rates means the carrying value to hold all that future value is much less expensive.

Upon quick glance this looks interesting and requires some time to review. Thanks for posting.

The problem with using bayesian statistics to model viral outbreak is that how to select priors and how to define your likelihood distribution are both prone to bias, particularly the latter.

Some commentary on the day: https://www.rollingstone.com/politics/political-commentary/covid-19-end-of-american-era-wade-davis-1038206/