Dalal.Holdings

The asians in the U.S. integrate much faster because the H-1 program brings in highly educated talent. They start off as high earning middle class in the U.S. --> faster integration. Making people start at the bottom takes many generations to integrate. If you bring in refugees who can't work and are automatically enrolled in welfare programs, it will take even longer because they will become used to the handouts. In the U.S., the working class immigrants are not given such handouts and so they have no choice but to work which leads to faster integration. In European countries, you have neighborhoods of immigrants where large % don't need to work thanks to a social safety net that's too generous I've lived in a northern German city for a short period of time and my recollection was the Turkish lived mostly in one area of a city, I saw few who lived among the general population. Perhaps that has changed since I was there It does seem that there is integration in some areas though: https://www.hurriyetdailynews.com/18-lawmakers-of-turkish-descent-win-seat-in-germanys-bundestag-168214 I just think Europe is worse at it than the U.S.

Well you are right in some respects, but also IMO wrong on a few things: -- There is one non-Chinese company that can successfully produce EVs, it is American and has production plants in U.S., China, and Germany. Why does Tesla exist? Because America has fewer regulations and allows startups to thrive. In Europe you cannot start a new automaker without adhering to all kinds of crazy rules around labor, environment, etc. Even building the Tesla Berlin factory required cutting thru LOTS of red tape -- No one has a "right" to asylum. It should be an application process and not everyone automatically is entitled to it -- Why does Germany not allow these people to work? Why does it allow them to be eligible for generous handouts that keep them dependent on the state? It also incentivizes them to NOT work because the amount of aid is more if you earn less money from employment... do they understand how incentives work??? -- Germany (and the EU) should have realized that China would steal their IP and use it against them. The only politician who voiced this was Trump. Those like Merkel pretended it wasn't true because they wanted to support "free trade" and globalization while China never played by the rules. Now German auto reaps what it sowed thanks to naive EU leaders like Merkel, Lagarde, etc @Spekulatius I'm not sure Turkish immigrants have integrated as well in Germany as minorities in the USA. I think Turkish immigrants are less assimilated than U.S. immigrant populations which you find employed throughout from the board to the CEO down to lower level workers en masse at U.S. firms. There are few examples I can think of with Turkish immigrants in Germany (BioNtech). https://www.reuters.com/world/europe/german-police-clear-protest-site-tesla-gigafactory-2024-11-19/ Too many crazy ideological protestors who have no idea what they are doing in Europe and who the politicians often bend over backward to please. Greta is just one of them

@Baklava the problem does not seem to be limited just to 1M migrants who came in during Merkel: https://www.wsj.com/world/europe/germany-immigration-struggles-election-8dfd4b65 For a country of ~80M, these numbers are quite significant. What's worse is that unlike the U.S., Germany has not been very good at assimilating its immigrants who have high unemployment and depend on State welfare. This is absolute insanity !!! : Good luck electing "more moderate politicians" who continue this status quo "Show me the incentives and I will show you the outcome"

A majority of cars (>50%) sold in China are now EVs. German carmakers suck at the EV game? Well guess what other major region wants to ban ICE cars by 2035 (just 10 years away)? That's right, the EU. If German carmakers want to survive, they'd better invest in "not sucking" at the EV game. Re: the migrants. Germany (like the UK) is systemically set up where its policies for migrants makes absolutely zero sense. They suck at deporting the convicted criminals and they suck at assimilating. Unlike the USA, the UK and Germany (I would add France & Italy) have very poor track records in assimilating their migrants. Their migrants largely live in isolated neighborhoods that are homogenous and interact primarily with each other. The U.S. is more of a melting pot than any European country, despite the supposed "very liberal" values of Europe. The social welfare programs, as you note, and "nonprofits", "liberals" in general do more harm by getting migrants to be dependent on handouts from the State.

Love how you say “there is no solution to these problems” when the solutions have already been proposed: — rebuild nuclear power — battery storage for variable wind/solar energy — removing regulatory barriers so euro industry can actually compete against chinese industry (which is powered by coal) — control immigration Some of the obvious solutions

I wonder what it must be like living the life of a Brussels bureaucrat… You get to work on your bike, put on your lanyard, and collaborate with your colleagues on typing up the next piece of regulation that will “save the world”. You’re out of the office by 4 in time for squash with the boys. Basically living the life of a college student with more pay and authority.

Another ground-breaking innovation from the deep minds in Brussels

Yep. Quantum computing is an existential threat to bitcoin, all of crypto. Also, there is more gold in our solar system that is not on earth, but other planets & asteroids. There are lots of tail risks in these supposed “store of value” investments that none of their dogmatic proponents want to discuss.

https://apnews.com/article/germany-election-musk-far-right-afd-welt-915cc6821cd48c3168a7895b1d1c1a35 I remember when journalists were ardent defenders of free speech. Guess no more

Someone explain what's so extremist in Elon's op ed. The AfD manifesto shared here, I've skimmed some of it and it doesn't sound crazy but maybe someone can enlighten me:

The bottom line is that the supply-demand picture for crude oil does not look bullish to me. The China EV story is one I seldom hear discussed by those focused on "energy investing", probably due to incentives

Yeah. Pretty ridiculous argument to think grid power come from crude oil. Even in the U.S. it doesn't--it's cheap cheap (and cleaner) nat gas. Not to mention EVs are more efficient than internal combustion engines where a lot of energy is lost to heat and vibrations. The Chinese are very smartly decoupling their economy from oil. This makes total sense for them because their needing to import vast quantities of oil is one of their core geopolitical vulnerabilities

Imagine what happens when a country like China replaces a good chunk of transportation with EVs... The EU is planning this too...

Everyone who wants to buy Bitcoin now can. ETFs galore. People can now put their retirements in it. All the prospective capital that was waiting for an easy way in is now in. I'm of the view that this is bearish (not bullish) believe it or not...but then again, I have no real skin in the game. Anyway, I'm out and I tire of arguing with crypto guys because crypto can do no wrong and all criticism is considered heresy. Happy New Year !

According to its proponents, Bitcoin is like no other asset: the higher the price goes, the lower the risk goes. Wow ! Imagine replacing "bitcoin" with any other stock/asset and using this logic.

This is just a function of more people putting their capital in Bitcoin. It has zero to do with people actually transacting/using it for legitimate transactions (unless you want to count illegal activities and money laundering as legitimate)

Ah yes, the ever elusive "network adoption"

He seems like a good guy to be friends with and his charitable work much more effective than > 99% of nonprofits. I can see why Munger was friends with him. I think that the gripe people have is solely investment related and his promotional way of going about it

Okay.

Well then I hope it's covered by others who seek power. The thing that worries me about Merz/CDU is that he doesn't seem to understand Keynes and is an austerity guy I also worry that if you keep electing moderate parties, you continue with the "status quo" meaning yielding authority to the European Commission, you continue to deny Eurobonds, you continue to let the environmentalists run the show, etc etc. I think Germany may need a stronger dose of medicine to change from the path it's on...

If making 50% a year is conservative, especially for a $2 Trillion market cap asset, these guys should hit the Forbes billionaire list real soon

There are real extremists in both the Republican and Democratic parties in the U.S. It doesn't mean either party should be labeled far-right or far-left. Nor should the past really matter. What should matter is what is the party's platform today. There are certainly times when the part moves too far to the left or right (as many would say U.S. democrats have) and they get punished accordingly.

The problem is that I think that what people are calling “far-right” in German politics seems to me to be the following: — Restarting nuclear power plants — Using some fossil fuels for power — Having borders where refugees/etc are not automatically accepted into the country — Challenging the authority of the European Commission, with a bias towards sovereign states (whose leaders are actually democratically chosen) — Taking a stand for your own nation’s industrial/economic base — Not endlessly supporting Ukraine These things above I think are sensible and not at all “far-right”.

Please list the policies in English that the party embraces today that you consider “far right”. As far as virulent racists, the Republican party in the U.S. has some of that too. That doesn’t mean you dismiss the entire party as racist, Nazi etc. Same with Democrats who have radical communists in their ranks.

Yep, I was right: detached from reality.