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Or you could do exactly the same thing by buying the mutual funds that had the best recent performance. Hint, that's not actually a winning strategy, past performance not reflecting future results and all that.

Thanks for making my point. We don't make public policy based on vague unarticulated senses of unease. Using the above "logic" we should just as well ban the takeover of a company by anyone with an A in their last name because gosh, "I don't know what they're going to do with my sensitive and...

So if you had a good idea one of your employees is a pedophile but they just look at the kiddie porn in the privacy of their home and not at work, you would look the other way because wouldn't want to "police their private activities"? Certainly you need something to substantiate your actions...

What are you afraid the evil little Chinamen are going to do with your "sensitive and private information", exactly?

That's a very apt comparison. We can only hope if follows NYC's trajectory!

I've driven across the island a couple times and it was quite disheartening to see that every single house, even the nicest ones, seemed to require metal bars on every window strong enough to deter someone with a crow bar. I had friends stationed there and it was definitely a love it or hate it...

Can you actually read? If you had bothered to read your own posted link! you would have read an extensive explanation of the daily rebalancing impact that causes the 3x index to return something other than 3x over time. Again, when you can be bothered to read a prospectus, model the daily...

Actually unlike you I've read the prospectus, modeled the output, and compared the model to actual results. I've been investing in these things for some time. You've clearly done none of these things. When you have feel free to come back and we can have an intelligent conversation.

No, they don't. Again, it's basic math, throw it into an Excel spreadsheet with the daily return and some different paths and it will be apparently how it works.

As discussed ad nauseam in numerous posts, there is no "deterioration" in 3x or 2x or inverse funds. They return 300% or 200% or -100% of the daily returns of the index. That means that by simple mathematical fact a 3X fund will only return 3X the underlying index over a single day. Over...

He's done a hell of a lot more than you and I to change the world. I very specifically didn't say solve world hunger or peace or disease, Gates is doing a great job at that last one. But if we're throwing around terms like "worship" (pretty unfair BTW given the number of times I've specifically...

Elon's far past the need to make money and do easy stuff. That's how he made his money initially, now he can focus on stuff that changes the world, something we can all aspire to.

First off, it's not large compared to the size of Turkey's economy, even if it all happened in one year which is unlikely. Second, current account deficits are related to trade imbalance. You generally export more or import less to fix that, direct foreign investment is a pretty inefficient way...

Again I think you are misunderstanding how foreign reserves and direct foreign investment work. Qatar is saying they're going to (at some undefined point in time) "invest" $15B in Turkey. This could mean that they literally spend $15B to build the planned new canal (that coincidentally is about...

$15B in investment (over what time period) in a $850B/year economy isn't really going to move the needle, and has pretty much nothing to do with FX reserves. Foreign direct investment means Quatar builds another worthless bridge across the Dardanelles or the hated and equally worthless Kanal...

Actually the excess cost is well documented and stems directly from the fact that it's a lot more complicated to rendezvous in space with a manned station where people will die if you screw it up than to simply launch a satellite into LEO. It requires an entirely different level of design and...

You're right about pricing except...if you can do something cheap enough to allow you to do something else that wasn't possible before. For example, if you can launch a constellation of several thousand satellites into LEO to provide broadband at prices just below terrestrial broadband. At that...

Reusing twice is twice as much as anyone else in today's environment, why does SpaceX have to be literally 5X better than the existing plutocracy to meet your approval? Seems a bit of an unreasonable and arbitrary bar to insist on? They actually haven't received much funding vis-a-vis what...

There was a time when the financial center and most stable and prosperous nation in the Middle East was a little place called Lebanon. So stable and so prosperous that many of the top families were trapped there initially during the civil war because they were so certain that it couldn't happen...

WTF?