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the break even on automation changes with labor costs. in India it is cheaper to have someone cut grass with a mechanical mower than it it to buy a gas powered lawnmower. in the US it’s much cheaper relatively to buy a riding mower.

I don’t know what that means.

The wealth that was tossed around was incredible back in the late 1990s. How many of those billionaires sold businesses that had no revenue or profit generation model? FB generated 90 billion dollars last year and 30 billion of profit and its growing at a 20percent rate.

Republicans outraged by the proposed 2percent tax on families with assets in excess of 50MM until they realized Trump wouldn’t qualify.

I think it will lead to more offshoring and automation. As such labor wage volatility (caused by a strong economy) combined with health insurance volatility (market structure) makes the capital investment of automation much more appealing than it did even 10 years ago. 10 years ago we dismissed...

me. I employ about 200 people in the 13-25 dollar wage group.

???? Christianity is the most religion religion out there. Most of major religions before it didn’t push conversion. Many of them pushed philosophies with deep meaning instead of a book we are asked to take literally.

Still you should just put all your money in.

Or buy as much as you can when you can and not worry about timing the market or averaging in.

mass was a lot more rational. Virtually everyone is hybrid except 2nd graders and younger who need the touch support as they learn to read, etc. While there was an uptick in infections in December, it was nowhere near 20percent in our district - I think 4 staff tested positive and they were at...

I live in Mass and there have been no Covid breakouts in my kids’ school. They essentially went remote The Whole month of December but didn’t go remote after February break. Some classes go remote if a student in that class tests positive but there have only been a handful of those in the...

That’s pretty cool.

Maybe Trump asked Russia to hack into Gab.

did OAN teach you the word “narrative?”

As an owner of a manufacturing business, I feel the same way. Once trump was silenced, the message about Covid in our own company changed. I assume your experience with this is watching opinion programs on OAN.

he donated to Hillary but didn’t comment on trump other than to say “we’ll do fine regardless of who wins.” he’s doing exactly what you conservatives want businesses to do: stay out of politics (unless they are overtly Christian or pro trumpian politics).

agreed, the cost of convexity is high (especially in the vix). how do you hedge your short vol?

you think the 3-7months of the vix are fair at 29? I don’t follow why you and him are in favor of shorting the vix but not doing it through puts.

The whole term is at 29 and prior to this week we were sliding 3-5 points in 30 days to 22. I think the probability of vix being at 15 and the whole term following is higher than vix remaining at 22 or 30. my macro view is that Covid is over and markets will not see a material sell off other...

??? buying a put is like shorting the future.