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Go look at the history of the Detroit automakers. The way this plays out if it gets that bad, is shareholders almost always get wiped out completely -- especially when the government needs to step in and save them. With the stroke of a Judge's pen, you'll get something like a new company...

Yes I do. I don’t own a dime of international. I’m quite well traveled… I have good reasons for my position. There’s nothing “perpetual” about it, it’s call survivorship bias, the market constant prunes out failing companies making way for better ones. It’s a thing.

"to slightly higher than pre-pandemic levels" -- This is noise. You can't conclude anything from this.

Short (6 months) or no recession, is my call. Just like the pandemic recession, this is just too grossly telegraphed, for it to be anything of consequence. Deep downturns are deep because people/governments don’t expect them, and thus didn’t prepare or react. All we will get here is another...

This. They have learned the lessons of their parents generation: the concept of loyalty doesn't exist for corporations, so they take a similar approach. Don’t pay me market rate? Another company offers more? They will be gone. They have their own backs, and don’t apologize to anyone for this.

Easy solution: 1. Abolish deductions for charity. 2. Abolish non-taxable status for charities and religious institutions. Pay your own way for your pet projects/beliefs. 3. Tax capitals gains — including homes, and any taxable accounts. All capital gains should be taxed right? 4. Refundable...

This is political theater. The international student carve exemption is the big tell. Typically rich families send their kids over and they buy the homes — this can still be done. Allowing this is absurd. Why and how do “students” need multimillion dollar homes exactly? For a student, what...

+1, she is caving to her primitive instincts, which is in turn going to work against her by dramatically limiting her pool of potential partners. Not a good strategy IMO. Never mind physical attraction tends not to be the thing which keeps partners together for long periods of time… maybe...

Even dating, you need to find a single partner. Maybe two if one passes before you or you suffer a divorce. Given modern dating technologies, it’s never been easier to find a partner who is almost certainly already aware of your various physical attributes prior to even meeting. OP already...

I’d look at this through the lens of mental health. If you are depressed because of your height, then maybe consider it. For what it’s worth though… 99% of this is probably in your own head: I’ve never once thought anything negative towards a person’s height — nobody cares, people have too...

Laughable. Won’t happen: it’s political suicide.

There’s no real tricks here. The only modest tip I can give is sell in January, and this way you will have the entire fiscal year to benefit from a large market correction once you own the index funds. The best case scenario is something like this: 1.January - Sell company stock… say its $1m...

Why choose? I’m doing Hawaii and a place on the mainland. If I find I don’t get island fever, then I’ll jettison the mainland place eventually — perhaps get a 2nd place on a different island or upgrade to a larger residence.

I'll have to save this pic to show my GF. I don't think she can say I go overboard when packing for trips anymore after seeing this. :D

Except that Dogecoin isn’t really investing. It’s more like knowingly participating in Bernie Madoff’s fund and playing chicken with your fellow holders of the fund. If you aren’t one of the last ones out you do amazing, otherwise …. probably won’t end well. Ultimately indexers make waaaay...

The vaccination site at USC Bakersfield has been accepting walk-ins for the last week of all ages, and any county. I went on the weekend, and it wasn’t super busy at all, I was in and out within 30min including the observation time of 15min. Felt very liberating, COVID anxiety/tension reduced...

Can’t you just offer to adjust or repair the sprinkler to limit it’s throw? Usually a trivial adjustment. Otherwise hedges or a fence might work. For the cat... just leave well enough alone. If you really feel strongly, get a motion activated sprinkler, as cats hate water. Keep the pressure...

Enough - 2x minimum expenses. Absolutely enough - 2x “living in comfort” expenses.

I've had no problems, online or otherwise. If you are in the 7 figure club, you can also get automatically routed to their "Pinnacle" staff (you should get an invite in the mail after you cross $1-1.5M in assets) if you call from the number your account is registered with, I don't think I've...

Here's my take on this risk. I think if congress did tinker with LTCG rates, they move to a progressive system, where the more LTCG's you realized, the higher the taxation rate. Essentially what they've done with income taxes. My thinking here is they would find a solution which carves out a...

I was hired pre-IPO at a FAANG, they absolutely give you a price on pre-IPO RSUs. And they are RSUs not options... even a decade ago. The price is based on a number of factors including secondary markets and the last round of capital raising. Same goes with pre-IPO refreshers. None of his...

First rule of fight club... If you are good, the sky is the limit. The question isn’t if tech is paying too much, but why aren’t other companies paying more for top talent? Looking at you hedge funds. I’d you help a company make or save 10s of millions, it seems reasonable they’d kick back...

I think folks needs to put things in perspective, Starbucks, FANG companies are some of the most progressive companies in the world. But they are not perfect. While I think it's good mistakes are highlighted by news organizations which are doing their job in our society, as a citizenry we need...

Before married folks pat themselves too much on the back, the reality is a bit more complex. Married folks tend to be higher income, and skew various other factors. Once you control for these things, there is just a very modest difference 4.5% between married & unmarried folks [1] . What...

You can count me among that stat. One of the paradoxes of wealth is that it makes the idea of marriage very unappealing, unless my future partner had similar wealth or maybe if a water tight prenup was in place. Even things like children, I can do that solo (egg donor + surrogate + nanny) at...