@RossTuckerNFL My great uncle Steve Meilinger drafted 8th overall in 1954, may or may not have had $1,800 counted off by a Kentucky coach in a hotel to sway him.
@TechLayoffLover When you are a VP (or what a company considers executive) you generally sign a severance agreement that states what you’ll receive if involuntary separated without cause (role elimination, ownership change, etc.). May still negotiate some factors still, but they have $$ secured.
@FinallyFoolin@GrahamStephan Not an expert! Exploring possibilities is great, I agree. Many policies however benefit incumbents, and we should consider who wins/loses before an irreversible change.
Would love to hear how this policy bring more inventory w/o making it less affordable for new buyers.
@FinallyFoolin@GrahamStephan Agree inventory is an issue, but wouldn't a first principles approach just be to build more housing? Austin is a great example.
Portability may unlock some cheaper housing at first after people upgrade, but long-term? Thoughts on the unintended consequences I mentioned?
@GrahamStephan@FinallyFoolin Also this would be another unnatural force to maintain high housing prices. Incumbents will be able to bid higher on homes because they have a lower rate, when otherwise a higher rate environment would theoretically keep prices in check (supply/demand constant) ?
@GrahamStephan@FinallyFoolin Won’t the loser here be new buyers who will be charged higher interest rates. Portability increases the duration of the loan and a bank’s interest rate risk sensitivity. Good on paper, but another policy that hurts younger people and helps incumbents.
A few thoughts on Robinhoods tokens.
I think it's a good thing to put pressure on these massive private companies to go public, here's why:
- They rely heavily on the US consumer, but are not giving the US consumer any way to benefit from their growth
- They are structurally important to the US economy, but they avoid regulatory oversight by remaining private. Private companies are not required to disclose their financials, conflicts of interest, etc. It's healthy to have very large companies have greater oversight
- It is deeply fundamentally unfair to give a special class of investors like Marc Andreessen, Peter Thiel, Brad Gerstner, Reid Hoffman, and all the Y-Combinator bros continual access to these amazing companies and leave everyone else out, this furthers wealth inequality to exclude all but a few from being able to participate
I don't plan on buying any of these Robinhood tokens, but I hope they're successful in pushing these companies to become public faster than they are.
Reality: This will result in less revenue for the government, punish all bettors, and fatten the earnings of DK and Fanduel by forcing sharp bettors out of the market. Corrupt organization.
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