Success is a lousy teacher.
Introducing the Investing Is Hard podcast to look at what goes wrong in investing—frauds, bankruptcies, fads, bad luck etc.
Short 20-30 min episodes.
Ep. 1 is on the collapse of $DUB.AX
Thanks to @atelicinvest for the idea
https://t.co/RUxXMnCOkc
If you’re pro public utility companies being a beacon of innovation, reliability, and efficiency you have entered the wrong thread…..
Is there an alternative market you can shop rates/service, do they tell you the rate before you use the product, what are the downsides to a more open market still regulated by a state commission when it comes to public utilities?
Some are regulated by rate of return caps or general rate caps. Some are not. If they have a monopoly on a service, I’d hope it was regulated heavily. Some are subject to the state public utilities commission. Some are not. You and I both know that not for profit and nonprofit mean different things and that neither are know for lean and effective operation.
If profit is not the motive or driving factor behind the industry yet increases in employee compensation and benefits have risen dramatically, while innovation and reliability have declined, what is their driving motivation?
Imagine you run a business that has a monopoly on the product in your area, gets massive subsidies from the government, can virtually charge whatever you want along with account fees, make zero improvements to your product over the last half century as you watch it decay, and suffer no loss in your business when your product completely fails thousands of customers multiple times a month. Oh wait that’s just your local power company…. #FixTheGrid
Elon’s stance is principled.
Trump’s stance is practical.
Tech needs Republicans for the present.
Republicans need Tech for the future.
Drop the tax cuts, cut some pork, get the bill through.
Buy now, pay later app Klarna has said its net loss for the first three months of 2025 totaled $99 million, significantly worse than the $47 million loss it reported a year ago, due to unpaid bills by users.