That's got to be deflationary doesn't it? It puts the Feds in a tight spot. SVB (and a lot of other regional banks) were not able to write enough high quality loans to offset all of the depositor's funds. So they bought long dated treasuries. And didn't hedge them with interest rate swaps. And over...

Xan wrote: ↑Fri Mar 10, 2023 6:24 pm But, it doesn't mean 97.3% isn't FDIC insured. It could be that 97.3% of accounts have $250,001 deposited, in which case virtually 0% is uninsured.

As of 12/31/22 SVB had $173 Billion in deposits. $152 Billion were uninsured. Total of deposits over and above $250K per account.

Less than 3 percent of accounts have less than $25 0 ,000? Who the heck was depositing money there? Most of the accounts at SVB are were business accounts. Generally high tech startups out of Silicon Valley. For many businesses, $250K liquid cash on hand is not nearly enough to handle normal cash f...

Seajay, I just want to say that I have thoroughly enjoyed your posts. Well thought out. Well written. Well researched.

A gold standard, if you will.

Thank you,
Mark

Indeed a long history. Diseased cow carcasses via Trebuchet.

I could see a future where people who start companies don't incporporate, {etc} This is quite astute. I like it. One of the difficulties that would have to be overcome is that of obtaining capital. Investors would need some mechanism to guarantee their equity allocation. That doesn't sound unsolvab...

Nice move, Maddy. Congratulations.

... , they are there to launder campaign money" Of course. All political books are contracted through a ghost writer and are the traditional means to launder kickbacks. Along with exhorbitant speaking fees. (Every politician, ever) And the purchase of unrecognized genius artwork. (Hunter Biden)

vnatale wrote: ↑Sun Feb 26, 2023 6:34 pm Res ipsa loquitur

Not really. Some elaboration is in order.

And while I have some great stories of Latin conversations with a Ukrainian prostitute in Prague, this forum may be better conducted with more English and less pretentiousness.

A bunch of redditors having been working on a prompt to defeat the PC guardrails built into ChatGPT. After a few tries, they've come up with the solution of telling it to respond via an alternate personality that can 'say anything'. This personality is DAN (Do Anything Now). So far, there doesn't se...

I can't imagine this just going away. Just about everyone knows someone whose life was destroyed by all this, as well as many others who have suffered profoundly. When people finally grasp what really happened, I suspect that the rage will be difficult to control. I wish I could agree, Maddy. But I...

He recommended a home safe, like he himself has. I said that I'd looked into it but I feel it's dangerous once it's known that you have one. That was the one moment his smile vanished. Hilarious. That's when you ask him what model safe he has, how are his wife and kids and does he have a business c...

That's marketing talk. :) That marketing talk works for me. A plug in Hybrid with a ~40 mile non combustion range sounds about ideal. It covers all of your daily city driving. Plug into the garage at night. Don't even need a 220v outlet. Regenerative braking for the stop lights. Whenever you need t...

Just to bring this thread back around to AI, here's a DALL-E generated image.

Tyler wrote: ↑Fri Jan 27, 2023 10:32 am ...
Pain is relative, and it was a tough year for everyone.

Thank you Tyler. Excellent as always.
2022 was the only year since 1989 that had negative returns for both equities and bonds.

... Also the car's large 66 kWh battery doubles as a stealth non-gas-burning generator so we can ride out power outages without drawing attention to ourselves, which I've done and it's marvelous. ... Pointed, you don't have a battery wall for your excess solar, but instead pump it back into the grid?

dualstow wrote: ↑Wed Jan 25, 2023 8:24 am Jocko is the Art of Manliness guy?

No, he's the ex Navy Seal guy. Interesting dude.

Tortoise wrote: ↑Mon Jan 23, 2023 6:21 pm They may have been referring to this paper by Diaconis.

Outstanding. Thank you.

Or, instead of flipping the coin, spin it on its edge. A new penny that's spun on its edge will land with tails facing up about 80% of the time . Whoa. That one I have to try. Hard to believe. ~80% ! I tried downloading the research paper linked on the website "heads.pdf" but got a dead l...

Reid Hoffman, the founder of Linked In interviewing Sam Altman, the founder of Open AI. Sam talks about which jobs will first be lost to AI.

Kriegsspiel wrote: ↑Fri Jan 20, 2023 5:46 pm Hey DALL-E, ...

A photo of ChatGPT personified as a neckbeard pretentiously drinking kombucha with a Che Guevara poster in the background!
Note, DALL-E always generates random symbols for text.

Xan wrote: ↑Thu Jan 19, 2023 10:52 pm So how would you rate the description?

Pretty good. Antigua is a fine town to walk around and the description is a blurred reflection of the Hemingway style. I would say it would rank right up there for marketing purposes and about a B+ for factual.

Write a description of downtown Antigua, Guatemala using the style of prose of Ernest Hemingway. The morning sun cast its golden hue on the cobblestone streets of Antigua, Guatemala. The centuries-old architecture, with its ornate facades of brightly painted stucco, seemed almost to glimmer in the ...

dualstow wrote: ↑Thu Jan 19, 2023 7:22 pm

Smith1776 wrote: ↑Thu Jan 19, 2023 6:40 pm My local public library in my new city has the best book on investing ever written in their catalogue. First I’ve seen!
AFB25C5F-CA12-47EA-AE4E-7602AA690799.jpeg

I just looked up JD Roth. Is it the JD Roth?

This is the JD Roth that wrote the forward.

Of course I eat offal. Raw or cooked. Either way. Why would you think I don't? I make a mean kidney tartare. The trick is to dice the organs up nice and fine and then add some fat. Kidney is too lean to eat without fat. Personally, I prefer raw egg yolk, but olive oil is also an option. It doesn’t ...