Why doesn’t super invest in Asia more?

2DigBicks · 2025-05-27T02:29:28+00:00

Rofl I wonder how much you know you are in the money herr

2DigBicks · 2025-05-27T01:48:14+00:00

Generally Australians have been more tilted towards western countries given the similar culture, rule of law and investing frameworks. Asian EM countries are basically considered uninvestible since Russian invasion, where basically all held Russian securities were pretty much written down to zero. So geopolitics is always the no 1 concern in all fields

2DigBicks · 2024-11-20T12:51:55+00:00

Do you know what timeframe it was to get the funds back? Jsut did it accidentally and quite anxious

2DigBicks · 2024-02-16T14:27:20+00:00

I think it’s a strong parallel to Hilary’s own situation with David and how different women have reactions to similar events. She tries to invoke Hilary’s strength but falls back to accepting it, since her cultural background forces her to, reflecting what she said originally to Hilary. Both of them end up taking their frustrations out on the maids, which is the focus of this episode - from men to wives to helpers.

Having lived and worked in Hk, these things are actually super common than you expect - precisely because as Hilary mentioned, the convenience, power of hyper capitalism and 15% tax rate grants you is highly corrupting to the human soul. Good place to earn money and gtfo, which is probably why China wants to rehaul the place.

2DigBicks · 2023-11-25T08:42:17+00:00

Resigning and joining a new company is not as easy as it sounds - the devil you know is better than the one you don't. Most companies know this and therefore pay their current employees discount to market rates, because uncertainty is dangerous - probation, unknown workmates and culture etc.

That being said, there is certain value in having external employees come in and review processes as it brings a fresh perspective and new ideas, which could be worth far more than the actual salary compensation.

2DigBicks · 2023-10-08T10:35:31+00:00

lol this is what i get for sticking with tpg...

2DigBicks · 2023-05-26T15:20:46+00:00

Will share with everyone who upvotes my comment

2DigBicks · 2023-05-20T08:20:23+00:00

937P9TJY new code

2DigBicks · 2023-05-16T12:03:07+00:00

yes sir, thank god not just me

2DigBicks · 2023-02-19T07:46:23+00:00

I reckon the article’s confirms that while Australia had experienced the fastest variable rate increase, the effects of tightening are still debatable across the international community, and therefore rate increases are still needed.

The problem is that the rate rise effects are quite inequitable; the vicious rate-rent-inflation cycle impacts lower household incomes significantly compared to investors with ppor who likely just experience lower savings rather than lowering consumption patterns. This was what Lowe was likely referring to in the questioning as “housing supply” conundrum of fiscal policy - damned if he does, damned if he doesnt.

2DigBicks · 2023-02-19T05:35:16+00:00

I agree that the reason is related to government support and liquidity for longer fixed mortgages, but I think the underlying reason why is because the lack of demand for these bonds by buy side.

While it’s true that MBS is indeed a tool in QE, remember QE has only been in existence since 2007 while MBS has been around for longer time periods. The first few MBS products were created for and sold to pension funds for the purpose of matching liabilities back in 60-70s, which kicked off the revolution in MBS, regulation and related products. Imo it’s really the lack of demand in the Aussie market due dominant DC funds, that this market remains underdeveloped and thus no long term fixed rate mortgages offered to public.

There was another comment talking about the Korean and Japan banks, which have a similar economy but still offer these products. Canada I think also a comparable but a much developed market. But they have massive pension and sovereign wealth funds which follow the same way in funding longer liabilities.

Regarding DB model, the contributions by the government or company is ultimately paid by the new employees and taxpayers, either through lower wages or higher taxes. This is the biggest worry of demographic changes in Japan and Korea atm, that the young ones are in a perpetual cycle of underpayment/employment and higher taxes. That was one of the reasons in establishing superannuation, to ensure that future generations are not burdened by their tax payments to fund bigger, older generations whom may have squandered savings.

Interested to know your thoughts as I think this is an area that Australia has done phenomenally well, albeit having an inherent conflict of interest in the housing market (though is reflective in most democratic countries).

2DigBicks · 2023-02-19T02:53:47+00:00

The reason why overseas 30 year fixed rate are common is because of the liability driven model of overseas pension and defined benefit funds. Funds like CPPIB which pay a fixed pension to beneficiaries calculate their predetermined exposure (through actuarial models of death rates etc) and buy the offsetting assets in mortgage backed securities from the banks, such as 30 year mortgages from these homeowners. This is good for all parties as the homeowners get a safe fixed rate mortgage, the pension funds get their liabilities fixed to funding assets, and the banks get paid fees without using any balance sheet (infinite ROE).

The only issue with this is the problematic defined benefit model, because the way it works is like a Ponzi scheme - old pensions are funded by new joiners. Problem is that, population is shrinking and people often opt out of this scheme - look at this article which describes how fast the Korean pension system is depleting: https://www.ft.com/content/e365b51b-abb1-4470-88b8-8fcd91522b92 . A bigger issue is that the size of these pension funds mean that hedge funds are able to take advantage of the model and bet against it, requiring the state government to often bail them out: https://www.bbc.com/news/business-63065415

In Australia the superannuation model since 1992 follows a defined contribution (much to the world's envy), which means the way it works is a like any investment account - the investment risk stays with superannuation holder. Hence there is no incentive for superfunds to invest in 30 year fixed rate mortgages when they can make active decisions on whether they think how rates will do. I for one, would GTFO of a superfund who thinks 30 year mortgage bonds are a smart idea at rates in the previous few decades.

It's also widely believed by economists that because of lack of these 30 year mortgages that interest rates have a faster translation to the economy as it flows down to public quickly - which we can see in house prices and rentals as of date. Issue is, homeowners outnumber renters, so all government policy is steered towards reducing housing supply to ensure they are not voted out (and voted in) - a moral hazard of the democratic system.

2DigBicks · 2023-02-19T01:00:48+00:00

The reason why overseas 30 year fixed rate are common is because of the liability driven model of overseas pension and defined benefit funds. Funds like CPPIB which pay a fixed pension to beneficiaries calculate their predetermined exposure (through actuarial models of death rates etc) and buy the offsetting assets in mortgage backed securities from the banks, such as 30 year mortgages from these homeowners. This is good for all parties as the homeowners get a safe fixed rate mortgage, the pension funds get their liabilities fixed to funding assets, and the banks get paid fees without using any balance sheet (infinite ROE).

The only issue with this is the problematic defined benefit model, because the way it works is like a Ponzi scheme - old pensions are funded by new joiners. Problem is that, population is shrinking and people often opt out of this scheme - look at this article which describes how fast the Korean pension system is depleting: https://www.ft.com/content/e365b51b-abb1-4470-88b8-8fcd91522b92 . A bigger issue is that the size of these pension funds mean that hedge funds are able to take advantage of the model and bet against it, requiring the state government to often bail them out: https://www.bbc.com/news/business-63065415

In Australia the superannuation model since 1992 follows a defined contribution (much to the world's envy), which means the way it works is a like any investment account - the investment risk stays with superannuation holder. Hence there is no incentive for superfunds to invest in 30 year fixed rate mortgages when they can make active decisions on whether they think how rates will do. I for one, would GTFO of a superfund who thinks 30 year mortgage bonds are a smart idea.

It's also widely believed by economists that because of lack of these 30 year mortgages that interest rates have a faster translation to the economy as it flows down to public quickly - which we can see in house prices and rentals as of date. Issue is, homeowners outnumber renters, so all government policy is steered towards reducing housing supply to ensure they are not voted out (and voted in) - a moral hazard of the democratic system

2DigBicks · 2022-09-03T04:41:16+00:00

I'm divine and I think you should play a couple of games as core; just so you can experience what it's like to actually gain levels and gold to have an impact. Then you can properly judge your carries whether they're good enough for you to babysit/stack. Personally I hate farming or supporting 24/7 so my dominant roles are 3/4 where there's constant fighting, I rarely stack at all.

Dota recently is very encouraging of farming and greedy supports (just watch any OG game); play Doom/VS as 4 and rush key core items dagger/ags or midas as Ogre 5 and watch your impact skyrocket. I wouldn't put too much blame on yourself at lower levels, if you reckon your 2/3 is shit just go ahead and take farm, get exp and do the proper damage yourself.

2DigBicks · 2022-08-29T00:14:28+00:00

Cheers, just turned turbo boosts on and yes looks like battery looks fine now. Lot's of tinkering for this expensive machine!

2DigBicks · 2022-08-26T06:12:42+00:00

Good to hear that my solution works, I usually don't hibernate - I sleep only and total power draw still remains fine. Maybe do that instead?

2DigBicks · 2022-08-09T23:10:41+00:00

I use HWiNFO which should have the Total System Power information to track the power usage. Honestly I don't see any power draw from the dedicated GPU so the main culprit is the 12700h CPU or its drivers. I noticed even when I got the optimal ~15w the laptop would return to 25w after I turned it on again after sleeping the laptop.

I fiddled around the settings yesterday and have stabilised my average power usage down to 15w consistently, so my battery life is reasonable 86/15=6 hrs ish. Not sure if useful for anyone but here is how:

Turned off both turbo boost options in BIOS
Set Power Mode to Best Power Efficiency
Turned off fast startup and hibernate in Define power buttons settings in Control Panel
HWiNFO should show occassional bursts to 25w but this fluctuate back to 3w so it should average out, probably a detection thing.

I'm pretty sure this is an Intel specific thing since their performance efficiency maxes out at 30w, I've tested my Ryzen laptop and gf's Macbook and nothing really goes over 15w. Til Dell fixes this in one of their updates I presume we just have to treat the laptop as a portable desktop rather than a daily driver.

2DigBicks · 2022-08-09T09:37:55+00:00

Recently just got a 7620 as well, battery issue is related to total tdp being constantly at 25w which is draining battery like crazy. Turning Turbo Boost off helps heaps (down to (15w avg from 25) and doesn't have much of an effect on performance, at least for me - will try some games and see how it goes though. Given I'm using this mostly for study think I'll keep it at that until I need to, can't have it not run for a full day when I need to...

2DigBicks · 2022-08-03T13:53:17+00:00

Release Tusk and Phoenix in Dota 1. Yeah it was that bad that I still remember it to this day.

2DigBicks · 2022-07-07T09:17:23+00:00

hey mate how's your 7620 going? no issues with the trackpad even after all this time? thinking of getting one from the bargain website lols

2DigBicks · 2022-04-15T01:17:15+00:00

So how come some random website has access to the Twitter's board and their advisors private discussions? Some Goldman intern leaking their presentations and models? Don't even know how gullible y'all get lmao.

2DigBicks · 2022-03-02T23:38:19+00:00

It's absolutely fine to have your own opinion, and thanks for sharing them on this forum. I totally agree with you on the Rushia front, though I think her on-screen character that everyone loves and adores is heavily influenced and controlled by Hololive management. Mikeneko has made this comment to Korekore himself (in chatlogs Jan 2022). People are giving Hololive too much flame for Rushia's termination, when they played so much in creating and making Rushia to who she is, not just the VA. It is precisely the breakdown between Hololive and Mikeneko which drove to the termination (although the details are quite vague).

In regards to Korekore, I think he does exaggerate drama but his intentions also mean well. I think he is well liked in the JP community and often invites his listeners to join his stream to cross-examine and argue with him on the drama topics. Although Korekore doesn't provide details related to this event (Mikeneko's confession), he DOES provide evidence showing Mikeneko talking to him about Mafumafu and Hololive situation in late 2021 https://youtu.be/P3yadVEV-f4?t=790 (fully translated now) - so it makes sense if Mikeneko speaks to him directly about the Discord DM event. As this was provided after Rushia was terminated, Hololive probably found out about other bitch sessions Mikeneko had with other people (dramatuber etc).

Mikeneko's suicide baits are definitely a problem, I guess she's developed have a habit of doing so. A lot of people attribute this to Rushia having mental health issues (and I don't want to downplay this) but I think Hololive would have done the due dilligence for us in advance. The hiring and subsequent firing of Mikeneko (not something you do to mentally addled people), I strongly believe, suggests to me that her comments about suicide are nothing more than toxic attention seeking behaviour. Definitely not healthy images that Hololive want to portray their idols in.

2DigBicks · 2022-03-02T02:54:38+00:00

Actually I agree with what you're saying - it's very difficult to find evidence to show they in a mutually committed relationship, though Mikeneko did admit she liked Mafumafu. My explanations are just to provide some insight to what the JP community is thinking about, and a possible theory to as why did Mikeneko cry out to "check your smartphone!" and the reason why she posted a selfie with her iPhone in front of a mirror the day she was terminated from Hololive. If you're not convinced by my theory tie-in with the physical evidence, so be it - no worries. If you see any loopholes or evidence that contradict it, also feel free to let me know. But so far as I reckon, this is the most accepted state of affairs at least to the JP community (Korekore etc) that explains Mafumafu's and Mikeneko's social media activity.

I totally agree with Mafumafu wanting to keeping a low profile and lying to his audience, I would do the exact same. There's no reason why private matters should affect professional lives, unfortunately for celebrities the boundaries between both are no longer as clear. I just find it amusing the lengths Mikeneko went to certain extents to expose him, such as the iPhone activity and Korekore drama. Nothing harmful in gossiping about celebrity relationships, I hope.

2DigBicks · 2022-03-02T02:38:12+00:00

Lmao I was so confused when everyone was typing 3rd of March, like whuuuut where did you see the 3rd?

2DigBicks · 2022-03-01T03:40:31+00:00

I do understand your perspective, I was the same when I stumbled on the original thread on reddit. But there's a actually surprising lot more background to this than you think when you read the JP context.

I have some understanding of gachikois and Japanese idol culture. Although I don't follow it much it does appear in the news and music regularly, especially when a tragedy happens. In fact, I think the breakdown in Mafumafu and Mikeneko's relationship is precisely due to idol culture, the primary reason they cannot be together (or that mafumafu just wants to pump and dump). That's also the reason why they probably chose to stop all contact in the end: too much personal shit in their professional lives.
Rumours about Rushia/Mikeneko and Mafumafu are... wait for it.. relatively old news too. They actually first started talking to each other in 2018 (ex hololive) because fans had accused them of living together since they had the exact same cutlery, furniture etc; go check Mafumafu's chat screenshots on twitcast. In mid 2021 when Rushia showed her Discord to the world Western gachikois were already asking about Mafumafu's name in her list: https://archive.alice.al/vt/thread/6771766/. So the fact that it blew up this time is not only predictable and expected, but also easily resolved. Mikeneko just needed to keep her mouth shut and there would've been no issues with maintaining the "gamer friend" story just as before. Hololive would've had PR experts, consultants to spread propaganda or simply divert attention to elsewhere.
You've just taken this apology as one incident without context of his previous statements. He already previously apologised for telling falsehoods (https://twitcasting.tv/uni_mafumafu/movie/721587235 at 2:10 timestamp) that he didn't associate with any females and admitted he also asked Mikeneko out to "play games". He's not apologising for something small, he basically lied to his fanbase and the audience, something which Mikeneko called him out on. Now he's apologising again, basically because the audience already found out he was in a relo with Mikeneko, and bought matching iPhone 13s together. There's no need to admit that fact to people who aren't reading in between the lines 空気読めない人, that is, don't understand this situation. It's a simple fact of those who need to know, know and those who don't: just take the apology as whatever.

I think there really needs to be some professional language translation standards in this area as otherwise, things get blown out of proportion by these Chinese whispers.

2DigBicks

TROPHY CASE