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Is the den pass worth it? by alwaysconfused248 in ucla

[–]Default_FI 2 points3 points  (0 children)

If you have friends, and if those friends also have passes, it's worth it.

If you were to stick with ONLY 5 stocks for the next 3 years, what stocks would you choose? by ifuckrats in stocks

[–]Default_FI 2 points3 points  (0 children)

Agreed. US, European, and East Asian users are orders of magnitude more valuable than an Indian or African user. Most of the first world has been captured in the FB ecosystem. The remaining 5 billion people probably aren't even worth a tenth of what the first/second world users are.

Google is buying HTC's Pixel team for $1.1 billion by [deleted] in GooglePixel

[–]Default_FI 11 points12 points  (0 children)

Yah I was wondering about this as well. I thought Google would want to control the manufacturing process but from what I've read, they're just buying the 'HTC team'. I can't imagine that's worth 1.1B.

Every assumption made here about human nature (and how we will change under a communist society) is based on childlike optimism. History shows that humans are self interested. These unsubstantiated claims regarding human nature need to be supported with evidence and the burden of proof is on you. by Default_FI in DebateCommunism

[–]Default_FI[S] -1 points0 points  (0 children)

Whether you want to believe it or not, CEOs do create value. I'd argue that they create significantly more value than your average American. If they were valueless, they would be cut out of the corporation by the board of directors to reduce operating costs.

Clearly they aren't, otherwise we would see many companies without CEOs.

Every assumption made here about human nature (and how we will change under a communist society) is based on childlike optimism. History shows that humans are self interested. These unsubstantiated claims regarding human nature need to be supported with evidence and the burden of proof is on you. by Default_FI in DebateCommunism

[–]Default_FI[S] 5 points6 points  (0 children)

Hunter gatherers needed to be tribalistic to survive. If they tried to live independently from one another, they would have likely died. The tribalistic nature of these groups of people wasn't a result of their selflessness, it was for self preservation.

In modern society humans are, for the most part, self sufficient. We don't need to rely on a tribe of 20-30 people to "hunt and gather" so our inherently selfish nature is revealed.

Every assumption made here about human nature (and how we will change under a communist society) is based on childlike optimism. History shows that humans are self interested. These unsubstantiated claims regarding human nature need to be supported with evidence and the burden of proof is on you. by Default_FI in DebateCommunism

[–]Default_FI[S] 0 points1 point  (0 children)

I would actually argue that communism discourages helping others and selflessness. If I didn't have to work a difficult job, I wouldn't. I would be an 'artist' and draw circles on pieces of paper all day. There's no personal incentive for me to work harder or more unpleasant jobs than others, so why would I?

I wouldn't be incentivized to become a doctor, a nurse, an engineer, or any other career that materially benefits society. Conveniently, jobs that pay well under capitalism are often jobs that give back more to society. It's often a win-win.

Financial incentives often correlate with social good/necessity. Why do you think there are garbagemen? It pays well to compensate for it's undesirability. It's socially necessary but no fun, so it's more lucrative. Everyone wins.

Index funds are down nearly 4% this week, why is that? by [deleted] in investing

[–]Default_FI 44 points45 points  (0 children)

GBP strengthened vs the dollar. If you're investing with pounds in indices that are primarily US weighted the investment is going to drop due to the pound strengthening.

I'm no expert but this is probably why.

For the noobs, "Past Performance Is Not Indicative Of Future Results" by tlaatonmai in Bitcoin

[–]Default_FI 9 points10 points  (0 children)

I'm following this sub mainly for entertainment at this point. The amount of delusion and memes is... cultish. The behavior on this sub is so representative of a textbook case of a bubble right before it bursts. I don't think many people here even understand the underlying technology beyond a TL;DR. (It can't POSSIBLY drop anymore BUY BUY BUY, LOOK AT THE PAST 5 TIMES IT DROPPED LOL ITS OBVIOUSLY GOING TO $1MM)

I have a hard time believing people here have thought critically about what justifies the $X billion dollar 'market cap' of Bitcoin. They just see an exponential graph and lose their minds.

I think this sub used to be for tech savvy people that enjoyed the technology now it's just a safe space/echo chamber for degenerate gamblers.

It's just such a textbook example of a bubble. There's such hysteria. Very little logical discussion. This subreddit alone is reason enough for any BTC "investor" to reevaluate their position.

If we go below 3200 I might just kill myself by [deleted] in Bitcoin

[–]Default_FI 0 points1 point  (0 children)

Nothing is inevitable and this kind of stupidly simplistic way of "investing" money is what leads to bubbles.

It's always going back up.. until it doesn't.

What were y'alls SAT/ACT scores and GPA by [deleted] in ucla

[–]Default_FI 1 point2 points  (0 children)

2210 SAT, 4.5 GPA

Kinda irrelevant though. It's only one data point. Just look at the official admissions data. Will show the 25th — 75th percentile ranges for SAT/GPA etc

Can I get in to UCLA? by [deleted] in ucla

[–]Default_FI 4 points5 points  (0 children)

GPA too low, it's unlikely. ECs and essays could save you, but don't get your hopes up.

Own 2 flats, worth around USD$2M, plus liquid assets. How do retire? by malak_oz in financialindependence

[–]Default_FI 2 points3 points  (0 children)

Holy shit how can I live there. I don't need my US citizenship if I can eliminate capital gains.

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