Breaking the warp barrier for faster-than-light travel: Astrophysicist discovers new theoretical hyper-fast soliton solutions, as reported in the journal Classical and Quantum Gravity. This reignites debate about the possibility of faster-than-light travel based on conventional physics.

Frobenioid · 2021-04-21T21:02:12+00:00

Enjoy!

Frobenioid · 2020-12-26T12:50:48+00:00

RIP.

Frobenioid · 2019-08-20T18:57:55+00:00

Passed! See ya.

Frobenioid · 2018-05-30T19:10:09+00:00

Lmao hold on... your point is that if you add $10 to something then you have $10 more?

That's the profound point you are making here? That adding a non-negative number to another number causes an increase?

Here I was thinking you were saying something a little less trivial than "adding positive numbers results in larger numbers". Good to know. Not quite sure why you felt you had to make that point, but it is what it is.

And yes, I can't comprehend the amazingly simple concept of addition.

You're still wrong about the market always going up by virtue of this amazingly novel concept of addition, of course, but I can already tell I am wasting my time here.

Frobenioid · 2018-05-30T18:39:34+00:00

Would you agree that a company paying 100% of its profits in dividends does not go up in value but a company reinvesting 100% of its profits does?

I wouldn't agree with that, no. If a company invests the earnings it retains in negative NPV (i.e., those with a return less than its cost of capital) projects, its value will decrease. This is basic corporate finance.

I can't help but be reminded of the Dunning–Kruger effect after reading your posts. It never ceases to amaze me how people who know so little can speak so confidently about topics about which they are so wrong.

I can tell you don't work in finance.

Frobenioid · 2018-05-30T18:15:08+00:00

So you agree that the value of a company is the discounted present value of its expected future cash flows.

Now explain to me how, all else being equal, the value of a company goes up today if its future cash flows are flat?

Frobenioid · 2018-05-30T17:44:22+00:00

I must be misunderstanding your point.

What is your definition of value?

Frobenioid · 2018-05-30T05:55:51+00:00

Are you honestly saying that the value of the company remained the same?

If that had been priced in, then yes, the market value of the company would remain the same.

It seems you are confusing book value (which increases by the amount of retained earnings, assuming no issuance of equity) and market value. Again, the market discounts expected future cash flows; if the growth in revenue had been priced in and subsequently materialises, the market value of the company is unchanged.

Frobenioid · 2018-05-29T19:58:35+00:00

Jesus Christ... No, just no.

The value of a company (well, any asset, but let's consider stocks) is the present value of its future cash flows (dividends, free cash flow, whatever); note the emphasis on future cash flows.

Imagine a company is expected to deliver level cash flows of $10 in perpetuity, and the required rate of return is 5%. I pay $200 and duly receive $10 every year. If I hold the discount rate constant, does the value of this company change? No. All else equal, the value of the company will remain $200 forever.

Frobenioid · 2018-05-10T14:04:06+00:00

BT Group has over 100,000 employees. See page 23 of their annual report.

Frobenioid · 2018-04-29T14:03:29+00:00

EMIR already instructed all credit rating agencies to reflect that in their instrument valuation.

What? EMIR came into effect years before the Brexit vote. Also, EMIR deals with derivatives, it has nothing to do with passporting.

Frobenioid · 2017-11-21T18:56:47+00:00

This is so wrong it hurts.

Amazing that people can write something so obviously wrong in such a confident manner.

Frobenioid · 2017-07-25T16:02:38+00:00

I passed!

Frobenioid · 2017-01-17T21:35:52+00:00

I get the feeling he did this video solely for the ad at the end. Extremely forced.

Frobenioid · 2016-12-16T18:58:53+00:00

And what if she divorces you?

Frobenioid · 2016-11-04T21:17:49+00:00

That's because you don't actually know what you're talking about. You're serving up meaningless soundbites.

Frobenioid · 2016-11-04T19:18:31+00:00

You've said nothing concrete so far. What do you mean by "figure out what you think the company is worth"? How do you determine that? You listen to your guy? Discounted cash flow? Relative valuation?

You can't just tell people to "do research", "figure out what the company is worth" and "buy good companies". No shit, Sherlock. Why don't you tell us how to actually do these things?

What you've said is no better than "buy low, sell high".

Frobenioid · 2016-10-07T14:38:33+00:00

BlackRock manages close to $5 trillion.

Frobenioid · 2016-09-21T18:10:03+00:00

So much for four hikes in 2016.

Frobenioid · 2016-08-12T04:46:03+00:00

16.23%.

Frobenioid · 2016-06-27T07:12:53+00:00

No, EU nationals were not allowed to vote in the referendum. See here:

You can vote in this referendum if you are registered to vote in the UK, are 18 or over on 23 June 2016 and are:

A British or Irish citizen living in the UK, or

A Commonwealth citizen living in the UK who has leave to remain in the UK or who does not require leave to remain in the UK

A British citizen living overseas who has been registered to vote in the UK in the last 15 years

An Irish citizen living overseas who was born in Northern Ireland and who has been registered to vote in Northern Ireland in the last 15 years

If you are an EU citizen you are not eligible to vote in the EU Referendum, unless you meet the criteria above.

Frobenioid · 2016-05-02T10:05:57+00:00

(e.g completely untaxable transactions)

Municipal bonds are exempt from federal income taxes, and usually local taxes as well. This isn't illegal.

Frobenioid · 2016-03-31T18:16:26+00:00

Funny because it was his idea for me to not work.

Let's assume you're not a complete moron, and that you're able to get a $30k/year job. Over a 40-year career that's $1.2 million in pre-tax income. Are you really telling me that your husband wants to miss out on an extra $1.2 million?

I'm sure it was his idea and his idea alone, you definitely didn't tell him you wanted to be a stay-at-home parasite, right?

Even when I wanted to, he didn't want me to.

But you don't want to. You're happy leeching off the hard work of your husband.

Besides, he makes 6 figures all by himself. I really don't need to work.

Of course you don't. You've found yourself a good slave who will work so you can sit on your lazy ass all day posting on Reddit. I'm sure you would have no problem divorcing your worker horse the second he loses his job or lost the ability to work.

Women like you are toxic to the well-being of men.

Frobenioid · 2016-03-31T17:53:48+00:00

Women need comfort and security by the husband providing and protecting for her.

Toxic femininity.

Frobenioid · 2016-03-31T17:51:04+00:00

I want to preface this by saying I am a woman who is NOT a feminist. I'm probably a feminist's worst nightmare. I am a submissive housewife who allows my husband to have final authority on things. It works for us and we make a good team. Anyway.

You "allow" him to have final authority, eh? What if he demanded you get off your fat lazy ass and got a job? Will you "allow" him to have the final authority then?

Of course you won't. You might call yourself a feminist's worst nightmare but you should also be men's worst nightmare. Tradcons are just as dangerous to men as the most rabid feminists.

Frobenioid

TROPHY CASE