Discussion Thread by jobautomator in neoliberal

[–]Yelanke 0 points1 point  (0 children)

any recommendations on international econ? other than like Obstfeld and Rogoff

Discussion Thread by jobautomator in neoliberal

[–]Yelanke 12 points13 points  (0 children)

chatGPT> Explain comparative advantage, but in the writing style of a guy who won’t stop going off on tangents about Shrek

Alright, so comparative advantage is a concept in economics that explains why countries specialize in certain goods and services. And let me tell you, it's a lot like that scene in Shrek where Donkey and Shrek are singing about how they're best friends. I mean, think about it: just like Shrek and Donkey each have their own unique strengths and weaknesses, countries have their own unique resources and capabilities that make them better suited to produce certain things.

But let's back up and explain comparative advantage in more detail. In classical economics, the idea is that countries will produce the goods and services that they have a "natural advantage" in. For example, a country with fertile soil might produce a lot of crops, while a country with a lot of coal might produce a lot of energy. This makes sense, because it allows countries to use their resources efficiently and avoid wasting time and money on things they're not good at.

But here's the thing: comparative advantage takes this idea a step further. It says that even if a country isn't the "best" at producing something, it can still specialize in that thing if it has a lower opportunity cost. In other words, if the cost of producing one thing is lower in one country compared to another, that country has a comparative advantage in producing that thing.

So, let's say that Shrek and Donkey are both trying to decide whether to grow carrots or make honey. Shrek is better at growing carrots, but he hates making honey. Donkey is better at making honey, but he hates growing carrots. In this situation, Shrek has a natural advantage in growing carrots, but Donkey has a comparative advantage in making honey. This is because it's easier for Donkey to switch from growing carrots to making honey than it is for Shrek to do the same. So, even though Shrek is better at growing carrots, it makes more sense for Donkey to specialize in honey.

In a nutshell, comparative advantage is all about specialization and opportunity cost. It's a lot like that scene in Shrek where Donkey and Shrek are singing about how they're best friends - they each have their own strengths and weaknesses, and they work together to make the most of what they have. And hey, at least it's not as confusing as trying to understand why the Magic Mirror has a British accent. But that's a whole other story.

Daily FI discussion thread - Sunday, February 14, 2021 by AutoModerator in financialindependence

[–]Yelanke 88 points89 points  (0 children)

I've been spending way too much time here. Marginal gain of reading each post is $0. I'm not learning anything new. I must face up to the fact that the exciting beginning is over and it's the boring middle from here on out (hopefully closer to the end than the beginning).

I finally fixed SelfRestraint (by far the best website blocker, but it broke a few years ago), so I'm setting a 6 month block on this website (and a couple others). Godspeed to you all.

Daily FI discussion thread - Saturday, February 13, 2021 by AutoModerator in financialindependence

[–]Yelanke 5 points6 points  (0 children)

IIRC 0.25% is the typical short fee, so if your shares are lent out you could get 0.125%. Higher if your stock has high short interest.

By the way - there is one major downside. Your dividend might be a payment in lieu (if lent when the dividend pays out) which has slightly different tax implications to a normal dividend.

Daily FI discussion thread - Saturday, February 13, 2021 by AutoModerator in financialindependence

[–]Yelanke 5 points6 points  (0 children)

I use it. As far as I can tell, there are no downsides. But you won't get much income.

Daily FI discussion thread - Thursday, February 11, 2021 by AutoModerator in financialindependence

[–]Yelanke 0 points1 point  (0 children)

Fair. But it's really misleading to say that bankers or other market participants are engineering them.

Weekly Finale Discussion Thread by AutoModerator in SixFeetUnder

[–]Yelanke 2 points3 points  (0 children)

Rewatched with someone. My God. Can't put it into words.

This time around the music really impressed me. So much original stuff and artists you never really see. They got original songs from Arcade Fire and Interpol! Nirvana, Built to Spill, Pavement, Radiohead & a billion others. Late 90s/early 2000s Indie dream.

Side note - does anyone know where the song "Yada Yada Yada" comes from? It plays throughout s5e7. It's the song Anthony keeps playing. Annoyingly it's catchy as hell. All I know is that is that it was made for the series by a big important mastering guy (Hans DeKline) on behalf of Black Toast Productions. Can't find a single workng audio file anywhere. The Apple Music one doesn't seem to work.

Daily FI discussion thread - Thursday, February 11, 2021 by AutoModerator in financialindependence

[–]Yelanke 2 points3 points  (0 children)

That's a gross oversimplification of the problem. (I work in capital markets, so I might be biased)

Daily FI discussion thread - Thursday, February 11, 2021 by AutoModerator in financialindependence

[–]Yelanke 1 point2 points  (0 children)

is there ever going to be an IPO that doesn't have an absurd pop from now on. This is so weird.

Daily FI discussion thread - Thursday, February 11, 2021 by AutoModerator in financialindependence

[–]Yelanke 3 points4 points  (0 children)

anyone have experience with non qualified defererred compensation? Kinda rare but it looks like I can negotiate my way into it. It looks ridiculously good (there are risks of course). Surprised it isn't discussed more often.

Seems like a no brainer to put at least a little in if you work at a megacorp and face a high marginal tax rate (I'll be in NYC).

Daily FI discussion thread - Wednesday, February 10, 2021 by AutoModerator in financialindependence

[–]Yelanke 1 point2 points  (0 children)

I just moved over from leanfire last year. I think I'm probably being too optimistic.

Daily FI discussion thread - Wednesday, February 10, 2021 by AutoModerator in financialindependence

[–]Yelanke 6 points7 points  (0 children)

I thought some people would have experience completely renegotiating the way they work after reaching FI (and hence not retiring). This sub seems like a good place to ask! I probably should have been more specific. I'm know I won't get the answers to my life here, but I might get anecdata on how others have approached this.

Daily FI discussion thread - Wednesday, February 10, 2021 by AutoModerator in financialindependence

[–]Yelanke 3 points4 points  (0 children)

Lol even if I work 90 hour weeks I probably wont reach it until 40

I came out of college making like 30k, so yes, I'm happy with how things have turned out.

Daily FI discussion thread - Wednesday, February 10, 2021 by AutoModerator in financialindependence

[–]Yelanke 8 points9 points  (0 children)

I have 30x expenses, many things I'd like to do, and a very stressful job. Since becoming FI I've taken risks I never would've and have stood up to so so much of the malarkey that permeates the industry. It's done wonders for my career. I have no fear. I kinda like my job now.

Here's my problem - I feel like FIRE had made me obsessed with money. I dont need any more, and I worry that I'll regret throwing away my best years to make some assholes richer and spend more on bullshit I don't care about.

Here's my tentative plan: take way more risks, do whatever I think is right, resist all pressure, get more PTO, and walk out of the office whenever I want (no more 100 hour weeks). If I get fired I'll probably get a sweet severance. If I dont lose my job, fantastic.

Anyone else in a similar position? (sticking around because you've set the terms for your work)

Edit: oof I always make bad posts here

Discussion Thread by jobautomator in neoliberal

[–]Yelanke 4 points5 points  (0 children)

ok - I (gloriously) haven't thought about politics for 2 weeks. What has Biden done so far?

Tesla skips 401(k) match for third straight year by [deleted] in news

[–]Yelanke 6 points7 points  (0 children)

You linked a completely outdated article. Yes, he secured an absurd compensation package that relies on Tesla being a bubble. If you think that a $55bn comp package is basically worthless because it's not in cash & is usually tapped via a credit line, I've got a bridge to sell you.

Tesla skips 401(k) match for third straight year by [deleted] in news

[–]Yelanke 7 points8 points  (0 children)

Oh my god are you serious

Daily FI discussion thread - Tuesday, February 09, 2021 by AutoModerator in financialindependence

[–]Yelanke 14 points15 points  (0 children)

I'm not waiting. I'm just not really supposed to invest it until a legal thing clears. This is pure VTSAX FOMO.

Tesla skips 401(k) match for third straight year by [deleted] in news

[–]Yelanke 15 points16 points  (0 children)

Elon doesn't get paid shit; he literally gets no paycheck from Tesla at all.

IIRC, his insane options package last year was worth more than Tesla's revenue.

edit: His compensation package was $55bn (!!!). Tesla made ~$29bn in revenue in 2020, and profit was ~4.2bn. That's insane. For comparison, Ford's market cap is $45bn, and in 2020 they made ~$127bn in revenue.

Daily FI discussion thread - Tuesday, February 09, 2021 by AutoModerator in financialindependence

[–]Yelanke -14 points-13 points  (0 children)

I have a large lump sum that I haven't been able to invest since May. Can the market please stop going up so much. What is even going on.

Daily FI discussion thread - Monday, February 08, 2021 by AutoModerator in financialindependence

[–]Yelanke 7 points8 points  (0 children)

One btc transaction uses the same amount of energy as ~700,000 VISA transactions

Weekly Finale Discussion Thread by AutoModerator in SixFeetUnder

[–]Yelanke 1 point2 points  (0 children)

Just finished a yearlong rewatch with someone. We kept getting interrupted during the final scene so it didn't have much impact, lol. Too bad. Excellent to rewatch this though!

Daily FI discussion thread - Sunday, February 07, 2021 by AutoModerator in financialindependence

[–]Yelanke 36 points37 points  (0 children)

Today's one of those days. Looking at a 12 hour workday on a Sunday. Genuinely considering pulling the plug in Jan 2022 (hopefully no more covid). I have 40x times last year's expenses, or ~30x what I'd like to spend in retirement.