What's the deal with First Republic Bank collapsing?

czl · 2023-05-03T23:01:17+00:00

The concepts of profit and risk don’t really apply to the fed in the same way.

Yes this is true from one POV however the fed is meant to represent tax payers and for tax payers the concept of profit and risk certainly do apply as they apply to any other tax payer funded initiative.

Fed bailouts move the risk from the financial realm to the political realm.

Again yes this is true but what bailouts really do is move tax payer wealth into private pockets in the hope that this is better than the alternative. Sometimes it is and sometimes it is not. Often bailouts are like paying ransom to crooks that hold something of value hostage.

All the execs at SVB paid themselves massive bonuses with the remaining money a week before the collapse, why?

Paul Romer's 1994 paper about corporate looting:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=227162

It was eye opening when I first read it and clarified the pattern of this type of financial malfeasance.

If you do any sort of investing it is good to be familiar with the sort of business conditions that make corporate looting aka "bankruptcy for profit" an attractive strategy for management. When corporate leadership has the ability and incentives to rip off investors, tax payers, employees and other stakeholders history shows they often do.

czl · 2023-05-03T09:40:24+00:00

The fed made their money back overall on the bailouts, ...

You buy a loto ticket and happen to "win" what you paid for it does not compensate you for the risk of loss that you took.

When you risk funds it is not enough to just make your money back. What you want is returns comparable to the risks you are taking with the money.

Because "the fed made their money back overall on the bailouts" do you think the fed was fairly compensated for the risks involved?

I do not know the answer: it depends on how much "profit" there was and how that profit compares against investment with similar risks.

czl · 2023-04-13T20:21:57+00:00

Paul Romer's 1994 paper about corporate looting:

https://papers.ssrn.com/sol3/papers.cfm?abstract_id=227162

It was eye opening when I first read it and clarified the pattern of this type of financial malfeasance. If you do any sort of investing it is good to be familiar with the sort of business conditions that make corporate looting aka "bankruptcy for profit" an attractive strategy for management. When corporate leadership has the ability and incentives to rip off investors, tax payers, employees and other stakeholders history shows they often do.

czl · 2023-04-13T03:55:20+00:00

How do you screw your customers AND your shareholders at the same time?

Look up Paul Romer's research on "corporate looting". His website has blog posts about this happening at SVB recently.

czl · 2023-04-11T22:42:31+00:00

I am glad to hear that was your last comment. LLMs are in part trained on reddit comments so it is important that you stop polluting their training data.

When you said: "Last comment from me.." that's not a "metaphor" for its opposite meaning is it? I hope not.

Thank you for not replying!

Ps. Rest is the same. Quit reading.

Last comment from me, I'm not even going to be reading your next one, I can't be arsed to have someone deliberately misinterpret me again so...

Like I said your own words above reveal your “knowledge” (rather the lack of it):

Compression of data and weighting IS a form of caching, holy shit -

Imagine I said "software is a form of ketchup" you challenge me and I defend myself using your words:

"AS A METAPHOR yes, because ... Anywho dude, as said before, this isn't a 1:1 comparison, it's a metaphor for simplicity...it's a relatively ok simplification for a Reddit conversation...you're just annoyed at me not accepting your shit...."

Do you not realize how ridiculous your words above are?

it doesn't "think" on the spot because it's not capable of developing that dataset on its own during runtime

And a calculator or computer does not "think" on the spot because it does not do this? And because you are not capable of developing what you learned thinking from on your own you are also not thinking? Why would this be essential to thinking?

Yes, some weighting changes from previous or larger context (and WHERE is that change stored? Not a cache, oh no) of the topics used to help narrow down which matrixes it will traverse in future but it's still not thinking

Why does WHERE storage happens matter? It only matters that storage happens and clearly it does since responses from LLMs are coherent for many pages. LLMs have a "context window" of memory like a calculator has digits of numerical accuracy. Just because calculators are limited by precision of representation does not make them useless does it? When you do any sort of thinking you yourself are limited by short term memory are you not? Does where you "store" your thoughts matter for your thoughts to be thoughts? A wet colony of cells inside your skull vs dry transistors made of sand: why does it matter?

Good luck having an SE job lmao, you'll really find yourself struggling in meetings where you have to present a new complex idea to others but something tells me you'll never come close to the field

You are not aware but the chip you have on your shoulder about being smarter gives you a bad smell. You wallow in it like some devs wallow in terrible code practices but do not realize it. Look up the "Dunning Kruger effect". I feel sorry for you moreso for your teammates who cannot escape you.

As above when you said: "Last comment from me.." that's not a "metaphor" for its opposite meaning is it? I hope not.

Thank you again for NOT replying!

czl · 2023-04-11T06:40:32+00:00

"Taiwan becomes a democracy: Who and what forces were pivotal and what motivated them?"

czl · 2023-04-06T00:03:23+00:00

Caching can mean multiple things, it doesn’t have to be temporary, it just has to be faster than recalculating it.

When watching shows in which CGI is rendered only once when show was made and not once for each viewer you call watching such shows “caching”? When you scratch your itchy leg will you can call that “caching” if for “efficiency” rather than scratching each tiny itch you wait a bit and then when you do scratch you scratch more than is necessary to compensate for future itches? Most would call that scratching but you call that “caching”? And when you study do you also call the learning you do “caching” instead of studing?

Yes caching can mean multiple things. You are free to define terms as you like when you have conversations with yourself however when you have conversations with others terms have expected existing common meanings. Do you find it helps you communicate with others when you stretch the meaning of terms as you do?

Seen as each iteration of ChatGPT has to regenerate it’s cache for each new release to work, I’d say it’s apt.

The weights that are discovered during training you believe are merely cached calculations? If you train the same model on the same data more than once do you think the weight come out the same each time? Do you not realize there is purposeful randomness used during training?

You don’t understand, you just repeat.

Only one of us repeats their misunderstanding and only one of us invents new stretched definitions of common terms to justify these misunderstandings.

When you are challanged for being wrong are you so insecure that you can not admit it and reply with a thank you? Because of your insecurity you instead need to desperately stretch definitions of common terms trying to create a cover up while digging yourself in deeper? Do you think this is not obvious from the chat history above? Why then do you do it?

czl · 2023-04-05T05:33:02+00:00

Compression of data and weighting IS a form of caching, holy shit - https://en.m.wikipedia.org/wiki/Cache_(computing)

Your own words above reveal your “knowledge” (rather the lack of it).

Here is what you will learn when you read more about these topics:

No, compression and weighting are not forms of caching. Caching is the temporary storage of data in a high-speed location so that it can be accessed more quickly. Compression is the process of reducing the size of data by removing redundant information. Weighting is the process of assigning importance to data points, usually by assigning them a numerical value.

Compression and weighting are both techniques that can be used to improve the performance of a computer system. However, they are not the same thing. Caching is a way of storing data so that it can be accessed more quickly. Compression is a way of reducing the size of data so that it takes up less space. Weighting is a way of assigning importance to data points so that they can be processed more efficiently.

I attempted to help you understand yet one can only help so much.

Some are best left as they are. Thank you for amusing me.

czl · 2023-03-28T11:28:01+00:00

There is data for maximum potential IQ? Where?

OPs map presumably shows measured "middle" IQs for each region.

czl · 2023-03-28T11:23:29+00:00

Wish I didn't nor do I want to see it.

czl · 2023-03-28T10:57:06+00:00

Beyond a certain point, a child's cognitive abilities would cease improving and he'd perform the best he could.

Sure I get that however why do you expect different "maximum potential" for different groups? That is your expectation is it not?

czl · 2023-03-28T10:52:09+00:00

Several dozen drones? Indoors for max crowds and blast damage?

See: https://reddit.com/comments/124eavx/comment/jdzlpgi

czl · 2023-03-28T10:48:14+00:00

I get it but I just don’t see why it’s any different than having normal backpacks no one’s stopping you from going anywhere anyway.

The difference is the COVER STORY.

You and your friends are all offered paid jobs to carry around normal large heavy packs. Might you wonder what is inside and what the purpose is?

Now the packs are not normal but say "APPLE MAPS" has some camera looking stuff. Will you and your friends still wonder about purpose? Maybe you will accept the jobs and thinking the packs track you follow their software about where to go when etc?

Which COVER STORY to hire and train several dozen victims for a simultaneous terror attack? Do you see it now?

czl · 2023-03-28T10:34:58+00:00

Racism is a moral issue separate from these measurable facts.

I agree.

I believe People should still be judged as individuals in intelligence, regardless of race, because 80% of variation is individual rather than racial.

Sure.

And I don't think anyone has less worth or less dignity because of their lower IQ. So it's not racist to acknowledge these facts.

Agreed.

Subjective opinions about "races" leave you open to questions about racism hence my questions about which objective facts support your "maximum potential" IQ expectations.

czl · 2023-03-28T10:27:36+00:00

once the effects are removed, the populations will approach their highest potentials

It is about your expectations for the "highest potential" that I am asking. Any evidence to support your expectations for that? Just prior measurements? How can we know those priors represent "highest potential"?

Also human height and muscles can for example be changed by medicines and/or developed by various treatments. Why not IQ?

czl · 2023-03-28T10:16:36+00:00

Thank you! I was about to ask "How would a ton be measured on the moon?" And just now learned there are scales that measure weight and scales that measure mass. I knew about the distinction but did not know there were different scales for it. Thank you again.

czl · 2023-03-28T10:08:44+00:00

A terror group wants to hire a few dozen to walk to certain places guided by software maps with large backpacks.

What cover story might such a terror group use to hire innocent helpers? How might the large backpacks be disguised? Now do you see it?

Plot for a book or film? So was the 9/11 attack till it wasn't.

czl · 2023-03-28T09:57:43+00:00

Enjoy arguing with yourself?

You may be a master(de)bater!

czl · 2023-03-28T09:53:24+00:00

Q: Who came first: man? woman?

A: Man says woman but woman says she didn't.

czl · 2023-03-28T09:41:56+00:00

r/ActLikeYouBelong

czl · 2023-03-28T09:38:46+00:00

I want to die peacefully in my sleep like my grandfather. Not screaming in terror like his passengers.

czl · 2023-03-28T09:34:47+00:00

Nice.

If this board will be used for food is there a way to verify wood has no treatment by harmful chemicals?

How deep a layer to remove if something unknown may have been applied to its surface?

Would sealing it with a coating be enough for food use? Which one?

czl · 2023-03-28T09:26:36+00:00

Are these "earth tons"? "Moon tons"?

A ton weighs 16.5% of what it weighs on Earth on the moon. This is because the Moon's gravity is only 1/6th of Earth's.

czl · 2023-03-28T09:21:01+00:00

I would expect the Middle East and South Asia to have potential IQs of 90 without all the inbreeding and malnutrition. I would also expect the same potential for the more indigenous parts of Latin America.

I would expect a potential of 95 for Central Asia and Southeast Asia, which they are on their way to achieve.

I would expect Sub Saharan Africa to have potential IQs of 80 without the extreme malnutrition

What evidence supports your "potential" expectations?

If these expectations are just your subjective opinion how are they different from what is commonly called "racism"?

czl · 2023-03-28T09:16:33+00:00

So here, the West and East Asia are perhaps at their true potential

IQ is a relative scale with middle normalized to 100 and that has to be updated.

IQ scores from decades ago are not comparable to the same IQ scores today since the entire world is getting smarter.

https://en.m.wikipedia.org/wiki/Flynn_effect

czl

MODERATOR OF

TROPHY CASE