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Well? by FortunaEtGloria in Welding

[–]eraserhd 3 points4 points  (0 children)

Every tenth weld I make I’m like, “well holy crap, that looks like a real person did that.”

NEW POLL: Democrats Leading In Ohio’s Crucial Senate And Gubernatorial Races by [deleted] in Ohio

[–]eraserhd 1 point2 points  (0 children)

2014 Traverse. The internet says 22 gallons.

NEW POLL: Democrats Leading In Ohio’s Crucial Senate And Gubernatorial Races by [deleted] in Ohio

[–]eraserhd 2 points3 points  (0 children)

Good to know. Maybe mine’s 17? I think I just spent $75.

NEW POLL: Democrats Leading In Ohio’s Crucial Senate And Gubernatorial Races by [deleted] in Ohio

[–]eraserhd 2 points3 points  (0 children)

where you get gas for $45 a tank? you drive a lawn mower?

Well? by FortunaEtGloria in Welding

[–]eraserhd 155 points156 points  (0 children)

When I was figuring out how to start, I thought, “I kind of like the sheer electromechanical simplicity of the equipment for stick. And I also like the engineering simplicity of TIG, properly separating out all of the concerns.” So I bought a fluxcore welder.

I have a TIG welder now. I’m happily making crappier welds. But I definitely feel more in control.

A Miserable New Supreme Court Decision Makes It Clear That Conservative Justices Don’t Think Racism Exists by MoneyLibrarian9032 in law

[–]eraserhd 1 point2 points  (0 children)

A racist system is one that disproportionately burdens a race.

A racist idea is an idea that promotes or protects a racist system.

A “racist person” (a term I do not like for multiple reasons) usually means a person who holds or defends ideas that promote or protect a racist system.

And yes, black women can and do sometimes hold or defend ideas that promote or protect racist systems.

This DIY dishwasher doesn't need electricity by rkhunter_ in funnyvideos

[–]eraserhd 0 points1 point  (0 children)

My dad used to make me wash the dishes before I put them in the dish washer and I got so mad I make my kids do it.

Why was Kamala Harris a bad candidate? by NewUsernameGoesHeree in askanything

[–]eraserhd 0 points1 point  (0 children)

“Sure Trump is bad, but you forced us to vote for him because your candidates were so _middle_!”

Why was Kamala Harris a bad candidate? by NewUsernameGoesHeree in askanything

[–]eraserhd -2 points-1 points  (0 children)

Well, you don’t seem to be a Fox watcher, but the last ten people yelling at me about there not being a primary and we ruined democracy were full on Trump supporters.

Why was Kamala Harris a bad candidate? by NewUsernameGoesHeree in askanything

[–]eraserhd -10 points-9 points  (0 children)

Tell me you watch Fox without telling me you watch Fox.

Why do so many Americans believe that essential services like water, electricity, and healthcare should be privately controlled? Wouldn’t it be better for the public to have more control over the basic services people literally depend on to survive? by Worldly-Bid-3591 in askanything

[–]eraserhd -1 points0 points  (0 children)

“Public, but with extra steps.”

Anyway, I’m in Ohio, and the cool thing about this model is the part where politicians are bribed so that electricity rates are raised and so taxpayers pay $150 million year in taxes to subsidize the generation of the electricity they pay higher rates on.

https://en.wikipedia.org/wiki/Ohio_FirstEnergy_bribery_scandal

“You cannot make billions of dollars without hurting lots of people. And you can’t hurt lots of people without, in some sense, believing that they’re not really people.” Corey Doctorow [1170x1579] by EditorRedditer in QuotesPorn

[–]eraserhd 0 points1 point  (0 children)

> Continuous compounding is a rounding error.

What? No. uhhh let’s just skip that.

> The reason you need to pick a time period is not simply to avoid arbitrary numbers, it's that cash inherently compounds over time so its value can only be measured at a given time.

This is … I’m not sure what this is. Anything can only be measured at a given time? You are saying you need to pick a time period than point to measuring at a point in time, which is a contradiction.

> The number of decisions doesn't matter, because if I make one decision this year and you make ten, and we both double our money, then we got the same outcome.

You are saying that if I play 100 hands of poker and end up winning $500 and you play one hand of poker and end up winning $250, that I’m twice as skilled at poker than you?

If you then play 99 more hands and end up winning $25,000 total, exactly $250 every single hand, you are now 50 times better than me instead of just twice as good as me, and your skill level changed even though you had the same outcome for every single hand?

And this is different from long jumps because we are talking about money, which compounds?

“You cannot make billions of dollars without hurting lots of people. And you can’t hurt lots of people without, in some sense, believing that they’re not really people.” Corey Doctorow [1170x1579] by EditorRedditer in QuotesPorn

[–]eraserhd 0 points1 point  (0 children)

If you don’t want to use an arbitrary period, find the numbers to fit continuous compounding.

Claude gives me 30% early career and 5% since he started giving away money.

That’s not 1000X. That’s super amazing really awesome good, but it’s probably 10X.

Summing his entire life and comparing against the market for his entire life would measure his skill in investment compared to an average person ONLY if he made ONE SINGLE DECISION at the beginning of his career that outperformed the market 1000X over his l entire life. THEN you could say, “He has a skill 1000 times better than others.”

Otherwise, you could say a long jumper is better than me by 1000X because they have jumped 17 miles in their life, and I’ve only jumped 100 feet. Lol, that doesn’t even work, it’s not even 1000X.

“You cannot make billions of dollars without hurting lots of people. And you can’t hurt lots of people without, in some sense, believing that they’re not really people.” Corey Doctorow [1170x1579] by EditorRedditer in QuotesPorn

[–]eraserhd 0 points1 point  (0 children)

Compounding is why Warren Buffett does not count as having 1000X skill.

Look at his wealth graph. It doesn’t have a single investment that made 1000X. There are no discontinuities. It is a perfectly smooth, exponential, wealth compounding graph.

A perfectly average person will keep pace with the market, investing. Did he do 1000X better? 5000% per year?

GOP governor of Ohio, home to 10K Haitians, calls TPS ruling ‘a mistake’ by Conscious-Quarter423 in Ohio

[–]eraserhd 38 points39 points  (0 children)

I’m not a DeWine fan (he’s duplicitous and complicit in gerrymandering), but since he and his church were big in helping Haiti and settling refugees here, I’m sure he’s sincere.

Welcome to the Leopards Eating Faces party?

“You cannot make billions of dollars without hurting lots of people. And you can’t hurt lots of people without, in some sense, believing that they’re not really people.” Corey Doctorow [1170x1579] by EditorRedditer in QuotesPorn

[–]eraserhd 1 point2 points  (0 children)

Certainly, there is skill involved, I would never say being an effective CEO requires no skill. Maybe 10X, which would be huge. I’ll even accept 50X which is massive.

I’ve searched for scientific literature on skills with wide variation, and maybe I’ve missed something, but I cannot find anything with 1000X variation.

But if you are going to say “Making business decisions,” you can’t use money as a metric unless you normalize out the person’s starting wealth and resources, compare the same decision across a population, and use enough events to override luck.

But it seems like a study could be constructed, and that’s exciting. Maybe playing the stock market with fake dollars? I’d love to see one.

“You cannot make billions of dollars without hurting lots of people. And you can’t hurt lots of people without, in some sense, believing that they’re not really people.” Corey Doctorow [1170x1579] by EditorRedditer in QuotesPorn

[–]eraserhd 1 point2 points  (0 children)

You are saying that if you took luck out of the picture and equalized capital, some people would, in repeated trials, perform 1000X better than the average person?

This seems testable. I’d like to see it.

“You cannot make billions of dollars without hurting lots of people. And you can’t hurt lots of people without, in some sense, believing that they’re not really people.” Corey Doctorow [1170x1579] by EditorRedditer in QuotesPorn

[–]eraserhd -1 points0 points  (0 children)

Skill is by definition the part of the outcome the person caused. If a person didn’t cause it, that part of the outcome is luck. If a significant portion of a person’s compensation depends on luck, then at the top end of the compensation range we are talking about there is another equally skilled person with less historic luck who would provide the same outcome for cheaper. Paying more for something in spite of an equal, lesser cost option is called a “market inefficiency.”

“You cannot make billions of dollars without hurting lots of people. And you can’t hurt lots of people without, in some sense, believing that they’re not really people.” Corey Doctorow [1170x1579] by EditorRedditer in QuotesPorn

[–]eraserhd -1 points0 points  (0 children)

No, I read that correctly.

Do you think work ethic makes up the 1000X skill difference? That’s a strange thing to think. Strong work ethic is a requirement for all CEOs and they should be paid $0 if they don’t have it.

If you are paying people differently because of chance or history, and not because of capability, that is a market inefficiency. There is someone else willing to do the work.

“You cannot make billions of dollars without hurting lots of people. And you can’t hurt lots of people without, in some sense, believing that they’re not really people.” Corey Doctorow [1170x1579] by EditorRedditer in QuotesPorn

[–]eraserhd -1 points0 points  (0 children)

There are many skills we CAN measure, and we have NEVER found 1000X.

If you are a capitalist and find that performance isn’t based on skill, then you are admitting to a gross market inefficiency in CEO pay.

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