Arthur C Clarke and Douglas Adams had the right idea here. You want people who on no account want the job. You promise them time off for good behaviour. In other words if they do a good job they won't be forced to do it for as long.
No sane person wants to control others. But somebody has to.
That actively managed funds underperform the index fund after fees is not inconsistent with the hypothesis that they may overperform them before fees. My hypothesis is that the active fund managers and not their investors get the benefit of their research. As you say the fees on actively managed funds have decreased, however I do not think they can ever be as low as those on indexed funds. Not in the long term anyway, otherwise the manager is working for nothing.
I doubt you are claiming that if everyone invested in the index or randomly, there wouldn't be any opportunities for those who research.
My claim is that before the rise of index funds investors were paying way too much for the research of active fund managers, the effect of the index funds has been to reduce what active fund managers can charge for it, and if you are right, it may be that their investors are still paying too much.
I don't think it's controversial that index funds are taking a free ride on traders and active fund managers. After all the price is determined by the competition between these people to make a buck at each others expense. As a investor in index funds myself, my attitude is ha ha ha, you people do all this work. As a result of your hubris I get the benefit of the valuation that occurs as a result of the competition.
If you are one of those fund managers who makes massive fees, you won't be thanking him. Curiously these index funds exploit the efficiency of the market created by traders and actively traded funds and reduce it by creating vast category of new investors that don't contribute to the valuation effort.
My hypothesis is that a secondary effect of them is to improve the performance of those who are prepared to research. The tertiary effect is that people drift back to actively managed funds. The net effect is that the market achieves balance, not only between those who buy and sell, but also between those who spend time and money trying to value the market and those who can't be arsed.
The above is a great example of a straw man argument. A valid point that has nothing to do with the argument being made. I'm not arguing about the absolute power. I'm arguing about it's abuse. The comment from the border official is an abuse of her power. She made a comment that I did not agree with but was in no position to respond to.
If you want to kill your tourism industry this is how to do it.
I was dismayed the last time I visited the United States, when after the indignity of being treated like a criminal by having my fingerprints taken for the first time, the border official said to me, "Now that wasn't such a big deal was it". Border officials have absolute power. Being on business, I was in no position to offer an alternative opinion and run the risk of being sent home.
Your tourism industry will be suffering. I stopped travelling for pleasure to the US long ago. If I should visit Canada for a holiday you can be sure I will travel via Auckland or Asia and not LA.
Once upon a time the human race used to reason along the following lines: "I don't understand, therefore it must be a god, the devil or evil spirits".
This explanation having gradually fallen into disrepute, now a large portion of the human race seems to reason: "I don't understand, therefore it must be aliens".
A meteor shower is not a meteor storm. Meteor showers get way more media attention than they deserve.
Astronomically speaking there are far more exciting things to do with your time that are more convenient. Borrow a decent telescope for a month.
I for one have no desire to get out of bed at the time I'm most sleepy, travel from my big city to somewhere where the night sky is half way decent, to see three meteors a minute, each of which is only in the sky for a few seconds, if I am lucky. That's an average of rather less than 1 meteor in the sky at any one time.
Quoting directly from https://en.wikipedia.org/wiki/...:
"Content will be removed if it is judged to violate Wikipedia policies (especially those on biographies of living persons and neutral point of view) or the laws of the United States".
In fact wikipedia is not censored according to the laws of China, but it is censored according to the laws of United States. Naturally this doesn't appeal to the Chinese government when it's available to Chinese citizens. No doubt if it wasn't censored according to the laws of United States then this wouldn't appeal to the United States government (or other governments with similar views to the US).
Slashdot Mirror
Arthur C Clarke and Douglas Adams had the right idea here. You want people who on no account want the job. You promise them time off for good behaviour. In other words if they do a good job they won't be forced to do it for as long.
No sane person wants to control others. But somebody has to.
That actively managed funds underperform the index fund after fees is not inconsistent with the hypothesis that they may overperform them before fees. My hypothesis is that the active fund managers and not their investors get the benefit of their research. As you say the fees on actively managed funds have decreased, however I do not think they can ever be as low as those on indexed funds. Not in the long term anyway, otherwise the manager is working for nothing.
I doubt you are claiming that if everyone invested in the index or randomly, there wouldn't be any opportunities for those who research.
My claim is that before the rise of index funds investors were paying way too much for the research of active fund managers, the effect of the index funds has been to reduce what active fund managers can charge for it, and if you are right, it may be that their investors are still paying too much.
I don't think it's controversial that index funds are taking a free ride on traders and active fund managers. After all the price is determined by the competition between these people to make a buck at each others expense. As a investor in index funds myself, my attitude is ha ha ha, you people do all this work. As a result of your hubris I get the benefit of the valuation that occurs as a result of the competition.
If you are one of those fund managers who makes massive fees, you won't be thanking him. Curiously these index funds exploit the efficiency of the market created by traders and actively traded funds and reduce it by creating vast category of new investors that don't contribute to the valuation effort.
My hypothesis is that a secondary effect of them is to improve the performance of those who are prepared to research. The tertiary effect is that people drift back to actively managed funds. The net effect is that the market achieves balance, not only between those who buy and sell, but also between those who spend time and money trying to value the market and those who can't be arsed.
Actually the article said it had passed the house. It didn't say it has passed the senate.
https://www.abc.net.au/news/20...
A new technology gets its start in porn. Porn makes the new technology grow big. Once it thinks it's big enough, it bans porn.
Yes, but you don't. And neither do I and neither do millions upon millions of others. Which makes your argument theoretical and of limited relevance.
That's great. Now I want them to be able operate a http://avp.wikia.com/wiki/P-5000_Powered_Work_Loader, so they can move around and send those aliens back where they came from.
I felt a great disturbance in the slashdot community, as though millions of us suddenly had similar thoughts and were suddenly silenced by this post.
So I just thought I'd let you know that speed is close to 0.003 furlongs per fortnight. I'm sure we'll all understand much better now.
caviare now does impersonation of Kripke from The Big Bang Theory.
"And how that's my pwobwm, no wait, that's not my pwobwm."
But seriously, if facebook and similar companies fell off the face of the earth, after an initial shock, who would mourn?
That's because you are classifying everything that has made progress in the last 40 years as not AI.
https://en.wikipedia.org/wiki/...
No no, it's just doing what it perceives as its duty as the 52nd state of the US. I understand the UK is the 51st.
https://www.malcolmturnbull.co...
The above is a great example of a straw man argument. A valid point that has nothing to do with the argument being made. I'm not arguing about the absolute power. I'm arguing about it's abuse. The comment from the border official is an abuse of her power. She made a comment that I did not agree with but was in no position to respond to.
If you want to kill your tourism industry this is how to do it.
I was dismayed the last time I visited the United States, when after the indignity of being treated like a criminal by having my fingerprints taken for the first time, the border official said to me, "Now that wasn't such a big deal was it". Border officials have absolute power. Being on business, I was in no position to offer an alternative opinion and run the risk of being sent home.
Your tourism industry will be suffering. I stopped travelling for pleasure to the US long ago. If I should visit Canada for a holiday you can be sure I will travel via Auckland or Asia and not LA.
Fuck you guys, I'm tired of your shit.
Once upon a time the human race used to reason along the following lines: "I don't understand, therefore it must be a god, the devil or evil spirits".
This explanation having gradually fallen into disrepute, now a large portion of the human race seems to reason: "I don't understand, therefore it must be aliens".
No doubt an explanation will be found one day.
A meteor shower is not a meteor storm. Meteor showers get way more media attention than they deserve.
Astronomically speaking there are far more exciting things to do with your time that are more convenient. Borrow a decent telescope for a month.
I for one have no desire to get out of bed at the time I'm most sleepy, travel from my big city to somewhere where the night sky is half way decent, to see three meteors a minute, each of which is only in the sky for a few seconds, if I am lucky. That's an average of rather less than 1 meteor in the sky at any one time.
Keep up the geometric progression. That should be with not even half a bit of understanding of good UI.
A gigapixel is exactly one billion pixels, not "made of over one billion pixels". We should not let marketroids get away with this sort of crap.
I'm sorry Hal, but I'm afraid he didn't do that.
We can't explain it, therefore it must be aliens
Must be, must be!
I want some aliens
Now!
No, In base 2 his sequence would be 1, 110, 11011, 11011100, 11011100101, 11011100101110, etc...
Quoting directly from https://en.wikipedia.org/wiki/...: "Content will be removed if it is judged to violate Wikipedia policies (especially those on biographies of living persons and neutral point of view) or the laws of the United States".
In fact wikipedia is not censored according to the laws of China, but it is censored according to the laws of United States. Naturally this doesn't appeal to the Chinese government when it's available to Chinese citizens. No doubt if it wasn't censored according to the laws of United States then this wouldn't appeal to the United States government (or other governments with similar views to the US).