Market Failure!

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Warren
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Re: Market Failure!

Post by Warren » 11 Dec 2017, 17:39

lunchstealer wrote:
11 Dec 2017, 17:29
Holy shit but Facebook's video interface is fucked up.

Just about every streaming video format will pause if you tap in the middle of the video. They usually have a function in a corner of the frame that will expand the video to a larger size or full screen.

Facebook reverses those. What the actual fuck, facebook? All I want to do is to be able to pause a video when it's important that I be able to hear. I want to be able to do it the same way across multiple platforms. Youtube got there first, and frankly theirs is the way to do it. If I need to pause the video to shut it up, I often need to do it quickly. To expand to fullscreen, I've almost always got some time to do that.
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thoreau
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Re: Market Failure!

Post by thoreau » 27 Dec 2017, 07:55

The first airline employee to show up at the gate and make any attempt to do anything arrived ten minutes after boarding was scheduled to begin.

They spent ten minutes trying to unlock the door to the jet bridge.
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Re: Market Failure!

Post by Warren » 27 Dec 2017, 12:19

thoreau wrote:
27 Dec 2017, 07:55
The first airline employee to show up at the gate and make any attempt to do anything arrived ten minutes after boarding was scheduled to begin.

They spent ten minutes trying to unlock the door to the jet bridge.
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Re: Market Failure!

Post by Mo » 28 Dec 2017, 23:20

Perhaps this is why Jony Ive shouldn't be your architect. Though in Apple's defense, who could possibly have seen a need to account for snow in Chicago?
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Re: Market Failure!

Post by nicole » 29 Dec 2017, 08:47

To be fair those signs are sort of standard downtown in the winter (although not as common as they are in Montreal).
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Re: Market Failure!

Post by Mo » 29 Dec 2017, 08:50

I know they're typically near skyscrapers and other really tall buildings, where ice can really be an issue and mitigation is difficult. Are they common on short buildings like this one?
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

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Re: Market Failure!

Post by nicole » 29 Dec 2017, 10:12

No it’s definitely weird to have them on a building that short. I mean...from that photo I don’t really understand why someone hasn’t knocked the icicles off, it looks like you’d barely need a ladder.
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Re: Market Failure!

Post by Warren » 29 Dec 2017, 10:49

nicole wrote:
29 Dec 2017, 10:12
No it’s definitely weird to have them on a building that short. I mean...from that photo I don’t really understand why someone hasn’t knocked the icicles off, it looks like you’d barely need a ladder.
Or like a broom.
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Re: Market Failure!

Post by Aresen » 30 Dec 2017, 11:40

I think I will leave this one right here:

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Re: Market Failure!

Post by JD » 04 Jan 2018, 13:08

For my nephew's birthday, my wife and I got him this robot advertised on Amazon. It got good reviews (something like 4.5 stars) so we thought we were pretty safe.

The box was the first hint that all was not well. The box said something like "Programmable robot / destination rebort". Well, OK, Engrish, right? The robot looked decent coming out the box. The remote that came with it was a little weird-looking, and there were no batteries with it, but OK, whatever. The robot's power-on dialog was...weird. It began by saying something like "Hello! I am robocop number three!" despite not being Robocop-branded, looking like Robocop, or having anything to do with Robocop in any way. The robot gave a little spiel about what it could do, danced around a bit, and then started singing. That was another weird point: it was not singing in its own voice, but just playing a recording of a woman's voice singing "If You're Happy And You Know It". If you ignored the robot for a little while, it exclaimed, "Why is everyone ignoring me? This is lame!" which made us burst out laughing.

The robot was supposed to be able to respond to hand gestures (come towards you, back up, turn, etc.). It did this the first time we turned it on, and thereafter we were never able to get it to respond again, no matter how many times we powered it off and on, reset it, etc. The remote had about 30 buttons. Pressing any of them made a pattern of lights flash on the robot...and that was it. Nothing else. The manual basically described the functions of the robot, in really terrible Engrish, but had nothing about how to use the remote. Apparently one of the functions of the robot was to recite "science facts" to you, although they were (at least as written) in barely grammatical English and barely counted as "science facts". Also it would recite helpful hints about being polite and clean and eating well and such, and could sing songs. Too bad we never got those functions to work; I was curious to hear "Mr. Wang Gao Owns A Small Piece of Land".

Looking at the Amazon reviews, it was pretty clear - certainly in retrospect - that they were all shill reviews, and most of them were in Engrish too. I did get a good laugh out of the one that praised the "good habits no obese robot!"

We ended up returning the robot.
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Re: Market Failure!

Post by Mo » 04 Jan 2018, 23:18

The fate of Sears and how Eddie Lampert made a shitload of money as he drove the firm into the group is basically a caricature of socialist critiques of capitalism.
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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Re: Market Failure!

Post by Warren » 05 Jan 2018, 10:55

Mo wrote:
04 Jan 2018, 23:18
The fate of Sears and how Eddie Lampert made a shitload of money as he drove the firm into the group is basically a caricature of socialist critiques of capitalism.
I could stand to hear a bit more.
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Re: Market Failure!

Post by Mo » 05 Jan 2018, 11:19

His whole strategy was that investment in the business, basic stuff like marketing, pricing to be competitive, store maintenance, etc. was a waste of money. So instead of reinvesting profits into the business, he used the existing cash flow to make stock buybacks, so the investors made out quite well. Unsurprisingly, the stores cratered, rather than declined, and then he turned to selling the real estate for profit. Lampert likely made hundreds of millions to a billion dollars destroying a 100 year old company through a mix of mismanagement and greed.
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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Re: Market Failure!

Post by JasonL » 05 Jan 2018, 12:23

I don’t get why smart money would go on that ride

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Re: Market Failure!

Post by thoreau » 05 Jan 2018, 13:13

JasonL wrote:
05 Jan 2018, 12:23
I don’t get why smart money would go on that ride
Because they sold while stock price was high rather than holding on all the way to the end?
"ike Wile E. Coyote salivating over a "4000 Ways To Prepare Roadrunner" cookbook without watching his surroundings, the Road Runner of Societal Inertia snuck up on them both and beepbeeped them off the mesa."
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Re: Market Failure!

Post by Mo » 05 Jan 2018, 13:47

Bingo. Also, in the intervening years, the worthwhile brands, like Craftsman, have been sold off and the company has been loaded with debt. It's also somewhat common in PE. Load up with debt, strip off the equity and leave others holding the bag later.
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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Re: Market Failure!

Post by JasonL » 05 Jan 2018, 13:51

Efficient markets should make that hard - like why isn't the buy back with balance sheets looking the way they do a signal to sell? That's to say - desperate companies losing sales or per store revenue will often try to buy back to stop people from bailing out but institutional money tends to flee when they can't get a story they like about the sales figures.

EDIT - see also high dividends being paid in cratering revenue environments

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Re: Market Failure!

Post by Mo » 05 Jan 2018, 13:59

I agree that they should, but markets aren't efficient.
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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Re: Market Failure!

Post by Mo » 05 Jan 2018, 14:03

his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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Re: Market Failure!

Post by JasonL » 05 Jan 2018, 14:26

Looks like money did bail when earnings fell. April of 07 $134.51. November of 08 $21.33. That coincides with the per store revenue in the story. Interestingly, something must have happened in 2009 to drive a spike in investment. Price recovery back to $85 by April 2010, which then nosedived again by 50% through August 2010.

Worth noting is the 2003 price of the thing was like $10, so the whole story is this place is failing, new guy comes in, big increase, wtf sales are tumbling - massive drop, look it's Elvis! - increase, oh nevermind still no plan 50% loss trailing to current levels.

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Re: Market Failure!

Post by Mo » 05 Jan 2018, 16:05

I think there was a big share buyback in 2009, which would spike the price. Also, I think what caused the earlier pre-Lampert increase in price was the real estate bubble. Basically, some analyst said that Sears was sitting on a lot of money because of the value of the real estate, then the bubble popped on land prices. Also, pre-Lampert it was a profitable business.

http://www.macrotrends.net/stocks/chart ... me-history
his voice is so soothing, but why do conspiracy nuts always sound like Batman and Robin solving one of Riddler's puzzles out loud? - fod

no one ever yells worldstar when a pet gets fucked up - dhex

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Re: Market Failure!

Post by tr0g » 07 Jan 2018, 23:23

So, I'm looking for a new bag. I want one almost exactly like this Saddleback. I don't want any additional pockets or bullshit inside the main pockets. No pen loops, no phone pocket, nothing. Two compartments in the main bag, two outside pockets. So this bag is perfect, but $759 is a bit much.

I can find nothing. I realize minimalism comes at a premium, but this is a bit ridiculous.
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Re: Market Failure!

Post by Eric the .5b » 08 Jan 2018, 00:06

tr0g wrote:
07 Jan 2018, 23:23
So this bag is perfect, but $759 is a bit much.
Ask Warren for an estimate?
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Re: Market Failure!

Post by Warren » 08 Jan 2018, 03:06

Eric the .5b wrote:
08 Jan 2018, 00:06
tr0g wrote:
07 Jan 2018, 23:23
So this bag is perfect, but $759 is a bit much.
Ask Warren for an estimate?
I seriously doubt you could get a quality leather bag of that size for less. Certainly not from me. It would take me hundreds of hours to produce that bag.
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Eric the .5b
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Re: Market Failure!

Post by Eric the .5b » 08 Jan 2018, 03:35

Warren wrote:
08 Jan 2018, 03:06
Eric the .5b wrote:
08 Jan 2018, 00:06
tr0g wrote:
07 Jan 2018, 23:23
So this bag is perfect, but $759 is a bit much.
Ask Warren for an estimate?
I seriously doubt you could get a quality leather bag of that size for less. Certainly not from me. It would take me hundreds of hours to produce that bag.
Fair enough.
"Better that ten guilty persons escape than that one innocent suffer."
"Cyberpunk never really gave the government enough credit for their ability to secure a favorable prenup during the Corporate-State wedding." - Shem

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