skysight-inc/HackerNews huggingface dataset:
> What's the argument that active managers aren't just rent seeking parasites lying about their roles?

That someone has to set prices and structurally index funds can't do that job. How are prices going to be set without active participants? You could do it by formula I guess, but that would be gamed by companies around earnings time and doesn't account for differences in industries or differences in corporate strategy.

> Why have active fees gone down if they provided value all along?

That's exactly what you would expect as more firms enter providing the same service. The same thing happens in every other market. More competition drives down margins.
Bionic Reading – Convert Text into Better Way to Read Faster
Just assume everything is manipulated and then you never have to worry about filtered or not again.

Even in real life people look dramatically different with and without makeup. People seeing pictures and not realizing they have filters applied is like seeing people with makeup and not realizing they're wearing makeup.
> Driving is high risk activity that can lead to severe head injuries. It is even easier to keep a helmet with your car than with your bike. The cost to risk profile here is extremely similar but the resultant behavior is quite different.

Just FTR, don't wear a helmet while driving a car. It will massively increase the strain on your spine in the case of a crash and your airbags are not built with helmets in mind. Additionally, car helmets are usually of the full-size kind and reduce your field of vision quite a bit. There's a reason helmets are not recommended for normal driving.
I would say that is still applicable and valid. like any huristic, there is opportunity for abuse, but this isn't new.

I think what the huristic gets at is the idea of like mindedness and similarity.

It would be interesting to explore the opposite effect, whee the information shared is hostile or unrelatable. Would people still feel more understood or less?

What would the reaction be if the information shared was "I am from a hostile tribe and hate people like you"
The shortage was very much not fake, or I’m misinterpreting your meaning.
I read your comment that way and was trying to agree/amplify rather than trying to correct pricing.
yes, games and game stores hold records of ownership under your account. some of that may be purchased, some of it may be acquired through another means like an in-game achievement.

nfts are literally just records of ownership of a digital asset that are upheld without a central entity.

“it’s a lot like owning assets in a game” is exactly correct with the distinction that it’s decentralized
1. Zero Percent interest rates doesn't necessarily cause a bubble. It's the excess liquidity in the market that causes the bubble (too many financial assets chasing real assets).
+ 1

ex. You can do something like this: https://i.imgur.com/dcbzn3w.gif

I do a lot of thinking about conversation design "tooling" for automated agents and I found wrangling Adaptive Cards with "dynamic" content was a bit annoying since there's so many options. I needed a simple subset of functionality to cover most cases and to add features like tappable suggestion "chips"

I made little a utility called "Speedycard" which lets you "build" Adaptive Cards kinda like this:g

const myCard = new SpeedyCard()
.setTitle('System is ')
.setSubtitle('If you see this card, everything is working')
.setImage('https://i.imgur.com/VQoXfHn.gif')
.setInput(`What's on your mind?`)
.setUrl('https://www.youtube.com/watch?v=3GwjfUFyY6M', 'Take a moment to celebrate')
.setTable([[`Bot's Date`, new Date().toDateString()], ["Bot's Uptime", `${String(process.uptime())}s`]])
.setData({mySpecialData: {a:1, b:2}})

const fullCard = myCard.render() // JSON passed to an API/client

While I am convinced about the importance of conversation design and being thoughtful about this stuff sometimes it's convenient to just have a little form and the user adds their data and call it day

Cards source (can use this anywhere): https://github.com/valgaze/speedybot/blob/master/src/cards.t...

Experiment optimized for Cloudflare Workers: https://www.npmjs.com/package/speedybot-hub

Main Library: https://www.npmjs.com/package/speedybot
It won't work because the resonant part of art doesn't come from random noise. It comes from an inflection point on a particular emotional introspection or connection. When the viewer or listener shares this connection, art happens. Without this emotional exchange, art is lifeless and uninteresting.

Interestingly, music works the same way. Random, unpitched noise sounds to us like wind or rain. In music synthesis, randomness has a use (like in DALL-E) but it is limited. What humans want hear to "get into" a song emotionally comes from specific arrangements of pitches - not random ones. The artist chooses them because they "feel" a certain way, an exclusively human concept. When the listener has the same emotional reaction, art succeeds. No DALL-E painting will ever achieve this because it has no feelings to begin with.
It's easy to hate on Amazon these days, but there's an Amazon grocery store near me that has buggies with a bunch of tech on them. I throw all my items in the buggy and I push it out the store and receive an emailed receipt. I don't have to wait in line. I like instacart too, but occasionally I just want to browse so I can muster up some recipes in my head.
Same. I'm surprised by this invention.
I originally wrote https://www.flatpress.org/ as an alternative to WordPress with a flat-file database. I no longer work on it, but an enthusiast user (Arvid) took over the development, so it is now actively maintained.
Owning a share of Amazon gives you rights to future dividends, which in theory can be high if they continue to grow EPS.

If I promise to pay you $100 10 years from now, is that agreement worthless because you didn't get it today? No you discount the time factor into current value.

The people who got wiped out on growth tech don't understand this concept
I sympathize with the sentiment of op, even if, hopefully, they are proven "wrong" with time. If an ai could produce an endless parade of masterpieces does it devalue the masterpiece? In some sense I think the answer must be yes.
This might become a reality for people in india at the moment... :(
Read what the Dutch cycling union has to say about helmets.

https://www.fietsersbond.nl/de-fiets/accessoires/fietshelmen...

https://www-fietsersbond-nl.translate.goog/de-fiets/accessoi...

I live here and I'll say that almost all bicycle delivery drivers where helmets in NL. Lost of riders wear helmets here, but I agree that most people just riding to work or going shopping do not.

I will also note that probably the largest bicycle delivery service in NL has helmets for sale for its riders.

https://shop.thuisbezorgd.nl/nl/helmen
Just set the settings to public again today. Hopefully, the settings stick this time. :)
Think Gus’s family of markets in SF. And independent markets like Golden on Church St between Duboce and Market. Other Avenues in the Sunset. And countless ethnic markets across the city. All these will be quicker to get in and out of than a Safeway or a Whole Foods.
> $39.0 billion U.S. Treasuries

Par value or market value? If it’s the former the current value is surely less.
And move the whole city with you? Otherwise you will find yourself in the middle of nowhere with not much to do and not much to support you.

That's actually a big problem with global warming, maybe the biggest problem. Raising waters? Just move coastal cities on higher grounds. Some countries will actually benefit from global warming, I think that's the case for Canada, just move there.

But that's not how it works, you can't move around millions of people and hundreds of years worth of infrastructure just like that.
(2020)

So the book referenced in "Oliver Burkeman’s book Four Thousand Weeks: Time Management For Mortals will be published next year by The Bodley Head" has already been published: https://www.amazon.com/Four-Thousand-Weeks-Management-Mortal... .
Advice I wish someone gave me before I joined college
How do you plan to compete against the likes of OneClass, CourseHero, Studocu etc.?
Working artist not finished yet... But it doesn't look great
> This feels like a terminal based 3d application

I'm curious, what makes you think that?
Great read.

Things are already changing, but very slowly and almost imperceptibly if you look at it day-to-day: Public research repositories like arxiv and biorxiv, along with public code repositories like github and gitlab, are becoming or maybe already are the world's most important academic "journals."

All research and code posted on them gets a quick once-over; good work gets the attention it deserves; bad work is quickly ignored. Reviews take place over the Internet via both public and private forums.

Gatekeeping power lies more and more in the hands of a global, distributed scientific community open to anyone willing and capable of doing and reviewing the work. It's fabulous IMHO.
April 8 2024 Solar Eclipse across the USA
William F. Sharpe published the very short (two pages) article "The Arithmetic of Active Management" in 1991:

> Over any specified time period, the market return will be a weighted average of the returns on the securities within the market, using beginning market values as weights[3]. Each passive manager will obtain precisely the market return, before costs[4]. From this, it follows (as the night from the day) that the return on the average actively managed dollar must equal the market return. Why? Because the market return must equal a weighted average of the returns on the passive and active segments of the market. If the first two returns are the same, the third must be also.

> This proves assertion number 1. Note that only simple principles of arithmetic were used in the process. To be sure, we have seriously belabored the obvious, but the ubiquity of statements such as those quoted earlier suggests that such labor is not in vain.

> To prove assertion number 2, we need only rely on the fact that the costs of actively managing a given number of dollars will exceed those of passive management. Active managers must pay for more research and must pay more for trading. Security analysis (e.g. the graduates of prestigious business schools) must eat, and so must brokers, traders, specialists and other market-makers.

> Because active and passive returns are equal before cost, and because active managers bear greater costs, it follows that the after-cost return from active management must be lower than that from passive management.

* https://web.stanford.edu/~wfsharpe/art/active/active.htm

And on why picking a winning stock is so hard (first edition 1973):

* https://en.wikipedia.org/wiki/A_Random_Walk_Down_Wall_Street
The arguement in both cases is that if someone is doing something useful in a market (like price discovery) they'll be paid according to how useful they are. And if their pay exceeds the cost then they'll profit. If not then your guy (or girl, or other descriptor) isn't useful and you're paying them from your picket. But it's your job to check and move your money accordingly. And you'll be paid for doing so, and penalised for not doing so.

If your active manager beats the index (in returns and risk) after fees then he is earning his keep both for you and the world in gen
Let's talk about this async
Not being an art collector for investment purpose the only thing that patters to me is if it please my eye / invokes some emotions / etc. If it is made by computer so be it. If it costs basillion dollars just because it was Andy who spilled some paint on canvas - I do not care as it feels like a noise to me. I respect that the other might have different opinions but in art I only care what I like. Whether it is valued by somebody else is irrelevant to me
I'm not arguing against crypto here. I do want to argue the semantics of fiat: they're issued by the civilian arms of militaries, called governments. They control land and resources and will defend or invade to sustain themselves.

How collective agreements compare against them is an interesting question of modern economics vs history.
Yeah, I agree it’s not a simple tech even if it’s possible to make this work for some cases. I want to believe it will become reality somewhere in the future, the world becomes better:).
Even better, put their own logo on the helmets and treat it as a kind of uniform, just like the pink mustache that Lyft used to have. That would double as free advertising, too.
How to Clear Your Mind of Worries Before a Big Performance (Revisited)
Second half of 1940s and early 1950s are, IMO, a much better data point on how asset prices and economy would develop than 1970-80s than the author chooses.

The situation in 1940s, with massive post-war government debt and high inflation is a much better match to today's state than 1970s with low debt and high inflation.
I'm not that into metal bands, but I figured I'd give your examples a listen. At first I didn't think much of it, but right at 9:22 when she hits that note... frisson!
Yes, I am saying that if you cook frequently for yourself, it takes more time to shop every day.

Some people enjoy going on walks every day, some people order lots of take out, etc. All of those are acceptable. I am only largely disagreeing with the people who claim that somehow these two alternatives take a comparable amount of time (and the people suggesting that I must have no taste in vegetables or live in suburbia).
> Like I said: food in the US is designed for longevity, not for flavor or general quality. Organic stuff and local produce are not like that. They don't last as long. I for one can not eat lettuce that has been on the fridge for more than 3 days.

I'm not in the US, I buy organic and local produce at a farmers market. They usually last two weeks in the fridge.

If they are lasting only three days for you, maybe you are buying produce that is already over a week old.
By that argument California would be much happier being independent and not under the boot of a federal power.
My wife and her mother sees burrito as a weird mix of everything, and argue food should be enjoyed separate.

I see burrito as a delicious mix of everything and eat nearly every day these days.
Yeah, just listen to a podcast of some dude or dudette for several years and man they become part of your life.
I roughly agree with you but this hypothesis would suggest:

- more helmet wearing in less cycling-friendly cities like Rotterdam which, IIRC, is an example of such a place in the Netherlands

- more helmet wearing (in the sense that the ratio between Dutch helmet wearing and helmet wearing in other Western European countries is higher) at points in the past when bicycle infrastructure was less protected. Though this is confounded by lots of things.
Nathaniel goes shopping! Again. And again. And again.

https://www.cnn.com/profiles/nathaniel-meyersohn
I’ve been something of a Boglehead for a long time, but every few years or so I try to look up analysis of active funds to try and see if they’re starting to beat the market as a whole.

I shouldn’t be surprised, but I can’t help always feeling a bit of surprise when the answer always ends up being “nope, only 10-20% of active managers are beating the market.”

So, if you’re going for actively managed funds, you’ve got a pretty low chance of actually picking a good one.

It’s no wonder index funds have now become the majority.

I have to admit that I don’t know enough about how the financial markets work to know what would happen if 100% of investors went with passive funds. How would that even work? Is that even possible?
The worst thing that could happen is that they like the game and end up spending thousands of grueling work for a thankless game.

Source: former professional-aspiring player
Or perhaps: "I'm not so sure that would be resolute. Well, I guess that was pretty remolade."

I used a crossword helper this time though.
Did you read the article? These bikes are 2-3 meters long. There is no chance of this type of injury occurring with them.
I think that Panama would not be any near as well off had the Canal Zone remained. We stunted Panama’s political and national growth. It’s not a coincidence that the Thatcher Ferry Bridge was the only bridge across the canal on the Pacific side while America was in control. The political will to develop the infrastructure of the country simply was nonexistent until after we left.
> It's hypocritical of you to not be wearing full body chain mail to protect yourself from bullets and stabbings.

In most countries, the risk of shootings or stabbings are orders of magnitude lower than having a fall or accident on a bike on the road with other types of vehicles.

In certain parts of the US, though? Yeah, wearing body armor would probably be a good idea. I think people just generally try to avoid going to those places as their strategy of risk avoidance, which negates the need for any body armor.
https://www.redwoodmaterials.com/recyclewithus
If you have a decent amount of downtime at work, maybe allocate some of it to mindfully practicing programming skills (or other skills relevant to your job). Maybe look at problems you've solved/tasks completed and try re-doing them the way "someone more talented" would.
No, these days microinverters aren't the bottleneck. The IQ7 can handle up to a 460 W module, with 366 VA output. The IQ8 can handle up to a 540 W module, with 384 VA output. 97.6 efficiency.
Nicaragua was also subject to American imperialism, with entire cities razed to the ground. https://en.wikipedia.org/wiki/Filibuster_War

Several other Central American states are still extremely poor due to the banana republic economic imperialism supported by the United States.

Neighboring Costa Rica avoided that.
>Yes, they did sit down and think that through. That's their job. This is not the first epidemic.

So was “Two weeks to flatten a the curve” the plan that just happened to extended into a year or an always an intended lie?
> There was a post a few days/weeks ago on HN showing Dall-E and human images, and it was quite obvious which was which.

Maybe it was cherry picked?
JSX templating engine for Node.

This isn't necessarily all that difficult to make since Babel can already transform JSX for you. I just want to use JSX as only a templating engine, not with React. I'd use it with Express and Alpine.
The Buffalo shooters victims also included victims that were not of the targeted ethnicity. Why are you so desperate to create some kind of twisted criteria to include some particular racially motivated attacks and not others?
>but, no I won't start over

The result looks very good so don't think it's worth. By the way since you copied your posts to your new blog but still retain them to the old one, you may want to add the canonical meta tag to the old ones.
My bicycle helmet sits on top of my head, and has nothing to do with peripheral vision. Do you wear yours pulled down low over your forehead? If so you're doing it wrong.
Stores like Golden charge for the convenience. Most people in SF live more than 5 minutes walk from a Gus's or equivalent.

Gus's are not faster than a Safeway or Whole Foods in my experience, ethnic markets definitely are.
What was wrong with Netflix is wrong with Spotify, too
That's not my reading of the statute - https://www.legislation.gov.uk/ukpga/1974/39/section/75

Nor my experience.
C# has a lot of performance oreinted features that are rare to find in GC languages. Value types and real Generics, of course, which helped during the dark years when the JVM was clearly better. There's relatively efficient and convenient interop with unmanaged function pointers and other helpers. Ref structs like Span make it easy to efficiently and safely pass around references to buffers rather than copies. In, out, and ref parameters and readonly structs help reduce unnecessary copies in function arguments. The .NET team has been optimizing the standard library using C# SIMD intrinsics. It's a great language for writing convenient code most of the time, and hyper optimizing where it counts.
Sounds like one of the more successful rebranding efforts, thought Cannibal Army has a certain ring to it.
Say I own 1 share of Amazon worth $10 and Amazon earns $1 on that share.

Bezos has 2 options. He can pay me $1 as a dividend or he can reinvest that $1 into his business and make my share worth $11.

His choice does not matter in the absence of taxes and other costs.

If he does not pay out a $1 dividend but I want a $1 dividend, I will sell 1/11th of my $11 share and get $1.

If he does pay out a $1 dividend but I do not want a $1 dividend, I will use his $1 payout to buy 1/10th of a $10 share and now own 1.1 share.

In both cases I have $11.

The difference between this and crypto is that crypto has no earnings. If SBF and his coinmaker friends want to pay me $1 on my $10 ("yield farming") they must do it by taking $1 from new investors to pay me. But who will pay those new investors?
This is absolutely true. Art post-impressionism is a reaction to the camera. I'm excited to see what new art can come of all tech inventions.
The second para of the article addresses this, as does the summary at the bottom. Maybe read the article and respond if your concerns about this particular article are still valid? Maybe it applies to the general "X is a code smell" article.

> Smells don’t necessarily indicate actual issues, just patterns that are likely to be used incorrectly and thus warrants extra care.
This is another way of saying screw poor people
> Statistically 'in real life' extremely rare for this to happen.

Just like most forms of harm; most of the time that you take some form of insurance against a negative event, it's not necessarily because of the likelihood of that event, but the sheer totality of the harm that will occur if that extremely rare event comes to pass.
The thing that I learned was that “essential” really meant “an acceptable loss of life so long as the profits keep flowing to the upper management class”.

This isn’t just demotivating, its dehumanizing, and it’s the reason so many people I work with now won’t lift a finger to help stop the collapse of society. Just the opposite in fact: many people seem to be looking for a match to start the fire.
Is Bionic Reading a concept or a trademark?

How does the behavior of this extension differ from what you'd get using the API?
Wouldn't it be so much easier to just slow these things down, considering they're electric?

I always wondered why I'm such a slow cyclist. Turns out it was because I was riding shared bikes, which have a total of three gears, all of them relatively low.

To reach 16km/h or 10mph in such a vehicle one would have to pedal like a maniac.
Most active funds are in fact mostly beta (indexed funds) with an exception of 5%.

Most articles are worthless, but it's hard for media outlets to say that nothing meaningful happened in their sector today.
I do find myself crying alone when get deep into a song I like, it is not sadness, not happy Ness , but overload of powerfull emotion I can describe, could happen with techno, rap, or other music style. I didn't feel this article was referring to the same thing.
> Underground homes would also be tornado resistant

earthquakes are another problem though
generally central banks raise the interest rate, not governments.

https://www.investopedia.com/terms/o/overnightrate.asp
You are comparing treasury rates a bond will pay out over the next 10 years with inflation over the last year. This is apples and oranges.
Why wouldn’t they?

Name a government or public sector institution that lost power during covid. It’s tough to do.
After you invest a ton of money into a sustainable solution, the one thing you won't do is invest all that money again replacing it with a temporary one.

If the war lasts for long, that gas can easily become uneconomical.
Should voting aim to let one individual voter express their preferences?
I'm from Illinois and euchre was popular at summer camps in the Midwest when I was attending in the early oughts