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BoggleOhYeah

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Yeah, that’s just scamming. Unfortunately, that’s pretty common with the camel vendors.

Since camel rides are almost exclusively bought by tourists, it attracts scammers that see the “customers” as easy marks.

The government won’t do anything about it until it starts negatively affecting the money coming into the country via tourism.

That’s not what the article primarily addresses though and the study itself didn’t control for obesity. They make note of it at the end to say that the obesity cause is in dispute but the bulk of the article is focused on other potential causes.

It’s like we need something more interesting than “people sit too much and eat too much”.

There is some truth to it.

401ks and pension funds have large amounts of money in index funds.

Major indexes like VTI will buy SpaceX after a waiting period as long as it satisfies other rules (and there have been some rule changes in various indexes to make something with low float like SpaceX eligible for inclusion).

However, most indexes are float-adjusted, meaning that they will adjust the amount of shares of a company in the index based on their float, not their total shares. So, they will initially pick up small amount of weight/shares around the IPO.

The NASDAQ-100 has been bending over backwards to cater to SpaceX, which makes some sense because they want it listed on their exchange. They changed their inclusion rules to include a fast-track for IPOs. This type of mechanism isn't uncommon in other large indexes (VTI has had fast-track rules for a long time) but the timing does make it appear that they changed their rules for SpaceX.

Other providers have made changes to float requirements for inclusion.

The NASDAQ-100 (QQQ being the popular ETF tracking it) is also not float adjusted and, instead, has some capping rules for low-float securities. I haven't done any projections but it seems that NASDAQ-100/QQQ will pickup more shares than the float-adjusted indexes.

Eh. I think it’s fair if Apple doesn’t want to publish something on their app store.

I just wish they weren’t so obstinate about people installing from other sources without signing/notarization. I understand it from a security standpoint but it’s also nakedly self-serving.

I’m glad that they’re fine with signing in this case.

Nvidia RTX Spark 2 months ago

I've tried the Z13 Flow and I actually like the form factor except for the folio keyboard. I especially like that, since it's a tablet, it vents hot air out the top instead of into your lap/table. But the whole driver situation was very weird and things would randomly stop working. That may have improved since I tried one ~1 year ago.

Most don’t. The one that is the center of much of the controversy around these IPOs, NASDAQ-100, doesn’t use float adjustments.

A lot of people have been using it to passively invest in AI (via QQQ).

It’s nonsensical for a variety of reasons but we live an era of the stock market just being another casino…

Nvidia RTX Spark 2 months ago

Kinda underwhelming. I was hoping to see that they improved their memory bandwidth to move toward competing with the M5 Max. But this is more akin to the Strix Halo.

They will have a big impact if they can maintain share price AND the float increases due to the lockout period expiring (ie. pre-IPO owners selling off shares).

I'd like to know how the CRSP/Morningstar folks feel about the interesting lock-up period rules that Elon has inserted into the SpaceX IPO and how that jives with their analysis.

The person I was responding to was speaking to the fast-track concept, which has been a thing in CRSP indexes for a quite a while.

The float requirement changes are directly due to these huge IPOs only placing small amounts of float on the market. Their goal seems to be tracking the market and making this change prevents them from excluding two notable companies from their indexes.

IIRC CRSP indexes are float-weighted so they aren't going to attempt buying a ton of these IPOs anyway due to that low float.

Again. Would I have made the change? No because placing that little float on the market isn't kosher IMO.

This has been a thing in the CRSP indexes (ie. the benchmark for Vanguard’s VTI) forever. As long as it meets float and cap requirements, it’s inserted into the indexes five days after trading begins.

It makes sense. They intend to track the market as it is.

Though, you can definitely make the case that the popularization of index funds has allowed their holders to essentially become patsies to hype IPOs.