I don’t disagree, but I'm also not talking about debating a Mediterranean diet vs keto, I’m talking about cutting out fast food and big gulps…
HN user
cascom
If people want to exercise choice - by all means, and I’m happy at the margin to punish Boeing, but I agree from a personal risk standpoint it’s probably inconsequential.
I’m always amazed at where people spend energy mitigating risk, I had a coworker who was worried about taking the Covid vaccine but was hardly the picture of health and rode a motorcycle to work many days - it’s like putting down the beer, eating a salad, and taking the bus will give you massive gains in life expectancy vs some minor unknown delta with the Covid vaccine, but to each their own. I just wish we could get people to use micromorts (https://en.m.wikipedia.org/wiki/Micromort)
Those same people are now in the rehab business bilking the healthcare system for money
HK is over unfortunately
But to be fair, none of those hedge fund’s employees are employed by the caymans entity, and the only reason they are not in the US (at least for US hedge funds) is to accept non-taxable us investors and foreign investors, U.S. taxable investors typically invest through a Delaware LP.
The short version is that the employee’s country of residence will dictate on all of these variables rather than the country of the employer. I don’t think a foreign employee of a U.S. company has any US status
Yes they can
Short version - do it where or near where the bulk of your 1) customers 2) investors 3) leadership team are likely to be located, that also is not an administrative hassle. Stay out of continental Europe and tax havens that you’re never going to step foot in.
From a practical standpoint all small companies are out of compliance with tons of laws, they just fly below the radar, and do their best (not from a desire to be non-compliant, but that the laws are impossible to comply with without armies of accountants and attorneys) So do the best you can and move on with your life. You’re going to have the same employment problems with your German employee regardless of whether his employer is in the Isle of Man or Australia, so just suck it up and hire a an accounting firm to do the personal tax returns for the team and focus on your business.
Walmart actually diligences it’s vendors and manages its upstream supply chain - Amazon does zero diligence on its vendors and doesn’t manage its upstream supply chain
Amazon is great for random stuff that is <$25 and you don’t put close to/in/around your body/food. I.e. if you need some calculator batteries or a book, great - you’re insane to risk you or your family’s health buying food/personal care/kitchen products/toys that are counterfeit/potentially toxic on Amazon
(Not a lawyer etc.)
If you didn’t have a US founder I think you’d have more options, but since you do, just embrace the US - it’s will also be the easiest from a fundraising standpoint, and one of the cheaper options.
I actually think the US gives you the most choices from a vendor standpoint, and is the cheapest (or one of the cheapest from an administrative standpoint).
Regardless, definitely do it in a jurisdiction where one of the key founders actually resides (ideally the CEO and/or CFO) as that just makes the administration much easier to have someone on the ground.
No
Well 60% is insiders and 5% is institutions, which means the other 35% are likely individuals that are in for a rude awakening when they open their brokerage statement (and were likely the victims of some form of pump and dump).
Second you can’t get a borrow or it’s super expensive so there’s no marginal seller…until random retail investors or insiders bail…
Who knows what the algos, market makers, and stock promoters are doing with the stock, but a bunch of wash sales
If you can’t explain what you do to a grandparent or child, I’m not sure you really know what you do either…
These trades become hard at this point, as the stock available for borrow becomes limited and expensive (all of the float is already short)+ the potential for a short squeeze increases (increased by the fact it can be manipulated by insiders)
In my experience government regulators are typically follow their incentives which is tot take on cases that are easy (some one else’s does all the hard work and puts it in their lap), generate career making headlines, or generate revenue for their office (regardless of whether the targets actually did something - extortion)
I guess what I’m trying to get at is, as a practical matter, there are many tasks that are <1day of work, how do you bill for those tasks? Hyperbolic example: have a 1hr client call, charge for day’s worth of work, pursue non-work interests the rest of the day?
I think the incentive to bill 41hrs vs 40hrs is real, but talk to a lawyer about whether they care about 2301hrs and 2300hrs for the year and I think you’ll get Avery different answer
The key to being able to transition to value based pricing is having a differentiated skill set
Do you double bill client days? Many client tasks may just be a phone call or emails?
Slightly off topic, and talking to users is the first step, be careful what you wish for. As an example, I subscribe(d) to NYT Cooking, they solicited my feedback on the search functionality (which is broken - full on broken, search for omelette and only one of the first six results is for an omelette, filter for low carb, no omelettes come up, etc.) I got so pissed writing my review (realizing I was paying monthly for a broken service) and getting zero response after them soliciting my feedback I canceled my subscription…
Ehh - the more typical one is that the person already paid tax on it when they made the money the first time
If you’re “trading” the mortgage, you mark to market, but if you hold it for investment then you don’t (this is driven by bank capital requirements - if I need to go raise capital every time interest rates went up that would create huge problems (despite the credit staying the same (if not improving))
There are 950k homes for sale in the us today (down from 1.05m a year ago)…if I sold $50b of homes tomorrow @ $430k median price = 120k that would bring inventory levels back to where they were a year ago and represent 2% increase in annual home sales (on ~5.8m), by your logic national home prices would drop…I don’t think that’s a large enough number for that to happen… maybe if I sold $0.5T?
“Remortgaging every couple of years takes a bit of time, and shopping around, but is much cheaper”
This is an incorrect statement. It is true only if short term interest rates (on average) remain flat or decrease over the next 30 years.
Put another way, by getting a fixed rate loan you are paying for insurance against rising interest rates (+inflation), you’re saying it’s ALWAYS cheaper not to buy insurance - but the honest answer thsts probably been true recently, but not always historically, and may not be true in the future.
Except no bank (at least in the us) will cut that deal, because they don’t mark those loans to market.
Only if your savings are not robust enough to bridge you to replacing that income stream or you think home prices will be in a secular decline
There have been a lot of headlines about this, and in the handful of markets I’m sure this has a price effect, but in the us market as a whole, they are $10b-$100b? of a ~25T market, it just doesn’t move the needle
[seek the advice of an expert not internet commenters when it comes to this stuff]
From a safety standpoint, age isn’t your problem - it’s whether the aircraft has been properly maintained.
As to price, they’re cheap because they 1) have meaningful deferred maintenance liabilities (inspections, engines) 2) have high variable operating costs (fuel inefficient) 3) need upgrades (avionics, interiors) 4) maintenance volatility (could be problem free or have a $300k issue tomorrow / no maintenance service plan)
See my original comment - those are super-midsized (challenger 350/3500) to large cabin ( challenger 650 and Globals)
The market is: very light jet, light jet, midsize, super-midsize, large, large/long range, private airliner
Bombardier is exiting the light jet market, and staying in the super-midsize, large, large/long range parts of the market.