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ekjhgkejhgk

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So what you're saying is "the reason companies don't sell equity at these huge valuations is because investors wouldn't buy" (or wouldn't buy in the necessary amounts)?

I wouldn't be surprised if that's part of the calculation at these companies... And attempted and failed equity sale surely would have a bad impact on stock price.

I like this passage

Frames are made out of the details that seem important to you. The important details you haven’t noticed are invisible to you, and the details you have noticed seem completely obvious and you see right through them. This all makes makes it difficult to imagine how you could be missing something important.

What exactly is dangerous about this climb? What kills people specifically?

I hear people talk about the weather, visibility, injuries, etc etc. But all of those, if you stay put they're not problems, right? The only real problem I can think of is temperatures so low that your equipment can't contain heat loss for long enough and your body will shut down.

Ok temperature. So if this is the only danger (that can't be addressed by staying put) then could it be addressed by thicker clothes and/or electrically heated clothes?

Not trolling, real question.

Reading this for the N-th time inspired in me the observation that one difference betweent software engineers and carpenters is that software engineers tend to spend most of their time dealing with things they've never seen before, or variations therefore (new bug, new OS, new framework, new programming langauge, etc etc) whereas carpenters tend to spend most of their time doing the things that they know how to do perfectly.

reconstruction fund

Literal reparations:

https://en.wikipedia.org/wiki/War_reparations

War reparations are compensation payments made after a war by one side to the other. They are intended to cover damage or injury inflicted during a war.

Another war lost by the USA, despite its infinite military supremacy. Weird.

One observation that comes to mind is that a lot of people in the world realize that the interests of the US and of Israel are not aligned, but American policy makers keep pretending they're one and the same. This was completely self-inflicted and it's not the first time. (The Iraq war cost what, trillions?) It's quite incredible.

I'm not the person you were responding to, but I could've written the same as they did, so here's my reply:

I don't dispute that in aggregate the effect was positive. But I spend more time thinking about things which impact me directly, and I assure you that in my personal life it used to be a problem, and fixing it was an improvement.