The net margin of around 1.5% seems more relevant: the gross margin is just the revenue minus the cost of good sold plus cost of transportation. The net margin is the money you have left after paying things like Rent, employee wages, electricity, taxes, interest on debt.
as the time period gets longer, the the more likely it is that the numbers represent the true performance of the business rather than randomness. That has to be balanced against the fact that investors get less frequent updates i.e. the information is now potentially 6 months out of date rather than 3 months at worst. But then its just a judgment call of the relative benefit of each - you could argue that with modern accounting systems, modern companies could deliver weekly or even daily earnings , which would give investors much more timely information, and the high frequency would probably mean it wouldn’t be worth making the effort for management to fudge the numbers to bring forward or delay revenue one day or one week. There would be a lot more variance in the numbers if they were daily, but thats a good thing - it would just reflect the underlying randomness, and then the investors could decide when the accumulated trend over a period of time is meaningful or not, instead of management wasting time massaging numbers into a fairy tale of steady growth.
I think the issue is that you can only be registered to vote in one jurisdiction. So being a citizen isn't enough (though as I understand it, many jurisdictions let you cast a provisional ballot in these situations)
and you’re claiming the process still isn’t complete more than 40 years later? shouldn't the wealth gap between the poor in the US vs the poor in Afghanistan be starting to get smaller if your argument is correct?
why is returning the cart intrinsically some sign of “goodness” but returning your plates to the kitchen and washing them at a restaurant is not? The customer is at the store to fulfill their needs, not the store’s. Taking the groceries from the checkout to the car in a cart helps fulfill the customer’s aims. Returning the cart does not, same as picking up trash in the store car park does not. And the revenue from customers pays for return of the carts from the parking lot, so most customers feel that is a better deal than a place that forces them to return the carts.
The original article and many of the comments have a hugely moralistic tone - where are people expected to learn these implicit rules? If the store doesn’t care enough to communicate these expectations (assuming they even have them, and that they don’t only exist in the minds of the self-appointed “cart police”), why should customers follow them?
fyi, the account confirmation email redirects and ends up on a tab with address localhost:3000. looks like it did work, i was able to login after that, but many users may assume it failed and give up
Sure, except Moses and the Jewish people were on the land around 1500 BC, and the Islamic religion didn't start until after 500 CE. So the Jewish people got there at least 2000 years earlier, so if we are doing the "who ethnically cleansed who" game, I think the Jewish people appear to be at most, reversing the previous ethnic cleansing? Or is there some kind of moral "expiry date" on ethnic cleansing?
very glib (though true) - but do you have any evidence in this case as to what reality is? If so, could you please explain how the given statement is "contradicted by reality"?
It's a statement communicating her strength of opinion, I find it hard to understand how you perceive that as "fanatical" - what would a "scientific method of evidential support" even look like in a domain like business? Is she meant to publish a paper with p-values of his effectiveness running YC or being a YC partner? If she pointed to the success of YC during his tenure (which she could well have done with justification), you'd probably complain there were many other factors (true) and so was only association, not causation?
You realize that when forming a company, the number of shares you issue is arbitrary, right? If three founders each put in $1 capital, and each get 1 share, then the price per share is $1. If instead the founders get 1 million shares each, then each share is worth 1 millionth of a dollar. What economic difference does it make?
Or are you claiming that on the day that he paid $0.001 per share, someone else paid more per share? If that didn't happen, there is NO WAY to determine after the fact what the “true” market value was on that date.
“ buy a stake in a startup that has a good chance of one day exploding in value.”
the propublica people must be rich, if they can reliably identify these kind of startups - everything is easy in hindsight. They also missed the bit where thiel paid tax on the $2000, that he invested. The whole idea of retirement accounts is that you either pay the tax at the beginning, or you pay at the end.
I’m a physician, the biggest culprit in the opioid crisis is the government. They are the ones that started telling doctors that “pain is the fifth vital sign”. They are the ones that said they would pay doctors based on results of patient surveys - it turns out that addicts wanting opiates from doctors give you bad scores if you don’t give them what they want. And that has nothing to do with capitalism - more the opposite, it shows how good intentions together with the overwhelming force of the government can ruin people’s lives. So maybe we shouldn’t be so quick to encourage the use of government power in those cases where we agree with the political party using that power?
To everyone in this thread who has this overwhelming righteousness indignation about mckinsey - have any of you ever asked your elected representative about their view of the government’s responsibility for the opiate crisis? Would you ever vote differently based on the answers they give? Did any of the state attorney generals who are going after private companies ever do anything to stop the (federal) government encouraging the increased use of pain medication?
This is a classic example of unintended consequences by the government - the companies were just responding to the incentives the government created.
Biggest difference I found moving from Europe was that you can make a right turn on a red traffic in many states in the US (but not in New york city apparently!). You have to treat it like a stop sign and yield to any traffic on the road you're joining. Ends making a journey of rights turns much fast than one with left turns, particularly in rush hour
On Google maps on mobile, you should be able to touch the volume icon, then pick one of three audio modes, on, off, or one in between where I think it just gives you warnings but not street by street directions (has a speaker with a ! next to it as an icon.
But it only shows up when you are actually routing