It's recursive as well, you now need to store how many levels of indirection of indices you had to resolve, which will in turn take 20TB to store, unless you store that in pi as well, which in turn...
> but I don't see many companies stepping up to provide competing services
Maybe because the US dropped most of its anti trust regulations, leading to ridiculously monopolistic practices such as "acquire everything that may be threatening".
> Like that, a few companies are specialized in sucking public funds and delivering nothing.
Not just public, private funds as well. Typical EU, I call that helicopter regulating: you see a problem, throw a regulation at it, then close you eyes.
GDPR pop-ups are the most obvious example, but there are so many more.
For instance, now apparently companies can opt to send payslips digitally instead of physically (paper). Of course, some smart ass nitpicked that employees could loose or change their mail address, so the company is now forced to store digitally delivered payslips in some kind of European-hosted vault for 10 years. And since no sane company want to be liable for that, we now have a wonderful ecosystem of trash "payslip digital vaults" startups, which companies use to proxy-send employee payslips.
So in essence, my company is now sending my payslips (with name, address, contact details, compensation breakdown, etc) to a stupid start-up with egregious ToS, just because "send it by mail and let the employee back it up" was too simple. Thanks !!!
> Textmate (and its revolutionary text-snippets) were the catalyst to my migration
Hooo damn TextMate snippets, that brings back memories. Hard to convey how hyped I was to use these. That is also what drove me to Mac at that time. I remember writing hundreds of those snippets for every possible C++ construct, and <tab> to fill in variable name, type, loop counters and so on.
I think most people trade synthetic, just because it's faster and you don't have to wait for settlements, but maybe that is different if you trade onshore (I am a foreign investor).
Anyway if you are synthetic your margin is most likely shared between shorts and long on the same instrument, so no, you wouldn't be called.
"Tech stocks are growth stocks", that's pretty much how the market sees them anyway.
So essentially, they are not expected to be boring businesses yielding stable dividends to investors. That's your aristocrats stocks postioning: J&K, P&G, etc.
What is expected from tech stocks is the opposite: small to no dividend, reinvesting inflows into ever growing new businesses and technologies. A tech stock distributing dividends to shareholders instead of reinvesting in new projects would be seen as a mark of failure to innovate, incapacity to grow.
> Facebook doesn't get the money when you buy a share of META
Technically no, but in reality yes, because shares are used as currency.
For instance, META does not acquire companies using cash, they use their own shares as payment. The higher the stock price, the lower the dilution.
Same thing for stock options and RSU.
So, it's true that stock prices don't translate 1:1 to cash inflows, but wherever stocks are currency (employee compensation, benefits, acquisitions, etc), it does translate.
Yes you are, and options are complicated. Actually, the mere fact that you think they are "simple insurance" is enough proof to me that you probably don't understand it enough to safely buy one.
> You are buying a contract
Oh right, you've bought a PUT, now the fun part: you have to manage your position/exposure, could you enlighten me how you do that?
Could you explain me why buying a SpaceX PUT in a high IV regime (e.g. soon after IPO) will have it drop 40% when the IV decreases after 1 month, even though price moved in my favor? It should be simple, it's just a simple insurance product right?
Seriously. Someone, likely not super financially literate, ask a simple question about how to neutralize a stock exposure, and your answer is to advise buying options? Just stop.
I thought about that a lot too, and in the end I think it just comes down to stupid economics: What do you want them to do with all this money?
1) Most top US tech companies are flooded of money. Everyone dumps money in the SP500.
2) This money has to go somewhere. You can't just redistribute it as dividends, otherwise it's an admission that you won't grow and giving you more money would be a 0 sum game.
3) So you have to invest it somehow, somewhere.
4) Obviously you can spend that money buying whatever company you can.
5) Once you've bought realistically enough, you just hire more, and people will think that there should be some kind of linear relationship between resources spent and revenue growth.
6) You can also do grand projects, like the metaverse, convert all you software to blockchains, become AI native, etc. and dump billions on these.
So essentially it's all about projecting growth and potential.
> I'd love is some sort of trade that would eliminate my exposure to SpaceX
You can just short SpaceX of an amount equivalent to its share of your SP500 holdings. You will have to pay borrowing costs though, but on something that liquid it will be very small.
I switched to ZMK circa 2024, and never looked back at QMK. I am the proud owner of a Corne wireless from typeractive, and it's such a beautiful product. The nice!nano are also a welcome addition.
There is a growing community of enthusiasts starting to sell ZMK powered boards from traditionally QMK based designs, so if you're interested, Etsy is where all of this is happening. MochuKeeb is a good example.
Thanks a lot for your part in the journey to modern, wireless custom keyboards Nick!
A domain squatter is in an easier position to automate that than an amateur to not forget to respond.