I get where you're coming from - this response seemed overly harsh. But I do think there's an important difference - this petition is anonymous and criticizes three people by name. Armstrong's response criticizes nobody by name (he couldn't!)
Really frustrating that three consecutive comments just claim "not as good, "same", "not as good". Would it be so hard to name a particular feature that matters to you when saying Signal is lacking? Otherwise what's the point of your comment?
Grubbhub, Seamless, Eat24, Foodler, DiningIn. They were all around and fairly large by then. But they didn't go big on spending VC money, so over time DoorDash wins. Pretty interesting, however it turns out.
I appreciate your measured response. I certainly had not dug deep into these daily 3X funds, as the daily/drag aspect seemed (seems?) clearly a problem. But, I can't just pretend the 10yr history of UPRO doesn't exist. I'll have to think more about this.
If it were possible (I recognize it isn't, due to margin limits), would it not be better to be 3x leveraged in your margin account, and simply buy the basic S&P and bond products? Wouldn't that avoid the "drag", and you'd end up better off?
Edit: For more clarity - risk parity can make sense, but I don't think you ever need to use leverage on your equities to get risk parity. The fundamental insight of risk parity investing is that at commonly recommended ratios (50/50, 60/40) the risk (variance) from equities totally dominates the risk from bonds. So the risk parity advice is usually something with a much higher bond mix, but the entire portfolio is leveraged. But DO NOT use levered ETFs that recognize, say, 3x the DAILY movement of the S&P to do this. They don't do what you think. Read that link, or compute the following two scenarios:
1) Market goes up 1.1% on odd days, down 1% on even days. That yields about 9% (200 trading days). But a 3x daily etf product would only get you about 22%, not 27%.
2) Market foes up 1% on odd days, down 1.1% on even. That, sadly, means you lose about 11% on the year. If you use a 3x DAILY etf product, you lose around 75%.
If food delivery and ride hailing continue to experience inverse demand relationships, there's a pretty big synergy here in being able to keep your drivers (oops, I mean the independent business owners you've contracted with) busy.
I get the feeling, but I rarely think "I'm completely done now, time to comment!" Better to admit that and document a bit earlier than when it's "finished".
"Banning a book" colloquially means that nobody is allowed to read that book, it conjures images of book burnings and the gestapo searching your house for contraband. "Banning" a repo here means, "Github is not offering you free resources to develop your code. Fortunately, you're using a distributed source control management scheme so everyone has a backup. Please take it elsewhere."
Sharepoint has an uncertain future? I had never heard of it a year ago, but as I got to know the "enterprise" space, it seems every large company is heavily invested in it. What might replace the need to share documents across a company in the MS world?