346800+ entries in 0.091s
mircea_popescu: i would like to know why other stuff like spylog or begun aren't listed there
mircea_popescu: and if they list badoo, which is owned and operated by the russian... shall we not call it online fraud division, but merely refer to it as "Андрей Оганджанянц".
mircea_popescu: a history of fraudulent behaviour, and random cardboard web ventures
mircea_popescu: Badoo is a dating-focused social networking service, founded in 2006, which uses deceptive tactics to attract new users
mircea_popescu: "team". whio ? they have a website which consists of... "we"
mircea_popescu: random website with a domains by proxy registration and a prepackaged css suite slapped in fails to impress.
mircea_popescu: but some actual auditor with an actual track record of auditing.
mircea_popescu: i think perhaps you're unfamiliar with what an audit is ?
mircea_popescu: so coindesk links a pdf published on bitstamp;'s website
mircea_popescu: (this is useful for the fractional reserve business not exactly because it improves cash flow, which it does not, but much moire because it allwos it to "see into the future", as it were, ie to know ahead of time what financial resources it will need down the road)
mircea_popescu: Bunnyh unless they have a fractional reserve problem and then they do rolling window withdrawals
mircea_popescu: bitstamp is like a respectable business and everything
mircea_popescu: kakobrekla is that what they say when an acct is unverified ? or is it what they say when they're out of btc ?
mircea_popescu: but literally it'd be "they go looking for cunts to make fall-in", as in the military thing.
mircea_popescu: His Most Eminent Serenicy, Patrick Byrne, Messiah-CEO of the Bitcoin Realms
mircea_popescu: because privileged upper class british explorer people got bored playing the anthropologist
mircea_popescu: all these kids running around acting as if universal equality is somehow a fait accompli.
mircea_popescu: some people are better than others. intrinsically so. unequivocally so. what of it ?
mircea_popescu: all this aside : nobody has so far explained what the problem is with privilege in the first place.
mircea_popescu: lulzy : as it is downgraded to "one of the world’s leading advocacy groups for the cybercurrency," bitcoin foundation hires jim harper and some pr
mircea_popescu: apparently a smaller amt of phone number isn't better after all!
mircea_popescu: sence in the picture will accentuate erratic price swings unrelated to underlying business developments.
mircea_popescu: split or in anticipation of one would definitely downgrade the quality of our present shareholder group. (Could we really improve our shareholder group by trading some of our present clear-thinking members for impressionable new ones who, preferring paper to value, feel wealthier with nine $10 bills than with one $100 bill?) People who buy for non-value reasons are likely to sell for non-value reasons. Their pre
mircea_popescu: Were we to split the stock or take other actions focusing on stock price rather than business value, we would attract an entering class of buyers inferior to the exiting class of sellers. At $1300, there are very few investors who can’t afford a Berkshire share. Would a potential one-share purchaser be better off if we split 100 for 1 so he could buy 100 shares? Those who think so and who would buy the stoc
mircea_popescu: with at least several thousand public shareholders and more than $1 billion of market value, we are almost certainly the leader in the degree to which our shareholders think and act like owners. Upgrading a shareholder group that possesses these characteristics is not easy.
mircea_popescu: Investors possessing those characteristics are in a small minority, but we have an exceptional collection of them. I believe well over 90% - probably over 95% - of our shares are held by those who were shareholders of Berkshire or Blue Chip five years ago. And I would guess that over 95% of our shares are held by investors for whom the holding is at least double the size of their next largest. Among companies
mircea_popescu: Through our policies and communications - our “advertisements” - we try to attract investors who will understand our operations, attitudes and expectations. (And, fully as important, we try to dissuade those who won’t.) We want those who think of themselves as business owners and invest in companies with the intention of staying a long time. And, we want those who keep their eyes focused on business resul
mircea_popescu: In large part, however, we feel that high quality ownership can be attracted and maintained if we consistently communicate our business and ownership philosophy - along with no other conflicting messages - and then let self selection follow its course. For example, self selection will draw a far different crowd to a musical event advertised as an opera than one advertised as a rock concert even though anyon
mircea_popescu: acceptable dress. Shareholder eugenics, therefore, might appear
mircea_popescu: intellectual capacity, emotional stability, moral sensitivity or
mircea_popescu: Entering members of a shareholder “club” cannot be screened for
mircea_popescu: Astor could select her 400, but anyone can buy any stock.
mircea_popescu: To obtain only high quality shareholders is no cinch. Mrs.
mircea_popescu: it is in both your interest and ours to minimize their occurrence
mircea_popescu: buying and selling the stocks of other companies. But we think
mircea_popescu: manic-depressive valuations. Such aberrations may help us in
mircea_popescu: appear periodically. Manic-depressive personalities produce
mircea_popescu: based decisions, some pretty silly stock prices are going to
mircea_popescu: buyers attracted to it are prone to make irrational or emotion-
mircea_popescu: If the holders of a company’s stock and/or the prospective
mircea_popescu: a rational stock price is rational shareholders, both current and
mircea_popescu: from value, Berkshire might well be priced similarly.) The key to
mircea_popescu: companies are generally selling in the market at large discounts
mircea_popescu: note “rationally related”, not “identical”: if well-regarded
mircea_popescu: a price rationally related to its intrinsic business value. (But
mircea_popescu: One of our goals is to have Berkshire Hathaway stock sell at
mircea_popescu: split would be a pro-shareholder action. We disagree. Let me
mircea_popescu: The assumption behind this question usually appears to be that a
mircea_popescu: We often are asked why Berkshire does not split its stock.
mircea_popescu: it's unlikely to buck the us emigration trend, but who knows.
mircea_popescu: people who like it can move to ny, people who don't like it can move out of ny.