Robinhood had to take a billion dollar emergency loan to meet it’s requirements. We have seen Robinhood is a very shakily run brokerage with lots of downtime and was fined last month for illegal activity in how it handled client accounts. Interactive Brokers CEO pointed out that if one brokerage goes bankrupt, the other brokerages are obligated to pay off its debts.… read more “Risk of Broker Bankruptcy?”
Why are people saying that short selling is immoral? You buy a stock if you believe a stock is undervalued, you short it if you think it is overvalued. In either case, you believe in something and take a risk based on that. Short sellers help price discovery and often uncover frauds like Enron. Short sellers take more risk and lose money more often than buyers, and short selling itself is not immoral.… read more “Short Selling Is Not Immoral”
This will probably be my least popular post ever, but the explanation needs to get out there for why Robinhood stopped trading on GME.
Selling a stock short is NOT illegal. It is a perfectly valid type of investment according to the SEC:
“D. Are short sales legal?
Although the vast majority of short sales are legal, abusive short sale practices are illegal.… read more “Why Robinhood Stopped Trading on GME”
Anyone else notice that WSB reads like a religion? And that Trump supporters have faith without evidence, just like religion?
Perhaps most humans cannot truly be atheists, but will always be caught by something to believe in.
I built a toddler climbing toy for indoor use. It is very simple and just made from 2×2 lumber and closet dowel rods I bought from Home Depot. I think the total cost of the materials was $50-100. I cut the lumber to size, then screwed together everything. The base is 8′ long, the back side is 4′ long, and the long side of the triangle is around 9.4′ I believe.… read more “Toddler Climbing Toy Indoor – DIY Framed Lumber”
I bought a $200 canopy on Amazon that turned out to be not very sturdy and kept blowing across my yard. I built a wood frame with my buddy, and secured it with big rocks based on another Youtube video I had watched. Unfortunately, my plan did not go well as you can see. I have learned from this and hope to build a actual framed tractor shed to replace it.
Each culture and time has its own allowable levels of violence. In some cultures, even murder is appropriate for what we may consider minor offences. I think America of 2021 probably has the highest bar for allowing violence of any culture or time I have heard of; kids are expelled from school for throwing punches, and people are convicted of manslaughter when they act in self defense many times.… read more “Appropriate Levels of Violence by Culture”
Humans are machines that output the results of the system we are in.
We believe we have far more individual freedom and liberty of thought than we truly do. Science has shown that many things we think we do or believe from our own preferences are actually determined by the environment we are in.
We are genetically identical to humans from the last 10,000 years.… read more “Systems Thinking”