I was at the Jump Crypto hackathon during the terra luna depeging. Jump crypto has a unique structure because as part of their investment, they get a chunk of coins to market make with. They have no requirement to be on the long side of the market making so during the terra luna collapse they made an absolute killing (Even though terra/luna was one of their biggest investments). Also, jump has it's other business running HFT on the stock market that is much more profitable so it can always bail out it's other side.
have you seen the goop that chicken nuggets are made out of?
Have you seen the McDonalds chickens and cows? They are estrogen-riddled monstrosities. The chickens can barley stand up because of how giant their breasts are.
"have you seen the goop that chicken nuggets are made out of?"
Sure. I make similar goops at home when I cook. Have you ever made sausage? Haggis? Blood pudding? There's nothing abnormal about this. Your reaction suggests unfamiliarity and makes me wonder if you know how to cook at all?
"Have you seen the McDonalds chickens and cows? They are estrogen-riddled monstrosities. The chickens can barley stand up because of how giant their breasts are. "
They're the same suppliers that stock food in my local supermarket.
I think you're a bit confused about why chicken breasts are bigger. Their larger breasts are a result of breeding, not increased estrogen. Increased estrogen doesn't increase muscle development (wrong hormone). Chickens are not mammals and chicken breasts are not mammaries.
None of this has any bearing on the quality of the food.
Captcha's, rate limiting, slight changes to the way you interact such as changing words, changing positions, etc.
This is a solved problem, but these things create friction for the user. And friction is the opposite of what modern tech says you want to provide to your user.
Get them to endlessly scroll, comment thoughtlessly.
I would argue that might have been true 5 years ago, but now it's proving to be the competitive advantage. Batteries and the materials that produce them are no longer selling at 'Razor thin margins' because the 'Commodity' is extremely constrained. No EV manufacturer can get enough batterys to produce the cars they sell.
It’s a temporary state. There’s nothing at the core that would make batteries not a commodities, production just needs to pick up (and both suppliers and raw materials producers are making huge investments to make that happen). Plus we’re in a weird state where COVID supply chain issues and overheating of economy makes it very hard to reason about true state of the market.
But please tell me who has that competitive advantage? Tesla? They’re Panasonic/CATL shop, with negligible amount of in house production.
so what you're saying is they are not only copying the good parts of Tesla (Electrification) but also the bad parts (lying about future production?).
Ford made 30k electric vehicles in 2021, 600k means a growth rate of %1900 in the span of 2 1/2 years (They need to be at the run rate in 2026)?
Battery packs were a problem to Tesla in 2018 and now they've moved onto the bigger problem that no one is talking about.... There isn't enough lithium and nickel production to even make this possible.
That's why Tesla launched its own mining operations in Nevada.
Also, its not like Elon hasn't been screaming about lack of nickel and lithium production since like 2018, just no one seems to be paying attention.
For one, Ford also made 1.7 million total vehicles in 2021 (down from 2.5 million pre COVID) so using their EV only rate doesn't necessarily capture the whole picture.
But mainly, they don't need to actually make 600k EVs in 2024 for it to be true that they have contracts in place to purchase that many batteries if needed.
As for Tesla's mining chops, they bought mining rights in 2020 and as of April 2022 they haven't even broken ground, with Elon saying "price of lithium has gone to insane levels! Tesla might actually have to get into the mining and refining directly at scale, unless costs improve."
I guess while Elon has been screaming about it other companies like BYD and CATL have been the ones actually scaling global production.
> In May 2016 Tesla told its suppliers that it intended to double earlier-announced[clarification needed] Model 3 production targets to 100,000 in 2017 and 400,000 in 2018 due to demand
> In October 2016 Tesla said its production timeline was on schedule.[115][116][117] Again in February 2017, Tesla said that vehicle development, supply chain and manufacturing are on track to support volume deliveries of the Model 3 in the second half of 2017.
> As of February 2017, Tesla planned to ramp up production to exceed 5,000 vehicles per week in Q4 2017 and reach 10,000 vehicles per week in 2018.[111]
> By early November 2017, Musk had postponed the target date for manufacturing 5,000 of the vehicles per week from December 2017 to March 2018.
- 100,000/yr in 2017: fail, occurred in 2018
- 400,000/yr in 2018: fail, occurred in 2020/2021
- Volume delivery in in 2H 2017: fail unless you consider 1764 to be volume
- 5000/wk in Q4 2017/March 2018: fail, produced 187/wk, probably first broke 5000/wk Q1 2019 (total quarterly rate was almost 5k/wk)
- 10,000/wk in 2018: fail 4,722/wk Q4 of 2018, probably first broke 10,000/wk at the tail end of Q3 2020 (total quarterly rate was almost 10k/wk) as long as we include model Y production as well
Now I wouldn't call this lying, but its definitely not consistently hitting production goals either
I think Mach-e is the only BEV Ford sold in 2021. The E-transit and F-150 Lightning both started sales in 2022. They were selling anumber of PHEVs but many people don't count those as "EV" production.
Bias exist in us all. It's innate. It's what makes us alive.
However, We've never been able to effectively label our bias. We build up these preconceived notions based on our experience and we put them in certain categories that often turn out to be mis-categorized. Taking an example from the article
>I think we would perform better under a non-indian manager
Instead of labelling your bias with 'Race/Class/Caste X', label behavior. We as a society need to be more honest about our bias and use stronger words like "Incompetent, lazy, scattered, arrogant, ineffective". Otherwise you have miscatergorized an entire group of people, not based on behavior but because of some inherited trait.
that was my initial thought as well, but you are limited by the availability of financial instruments as you move up the chain to inputs. Outputs are easy to craft instruments around, but inputs are what a business is.
Without a futures market, you don't get futures, you get forwards, don't you? Forwards don't have enforcement for when the seller goes bankrupt, which leaves the buyer out any money paid in the forward contract and needing to find another supply at market price. That's my understanding, at least.
>Without a futures market, you don't get futures, you get forwards, don't you? Forwards don't have enforcement for when the seller goes bankrupt, which leaves the buyer out any money paid in the forward contract and needing to find another supply at market price. That's my understanding, at least.
Correct. You have an over the counter market with different derivatives.
> Forwards don't have enforcement for when the seller goes bankrupt, which leaves the buyer out any money paid in the forward contract and needing to find another supply at market price. That's my understanding, at least.
You're referring to counter party risk. A futures exchange seeks to eliminate this type of risk with daily settlement of positions, margins, etc.
Calling them forwards implies that they are tradable securities.
I’m talking about going to the local farmers coop and purchasing next years fertilizer, fuel, etc. months in advance for a set price to be paid and delivered in the future.
When you sell your outputs it’s a good idea to buy your inputs at the same time. The outputs are often exchange traded commodities, the inputs are often contract purchases with local dealers although you can also hedge with appropriate exchange traded commodities.
A.) you are expecting farmers to be quants,
B.) There are 10000 more inputs to farming than what you described. Labor being a major one.
Financier:
"Well Jim, I know you were focused on digging the irrigation for your farm but with 'Free Money' in the economy, valuations for real estate and other commodities were going to rise. The Delta's on your futures were all out of wack!"
Jim:
"What's a delta?"
