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Things you just don't get

Fueco

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He’s deliberately tanking the stock price, effing over lots of investors, regardless of their political ideology.
 

Fueco

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Sure, but why do people take him seriously? This should be grounds for jail time, at a minimum.
 

venividivicibj

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Sure, but why do people take him seriously? This should be grounds for jail time, at a minimum.
People, on the whole, are dumb, and assume because you have money or that you ‘run’ a company, that you're smart/educated about every topic.

also, no one holds him accountable. What are they going to do, fine him a few hundred thousand? A million? He’ll just brag about it online.
 

Fueco

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People, on the whole, are dumb, and assume because you have money or that you ‘run’ a company, that you're smart/educated about every topic.

also, no one holds him accountable. What are they going to do, fine him a few hundred thousand? A million? He’ll just brag about it online.
Martha Stewart went to jail for far less.
 

brokencycle

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People, on the whole, are dumb, and assume because you have money or that you ‘run’ a company, that you're smart/educated about every topic.

also, no one holds him accountable. What are they going to do, fine him a few hundred thousand? A million? He’ll just brag about it online.
The problem with things like SEC fines is they aren't high enough. You get penalized damages at most generally. The problem is the fines should be the damages divided by the probability of getting caught. If you don't include that, technically, the game theory best play is to always cheat (unless there are other penalties).

Example: if you get a $1m advantage by cheating with only a 10% chance of getting caught the fine should be at least $10m.
 

Ambulance Chaser

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This may have been said somewhere in this thread, but signs in restaurant bathrooms reminding employees that they must wash their hands before returning to work. Does this really need to be said? Is it not commonly understood that diners do not want remnants of body waste in their food?
 

otc

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This may have been said somewhere in this thread, but signs in restaurant bathrooms reminding employees that they must wash their hands before returning to work. Does this really need to be said? Is it not commonly understood that diners do not want remnants of body waste in their food?
Fun fact: Those signs are a result of the literal Typhoid Mary. She was a cook and was known to not wash her hands.

I wouldn't be surprised if there's a "top of mind" psychological effect that produces a measurable increase in handwashing from the presence of the signs though. If you can argue that Enron having their stock price visibly posted in elevators led to riskier behavior, you can probably argue that having a constant reminder that you are required to wash your hands can have a similar marginally positive effect.
 

mhip

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Fun fact: Those signs are a result of the literal Typhoid Mary. She was a cook and was known to not wash her hands.
Another one I learned last night, as previously I only knew it to be a TV dinner mainstay when I was a little kid.
Salisbury Steak was invented by Dr Salisbury during the civil war as he believed a meat-centric diet would stop the Union Soldiers from shitting themselves to death.
Which apparently was thing.
 
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HRoi

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I believe those signs are actually required by regulation (possibly OSHA or FDA?)

so it’s government that think its citizens are dumb fucks for needing to be told this (and they’re right)
 

otc

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This clickbait article makes absolutely zero sense:

6 Strange Things Millionaires Do With Their Money, But Most of Us Have Never Tried.

The first one is investing in art...I'll give you that most of us probably have never tried that (although its just a shill referral to Masterworks...and the economic evidence still mostly suggests art is not an overall good investment)

The rest are ridiculous:

2. install a browser plugin to let you know if you could save a few bucks by shopping at Walmart instead of Amazon? How is that something "millionaires" do?

3. Use some shitty personal loans platform to borrow and consolidate credit card debt. Millionaires don't have credit card debt. I mean, I'm sure some do, but unless all of your wealth is home equity and you're having a cash crunch, you're not actually a millionaire if you need some small-timer loan to pay your card.

4. Get "free stock" by opening a robinhood account. Up to a whole $200!! Robinhood is like...literally the opposite of a platform for rich people.

5. Shop around your car insurance. What? That's neither strange nor something most people have never tried.

6. Buy life insurance (through this convenient referral link)....On a certain level, the richer you are, the less necessary this becomes. If you've got a few mil banked up for retirement and shit and you die, well, that sucks...but there's plenty of money to pay for college and let your spouse pay the bills.
 

Omega Male

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That's from the "just buy fewer lattes" school of personal finance writing -- ie. entirely worthless (like the writer, who probably didn't even get paid for the low-effort clickbait).
 

HRoi

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I’m not gonna click on it but it reminds me of an influencer douche around here who flaunts his house, cars, jet and offers to sell you his secrets for being a self-made wealthy person.

basically the secret is, you get a bunch of saps to buy your secrets to being a self-made wealthy person.
 
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