Reddit refuge

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Joined 1 year ago
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Cake day: June 16th, 2023

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  • Not every sector has.

    What is showing itself as a major weakness in retirement saving is that a lot of retirement account managers think that bonds are relatively safe when they really aren’t.

    The Great Recession went bad because they miscalculated the risk of two unrelated mortgages going bad.

    When Covid hit, the increase in interest rates devalued a lot of bonds, something that wasn’t seen since the 1980’s.

    Most of the people here who are confused by your accounts’ performance probably have a mix of index funds tied to a basket of stocks.



  • Romans had a basic understanding of proportions and general vibes of design, but they couldn’t really create calculations to verify their design as we do today. For instance, the designers of the Pantheon understood they needed to lighten the concrete as it went up and had novel techniques of doing so that we use today, but they didn’t really know.

    The state of the art for understanding basic stresses didn’t become known until the 19th century. The design of the Eiffel Tower was impressive, in part, because that structure has a calc book defending it. A lot of early railroad bridges were still designed based on ratios and vibes.

    That said, not all loads were understood by that time. The Tacoma-Narrows Bridge collapsed in part because of a gross misunderstanding of wind loads combined with the ability to design structures light enough that wind loads controlled.




  • It kind of does.

    You get user lock-in as users buy more games, making it so Steam is always a store to buy from. You can’t deplatform from Steam. At that point, you can’t replace Steam with another DRM platform to pay existing games. That creates a large customer base which becomes a must add for vending new games.

    It isn’t a hard monopoly, but it helps create a soft monopoly.