• 8 Posts
  • 110 Comments
Joined 2 years ago
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Cake day: June 19th, 2023

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  • You can check out SPIVA which tracks the people like the guy you’re paying to predict the future.

    In all markets the results are consistent. Over a single year a professional has about a 50% chance of beating the average. This probability drops over time and over a 10Y period about 10-14% of professional investors beat the average.

    You paying this professional is essentially the same as you thinking that you are able to identify the top 10-15% professional investors. And maybe you just are that great and we should all follow suit. But I doubt it. It’s your risk to take though. No one is going to force you to choose the cheaper option with the better probability to give the best returns.


  • If you’re not putting your money into index funds you’re just fooling yourselves. You shouldn’t be paying any form of investor to pretend they can see into the future.

    This also means you will be investing heavily in the US. But don’t make the mistake of believing your invested money makes any difference in the world when it comes to ethical responsibility. A company isn’t affected by whether a fund invests or does not invest in them.

    Socially responsible funds are just for show because financial institutions have realised it’s something people will pay for. If you truly want to make the world a better place you reduce your monthly saving amount and donate the money to charities instead.


  • Just saw the other day that the Pixelfed developer pushed out a new feature pretty quickly and it reminded me of how much faster you can push new features out when you’re working on a small team with very few developers.

    Then I realised that… At the place I work at (an app most likely installed on your phone) - well every change will have a huge impact. If 0.05% of the users’ performance is degraded - that’s a shit ton of users. So we have processes in place. We test on all kinds of devices before releasing.

    Running a high quality service at scale is hard and it’s expensive and it’s not always fun because you have to leave your cowboy developer guns at home and do the homework before pushing to production.



  • Yeah, all apps advertise “no algorithms” - well those algorithms are what is pulling users back and back again and the more you get people to open your app - the more likely it is that they’ll contribute something.

    I have to remind myself to open Pixelfed. Which is how I want it to be and how it should be. But I also understand that none of my friends will go there and look at nothing and then check in again a day later.










  • We are probably walking a very thin line in terms of PSR. Usually we never spend in January, and never long-term? Spending this amount of money - in January - reeks of desperation imo. The form is horrible and the team doesn’t seem to be improving under Amorim.

    At the same time, the reasoning for sacking EtH was that the earlier the pain of transition starts - the better. But there has to be some highlights to justify that pain and we are not seeing it right now so the leadership is now desperate to give Amorim more tools to improve things because in the end - if they sacked the manager and hired a new one (which undeniably is a great manager - I have nothing against Amorim) and we end up in a horrible position with no leverage in the summer window and a squad depleted of motivation after finishing 14th… Then were does that leave us? Then it’s hard to argue that sacking EtH was the right choice… Or RvN if you so like (i.e. going with RvN for the rest of the season)

    Can’t imagine we’d spend this amount at this point of the season otherwise.