I wonder how those 25 richest families fared in 2022 when the markets were tanking?

I'm guessing they lived lives of incredible luxury with no worries about money in any sense other than recreationally. Just like the year before and the year after.

If I remember correctly, back in the 70's in the US speed limits were lowered to increase fuel efficiency. I think people advocating for increased speed limits or no speed limits at all should at least consider the increase in fuel consumption and pollutant emissions when looking at the pros and cons.

Off topic but I noticed while reading the archive.md article I highlighted some text by accident and noticed that the URL was updated to point to that text, https://archive.md/REmb8#selection-2437.0-2437.5. I've never seen this before. I know Chrome has 'Copy Link to Highlight' but this appears to be different and cross browser compatible. Does someone have any info on how this works? I'm assuming that URL is updated via JavaScript. What about when browsing to the URL? I think this is handy and something I'd like to incorporate into a blog site I'm building.

This and the post you are replying to both sound like sabotage by a competitor rather than legit data collecting.

Insurance isn't a bet. It's a hedge. The bet is, you're not gonna wreck your car, or burn down your house. The gamble, in your scenario is not getting insurance.

Insurance is precisely a bet that you will burn down your house. It is also a hedge specifically because it is a bet against a desirable outcome. (Either you lose the bet but get the desirable outcome, or you don't get the desirable outcome but at least you win the bet.)

The last bit of motivation I needed to finally make a switch! I know there are a lot of threads about this, but what do people recommend? Ease of use/transition is key or I won't be able to convince my partner to switch!

Why did the collateral requirements shoot?

The traditional explanation of clearing is that it’s to solve the problem where I buy a share of Microsoft from you for $100. The trade won’t complete for a couple days so there’s a risk that either I don’t show up with the money or you don’t show up with the share.

This might happen because I went bankrupt, or MS starts trading for 1000 and you’d rather not give up the share, or whatever. To solve this，there are clearing houses that have collateral requirements to help ensure that the trade is executed as it was supposed to.

Most stocks don’t change that rapidly, so there’s relatively low risk that someone blows up. But GME has both extremely high volatility and is highly overvalued, which makes the risk of someone trying to walk away from it can’t meet their obligations much higher.

Because of the large realised vol in those names (paired with large future expected volatility) the DTCC asked for much larger margin requirements.

Thanks for the link... but you just sent me down the rabbit hole of old Mike Wallace interviews!

What do you mean, "It's a fictitious company"? Is this not a legitmate service of yours? I get that the service, if real, produces fictitious content but your wording is throwing me off.

Indeed, it's not a real service. It just pretends to be. You can just use the tool for free.

Although as time passes, it seems maybe it should be real...

>it's not a real service.

>You can just use the tool for free.

So can you actually use it or not? If you can use it, then I would say it is a real service in any sense of "real service" I can think of.

Alright, in that case it's a real service ;-)

I had a similar experience taking some relatives to Yellowstone last week. I was actually impressed that my 17 yo niece and 21 yo nephew absorbed the views primarily with their eyes and not there phones. As for the hoards of others...