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Cake day: June 10th, 2023

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  • Plus the only places that are left to build giant factories are distant from population centers.

    You’re forgetting about eminent domain. Clearly, giant factory on American soil is a public good, even if it’s privately owned. Hence, the government will seize the homes and give the land to the corp. The prices of the houses will fall first, because who wants to buy a house that’s going to get bulldozed, reducing the compensation the government has to pay to the homeowners, potentially causing them to be upside down on their mortgages. This will leave them with nothing, or potentially even debt, when their homes get sized.













  • Market Cap of a company is sort of a meaningless number. As in, it’s shares in existence times price per share, which is just another way of saying its the share price. If somebody were to sell $100 Billion worth of Tesla shares, the market price would plummet and he’d not get the $100 Billion the shares were originally worth.

    Of course, a rule of thumb is that a company is worth 20 times it’s annual profit, or its revenue. So, by that valuation, Tesla is worth 28 Billion dollars, or 25.5 Billion dollars if we go by revenue. (I’m surprised that both approaches lead to results so close to each other) Compare with a market cap of 682,47 billion, we can see that Tesla is ridiculously overvalued. So, I guess you should go and buy puts on Tesla. Or sell your shares if you have any.






  • Eh, both permanent space habitation as well as generation ships are so comically far out of our reach that any effort to escape would be doomed. All the billionaires would have accomplished is that they’d die slower. Unless we had decades of advanced warning and even then it would be a stretch. Additionally, in the latter case there’s no need to keep it secret. The world is going to end in 50 years just wouldn’t cause as much panic.

    Secondly, if you look at the picture, the projectile directly pierces the earth. So it would have to be going extremely fast to accomplish this. So chances are we wouldn’t see it coming to begin with.

    Thirdly, this sort of direct hit implies intelligence. So, chances are whatever wants us dead would then follow through to ensure they get any survivors. Or not, as I pointed out earlier, all survivors are screwed either way.