Curt Doolittle

Theme: Incentives

  • Women (mothers, wives, girlfriends) serve as the human drug of preference and th

    Women (mothers, wives, girlfriends) serve as the human drug of preference and there is a shortage of their attention.

  • Women (mothers, wives, girlfriends) serve as the human drug of preference and th

    Women (mothers, wives, girlfriends) serve as the human drug of preference and there is a shortage of their attention.

    Source date (UTC): 2017-11-26 14:08:00 UTC

  • Paying for poacher-scalps will rapidly eliminate poachers

    Paying for poacher-scalps will rapidly eliminate poachers.

  • Paying for poacher-scalps will rapidly eliminate poachers

    Paying for poacher-scalps will rapidly eliminate poachers.

  • Paying for poacher-scalps will rapidly eliminate poachers

    Paying for poacher-scalps will rapidly eliminate poachers.

    Source date (UTC): 2017-11-25 16:22:00 UTC

  • 1 – Markets, like ‘property rights’ require insurers, and production on speculat

    1 – Markets, like ‘property rights’ require insurers, and production on speculation of demand under inflexible prices. 2 – Trade requires only normative property, and production to satisfy estimated demand under flexible prices. 3 – Exchange requires only possession, and neither prices or anticipated demand. Demand always exists, whether under exchange, trade, or market. We tend to use the word market to refer to demand. But demand exists under exchange, trade, and market. The question is scale, investment risk, and institutions (insurance (law), contract, money, prices) that mitigate investment risk. We trade low volume and high prices for high volume and low prices. To achieve high volume and low prices requires an ever expanding division of capital(risk), knowledge, and labor, under ever greater insurance regimes.

  • 1 – Markets, like ‘property rights’ require insurers, and production on speculat

    1 – Markets, like ‘property rights’ require insurers, and production on speculation of demand under inflexible prices. 2 – Trade requires only normative property, and production to satisfy estimated demand under flexible prices. 3 – Exchange requires only possession, and neither prices or anticipated demand. Demand always exists, whether under exchange, trade, or market. We tend to use the word market to refer to demand. But demand exists under exchange, trade, and market. The question is scale, investment risk, and institutions (insurance (law), contract, money, prices) that mitigate investment risk. We trade low volume and high prices for high volume and low prices. To achieve high volume and low prices requires an ever expanding division of capital(risk), knowledge, and labor, under ever greater insurance regimes.

  • 1 – Markets, like ‘property rights’ require insurers, and production on speculat

    1 – Markets, like ‘property rights’ require insurers, and production on speculation of demand under inflexible prices.

    2 – Trade requires only normative property, and production to satisfy estimated demand under flexible prices.

    3 – Exchange requires only possession, and neither prices or anticipated demand.

    Demand always exists, whether under exchange, trade, or market.

    We tend to use the word market to refer to demand. But demand exists under exchange, trade, and market. The question is scale, investment risk, and institutions (insurance (law), contract, money, prices) that mitigate investment risk.

    We trade low volume and high prices for high volume and low prices. To achieve high volume and low prices requires an ever expanding division of capital(risk), knowledge, and labor, under ever greater insurance regimes.

    Source date (UTC): 2017-11-25 13:21:00 UTC

  • by Michael Churchill NFLX and TSLA look insane to me. Not at all clear to me tha

    by Michael Churchill NFLX and TSLA look insane to me. Not at all clear to me that there is any sort of calc that has TSLA with normal gross margins. NFLX capitalizes content costs, which is like Caterpillar capitalizing the cost of making tractors. Buying/making content is cost of goods sold — not capex! GOOG, FB and MSFT make a lot of money and valuations are not crazy. AMZN is insane in the same way that NFLX and TSLA are. The operating margins on selling books are WILDLY negative — and only offset by the cloud-services business. Now … that doesn’t seem right from an anti-trust standpoint. Amazon is using cloud money to wipe out the entire country’s retail infrastructure. How about a Sherman anti-trust case against them?

  • by Michael Churchill NFLX and TSLA look insane to me. Not at all clear to me tha

    by Michael Churchill

    NFLX and TSLA look insane to me. Not at all clear to me that there is any sort of calc that has TSLA with normal gross margins. NFLX capitalizes content costs, which is like Caterpillar capitalizing the cost of making tractors. Buying/making content is cost of goods sold — not capex!

    GOOG, FB and MSFT make a lot of money and valuations are not crazy.

    AMZN is insane in the same way that NFLX and TSLA are. The operating margins on selling books are WILDLY negative — and only offset by the cloud-services business. Now … that doesn’t seem right from an anti-trust standpoint. Amazon is using cloud money to wipe out the entire country’s retail infrastructure. How about a Sherman anti-trust case against them?

    Source date (UTC): 2017-11-24 23:34:00 UTC