SPY has a cumulative return of ~370% from start of 2000. BRK.B is at ~1,200%. That's a pretty big difference.
You can discount Apple as being part of the portfolio, but that's a bit like saying, well they wouldn't have done so well if we remove the high performing stocks in the portfolio.
I think such is the reality of serving a large customer base on something subjective like movies and TV. Most people would find most content not that appealing, and a small subset they like. The problem is everyone's small subject are different.
It's like having a restaurant that serves 300 million people. You can try to offer every type of food there is, but most people may not like most of them. Which is fine, as long as you have something they like.
I think you are true to a point. But great movies get almost universal praise with scores of 9/10 on IMDb or near 100% on Rotten Tomatoes.
The same goes for food; there are things that are quite controversial, but who says no to fantastic ice cream or bread?
But most importantly for movies, it is not the micro-genre that decides. People who are not into fantasy or astrology still love Lord of the Rings or Interstellar because they are particularly highly produced, where all crafts making up that movie are treated highly instead of strategizing and optimizing.
Yea but those are typically self selected sets. People that are interested in that particular type of movies watches it and rates it highly. But if you only offered that movie to the entire population, likely a large portion of the population won't want to watch it.
For example, The Shawshank Redemption has very high rating on IMDB, but also many people have never seen it and are not interested in watching it.
Well we have over a century of media and it should be diverse enough to serve everyone. The issue is we're shifting towards a future full of McDonalds and Dennys instead of culture. Safe, inoffensive slop that you grab because you're hungry, not curious.
It's also almost like we shouldn't have one restaurant serve 300m people. Aka a monopoly.it'll collapse overtime anyways, because of you're competing on slop you can't beat the social media model of a bunch of low cost addictive TikToks for "free". The race to the bottom was already won and ot doesn't cost $25/month.
You can today no? You can buy or rent a single movie / tv series from apple tv, amazon etc. problem is most people don't want to buy each thing they want to watch.
You mean the "license while they feel like it" kind of purchase?
If I could pay for individual TV shows and actually own them I'd definitely prefer that over the disaster we have today. Buying a blue-ray and ripping it is not very practical and it's by design.
Netflix (notoriously) does not license most of their content this way. You can't rent/buy Stranger Things on Apple TV, no matter how much you're willing to pay. If Netflix acquires Warner Bros, I expect this restriction to extend to that content too over time.
You could make up a new category and call it by the same name as the old category, if what you wanted was to confuse people and make clear thinking more difficult. If you want to define a category without historical baggage, I would prefer that you used a different term so that it was clear that you weren't talking about the concept laden with that baggage.
I don't think many associate the term with the historical baggage here, so its you who are confusing others by using it that way rather than the opposite.
They may not be consciously aware of it, but that makes them more likely to be influenced by it, not less. Having unexamined opinions generally means having self-contradictory opinions, which makes you easy to manipulate.
Moreover, the Department of Education is clearly using the term in the sense I am describing, about whose further historical development you can read more in https://en.wikipedia.org/wiki/Profession.
> Moreover, the Department of Education is clearly using the term in the sense I am describing
But that change will confuse people since it has been a professional degree for a long time now. Using ancient definitions causes confusion, it doesn't resolve it.
Words evolve in meaning all the time. What's included in "science" now is very different from what was included 500 years ago. Doesn't mean we should create a new term for it each time a new discipline is added.
When there is enough demand for vintage parts, it'll motivate someone to create a time machine to manufacture them in larger volume in the past and bring them to the present. Win win.
Definitely agree on the mentality it creates and how long it lasts. I’m fairly well off now, but grew up very poor. First developing world poor where running water and toilets were shared with the whole building, the whole family crammed into a single room. Then western world poor, where my parents and some friends that lived together (to save money) would walk to get groceries, buy one bus ticket to have one person carry the groceries on the bus most of the way back, and the rest of the group walk to the bus station and help to carry the groceries the rest of the way home.
Silicon Valley engineer income and wealth now, but still extremely uncomfortable spending money that isn’t necessary. My partner grew up quite differently and doesn’t understand why I’m so frugal with money given my relatively high income.
Something I find interesting is that my mother grew up in similar conditions - poor in Borneo in the 50s, my aunt was literally born in the jungle while hiding from the Japanese
And yet my mum's family were raised that they were broke, not poor.
There were definitely some echoes/overlap like we were raised that wasting food is one of the most egregious sins one can ever commit, and my mum has a compulsion of overpacking things with meat after growing up eating nothing but I know that she is definitely more broke than poor and was therefore able to reverse her fortunes.
Similarly, if you know people who grew up in Mainland China during the early years of the PRC, you can tell that while everyone had it tough, some people were poor while others were broke and this then can help explain the divergences of their outcomes when riding the wave of growth.
I think also perhaps the reasons for being poor. My family was poor but so was everyone else. It was structural. So as a result (my hypothesis), there wasn’t even the hope of being rich, just not so poor. So for instance the mentality was always to save, not invest, because no one has the money to invest could afford to lose whatever meager savings there was.
As a result my up bringing was filled with lessons to play it safe, don’t take risks, get a stable job etc.
I'm not sure hedonism in that sense isn't a valid desire provided it can be safely sustained. Imagine there was a substance that made the user happy, without any of the negative side effects or tolerance. I'm not sure that would be a bad thing to take. The issue with the drugs today isn't so much their pleasurable aspects, but the physical dependency, risk of overdose, eventual tolerance etc.
I think easier said than done. I was similarly labelled as "gifted" as a child and have struggled my entire life with being ok with where I was, in academics, career even romantic relationships.
Looking at what I've accomplished and obtained, they're objectively better than average along pretty much every dimension. But, I still struggle to be satisfied. I know this is a me issue, but I also don't know how to change it.
There are a lot of mediocre therapists out there. And even if you do get a reasonably good one, they might not click with you in terms of personality/approach/cultural background.
There is a also merit at the individual level vs merit at the organizational level. e.g. most tech companies are male dominated, but many serve primarily women (Amazon retail, Pinterest, Etsy etc). So having more women in the companies, especially in positions to directly impact the customer experience is important even if we disregard individual merit. Ditto for products that serve primarily minority populations etc.
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