BigCatStuff
Born on December 12, 2013•120 Karma
A cheap multimeter and a cheap soldering iron/hot air station combo will get you very far in the hobby. I enjoy these channels:
MyMateVince (a guy who fixes many useful household items): https://www.youtube.com/user/mymatevince
StezStixFix: https://www.youtube.com/@StezStixFix
Electronics Repair School (more advanced, he fixes laptops, tvs, and sometimes gpus): https://www.youtube.com/@electronicsrepairschool
When the problem is not exactly the same, I'm just lost. There is not a lot of diagnosis videos on YouTube. All the videos are: "1. I observed this problem. 2. [???] 3. I'll walk you through soldering on the new components." skipping the most important step 2.
Same for car repair videos: "I see Problem X happening. Problem X usually means component Y has failed. Here's how to replace component Y. The end." If that doesn't work, you wasted money on the part and your time ripping apart your car and putting it back together.
In the channels that I suggested, all of them go into the repair not knowing what the fault actually is. They take the viewer through the whole diagnosis, and they (with the exception of Electronics Repair School) are not electronics technicians.
Once a person has seen enough different ways of diagnosing items (by watching videos or hands on trying), then faults in other items become easier to find.
Might not be the case for all the vids of course, but for those i watched i never had that "ah, that's how it works" gotcha moment...
He buys cheap crap, takes it apart, and usually infers a schematic. He also admires or critiques the designs. After a while you'll notice patterns.
Their investment may have been a case of greed and poorly controlled risk.
Risk management at financial institutions isnt meant to be an exercise of expecting or planning for the normal. Any way we slice it, they failed to adequately assess risk.
You can’t prepare for all outcomes and this was not one a bank expects. A 3 day 40 billion dollar draw down maybe a first ever event for any bank in all of history. Should they also have risk managed for a nuclear bomb going off in their lobby?
Get real man. Recognize that you are Monday morning quarterbacking here.
They have orders of magnitude more money than most people, and will get away with no liability.
Is there a more clear cut case of insider trading? SEC should already been working on that now.
Anyhow, you're arguing that they SHOULD end up with nothing, that is an entirely different subject of its own. Because you're talking about punishment, while I'm talking about deterrence.
Punishment must be enacted from outside after the fact, while deterrence can be innate before it happens. These senior management could have years of cushy job and more equity, and now they have to rely on savings and have the SEC up their ass. It's clear which is more preferable.
Genuine question, is there any evidence that these trades were out of the norm, rather than a regular portfolio rebalancing that’s common with any employee who receives part of their comp in RSUs?
One idea I've been kicking around is to have some sort of disincentive to posting in-game discoveries online. For example, the usefulness or power of an item is inversely proportional to how many instances of the item have been found. Not sure if this is really feasible in practice though.
When I had piano lessons as a child, playing classical music for years became boring and uninteresting to me. I believe apps with a wide range of music help keep interest levels up. The app seems like a great way to dip your toes into playing piano without committing to finding a teacher.
Fuel cell vehicles have been around for a long time, and I presume it's not that difficult to put a basic prototype together with amount of capital available to Nikola.
To me, the whole NKLA situation feels like a giant Kickstarter scam.
> contributing to global warming is securities fraud, and sexual harassment by executives is securities fraud, and customer data breaches are securities fraud, and mistreating killer whales is securities fraud, and whatever else you’ve got. Securities fraud is a universal regulatory regime; anything bad that is done by or happens to a public company is also securities fraud, and it is often easier to punish the bad thing as securities fraud than it is to regulate it directly.
https://www.bloomberg.com/opinion/articles/2019-06-26/everyt...
The problem is, who was defrauded? The investors, I guess, but if they sue then they can only collect money from the company that they own anyway. It's not obvious that's a money-gaining proposition.
Presumably it would not be feasible to collect large sums from the officers, but they frequently do have D&O insurance policies that could kick in (https://en.wikipedia.org/wiki/Directors_and_officers_liabili...)
This is why people have been so critical of Elon Musk. Elon Musk's flippant behavior engenders worse and worse.
I'm not familiar with IPO listings through SPACs, but do these type of listings go through as much DD as a traditional IPO listing? It seems that every step along the way, NKLA had avoided close inspection of it's actual IP and assets.
Nikola is actually a poor example of your point. Their stock price is still up since they IPOed. A retail investor could sell their shares now and be fine.
For example, Robintrack's data was very illuminating, almost every stock that made it to the week popular list was full of retail bagholders: https://imgur.com/a/LbvUOdi
Bet you thought I meant insiders. I'd run from stuff idiots buy!
Major KODK shareholders: https://finance.yahoo.com/quote/KODK/holders?p=KODK
Retail holds a small percent of pretty much anything, institutions dwarf retail.
Meaning they merged with an existing "blank-check" public company.
Discovering that Milton hired his brother whose previous experience was paving driveways, or that the chief engineer has no relevant prior experience isn't even deep DD. We shouldn't be playing the violins for retail investors on this one.
Generally speaking, knee-jerk reaction to create rules and regulations for every problem in society will only lead to further dysfunction, less growth, and permanently locking the little guy out.
So, if you rented before Jan 1, and your rental unit was built after 1979, it wasn't covered by any rent control. Landlords could raise rent as much as they wanted on those types of units.
The company isn't worth more than $1 million until someone else exchanges shares or money for it for over a million dollars. VC funding does not make someone a millionaire, except in rare cases where founders are allowed to sell shares to 'take money off the table'. VC money is the hope that the company will be worth $X in the future.
A VC investment is literally the exchanging shares for money. No it doesn't make someone liquid. Yes it does set something sorta like a market value, though it's usually really high. In more meaningful terms, that company now has $8 million in cash. There's almost no scenario where it's worth less than $8 million now, because companies at that stage usually have very little debt.
Based on that article, we don't actually know if Lee has assets worth $1 million. This is all before even bringing up how liquid he is.
The expectation of funding is that it is spent growing the company (employees, inventory, etc), not immediately paid out to the founders.
Now we don't know the exact nature of the share distribution, but since this is such a lean company I'm willing to wager that the found is still in the vast majority.