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Comment Re:Theft (Score 1) 1010

And all of your stuff is right behind your locked door that's easily picked. That means you want other people to take your stuff since you don't live inside a vault. But even then, some highly-skilled people would still be allowed to take your stuff. Unless, of course, you actually DON'T WANT THEM TO. Then taking your stuff is illegal.

Comment Re:Good news for all us have-nots!!! (Score 1) 241

SPY (big-ass S&P 500 index ETF; click the "10y" link in the graph). The index went up 73.7% over the past 10 years and it pays about a 1.9% dividend. That's 5.7% per year compounded on the index alone plus another 1.9% dividend = 7.6% per year return over the past 10 years.

Even better, a NASDAQ ETF QQQ has returned 152% over the past 10 years with a dividend of 1.2%. This is 9.7% on the index plus 1.2% giving a total compounded annual return of 10.8%! But don't worry, you're totally brilliant for staying out of all of this.

Comment Re:Symbolic and symbolic only (Score 1) 181

Two thousand wind turbines ... now you're talking.

Wind turbines only generate about 20% of their rated power on average, so you're going to need ten thousand instead of two thousand of them. Also, they can go for days on end generating zero power, so you'll also need to build a 4.7-GW nuclear-power plant to back them up.

Comment Trading term (Score 0) 91

Since I am a longer-term investor and not a twitchy day-trader, this kind of thing doesn't affect me at all. The great thing about the stock market is that it is instantly and severely self-correcting. I just wish I could get in on more of these mis-pricings on time, as these failures are usually excellent opportunities, if, as I said, I watched the markets every second of the day.

Comment Re:Meh (Score 2) 324

We could spend billions preventing it, or we could spend trillions and trillions dealing with the effects.

More like: we could spend $trillions trying to prevent it and fail, or we could spend $billions counter-acting it and succeed. According to the alarmists, we have already unintentionally manipulated the climate twice: once with CO2 to warm it up, and again with aerosols to cool it down. We could be a lot more effective if we actually did something intentionally. Trying to limit CO2 emissions will fail because people with the power to vote will never accept a materially lower standard of living and alternative energy simply isn't practical.

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