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An investment in the S&P 500 at the heights of 2000 would not materially exceed its basis until 2013!

An Nasdaq would not materially exceed until 2016.

Yes, this ignores dividends, but that really only helps manage inflation.

You would have done much better being out of the stock market until the 2009 crash.


Excluding dividends is a pretty big asterisk, including them you're back to even within 6.5 years.

The parent described "exponential returns", which I was reacting to.

For what it's worth, the S&P dividend yield is typically 1-2%, and below inflation for the majority of relevant years. So you are not ahead in real dollars until roughly the dates I mentioned.


Are you looking at dividends as cash value or reinvested?

Dividends are part of the total returns and cant just be ignored. Taking them into account, the break-even point is non-insignificantly earlier.

It’s the total returns that matter, not just stock price.


But remembering that most people have taxes to pay on dividends even if the stock price is going down.

Well, you aren't necessarily better sitting out entirely.

When the stock market slumps like that, continual investment lowers your average cost basis.

e.g.:

Year 1: Buy 1 stock at $100

Year 2: Buy 1 stock at $50 (post-crash)

Year 3: Buy 1 stock at $60

Year 4: Buy 1 stock at $70

Year 5: Buy 1 stock at $80

If we just look at "Year 1 = $100, Year 5 = $80" then it looks like we lost $20/share.

However, our average cost basis is $72, so we actually made $8 per share.

That’s not really a great return but it’s not horrible considering the circumstances.


That's why DCA and do a good job at work is the best investment for most people.

I was there, and this is why I consider the 2000s a lost decade.

Honestly we only just started to get back into the swing of things from 2012-2016 when Obama's reelection provided enough market confidence for electric cars to reach MVP status in 2013 and solar panels to begin scaling until Trump slapped a 30% tariff on them in 2018. Progress in sustainability is my litmus test for the economic viability of getting real work done in the economy, sort of like grading a steakhouse on how good its least-ordered mushroom appetizer tastes. We could also choose healthcare, education or any other field whose success is determined by the social good it provides.

If it weren't for the arrival of AI, I'd call this a wasted quarter century.


So if you knew in advance about the timing of both the tech bubble and the real estate bubble, you could have made a lot of money trading on that?

> How much novelty can there be?

As much novelty as there is in human interactions.


> else they would never get to the 21g of sugar in a 21oz drink, as mentioned by the article.

My carton of regular milk says 11g or sugar per 240ml. So seems like simple milk could get there.


That's a fair opinion to have. Personally I have the opposite opinion and have no desire to participate in an event organized by someone with these views. I find homophobia absolutely abhorrent and cruel with real life harm to others. I am grateful this was pointed out to me.


Haven't you got pushback that it blocks the tray table of the seat behind you? I've only heard very mixed things about CARES.


We actively use ours and it's never been an issue. Simply, lift the tray on the chair behind you, slip the harness over, and close the tray. Normally, families with small children get to pre-board, so we have it setup before the other passengers have arrived. Even after, we've never had any push back.

Notably, though, German carriers like Lufthansa do not allow it, which I believe is due to German regulations. Outside of that, we've never had an issue in either the U.S. or Europe, but occasionally we need to show the airline a copy of their policy from their website on one of our phones. They weren't mean about it, but may not have seen one. Generally, the senior flight attendant is experienced enough to know the rules.

Our kids were huge, so we used it from before they were a year old and it has been very helpful.


It did work with the tray tables at the time (underneath, while open or shut). This was about 4 years ago when we last used it. Passenger behind us was more curious than upset.


It’s only an issue for some fitters that still use recessed tray tables.


I recently determined that it's basically the only place that reliably test PS5 VRR monitor capability!

A niche use case, but at least there was one source of information.


This definitely how the US system works. The core job of the appeal court is correct errors of law.

Your other criticisms are valid, such as time, money and there is definitely deference to lower court judges. But the recourse for a judge misunderstanding the law (for AI or any reason) is the appeal process.


> Sony does not fully abide by these rules. If you buy a digital game or in-game content, Sony will only ensure that you can do so through its own PlayStation Store.

I have assumed that retail locations will continue to sell game codes, just not game disks, post disks going away. Currently there are games from like Just Dance that only include a game code in the retail box rather than game CD because of the way the game works (you're buying a dlc more than a game).

Maybe I'm wrong, but I would be surprised if PlayStation completely goes away from retail, for reasons including anti-trust, but also to encourage stocking the physical PS6 console.


Unlike a disc, you can't use the code without going through the PlayStation Store. And you likely cannot resell it, either.

You can't buy a non-Sony PlayStation, I guess they'll argue it's similar.


It does seem like a reasonable middle ground would be something like selling a dongle that provides PIV attestation of ownership, that could be resold and could even be used across platforms. Of course, there’s no incentive for the console manufacturers to offer this.


Game carts have always had "special chips" within them.

The NES and SNES for example had their famous lockout chips which gave Nintendo a monopoly on releasing games, except for the Activision/EA thing were they reversed engineered the chips.


Game cartridges but with TPM inside? What is not to like?


That would be kind of impressive if Sony had a "used digital games" marketplace and took a cut of every trade, without sending any to the publisher.


Why on earth would I go to a game store to buy a code?


Because they have a better price?


How can a physical store that pays rent possibly beat a website that costs $10/month to host?


For how long ?


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