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Joined 2 years ago
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Cake day: June 13th, 2023

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  • I think it’s hard to definitely call something a bubble until it pops.

    The definition of a bubble goes something along the lines of market prices exceeding the intrinsic value of the investment they represent, which may be true here?

    If you want to read more about this the rough name for these companies was “the magnificent seven” a year or so ago when I last looked at this. A quick Google suggests represent about a third of the SNP 500’s value now and have a cape ratio (cyclicly adjusted price to earnings) of ~37 compared to 15-20 being normal.

    Edit: the above baseline is incorrect; see sugar_in_tea’s comment for a more accurate baseline and some interesting counterpoints

    I can’t find a good numerical source for the correlated risk within this group, and I suspect analyzing it is very difficult. Given they all used to be a lot more diversified in the past but now a large % of their valuation is predicated on AI historical correlation analysis probably fails. But the diagram linked here suggests it’s probably bad to put all your money in these companies. (Or even a 3rd if you are in an s&p 500 index tracker 😶)

    Like, none of this definitively says this is a bubble, since if it were possible to divine that the bubble would immediately pop, but it does suggest there is a strong likelihood we are seeing a bubble.


  • Don’t design for having a nice codebase today, design for having a clean codebase after 3 months of Devs copy pasting one bit of code then tweaking it to do what they need or adding more fields to existing concepts.

    This generally means it’s best to have one pattern for a given thing, rather than having several patterns you pick based on context, the later runs into problems:

    • Someone copy/pasted pattern A for a pattern B context
    • Enough stuff changes in a pattern A implementation that it would now be better as a patter B thing.

    A second consideration for this is that if there are a group of classes/files/whatever that regularly needs to be copied they should live together. If there are different sections of the code that needs to be edited when creating a new resource, they should be kept in one place and kept small-ish.

    Most of this comes from accepting the way people tend to work and from the perspective that software is a living evolving process and only regarding a snapshot of it misses vital information.



  • I’m not sure it’s particularly left or right leaning, there was a ban on social media, protests against the ban and the protestors were shot by armed police which sparked more protests and riots, the major grievance seems to be political corruption.

    I don’t think any of ^ really slots into a traditional left/right framework, that said the more I read about Nepalese politics the more confused I become.

    the corrupt government they are overthrowing is a coalition between Nepali Congress and the Communist Party of Nepal (Unified Marxist–Leninist). Although prime minister Oli comes from the communist partner in the coalition despite them being the minor partner? But I have also read that they unified ml party merged with another communist party a while back?

    Either way, glad to see corrupt politicians being replaced.



  • Since the beginning of our history, our capital city has been continually shaped and reshaped by the diverse communities that have called it home. If some people think we would be better off without jerk chicken or jollof rice, without Rye Lane or China Town, Ramadan or St Patrick’s Day, without the films of Sir Steve McQueen or the songs of Little Simz, without Yotam Ottolenghi’s food or Emma Raducanu’s backhand – I don’t think they’ll find many Londoners who will agree.

    In fact, the evidence is that Londoners have more positive views on lawful immigration than the rest of the UK, and that’s not a surprise. Because we know we have nothing to fear and everything to gain.

    This so perfectly sums up the biggest thing I love about London 🥰