• 0 Posts
  • 214 Comments
Joined 1 year ago
cake
Cake day: July 13th, 2023

help-circle



  • I think there are a lot of other factors in that case.

    The biggest reason why it’s rare to see regular cars get to a million miles is because they don’t get driven as much. At the average of 14k miles per year it would take 71 years for someone to drive 1 million miles. Since it takes so long to get there, many non engine related issues start taking hold like rust and obsoletion.












  • Yes, general investing is not zero sum, however many methods of advanced trading are. Options trading, which is prominent and easy to access on Robinhood, is much closer to gambling (and is treated that way by many users) and is zero sum.

    Most active trading strategies require successfully arbitraging, or extracting inefficiencies out of the market, and you can’t do either of those things without someone else losing money.

    Passive investment is investing in the companies that underlay the market, active trading is extracting value out of the market itself.



  • I got downvoted for this before, but, when you sublet your property like this, you take on an inherent risk. This isn’t any different to a bad tenant, or an investment not panning out.

    Any business who accepted these red boxes should have either a) established contingency with Redbox themselves or, failing that, b) established a contingency through their own means by keeping liquidity to handle disposal of the machine (or something like insurance)

    Don’t feel sorry for these businesses, they took a calculated risk, likely made lots of money over the last decade, and now are faced with potentially needing to use some of that revenue to dispose of the machines. Any normal business keeps assets and liquidity available to cover expenses of doing business, the same way a landlord needs to use some rent money to clean up after a bad tenant, it’s part of their business model. If a business thought these machines would just live there forever and magically go away when they aren’t making money anymore, that’s their fault.


  • Takumidesh@lemmy.worldtomemes@lemmy.worldBeep beep
    link
    fedilink
    arrow-up
    18
    arrow-down
    1
    ·
    21 days ago

    At 65mph, you cover two car lengths (~30 ft) in about 1/3 of a second.

    Typically human reaction time for braking is about 1.5 seconds.

    If something went seriously wrong in front of you (like a sideways car, or a hidden obstacle in front of the car in front of you) you would have covered 10 car lengths before your foot touches the brake pedal.


  • I assume business would insure against scenarios like this, whether that’s through securing cash as they suggested or if that isn’t an option (which seems to be the reality of the situation) through things like, escrow accounts, insurance, and cash on hand.

    You say the businesses wouldn’t just ‘throw away money’ yet here we are, the businesses, by not ‘throwing away money’ are stuck with these machines to deal with.

    I understand that the person was saying that the business should have collected a deposit, but they didn’t, so my question is, why are these businesses caught out by this? Why didn’t they prepare for the risk they assumed by subletting their property, if they didn’t collect a deposit, they should have sequestered some cash to handle this scenario.