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walkitoutMatt Levine linked to: https://davenadig.substack.com/p/why-the-activepassive-debate-matters
I was reading it, wondering if it would ever go anywhere interesting, when I hit this nugget:
“All holders have zero price impact. That’s what holding means — you neither-take-nor-offer any information about pricing.”
Okay, but that’s not true. If you are holding, then the price on offer is lower than the price that would induce you to sell. Here are some examples: someone would like to work, but they have other responsibilities that they would have to hire someone else to do for them if they were working themselves. Classic examples include, but are not limited to: child care, elder care, other dependent person care, cleaning the house, acquiring and preparing and cleaning up after food, driving people places they need to go, etc. If you have a bunch of women “not working” at home, and you offer them enough money that they can go hire shit done in their home by other people, then they will go “work”. You _know_ that this is how it works, because people convince women to quit “working” and stay home and do that list of tasks and many more, because they price they are getting in the “workplace” is too low to cover all the tasks that currently are being hired out.
Another example: after the kids are grown, many couples continue to live in a house that is larger than they would prefer, because they cannot get enough money from selling the house to cover the costs of moving, purchasing or renting replacement housing, etc. If you give someone enough money, they will absolutely move.
I could go on. When gold shoots up, people dig up jewelry and bring it in to be weighed and bought for its metal value — they don’t bother when gold is cheap. Holding absolutely offers information about pricing.
I didn’t bother to read past it, because why bother.
Today, I drove A. to school. I walked with M. I went to Mack Designer Hardware with R. to look at the Le Mans and Magic Corner with him. We also looked at cabinet hardware and hooks.
I measured shelves and drawers and rods to produce a summary of what we currently use to store the stuff that will in the future go into the walk through closet to provide a base estimate of needs. Mostly, that translated into total rod space, and amount full height / shirt height for R. (altho not for me, because I’m not sure about which amount full vs partial yet).
R. and T. got a bunch of stuff out of the basement and over to HG. R. ran a bunch of stuff through the laundry and then bagged it and put it to go to Savers tomorrow. He also ran a bunch of stuff through the dishwasher, and then I bagged and he boxed some of it to go out to Savers tomorrow. That was a lot more cleaning than I ever intended to do with this stuff, but oh well. We’re getting through the pile pretty rapidly. I pulled out 4 large forks, 4 small forks, 4 large spoons, 4 small spoons and 4 table knives for T., after I spotted a complete set of Corelle (big and lunch plates, bowls) (we’ve found 2 of the cups to go with). I also pulled a square pyrex dish that look like it had maybe been used once, and a decent looking Farberware flipper and a clean can opener. Might as well sent T. to college with a dish kit.
I got a little freaked out when my kitchen and laundry were both completely wedged, but I told R. and helped unwedge it. (I mean, he wedged it — I never intended to do this much cleaning.)
ETA! Also, a friend is in Portugal and took a picture of a lobby bar / breakfast / etc. The bar has upholstered leather on the wall below the counter where you sit. It’s fabulous. I’m totally doing that.
I was reading it, wondering if it would ever go anywhere interesting, when I hit this nugget:
“All holders have zero price impact. That’s what holding means — you neither-take-nor-offer any information about pricing.”
Okay, but that’s not true. If you are holding, then the price on offer is lower than the price that would induce you to sell. Here are some examples: someone would like to work, but they have other responsibilities that they would have to hire someone else to do for them if they were working themselves. Classic examples include, but are not limited to: child care, elder care, other dependent person care, cleaning the house, acquiring and preparing and cleaning up after food, driving people places they need to go, etc. If you have a bunch of women “not working” at home, and you offer them enough money that they can go hire shit done in their home by other people, then they will go “work”. You _know_ that this is how it works, because people convince women to quit “working” and stay home and do that list of tasks and many more, because they price they are getting in the “workplace” is too low to cover all the tasks that currently are being hired out.
Another example: after the kids are grown, many couples continue to live in a house that is larger than they would prefer, because they cannot get enough money from selling the house to cover the costs of moving, purchasing or renting replacement housing, etc. If you give someone enough money, they will absolutely move.
I could go on. When gold shoots up, people dig up jewelry and bring it in to be weighed and bought for its metal value — they don’t bother when gold is cheap. Holding absolutely offers information about pricing.
I didn’t bother to read past it, because why bother.
Today, I drove A. to school. I walked with M. I went to Mack Designer Hardware with R. to look at the Le Mans and Magic Corner with him. We also looked at cabinet hardware and hooks.
I measured shelves and drawers and rods to produce a summary of what we currently use to store the stuff that will in the future go into the walk through closet to provide a base estimate of needs. Mostly, that translated into total rod space, and amount full height / shirt height for R. (altho not for me, because I’m not sure about which amount full vs partial yet).
R. and T. got a bunch of stuff out of the basement and over to HG. R. ran a bunch of stuff through the laundry and then bagged it and put it to go to Savers tomorrow. He also ran a bunch of stuff through the dishwasher, and then I bagged and he boxed some of it to go out to Savers tomorrow. That was a lot more cleaning than I ever intended to do with this stuff, but oh well. We’re getting through the pile pretty rapidly. I pulled out 4 large forks, 4 small forks, 4 large spoons, 4 small spoons and 4 table knives for T., after I spotted a complete set of Corelle (big and lunch plates, bowls) (we’ve found 2 of the cups to go with). I also pulled a square pyrex dish that look like it had maybe been used once, and a decent looking Farberware flipper and a clean can opener. Might as well sent T. to college with a dish kit.
I got a little freaked out when my kitchen and laundry were both completely wedged, but I told R. and helped unwedge it. (I mean, he wedged it — I never intended to do this much cleaning.)
ETA! Also, a friend is in Portugal and took a picture of a lobby bar / breakfast / etc. The bar has upholstered leather on the wall below the counter where you sit. It’s fabulous. I’m totally doing that.