In the US at least, many pension funds are not sophisticated, they're small, underfunded, and getting taken for a ride by expensive advisors who promise fantastical returns that will help dig them out of their funding ratio hole. Many would be better off using an S&P 500 index fund for their equity component instead of getting wined and dined into an illiquid, opaque private equity investment.
Telling that among OECD countries, the US is an outlier in having a much lower average funding ratio, and this despite the fantastic performance of the US stock market over the last 15 years.
> many pension funds are not sophisticated, they're small, underfunded, and getting taken for a ride by expensive advisors
Who tend to come up with bumfuck benchmarks other than the common ones. Sometimes for good reasons. Often to justify their own comp.
> Many would be better off using an S&P 500 index fund
Maybe. They would probably be better off with some total-market funds (instead of biasing towards large caps, especially if they're small). But my point stands: pension funds don't tend to automatically follow any major index, much less the S&P 500 proper.
It’s true that S&P 500 is not the most popular US equities benchmark for pension funds. Russell is the preferred provider - and they will include SpaceX 5 days after the IPO.
> S&P 500 is not the most popular US equities benchmark for pension funds. Russell is the preferred provider
Where are you getting this from? Basically zero pension funds automatically track any single index. (There seems to be a misconception equating pension funds with retirement funds in general. Pension funds are, on the whole, remarkably sophisticated investors. Many pensions funds were private shareholders of these companies already.)
> Russell is the preferred provider - and they will include SpaceX 5 days after the IPO
Russell has loads of indices. Their total market index will quickly incorporate SpaceX. Same with S&P. There are also IPO indices that will incorporate it on day one, because that's what they're designed to represent.
>> S&P 500 is not the most popular US equities benchmark for pension funds. Russell is the preferred provider
> Where are you getting this from?
At least it seems correct for a subset that may or may not be representative:
“This report intends to provide insights into the overall and asset class benchmarks selected by the 50 largest U.S. public defined benefit plans. [.. ] the Russell 3000 index was most frequently cited to measure U.S. equity performance.”
You’re right but this chain of reasoning is irrelevant/missing the important point.
You don’t need to track index X to be affected by changes in X. You only need to hold something related to X. Almost all pension funds, heck almost every investment account in the world holds something affected by some index.
I find that Chinese manufacturing offers the complete range of quality for every price point. At reasonable prices, the quality meets or exceeds that of other countries. But if you want something cheap and cheaply made, you can find that as well. And at the extreme, you still have counterfeit parts and products.
Probably true, but Trello just had a major multi-day outage that prevented commenting on or moving cards, so I would be hard pressed to recommended it to anyone at this point.
A few years ago I wrote a workforce scheduling program designed to be used by non-programmers. I worked in a restricted environment so couldn't install anything. The whole thing ran on SWIPL's web offering.
Users simply had to change the basic "facts" (who was available on what days, how many people were needed), and the program solved for the various constraints and offered solutions.
It was maybe about 300 lines of Prolog, no complex dependencies. It replaced a pile of Python scripts that required a lot of state, didn't really work, and could only run on a few specific computers.
For regular users, it was relatively easy to understand and change the facts. SWIPL for web also offers a nice "notebook" interface that lets you mix data, code, and markdown / output blocks so the documentation was inline.
> Vibe-coding makes you feel like you have infinite implementation budget. You don't. You have infinite LINE budget (the AI will generate as much code as you want). But you have the same finite complexity budget as always.
This is a special case of a general fundamental point I'm struggling with.
Let's assume AI has reduced the marginal cost of code to zero. So our supply of code is now infinite.
Meanwhile, other critical factors continue to be finite: time in a day, attention, interest, goodwill, paying customers, money, energy.
So how do you choose what to build?
Like a genie, the tools give us the power to ask for whatever we want. And like a genie, it turns out we often don't really know what we want.
Right - knowing what to actually build always has been and always will be the limiting factor to actual success. I could spend months and hundreds of dollars generating the absolute BEST todo list that's out there but nobody wants that.
I have vibe coded 3 applications I never had time to code but always wanted.
Now it is different in a way where now I don’t have time to use those apps.
That’s a joke.
But I do believe it answers the question of “what to build?”. If you didn’t have time before LLM assisted coding you still don’t have time for it. You most likely know what is used and what not already by heart or by some measurements.
I get irritated by Zoom saying I need to update right when I open the app and want to join a call. Or even worse, sometimes I'll have had the app open (checking video and sound) and it won't notify about a required update until I actually go to join a call.
Never understood why they don't propose the update when the call has ended.
Bitwarden also does this, with a big modal popup - and I only use my password manager in the middle of a flow. I'm either in the middle of signing up for some thing to accomplish a goal (like checking out on a website), or logging in to something to do the same.
I'd much rather it prompt on app close (when I don't care how long the update will take), or just have a button in the UI that I can click at my leisure.
The irony is that real FSI language courses generally produce graduates who can read the newspaper and deliver a press release but cannot order food in a restaurant or explain to the delivery driver how to reach their apartment.
I never met an FSI graduate who felt their language training was great. I met many who felt it wasn't, and many who had to effectively relearn the language when they arrived in country.
I simply don't believe that it generally produces graduates who 'cannot order food in a restaurant'. The phrases required for that are almost always simple. Perhaps you mean that the graduates do not necessarily know certain vocabulary (in the sense of not knowing how to precisely specify a 'rack of lamb' whatever) or the correct register/politeness level for every possibility?
I don’t know what exactly the op meant by delivering a press release, but at least I after a four year high school german course can read newspaper articles in german but would struggle quite a lot to order food (granted, I wasn’t very good at it). In a more grammar heavy language understanding is a lot easier than writing which is a lot easier than speaking.
Is it? I don't know of any person using Duolingo or any other app to perfect their language. Most of them either learn from a uni course or something similar.
The post mentions the deficiencies of TCP for mobile devices over unreliable links, but I've had nothing but trouble with Wireguard when connecting from phones via mobile data.
I suspect it's due to my mobile operator doing traffic shaping / QoS that deprioritizes UDP VPN.
In contrast, connecting to OpenVPN over TCP was a huge improvement. Not at all what I expected.
Counter-anecdote: I've been using WireGuard on Android for years with no particular issues to speak of. 0.0.0.0/0 to my home network. I often forget to enable WiFi at home and don't notice (I often have it disabled when out).
I suspect ya you're right - nothing to do with Wireguard. I set it up do I could VPN into my home network from my phone. More than once, I have forgotten to turn it off. Everything worked, and I only noticed days later. Very robust, in my anecdotal experience.
The much more likely culprit is your VPN server's port. If it's running on some no-name port (such as the default 51820), that's likely to get throttled.
I'd bet that switching your VPN server port to 443 would solve the problem, since HTTP/3 runs on 443/udp.
Many people only think of picture rail as what you find in old Victorian homes, but modern picture rail can be much less obtrusive and lightweight. I have a lot of framed art as well. When I finally bought a house I installed STAS minirail throughout. The "wires" are transparent Perlon filament, and anything you hang can instantly be adjusted vertically and horizontally.
This is way better than arguing with partner about the proper height, making a destructive hole, then having to cover/patch when opinions or artwork change. My walls are not drywall, so that was a big factor, but the freedom to arrange/rearrange is a major benefit.
Can confirm you can still replace the ISP provided router from SFR with your own, even if you're on IPv4 CGNAT in France. You do still need to configure the DHCP client ID.
My connection has been very reliable since ditching the SFR box. My own router plugs into the separate ONT.
Telling that among OECD countries, the US is an outlier in having a much lower average funding ratio, and this despite the fantastic performance of the US stock market over the last 15 years.
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