>Bro Amazon growthmaxxed and figured out how to make profit later, that's clearly the winning strategy one hundred percent all of the time.
>Jerome Powell: *le interest rate hike*
>AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH WE GOTTA LAY OFF LIKE SIXTY THOUSAND PEOPLE IN THE NEXT FORTY FIVE MINUTES OR WE'RE BANKRUPT!
>Jerome Powell: *le interest rate hike*
>AAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAAH WE GOTTA LAY OFF LIKE SIXTY THOUSAND PEOPLE IN THE NEXT FORTY FIVE MINUTES OR WE'RE BANKRUPT!
I'd make the argument in the other direction.
Let's say that there was something that you absolutely needed to live, and I can either tell you that I have so much of it that you will never run out or that we are constantly on the verge of running out. Which one are you likely to pay more for as a customer?
Companies don't need to look fantastic to investors, they only need to look good enough to get the capital they want. As long as they can claim enough resources to last for the next few years, they can get the money that they need to build the well or whatever they need to build.
Let's say that there was something that you absolutely needed to live, and I can either tell you that I have so much of it that you will never run out or that we are constantly on the verge of running out. Which one are you likely to pay more for as a customer?
Companies don't need to look fantastic to investors, they only need to look good enough to get the capital they want. As long as they can claim enough resources to last for the next few years, they can get the money that they need to build the well or whatever they need to build.
Even if you take everything they say factually as true...
1.4 degrees per century.
Rebranding global warming as a "climate emergency" strikes me as a used car salesman tactic. It's the same as screaming "supplies are limited, buy now!" -- there's probably still going to be cars at the car dealership tomorrow, but they want you to buy their crap today.
1.4 degrees per century.
Rebranding global warming as a "climate emergency" strikes me as a used car salesman tactic. It's the same as screaming "supplies are limited, buy now!" -- there's probably still going to be cars at the car dealership tomorrow, but they want you to buy their crap today.
To be honest, we've probably very much don't.
Takes a lot of money in order to prove a material reserve. For that reason, companies won't prove everything that they think they might have, they will claim they've got a relatively small fraction of what's probably there because in order to go to the market and claim that you have something you need to have things pretty well dialed.
As an example, many mines claim that they have 5 years of reserves, but then a lot of those mines will go out to run for 50 years. I'm reasonably confident that the same is true in oil and gas.
Takes a lot of money in order to prove a material reserve. For that reason, companies won't prove everything that they think they might have, they will claim they've got a relatively small fraction of what's probably there because in order to go to the market and claim that you have something you need to have things pretty well dialed.
As an example, many mines claim that they have 5 years of reserves, but then a lot of those mines will go out to run for 50 years. I'm reasonably confident that the same is true in oil and gas.
Huge problem with investments like these is that the trends last years and so people assume the line's movement is eternal. It's shocking given how many times it's happened in my lifetime, but I guess that shows most people aren't really that aware of their surroundings...
"I'm not corrupt! Just ask We Charity or Aga Khan or the company that made the ArriveCan app! They'll vouch for me!"
I wonder how many of those "investors" are just regular joes who think they're investment geniuses because they convinced the bank to give them a bunch of millions because they noticed houses going up in price?
My grandpa had a big library, and I remember reading several star wars novels as a kid from that library.
I know, and all the linux vendors think we want yet another proprietary thing when what I personally want is to be running actual linux programs. I don't want to be running special gnu/android web browsers, I want chromium and firefox the same as my desktop.