ninthant

joined 2 months ago
[–] ninthant@lemmy.ca 13 points 4 weeks ago (2 children)

It would be extremely foolish to expect that the US will be a reliable partner going forward.

Convincing the US to reverse policies that are harming us makes sense only to give us time to transition our economy to less dependence them. It’s important to underscore this, and not hold out hope that somehow a return to the old ways is possible.

[–] ninthant@lemmy.ca 2 points 1 month ago

Fully agreed on all parts.

My response was over-focused on the section you mentioned in the edit, but the specific example in the article is unacceptable and you’re right to focus that out because I didn’t. Thanks.

[–] ninthant@lemmy.ca 47 points 1 month ago (8 children)

Initial reaction to him staying on as leader: “What? Is he insane?”

The immediate followup reaction: “Oh right yes, we knew that about him already.”

[–] ninthant@lemmy.ca 6 points 1 month ago (2 children)

I’m happy to be proven wrong but I don’t believe there are provisions for delaying just some polling stations in our current electoral system. So just wait for the storm to pass would be functionally the same as what happened here.

I haven’t read the details just the faq, it seems like the provisions for delay are at the level of entire ridings.

However I believe this experience proves we have work to do ensuring that outlying areas can participate in our democracy properly.

[–] ninthant@lemmy.ca 33 points 1 month ago (4 children)

Unforeseen severe weather conditions seems like a legit reason to close, but it seems like provisions should be made for this circumstance so that ballots can be verified and tallied later.

Just… closing with no recourse seems super bad.

[–] ninthant@lemmy.ca 19 points 1 month ago

Given how the CPC turnout was well above expected nationally, it seems more likely this was a result of the hard work Fanjoy’ team put in there and PP’s natural anti-charisma.

[–] ninthant@lemmy.ca 12 points 1 month ago (1 children)

Not just defence but so many aspects of the modern world primarily disproportionately benefit the US.

The rest of the world at-least-vaguely recognized this for a while, but inertia made this an impossible proposition. America had an incredibly good thing going for them, but thanks to greed and ignorance it still wasn’t enough.

Their loss is our gain, as the inertia is broken and we now have impetus to make the changes we’ve needed to do for quite some time. We will sever dependence on the US for defence and finance and trade, and be better off for it.

[–] ninthant@lemmy.ca 4 points 1 month ago

The gift worked, thanks for sharing

[–] ninthant@lemmy.ca 1 points 1 month ago

What articles or politicians?

[–] ninthant@lemmy.ca 6 points 1 month ago

Good journalism requires talent and time, and paying for that costs money.

Canadians have overwhelmingly chosen not to pay for journalism, so we get what we pay for: rushed articles that too often just rephrasing biased source material, or thinly disguised clickbait.

[–] ninthant@lemmy.ca 3 points 1 month ago

I mean especially in hindsight it absolutely was dumb, I can’t argue against that. And it was certainly a mistake to bet so much without having cover.

At the time I agreed with this person that their analysis of RIM as a dead company walking was correct. In fact I was likely partly responsible for their outlook (though not their reckless position).

As you say —the national interests and hope in RIM’s success kept the price at irrational levels. Much like I argued here that Tesla is staggeringly overvalued today… which is why I made the comparison in the context of someone wanting to short Tesla today. It doesn’t matter if you’re right, for shorts it also matters when you’re right.

[–] ninthant@lemmy.ca 4 points 1 month ago* (last edited 1 month ago) (3 children)

TL;DR: shorting can be an extremely dangerous proposition, tread carefully and warily.

An anecdote about shorting stocks: A close friend of mine heavily shorted RIM in early 2009 when the writing was on the wall about the success of Android and iPhone.

However the stock proceeded to double in the months following, eventually squeezing my friend substantially and generating a very significant loss.

So this person was right about the future value of RIM as a company, and was even right about the reasons — but still lost out big time.

Even in case where the stock prices don’t squeeze you out, the carrying costs can be significant and easily eat all of the profits if you get the timing wrong. Most people should never short a stock.

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