Fang, ant, bat


#698

To this day I still don’t understand Netflix. Oh well. Win some and lose some.


#699

There’s no need to understand anything. Do you really need to know how an internal combustion engine works in order to drive a car?


#700

Well at least I need to make sure the engine doesn’t blow up on the road?


#701

Well if it ever did just call your insurance company and have it towed… :laughing:


#702

Highly compensated executive team?


#703

+1


#704

Over 50% of evening internet traffic in the US is Netflix. It’s no different than HBO, Showtime, Hulu, or any other premium service. The produce content and charge and monthly fee for people to view it.


#705

Of course we understand what it does. The puzzling part is its valuation. It has about the same market cap as Disney.


#706

What about AMZN’s valuation? It’s about the same market cap as APPL. Also very puzzling indeed… :laughing:


#707

Used to be puzzled by amazon too but enlightened by Chamath.


#708

Hello @manch, how are you feeling today? Do you have the urge to scream? :slight_smile:


#709

Today’s like


#710

You going to buy some RE in Gangnam?


#711

Don’t do it. North Korea will nuke that place in due time… :scream:


#712

@Jane said that’s bad idea. South Korea also has capotal control. I am not sure foreigners can even own properties there…


#713

(scream? ‘manch)
=> #\t

(korean? ‘manch)
=> #\f


#714

LISP programmer?


#715

(display “no” (current-output-port))


#716

From pure investment perspective, Gangnam is a great place. My condo went up 3.5 times since I bought it in 2000. Easy to maintain rental property as well.
However, the challenging part is transferring money from Korea to US.
To do so, you have to submit the proof of source for money (not only for the instance but also for entirely accumulated money in your life time) to get the grant from government. On top of that, if you and your spouse share the property, the money transfer must be split exactly half and half (again they check life time transaction history). Otherwise, you have to pay gift tax. That part is real hassle.


#717

I wanted to buy some Samsung shares and did a little bit research. There seems to be no good way to do so. Is there other roundabout way to buy?