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Joined 3 years ago
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Cake day: January 22nd, 2024

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  • Five companies owe more money than their balance sheets admit. A Nikkei analysis of financial footnotes at Alphabet, Microsoft, Amazon, Meta, and Oracle found $1.65 trillion in off-balance-sheet obligations tied to AI infrastructure — binding, must-pay commitments parked in the fine print

    Good thing I don’t invest in these big names, not only because of overvaluation but also because of corruption. My mom told me to be careful with investing because companies go bankrupt but i kinda dismissed her concerns because I am thinking that the days of Enron accounting magic is over. But it looks like it’s still alive and well. Although I doubt executives will be held accountable.





  • Even a conservative thinker argued before that people don’t just go to where there are “free stuff”, most people still value rule of law and freedom. Only few, if ever, risked their lives crossing the Caribbean to go to America not to Cuba, the latter which has free healthcare. Now that I think about it, African refugees fleeing post-colonial strife did not go to either Eastern Europe or USSR during the Cold war, they went to Europe and North America instead.