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jeffreyrogers
11,350karma·2,915submissions·March 8, 2014
about
Hedge Fund -> Defense Industry -> Big Tech
My career has mostly been at the intersection of hardware and software (including a couple of years designing FPGA gateware) and focused on designing and developing correct, performant systems, but I've been paid to do everything from PCB design to React frontends.
I also have an interest in improving clinical trials for novel therapeutics.
email: jeffreyrogers27@gmail.com
recent activity (2,915 total)
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I'm sort of an AI skeptic but I have been seeing this guy's essays for years now and he has always been super pessimistic on AI progress. I think a much more reasoned critique of AI is that …
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There have been a few proposals to close that loophole. The main reason it exists is because debt isn't counted as income since it has to be repaid.
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> What would you consider a legitimate use case for one? Setting aside money to pay for a relative who can't provide for themselves, protecting assets if you are professional who faces high ch…
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Perpetual trusts are different from irrevocable trusts, which have legitimate use cases. I don't really see how irrevocable trusts would be gotten rid of. In most states all trusts are irrevocabl…
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I think the limit it can reach without carried forward losses is 20% because that's the top long-term capital gains tax rate. The other thing I can think of is if you sell a QSBS business, then y…
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There are all kinds of irrevocable trusts that exist to remove assets from your taxable estate so that they can be passed to heirs without paying estate tax. Raising the estate tax (which is already 4…
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I find him more interesting when he talks about non-AI topics. Lots of other interesting people are like this too. I'd rather get my knowledge on AI from people who have unique insights into it. …
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I don't think it's obvious that you were talking about health insurance, which I consider fairly distinct from property, casualty, liability, and life insurance, which are all quite large ma…
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What does a better insurance process look like? Outside of health insurance, which is complicated for a variety of reasons, most insurance is pretty easy to procure. I got an umbrella policy recently …
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Can you point me to an example then? It's not linked in the article as far as I can tell and it's not easy to find on their website if it's there. I don't count simulations because…
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They've never translated it to the real world though. So saying the problem is "too easy" when they have no public (as far as I know) demonstration that they've solved that problem…
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> But frontier models have become really good, and running vending machines is too easy for them now. Wasn't their previous attempt at running vending machines unprofitable? Not aware of any d…
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The only time I see non-competes as reasonable is when someone sells a business. It seems fair to put a territory restriction on a seller so the new owner doesn't have to immediately start compet…
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Yes, here, reddit, X, at work in people's emails and status reports.
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He's a pretty successful angel/early stage VC investor so he's not some random guy. His point doesn't seem to be that there's nothing to be learned building a successful busin…
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No, you can do cost segregation to classify some of the real property as Section 1245 (which is accelerated vs Section 1250). People doing this and then selling is how they get unexpected tax bills.
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I don't know how these specific loans are structured but in real estate it's relatively common for a loan to be interest only with a balloon payment (the principal) due some number of years …
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The step up in basis happens when you die, so the estate has no capital gain. Then the debts are paid, then the heirs get whatever they're supposed to get.
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Minor nitpick. The step up in basis actually happens when you die (not when your heirs receive the assets), and your estate has to pay off creditors before distributing assets. So the debt is paid off…
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You do. I think these loans are generally used for short term liquidity. For example if you want to buy a new house before selling your old one. You'd get a loan against your assets, buy the home…
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You can't reclassify profit as reinvestment to show zero net profit. (If you could every business would have an internal hedge fund or private equity business and would show zero net profit).
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Pretty good overview of how/why these deductions reduce your taxable income. Couple of things to note. Depreciation is recaptured if you sell an asset for more than its depreciated basis. People …
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I only know one family with >=8 kids (they have 10) and not that well so I can't really comment on them. I know many with 4-6 kids though. It's true that in most cases the women have a tr…
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This is not true among the people I personally know with large families.
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I associate the concept of pronatalism with also wanting to be involved in your kids' lives, which Musk seems to have no interest in.
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I don't think Musk and Andreesseen are who most people would associate with the concept of pronatalism. The headline was surprising to me because most of the people I know who could be described …
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> The US spends ~$14,570 per person on healthcare. Japan spends ~$5,790 and has the highest life expectancy in the OECD. Ethnic Japanese in the US live have about the same life expectancy as Japane…