Berdes's recent activity

  1. Comment on Cargo ship hits major bridge in Baltimore, triggering collapse (gifted link) in ~transport

    Berdes
    Link Parent
    Interesting. While watching the webcam video I noticed the lights of the ship going on and off and was wondering if that had anything to do with the accident. I guess that could be explained by...

    Interesting. While watching the webcam video I noticed the lights of the ship going on and off and was wondering if that had anything to do with the accident. I guess that could be explained by power issues.

    6 votes

  2. Comment on Sony is laying off 900 PlayStation employees in ~games

    Berdes
    Link Parent
    Yes, when you press a button to sell (or buy) a share, it only happens once another market participant is doing the opposite. The reason you don't notice is that for most products, there are...

    Yes, when you press a button to sell (or buy) a share, it only happens once another market participant is doing the opposite. The reason you don't notice is that for most products, there are participants that are constantly offering to buy and sell shares, so when you press you button, the action happens immediately. I say "participant" and not "person" because those tend to be hedge funds, hft, banks and other large financial institutions.

    Those participants make a profit by offering a slightly lower buy price than sell price and pocketing the difference.

    1 vote

  3. Comment on Sony is laying off 900 PlayStation employees in ~games

    Berdes
    Link Parent
    That's not how it works, shares don't just get converted to cash: if someone buys or sells a share, there is someone else on the other side of tbe transaction selling or buying the share.

    That's not how it works, shares don't just get converted to cash: if someone buys or sells a share, there is someone else on the other side of tbe transaction selling or buying the share.

    13 votes

  4. Comment on What is a classical music piece you like? And why? in ~music

    Berdes
    Link Parent
    Wow, this is the first time I hear Kapustin's concert etudes and they immediately reminded me of Zelda BotW's OST. Not everything is exactly the same, but there are just so many similarities that...

    Wow, this is the first time I hear Kapustin's concert etudes and they immediately reminded me of Zelda BotW's OST. Not everything is exactly the same, but there are just so many similarities that I would find it very surprising if it wasn't an inspiration.

    1 vote

  5. Comment on A University of British Columbia study gave fifty homeless people $7,500 each and debunks stereotypes about homeless people’s spending habits in ~science

    Berdes
    Link Parent
    I think Minty's suggestions was more about giving $7500 to all homeless people in Canada, rather than the potential statistical results from the study.

    I think Minty's suggestions was more about giving $7500 to all homeless people in Canada, rather than the potential statistical results from the study.

    19 votes