Hacker News: chronic29521

New comment by chronic29521 in "Anthropic confidentially submits draft S-1 to the SEC"

chronic29521 — Mon, 01 Jun 2026 18:00:55 +0000

> The market can remain irrational longer than you can remain solvent.

And you can consistently beat the market as long as passive index investors believe in efficient markets.

chronic29521 — Mon, 01 Jun 2026 17:58:57 +0000

> If the company is overvalued, that overvaluation is set by the wider market, not just passive investors.

You probably also believe the markets are fully efficient and there is no insider trading ever.

Historically, it takes 6-12 months for the wider public market to determine the correct valuation.

That's why SpaceX, Anthropic, OpenAI are rushing to 15 days.

They know something bad will happen between 15 days and 6 months after IPO.

chronic29521 — Sat, 04 Apr 2026 06:48:46 +0000

your 70k points + $600/pax is equivalent to $1300

so $600 fees is 46% of the points + cash you paid

you could've cashed out 70k points as $700, therefore the 70k points becomes cash in the math

chronic29521 — Sat, 04 Apr 2026 06:45:21 +0000

> Nope. I just booked biz class flights to Scandinavia in August for 140k pts.

Was it 70k points for single passenger, round-trip business class?

It's usually 100k points for one-way business class.

More likely 70k is one-way. Which means 140k points round trip + $600+ fees, vs $2900 cash price, which is hardly a deal.

chronic29521 — Sat, 04 Apr 2026 06:43:35 +0000

> Everything there costs at least twice the price it should. Especially food which is basically what everyone does during layover.

Business class passengers don't pay for food.

They are eating free buffet in the lounge.