Then, any share price appreciation on the shares is captured by you at vesting, rather than being paid in cash (the value of which has been inflated away) and then purchasing shares/index that has risen in the last 1-4 years.

If you are paid in cash, you will be buying fewer shares per dollar (and per year) rather than getting the same number.

3 car lengths is a ridiculously too close following distance at freeway speeds.

I can’t fathom why part of the deployment of the new system wasn’t to re-seed to the current ticket number or an easy-to-remember integer (hopefully via database, but also ok even if via a Selenium for loop to pull 19,999 tickets to burn the numbers in the new system).

I am near-sighted overall and have needed distance glasses all my driving life. I got progressives last year and driving is safer now as I have a small area that I can use to clearly (and quickly!) read the instruments, the radio (read: map), defroster controls, etc.

In my case, not having multi-focal lenses was prioritizing convenience/laziness/cost over safety.

Once or twice a day, I notice a visual artifact that I perceive to be in my left peripheral vision, and of course I sometimes need to move my head slightly to see something, but being able to see clearly at all distances with relative ease is the exact opposite of “practically useless” IMO.

Surely then it would ease your suspicions…

I doubt you can pull this off unless you’re willing (and able) to fire at least 25% of teachers who appear not willing (and under strong unions cannot be required) to outperform the current 90th percentile teacher.

There are great teachers; there are also entirely lazy/entitled teachers who will never willingly be at the performance of the current top 10%.

“Anyone who applies the smallest amount of effort gets a B and anyone who really tries gets an A” is a path to being seen as a great teacher in the eyes of the students, especially the students who got a B.

For me, part of craftsmanship is the quality of the shipped product. (I’m also willing to use CNC tools while doing hobby woodworking; others think that takes away the craftsmanship; I think it changes how the craftsmanship is experienced and applied.)

If someone else can make it more efficiently, there's a powerful force for you to also have to improve to match that efficiency.

"Why is the airline experience so much worse than 50 years ago?" "It's massively cheaper per seat-mile, and consumers in aggregate reveal that they prefer the cheapest price that online travel searches, so airlines deliver to that preference."

With models, there’s no reason that a model error in company A can’t be fixed for all of company A, and companies B-ZZZ.

If PE firm A wants to buy company C using an LBO, it could do so by having C borrow money and then A purchase C, or by creating an entity B that borrows money and then purchases C. Whether B or C owns the debt doesn't change anything meaningful for A, and it's pretty clear that you're allowed to form company B (and really hard to imagine how you'd make that illegal without effects that would be worse than current).

Not only is that politically attractive, I think it’s more good than bad as public policy.

Turning back to PE/LBOs:

Having limited liability entities (companies) also serves good public purposes. Having companies being able to borrow money also does. Having companies being able to own other companies also does. I think that’s the only three ingredients you need for the PE model to operate and I don’t think that the public is helped by barring any of those three things.