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In 2012, the Obama administration required airlines to show all mandatory fees and taxes in their advertised fares to consumers upfront. This was a massive win for consumers, as airlines were no longer able to pass a large share of the taxes onto consumers. Airlines subsequently lost revenue. by smurfyjenkins in science

[–]pdwp90 39 points40 points  (0 children)

Yeah it's very much a work in progress. Thanks for the feedback, one of the things on my to-do list has been to make the transaction table easier to navigate.

One thing I'll say is that if you use the main site, you can search data by ticker, and that will show you all transaction by members of the house and senate, as well as a bunch of other alternative data.

In 2012, the Obama administration required airlines to show all mandatory fees and taxes in their advertised fares to consumers upfront. This was a massive win for consumers, as airlines were no longer able to pass a large share of the taxes onto consumers. Airlines subsequently lost revenue. by smurfyjenkins in science

[–]pdwp90 1837 points1838 points  (0 children)

The value of transparency should not be understated.

To give one example, the transparency provided by Obama's STOCK act did not prevent Richard Burr from selling off a bunch of stock after leaving a confidential COVID-19 briefing, but it did allow us to find out about it.

It was that legislation which allowed me to build a dashboard tracking senate stock trading and I'm confident that insider trading in congress has gone far down since they've been required to disclose all financial transactions.

In 2012, the Obama administration required airlines to show all mandatory fees and taxes in their advertised fares to consumers upfront. This was a massive win for consumers, as airlines were no longer able to pass a large share of the taxes onto consumers. Airlines subsequently lost revenue. by smurfyjenkins in science

[–]pdwp90 465 points466 points  (0 children)

One of Obama's accomplishments that I don't see talked about much is his work towards corporate and political data transparency.

One of the examples most relevant to me, is the STOCK act, which required members of congress to disclose financial transactions. Without that piece of legislation, I would not have built my dashboard tracking senate stock trading.

In 2012, the Obama administration required airlines to show all mandatory fees and taxes in their advertised fares to consumers upfront. This was a massive win for consumers, as airlines were no longer able to pass a large share of the taxes onto consumers. Airlines subsequently lost revenue. by smurfyjenkins in science

[–]pdwp90 0 points1 point  (0 children)

When most companies determine whether or not they want to commit misconduct, the equation they're looking at is

(Profit from misconduct)-(Lost sales from getting caught+Fines from getting caught)*(Probability of getting caught)

If the result of that equation is positive, they'll commit the misconduct. Therefore, the best ways of combatting corporate misconduct are either to increase the penalties for it, get better at catching it, or doing a better job as consumers of avoiding companies with shady practices.

It's like this scene from fight club.

In 2012, the Obama administration required airlines to show all mandatory fees and taxes in their advertised fares to consumers upfront. This was a massive win for consumers, as airlines were no longer able to pass a large share of the taxes onto consumers. Airlines subsequently lost revenue. by smurfyjenkins in science

[–]pdwp90 353 points354 points  (0 children)

Obama did a great job during his administration of working towards data transparency.

He signed the STOCK act into law, which required members of congress to disclose financial transactions. It was that legislation which allowed me to build a dashboard tracking senate stock trading.

Alternative Data: Trade on what you know. (Meta-DD inside) by pdwp90 in wallstreetbets

[–]pdwp90[S] 13 points14 points  (0 children)

I scrape the tomorrow's moves threads every night, calculate the mentions of bullish terms and divide it by the number of bullish terms+the number of bearish terms.

Pretty naive approach, but it passes the eyes test.

Alternative Data: Trade on what you know. (Meta-DD inside) by pdwp90 in wallstreetbets

[–]pdwp90[S] 14 points15 points  (0 children)

It's not financial advice, but if I'm looking to mindlessly stock pick, I usually just choose a consumer discretionary that has had a lot of user growth on Twitter in the last 24 hours.

That being said, I'd probably recommend not just mindlessly stock picking.

Alternative Data: Trade on what you know. (Meta-DD inside) by pdwp90 in wallstreetbets

[–]pdwp90[S] 59 points60 points  (0 children)

When you’re making moves, what you should be thinking about is who’s on the other side of the trade, and which one of you has better information.

Most active investors are trading on the same set of information, and have been for generations. Instead of trying to beat everyone else at analyzing earning reports, “expert” stock picks, or Wall Street Journal articles, you should be seeking out non-traditional sources of information that you are familiar with, and have an edge in analyzing.

This non-traditional investment data is known as alternative data, and I’ve been working with it for the last year.

The reason you might not have heard about alternative data is because, if you don't know where to look, pretty much the only way to get your hands on it is by working at a hedge fund, or by writing the code to collect it yourself. Investment data sites like Quandl only offer their alternative data selection to institutional investors. Why? Wall Street veterans know they have little advantage over retail investors in analyzing alternative data, and data providers are only able to market to institutional clients by offering them exclusivity.

I’ve been working on collecting alternative data and providing it for free, because it’s information that I think retail investors have a competitive advantage in utilizing. If I wanted someone to analyze Twitter data for me, I’d probably choose someone from WSB over a boomer financial analyst.

Instead of trying to analyze earnings statements better than thousands of other people, some of whom have spent 40 years analyzing earnings statements, you should be looking for more niche angles that you’re passionate about investigating.

For instance, if you’re into politics you can track what stocks politicians are buying and selling or what legislation publicly traded companies’ are lobbying on.

I've also been collecting data on WallStreetBets discussion that I’m sure you all are better at analyzing than Wall Street.

And if you really want to LARP as Sherlock Holmes, track corporate private jet flights. It worked for a someone who found some of Occidental Petroleum's flights out to Omaha suspicious.

My reaction as a Canadian when they say "Canada is fucked too, if Trump gets re-elected." by HallucinoJER in reactiongifs

[–]pdwp90 39 points40 points  (0 children)

Once we do that, we need to make it a top priority to get corporate money out of politics. Corporate lobbying deserves a fair share of the blame for being at the root of a lot of the science denialism we see today.

Fossil fuel companies spend millions of dollars a year to persuade politicians to vote against science. Politicians then go to great lengths to convince their constituents that their awful voting record is alright, because science is make believe.

I track how lobbying money is being spent by companies on my site, and just a couple weeks ago Occidental Petroleum spent $2.3M lobbying on clean water legislation.

Facebook reports a decline in users in the U.S. and Canada by StarryNight321 in technology

[–]pdwp90 125 points126 points  (0 children)

That's why I suspect that Facebook might be on deck after the recent anti-trust action taken against Google.

Facebook reports a decline in users in the U.S. and Canada by StarryNight321 in technology

[–]pdwp90 12 points13 points  (0 children)

Twitter's stock is down 17% after reporting slowing user growth and ad uncertainty just a couple hours ago

Facebook reports a decline in users in the U.S. and Canada by StarryNight321 in technology

[–]pdwp90 157 points158 points  (0 children)

With the recent anti-trust action against Google, it seems like only a matter of time until Facebook faces similar scrutiny. They were fined $5B by the FTC just last year for privacy violations.

The results of November 4th could also potentially have a negative impact on Facebook's future. I've been tracking how correlated publicly traded companies' stock prices are with the odds of different election outcomes, and Facebook has been the only social media giant whose performance has been negatively correlated with the chances of a Biden presidency.

My reaction as a Canadian when they say "Canada is fucked too, if Trump gets re-elected." by HallucinoJER in reactiongifs

[–]pdwp90 18 points19 points  (0 children)

To make matters worse, Trump blocked all new H-1B visas through the rest of 2020 (source).

Many American companies rely on these visas to attract talent and fill out their workforce. I've been building a dashboard to track which companies use H-1Bs the most, you can check it out here.

My reaction as a Canadian when they say "Canada is fucked too, if Trump gets re-elected." by HallucinoJER in reactiongifs

[–]pdwp90 97 points98 points  (0 children)

If anyone is interested, I've been building a dashboard to track which companies rely the most on these visas to fill out their workforce, you can check it out here.

On a personal note, many of the smartest guys I know are international students, and it'll be a shame if nationalism keeps them from working here upon graduation.

The onshore wind cost has fallen to $26 a megawatt-hour, and utility-scale solar is $29. Forget coal - that means that building new wind and solar is now cheaper than keeping many existing gas plants running. by altmorty in technology

[–]pdwp90 14 points15 points  (0 children)

I think my comment was poorly worded. I didn't mean it's more profitable in the long term for people buying energy to buy green, I meant it's more profitable for society to invest in green early.

The reason there's an in-congruency between the two is because of externalities.

The onshore wind cost has fallen to $26 a megawatt-hour, and utility-scale solar is $29. Forget coal - that means that building new wind and solar is now cheaper than keeping many existing gas plants running. by altmorty in technology

[–]pdwp90 175 points176 points  (0 children)

When you factor in externalities, it's always been the best long-term financial decision for us to go green. Unfortunately, lobbyists for the fossil fuel industry have been able to convince politicians to tell their constituents that it's not worth pursuing because of the short-term cost.

I commented this elsewhere, but I track lobbying on my site and it's absurd the amount of money that is spent lobbying against climate legislation. It's only by the amount that is spent by defense contractors and pharmaceutical industry lol.

The onshore wind cost has fallen to $26 a megawatt-hour, and utility-scale solar is $29. Forget coal - that means that building new wind and solar is now cheaper than keeping many existing gas plants running. by altmorty in technology

[–]pdwp90 5 points6 points  (0 children)

I place some blame on the misinformed, but I think the fossil fuel industry is really at the heart of the issue. They pay millions of dollars a year on lobbying to buy politicians votes, and politicians then justify their awful climate voting record by trying to convince their constituents that climate science is a sham.

I track lobbying on my site, and it's absurd the amount of money that is spent lobbying against climate legislation. It's only by the amount that is spent by defense contractors and pharmaceutical industry lol.

China's aggressive policy of planting trees is likely playing a significant role in tempering its climate impacts. by NinjaDiscoJesus in science

[–]pdwp90 1574 points1575 points  (0 children)

Any effort to counteract climate change will need to be a global effort, and it's incredibly important to make sure China is on board. In order to do so, we will need to elect leaders who are comfortable reaching agreements with other nations on climate progress.

There's no lack of support for climate action (2/3 of voters think more action should be taken), and there's certainly no lack of science demonstrating the gravity of climate change.

Fossil fuel companies spend millions of dollars a year to persuade politicians to vote against science, who then go to great lengths to convince their constituents that their awful voting record is alright, because science is make believe.

I track how lobbying money is being spent by corporations on my site, and just a couple weeks ago Occidental Petroleum spent $2.3M lobbying on clean water legislation.

TIL Norway's oil fund is worth 1 trillion dollars. But, the country only spends 3% of the fund a year, because they are saving it for the next generation. by Odd_Dust4 in todayilearned

[–]pdwp90 4 points5 points  (0 children)

I think one of the most admirable aspects of the fund, is its use as a vehicle for climate progress.

While there are a number of concerns to be had with institutional investors holding stake in large portions of our economies, one benefit is that they typically focus on expanding the pie instead of just increasing the size of their cut.

For funds like Vanguard that hold trillions of dollars in assets under management, the easiest way for them to increase their returns is to work on the macro, like making climate progress and technological advancement.

60 percent of voters support transitioning away from oil, poll says by Wagamaga in technology

[–]pdwp90 47 points48 points  (0 children)

"Don't tell me what you value, show me your budget, and I'll tell you what you value."

60 percent of voters support transitioning away from oil, poll says by Wagamaga in technology

[–]pdwp90 18 points19 points  (0 children)

Transitioning is a verb though, not an end result and I'm not sure how you would quantify it with a period of time.

If the question was whether voters would support getting rid of oil as an energy source, that would make sense to ask with a time period, but to transition away from oil just suggests that we will start relying on it less.

Wall Street tumbles again, with the Dow falling 500 points on lockdown concerns by Ready_Mouse in news

[–]pdwp90 47 points48 points  (0 children)

Sorry, the site was getting hugged to death yesterday, and I put up a login gate to reduce traffic and forgot to take it down.

Just took it down, thanks for the reminder.

Wall Street tumbles again, with the Dow falling 500 points on lockdown concerns by Ready_Mouse in news

[–]pdwp90 66 points67 points  (0 children)

Sorry, the site was getting hugged to death yesterday, and I put up a login gate to reduce traffic and forgot to take it down.

Just took it down, thanks for the reminder.