Recent comments in /f/dataisbeautiful

Noctudeit t1_j8nq1ez wrote

Rent is not a "burden". That word implies that it is imposed by some external entity. Rent is the satisfaction of your fundamental need for shelter just like food is satisfaction of your fundamental need of nourishment. Do you consider yourself "burdened" by the fact that your body needs to eat/breathe/excrete?

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studude765 t1_j8nmryx wrote

>My point was that they have managed to operate successfully well before their IPO and associated reporting requirements.

They were profitable, but were they as profitable as they could have been? Did they generate as high of an ROIC as they could have? Also the fundamental difference in Saudi Aramco and Venezuela's oil company is that Saudi Aramco is run as a business with little to no direction from the Saudi family (though they do enjoy all of the dividend benefits)...in Venezuela the government directly makes business decisions for the oil company and that has led to poor capital allocation decisions...this is also somewhat true for PEMEX as well.

>They seem to be following best practices and hiring professionals for operations. Then again, aren't these professionals essentially government employees?

Again, the company does not get directly dictated what to do by the government, as does tend to happen in Venezuela and somewhat with PEMEX as well.

>Regarding the BOD, do note there are two government ministers sitting on the BOD.

Out of how many BOD members though? with Venezuela you have pretty much 100% government control and with PEMEX still more government control than 2 BOD members.

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Syrdon t1_j8nmgdn wrote

It’s about alcohol sales and protecting profits. If you let people leave efficiently they’ll go tailgate in the parking lot instead of buying stadium beer.

Edit: thinking about it, I’ll bet a relative lack of parking largely kills tailgating. Assuming european football stadiums are substantially more reliant on public transit, then they get some of those same protections as a free bonus on not having the same car culture the us does.

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garlicroastedpotato t1_j8njn8v wrote

Yes. Like I don't know any of the people who compete in horse jumping and I suspect most of the world doesn't. But they're all famous. Someone like David Chalmbers is a complete and total rockstar in philosophy... but broadly the world doesn't know who he is.

The term celebrity simply refers to being known. Sometimes the word is modified "local celebrity" to refer to people who are well known only in your town or city.

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