[–] 2 points 3 months ago

Most "family" businesses (like Chaebols in Korea, Keiretsu in Japan) are diversified to reduce risk.

This is in fair contrast to vertical integration often seen in Western companies (and also some rare instances when the state orders it) who only diversify when opportunities arise, not for risk reduction.

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  • [–] 3 points 3 months ago

    The weather models are built around long-term average. Short term observations even if they are consistent and low variance can be unexpected outliers for the models. This is a common concern in academia where people have been raising concerns about models having a bias and consistently underpredicting extreme events.

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  • [–] 3 points 3 months ago (1 child)

    Tests can improve prove absence of a big. They can't eliminate it.

    In a similar vein, languages like rust can only raise the bar of shooting yourself in the foot, they can't eliminate it.

    My main reason for hating rust is the npm like cargo cult. Please don't have 50 reps which you update every few months. It's impossible to do anything else except vendor most rust crates.

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