*** VD 13 Commentary Thread ***

[heyelander]

Listening to This American Life from a couple of weeks ago... they are talking about giving vaccines and saying that some nurses have come out of retirement, many working for free, to administer shots.

I posted that Fresh Air in the Police are Parasites thread about the woman who was an auxiliary police officer in DC working 20 hours a month as a cop for free.

WTF is this working for free stuff? How do we have people administering vaccines that we aren't paying? How do we have cops that are working for free!?!? How are there so many voluntary fire houses in this country? Unpaid internships are insulting enough, but how does it make sense that these critical workers are unpaid!??!?

[Bene Futuis]

Listening to This American Life from a couple of weeks ago... they are talking about giving vaccines and saying that some nurses have come out of retirement, many working for free, to administer shots.

I posted that Fresh Air in the Police are Parasites thread about the woman who was an auxiliary police officer in DC working 20 hours a month as a cop for free.

WTF is this working for free stuff? How do we have people administering vaccines that we aren't paying? How do we have cops that are working for free!?!? How are there so many voluntary fire houses in this country? Unpaid internships are insulting enough, but how does it make sense that these critical workers are unpaid!??!?

Learn to capitalism, bro.

[Kevin Seitzer]

Listening to This American Life from a couple of weeks ago... they are talking about giving vaccines and saying that some nurses have come out of retirement, many working for free, to administer shots.

I posted that Fresh Air in the Police are Parasites thread about the woman who was an auxiliary police officer in DC working 20 hours a month as a cop for free.

WTF is this working for free stuff? How do we have people administering vaccines that we aren't paying? How do we have cops that are working for free!?!? How are there so many voluntary fire houses in this country? Unpaid internships are insulting enough, but how does it make sense that these critical workers are unpaid!??!?

My dad was a volunteer fireman for many years. There weren't enough fires for it to be anywhere close to a full-time job. Maybe one or two incidents a year, most of those grass fires? But it was 10 miles to the next town, so if we depended on the fully-staffed fire department from the next bigger town to come bail us out, things could turn bad before they could respond. So it was worth having a small fire truck on standby in the fire house and 3-4 people trained on how to use it.

If something turned serious, the big fire department would show up, but it was good to have had a head start on the problem. And in the case of major rural prairie fires, all the fire departments in the county, both volunteer and full-time, had to band together to tackle them.

There was one full-time fire department in the county seat, and probably 6 to 8 volunteer fire departments like the one in my town. This was for a county of 20,000 people and covering 2,000 square miles.

[heyelander]

My dad was a volunteer fireman for many years. There weren't enough fires for it to be anywhere close to a full-time job. Maybe one or two incidents a year, most of those grass fires? But it was 10 miles to the next town, so if we depended on the fully-staffed fire department from the next bigger town to come bail us out, things could turn bad before they could respond. So it was worth having a small fire truck on standby in the fire house and 3-4 people trained on how to use it.

If something turned serious, the big fire department would show up, but it was good to have had a head start on the problem. And in the case of major rural prairie fires, all the fire departments in the county, both volunteer and full-time, had to band together to tackle them.

then the town needs to buck up and pay people for being on-call.

[The Feral Slasher]

Learn to capitalism, bro.

The Feral Slasher....capitalisming for over 30 years!

[Ken]

learn to capitalism, bro.

Like THIS?

[Kevin Seitzer]

I'll mention more later....but in the league I am in now I'm probably lower half in player knowledge...maybe lower third. So doing the "finance" calculations and Present vs Future value arbitrage are what I need to work to compete.

There's nothing wrong with half.

[Kevin Seitzer]

then the town needs to buck up and pay people for being on-call.

Yeah, maybe? I don't think most people thought of it that way. I think they thought of it as doing their part for the community. But I see your perspective, too.

[Kevin Seitzer]

Like THIS?

DON'T OVERDO IT

do not

[Kevin Seitzer]

DON'T OVERDO IT

half way is best

[Ken]

then the town needs to buck up and pay people for being on-call.

I don’t follow.

Some people give back with their money, giving to charity, paying for the next guys meal in the drive thru, contributing to fundraisers.

Others give back with their time. Volunteer fire fighters, volunteer nurses, etc.

Some do both.

But I don’t see any of them as problematic.

[The Feral Slasher]

half way is best

*HALF WAY is best

[Kevin Seitzer]

*HALF WAY is best

**ASStoRicks

[Kevin Seitzer]

13,424 posts of quality here, folks. True quality.

[The Feral Slasher]

Interesting that you call it risk.

Extensions to me are about keeping an asset you can’t replace easily. The more you trust in your own ability to go replace that asset, the less you extend.

In some ways it’s less risky to just go for it this year and worry about 2 years from now 2 years from now.

Because I think you will do a better job than your competition at finding NEW keepers I think you shouldn’t over extend.

So related to the CAPITALISM, I try to value players similar to how theory values stocks - as an earnings stream discounted for future years. If I were motivated I would have a spread sheet for every player in the league listing their value....but we know I'm a slacker as well as a slasher. I usually don't even have my own team. But when I get down to looking at a player or two I estimate their value for each year, subtract contract, and then discount years according to risk. Then total each years value for an overall value. when it comes to keepers I can run the valuation on several contract possibilities and compare the total value.

Anyway, that is my process. Like everything with projecting stats it is subject to error. But one thing I don't worry to much is about overextending guys because I am worried about maximizing value in the next year. Paying an extra 5 bucks can yield a lot more future gains/options than letting the contract expire. My observation is that many people are very concerned with extending too long and not locking in guaranteed profit...but the risk here is that the profit is realized in year one, but profit in future years is never realized. maybe I'm doing it "wrong" but it has worked pretty well for me.

EDIT: one more point, an underpriced player that yields profit is an asset that is never that easy to replace. At least for me.