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Monetizing Stupid

contemporaryidiot.com

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Re: Monetizing Stupid

#21

Post by DoreenMichele »

SahAssar wrote: post #17
dcow wrote: post #7

I find the author slightly annoying insofar as they think you can study markets scientifically and thus applying astrology to market behavior is idiotic. For all we know Elon times his tweets to key horoscope events and the market actually does invert every time mercury is in retrograde (which the data/history seem to support). If we were talking about trying build a bridge or something I’d be a lot more receptive to…

> For all we know Elon times his tweets to key horoscope events That does not make it any less or more wrong. If someone takes actions to make the stock market fit horoscopes that does not make the horoscopes better or worse at predicting those actions.

Actual serious students of astrology: "The stars incline; they do not compel"

The rest of the world: "If you believe in astrology, you think you can know the future."

Re: Monetizing Stupid

#22

Post by dcow »

lern_too_spel wrote: post #13
dcow wrote: post #8

Earlier quoted context omitted.

Totally agree. I came off the reading wondering how young the author is. The essay is quite immature.

The author is telling you how to make money. There is nothing immature about making money. There is an interesting tangential public policy issue about how to limit societal damage from people taking advantage of others, but that is not the point of the article.

We're talking about the tone. The author's point is not entirely whacko: "hey plz stop using astrology to make investment decisions, it's stupid". But the tone of "hey look at how stupid Maren and all her 1MM followers are how does this even happen I thought the humans were more sophisticated than this, wow such crypto much stupid" is really kind of unpleasant.

But to your first point: how do you make money on crypto markets? I must have missed this nugget of wisdom in the author's rant.

Re: Monetizing Stupid

#23

Post by marcodave »

dcow wrote: post #8
3princip wrote: post #6

What a mean and immature article. The "influencer" is stupid (and a psychopath apparently), everyone is stupid, well everyone except the author of the text. It does read like someone very young wrote it, I guess the author is young enough to know everything.

Totally agree. I came off the reading wondering how young the author is. The essay is quite immature.

from the About page

college-educated-thirtysomething

well, young is relative :)

Re: Monetizing Stupid

#24

Post by grumple »

dcow wrote: post #22
lern_too_spel wrote: post #13

Earlier quoted context omitted.

The author is telling you how to make money. There is nothing immature about making money. There is an interesting tangential public policy issue about how to limit societal damage from people taking advantage of others, but that is not the point of the article.

We're talking about the tone. The author's point is not entirely whacko: "hey plz stop using astrology to make investment decisions, it's stupid". But the tone of "hey look at how stupid Maren and all her 1MM followers are how does this even happen I thought the humans were more sophisticated than this, wow such crypto much stupid" is really kind of unpleasant. But to your first point: how do you make money on crypto…

Do we really have to be respectful of deliberate nonsense? It seems that only serves to validate that nonsense as worthy of serious debate... which it isn’t. This time policing serves only to help spread the ridiculous conspiracy theories, anti-science, and anti-reason.

Taking the high road has repeatedly failed in public discourse.

Re: Monetizing Stupid

#26

Post by dcow »

exolymph wrote: post #5

The topic is interesting but this smarmy "I'm so smart" style drives me up a wall. You consider yourself superior to people who believe in astrology, we get it. Focus on the point

100 on the tone. I can't stand it either.

Focusing on the point: let's all agree astrology is dumb and immature, sure. However, if your goal is to actually understand what moves a market (and presumably make money), I think it rather inexperienced and ruinous to ignore the effects of millions of people, who may be open to being influenced by astrological events, participating in the market.

Re: Monetizing Stupid

#27

Post by dcow »

grumple wrote: post #24
dcow wrote: post #22

Earlier quoted context omitted.

We're talking about the tone. The author's point is not entirely whacko: "hey plz stop using astrology to make investment decisions, it's stupid". But the tone of "hey look at how stupid Maren and all her 1MM followers are how does this even happen I thought the humans were more sophisticated than this, wow such crypto much stupid" is really kind of unpleasant. But to your first point: how do you make money on crypto…

Do we really have to be respectful of deliberate nonsense? It seems that only serves to validate that nonsense as worthy of serious debate... which it isn’t. This time policing serves only to help spread the ridiculous conspiracy theories, anti-science, and anti-reason. Taking the high road has repeatedly failed in public discourse.

> ridiculous conspiracy theories, anti-science, and anti-reason

I am more humble than that.

It's not so much that I respect it out of awe or because I think it needs to be validated or is correct. It's that I disagree with such a hyper-rational conviction that there's no possible correlation between astrological events and human behavior (a market is entirely human behavior). Such conviction can be.. dangerous.

I do not believe a market is rational or scientific (they are certainly "efficient" though). I actually find those with a desire to approach such a human phenomenon scientifically to also fall in the anti-science anti-reason bucket, because they do not understand the limits of the scientific method or western rationalism.

When presented with a black-box market:

The scientific method can help you discover a model that answers the question, "how does the market work?".

Science cannot answer the question, "why does the market move?".

Re: Monetizing Stupid

#28

Post by dcow »

SahAssar wrote: post #17
dcow wrote: post #7

I find the author slightly annoying insofar as they think you can study markets scientifically and thus applying astrology to market behavior is idiotic. For all we know Elon times his tweets to key horoscope events and the market actually does invert every time mercury is in retrograde (which the data/history seem to support). If we were talking about trying build a bridge or something I’d be a lot more receptive to…

> For all we know Elon times his tweets to key horoscope events That does not make it any less or more wrong. If someone takes actions to make the stock market fit horoscopes that does not make the horoscopes better or worse at predicting those actions.

What does predict those actions, then? Do you believe the sun will rise tomorrow?

Re: Monetizing Stupid

#29

Post by stickfigure »

wombatmobile wrote: post #20

English physicist and mathematician Isaac Newton produced many works that would now be classified as occult studies. These works explored chronology, alchemy, and Biblical interpretation (especially of the Apocalypse). Newton's scientific work may have been of lesser personal importance to him, as he placed emphasis on rediscovering the occult wisdom of the ancients. In this sense, some historians, including economis…

Isaac Newton was, perhaps, one of the most brilliant human beings that ever lived. But even brilliant people get stupid sometimes. Spending the later half of his life on alchemy was an unfortunate waste of human capital.

Re: Monetizing Stupid

#30

Post by lern_too_spel »

dcow wrote: post #22
lern_too_spel wrote: post #13

Earlier quoted context omitted.

The author is telling you how to make money. There is nothing immature about making money. There is an interesting tangential public policy issue about how to limit societal damage from people taking advantage of others, but that is not the point of the article.

We're talking about the tone. The author's point is not entirely whacko: "hey plz stop using astrology to make investment decisions, it's stupid". But the tone of "hey look at how stupid Maren and all her 1MM followers are how does this even happen I thought the humans were more sophisticated than this, wow such crypto much stupid" is really kind of unpleasant. But to your first point: how do you make money on crypto…

> But to your first point: how do you make money on crypto markets?

The author states this quite clearly. The way to make consistent legal returns off crypto is by selling snake oil to crypto speculators. "She’s leveraged her massive following into several lucrative revenue streams."

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