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I want to see a fund that shorts whatever the fintech bros were shilling 6 months ago.
for what purpose? if you want a short position just short ARKK
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> Hindenburg said the truck was “towed to the top of a hill on a remote stretch of road and simply filmed it rolling down the hill.” It was then used in a video, which Nikola said was created by a third party, in which the truck appeared to be driving on its own propulsion on flat roads. It's all relative. How much is hype or marketing, and how much is just dishonesty? I think it depends on the field. I mean even the…
The solar panels on those roofs at that Elon event where fake. [1] [1] https://www.ft.com/content/e6476876-1afb-3d50-9aa7-3d40d27aa...
I remember when some FAANG buddies of mine were gloating about gains made of NKLA. It reminded me no one gives a fuck if their money is made by corruption, fraud or unethical activity. The world is truly a "Fuck you, I've got mine" type of place. Never forget it, and never trust anyone. I see the same story playing out in the Celsius network crap.
I was reading about poverty in the UK recently, the numbers are poor, but then I noticed that poverty is defined by a proportion of average wages. That means as wages go up, so does the poverty threshold. It turns out people in poverty in the UK now have double the spending power of those in the 1980s. I’m not saying poverty doesn’t exist, or that these people don’t need help. There are real issues of health, nutrition, opportunities and fairness. No question, but when someone compares poverty statistics over time, they’re not comparing the same things at all.
My wife is Chinese so I’ve seen the transformation there, where hundreds of millions of people have been elevated not just out of poverty, but into the urban middle class. Africa is undergoing a huge transformation. I’ve been lucky enough to do a lot of travelling going back to the 90s, so I’ve seen how much places have changed over the decades. It turns out individual economic and social freedoms, of property, labour, travel and association work. Give people opportunities and they build vibrant productive societies. I’ve watched them do it.
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"We think we can do self driving in a year" (very unrealistic prediction) versus "we have a working truck prototype" (literally false). Being an optimist isn't fraud.
Then Musk with his "Paint it black" Autopilot/FSD video should be in jail for fraud as well. What is the difference here? Both products weren't nowhere near where marketing was trying to show.
I remember when some FAANG buddies of mine were gloating about gains made of NKLA. It reminded me no one gives a fuck if their money is made by corruption, fraud or unethical activity. The world is truly a "Fuck you, I've got mine" type of place. Never forget it, and never trust anyone. I see the same story playing out in the Celsius network crap.
It really isn’t. I’m kind of fed up with people, who live at a time of unprecedented wealth freedom and opportunity, complaining how bad things are while the state of the world around them improves dramatically. I was reading about poverty in the UK recently, the numbers are poor, but then I noticed that poverty is defined by a proportion of average wages. That means as wages go up, so does the poverty threshold. It…
Japan is now the benchmark for high trust societies, and they copied a lot from Germany (educational system, civil codes, uniforms, many loan words for things still a reminder) nearer its social peak to get there. The results are manners, cleanliness, very safe, and almost no homeless.
So we know what could be in US and Europe is way more: at least at the level of Japan. I argue even above (if Japan copies the very-foreign Germans it means something was good about Germans).