71–80 of 122 posts
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His peculiar approach to eating??? Wow I need to hear about this. I’ll Google, but do you have any recommended articles?
https://chisness.substack.com/p/automate-the-food
My eyes rolled into the back of my head and I was unable to continue reading any more of the article after that
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> What's wrong with helping the markets react calmly and accurately to these events? Is a surgeon evil for treating a tumor, or a farmer for addressing your hunger? Great Strawman. A surgeon is more morally good than a trader or hedge fund waiting to short companies to profit from their demise, or it's cousin the private equity industry buying up shares to take over companies and laying people off to make a profit. Y…
You're still missing the point, by a long shot. You get a tumor, a surgeon removes it. The economy gets a shock, a trader helps the market absorb it. Lots of other confusion here, but I don't really care to go point by point, since you seem pretty determined to believe that markets "contribut[e] nothing to the industries and especially society". Maybe someday you'll come back to this topic with more curiosity, but in…
That is not the same thing for traders and you know it.
> The economy gets a shock, a trader helps the market absorb it.
And in the process the trader "absorbs" and enrich themselves with more profits?
The whole point of my argument is about morals, a trader doesn't have to do what you just said, and why should they? It's all about money in the end without caring for the millions of people in society, traders can bet against the markets and win big, at the expense of the economy without helping anything or giving back to society.
In almost all cases, the traders win in the end, employees of other industries that are affected by the economy always lose, (jobs, income, taxes, etc.)
There is a reason why bankers, traders in Wall St in New York or 'The City' in London are disliked.
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https://chisness.substack.com/p/automate-the-food
Is this satire or was he a conspiracy theorist? It didn’t take very long into the article before he started talking about “seed oil infiltration”. My eyes rolled into the back of my head and I was unable to continue reading any more of the article after that
While this is a fun intellectually stimulating nerd toy for engineers, trading just doesn’t make sense to me. Making massive sums of money from bad policies of governments, shorting companies or even entire countries and making money from wars by shorting and longing commodities is a repugnant way of making money and is immoral. This is no better than crypto trading and gambling.
> trading just doesn’t make sense to me. it's not complicated. suppose Bob wants to buy an Acura NSX and Kazuo wants to sell a Honda NSX. enter trader Joe. he knows Bob, and he knows Kazuo, and he knows that the Honda NSX was also marketed as the Acura NSX. trader Joe can buy the car from Kazuo, obtain an export license, arrange for shipping and tax duties, and sell the car to Bob for a profit. that is called trading…
no.
speculation and trading are practically the same to me, the end result is an unhealthy amount of money and immoral profit extraction from virtually doing nothing at all.
There is a fantastic blog post by Ross Rheingans-Yoo about the shortcomings of poker as a tool to teach trading and why Figgie is a better one. https://blog.rossry.net/figgie/ He also wrote an equally brilliant eulogy about Max Chiswick, one of his colleagues, who helped him develop it. https://blog.rossry.net/chisness/
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Just a normal deck is fine, you have to prepare it but it’s not a big deal.
I think that is kind of a big deal. You either need to prepare many identical decks in advance or come up with an elaborate selection procedure you repeat every 4 minutes.
Earlier quoted context omitted.
Is this satire or was he a conspiracy theorist? It didn’t take very long into the article before he started talking about “seed oil infiltration”. My eyes rolled into the back of my head and I was unable to continue reading any more of the article after that
My impression is that he’s sincere, but that his writing is lighthearted and does “overplay” things for humorous effect. That said, I do think he’s opposed to seed oil. Not having looked into it much, I can’t judge whether he’s crazy or not. But even if he’s wrong, who among us _doesn’t_ have some conspiracy-ish views? I’ll go first: I think fruit juice and milk are not “health foods”, and more comparable to soda. We…
Love this. I’d really like to play with real cards, but the uneven suit setup makes that tough as a party game unless the host sits out. I guess you could prepare a bunch of decks ahead of time. At 4 minutes a round you’d need maybe 10 decks for an hour of playing though. To even it out I guess you’d have 12? But that means you’d have more info about what’s likely in later rounds.. Hmm. Maybe I can nerd snipe some in…
2. Sort them to follow a repeating pattern of 4 distinct suits, e.g. ♥♦♣♠♥♦♣♠♥♦♣♠...
2. Cut the deck, putting the top part under the bottom part
3. (The deck will still have that pattern, but shifted by an unknown amount)
4. Counting out from the top, remove the following cards:
- 1st, 5th, 9th, 13th
- 2nd, 6th
- 3rd, 7th
Or: take 3, skip 1, take 3, skip 1, take 1, skip 3, take 1
Each of these groups will be of the same suit, so the deck should have the figgy distribution.
Love this. I’d really like to play with real cards, but the uneven suit setup makes that tough as a party game unless the host sits out. I guess you could prepare a bunch of decks ahead of time. At 4 minutes a round you’d need maybe 10 decks for an hour of playing though. To even it out I guess you’d have 12? But that means you’d have more info about what’s likely in later rounds.. Hmm. Maybe I can nerd snipe some in…
1. Grab at least 4 cards of each suit 2. Sort them to follow a repeating pattern of 4 distinct suits, e.g. ♥♦♣♠♥♦♣♠♥♦♣♠... 2. Cut the deck, putting the top part under the bottom part 3. (The deck will still have that pattern, but shifted by an unknown amount) 4. Counting out from the top, remove the following cards: - 1st, 5th, 9th, 13th - 2nd, 6th - 3rd, 7th Or: take 3, skip 1, take 3, skip 1, take 1, skip 3, take 1…