161–170 of 640 posts
What’s old is new again. If you worked in a tech office in the late 90’s, every other guy had Ameritrade or similar up in a window. It was the gaming/porn you could get away with at work. Dot com roasted them all.
> If you worked in a tech office Office? ;) I was trading stocks in between my CS classes in the late 90s lol
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Whats the difference between "idiots have to be scammed" vs "people who can't fend off a knife fighter while en route to the grocery store have to be stabbed"? Some people are gullible, or trusting. This doesn't mean they don't have other gifts, or most of all good intentions. Applying an evolutionary pressure against people who can't fend off knife attackers is ultimately useless for human wellbeing The real issue i…
There’s obviously a huge difference between a scam and a violent attack. The person being scammed doesn’t ever lose their agency and willingly participates. That’s very different from a knife attack, where the victim would leave at every moment if possible.
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Poor emotional regulation skills and executive function, perhaps.
And that doesn't happen in just a year or two. I recommend people to start off paper trading for years before putting down any real money.
Lot of people are becoming more knowledgable and skillful. But purpose is the missing ingredient. Without purpose or a motivator in life people end up getting trapped in mindless rituals. It keeps the reward circuitry in the brain from decaying.
Child rearing is a possible solution—it is our evolutionary “purpose” to reproduce, after all, and most people in the developed world today aren’t doing it.
What if we have judged the healthiest of a society on the wrong metrics. And the right one is birth rate?
We might say things are bad for a society if it’s too dangerous or not enough food so the birth rate goes to near zero and as a result it dies.
How is a society that has people being too busy or occupied with other task that neglects reproducing a better society than the latter?
Obvious too much of a birth rate is bad, but too little could also be a sign of an unhealthy environment.
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Isn't that how RenTech got started? From what I understand, that fund still does huge gains, and can't get too big.
RenTech was founded by legit signals processing guys who cut their teeth breaking codes for the NSA and basically invented ML for the stock market. They also built the best dataset in the world (at the time) for stock info as a competitive advantage. There's no real way to duplicate what they did today when everyone else is already doing quant trades to take advantage of suckers. Note: There's a great podcast on RenT…
They lost money for a long time, and it was not easy building what they built. I really enjoyed the early parts where they were solving problems in creative ways like any startup. For example, they needed data so had people calling them each day reading off numbers and someone writing them to down to enter them later.
How the later part of the story ties to today's politics is also interesting.
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Child rearing is a possible solution—it is our evolutionary “purpose” to reproduce, after all, and most people in the developed world today aren’t doing it.
>Child rearing is a possible solution—it is our evolutionary “purpose” to reproduce, after all, and most people in the developed world today aren’t doing it. I doubt it, that's because to most people it does not feel purposeful, it's a chore. Most people who say it's purposeful are generally the most vocal ones, and I suspect the minority.
Anyone who chose to have kids most likely did so with purposeful intent.
The most difficult part about the stock market is that stocks don't move for the reasons people think. People think fundamentals, news, financial performance, or chart patterns matter. But none of it does. Markets are driven purely by supply and demand. And in this case, supply and demand for the stock itself. Fundamentals are already priced in. Financial performance is already priced in. Expectations are priced in,…
Lot of people are becoming more knowledgable and skillful. But purpose is the missing ingredient. Without purpose or a motivator in life people end up getting trapped in mindless rituals. It keeps the reward circuitry in the brain from decaying.
I once asked my wife, "what is my purpose in life?", and she has been cracking dolphin jokes at my expense ever since.