41–50 of 640 posts
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.
At one point I knew I could beat the market with l33t software skills. I was wrong and only realized it after donating about 3k to Wall Street.
Earlier quoted context omitted.
You sound foolish, I’m gonna need to take all your money. Don’t worry, I’m being objective.
The argument is that the objective test is whether you can actually convince anyone to hand over money.
I remember a controversial scamming figure in Italy that made millions by selling lucky numbers for lotteries or exploiting people's stupidity to part them with their life savings. Her motto was "idiots _have_ to be scammed". While this figure was morally and ethically deplorable, it always made me think how her motto essentially implied that there was an element of pure natural selection happening and she saw hersel…
Edit: Social Darwinism and justification of the private market economy are inextricably linked. I do think there is some merit to, well, divvying resources by merit, but our current world sees such an exacerbation of resource division the idea it reflects actual merit is absurd.
About crack: The public discourse was racist, the CIA had a lot to do with creating the problem, and in general it's no worse than the cocaine my fellow white people seem to think is so much cooler.
This title is stupid. Comparisons to crack cocaine should have stopped in the 90's or early 00's at the latest. They're never made by people who have the slightest idea about what idea crack was, and whoever wrote that is extremely out of touch. About crack: The public discourse was racist, the CIA had a lot to do with creating the problem, and in general it's no worse than the cocaine my fellow white people seem to…
At one point I knew I could beat the market with l33t software skills. I was wrong and only realized it after donating about 3k to Wall Street.
If you have the math chops, you should really try to get into it just so you can realize you are not going to make a money making algorithm. I got knee deep into it out of boredom during Covid and was able to have the "aha" moment where you realize the best you can do is buy index funds or just long hold companies you believe in that are in your area of expertise.
Isn't that how RenTech got started? From what I understand, that fund still does huge gains, and can't get too big.
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