benjaminklick

A social media where posts are permanent. Edits are guarded against via cryptographic signature. Deletes are guarded against via chaining. I think, with identity verification, permanence massively increases the quality of discourse. Such identity verification will become necessary soon for everyone due to AI fraud, but at any rate, I think this app would be very useful to hold public figures to their words.

Damn, what?! I didn't know the UK rates were higher. But yeah the old Vanguard brand that Bogle built is strong.

Permanent summary of my thoughts here: https://ristforever.com/rist/ea70058d-ab78-45e7-81f9-b3a5dce...

You can be held to your words too!

And what happens if active fails? Then passive would take the hit even though people go with Vanguard specifically for the low-risk passive.

It's high risk. Sure, if active funds succeed. But active funds fail more often than they succeed.

I mean even $100 annually compounds to be tens of thousands over a lifetime. Furthermore, Vanguard manages like almost 10 trillion so that ends up being nearly a billion extra extracted per year.

My main issue though is that Vanguard's brand is low-risk passive, but they are now selling high-risk active funds under that brand.

Absolutely. Fidelity has been closer to Vanguard's historical reputation than Vanguard itself in recent years.

Fair point. My thought is they are clearly spending money on tons of people they wouldn't have to if they were strictly passive. Presumably, if they didn't, the fees would be lower than they are now.

rist.pages.dev wouldn't go in link due to two dots, sorry.

Literally everybody just cheats with AI