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internetslave

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I’ve got better things to do, and it’s widely known that finance academia is worthless. The inner workings of the investing world is opaque. That’s why you see people posting logically sounding nonsense

Yes the same funds usually are the top ones. There’s one offs like people who made money in 2008 etc. but it’s the same people always beating the market. The industry is really small, I don’t need a false and misleading academic study

It’s not at that point yet, but now more than ever as a hard working professional you are carrying others on your back. Massively inflating asset prices are like stealing money out of your pocket if you aren’t fully invested and leveraged. If the shame of living on welfare ever disappear, and safe poor neighborhoods are in high supply, watch men drop out. It’s already happening among millennials

My honest opinion is the hard working professionals making 150-350k are getting hosed. Pay the majority of taxes in this country so that other people can loot, riot, and collect welfare. Asset prices debasing everyone’s wage due to rampant money printing, and they won’t stop. Money printing is a tax on the professional class. Being a hard working professional in this country is losing its allure, and is increasingly a suckers bet.

“ Work hard! Don’t worry if we print money and triple the cost of your house and new mortgage! You are in the top 15%! Look your class only pays 20% of the taxes, never mind all that money we printed! It’s not a tax!”

There’s a serious level of subversion about what’s going on economically in this country.

I know a lot of people whose minds were ruined by psychedelics. It’s something you will see when you spend time in those communities. It doesn’t happen to everyone, but it’s common.

What’s the name for the effect of people always bringing up the dunning kruger effect like it’s the answer to everything? I can’t go a day without reading about it

Seems like this and bloom filters. Constantly on HN. Both mostly useless