I am gaining weight just looking at this!
Asides
PRIVATE TWITTER & LOCALISM Both @rorysutherland & Elinor Ostrom discuss behavior inside a “club”, neither public nor private. Rory: airline lounges not for comfort, but you feel shielded & relax better & can leave your computer on seat to got get coffee. That’s #localism 1/n 2) Likewise by closing Twitter, participants feel more responsible. Noticed at least 95% drop in the usual internet vandal polluting threads. Will reopen Twitter temporarily for a good Twitter fight or to make a journo accountable. 3) Made a yuuge mistake, a decade ago: two members tried to make me join the Century Association (club), most difficult club in NY. They took me to lunch. I refrained from applying as food much, much inferior to that in restaurants. Didn’t realize food may taste better in a club.
My nightmare: an Antifragile tatoo.
This is sooo 1999! A single deli in NJ, with sales of 22K, managed by the high school wrestling coach next door, is listed with capitalization of 100 million. Reality has more imagination than fiction writers
Historians bullshit about numbers.
There is a cognitive dissonance on the part of #BTC-idiots that I must have made my money only selling books, so they believe stuff spread by @saifedean ( being a liar is the smallest of his attributes). For the record: <16% of my lifetime income came from books. Note it.
Imbecile, where is the gender?
Reverse skin-in-the-game. You package a company to sell it to suckers. — Note: when a person with the title of “Chief Accounting Officer” is dumping shares, you know something is going on. Simply, direct listing favors reverse skin-in-the-game. Which is already bad with companies going public.
Let me repeat (few are getting it). My point is that IQ is not a measure of intelligence, but one of unintelligence (mental deficits). Which is what Mountebank Charles Murray is, ironically, showing here.
It is easier to beat the accounting systems than beat the market. [Rephrased aphorism]
