Don’t blame low interest rates for post-Covid tech speculative boom

A common narrative is that forever-low interest rates are to blame for the post-Covid speculative frenzy, such as in Tesla, Uber, crypto currency, SPACS, meme stocks such as GameStop, and so on. Josh Brown posits such a link between low interest rates and speculation, writing:…

Trump Twitter vs. Biden Twitter

It has been a little over a month since Joe Biden was inaugurated. After taking office, Mr. Biden stopped tweeting under his personal account (@JoeBiden) and began tweeting under the official Whitehouse “potus” account (@potus). So one month into Biden’s presidency, how does Biden’s Twitter…

The meaninglessness of the national debt

The ‘national debt’ has been a fixture of news and politics, probably since the founding of America. Although the national debt continues to swell–at $27 trillion or so as of writing this–my opinion has not changed, that being the national debt is a meaningless number,…

In defense of (some) dishonesty

Cheating and dishonesty are often framed as ethnically and morally indefensible. Either someone is honest or dishonest, without any ‘grey area’ in-between, or without taking into account the context of the situation. But rather than having to choose between what I believe to be a…

Taleb gets Covid

This is pretty funny…Nassim Tooleb (aka angry Arab man) got Covid: COVID, day 12-13. Some days were rough. All OK now. Rushed to Beirut & spent 18 days helping a parent, visiting in a hospital 2-3/day (Great @AUBMC, successful heart valve procedure). With maximal precautions,…

The Crisis of Journalism

As the Scott vs. The NYTs saga continues to unfold, one thing that stands out to me is the bipartisan nature of the criticism against the NYTs, as it is not just conservatives who have a bone to pick with the liberal media. The Times’…

Escaping the valley of mediocrity

It sucks..it is one of the worst feelings knowing that no matter what you do or how hard you try, you will never escape the valley of mediocrity. You are good, but never among the best. And no matter how hard you try, the stars…

On the Source of Woke Rage: Why is Everyone So Angry?

I have been thinking about the rise of ‘grievance politics’ over the past few years; specifically, why so many people, especially millennials and gen-z, feel so angry and victimized that they have taken to ‘extreme beliefs,’ be it grievance studies, grievance politics, ‘cancel culture,’ or…

Further evidence of the positive role of IQ and option trading success

For years on this blog, I have posited a link a between IQ and options/stock trading success, in that smarter traders tend to be more successful than less intelligent ones. Aggressive out-of-money call options trading, which is the dominant strategy on the hugely popular Reddit…