Defending Rational Markets

Liberals like to assume markets and individuals are irrational, in agreement with their denial of individual cognitive exceptionalism. After all, if everyone is an irrational blank slate, how can anyone be intrinsically better than anyone else? It’s then not surprising to see Michael Lewis –…

The Tyranny of the Bookish

Saw this re-tweeted by the great Charles Murray: Controlling for confounds, kids' test scores are unrelated to time in school, studying, TV. But reading = big deal http://t.co/cHHqYVUAXr — SteveStewartWilliams (@SteveStuWill) May 13, 2015 Perhaps it’s reading books, not grades, parenting, or TV, that is…

The Great Decoupling

From AV: The Great Decoupling Ultimately, I think this whole debate on wages, STEM, wealth inequality, and automation boils down to IQ. The decoupling is also obvious when comparing advanced degree employment and income versus those with only high school or ‘some college’. It’s also…

Marc Andreessen and Twitter

Marc Andreessen, who is perhaps the most important VC and forecaster right now, like more soft-spoken Peter Thiel, is correct about many things such as Web 2.0 not being a bubble and being skeptical of democracy. The later point agrees with the NRX (Neo Reaction)…

Bernanke is Right

He’s right: Bernanke sees no risk of hard landing in China, bullish on U.S. economy Not only does Bernanke deserve a standing ovation for saving the day in 2008 (along with Paulson and Bush), he’s right about the US economy still being fundamentally sound and…

Telling Fairy Tales To Spare Our Feelings

From Quora How can I be as great as Bill Gates, Steve Jobs, Elon Musk, and Richard Branson? Why can’t we have an honest debate about success and the role of IQ? Why do we need to lie to ourselves and then spread these lies…

The Canonization of Dr. Nash

Yesterday, the Nobel Prize winning mathematician and economist John Nash Jr. and his wife died in a taxi accident. From the NY Times obituary: Receiving his bachelor’s and master’s degrees at Carnegie, he arrived at Princeton in 1948, a time of great expectations, when American…

Defending the EMH

Continuing on my first post about the efficient market hypothesis (EMH), I believe in a semi-strong version of the hypothesis, which allows for some opportunities to make profit through a process called fundamental drift. It would seem that the EMH’s biggest opponent are from the…

Feeling Left Out?

The feeling of being ‘left out’ is something that one normally assumes applies to children and teens – you outgrow it as an adult, but the question, Do you feel like you’re missing out?, that I posed on Hacker Network apparently touched a nerve, as…

Uncomfortable Truths

IMHO, one of the most pressing problems in society is this inviolable, pervasive discomfort surrounding the topic of IQ, in that educators, parents, and policy makers can’t come to grip with the reality that individuals below a certain threshold of intelligence are either less valuable…