Kevin Williamson’s Elitism

The White-Minstrel Show Kevin Williamson’s message of self-sufficiency is mostly correct, although he belabors his dislike of Trump to the point that it distracts from anything useful he has to say. In invoking Daniel Patrick Moynihan and his report The Negro Family: The Case For…

HBD & Investing, Part 3 (IQ and the concentration of wealth)

A question that I didn’t address in part 1 is, why is IQ so important for investing? What is the mechanism that explains why high-IQ stocks, assets, industries, and countries do so well compared to average & low-IQ ones. The answer has to do with…

Just own the damn robots

This article is going viral: Just own the damn robots In Kurt Vonnegut’s 1952 novel, Player Piano, we are introduced to a future in which only engineers and managers have gainful employment and meaningful lives. If you’re not one of the engineers and managers, then…

Trump is still not in power

Trump still not in power This does not come as a surprise, and I have long maintained that the only way for Trump to gain more power is if he’s put in a situation where he can rise to the occasion; for example, if there…