Facebook is in the news again because of controversy regarding whistleblower accusations that Facebook management suppressed information regarding the mental health effects of using Facebook. My prediction-like similar media controversy in 2018 in which I was correct that Facebook would recover and the stock would go higher–is that the whole thing will blow over. Nothing… Continue reading Skepticism about the link between envy and social media
Month: October 2021
Economics is not that hard to understand or predict
I saw this article going viral How does the economy work? A new Fed paper suggests nobody really knows It’s not that hard to understand: an economy is a set of inputs: government spending, personal consumption, innovation/technology, private investment, etc. and then based on these inputs the economy either grows or shrinks, and then this… Continue reading Economics is not that hard to understand or predict
Money Does Not Buy Popularity, Power, or Influence
Why Is It So Hard to Be Rational? Often, I asked myself, How would Greg think? I adopted his habit of tracking what I knew and how well I knew it, so that I could separate my well-founded opinions from my provisional views. Bad investors, Greg told me, often had flat, loosely drawn maps of… Continue reading Money Does Not Buy Popularity, Power, or Influence