Category: Uncategorized

Interesting Richard Hanania article, How to Be an Intellectual and Writing for the Public. Its not that surprising his blog is a major success despite some of his views being contradictory or at odds with some of his more partisan readers. Intentionally or not, his views optimize for traffic and virality by being shared by… Continue reading Socially Optimized Positions, Authenticity, and Weirdness

Everyone is talking about Chat GPT-4, which is the flagship product of Open AI, founded by Sam Altman and others. So what does the future hold for Open AI from an investing perspective? Buy or sell? Deal or no deal? This topic has been debated to death online, but I will throw my hat into… Continue reading Why Open AI Will Not Worth a Trillion Dollars (the bearish case)

Overall, the 1st quarter of 2023 has been among the strongest: Stocks rally to cap a winning month, quarter for Wall Street. This is why I rolled over my 2022 forecasts. I knew it would recover. It always does. You would have to go as far back to 2002-2001 to have two consecutive negative years… Continue reading 2023 1st quarter investing update: a hugely strong start

From Richard Hanania SCOTUS Must Go for the Heart of the Race State: If this is the end result of SFFA, it will be the latest in a long line of Supreme Court decisions that sought to push back race- and gender-based governance while only making it stronger. In order to get around this problem,… Continue reading Let Harvard (and other colleges) Discriminate Based on Race

From the WSJ, Home Prices Fell in February for First Time in 11 Years. It’s waaayyy too early to celebrate. Since 2010, homes prices are way up nationally. Such as the Bay Area: This WSJ story seems like data mining at its finest, and I don’t see how this is so newsworthy. Unless prices never… Continue reading The daily view 3/30/2023: Home prices fall, UK inflation, GOP, and the Metaverse/META

This excellent chart by Richard Hanania also explains why the student loan debt crisis is so intractable: Your typical worker in Japan is smarter and probably harder working than those in any other country. But they earn less than other nations, because they have an inflexible labor market. Picking “ job security” over dynamism, and… Continue reading Moloch and college tuition: why broken systems endure

I am getting kinda burned out of all the coverage of GPT-4 (and AI in general). I have never seen a story or topic dominate discussion and headlines as thoroughly and as long as with GPT. Maybe Jan 6th or the overturn of Roe v. Wade, but that was just a few days. This has… Continue reading The daily view: Being governor is not at all like being president

First there was Covid. There was the suspense of the possibility of the world coming to an end, and then the sigh of relief when it didn’t. And then the euphoria and exhilaration of the stock market, tech/start-up, and crypto surge that followed. The 2021 crypto surge was like a proletariat revolution of the masses… Continue reading The fall of crypto, and the permanent ascent of Substack and the ‘wordcels’

Eliezer Yudkowsky was recently on the podcast “Bankless Shows”, in which as the tile conveys in no uncertain terms, he argues that humanity is going to perish due to AI. Bankless is crypto podcast. It should change its name to ‘penniless show’ or ‘moneyless show’, because that is the likely outcome of anyone who invests… Continue reading Eliezer Yudkowsky: We’re All Gonna Die

It has been a few weeks since I updated about my BTC method. Despite BTC having recovered from $20k to $27k, it couldn’t be going better. I shorted BTC at $28.3k before the market open at around 6:00 AM PST. This was on the day of the FOMC meeting, which was yesterday. I also went… Continue reading Market Manipulation, Night Effects, and Huge Day for Method