Stocks stage major recovery, with the S&P 500 and Nasdaq up a record eight session in a row. What a perfect V-shaped recovery for the Nasdaq as shown below. You cannot ask for a more symmetrical recovery, exactly as I said would happen 2 weeks ago, having bought the dips like on Meta and SVIX… Continue reading Big Tech and the future: A mini-manifesto.
I’m sure many have seen the below barchart in the context of debate about IQ vs success, as evidence of how high-IQ does not matter that much for career success or income given the considerable IQ overlap between high-paying and low-paying professions: I’ve seen this posted many times over the years on blogs, Quora, and… Continue reading Old studies about income/wealth and job success vs. IQ are unconvincing
Item #1: Taleb is fanning the flames of crisis again. He wants another World War or a nuclear war so he can say ‘I told so you so’ for having predicted a black swan, or something like that. The fundamental difference today between the left and right is the latter is on the side of… Continue reading The daily view 11/6/2023 Taleb, Republican Aristocracy, Wokeness, and Philosophy
Item #1: Bitcoin is lagging tech again. As shown below, QQQ, in blue, is up an astonishing 4%–one of its biggest weeks ever for the year–, while Bitcoin is flat: So I’m back to being always right again. I was right about tech recovering, having added to the dip on Meta and SVIX last week.… Continue reading The daily view 11/3/2023: Stocks surge and Bitcoin falls, IQ circularity, Ozempic, South Korea schools
Growth Is Up. So What’s Up With the Economy? I don’t think we should minimize that strength. America’s economic performance since the end of the pandemic has substantially outpaced the rest of the developed world and has also very substantially bested the performance of the Chinese economy. Inflation is still elevated, but is well below… Continue reading Why Americans are incredulous about the strong economy