Month: August 2025

Item #1: Bitcoin continues to fall Recall last week Treasury Secretary Scott Bessent refuted the possibly of the U.S. buying Bitcoin to fund the crypto reserve. This led to an immediate selloff of the price of Bitcoin from $120k to $118k. A lot people assumed the selling would temporary, but it has continued to fall.… Continue reading The daily view 8/21/2025 Bitcoin falls, Terence Tao funding cut, Epstein

Why are so many young people delaying family formation? Rather than some deep social analysis, it can simply be explained that men and women alike enjoy having free time. When viewed through the lens of maximizing one’s free time, it makes more sense. Having enough free time is an essential ingredient for being successful. And… Continue reading Careerism is rational

Has society gotten easier or harder? The usual rebuttal is that society is wealthier now compared to, say, 30 years ago. And this is true if you go by the objective economic data, but at the same time it’s hard for me to think of examples where American society has necessarily gotten easier or feels… Continue reading Why everything has gotten harder

I saw this going viral, “Sunny Days Are Warm: Why LinkedIn Rewards Mediocrity“: I, like many people, find LinkedIn particularly annoying. I like the premise of it, don’t get me wrong, a resume you don’t need to update all that often seems cool. Unfortunately though, its turned into the worst possible version of itself. It’s… Continue reading Most content is mediocre because most people are mediocre

Item #1: Bitcoin continue to lag tech stocks; huge profit with shorting method; Scott Bessent rules out any treasury purchases. I covered this yesterday, but this week has been among the strongest in a long time as BTC continues to lag tech stocks. The divergence has is quite pronounced over the past month, for example… Continue reading The Daily View 8/15/2025: Bitcoin, Math, National Debt, AI Bubble?

Two weeks ago I published “More correct predictions , and the role of IQ and forecasting” , in which I predicted no Bitcoin reserve, in addition to the success of Bitcoin hedging method, by modifying it to short Bitcoin 24-7 instead of only during market hours. Just a few hours ago, this bombshell dropped. After… Continue reading Scott Bessent rules out Bitcoin purchases, CPI low: right again

A couple of days ago I argued that the impact of AI (in the context of LLMs) on the economy will be sanguine. This will come to the possible relief of some and to the disappointment of others. There will be no AGI, takeoff, ramp-up or other hyped-up scenarios in which AI somehow escapes its… Continue reading Investing for AGI/takeoff

In my earlier posts I argue that AI will not lead to meaningful economic change, or even boost productivity much. It will not liberate people from work, or even lessen the workload much overall. My prediction has generally been that AI will make continued, incremental progress at the sort of things it’s already good at,… Continue reading Why AI has not lived up to the hype, and probably never will

Considerable ink has been spilled over the so-called ‘loneliness epidemic’ in recent years, with headlines like “Why have people suddenly stopped hanging out?” It’s often blamed on broad social phenomena or technology (e.g. Covid restrictions, smartphones, political division, and demographic change). But one often-overlooked aspect is the role that individuals themselves play in this. Society… Continue reading The ‘loneliness epidemic’ is also a people problem

The Nasdaq has recovered all its post-Liberation day losses, and then some. The stock market is unfazed by new tariffs or the threat of additional tariffs, such as a “100% tariff on imported chips” (the stock market actually gained on this news): Does this sound familiar? Like the hockey-stick graph of Covid cases shared in… Continue reading Why the Trump tariffs were a nothing-burger