Libertarians and an-caps unanimously believe the government is always worse than the private sector, but here’s an example where this is reversed: IMHO, punishment is worse for civil cases under a hypothetical libertarian form of government, because the damages can be set arbitrarily high, and the debt collection renewed in perpetuity. Think frivolous lawsuits, which… Continue reading What libertarians can learn from the fed. government
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Digital slueths expose ‘fat acceptance’ hypocrisy
To kick off 2016, another example of SJWs losing the narrative. An Instagram selfie posted by Tess Holiday, who is a ‘plus size model’ and SWJ proponent of ‘fat acceptance’, is going viral on Twitter now – but not because of the selfie itself, which is otherwise unremarkable, but because of a handicap placard captured… Continue reading Digital slueths expose ‘fat acceptance’ hypocrisy
Fairy Tales
The Irresistible Psychology of Fairy Tales The ‘fairy tale’ of the pseudo intellectual kind is also booming, particularly in the social sciences. That’s why those pop psychology books are so popular, by telling the masses what they want to believe. Taleb: the fairy tale that buying out-of-money puts is a profitable strategy, that quantitative finance… Continue reading Fairy Tales
Theranos, Part 2
part 1 From iSteve (STEVE SAILER) Theranos: The Elizabeth Holmes Reality Distortion Field Another thing people have to realize about Theranos and other high-valued startups, these companies are funded by wealthy investors who are aware of the risks. They don’t need pundits lecturing them about the inherent risks of investing in hot startups. Everyone wants… Continue reading Theranos, Part 2
Giving Theranos the benefit of the doubt
From Social Matter Desperately Seeking Susan Jobs My opinion is somewhat different. Keep in mind, the women SJWs tend to promote have zero redeeming qualities – think Sandra Fluke, Sandra Bland, Mattress Girl. Elizabeth Holmes, along with her accomplices, created this company that seems successful (it’s herpes simplex 1 virus test received FDA clearance), even… Continue reading Giving Theranos the benefit of the doubt
The Big Short: Market Genius or Luck?
There are a lot of finance articles lately due to the hype over the film adaptation of Michael Lewis’ book The Big Short. Interview with Michael Burry, Real-Life Market Genius From The Big Short Is he a market genius or did he just get lucky? There is evidence of genius, in that between 2000-2008 Michael… Continue reading The Big Short: Market Genius or Luck?
High Frequency Nonsense
One Way to Unrig Stock Trading (nytimes.com) The alleged ‘dangers’ of algorithmic trading, including high frequency trading, is mostly hype by the doom and gloom liberal media. People and institutions lose money in the market because of bad timing and bad money management, not because of automated trading. Nowadays, most stocks, ETFs, and futures contracts… Continue reading High Frequency Nonsense
The Bailouts Benefited Everyone, Not Just Bankers
From NYT: Bernie Sanders: To Rein In Wall Street, Fix the Fed WALL STREET is still out of control. Seven years ago, the Federal Reserve and the Treasury Department bailed out the largest financial institutions in this country because they were considered too big to fail. But almost every one is bigger today than it… Continue reading The Bailouts Benefited Everyone, Not Just Bankers
Bitcoin: It Ain’t Going Away
Awhile back I made a post recommending bitcoin at $290; a month later it peaked at $550, fell to $330, and is now at $450 again: I don’t worry about the day-to-day moves, because I know Bitcoin is here to stay. Its not going away, nor is it some some ‘flash in the pan’ but… Continue reading Bitcoin: It Ain’t Going Away
Wealth Inequality Not a Big Concern
‘Capitalism, Tradition and Traditionalism’ – An Overview . The Reactionary sees no problem with wealth inequality, which reflects differences of aptitude, however the people at large will be prone to complaints of wealth inequality if their entire world is centered around capital, that which they may be unsuccessful at accumulating. Marx himself said that communism… Continue reading Wealth Inequality Not a Big Concern