Today’s smartest generation of atheists don’t cite passages from the Bible. They cite each other’s logical fallacies, from the ‘Bible’ of Logical Fallacies. The attention brought to Logical Fallacies has become a ‘religion’ unto itself. You can win online arguments by calling out your opponent’s logical fallacy, without having to actually argue anything. It’s like… Continue reading Obsession With Logical Fallacies
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Misconceptions About Algorithmic/High Frequency Trading
TLDR version: Algorithmic trading doesn’t cause market crashes, fear does. The left keeps spreading the myth that high frequency trading/algorithmic trading is responsible for crashes when in fact there are many glaring holes in the anti-HFT argument. If the market were rigged, as the left insists it is, and you knew how it was rigged,… Continue reading Misconceptions About Algorithmic/High Frequency Trading
IQ Anxieties
There is a debate on Scott’s blog about the ‘Growth Mindset’, that boils down to nature vs. nurture. Noah posts a rebuttal, accusing Scott of ‘derp’. As long as IQ plays an increasingly important role in our increasingly competitive, winner-take-all economy, this issue will remain controversial. IQ is our new caste system, and these feel-good… Continue reading IQ Anxieties
College Degree – A Necessary Evil
From Return of Kings: The True Return On Investment Of A College Education A college degree in a high-paying field, such as STEM, finance or economics, can have a very good ROI. Contrary to the $100k-200k figures thrown around by the anti-college crowd, the average debt per student is around $30k, or about the same… Continue reading College Degree – A Necessary Evil
Sornette vs. Taleb Debate
Sornette vs. Taleb Diametrically Opposite Approaches to Risk & Predictability. 10 minutes into the talk I vaguely have any idea what Sornette is talking about, but his June 2013 TED talk (embedded below) is easier to understand. At 20 minutes into the debate, he mentions how the market can be analyzed as a physical system,… Continue reading Sornette vs. Taleb Debate
Millennials Rebuking Liberalism
I’ve argued time and time again that milllenials are possibly unfairly stereotyped as ‘always’ being liberal when in fact there is evidence that on economic issues they are perhaps more conservative/libertarian than often assumed. After the failed OWS protests, perhaps millenials are realizing it’s more productive to aspire to be like the rich than to… Continue reading Millennials Rebuking Liberalism
Why Women Earn Less Than Men
Dumb girl can’t even get one of the easiest jobs in the world right
The Big Will Get Bigger
The left wants web 2.0 to burst, longing for the tech crash that will never come. Crisis-seeking and IQ denialism is how the cognitively average reconcile their mediocrity in a society and economy where intellectual accomplishments and wealth are more important than ever. Small/medium-cap stock picking is dead. Now it’s just large cap tech and… Continue reading The Big Will Get Bigger
Billion Dollar Startup Club: Separating Winners From The Losers
The Billion Dollar Startup Club It’s pretty easy to predict which companies will succeed and which will fail. For example, it was obvious FAB.com – a startup once valued at a billion dollars in early 2013, only to recently liquidated for $15 million in a fire sale – would fail. They sold physical goods, which… Continue reading Billion Dollar Startup Club: Separating Winners From The Losers
Why Education is Not Curing Poverty
From Vox Education won’t cure poverty, in one chart It boils down to IQ, in that less intelligent people typically earn less. Second, the increasingly competitive economy has made IQ more important, magnifying the socioeconomic ramifications of individual cognitive differences. Intelligence tests indirectly measure situational awareness, learning speed, and ability to make inferences between disparate,… Continue reading Why Education is Not Curing Poverty