Death of a Client, Analysis

I have been thinking the post “Death of a Client” and why it went so viral. The common assumption is that smart people are persuaded by ‘facts and data’ whereas less intelligent people are persuaded by rhetoric, appeals to emotion, sentimentalism, etc. This reductionist categorization/dichotomy fails to agree with reality, in that among the intellectual-web… Continue reading Death of a Client, Analysis

MicroStrategy’s Bad Strategy

In 2020, business intelligence firm MicroStrategy (ticker: MSTR), for reasons that are not really understood or clear, made a major pivot to acquiring Bitcoin. MicroStrategy CEO Michael Saylor, who expects a single Bitcoin to be worth millions, initiated the purchases, with MicroStrategy’s total holdings as of March 2021 standing at 90,859 Bitcoin funded with $1.7… Continue reading MicroStrategy’s Bad Strategy

On the ‘Grand Unified Theory’ of Social-Justice Liberalism

In theoretical and high-energy physics, a major unsolved problem is to devise a theory or formula to unify gravity with the other fundamental forces–the so-called ‘theory of everything’ that would explain gravity at sub-atomic distances and at the earliest stages of the universe. String theory has been the most promising approach to finding such a… Continue reading On the ‘Grand Unified Theory’ of Social-Justice Liberalism

Seth Godin Does Not Know Economics

Seth Godin’s popularity has always been something of an enigma. It’s like he has no talent or any particularly insightful observations yet is successful anyway. His success is evidence that being early , persistent, and having connections, is a substitute for talent or skill. Another example Zeynep Tüfekçi, who is widely read despite all of… Continue reading Seth Godin Does Not Know Economics

On the Erosion of Confidence in Experts

Everything is upside-down. The top-down process is becoming bottom-up in terms of the fragmentation of information consumption, and the loss of confidence by the public in experts and policy makers. People increasingly trust and defer to the likes or Joe Rogan, Lex Fridman, Tim Dillon, and others in the podcast/stand-up ‘clique’, who have over the… Continue reading On the Erosion of Confidence in Experts

On The Experience of Being Poor-ish, For People Who Aren’t , Analysis

The article On The Experience of Being Poor-ish, For People Who Aren’t went hugely viral on Hacker News, getting hundreds of comments and votes.  Why did it go so viral? Because the experience of being poor, and the sociological and economic causes and implications of poverty, cross political nd ideological divides. Anyone and everyone can… Continue reading On The Experience of Being Poor-ish, For People Who Aren’t , Analysis

Scott’s GOP Solution

The post A Modest Proposal For Republicans: Use The Word “Class”, by Scott Alexander, about how the GOP can reclaim its identity by focusing on class, went viral. This is an excellent post that raises a lot of of good points, although I think , like most political proposals aimed at the right, it puts… Continue reading Scott’s GOP Solution

Why no one is making money with cryptocurrency

With the exception of exchanges, scammers, YouTube channels and news sites full of filler and ads, and whales like Michael Saylor, it would seem hardly anyone is making money with cryptocurrency. Despite Bitcoin going from $10k to $40k in less than two months, one is still hard-pressed to find many success stories or evidence of… Continue reading Why no one is making money with cryptocurrency

Don’t blame low interest rates for post-Covid tech speculative boom

A common narrative is that forever-low interest rates are to blame for the post-Covid speculative frenzy, such as in Tesla, Uber, crypto currency, SPACS, meme stocks such as GameStop, and so on. Josh Brown posits such a link between low interest rates and speculation, writing: It won’t all work if rates keep backing up. Look… Continue reading Don’t blame low interest rates for post-Covid tech speculative boom