The left, including affirmative action’s own astrophysicist Neil deGrasse Tyson, dismisses philosophy as useless. In my post of most and least respected majors, I list philosophy as being useful, along with STEM. On the surface, philosophy may seem useless, or at least devoid of any practical applications. You cannot build a bridge with philosophy, nor… Continue reading Neil deGrasse Tyson and Philosophy

IQ is more important than ever, says experts. It seems like STEM and the people who major in it are more important than everyone or anything else. It’s like, ‘You are an engineer? You know physics and can code? Let me kiss your ass.’ I’m not being sarcastic. Now couldn’t be a better time to… Continue reading Most and Least Respected Majors

As Facebook stock makes another record high (in agreement with my predictions) Facebook is now a $200 billion company, on its way to being worth a trillion by the end of the decade. The left, including the Robert Shiller, sees everything as a bubble or crisis waiting to happen, such as comparing Facebook to Myspace,… Continue reading Facebook Stock is Going Higher

As we’ve written again and again, optimism and HBD should be able to coexist. As Pinker, Matt Ridley, and George Gilder have shown, believing in biological determinism in one form or another doesn’t mean you have to be a doom and gloomer. Humans evolved to be optimists because we have no choice. Humans, unlike any… Continue reading Optimism, HBD, and the American Dream

With the exception of the midterms riffraff, we’re still in a slow news zone, especially that Ebola is fading (so much for those bogus CDC predictions of ‘millions dead’ or the ‘we are doomed’ rhetoric from talk radio and liberal media). With the S&P 500 up 70 points in 3 days, stocks are back in… Continue reading The Daily View : A Nation or Crybabies and Why Airlines are a Good Investment

Marc Andreessen is right: I think the American system is incredibly well developed. I think the founding fathers were geniuses. I think the founding fathers had lived under effective ­government, and it was called King George, and they did not like it. I mean, they knew what an autocratic government was like. And so they… Continue reading Anti-Democracy, Part 2

Poor kids who do everything right don’t do better than rich kids who do everything wrong How would you explain then the rise of all these hugely successful web 2.0 companies and their employees, few if any come from wealthy families? I hate to be the bearer of good news, but the meritocracy is alive… Continue reading Optimal Allocation of Public Resources in a Meritocracy

I was wrong about Ebola…3 people in America have been infected, contrary to my prediction that there would be no further cases besides Eric Duncan. So now there is the possibility things will get worse – more infected individuals, fear and panic that will spread faster than the virus itself. The solution for investors is… Continue reading State of the Market and Playing Ebola

Liberal celebrations of falling oil and gas prices will be short lived, as history has shown that for the past five years every violent sell-off in oil is met with an equally intense surge. In the last two instances crude oil fell into the 80’s, the price rebounded vigorously: Why are oil and gasoline prices… Continue reading Crude Oil Sell-off Only Temporary