Theme: Incentives

  • You’ve never been wealthy enough to experience the irrelevance of more money, or

    You’ve never been wealthy enough to experience the irrelevance of more money, or public opinion.


    Source date (UTC): 2023-03-01 19:10:28 UTC

    Original post: https://twitter.com/i/web/status/1631009025201524742

    Reply addressees: @rbowman271 @ScottAdamsSays

    Replying to: https://twitter.com/i/web/status/1631001712172433431

  • (mating game) Well, I can see the stats on age, marriage, divorces and childbirt

    (mating game)
    Well, I can see the stats on age, marriage, divorces and childbirths. I hear complaints about the dating and mating market. I see that while hookup culture dominates the market, most marriages still originate from meetings on dating apps. But if the data on promiscuity, age, and childlessness is correct, we are worse off over time than China has been with the one-child policy. I mean, this is a disaster.
    There is some evidence of market failure and market adoption, but if, as usual, it takes a generation to correct, that means we’re going to have a total social, economic, and political collapse before the next generation can reproduce, and even then they’ll be too few in number.
    You can have idealistic notions of equality if you want, but we can’t constantly try to solve this problem through immigration, because we’re continuing to decline in average IQ enough that we’re going to fall into second world ecnoomic competitiveness within a decade or so.
    Turns out promiscuity is a really, really, bad thing.
    (Not that I”m personally against it or anything 🙂 )


    Source date (UTC): 2023-03-01 17:15:41 UTC

    Original post: https://twitter.com/i/web/status/1630980139012980754

  • (capital raises) Just finished an interesting meeting with a new company doing t

    (capital raises)
    Just finished an interesting meeting with a new company doing the rounds. Good idea. Good tech. Good deck. Good person. Pitch didn’t inspire confidence though. So, had me thinking, and reiterating, you just have to pitch to the right people for you and your idea. I’ve closed deals with the first presentation on a biz I didn’t think was an easy sell, and taken a year to raise on what I thought was obvious. I’ve pitched to people so competent that It’s a privilege to share a room with them and just learning from how they ask questions. I’ve pitched to the ‘underlings’ on their way up. I’ve done acquisitions from investors who weren’t very bright – and were harming the business they owned. I’ve even had a firm tell me they would invest but wouldn’t like working on a board with me. (They had conflicting ambitions. I felt the ‘dishonesty’. I agreed.). Most of the time you need to give an investor candidate what they need. And mostly what they need is to trust you’re competent – as a team. And that isn’t always the same thing. In other words, it’s just sales, and in any sales gig you need to understand your customer, and give them what they need to decide. Mostly I try to explain that these people NEED to invest money. Most of the time you have to give them sufficient understanding to convince their partners that you check all the boxes so that they CAN invest in or lend to you.


    Source date (UTC): 2023-03-01 17:05:49 UTC

    Original post: https://twitter.com/i/web/status/1630977653921415169

  • It’s not that they’re wrong, it’s that they can’t absorb risk

    It’s not that they’re wrong, it’s that they can’t absorb risk.


    Source date (UTC): 2023-03-01 16:29:06 UTC

    Original post: https://twitter.com/i/web/status/1630968415362875401

    Reply addressees: @rbowman271 @ScottAdamsSays

    Replying to: https://twitter.com/i/web/status/1630966205132488705

  • Correct. Economics of association are economics of trust are economics of margin

    Correct. Economics of association are economics of trust are economics of marginal indifference.


    Source date (UTC): 2023-03-01 04:29:16 UTC

    Original post: https://twitter.com/i/web/status/1630787263280947200

    Reply addressees: @IdidaRod @JacksonPackson1

    Replying to: https://twitter.com/i/web/status/1630786542246428674

  • GREAT DISCUSSION OF THE WOKE INSTITUTIONAL PROBLEM (CANCER) Most of this stuff i

    GREAT DISCUSSION OF THE WOKE INSTITUTIONAL PROBLEM (CANCER)
    Most of this stuff is either intellectual or moral. This is rock solid discussion of incentives and results. Good material for people who have brains. 😉
    https://www.youtube.com/watch?v=N3t5cpGZwik


    Source date (UTC): 2023-03-01 03:22:14 UTC

    Original post: https://twitter.com/i/web/status/1630770391739244544

  • YOUNG MEN AND WEALTH There are a lot of improve-yourself males promoting stoic m

    YOUNG MEN AND WEALTH
    There are a lot of improve-yourself males promoting stoic masculinity, part of it mental, part of it physical, and part of it posturing. But I’d like you to consider following @Max_Stoic and @Stoic_Media because he’s wrapping financial advice that you SHOULD follow, and he’s someone you CAN trust with your money, in proper masculine, stoic, content that is about as morally loaded with goodness as you can get. Trust is in scarce supply these days. And it’s a lot easier to trust someone that’s on your side of the aisle so to speak.

    (No, my only motivation is moral: to promote people who I think are the best there is across the spectrum, and I follow this guy every single day. Partly, because he’s the real thing. No BS. No posturing. Young Marcus Aurelius in financial form.)

    Cheers


    Source date (UTC): 2023-02-28 20:01:16 UTC

    Original post: https://twitter.com/i/web/status/1630659420685213713

  • (No. You’re not the only one. But then, there is a difference between recognizin

    (No. You’re not the only one. But then, there is a difference between recognizing incremental progress, (especially progress that will destroy Google’s income stream), and recognizing we’ve achieved what is non-clown world ‘ai’.)


    Source date (UTC): 2023-02-28 19:05:04 UTC

    Original post: https://twitter.com/i/web/status/1630645275315322902

    Reply addressees: @JarradDMartinez

    Replying to: https://twitter.com/i/web/status/1630640765666770961

  • He’s got plenty of time for activism And he has FU money so it doesn’t matter. A

    He’s got plenty of time for activism
    And he has FU money so it doesn’t matter.
    And, FWIW, there is zero chance that demand won’t recover for his work – it’ll just take a bit.


    Source date (UTC): 2023-02-28 07:34:53 UTC

    Original post: https://twitter.com/i/web/status/1630471587030876160

    Reply addressees: @gothicprophet @ScottAdamsSays

    Replying to: https://twitter.com/i/web/status/1630470142931992577

  • CURT: Q:”WHAT DOES THE MEDIA GAIN AND WHY ARE THEY ENCOURAGING DIVISION?” Well,

    CURT: Q:”WHAT DOES THE MEDIA GAIN AND WHY ARE THEY ENCOURAGING DIVISION?”

    Well, this is a great opportunity to explain. 😉

    A well known phenomenon: as the scarcity of attention increases, the utility of provoking moral outrage increases, because humans demonstrate altruistic punishment, which is the one behavior that will cause us high enough activation that we will pay otherwise irrational costs to punish those that morally offend us.

    So given that sex differences in perception, cognition, valuation, and activation are the origin of all human differences, and given that these sex differences are short-term, in-time, empathizing vs long-term, over time, systematizing, these sex differences are eternally in competition.

    Few of us are purely male or female in sexual biases, but we tend to be stereotypes (there is a 20-30% gradual overlap), the feminine (admixture) favors the caretaking and equality bias to an extreme while the masculine (admixture) favors reciprocity, proportionality, loyalty, hierarchy, and purity equally, that means there is ALWAYS a subject matter on EVERY issue that can be framed in a way that violates the moral intuition of both sides causing moral outrage, and willingness to engage in altruistic (costly) punishment (aggression, conflict, warfare) against the opposite side of the spectrum.

    In other words, (a) they do it for money (b) reporting used to require we practice testimony (c) in the sixties the activist generation took over journalism and the academy and converted from testimony to activism. (d) this combination. of converting to activism, increase in competition, decline in revenues, and panic for eyeballs, has combined to serve the marxist-neoMarxist-pomo-anti-family feminist-woke sequence of ‘religions’ and gradually undermine civil society, and fulfill the left’s ambitions of ‘marching through and destroying the western institutions of cultural production’, just as they stated they world.

    Conservatives on the other hand, especially in the USA, are largely anti-intellectual, and treat religion and constitution and the military as sacred institutions (it’s called european Trifuctionalism. Google it. It’s 5000 years old. It’s habit. It’s not going away very easily.). So because conservatism continues this ancient cultural tradition of maximizing individual responsibility and agency (at high personal cost) in order to create high-trust families that can produce high-trust commons (that other civilizations can’t) conservatives have ‘nothing to sell’ and only put up a resistance movement to the left who is selling reduction of those demands for individual responsibility.

    So that’s why there is a conflict, and that’s why it’s unresolvable, and that’s why those of us who study these things are certain we end in civil war unless we can find a way to ‘stop the hate’ and find a solution.

    I hope that helps.
    Cheers
    Curt


    Source date (UTC): 2023-02-28 06:45:38 UTC

    Original post: https://twitter.com/i/web/status/1630459192388493314

    Replying to: https://twitter.com/i/web/status/1630455188980121601