V good! I haven’t made it very far thru their list of great books in a cool decade of trying…
The elusive one-handed economist… JPow tightens 25 bps with the left, Eases another $100B with the right.
Cringe but still so pure: read Shantaram. Buy the cheapest ticket on 8+ hour train to Mumbai. Go to an ex pat bar. Buy someone a drink. Clear your schedule for a week.
Kamodo Islands. Do a cheap three night dive boat. Avoid bad weather.
Dharamakot. Stay for a long time. Be careful with the hash. Teach English to Tibetten refugees; few things in life harder than a three month walk from Tibet to Nepal.
Kushinagar. Ask around at monasteries; one will let you stay. Befriend a convenience store owner; ask him to show you the country.
Andaman Islands. Don’t take the ferry. Go to the backpacker island. Find the beach on the far side of the island away from the hostels; walk north!
Absolutely. The Cramer business model isn’t built on being correct; it’s built on staying in the cultural milieu! Reverse Cramer ETF is good for business!
Unbelievably multidimensional But, one key one, Interest rate expectations dropped BIG yesterday (e.g. Dec 2023 fed futures dropped ~70 bps). Expectation of lower interest rate environment -> investors have to search for yield -> investors buy risk assets.
(Other goods ones by him: WWI Germany — so interesting how far ahead German army was WWII Japan — incredible the shared identity of culture and how Battle of Pacific came down to a few moments Among many others!)
Not productive but gave me gratitude for the present Wrath of the Kahns by Dan Carlin. History is dark AF.
If only one had access to a real time measure of everyone’s likelihood to withdraw deposits tomorrow…
“Why is this AI being so mean to us?” Um, who do you think it learned it from?!
Tokenterminal.com looking best in class for onchain valuation metrics.
The OG: Denationalization of Money by Hayek. Numerous ideas in crypto were already there. https://mises.org/library/denationalisation-money-argument-refined
How do LLMs incentivize users to give feedback on answer quality? Offer fee? But then just max number of feedbacks. Offer token for ~shared rev? Incentivize credible feedback.
So Gary and his cronies can steal $30MM from Kraken under the guise of “protecting the public”, but Was anyone actually misled about an investment product? Seems more like: “you are doing business without our permission.”
Preach. Side pet dream: own small local farm managed by autonomous drones that delivers food daily.
They pinged me too. EVPs being told to drum up Q4 rev? I refused to give google $. Proton Drive is reasonable option!