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This is proper Xi Jinping Thought. Good job comrade.

I am about to go do some Can't recommend kneesovertoes guy enough. I thought his name was stupid and never bothered checking him out. Figured he was some internet gimmick. One listen and I have changed things up quite a bit. I have even done a good amount of conditioning with a sled and...

Nate Silver is the king of quantitative bullshit. A journalist who sells quantitative bullshit to suckers. The king of "if you want to make things more accurate just add a decimal point". A 54% chance of anything that happens once with a binary outcome is basically what your dog would handicap...

The golden age of passive index investing is totally dead. The index is going to give poor returns for a long time and the process that made stock picking stupid the last decade is now going in the opposite direction. I am less concerned about the depth of the peak to trough drawdown than...

I do wonder at this point if it is massively underestimated that the existence of crypto causes the Fed to act less shitty going forward and that ultimately is the real value of crypto. The standard crypto super bull narrative is that the Fed is going to operate exactly as it would have...

Ultimately, I am pretty sure this is mostly demographics and caused by aging baby boomers https://fred.stlouisfed.org/series/CIVPART The trend was happening well before Covid and would have to think that is mostly baby boomers retiring. There aren't enough restaurant and hotel workers because...

Totally agree but there hasn't been much to worry about if you follow Fed Watch probabilities and ignore the nonsense financial press. I suspect talking up a Fed pivot is good for clicks and the financial media. That narrative is basically over and we will have to wait for the next financial...

This article is laughable to me because the person obviously has no clue what AWS even is. A non-technical person that has never logged into AWS can't understand how huge it is. Basically, a complete violation of Munger and Buffet's way of thinking of investing in your circle of competence...

For me Taleb's body of work as a whole including interviews, his MOOCs, Statistical Consequences of Fat Tails, basically everything but his Twitter taken as a whole. Damodaran's body of work too and especially Dark Side of Valuation and his youtube channel. I think he does a wonderful job of...

Taleb's Turkey chart is always a good reminder to review annually in November Daily Copper/HG is the most interesting chart of the moment to me right now. Don't even have to bother drawing the lines we are consolidating so orderly. I am looking to see if we break to the upside because of...

You have to be insane to buy physical silver right now. Apmex bar is $27.31. Per the website "As low as $7.29 per bar over spot". Spot is $19.71 right now. How can you possibly expect to make any money with that spread? SLV at $18.13 seems like a no brainer even with the expense ratio...

It is just so disturbing to see these Jacobin assholes cry and bitch over someone wanting to create a platform for legit dialog. There is a large segment of people who have lost the entire idea that implicit in the concept of open dialog is the reality you might be utterly wrong in what you...

The real risk in the short and mid term is business holding off on more cloud computing investment. They are basically a money losing operation that is offset by a massively profitable cloud computing business. From 3rd quarter earnings: Operating income decreased to $2.5 billion in the third...

Moreplatesmoredates is like a meathead version of TMZ. Just complete shit and nonsense but popular. No irony that it is bullshit youtube channels like Moreplatesmoredates that would make kids want to try Tren at 10.

This is the new normal but many are still living in a dream world that the everything bubble is just on pause as opposed to having burst. As if the Fed only hikes 50 bps in December and inflation is then solved. 500-525 for March has a 40% implied probability on Fed funds futures, up from 30%...

I mean you inevitably end up sampling from tick data and using some kind of window for analysis. The difference is if you store tick data you can create any window you want. Minute bars though with 1200+ symbols is tractable for me while 1200 time series of ticks is just intractable for me...

This is complete nonsense and statistical abuse. Even if you were to generate all the candles possible on all instruments and all time frames for the last 100 years, the statistics would be meaningless. The law of large numbers doesn't apply in time if the process is non-ergodic. Those links...

I have spent a ton of time in Canada. It has been this way since GW Bush. Some have an American inferiority complex that gets relief by being obsessed with the shit show of American politics while their own government completely rots. Justin Trudeau will still be the prime minister in 2040...

This is totally delusional. I would highly recommend any book by Bill Gates' favorite energy expert Vaclav Smil, particularly "How the World Really Works" that is specifically aimed at countering the utter nonsense that we are going to be independent of fossil fuels any time soon. You are just...

It is funny that people are wishing Meta would be more like Apple right now even though Apple was practically a dead company with $2 dollar stock after the dot com crash making over priced computers that seemed to have no future at the time. Who knows what the bottom is here though as they are...