james22

Brooks is, of course, horrified at Trump and his supporters, whom he finds childish, thuggish and contemptuous of the things that David Brooks likes about today’s America. It’s clear that he’d like a social/political revolution that was more refined, better-mannered, more focused on the Constitution and, well, more bourgeois as opposed to in-your-face and working class. The thing is, we had that movement. It was the Tea Party movement. When politeness and orderliness are met with contempt and betrayal, do not be surprised if the response is something less polite, and less orderly. https://www.usatoday.com/story/opinion/2016/03/20/donald-trump-political-establishment-elites-tea-party-bourgeois-working-class-column/82047484/ I still hear the Tea Party invoked by liberal friends as an example of extremism, despite how calm and collected they were. So few of them even knew that it started in Chicago, on the trading floor, with people upset that they were forced to subsidize failure. It was hopeful and enthusiastic, open to anyone – and the Left treated it like the KKK merged with radical anarchists. The Republicans took their support and generally did nothing. So, people tried something different. Romney was the ultimate nice-guy candidate. Unimpeachable ethics, a proven record of success, and moderate credentials. The Left chewed him up and spat him out. If Abe Lincoln or George Washington rose from the grave and ran for president, they would get the same treatment. Thus, after you send in friendly folks with SUV and pickups, then a philanthropist in a limo, might as well send in a tank. Trump refuses to just take it like a proper Republican; he’s not a model of civility and noble citizenship, he’s a brawler. This is why Tea Party conservatives are flocking to his banner. https://ricochet.com/683441/quote-of-the-day-the-tea-party-movement/

If BTC is a new asset class, it cannot also be cash.

This is actually really interesting.

It's not unsophisticated or naive to side with the Western democracy here, guys.

Yeesh.

Yeesh.

https://apnews.com/article/army-air-force-recruiting-shortfall-immigrants-citizenship-2cd690352210606945010d1800c5bdbe

VDE 15.6% YTD I'll take it.

There is a great deal of ruin in a nation, sure, but a "great stagnation" seems possible.

Small Value, International

The first ~8min are on-topic: We're on the confluence of two huge forces that are butting up against each other. The free market which is increasingly deflationary opposing another one that is a controlled market that is increasingly inflationary to protect the existing system from failing.

Ha, no I agree with it all (and ValueArb, Eldad, vinod1, and rohitc99's posts as well).

Agree.

Exactly. When your strength is finding patterns, you find them everywhere.

Michael Saylor

Thanks. Ordered.

I've no problem swinging at a fat pitch. I went from 0 to 1100 MSTR shares since the ETF's approval. It's now ~33% of my portfolio (I'm up $1M+). How did you size your Bitcoin position in 2012? You must be up many millions, yeah? Have you held since then? Added? What percent of your portfolio is Bitcoin now?

I'm only arguing that in 2012, there was no more reason to believe in Bitcoin than any other long-shot stock. Since the ETF approval (and Blackrock, Fidelity) recognized it as an asset class, there is.

Over the past 15 years Hussman, 48, has thrown himself into understanding the disorder — ever since his son, J.P., was diagnosed with it as a child. Because the vast majority of cases show a family link (a relative on J.P.’s mother’s side is autistic), Hussman has focused on its genetic causes. Almost completely self-taught, he’s spent nights and family vacations poring over obscure scientific textbooks (he says he’s Amazon.com’s best customer) and research abstracts. He not only funded a genomics center at the University of Miami, but has spent years collaborating with scientists there. Finally, this year the science journal Molecular Autism published his findings in a paper that top researchers are calling a breakthrough. The dense, 16-page article features Ph.D.-level mathematics and abstruse genetic analyses. (We’ll spare you the details, but you can check it out here.) “I found it really interesting,” says Dan Geschwind, a leading autism researcher at UCLA’s School of Medicine. Joseph Buxbaum, another top researcher at Mount Sinai School of Medicine, says, “People are beginning to think about other areas where the mathematics and statistics have really evolved, and then bringing them back to genetics. This is a really neat example.” Buxbaum himself is using methods borrowed from astrophysics to research autism. Hussman’s advance, researchers say, consists of the patterns he has found across hundreds of autism cases. Each person is the result of millions of genetic coin flips that occur across the human genome. Hussman’s algorithm can detect unusual clusters of flips that may be linked to autism. There’s a second benefit too. If you look at each coin flip separately to find the ones causing autism, you miss something because the flips are interconnected by genetic material — one flip can influence another. Until now, autism researchers haven’t been able to fully incorporate that influence into their research. Hussman created a way to do that, using complex statistics he learned from studying markets. “In finance, when you see the same signal across two different markets or countries, you take that as a stronger signal of information than if you only saw that signal in one market,” he says. “It’s similar in genetics.” https://archive.ph/R5VYY https://www.hussmanfunds.com/wmc/wmc110131.htm