james22

Regret Minimization Framework: Imagine yourself at 80, looking back at life: "Would you regret this decision?"

You screen for them? Have you looked at custom indexing?

In a culturally confident age, the British in India were faced with the practice of "suttee" -- the tradition of burning widows on the funeral pyres of their husbands. General Sir Charles Napier was impeccably multicultural: "You say that it is your custom to burn widows. Very well. We also have a custom: when men burn a woman alive, we tie a rope around their necks and we hang them. Build your funeral pyre; beside it, my carpenters will build a gallows. You may follow your custom. And then we will follow ours." India today is better off without suttee. If you don't agree with that, if you think that's just dead-white-male Eurocentrism, fine. But I don't think you really do believe that. Non-judgmental multiculturalism is an obvious fraud, and was subliminally accepted on that basis. After all, most adherents to the idea that all cultures are equal don't want to live in anything but an advanced Western society. Multiculturalism means your kid has to learn some wretched tribal dirge for the school holiday concert instead of getting to sing "Rudolph the Red-Nosed Reindeer," or that your holistic masseuse uses techniques developed from Native American spirituality, but not that you or anyone you care about should have to live in an African or Native American society. It's a quintessential piece of progressive humbug. But if you think you genuinely believe that suttee is just an example of the rich, vibrant tapestry of indigenous cultures, you ought to consider what your pleasant suburb would be like if 25, 30, 48 percent of the people around you really believed in it too. Multiculturalism was conceived by the Western elites not to celebrate all cultures but to deny their own: it is, thus, the real suicide bomb. The rest of us -- the ones who think you can make judgments about competing cultures on liberty, religious freedom, the rule of law -- need to recover the cultural cool that General Napier demonstrated. Mark Steyn

No, cultural confidence (the American Dream) drove assimilation. Offer immigrants a European Dream and you'll stand a chance. Without confidence in your culture they'll supplant yours. Yeah, I'm NOT interested in investing anywhere burning down. Especially not somewhere confusing the collapse of Western civilization with creative destruction. Yeesh.

Enjoy living under Sharia law.

Hitler always described himself as a man of the Left. He and his cohorts took over the German Workers’ Party, which was uniformly and correctly regarded as left-wing. They renamed it the National Socialist Party. Still left-wing, even more so. The Nazi regime vastly expanded the power of government–to put it mildly–raised taxes, essentially took over private industry from the top down, and, throughout World War II, assured Germans that they would have “real socialism” once the war was over. Of course the Nazis battled the Communists in the streets in the 1930s; that was like the Crips and the Bloods fighting over turf. Bitter enemies who are in all respects relevant to outsiders, the same. And they soon became allies. The great public relations coup of the Western Left was its success in branding both the Nazis and Italy’s Fascists as “right-wing.” In fact, they were big government–make that huge government–socialists: the opposite of Western conservatism. Hitler would have been astonished by the claim that he was somehow a free-market, limited government conservative. By any sane definition–including his own–he was a left-winger. Historically, two varieties of socialism have actually existed: national socialism (Germany and Hitler, with a number of countries in Europe and Latin America following suit) and international socialism (Marx, Lenin and the USSR). International socialism didn’t last long. Stalin abandoned it with his “socialism in one country” mantra in the 1930s, and when his fellow socialist and ally Hitler invaded, defense of the Soviet Union became the Great Patriotic War. So, for practical purposes, there is only one kind of socialism: national socialism. Nazism, or Fascism. These are far-left ideologies, and the claim that they have anything to do with the right, with conservatism, is nothing but a propaganda coup on the part of Western leftists, who have successfully dodged responsibility for those who carried their ideologies to their logical conclusions. https://www.powerlineblog.com/archives/2025/01/adolf-hitler-communist.php

100% disagree.

Denial and deflection don't convince me my shareholder rights won't be trumped by whatever the prevailing ideology.

Aaand there's the problem. Not joking: If you can't protect your daughters, why would I expect you'd protect my shareholder rights?

We would like to free the people from the state.

Do you still believe Biden is sharp as a tack too?

It's 2025, Charlie.

A counter to the "future shock" argument is the increasing familiarity people should have with the digital transformation of things. Investors should recognize bitcoin as just the latest after seeing Amazon transform retail, Google information, Facebook social, etc.

He's upset about my earlier (5:28) post.

1. I assume it's understood (as the resident MSTR fanboy), I'm posting about the follow-up tweet. And it's a little funny. Lighten up. 2. And also true - one doesn't read many good things about London lately that would make one want to invest there. That should be helpful to know. You especially.

I expect the market will trade 24/7 within 5 years. And once real estate and other assets are tokenized and can be easily traded, probably around 5 years as well, their volatility will increase to match everything else.

The Howard Marks letter posted above mentions the difficulty simply obtaining information earlier. You can extend that to everything. Interested in a career field? A school? What is easy today was near impossible then.

Well yeah, execution is the hard part. And where intelligence is an advantage (giving conviction) - holding when others are selling.

You're too young to know what normal is. LOL

But this is one of the reasons bright young investors reject simply holding 100% S&P500 for 30 years. Because it's the same advice dumb young investors can follow and they believe should should be able to leverage their intelligence and education somehow.

Or we've read the very same bearish material for longer than you've been alive and learned how unhelpful it is.

It is never a defeat or mistake to course correct. Only to refuse to.