I agree with everything: 1) we don't live in a democracy, we live in an oligarchy, 2) economists don't know what they are talking about, 3) established experts obfuscate simple concepts to signal unattainable intelligence.
I work in information technology, and most of what good programmers do is not write code, it's figure out how to efficiently process the right information. Most information is worthless, especially in its raw form.
One nit-pick though: rocket science is actually pretty simple. The belief that rocket science is complicated is just a myth, which ironically serves to prove your point.
wow, thank you so much for that article. i'm now trying to think, whether such "common sense reality check" could be applied to russia as well - even though our stock market is tiny compared to us one, i believe some profitable investment decisions can be made here too.
bought the dark arts as well, hope i'll enjoy it as much as this longread
I agree with everything: 1) we don't live in a democracy, we live in an oligarchy, 2) economists don't know what they are talking about, 3) established experts obfuscate simple concepts to signal unattainable intelligence.
I work in information technology, and most of what good programmers do is not write code, it's figure out how to efficiently process the right information. Most information is worthless, especially in its raw form.
One nit-pick though: rocket science is actually pretty simple. The belief that rocket science is complicated is just a myth, which ironically serves to prove your point.
wow, thank you so much for that article. i'm now trying to think, whether such "common sense reality check" could be applied to russia as well - even though our stock market is tiny compared to us one, i believe some profitable investment decisions can be made here too.
bought the dark arts as well, hope i'll enjoy it as much as this longread
You sound like Founding Father material.
Update from the future:
Between its IPO and today, Palantir has now *declined* 24%. The S&P 500 has *increased* 27% during the same period of time.