Profitable stock trader, but also 7-Eleven EXPERT.
NO FINANCIAL ADVICE GIVEN EVER
Joined June 2017
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Rough day the stock market. Jensen "The Slut" Huang has erased a couple of days worth of my gains with his sluttery and resignation. I could've made at least some money back this morning but I was too busy.
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Did people actually have it better in the 1950s?
In my latest for @WSJFreeEx, I debunk some common nostalgic myths.
The newest cars are finally looking boxy. It will take a while before they're the majority of cars on the street.
My entire life, I have been subjected to bubbleslop. I am starting to hate seeing bubblemobiles. It's time for the newer boxier look cars should have never shifted away from in the first place.
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My main discovery trading stocks is that the advantage doesn't come from picking the right stocks all the time. After doing this for a while, I get around a 50% win rate if I'm LUCKY.
The main way I make profits over time is by cutting my losses fast and letting my winners run a bit, with fast loss cutting being the most beneficial because I'm not running a charity. I aim for a profit factor of about 3 but actually end up around 1.75.
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Reminder that the “datacenters use too much water” problem is fake.
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I don’t think healthcare systems explain much about healthcare spending.
The biggest predictor is income. Richer countries spend dramatically more on healthcare regardless of whether their systems are public, private, or mixed. And the relationship is remarkably strong.
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Can the French riots teach us how to finally tax the rich? They already had socialist presidents and appear to have reached the limits of successful taxation. But spending cuts will lower social services. Maybe we should be more like Denmark raising retirement age to 70.
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4 Policies to Improve Affordability and whether they will happen: 1. Tariff Reduction ✅ 2. End War ⬜ 3. Fed Independence ✅ 4. More Immigration ❌
Even through they are all popular now, not all will happen.
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The big problem in American politics is that voters expect the government to solve their problems. Our country was founded on the principle that the people should be left alone to solve their own problems. When government is empowered to solve problems, it creates them instead.
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Will Los Angeles' new mayor be able to fix the city?
@AustynJeffs breaks down what you need to know about Mayor-elect Nithya Raman.
