“Risk Management” = “Safetyism”?
Saw a lot of guys get wrecked last year, when they switched from a backtestably-decent buy & hold until binance/billion or zero strategy,
to a “risk management” strategy of dumping it all at the first pullback
— a major change in strategy, which none ever even bothered to consider historically-backtesting at all
Predictably, their whole portfolios ended up wrecked, as their new strategy ended up repeatedly dumping early 200x & 700x’s, which would’ve easily saved their whole portfolio 10x over
Sound familiar?
Sure sounds like something the left has used a ton in the past few years
= Left’s “safetyism”
Masks for your "safety”, even if really they make things worse
“Vaccines” for your “safety”, even if they make things worse
New laws in the name of “safety”, even if they make everyone less safe
— They can just magically say that the intent of something is “safety”,
and then all brains instantly switch off
Suddenly no one bothers to assess whether a supposed “safety” measure increases “safety” at all, or if decreases it
“How dare you question this safety practice! It’s got safety in the name!”
Do people’s brains totally turn off whenever something is done in the name of “risk management” — in the same way that people’s brains turn off whenever something is done in the name of the left’s “safetyism”?
Is what people often call risk management, e.g. dumping 100% upon the first pullback — not really risk-reducing at the portfolio level at all, and in fact clearly doing the opposite most of the time?
So-called “Risk Management” :: Left’s “Safetyism"?
Pic unrelated
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Saw a lot of guys get wrecked last year, when they switched from a backtestably-decent buy & hold until binance/billion or zero strategy,
to a “risk management” strategy of dumping it all at the first pullback
— a major change in strategy, which none ever even bothered to consider historically-backtesting at all
Predictably, their whole portfolios ended up wrecked, as their new strategy ended up repeatedly dumping early 200x & 700x’s, which would’ve easily saved their whole portfolio 10x over
Sound familiar?
Sure sounds like something the left has used a ton in the past few years
= Left’s “safetyism”
Masks for your "safety”, even if really they make things worse
“Vaccines” for your “safety”, even if they make things worse
New laws in the name of “safety”, even if they make everyone less safe
— They can just magically say that the intent of something is “safety”,
and then all brains instantly switch off
Suddenly no one bothers to assess whether a supposed “safety” measure increases “safety” at all, or if decreases it
“How dare you question this safety practice! It’s got safety in the name!”
Do people’s brains totally turn off whenever something is done in the name of “risk management” — in the same way that people’s brains turn off whenever something is done in the name of the left’s “safetyism”?
Is what people often call risk management, e.g. dumping 100% upon the first pullback — not really risk-reducing at the portfolio level at all, and in fact clearly doing the opposite most of the time?
So-called “Risk Management” :: Left’s “Safetyism"?
Pic unrelated
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Media is too big
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NEW: Zuckerberg says the Biden admin demanded Meta to censor memes: "All these different agencies and branches of government started coming after our company. It was brutal."
Well, ya could’ve just told the public that at the time, as others did
Stopping the government from being able to pin it all on you, probably rightfully, since you carried out the censorship without resistance
And then everyone wouldn’t be seeing you as a snake
Transparency stops triangulation
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Well, ya could’ve just told the public that at the time, as others did
Stopping the government from being able to pin it all on you, probably rightfully, since you carried out the censorship without resistance
And then everyone wouldn’t be seeing you as a snake
Transparency stops triangulation
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DoomPosting
🚨WTF?! LA County just admitted they’ve LOST CONTROL of their emergency alert system You can even hear one going off in the room as the Emergency Management Director speaks MILLIONS of people are getting erroneous alerts telling them to evacuate, even if…
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Popular tweet
Notice how he doesn’t say what the most fundamental difference in values separating left from right actually is?
Because if he did, the tweet never would have taken off, because 99% of the right can’t say what the most fundamental right-wing belief is
Strangely… Feels like the overwhelming majority of the left CAN more or less correctly point out what the most fundamental left-wing belief is
= “equity”
I.e. equality of outcome, wealth redistribution equally among all, at the expense of any kind of property rights (often warping what’s “equal”, but still)
The left correctly identifies their fundamental belief is, and they overwhelmingly agree on it.
Why can’t the right?
Perhaps because the overwhelming majority are very left leaning at heart, and the right doesn’t want to lose those who believe they’re right-wing but are not.
Perhaps not.
Classic political compass is correct, the fundamental dimension separating left from right is the allocation of value,
- left = economic left, “equity” to (re)distribute wealth, equality of outcome
- right = economic right, markets to distribute weslth, non-equal outcome, merit-based outcome, using meritorious measures of merit, property rights
(yes national borders can be seen as property rights)
(second dimension is about allocation of control)
Of course, a quick skim of this tweet thread shows that those supposedly on the right can’t seem to agree on what is the most fundamental right-wing belief at all
Political compass was right
Fundamental left-right dimension is economic
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Notice how he doesn’t say what the most fundamental difference in values separating left from right actually is?
Because if he did, the tweet never would have taken off, because 99% of the right can’t say what the most fundamental right-wing belief is
Strangely… Feels like the overwhelming majority of the left CAN more or less correctly point out what the most fundamental left-wing belief is
= “equity”
I.e. equality of outcome, wealth redistribution equally among all, at the expense of any kind of property rights (often warping what’s “equal”, but still)
The left correctly identifies their fundamental belief is, and they overwhelmingly agree on it.
Why can’t the right?
Perhaps because the overwhelming majority are very left leaning at heart, and the right doesn’t want to lose those who believe they’re right-wing but are not.
Perhaps not.
Classic political compass is correct, the fundamental dimension separating left from right is the allocation of value,
- left = economic left, “equity” to (re)distribute wealth, equality of outcome
- right = economic right, markets to distribute weslth, non-equal outcome, merit-based outcome, using meritorious measures of merit, property rights
(yes national borders can be seen as property rights)
(second dimension is about allocation of control)
Of course, a quick skim of this tweet thread shows that those supposedly on the right can’t seem to agree on what is the most fundamental right-wing belief at all
Political compass was right
Fundamental left-right dimension is economic
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No you absolute retards
Nationalism or so-called racism is not the fundamental belief of the right
TONS, the vast majority, of undeniably extremely left-wing movements through out the ages, and today, have been extremely nationalistic or so-called racist
Plenty of examples of such communist governments even today
That either of these could be the fundamental beliefs “proving” that you’re right-wing is clear nonsense on its face
All of the most left-wing governments of all time would be right-wing by this measure
Even wokipedia admits this
Makes zero sense
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Nationalism or so-called racism is not the fundamental belief of the right
TONS, the vast majority, of undeniably extremely left-wing movements through out the ages, and today, have been extremely nationalistic or so-called racist
Plenty of examples of such communist governments even today
That either of these could be the fundamental beliefs “proving” that you’re right-wing is clear nonsense on its face
All of the most left-wing governments of all time would be right-wing by this measure
Even wokipedia admits this
Makes zero sense
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Not a real answer,
But yes, true, especially of the lib-right
Exactly one most obvious way to split everything equally, per the left belief
= equally split among everyone
Left has one obvious most ideal measure of merit, even if junk — equally split
No analogous single best concrete measure of merit for the right
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But yes, true, especially of the lib-right
Exactly one most obvious way to split everything equally, per the left belief
= equally split among everyone
Left has one obvious most ideal measure of merit, even if junk — equally split
No analogous single best concrete measure of merit for the right
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Hundreds of replies to that tweet,
All nonsense,
Zero attempt at a real answer
Vast majority clearly incapable of understanding the very concept of meritorious measures and mechanisms for allocation of value and control
Hayek, or whoever his ghost writer was, was right
To understand our civilisation, one must appreciate that the extended order resulted not from human design or intention but spontaneously: it arose unintentionally
The unwitting, reluctant, even painful adoption of these practices …. enabled them to be 'fruitful, and multiply, and replenish the earth, and subdue it'
This process is perhaps the least appreciated facet of human evolution
Many easily understand what the left is, and can see its evil, can understand it’s bad to support that
Very few can really understand what is the right
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All nonsense,
Zero attempt at a real answer
Vast majority clearly incapable of understanding the very concept of meritorious measures and mechanisms for allocation of value and control
Hayek, or whoever his ghost writer was, was right
To understand our civilisation, one must appreciate that the extended order resulted not from human design or intention but spontaneously: it arose unintentionally
The unwitting, reluctant, even painful adoption of these practices …. enabled them to be 'fruitful, and multiply, and replenish the earth, and subdue it'
This process is perhaps the least appreciated facet of human evolution
Many easily understand what the left is, and can see its evil, can understand it’s bad to support that
Very few can really understand what is the right
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