You Had $2.5 Million and You Did WHAT!?

I saw this on reddit and had to post this here in case it ever gets deleted by the reddit user in shame. This man got $2.5 million in inheritance a few years ago and he has literally burned it all through day trading. It is mind numbing. The uncle who bequeathed him all these riches must be turning in his grave. It goes without saying that this is exactly what you do not want to be doing with your money. I hope you can savour the extreme irony in how his uncle lived frugally and invested steadily for decades to make his millions and how his idiotic nephew blew it all in a few dumb years. Below is a full cut and paste of this reddit post with some edits to highlight some of the most absurd passages. Let this be a cautionary tale in greed and hubris. You can’t make this stuff up (however, it is the internet, and reddit in particular, and upon further research, I can’t ascertain whether this is true or the greatest troll job of all time – take it for what you will).

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Quick Update: Books, Coursera, and Valuation

As it seems to happen often, my interest in writing tends to ebb and flow depending on the seasons. Sometimes I feel like I need to unload all of the things I’m learning pen-to-paper over here. Other times, I’m learning and reading but have little desire to write down my thoughts as I am deep inside my own mind, twisting and turning information/knowledge/wisdom/etc and trying to come to terms with insights.

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Recovering from Nasal Surgery

For as long as I can remember, I’ve always had issues breathing through my left nostril. Turns out I had a severely deviated septum. I had surgery to get it fixed earlier this week and now in recovery mode. The recovery process has been… uncomfortable. Not painful really, just really, really uncomfortable. I’m also weird and absolutely do not want to take the Tylenol 3s. Being Canadian, the whole process from seeing the doctor, then the nasal specialist, then the surgery, was all… free. Blows my mind. I feel very fortunate and grateful to live in such a wonderful country in this day and age. Anyways, things might be a little quiet around here until the end of the month. I am, however, active on Twitter so if you want to see what I’m thinking about in under 120 characters, connect with me over there. Come to think of it, I have been much more active on Twitter in the last few months. It’s a great platform once you get your bearings. Anyways, I am on hiatus over here for the next little while, which I am blaming entirely on my nasal surgery and the need to recover.

The Double-Edged Sword of Models

the-double-edged-sword-of-models

I was recently having a sweaty conversation about the construct and use of models while sitting in a sauna with a friend. We were talking about how the aggregate polling forecast turned out so wrong on the 2016 Presidential Election. I took the position that models are important to have (or else we would just be making random guesses) but can be dangerous if you become overconfident in your model(s). Let’s hash this out.

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The US Presidential Election 2016 was the Ultimate Lesson in Confirmation Bias

I’ll admit it right off the bat: out of two pretty piss poor choices for president of the United States, I would have voted for Hillary Clinton. Not because Clinton was some paragon of virtue, honesty, and integrity, but because she was – in my opinion – the lesser of two evils. One candidate was secretive, sly, and carried decades of political baggage that featured many, many skeletons in the closet. The other candidate was an openly racist, misogynistic, megalomaniac who seemed to amplify and provide a voice for the shitty side of humanity. Both had their flaws. My opinion was one had deeper flaws than the other. The greatest takeaway from this election, especially if you were not a Donald Trump supporter, is just how easily so many people got sucked into a circle jerk inside an echo chamber.

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