tag:blogger.com,1999:blog-1527840491496268397.post2690765778330602711..comments2024-03-08T11:20:30.095-07:00Comments on Credit Bubble Stocks: @PDXSag on the Sam Bankman-Fried "FTX" Ponzi SchemeUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-1527840491496268397.post-86849887216545275392022-11-15T10:14:00.466-07:002022-11-15T10:14:00.466-07:00Tyler Cowen:
Effective Altruism
A ...Tyler Cowen:<br /><br /><i><br /><br /><br /> Effective Altruism<br /> A totalizing worldview that has enabled some undesirable weirdness in different places.<br /> Valorizing “scope sensitivity” and expected value leads people violently astray.<br /> Being unmarried (and male) above the age of 30<br /> Being on the cover of magazines<br /> And if you see “the next Buffett”, run.<br /> Appearing with blonde models<br /> Buying Super Bowl ads and sponsoring sports and putting your name on arenas<br /> “Earn to give” as both a concept and a phrase<br /> Mrs. Jellyby<br /> The concept of self-custody<br /> Weird locations for corporate offices<br /> Venture capital<br /> Our ability to see crazes for what they are in the moment<br /> This is not just, or even mainly, about crypto<br /> Drugs<br /> Adderall and modafinil, perhaps stronger stuff also played a role.<br /> The children of influential faculty<br /> Do they grow up witnessing low-accountability systems and personality behaviors?<br /></i><br /><br />https://marginalrevolution.com/marginalrevolution/2022/11/what-rises-and-falls-in-status-through-the-ftx-story.htmlCPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-11093055596397633152022-11-14T15:45:29.642-07:002022-11-14T15:45:29.642-07:00Everyone worried there are no "good guys"...Everyone worried there are no "good guys" to go after the Intelligence Agencies/Uniparty/ Deep State, the FTX exposure is proof there are good people watching, this was not a market discovery, just looks that way, too close to the election to be coincidence.<br /><br />Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1527840491496268397.post-58681892178437437082022-11-14T11:17:43.621-07:002022-11-14T11:17:43.621-07:00Sad to say that the people of Alaska lost money in...Sad to say that the people of Alaska lost money in this con:<br /><br /><i>Late Wednesday, Sequoia, a lead investor in FTX, sent a letter to its limited partners saying it was going to mark down the value of its FTX investment to $0. Sequoia owned FTX and FTX.com in its Global Growth Fund III, although FTX is not one of the top 10 holdings in the fund, and its $150 million in cost basis represented less than 3% of the committed capital of the fund, according to the letter.<br /><br />[...]<br /><br />In 2018, the $81 billion Alaska Permanent Fund Corp. committed $200 million to Sequoia's Global Growth Fund III, and the $161 billion Washington State Investment Board retirement system approved an allocation of up to $350 million to the same fund.</i><br /><br />Sequoia is a "big name". Nobody ever got fired for allocating to Sequoia.CPhttps://www.blogger.com/profile/12701174164478027499noreply@blogger.com