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| Jun 3, 2020 | » | 12. A Fitness Manual for Random Walkers and Other Investors
8 min; updated Jun 6, 2023
Exercise 1: Have a regular savings program. Start investing early because compound interest and time are you greatest resource. When it comes to setting saving accounts' interest rates with regard to the interest rate that banks enjoy from the fed , banks are downwards-flexible and upwards-sticky. Depositors lose the tune of $100b when interest rates are rising. One is better off with special accounts such as Marcus by Goldman Sachs (1.... |
| Jul 4, 2020 | » | On Socio-Economic Classes
8 min; updated Dec 18, 2022
On the Phenomenon of Bullshit Jobs Capitalism is meant to eliminate bullshit jobs, yet layoffs tend to fall on people making, moving, fixing and maintaining things, but not on the salaried paper pushers that effectively work 15 hours a week. From a political standpoint, a happy productive population with free time on their hands is mortal to the ruling class. Moreover, work is considered a moral value in itself.... |