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| Jul 4, 2020 | » | On Socio-Economic Classes
13 min; updated Nov 24, 2023
#meritocracy #inequality #socioeconomics Our Lot in Life Not recognizing your blessings feeds into the dark side of capitalism and meritocracy: success is a choice, and that those who haven’t achieved success are not unlucky, but unworthy. I’m relatively lucky. I don’t know how much of the techie hubris that I bear. I have unresolved feelings about meritocracy and fairness. Race is usually used as a proxy for bridging the gap, e.... |
| Jun 3, 2020 | » | 12. A Fitness Manual for Random Walkers and Other Investors
9 min; updated Aug 19, 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.... |