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Joined June 2011
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Tim Josling retweeted
Every time I hear "10 sigma" event...
BREAKING: Brazil's -19.8% stock market crash on Monday was one of the rarest market events in the last two decades, according to our analysis.
Brazil's EWZ ETF plunged -19.8% on October 26th, marking an 8.4 standard deviation move.
For context, the ETF's average daily move over the last 20 years has been just +0.04%, with a standard deviation of 2.36%.
Under a normal distribution, the probability of a decline this extreme is approximately 1 in 58 quadrillion.
In other words, this event should be virtually impossible under conventional statistical models.
What just happened in Brazil was *almost* impossible.
Tim Josling retweeted
There was once a shepherd who found a wolf caught in a snare at the edge of his pasture.
The wolf begged to be freed.
“I was hungry,” it said. “That is all. Spare me, and I will remember your mercy!”
The shepherd cut the rope.
The next night, three lambs were gone.
Again the shepherd found the wolf. Again it pleaded. Again the shepherd convinced himself that mercy was proof of his goodness.
By winter, half the flock was dead.
An old farmer finally asked him, “Why do you keep freeing it?”
The shepherd answered, “Because I refuse to become cruel.”
The farmer looked at the empty field and said, “Then understand what you have done. You were not merciful to the wolf. You were cruel to everything that trusted you to keep them safe.”
That’s the lesson.
Mercy without judgment isn’t virtue. When someone openly intends to destroy what has been entrusted to you, endless forgiveness doesn’t make you righteous. It makes everyone behind you pay for your vanity.
Tim Josling retweeted
Socialism is not an economic theory that failed. It is a technique of power that works. The economics always fails. The rhetoric never does – on those easiest to manipulate, and for those who rise by manipulating them.
Socialism has never delivered what it says. It has always delivered what it is for: power.
What Socialism Is.
Socialism is not a real model to be applied in the world – it is a contradictory rhetoric used to gain power over people, by manipulating those who are easiest to manipulate.
It is anti-life, because it contradicts reality. Its contradictions stay harmless only as long as it stays on paper. Try to implement it, and they come due.
It postulates equality – and produces the most unequal societies of all: the nomenklatura in its special shops, everyone else in the queue.
It says it frees the workers – and in 1980, ten million Polish workers had to rise up against the workers' state.
It postulates abundance – and gets rid of the people who produce it. Venezuela, sitting on the largest oil reserves in the world, watched its people lose an average of eleven kilos in a single year.
It says the state will wither away – and builds the biggest state in history.
It postulates peace – and needs an enemy for every failure.
"From each according to his ability, to each according to his needs." Needs, of course, especially of the immoral, are unlimited. Ability is punished.
Someone has to resolve these contradictions. In socialism, that someone is the police, by force. When the theory says one thing and reality another, it is never the theory that gets arrested.
That is why it is anti-life. Life works by getting reality right: every living thing survives because it reads the world correctly. Socialism switches off the instruments – prices that say what is scarce, profits and losses that say what works, free speech that says what is wrong. A society that can no longer see where it is going ends up where socialist societies always end up: first the queue, then the famine and the camp.
And yet it keeps coming back. Why? Because socialism is not an economic theory that failed. It is a technique of power that works. The economics always fails. The rhetoric never does – on those easiest to manipulate, and for those who rise by manipulating them.
Socialism has never delivered what it says. It has always delivered what it is for: power.
Tim Josling retweeted
Democrats are now like, "Republicans are Nazis -- but not in a good way like wanting to destroy the Jews."
Tim Josling retweeted
Crazy we thought this shit was over when the Wall fell.
Turns out Communism is a lot like herpes; you can’t cure it, you can only treat the flare ups.
Tim Josling retweeted
✒️|"Es el destino de las grandes almas ser odiadas por los mediocres"
- Julio César
Tim Josling retweeted
Mongkol is a 61-year-old former logging elephant. His captive-held life was spent hauling trees in the Thai forest. His body shape is deformed through hard labor, he lost his right eye and tusk in this brutal logging practice. Mongkol was rescued and brought to Elephants World to spend the rest of his days relaxing peacefully in freedom by the River Kwai. Mongkol is extremely gentle, sensitive who enjoys music, especially this slow movement by Beethoven.
🎹❤️Beethoven “Moonlight Sonata” for Old Elephant
Tim Josling retweeted
1) Of course the money will be wasted; 2) of course the state gov't will come back for more.
Less discussed is: 3) to anyone with a shred of common sense, this is the death knell to CA as a viable place for founders to grow a business. It makes the state totally noncompetitive.
