Posted in Money
We want to share with you some articles and videos that we have come across in the last week or so that we think provide insight and we find helpful, along with some of our content for newer readers. To save you time, we summarize what the content covers.
Pension Problem Too Big To Ignore: Danielle Booth misidentifies a feature as a bug. The Federal Reserve knew they would cause pension defaults when they lowered interest rates to zero and this was part of their goal, as it creates another crisis where they get more power. Pensions will default, the Federal Reserve will get more emergency power, and they will use that power to create the next crisis, like they created this crisis from the emergency power they received in the housing bubble collapse. People always get what they deserve; if you incentivize corruption, you’ll only get more corruption.
Planet Money: The episode #650 “The Business Genius Behind Get Out” is actually a rebroadcast of an older episode, with some updates related to the blockbuster “Get Out.” Like trading, investing, or any other endeavors, we can learn lessons from this movie producer who makes “lower” budget films. By placing smaller bets on a bunch of movies (risk and money management – position sizing), one can hit some home runs, while not risking too much per movie. He also has a process and a system, which provides him better chances of success and avoids risk of ruin.
In addition, we had three bitcoin meetups this week in Dallas-Fort Worth area. If there’s not a bitcoin meetup in your area, start one. If you’d like to hear some highlights of what was discussed this week, check out our podcasts for the sixth episode.