In some isolated and probably anomalous societies sure, but greed-fueled expansion and growth is a hallmark of humanity across every single continent and at every stratum of civilizational development stretching back 10,000s of years
But that can't possibly be the case -- since such a simple strategy is already priced into the red.
Anything accessible to any person without days/weeks of research or insider knowledge is already priced-in. All the people rationally "buying the dip" are doing so as the price dips.
Any time you buy, you are betting on a future price against everyone else making bets. Most of those other people, who can move markets, are spending their entire lives in R&D to eek out a slightly better bet.
You're a mark if you think you can price better than them -- and they are the ones presently setting the price.
"After the 25% YoY of the last 2 years, the bubble has to burst this year", I thought to myself in Jan. It looks like keeping some cash in the wings waiting was the right move. I think we'll see a nastier crash still though
The American right has (always?) been anti-government overreach traditionally. I don't actually think Trump or Musk are particularly conservative or right wing (they'll say and do what gets them the support) but on this topic they are actually very much in line with political tradition.
I think they're overshooting here and will need to correct, but I get the impression as an outsider that the American people who voted Trump in are sick and tired of a social structure that isn't benefiting them and seems to give them no "out" or way forward. They will take the wild and crazy antics/experiments because hey, it wasn't exactly working before anyway, was it?
> Conservatism consists of exactly one proposition, to wit: There must be in-groups whom the law protects but does not bind, alongside out-groups whom the law binds but does not protect.
Frankly I don't see how you read Norquist's statement any other way: he doesn't want to abolish the government, he just wants to be sure it holds no dominion over him personally.
American right was always pro government overreach when it comes to cops, military and so on. The are anti government when the government is helping someone they dont like. They are against public schools, public health care, consumer protection, safety rules.
Trump or Musk are very much American right as it always was, except without pretension of respectability.
It’s not a false equivalency. The right frequently claims the government over reaches, and then enact their own Christian policies which have a tendency to overreach. Heard of those book bans? That’s conservative Christian overreach into state policy, which takes away freedom.
What’s bad faith is claiming that more social restriction is not a form of overreach.
Edit: pollution is actually a very good example. In my view, polluting my property via air or water pollution is a violation of my property rights, and is therefore unconstitutional. Companies doing so are overreaching. I would like the government to reach out and stop that. Certain Conservatives somehow don’t share this view, and think businesses should have the freedom to pollute, and wish to abolish the EPA. The government would be overstepping, to them.
NVidia's not selling LLM subscriptions, they're selling shovels in the goldrush. I don't think 3 trillion is a reasonable valuation either, but NVidia's applications extend way beyond consumer and they've effectively become the chokepoint for any application of AI
To be fair, Greenlanders didn't have a lot of choice back then. You don't take extensive time to process food that's naturally toxic unless you really have to
It's hard to imagine just how much the height of Everest affects the feasibility of any "normal" infrastructure as a tourist spot. The air density is exceptionally thin (so thin that even helicopters cannot climb past a certain point), and the lack of oxygen is literally killing you at a cellular level the longer you're there. I can't even fathom getting building equipment up there to set anything up, and no one could man any of the infrastructure on a long term basis.
The 'normal infrastructure' stops at about 5200m. On the Nepal side there's a guest house there where you can stay without climbing permits and the stuff get there via human porters or yaks. On the Chinese side there's a road and you can drive a car to base camp and there are some local shop/bar type stuff.
Above that in Nepal it's just tents carried by human porters. In China/Tibet there's an advanced base camp which is like a village supplied by yak but without shops/public facilities, just expedition tents.
The trek to the 5200m stuff on the Nepal side is a nice trip and cheap once you get to Kathmandu.
Traditionally Sherpas only make up a small percentage of "native" workers and they they tend to work in more mountaineering adjacent roles (fixing ropes, etc.) which come with more prestige, money and better equipment donations from privileged clients.
Grunt work (porters, cooks, etc) is done by migrants from lowlands, on poor wages, with poor equipment and often effectively at higher risk despite not being involved in, for example, summit pushes. They do not benefit from the biological adaptations, nor noble savage mystique payday.
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