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Joined 10 months ago
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Cake day: September 14th, 2023

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  • I’m a big fan of Always Sunny, but not much outside of that.

    My take on it is this: it’s a movie about being a nobody with small, kind of pedestrian life goals, in a time when everyone is trying to be famous and we are inundated by media and celebrity. Everyone in the movie tries to make themselves the main character, except for the actual protagonist.

    The most essential question of the film, at a literal and existential level, is this: who is this story about?







  • Hot take: it was a valiant effort by people with tremendous power and influence to do the right thing with the wrong tools. Blackrock et al. tested the hypothesis that companies can generate greater returns by doing good. In doing so they risked their reputation and relationships with their investors.

    We all learned together that their hypothesis is wrong. One cannot add a constraint (ESG etc) without compromising returns, and the big money piles operate with mandates to maximize risk-adjusted returns.





  • Agreed! That convenience is called a negative externally. It is a cost that accumulates to everyone that is not captured in the manufacturing process. Implementing a carbon tax (which can start small, and increment predictably over a period of years) would re-align purchasing decisions to true costs.

    All change is hard, but it is the best solution because it appropriately distributes costs with minimal complexity and no loopholes. And it sure beats doing nothing IMHO.