..... he says 'at least with the federal reserve, we have transparency.' The clip is sort of humbling, I think, since Taleb is at times brilliant. His thinking in this clip, however, particularly at that part, seems corrupted. Humbling in that it's not so hard to slip into the same mistakes we're so allergic to.
The IYI class - do we blame the parents? Is this what happens when parents aren’t straight with their kids on their strengths and weaknesses, preferring instead to tell them ‘you alone are brilliant and can be anything you want to be’? How did our society foster such a group of ‘thinkers’ who lack insight and humility?
Yeah, I like Taleb on the IYI. Nietzsche, too. I read Genealogy by Nietzsche probably a year ago. He has some IYI riffs in there and also ones about resentment, which I think are even better.
When he was talking resentment, my jaw kept dropping. Felt like he was describing the entitled-victim woke-think of today. Bitter, bitter, and basically unable to admit the aggression. So underground it goes and festers. He saw that energy really clearly back then. Part of the temptation is, I think, the perennial human preference for a short-cut to glory, which has got to be more prominent these days, tho you wouldn't know it from reading his thoughts, that's how clear they are. Such a shame no one in my psych education mentioned him - he's so eagle-eyed with those subtleties.
And back to IYI and Taleb... at the 2:20 mark here .... https://youtu.be/td00DJokmAk
..... he says 'at least with the federal reserve, we have transparency.' The clip is sort of humbling, I think, since Taleb is at times brilliant. His thinking in this clip, however, particularly at that part, seems corrupted. Humbling in that it's not so hard to slip into the same mistakes we're so allergic to.
Agree. I endorse only what I quote.
Right on. That's a nice principle.
Taleb blocked me on twitter a few weeks ago after I bought his entire book series last year. (It's okay I still love him and his curmudgeony self)
Love the QT chart, and I wonder is there a level that they could get the balance sheet down to that would surprise you?
They talk now about something like $4 trillion plus, maybe $4 trillion lower from here. If they did that, I'd be hugely surprised.
The IYI class - do we blame the parents? Is this what happens when parents aren’t straight with their kids on their strengths and weaknesses, preferring instead to tell them ‘you alone are brilliant and can be anything you want to be’? How did our society foster such a group of ‘thinkers’ who lack insight and humility?
Thanks for the intro to Taleb!
PS That giant little girl belongs on a Devo album cover.
That's from the TV series "Devs". Check out Taleb's "Fooled by Randomness." My favorite book of his.
Thank you! Will do.
Laughed and laughed at the 'everything priced in.'
I wonder what that guy did in the moment after he wrote that final sentence.
Me too!
End the Fed with extreme prejudice.
It's a big club and they beat you with it.
In his era, my dad called IYI types "effete intellectual snobs" or "educated fools."
I have refrained from pimping my own stuff here and won't again if you prefer, but today's films review seems of the same spirit.
https://l5news.substack.com/p/liars-poke-her
The parasite class.
Yeah, I like Taleb on the IYI. Nietzsche, too. I read Genealogy by Nietzsche probably a year ago. He has some IYI riffs in there and also ones about resentment, which I think are even better.
When he was talking resentment, my jaw kept dropping. Felt like he was describing the entitled-victim woke-think of today. Bitter, bitter, and basically unable to admit the aggression. So underground it goes and festers. He saw that energy really clearly back then. Part of the temptation is, I think, the perennial human preference for a short-cut to glory, which has got to be more prominent these days, tho you wouldn't know it from reading his thoughts, that's how clear they are. Such a shame no one in my psych education mentioned him - he's so eagle-eyed with those subtleties.