SethLessons from Building : 1Two types of people — takers and builders. Becoming a builder is essential. Work only with builders, even if they aren’t as good.Jul 13, 2021Jul 13, 2021
SethAmerican Knights1) make paying a lot of taxes high status through public recognitionDec 15, 2019Dec 15, 2019
SethSugar is bad for youI’m not sure if I’ve written this up before but it’s been a while so hello.Oct 29, 2019Oct 29, 2019
SethDV01 for all securitiesAll securities are the present value of future cash flows, discounted for time and non-diversifiable variance. I don’t think the variance…Oct 18, 2019Oct 18, 2019
SethGDP measures revenue, not profitOutput measures that seek to maximize revenue instead of profit promotes negative npv revenue expansion and hides this negative npv reality…Jul 22, 2019Jul 22, 2019
SethUSD is great until it isn’tImagine a large exogenous shock requires massive spending by us gov. Call it war.Jul 22, 2019Jul 22, 2019
SethCorporates were made in man’s imageWe exist for maximizing our utility functions (our version of profit).Jul 22, 2019Jul 22, 2019
