Avoiding investment scams

My book The World After Capital https://t.co/JvRQFHlvZn in 64 tweets

— Albert Wenger 🌎🔥⌛ (@albertwenger) February 27, 2021

This video is a masterclass in psychology.

The first person to do something always looks weird. People laugh. Then somebody else joins. Then the crowds come in and the person who started the whole thing goes from looking like a goon to looking like a genius. pic.twitter.com/4iwHriOYoo

— David Perell (@david_perell) February 26, 2021

IMO: If you are an econ theorist, and are regularly attempting more than 6 hours of research work a day, you are not on the research-leisure Pareto frontier. Real focus is physically draining, and creativity can't be forced. 🧵 https://t.co/0FyqNd31wb

— Shengwu Li (@ShengwuLi) February 21, 2021

A normalization of rates to pre-2008 levels would cause US Corporate Profits to collapse by 50% due to increased interest payments alone

A move in rates back to 1970s peaks would result in the total elimination of all US corporate profits

— Christopher Cole (@vol_christopher) February 24, 2021

The Wealthfront Risk Parity Fund recently passed its three year track record… and somehow (well… besides the poor construction and insanely high embedded costs) has underperformed ALL seven of its core holdings by at least 2% / year.

cc @Wealthfront https://t.co/aRipBRVzDB pic.twitter.com/pFVKSGJh8i

— Jake (@EconomPic) February 22, 2021

“Our individual data is just not that valuable. Data is not the new oil. It is the new sand. Like silicon, which makes up 28% of the earth’s crust, it is ubiquitous & is only made valuable by an enormous set of industrial-scale processes.”@timoreilly nails it on data & privacy pic.twitter.com/RpUdZufR2T

— Alec Stapp (@AlecStapp) February 25, 2021

Storytelling is a more powerful skill than financial analysis because storytelling is proactive and analysis is reactive.

Storytelling dominates reality. Analysis submits to it.

— LIZquidity (@Lizquidity) May 25, 2020

Everyone is writing about "regime change" in macro policy. On monetary side it is true. I wrote about this last summer in "cancelling Volcker". An inherent deflation bias in Mon policy is gone, replaced with a (modest) inflation bias. Fed dropping NAIRU also v significant THREAD

— Dario Perkins (@darioperkins) February 27, 2021

Making lots of money luckily comes with the equivalent of a technical debt.

You think you're smart.

One of the worst ways to start off trading is by getting lucky.

Imagine paying $$$$ for a placebo that coincided with getting better. Expensive in the long run.

-Boomer

— Kris (@KrisAbdelmessih) January 24, 2021