Apr

12

Media ("attention economy") marginalizes positive stories of ordinary people building solutions from the ground up. That is why trading + media exposure during the day needs to be balanced in off hours to see that ((helping the neighbour, inviting to parties, gardening, anything that gives us joy). And this will be even more important in coming years (as social moods probably drops a lot…initially felt in Europe / Asia and later in the US. The US is not long convexity it is also short IMO).

Steve Ellison writes:

I have always followed Livermore's admonition to neither seek out nor follow tips, not even those from the brilliant members of this list. On X, I follow a number of accounts that I find add value by providing economic and market insight, but some of my favorite recent follows have been people who talk more about psychology and mindset than about particular markets.

For example, Ben Calusinski has some very interesting ideas. One is that authenticity is the one thing that AI can never replace. Another is that you have access to more information than any human in recorded history, simply by being alive today, so there is no excuse to not succeed. Possibly related to Mr. Humbert's point, Mr. Calusinski envisions a future in which 90% of the population is so dopamine-addicted by their devices that they achieve nothing, but a person who resists the siren call of social media and actually builds something, ideally something that aligns well with their authentic self, can do quite well.


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