Reading my own old writing from 10+ years ago is rarely pleasant. It’s not that the ideas and techniques are worse/embarrassing by current tastes (though they often are), but that they have a brash energy I can’t vibe with anymore even where I can still stand by the content.
2014-20: Angry-anxious energy. Everybody lost the plot. Winners and losers alike. Great Weirding.
2021 - : Mellow sadder-and-wiser energy on macro, brrr energy on micro.
SV pre-2015 was pretty unique. It was a huge ball of solutionism fusion energy.
Problemist energy sources = cultural command economy that can fail by producing overwrought incestuous taste-swamp slime
IMO It is easier to do good work in the former
More from Venkatesh Rao
So, yesterday my daughter (9) was hungry and I was doing a jigsaw puzzle so I said over my shoulder \u201cmake some baked beans.\u201d She said, \u201cHow?\u201d like all kids do when they want YOU to do it, so I said, \u201cOpen a can and put it in pot.\u201d She brought me the can and said \u201cOpen it how?\u201d
— john roderick (@johnroderick) January 2, 2021
This is why I never wanted kids. Way too much responsibility for another human’s development. Depending on the child, this might either be the day they discovered who they were or the day that traumatized them into a lifelong fuckup. Either way I don’t want to direct the show.
As far as the can opener goes, it wouldn’t even occur to me to try and turn it into a teachable moment. That sounds vaguely quixotic. I’d just show them how immediately. I think my default is to try and instruct clearly but not demonstrate unless the person is truly disoriented.
I think there’s basically a right answer here: show the kid. If the kid has the aptitude they’ll enjoy the mechanism so much they’ll develop the figure-it-out skill with other devices. If not, it’s a training data point that will build remedial levels of intuition more slowly.
I think perseverance is both misframed and over-rated as a virtue. Misframed as in: everybody has potential for it in some areas and lacks it in others. Aptitude is those areas where perseverance comes easily to you. Meta-skill of knowing where/why you persist is more important.
One other thing I should really clarify and that the @nytimes piece got *severely* wrong: while I believe there are very strong sociological and even causal links between rationalism and NRx (especially in the Silicon Valley homes bases) their ideological and methodological
— (((E. Glen Weyl))) (@glenweyl) February 14, 2021
IMO trying to correct whatever the NYT writer thought he knew/understood is futile. "Willing to be misunderstood by the NYT" should be the default stance unless you want to waste a lot of time correcting an obsolete 2013 map for people who don't care.
The thing is, the NYT still has enough normative cultural power, even as it has fallen from newspaper-of-record, that it takes a particular sort of heretical self-confidence to sort of ignore whatever they happen to be wrong about on any given week, whether or not it concerns you
A subtle shift has occurred in the workings of the Gell-Mann amnesia effect. It used to be an individual private amnesia re: media ("I'll believe myself when I am certain they got it wrong because I'm an expert, but still believe them when I am not"). Now it's a collective effect
A sort of common-knowledge threshold has been crossed lately. "Everybody knows that everybody knows the NYT is wrong on X across largish subcultures." It's no longer mutual beliefs being validated occasionally 1:1.
More from For later read
Raise your hand if you\u2019ve lost a case despite having the law, facts, quality lawyering, and justice on your side.
— Jon Feinberg (@JonFeinberg) February 13, 2021
Bail arguments, motions, oral arguments, hearings. Judges don’t know, follow, or care about the law. Prosecutors are willing to take advantage of it. And mandatory minimums, withheld evidence, & pretrial detention coerces people to plead before trial. When theres a jury. A shot.
But defenders still fight. And still win. Most times wins aren’t “Justice.” It’s power of repetition of argument in front of same judges. Introducing those in power to the people they oppress. Not just a RAP sheet or words on a page. Defenders make it harder to be brutal & cruel.
I worked as a public defender at an office as well resourced as any in the country. Social workers, team of investigators, a reentry team, support staff, specialist attorneys in immigration, housing, education, family. Relatively low caseloads (80-100). And yet still injustice.
Most think that balancing the scales of justice means more funding for defenders. Thats part of it. Enough a attorneys to actually be at bail hearings. Wrap around services to be able to help people trapped in the system end up better off in their communities. Lower caseloads.
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Covering one of the most unique set ups: Extended moves & Reversal plays
Time for a 🧵 to learn the above from @iManasArora
What qualifies for an extended move?
30-40% move in just 5-6 days is one example of extended move
How Manas used this info to book
The stock exploded & went up as much as 63% from my price.
— Manas Arora (@iManasArora) June 22, 2020
Closed my position entirely today!#BroTip pic.twitter.com/CRbQh3kvMM
Post that the plight of the
What an extended (away from averages) move looks like!!
— Manas Arora (@iManasArora) June 24, 2020
If you don't learn to sell into strength, be ready to give away the majority of your gains.#GLENMARK pic.twitter.com/5DsRTUaGO2
Example 2: Booking profits when the stock is extended from 10WMA
10WMA =
#HIKAL
— Manas Arora (@iManasArora) July 2, 2021
Closed remaining at 560
Reason: It is 40+% from 10wma. Super extended
Total revenue: 11R * 0.25 (size) = 2.75% on portfolio
Trade closed pic.twitter.com/YDDvhz8swT
Another hack to identify extended move in a stock:
Too many green days!
Read
When you see 15 green weeks in a row, that's the end of the move. *Extended*
— Manas Arora (@iManasArora) August 26, 2019
Simple price action analysis.#Seamecltd https://t.co/gR9xzgeb9K