BC LIFE
Saved by @CodyyyGardner

My highlighted passages from The Psychology of Money by @morganhousel. Thread below

1. The 401k - the backbone savings vehicle of American retirement - did not exist until 1978. The Roth Ira was not born until 1998. If it were a person it would be barely old enough to drink

 2. NYU professor Scott Galloway has a related idea that is so important to remember when judging success - both your own and others': "Nothing is as good or as bad as it seems."
3. Margin of safety - you can call it room for error or redundancy
4. "Every job looks easy when you're not the one doing it because the challenges faced by someone in the arena are often invisible to those in the crowd."
5. "The average equity fund investor underperformed the funds they invested in by half a percent per year, according to Morningstar - the result of buying and selling when they should have just bought and held."
6. "The implosion of the dot-com bubble in the really 2000s reduced household wealth by $6.2 trillion. The end of the housing bubble cut away more than $8 trillion. It's hard to overstate how socially devastating financial bubbles can be. They ruin lives."
7. (Perhaps my favorite) "The formation of bubbles isn't so much about people irrationally participating in long term investing. They're about people somewhat rationally moving toward short-term trading to capture momentum that had been feeding on itself."
8. "Pessimism just sounds smarter and more plausible than optimism. Tell someone that everything will be great and they're likely to either shrug you off or offer a skeptical eye. Tell someone they're in danger and you have their undivided attention."
9. "Only 2.5% of Americans owned stocks on the eve of the great crash of 1929 that sparked the Great Depression."
10. "Progress happens too slowly to notice, but setbacks happen too quickly to ignore. There are lots of overnight tragedies. There are rarely overnight miracles."
11. "Growth is driven by compounding which always takes time. Destruction is driven by single points of failure, which can happen in seconds, and loss of confidence, which can happen in an instant."
12. "Expecting things to be bad is the best way to be pleasantly surprised when they're not. Which, ironically, is something to be optimistic about."
13. "It can't be overstated: there is no greater force in finance than room for error, and the higher the stakes, the wider it should be."
14. "Time is the most powerful force in investing."

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The Transition from the old to the new.

The QFS is alive and doing its snoopy thing, but it is not yet active with accounts. How is the old going to transition to the new? This is a good question./1

The QFS must be active when the RV/Redemption takes place because all RV and Redemption funds will be placed in the QFS as gold-back currencies in the currency of the nation where the RV or the Redemption takes place./2

This is the Global Currency Reset that all countries will go through when the funds are released. The RV funds are released and deposited into QFS accounts as gold-backed currencies; thus the Global Currency Reset./3

Keep in mind that this Global Currency Reset means the world has reset their currencies to the whole new system of finance for the world.
There will be no fanfare or public announcement when the QFS is activated./4

There are those in the financial industry who will know or suspect that the QFS has been turned on but there will be very few “tells” that it has been activated and fully functioning. The alliance wants this to be seamless./5
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silkcoeur
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[🔞 hopekook, rimming] happy vday if you celebrate it, last night i fell asleep thinking about a horny hopekook date where they set aside time to cuddle and watch something soothing and mindless. jk chooses a nature documentary, more for background ambiance than anything else.

they start out with hobi laying crosswise on the couch, and jk crawls between his legs, rests his head on hobi's sternum. he likes to cuddle like that because he can hear hobi's heartbeat. also hobi will usually skritch his scalp when they're in this position.

he's doing that now, running his fingers from jk's forehead to the nape of his neck, but then he scoops along jk's ear instead. fingertips smoothing along the shell curve and then gently tugging on his earlobe. he keeps doing it, repetitive. the apartment is warm.

and quiet, too, except for the doc in the bg and the soft sounds of their breathing. hobi's fingertips keep tugging easily, gently on his ear lobe and all of a sudden jk realizes he's getting hard. he doesn't pay it much mind, one or both of them often do when they cuddle, even

if it's just a cuddle session & not anything further. but then hobi moves his leg, feels it, laughs softly, & moves his leg again - this time, deliberately. jk smiles, rubbing his mouth against hobi's sweatshirt. he rolls his hips, real slow like, and feels hobi's dick, too.
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MaybeTheJingoAteYourBaby
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@colbymommy
Try to imagine yourself as an older Republican. (Obviously you are white and you have a penis.) You have long believed R's to be the responsible ones, the moral ones, the ones who will do the right thing even when it's hard.

You remember your heroes: Eisenhower and Reagan, the Bush's? Right? You knew that they would "take care of us" while all the crazy tree huggers and hippies wanted to buy the world a Coke and and give all your money to poor people and immigrants!

...and how was THAT gonna teach them to pull themselves up by the boot straps and make something of themselves like YOU DID??
After all, this is the land of opportunity, RIGHT? Everyone has the same chance to be successful and PROSPEROUS, right???

You did it all with NO HELP--ALL BY YOURSELF, DIDN'T YOU. I mean, the G.I. Bill didn't do all that MUCH!
Rich people were taxed at 70%, and that was OK with you because you weren't one. *YET*

Just because the cost of living was MINISCULE compared to now, and you got a spiffy new job with a company car and paid health insurance, and a freaking house you BOUGHT ALL BY YOURSELF for 25 thousand freaking dollars,
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@pfemiolaleye
10 Red flags to note in relationships .

A thread !

1. Secrecy - There is a difference between being private and being secretive . Anyone who doesn’t want people to know you are dating may have somethings they are hiding . It’s ok to be private but alarm bells should ring where there is secrecy .

2. Barter - The relationship is almost always about what is being exchanged . While there will be exchanges in every relationship, an undue focus on this will indicate that someone is there for something they can get and not what they can give .

3. Misaligned values - What is sacred to you isn’t respected by the other .values like honesty , integrity , respect isn’t important to the other party . A relationship with nonaligned values cannot work ! There will always be conflict .

4. Mystery income - Some folks are dating thieves , robbers and fraudsters and always have signs to indicate that their partners are fraudulent. It is a huge red flag not to know what your other half actually does for money . It’s not wise to join a sinking boat .
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MDZS is laden with buddhist references. As a South Asian person, and history buff, it is so interesting to see how Buddhism, which originated from India, migrated, flourished & changed in the context of China. Here's some research (🙏🏼 @starkjeon for CN insight + citations)

1. LWJ’s sword Bichen ‘is likely an abbreviation for the term 躲避红尘 (duǒ bì hóng chén), which can be translated as such: 躲避: shunning or hiding away from 红尘 (worldly affairs; which is a buddhist teaching.) (https://t.co/zF65W3roJe) (abbrev. TWX)

2. Sandu (三 毒), Jiang Cheng’s sword, refers to the three poisons (triviṣa) in Buddhism; desire (kāma-taṇhā), delusion (bhava-taṇhā) and hatred (vibhava-taṇhā).

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https://t.co/7QIx5CFdfJ


The paper is a good example of lots of elements of good experimental design. They validate their metric by showing lots of variants give consistent results. They tune hyperparamters separately for each condition, check that optimum isn't at the endpoints, and measure sensitivity.

They have separate experiments where the hold fixed # iterations and # epochs, which (as they explain) measure very different things. They avoid confounds, such as batch norm's artificial dependence between batch size and regularization strength.

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