Nigel Miller

[John Shewchuk @_ClimateCraze]

@marcleigh @TiceRichard @ReynoldPratt You're right - it's not just hurricanes ... it's all measures of extreme weather which show that global warming and increasing CO2 are improving our climate.

[Thomas Sowell Quotes @ThomasSowell]

Charlie Munger: “If you're a pure socialist, you're a nutcase. An absolute nutcase. Not a modest nutcase, but a real nutcase. You can be a perfect nut with a high IQ."

[Patrick Aldrin @dpatrickaldrin]

You're not undisciplined. Your head's just too loud to hear the signal.

David Goggins, Navy SEAL, meditates 2 hours a night for one reason: "without a clear headspace, there's no discipline."

7 truths about doing hard things:

1. A cluttered mind can't hold discipline.

[Atlas @crptAtlas]

Thomas Peterffy saved $200K over 12 years, used it to buy one seat on the stock exchange and turned that into $4 billion after taxes

He just explained exactly how he did it:

"I was the only one who knew the right value for an option, so it wasn't very difficult for me to make money."

He wasn't faster or luckier than anyone

He just knew what things were actually worth when no one else did

Then came the habit:

"The most common trait among the best traders is they always use limit orders. They very seldom take an offer or hit a bid"

In plain words: the best traders set their own price and wait

They make the market come to them instead of chasing it

This is the whole game on Polymarket too

Know the real odds better than the crowd and never pay a bad price to get in

I broke the full framework down in the article below

[Ihtesham Ali @ihtesham2005]

Tony Buzan invented a single technique that millions now use to remember almost anything.

"Use Your Head" revealed 10 ways to map information the way the brain actually stores it.

1) Your notes should look like a tree, not a list

[Kellie-Jay Keen @ThePosieParker]

The United Kingdom was built by the working of the working class, the management of the middle class, the leadership of the ruling class and the genius of the entrepreneurs and genuine intellectuals.

It was not “built on immigration”.

[Winston Marshall @MrWinMarshall]

Colin Brazier shines like a beacon

His monologues are phenomenal

[John 🏴󠁧󠁢󠁥󠁮󠁧󠁿 @LoamAndLight]

@DavidDeutschOxf I wish more people could watch this important video you produced with @joebosphilos explaining, among other things, why PR is so dangerous.

[Outpost Studios @OutpostStudios]

Did Diversity Really Build Britain?

This week’s Brazier. With @ColinBrazierTV

Only on @OutpostStudios

[Teddy - PolyBackTest.com @Bitcoin_Teddy]

Christopher Hitchens: ”In 1786, when the United States was barely a country, it was having its sailors taken as slaves by the Barbary states, the states of the Ottoman Empire and North Africa. Tripoli, shores of Tripoli. Ships stopped, its crews carried off into slavery. We estimate 1.5 million European and American slaves taken between 1750 and 1815.

Jefferson and Adams went to their ambassador in London and said, why do you do this to us? The United States has never had a quarrel with the Muslim world of any kind. We weren't in the crusades. We weren't at war with Spain. Why do you do this to our people and our ships? Why do you plunder and enslave our people? The ambassador said very plainly, Mr. Abdul Rahman said, because the Quran gives us permission to do so, because you are infidels, and that's our answer. Jefferson said, well, in that case, I will send a navy which will crush your state, which he did.

Islamic fundamentalism is not created by American democracy. It's a lie to say so. It's a masochistic lie, and it excuses those who are the real criminals, and blames us for the attacks made upon us.”

[Yumi🌸 @samuraipips358]

【How Traders Who Always Break Their Rules Become Unable To Break Them】

As you watch the price on the chart move closer to your stop loss line, the hand gripping your mouse starts to sweat a little.
You feel like you should widen the stop just a little.
The moment an unrealized profit appears, your finger moves to the take profit button.

At that moment, somewhere in your head, you hear a voice saying, "I did it again."
You broke your rules again.

After you close the screen, you think this.
My willpower was weak again.
If I could endure more, focus more, and control my emotions better, I should be able to follow the rules next time.

But that way of thinking is already wrong.

You do not break your rules because your willpower is weak.
You break them because, inside you, the win or loss in front of you still feels more important than following the rule.

■ Traders Who Break Rules Are Trying To Avoid Losses

Most traders do not want to break their rules.
In fact, they seriously want to follow them.

And yet, when an unrealized loss grows, they delay the stop loss.
When they see a small profit, they take profit too early because they do not want to lose it.
When the entry condition appears, they cannot click because the previous loss is still in their mind.
Or they enter outside their rules because they do not want to miss the chance.

All of these are actions trying to make the single trade in front of them better.

In other words, you are not ignoring your rules.
You are treating the loss in front of you as something too bad.

In that state, following the rules will always feel painful.
Because one part of you wants to follow the rules, while another part of you is saying, "I do not want to lose this one trade."

As long as those two things collide, your live trading will always shake.

■ Traders Who Cannot Break Rules Have Changed The Direction Of Their Emotions

So how do you become unable to break your rules?

The answer is to build, with your own hands, the belief that following your rules leads to success more than the win or loss in front of you.

You test across a large sample size.
You see wins, losses, losing streaks, and drawdowns again and again with your own hands.
You understand what remains as the total of wins and losses when you repeat the same condition.
And by practicing it again and again with your own hands, you turn that understanding into belief.

Once you reach that point, the direction of your emotions changes.

Before, you hated losing.
So you broke your rules to avoid losses.

But when your belief changes, deviating from the rules starts to feel worse.
More than the stop loss itself, delaying the stop loss creates strong disgust.
More than losing, contaminating the sample becomes something you cannot accept.

At that point, you are not enduring in order to follow the rules.
Breaking the rules itself becomes unacceptable inside you.

■ "I Know Rules Matter, But I Still Cannot Follow Them"

Many people say this.

"I know rules matter in my head, but when I actually trade, I still cannot follow them."

No.

You do not know it yet.
You only know it as words.

If you truly knew it, your actions would change.
If you truly believed it, the direction of your emotions would change too.
If you had truly passed through a large sample size with your own hands, you would not start doubting the entire system because of one trade in front of you.

Knowledge loses easily to fear during live trading.
Understanding from only looking at data is still weak.
Agreement from listening to someone else explain it is still not yours.

Belief cannot be borrowed.
Belief can only be built with your own hands.

That is why traders who cannot follow their rules do not need stronger words.
They do not need more motivation.
They need to pass through rule based wins, rule based losses, and rule based losing streaks again and again with their own hands.

■ Do Not Try To Follow Rules. Build A State Where You Cannot Break Them

If you want to become someone who follows rules, look at the foundation of your belief before blaming your live self.

Have you truly tested those rules across a large sample size?
Do you know how those rules lose?
Have you experienced the losing streaks produced by those rules again and again with your own hands?
Do you know, not as words but as experience, what remains after repeating those rules?

If this foundation is weak, following rules will become a battle every time.

But once this foundation is complete, everything changes.

You stop trying to protect the win or loss in front of you.
What you protect becomes the rule, the sample, and the consistency.

At that point, not breaking your rules is no longer effort.
Breaking your rules becomes the unnatural thing.

There is only one way for traders who always break their rules to become unable to break them.

Go far enough that you can believe, with your own hands, that following your rules brings you closer to success than the win or loss in front of you.

When you reach that point, you will no longer break your rules to avoid losses.
You will start avoiding the act of breaking your rules itself.

📚 Content for serious traders
https://t.co/tMFssKR6Oz

Thank you for reading.

[Ben Southwood @bswud]

The entire modern world, including capitalism and industrialisation, happened because we beat NIMBYism and vetocracy in 18th-century England.

Today, the vetocracy, the stakeholder state, the NIMBYs stop us building the nuclear power plants, railways, houses, towers, bridges, roads, gas turbines, solar panels, and powerlines that we need for growth.

Then, they stopped people from consolidating their land, transporting goods freely, investing in irrigation, and mortgaging their property to invest. The events that led to their downfall are called the Glorious Revolution. I think we can repeat what they did and have another Glorious Revolution of our own.

https://t.co/5PrKLK1nah

Early modern Europe was sclerotic, stifled by NIMBYs of its own: the aristocrats, guilds, and clergy who stood against the reforms that were necessary for 18th-century progress. Everyone knew that inheritance rules split land up too much, everyone knew that common land was overgrazed, everyone knew that property rights restricted making best use of land, labour, and capital.

Each one of them decided the answer was consolidating power in an absolute monarch. Each one of them failed completely. They didn't crush the NIMBYs: the NIMBYs crushed them.

One country launched itself into rapid growth, creating the industrial modernity we live under today: England. It did this, as everyone agreed was necessary, by overriding the tangle of landowner property rights that prevented best use of land. But it tried something almost unbelievable: to get the landowner NIMBYs to crush themselves.

England did not attempt to set up an absolutist state: quite the opposite. It gave landowners supreme power, and they used it to crush their fellows: the minority of landowners who were opposed to progress.

There are lessons for today. Many modern reformers think that the answer to NIMBYs is demonising them, trying to build an angry coalition of forces who hate homeowners or boomers or Republicans or environmentalists. But many of the most successful reform schemes operating around the world today try a different tack: bring a majority of homeowners onside, and it is much, much easier to crush the remaining NIMBYs.

We can still learn from England's Glorious Revolution.

Read my latest article, with historian Kara Dimitruk, in @WorksInProgMag.

[Milk Road AI @MilkRoadAI]

This is WILD!

Ray Kurzweil, the futurist who predicted the internet, smartphones, and AI says aging ends by 2032 (Save this)

Kurzweil, now 78 years old, told a live audience that humanity will reach longevity escape velocity by 2032 and he explained exactly what that means with mathematical precision.

Right now, for every year you live, you get back approximately five months of life expectancy from medical and scientific progress meaning you are losing roughly seven months of net life per calendar year.

Longevity escape velocity is the threshold where that ratio flips, for every year you live, you get back a full year or more from scientific progress, meaning your biological clock starts running backward.

Kurzweil's prediction is that threshold hits by 2032 and beyond that point, you do not simply stop dying of aging, you actively get younger every year.

The mechanism is AI-driven drug discovery at a scale that was physically impossible five years ago.

By 2030, Kurzweil argues, AI will be able to take a biological problem, generate millions of potential drug candidates, screen all of them, and run trials on simulated digital populations compressing decades of clinical research into weeks.

This is already happening.

David Sinclair's lab at Harvard used AI to virtually screen 8 billion molecules against aging targets and is now preparing human trials moving from $400,000 gene therapies toward a $100 pill that can reset biological age by 50 to 95% in four weeks.

Sinclair has already demonstrated the ability to reverse aging in mammals restoring sight in mice with optic nerve damage and reversing Alzheimer's symptoms in lab models.

Kurzweil's track record is what makes the 2032 claim impossible to dismiss.

He predicted the internet's global dominance in 1990, the defeat of a world chess champion by a computer in 1998, pocket-sized devices as primary communications tools in 1999, and AI passing professional exams in the mid-2020s, all before anyone else was saying it publicly.

If you are under 60 and in reasonable health, his message is stay alive, stay healthy, and get to 2032.

The tools on the other side of that date will be unlike anything medicine has ever produced.

[Taya Bass @travelingflying]

Elon Musk:”You get taxed on what you earn, you get taxed on what you buy, and you get taxed on what you own. And what does it get spent on? A bunch of stuff you don’t even agree with.

That’s why we need to reduce the size of government, spend less money and let the people keep a lot more of their hard-earned money.”

[Wall Street Apes @WallStreetApes]

Kimbal Musk explains United States Government wants to pay $1 billion dollars per rocket launch

SpaceX came along and said no, the price is way lower at only $50 million

US Government pushed back and wanted the cost $1 billion dollars per launch

“Government would say, "But we'll pay you $1 billion. We just want you to do it our way." No, but that's the wrong way. You have to do it this way. It's $50 million. We were very happy with that price. The government was like, "No, we don't want that." And we actually couldn't believe it. We're like, "But you must want it for a lower price." Actually, they didn't care that much about price.”

Basically it works like this

Old defense contractors can spend as much as they want and the government will pay that amount plus 10%. That means they have an incentive to make the launches as expensive as possible

SpaceX said here’s a fixed price of $50 million and if we can do it cheaper then we can keep the extra money

This is a much better incentive system because it saves taxpayers a huge amount of money and SpaceX gets rewarded for making launches cheaper

[The News Agents @TheNewsAgents]

"Starmer is dead, he has no personality".

"Kids were shouting 'send them back'".

"We are breeding hate".

The people of Makerfield give their verdict hours out from historic by-election.

@maitlis @Moreincommon_

[Rafe Heydel-Mankoo @RafHM]

Only idiots and Britain haters blame Churchill for the Bengal Famine

This myth only became popular in 2010 after a ridiculous book was published by a far-left journalist with no historical training

This is what REALLY happened:

1. A cyclone hit Bengal in 1942, destroying crops

2. They were already suffering from the worst rice brown spot epidemic on record

3. Normally in a famine grain would be imported from Burma, Malaya, Phillipines, Thailand etc. But WW2 ws raging and our Japanese enemy now controlled those areas

4. The Japanese had bombed Indian ports, which also destroyed grain

5. Shipping grain in was hugely dangerous because Japanese fleet was blockading the Bay of Bengal and sinking ships
Remember, the Axis powers were sinking one ship every day and had sunk around a million tons of shipping in 1942.

6. On top of that local Indian speculative traders were unforgivably HOARDING grain. With inflation rife, this was classic wartime speculation as they could make (and expected to make) much more money by hoarding rather than selling immediately.

7. Local government and administrators were slow to act and initially told the UK government there was enough grain in Bengal.
One can blame the democratically elected Government of Bengal, people like Huseyn Shaheed Suhrawardy (Minister of Civil Supplies for the newly formed Muslim League) and Sir John Herbert (the Governor of Bengal) for exacerbating conditions in the Bengal Famine. But not Churchill.

What did Churchill do? Everything he could.

Remember also, he was thousands of miles away in a different continent fighting the Second World War and preparing for D-Day.

Yet despite all his other commitments he worked hard to save the people of Bengal.

1. When the British government found out about the famine’s severity in August 1943, they authorised around 1 million tons of grain to be shipped to India between then and December 1944.

2. Churchill pushed Australia to send wheat

3. Churchill personally requested shipping assistance from U.S. President Roosevelt in April 1944 to transport it from Australia. Roosevelt declined, stating US ships were needed for the Pacific campaign and the upcoming D-Day operations.

4. Thanks to Churchill grain arrived from Iraq (barley), and Canada as well as Australia.

5. Crucially, Churchill was responsible for appointing the man who played such a pivotal role in stopping the Bengal Famine: Field Marshal Wavell. Wavell knew India and its people extremely well and was a magician of logistics. He drafted in the army to move food supplies and halted the famine.

Why are tax payers funding Helen Cammock's ignorant, anti-British propaganda at the @NPGLondon?

[Steve Loftus @LoftusSteve]

There's a @Telegraph story today that the EU reset would see British Taxpayers subsidising EU electricity consumers.

I hate to break it to you, but we already do.

In the last year alone we sold 975GWh to DK, NL, FR and BE at a £58 million loss against wholesale cost.

👇

[Aristotle 🏛️ @Aristotle7777]

Aristotle correctly pointed out that democracy is only possible within ethnic groups, and that tyrants import foreigners because divided societies are easier to rule over and control.