@jedimarkus77 Had similar convo with family member who's an epidemiologist and she said, although that's often true at an individual level, at the population level it is useful...must admit I wasn't sold, but she is a professor :)
Everything Fauci told us was a lie.
He lied about:
-Funding the creation of Covid virus
-Herd immunity & Natural immunity
-Vaxx Stopping transmission & contraction
-Early treatments: Ivermectin & hydroxychloroquine
-Lockdowns
-Masks
-Children needing Vax
- Severity of Covid virus ( death rate for people under 70 was 0,04%)
Everything Fauci said about Covid was a lie. Not that he “didn’t know” or that the “ science was evolving”, he knowingly lied & purposefully misled the public.
Tbf though France from North to South has a 10 degree average difference, and the variance to the mean in the south in mid-summer is big. So yes, it's hot - humans will adapt as they always do.
What do you propose is done about it that will actually move the dial, and most importantly, is practical to implement and affordable? I wish there was more push against pollution generally, because I think more of the population would get behind that movement as they're all individually affected by toxic chemicals. That would get more momentum I believe, which ultimately leads to less use of fossil fuels.
Our global population has quadrupled in the last 100 years, and grown about 25% just in the last 20 years, which obviously puts huge demands on cheap resources in fast growing economies.
Tomorrow I'm publishing a piece on what it actually means to buy a stock at 10 times sales.
Here's the chart that started it.
Sort the entire S&P 500 by price-to-sales. Most of the index sits in the normal range, 1x to 8x. The way a normal market looks.
Then one bar towers over the rest. 51% of the index's market cap trades above 10 times revenue.
Not a frothy corner. Not one hot sector. Half of the benchmark inside most pension funds and retirement accounts.
In 2002, that exact multiple made the CEO of Sun Microsystems call his own shareholders irrational. "Do you realize how ridiculous those assumptions are? What were you thinking?"
That was one company.
Today it's half the S&P 500.
The math, the history, and what comes next. Tomorrow.
Just put my systematic trading handbook live on my website.
24 chapters, start to finish: what an edge actually is, building in MT5, backtesting without fooling yourself, the overfitting trap, position sizing and the maths of ruin, then going live and managing capacity.
I also dropped a free resources page: the MQL5 order-splitting code I run live in XAQP, which cuts market impact and lifts a strategy's capacity ceiling.
I wrote it all as the thing I wish someone had handed me when I switched from discretionary to systematic.
Link in bio.
If you want to read more of my work, please consider subscribing to my Substack for weekly publications.
@zntrading Completely agree, sounds like you did it perfectly. I wonder if there's an inverse relationship between amount spent on the wedding relative to income and longevity of marriage!