We cannot blow up, we can only bleed to death, and bleeding to death absorbing the pain of steady losses is precisely what we are hardwired to avoid.
- @nntaleb
@uralwaysable@ArthurCDent @astigmatix @G_S_Bhogal As Karl Popper said about psychoanalysis they always come up for an explanation for failure, then ad-hoc the crap out of it. Or blame you for not knowing psychology or having narcissistic tendencies or problems with your mother.
People don't realize how ominous the word "central" in "central bank" is.
When you centralize money, government, academia, or anything it no longer is what it says it is.
They are out loud saying, "Hey, we want to control money,"
When they control money, they control you .
Alexander the Great's architect, Dinocrates of Rhodes, proposed one of the most ambitious monuments ever conceived: carving the entire Mount Athos into a colossal statue of Alexander.
According to the Roman architect Vitruvius, the design showed Alexander holding a city in one hand while the other held a giant bowl to collect mountain streams, creating a self-supplying water source. Alexander admired the proposal but asked a practical question: where would the city's inhabitants grow their food?
When Dinocrates admitted he had not considered agriculture, Alexander rejected the project, believing that even the grandest city could not survive without fertile land.
He later entrusted Dinocrates with designing Alexandria in Egypt, whose location was chosen for its excellent harbor, access to the Nile, fertile surroundings, and strategic position on Mediterranean trade routes.
#archaeohistories
Money used the wrong way corrupts.
Money used the right way weaponizes.
The righteous always believe they can spend the money righteously.
All it does is weaponize the righteous.
"I'm here to help" are some of the most dangerous words ever spoken.
1) The judgment of the free is the only one that counts. The rest has some element of propaganda.
2) Very, very few people are free.
3) In general, the more prominent the person, the less free. The janitor is freer than the politician/CEO.
4) Purity requires freedom.
To sleep well: hedge all your tail exposures. #RWRI
+ hide nothing from your enemies
+ pay all your taxes, show the IRS all your income mother of all tail risks)
+ be uncancellable
+ back up all your data
+ have some gold (and/or BTC) but not too much
...