@DefiantLs It is always interesting to me to see how some people see a problem, analyze it, and then determine that the root problem is an inanimate object and that somehow removing inanimate objects from society will fix the issue.
Peter Lynch, the man who turned $20 million into $14 billion running Fidelity's Magellan Fund, averaging 29.2% annual returns for 13 straight years (Save this).
And his most famous lesson is the simplest one: "Know what you own, and know why you own it."
He's talking about something that happens every day, people spend hours researching which refrigerator to buy.
They'll spend days hunting for the best airfare deal to save $50 then they'll hear a stock tip on the bus and drop $10,000 on it without a second thought.
"The reason I own this is the sucker is going up" Lynch said that's the actual answer he gets when he presses most investors on why they own a stock and that, he says, is not a reason.
His test is brutal and simple, if you can't explain to a 10 year old in two minutes or less why you own a stock, you shouldn't own it because if you don't understand the business, you have no idea when to hold, when to add, or when to sell.
You're just riding price movement blind.
This is why most retail investors lose money not because they pick bad stocks but because they panic out of good ones during normal volatility.
When you don't understand why you own something, every 10% dip feels like a reason to sell.
Lynch built his entire career on the opposite approach, find simple businesses, understand exactly what they do, know why they'll be worth more in five years, and hold with conviction while everyone else panics.
The most important thing isn't your stock screener or your price target but rather being able to look at what you own and say, I understand this, I know why it goes up, and I can handle it going down 30% without losing my mind.
@the_jefferymead The issue seems to me to be that a lot of people are not paying attention or are simply not interested in learning more. It is much easier to just be outraged. Anger is easy, it takes effort to understand what is going on around you and some people cannot be bothered with that.
People are starting to wake up and ask the right questions.
Democrats are NOT incentivized for Black Americans to do better. The ongoing cycle of struggle among Black Americans benefits their political power.
Once Black Americans are thriving and less focused on racism, Democrats will actually have to offer something of real value.
@BretWeinstein It seems to me that many people are emotionally compromised. They are letting their anger and spite dictate their actions instead of making a rational decision.
It looks to me like social media is actually devolving some humans.
@ScottAdamsSays If you can use AI that is specifically trained on targeted information to limit hallucinations, this could be useful. I can see how it plus the Internet could easily replace traditional education.
I always found Khan Academy more useful than what my children were using.
@ThomasSowell Committing a crime, in fact, does make you a "criminal".
I maybe get her point but her wording is poor. My guess is she is trying to say that changes need to be made to make the conditions these people live in such that they no longer need to commit "crime" to survive.
@stevenmarkryan There is always a cost you may not just see it directly. I'm curious about this belief that humanity will elevate itself if this happens. This contradicts what I have observed of basic human nature.
Smart phones have made everyone dumber. AI is accelerating the problem.
@OwenGregorian These products already exist. They are on Amazon. Just search ear bud translators and you will get a litany of them ranging from $40 to $400 with different capabilities.
Hope this helps.
@DefiantLs Blaming an inanimate object for the actions of an individual is an odd take, I do not understand it. America has always been armed to the teeth, that is not new.
What is new is the amount of people thinking it is ok to murder, to me this is the obvious factor to look at.
@ComicDaveSmith In the past when a nation is being devastated to this level that nation will normally accept an unconditional surrender in order to save its people or some semblance of its country. Maybe they shouldn't surrender, I don't know. But there is more than one side in this conflict.
@ScottAdamsSays Every system inevitably develops corruption and the larger the system the more likely it is to have corruption. The most effective government though is small government. Less bureaucratic layers means more work gets done.
X in 2025:
If you look for drama you will find drama.
If you look for knowledge you will find knowledge.
Drama stays broke. Knowledge compounds.
Choose wisely.
@TRHLofficial This is good advice for processing any information you consume from any source. Always be skeptical and curious enough to find out more. If you are unwilling to this, you should probably avoid consuming most information because everyone is trying to influence you.
@lizbennetlez@PorterReporter9@the_jefferymead The electoral college exists because the United States was created as a republic, not a democracy. The system was designed this way intentionally to protect individual liberties not democratic equality. It helps to guard against the ever encroaching soft despotism.