star_wraith [he/him]

  • 36 Posts
  • 439 Comments
Joined 4 years ago
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Cake day: August 2nd, 2020

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  • Because the market processes all information at a speed that makes regularly beating the market impossible; and literally every investor on earth is looking for an “edge” at the same time. The stock market is “efficient” from the standpoint of, any profit you can make by trading on new information vaporizes in a nanosecond.

    I use quotes around the word “efficient” because I’m NOT implying the stock market is efficient from a Marxist or resource allocation perspective. Just that today’s stock prices reflect the sum of all information that we have about a given stock up to the moment.

    The outperformance of index funds is largely due to their lower expenses and the fact that money managers, just by trying to beat the market, often do the wrong thing.


  • grossly mismanaged the pandemic (killing a lot of people), did horrible stuff for the environment, passed a bunch of shit laws, including repealing net neutrality, deported a bunch of ppl for no reason, and he supports isreal

    All that is literally and precisely what Biden has done, too (except net neutrality I guess, but you’re also leaving out Biden signing off on the biggest expansion of the surveillance state since the Patriot Act).

    He fucked over queer people in the us

    Lots of queer people on Hexbear, ask them if the barest crumbs Democrats throw to queer people (i.e. doing nothing to stop anti-queer actions, but not being the ones to propose the laws) is worth supporting genocide.

    increased the federal debt by 7 trillion

    Imaginary number doesn’t matter.

    You seem well-meaning, so let me put my cards on the table: I don’t believe in validating the invalid dictatorship of the bourgeoisie by voting for anything beyond the local school board and various propositions, so it’s not like I’d be voting for Biden anyway. But what I don’t get about when libs push leftists to vote for Biden is… at what point does someone committing heinous acts mean that not voting for them is the only moral action? If Joe Biden murdered my daughter, would I not be in the right to say I wouldn’t vote for him? Even if in this weird scenario Trump also would have murdered my daughter… at what point do we measure someone by what they do and not what the other person would have done? And it doesn’t matter if my kid isn’t actually involved, I have seen enough death and sadness from parents and children in Gaza that the fact that it’s not my kid is totally and completely immaterial to me.








  • I remember seeing a couple conclusions that some nuclear scientists came to recently:

    1.) 100 Hiroshima-sized nukes (the nuke dropped on Hiroshima was tiny compared to current nukes) going off could cause catastrophic climactic results across an area the size of a continent, i.e. a continent-wide nuclear winter that would potentially lead to hundreds of millions of deaths outside of lives lost to the immediate blast + fallout.

    2.) If the US and Russia both unleashed just 5% of their total nuclear stockpiles, you are definitely wiping out civilization and getting humans down to close to extinction levels.

    IIRC a lot of this is worse than previously understood because past models didn’t account for just how much dirt and debris are kicked up in nuclear blasts.








  • Yes. J Arch Getty - a legit Soviet historian who is a lib but is still very fair to Stalin IMO and generally very USSR-friendly - once said that Furr understands the material in the archives, but he just comes to really weird conclusions.

    I think Furr is fine as long as you know you’re getting an apologist more than a historian. There’s a place for that. Furr himself admittedly (on the Proles pod) he thinks Stalin did nothing wrong. If you approach history from that angle you’re going to have blind spots. IMO skip Furr and go to Losurdo.