People severely, severely misprice and misunderstand risk.

Climate change is a good example. If there is even a 0.25% chance that climate change will be as damaging as the worst predictions, it’s worth spending quite a lot of money to ameliorate it or prevent it. And arguing that there is not even a 0.25% chance is frankly fucking stupid given the history of our planet and the science available now.

Climate change is only one example — risk is mispriced in house purchases, retirement plans and so many other areas.

By the way, for climate change if it is as relatively-harmless as even the most rosy scientifically-valid but also unlikely-to-occur predictions, it still means spending hundreds of billions a year.

Yup:

Merkel: marriage is between a man and a woman
Trudeau: I support DAPL
Macron: Africans are uncivilized
Liberals: we need even more centrists

— Run the Jules 🇲🇽 (@SubcomandanteX) July 10, 2017

A bit shocking how delusional and clueless those older than 45 or so are about the experience of younger people in the economy.

my fiance has a degree in biotechnology and cytogenetics and worked at bed bath and beyond and older people would always ask him, “so did you go to college?” and when he said yes and told them his degree they would say, “wow!! then what the heck are you doing working here??” and if that doesn’t tell you how disillusioned and ignorant the older generations are to the situation many millennials are in right now i don’t know what will

So lucky that I strayed into a field at exactly the right time where jobs were relatively plentiful and for which fancy degrees were not required.

My life has been a series of lucky decisions. Yes, some skill — but honestly, mostly luck.

Isn’t it, though?

This tweet is all truth.

incredible that half the NYT op ed page is just bored and vaguely horny dudes just kind of rambling about sandwiches they ate or TV they saw

— Tom McKay (@thetomzone) July 12, 2017

The NYT opinion pages and their spew are worse than the opinion columns that appear in local small-market papers named after cattle.

USA #1!

it was hands down one of the best, most thoughtful shows on TV and it deserved an Emmy for its final season

— Sarah Jones (@onesarahjones) July 13, 2017

Oh yes. The Leftovers. So sad it’s over, but glad it did not drag on and become enervated and repetitive for eight seasons or more.

Carrie Coon’s monologue in the final episode is all of humanity in a few hundred words. She is disturbingly good. Just so captivating, mesmerizing, convincing. Acting as a force of will. Shared dream; the art she builds is built with you too and that’s what makes her great.

Things that frequently got me beat up in North Florida:

1) Liking and befriending girls, and treating them as people, not as interchangeable mindless sex objects.

2) Being friends with black people.

This isn’t a complete list. I don’t have time to type all the “reasons” I got my ass kicked over the years. And ya’ll don’t have time to read 100,000 words.

But the above was two big reasons that I found myself in the dirt over the years. Sometimes, the other guy found himself there, too, but it took me a lot of fights to get good at fighting.

3 % rates means RE prices 25 % lower

— James Marsh (@JamesMarsh79) July 12, 2017

I’d guess more like 15%, but it won’t be small.

Real estate is a bubble, but not a mega-bubble like 2006. We’d considered buying recently, but glad in retrospect that we did not.

I had seven meetings yesterday.

I have seven meetings today.

At least today no one scheduled a meeting during my lunch time because they were unable to find any other free block on my calendar.

When, you might ask, is any work supposed to occur on days like these?

My friends, I have no idea.

FML.