By Gene Healy
Politics makes us worse because “politics is the mindkiller,” as intelligence theorist Eliezer Yudkowsky puts it……. we indulge our tribal hard-wiring by picking a political “team” and denouncing the “enemy.”
But our atavistic Red/Blue tribalism plays to the interests of “individual politicians in getting you to identify with them instead of judging them.”
……..We’ll get more of the same, Yudkowsky argues, until “Republifans and Demofans … stop enthusiastically cheering for rich lawyers because they wear certain colors, and begin judging them as employees severely derelict in their duties.”
via Down with politics | WashingtonExaminer.com.
Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters.
Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis.
Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008/2009 and 2020 bear markets well ahead of actual events.
He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.