Why are people saying that short selling is immoral? You buy a stock if you believe a stock is undervalued, you short it if you think it is overvalued. In either case, you believe in something and take a risk based on that. Short sellers help price discovery and often uncover frauds like Enron. Short sellers take more risk and lose money more often than buyers, and short selling itself is not immoral.… read more “Short Selling Is Not Immoral”
Why Robinhood Stopped Trading on GME
This will probably be my least popular post ever, but the explanation needs to get out there for why Robinhood stopped trading on GME.
Selling a stock short is NOT illegal. It is a perfectly valid type of investment according to the SEC:
“D. Are short sales legal?
Although the vast majority of short sales are legal, abusive short sale practices are illegal.… read more “Why Robinhood Stopped Trading on GME”
Toddler Climbing Toy Indoor – DIY Framed Lumber
I built a toddler climbing toy for indoor use. It is very simple and just made from 2×2 lumber and closet dowel rods I bought from Home Depot. I think the total cost of the materials was $50-100. I cut the lumber to size, then screwed together everything. The base is 8′ long, the back side is 4′ long, and the long side of the triangle is around 9.4′ I believe.… read more “Toddler Climbing Toy Indoor – DIY Framed Lumber”
Tractor Shed Failure
I bought a $200 canopy on Amazon that turned out to be not very sturdy and kept blowing across my yard. I built a wood frame with my buddy, and secured it with big rocks based on another Youtube video I had watched. Unfortunately, my plan did not go well as you can see. I have learned from this and hope to build a actual framed tractor shed to replace it.
Best Ways To Increase Real GDP Growth Rate
In order of impact… starting with the very best opportunities:
- Eliminate patents, software copyright, and any other copyright outside of a short, maybe five or ten year period of copyright for creative like books, movies, music. Patents destroy competition and GDP growth and affect almost every industry heavily, preventing better and less expensive versions of goods from being released.
Opinion: Garry Kasparov on extremism and what happens next – CNN
Another reason to not buy bitcoin
On Spanking
Washington state law on corporal punishment of children (check your own nation or country as applicable):
Use of force on children—Policy—Actions presumed unreasonable.
It is the policy of this state to protect children from assault and abuse and to encourage parents, teachers, and their authorized agents to use methods of correction and restraint of children that are not dangerous to the children.
… read more “On Spanking” It is the policy of this state to protect children from assault and abuse and to encourage parents, teachers, and their authorized agents to use methods of correction and restraint of children that are not dangerous to the children.
Tesla Stock Valuation Question
Disclosure: I don’t own any Tesla and am not short Tesla… no affiliation in any way.
Question from my friend: “Thoughts on Tesla?”
My answer: “Vastly overpriced, sell it if you own it.
GM did $137b revenue last year and has a $60b market cap. Each $1 of market cap buys $2 revenue.
Tesla did $25b revenue last year and has a $768b market cap.… read more “Tesla Stock Valuation Question”
The most important problem of our time
How can we dismantle calcified, bad institutions? Special interests fight as hard as possible to prevent the dismantling of institutions that are either outdated, have failed, or are just inefficient compared to other possibilities.
It used to be that bad corporations would end up in bankruptcy and would be dismantled and make room for better new companies.… read more “The most important problem of our time”