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We thought religion had no real influence on peoples and cultures, so we failed to recognize the religious nature of the conflict.
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I.T. grunt, barking at the moon.
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We thought religion had no real influence on peoples and cultures, so we failed to recognize the religious nature of the conflict.
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The majority badgered and bullied the holdout juror who didn't 'trust the experts' on the 'science' of postpartum psychosis. Sound familiar?
Read The New Boss Came With Factory Settings
Boss: "What? You'll just do nothing?"
Me: "Not nothing. I will rest."
Boss: "That's it? Just lazing about—"
Me: "—Resting is an activity that is important for my health. I intend to eat, sleep, exercise, and play board games with my children."
If you can manage a car factory, you can manage a hospital emergency room.
Florida
A young woman rushes in with a puppy tucked under one arm. After the preliminary check-in process:
Owner: "I'm really worried. He's barely eating."
Vet: "How long has this been going on?"
People noticed today that Capital One now has official PDF Benefits Guides for their Venture, Savor, and Quicksilver cards using the Discover network.
It appears from the benefits page that the bank might be moving over their Venture, Savor, and Quicksilver cards to the Discover network. Currently, these cards run on the Mastercard payment network. (Note: the Venture X consumer card is not specifically mentioned on that page at all.)
This comes after the merging of Capital One with Discover. And the issuance of all Capital One debit cards as Discover cards.
For now nothing has changed, but it’s a bellwether to Capital One shifting their cards over to the Discover network, possibly soon.
The same page still shows the Capital One business cards (including Spark and Venture) and their cobranded cards as Mastercards. And so apparently don’t have any plans of moving those to the Discover network soon.
Hat tip to reader FamilyTravelJohn
However you feel about it, it makes sense that Cap1 would move their domestic-use cards to Discover network while leaving their international travel cards with Mastercard because of their wider acceptance.
Florida
Michael Burry, of “Big Short” fame, recently shut down his hedge fund and started a Substack with an educational goal. I enjoy following his musings because he’s not afraid to say what he thinks, even if I often don’t agree (or have any idea what he’s obliquely referring to). He recently posted a “foundational” article that is supposed to show his thinking process, with a familiar beginning:
For those that do not trust anything analog, since 1990, there have been over 750 replacements in the S&P 500 Index. Google’s Gemini 3 Pro swears by it. Claude Max agrees.
Gemini 3 Pro and Claude Max further propose that 45% of the top 20 names in the 1999 NASDAQ 100 ended up bankrupt or acquired after a >75% loss. This checks out, my conference room says.
Capital is always fighting to be recycled.
Thusly, you now carry the knowledge that most investors are best off in an index – and have no need to invest in individual stocks.
If one is rather young and has 50-70 years left, then one absolutely should be almost entirely invested in common stock indices, preferably the S&P 500 or the Nasdaq 100 or both. Live life, touch grass, achieve real things, automatically reinvest dividends, and let the compounding of the Index Gods do the work. Maybe not this very day, but over time, this is the way for most.
Of course, some of us just do…not…want…easy.
For them, well, their God gave them GameStop.
He then goes very deep into how he analyzed GameStop and through skill and smarts, of course made some nice returns on the trade.
This is the central humblebrag of professional investors. *You* should index, but here’s what *I* do instead. If you are a motivated person who studies investing with an honest and open mind, you realize that you probably shouldn’t really be actively trading. But if you are a motivated person who studies investing, you probably think you are in the tiny minority that can make money reliably with actively trading. Smart enough to turn off “easy” mode.
This is the central struggle for all individual investors. The problem with “easy” is that it is also boring and often slow. Meanwhile, your Robinhood app or equivalent will happily sell you:
- Crypto, including memecoins that have zero utility.
- Gambling, err “Prediction markets” on this weekend’s NFL game.
- “Dividend” ETFs with a crazy 12% yield that some think will last forever.
- Aggressive options that can lose all your money within days.
- “Boomer candy” ETFs that promise stock-like upside with zero downside.
- Index “Plus”. Index with extra ketchup. Index minus the ketchup. Just 25 basis points extra!
I spend a lot of my own time doing just this – reading across various corners in the investing world but repeatedly convincing myself to pick “easy”. I’ll read this article and enjoy it (update: it appears to have gone from free to behind a paywall since this writing), but I don’t need to analyze GameStop.
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