4 ms·
>but a lot of society is predicated on 99% of people not being jerks Maybe thats why the 1% are so successful then.
by pmalynin 11y ago
>but a lot of society is predicated on 99% of people not being jerks
Maybe thats why the 1% are so successful then.
- meric 11y agoBeing a jerk is like being (and very correlated to) short volatility[1]. Most of the time it's profitable. Every once in a while the world goes upside down, all the jerks are rounded up, have their stuff confiscated, tortured, and killed. - 1789 French Revolution (Aristocracy rounded up and killed) - 1911 Chinese Revolution (Ruling class rounded up and killed) - 1917 Russian Revolution (Ruling class rounded up and killed) - 1966 Chinese Cultural Revolution (Landholders rounded up and killed) - 2003 Iraq War (Ruling class killed) - 2011 Libyan War (Ruling class rounded up and killed) [1] Buy short volatility with SVXY https://www.google.com/finance?q=NYSEARCA:SVXY https://www.google.com/finance?q=NYSEARCA:SVXY
- rtpg 11y agoI would say that most of the jerks are not among the most successful people (though perhaps there are more jerks than non-jerks up there...)