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We went through the 2008 financiy crisis and this is what people think is a good idea? How long before people are trading options on risk weighted batch of peo

We went through the 2008 financiy crisis and this is what people think is a good idea? How long before people are trading options on risk weighted batch of people? Leveraged buyouts if whole specialties? Movement controls to enforce greatest P/E? "I'm sorry sir, you can't leave the country without presenting a Holiday Risk Bond. Perhaps a Virtual Vacay is more affordable?" And most of all: you, as an individual, have almost no information about the market, and are almost certain to get a bad price. Anyone who thinks they are good at this should practice buying a new car. Once you get to the final sale price, with no finance, demand another 9% off. If you can get that, and the car isn't a lemon, you're ready to negotiate for a well understood commodity. Selling people futures, when you've just given them capital up front with the goal of enabling higher returns, is less understood, though of course there are many immigrants who do just that. But already wealthy people? It seems much less certain.

TimJRobinson 6y ago
> How long before people are trading options on risk weighted batch of people? Lol I actually love this idea. Funding an ETF of people who want to move to SF to start a career in tech, or LA to start a career in acting. Diversify your risk and support some people with potential. Could have an acting school equivilant of ycombinator and you can invest in all each batch and get a return if some succeed. If we want a metiocracy this could help build it, by giving more capital to those who have potential but are disenfranchised by existing institutions.
- angry_octet 6y ago
  Yes but remember 2008? All those loans that turned out to be sub-prime? All those complex risk products no one really understood? So, instead of Indian SWEs and 3rd sons of teachers you thought you were investing in for grad school, you're paying people to be swindled at Trump University and indentured training for long haul trucking. Meanwhile the YC30 talent bonds were sold to a select group of connected investors, and pension funds bought job lots of Invisalign techs from brokers making a steady commission.
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TimJRobinson 6y ago

> How long before people are trading options on risk weighted batch of people? Lol I actually love this idea. Funding an ETF of people who want to move to SF to start a career in tech, or LA to start a career in acting. Diversify your risk and support some people with potential. Could have an acting school equivilant of ycombinator and you can invest in all each batch and get a return if some succeed. If we want a metiocracy this could help build it, by giving more capital to those who have potential but are disenfranchised by existing institutions.

angry_octet 6y ago
Yes but remember 2008? All those loans that turned out to be sub-prime? All those complex risk products no one really understood? So, instead of Indian SWEs and 3rd sons of teachers you thought you were investing in for grad school, you're paying people to be swindled at Trump University and indentured training for long haul trucking. Meanwhile the YC30 talent bonds were sold to a select group of connected investors, and pension funds bought job lots of Invisalign techs from brokers making a steady commission.

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