benjaminklick

4 ms·

1.
Blockchain Social Media(ristforever.com)
3 points by benjaminklick 6mo ago|2 comments
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by benjaminklick 6mo ago
A social media where posts are permanent. Edits are guarded against via cryptographic signature. Deletes are guarded against via chaining. I think, with identity verification, permanence massively increases the quality of discourse. Such i
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by benjaminklick 7mo ago
Damn, what?! I didn't know the UK rates were higher. But yeah the old Vanguard brand that Bogle built is strong.
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by benjaminklick 7mo ago
Permanent summary of my thoughts here: https://ristforever.com/rist/ea70058d-ab78-45e7-81f9-b3a5dce... You can be held to your words too!
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by benjaminklick 7mo ago
And what happens if active fails? Then passive would take the hit even though people go with Vanguard specifically for the low-risk passive.
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by benjaminklick 7mo ago
It's high risk. Sure, if active funds succeed. But active funds fail more often than they succeed.
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by benjaminklick 7mo ago
I mean even $100 annually compounds to be tens of thousands over a lifetime. Furthermore, Vanguard manages like almost 10 trillion so that ends up being nearly a billion extra extracted per year. My main issue though is that Vanguard's
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by benjaminklick 7mo ago
Absolutely. Fidelity has been closer to Vanguard's historical reputation than Vanguard itself in recent years.
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by benjaminklick 7mo ago
Fair point. My thought is they are clearly spending money on tons of people they wouldn't have to if they were strictly passive. Presumably, if they didn't, the fees would be lower than they are now.
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Jack Bogle would hate what Vanguard has become(ristforever.com)
25 points by benjaminklick 7mo ago|27 comments
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by benjaminklick 7mo ago
rist.pages.dev wouldn't go in link due to two dots, sorry.
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J Epstein Perma Twitter
2 points by benjaminklick 7mo ago|2 comments
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by benjaminklick 7mo ago
Literally everybody just cheats with AI