ryandward

5 ms·

1.
by ryandward 6y ago
Yeah, before today I'd have likely dismissed such comments as "conspiracy theory" but, RobinHood literally disabled the ability to buy, or even search for these stocks on their platform.
2.
by ryandward 6y ago
The biggest flaw of conventional economic theory is that "people are rational".
3.
by ryandward 6y ago
Even as an econometrician, I would never call it dumb. It's a virtual incarnation of Occupy Wall Street. These guys are probably spending less than those who protested several years ago did. Heck, you can buy a stock and still go to wo
4.
by ryandward 6y ago
Nobody is gambling money away. The sentiment is that they are knowingly _throwing_ it away to send a message.
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by ryandward 6y ago
John Maynard Keynes quips that "in the long run we are all dead."
6.
by ryandward 6y ago
If I'm not mistaken, that's kind of the point. People are willing to throw money away to punish Wall Street.
7.
by ryandward 6y ago
Exactly -- reducing the barriers to market entry while increasing widespread market understanding reduces the _unique_ opportunity for arbitrage that Wall Street has enjoyed.
8.
by ryandward 6y ago
This emergent behavior seems a lot like DDOS, but in the stock market.
9.
by ryandward 6y ago
This kind of emergent behavior is reminiscent of DDOS attacks.
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by ryandward 6y ago
I agree, there might even be a correlation between "incorrect confidence" and creativity. It's important to note though that other countries have been dealing with the fallout of their bad mistakes for centuries, while the US
11.
by ryandward 6y ago
A few weeks back I went to the LibreOffice conference and the vibes were really encouraging. It is really a strange time we live in, where there are these fundamental structural changes in gatherings, bringing communities together in a tota
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by ryandward 6y ago
There's something fundamentally different that seems to cut cleanly along cultures. Growing up in a Mexican culture, I have always been taught to be chaste and pious, but it just isn't something I internalized. Instead, my peers w
13.
by ryandward 6y ago
That's the grim truth.
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by ryandward 6y ago
Something isn't adding up. I grew up about twenty miles from here in the 1980s and 1990s and never heard of this. How is this possible?
15.
by ryandward 6y ago
Maybe we can try to be nice to each other.
16.
by ryandward 6y ago
I guess it isn't news to me, but I'm running out of places for legit conversations and product recommendations.