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_Vimothy_'s profile
Vimothy
Vimothy
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@_Vimothy_

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Vimothy

@_Vimothy_

Joined May 2013

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    1. Mimetïc Value‏ @MimeticValue Jul 6

      Mimetïc Value Retweeted Eve Keneinan 𝛗 ☦️ن

      The highest value romantic liberal arts students seek is not monetary value. They don't care about money. They just want to feel alive and experience meaning. The previous role for this was religion. Now it's Marxism.https://twitter.com/EveKeneinan/status/1012389974883405824 …

      Mimetïc Value added,

      Eve Keneinan 𝛗 ☦️ن @EveKeneinan
      Our greatest minds have grappled with this problem—the Death of God or the Eclipse of God—for 200+ years. “We don’t need God! Man can create heaven on earth!” was the cry of the 20th century, particularly in Communism and Fascism. We know how THAT worked out.
      Show this thread
      2 replies 6 retweets 30 likes
      Show this thread
    2. Mimetïc Value‏ @MimeticValue Jul 6

      The danger here is that Marxism promotes misunderstanding of money. Religion was orthogonal to the understanding of money. Thus, man sought to escape the (sometimes beneficial) magical thinking of religion only to fall into far more harmful magical thinking.

      2 replies 3 retweets 19 likes
      Show this thread
    3. Mimetïc Value‏ @MimeticValue Jul 6

      Mimetïc Value Retweeted Mimetïc Value

      Be careful of which mental models you choose to use. Wrong doesn't mean stupid. Smart people can be very wrong. "We recognized early that very smart people do very dumb things, and we wanted to know why and who, so we could avoid them." - Charlie Mungerhttps://twitter.com/MimeticValue/status/1015402385714368512 …

      Mimetïc Value added,

      Mimetïc Value @MimeticValue
      Go back and reread this tweet. This is the point most people miss. These Marxist professors aren't stupid. They are very clever, knowledgeable, and charismatic when it comes to their jobs. If they weren't, nobody would fall for it. https://twitter.com/MimeticValue/status/1015397387337125888 …
      Show this thread
      2 replies 2 retweets 19 likes
      Show this thread
    4. Mimetïc Value‏ @MimeticValue Jul 6

      @nntaleb recognized that Marx was original: "The 4 most influential moderns: Darwin, Marx, Freud, and Einstein were scholars, not academics. It has always been hard to do genuine work within institutions." But remember not all original thinkers are correct or good.

      2 replies 3 retweets 24 likes
      Show this thread
    5. Mimetïc Value‏ @MimeticValue Jul 6

      "When hiring, look for 3 things: intelligence, energy, and character. If they don't have the last one, the first two will kill you." - Warren Buffett

      1 reply 13 retweets 44 likes
      Show this thread
    6. Mimetïc Value‏ @MimeticValue Jul 7

      When Marxists critique capitalism, they are criticizing consumerism and inequality, which are amplified through fiat and credit. Fair enough. But they fail to understand the mechanisms of sound money that can regulate levels of consumerism and inequality.

      2 replies 6 retweets 27 likes
      Show this thread
    7. Mimetïc Value‏ @MimeticValue Jul 7

      Labor theory of value is nonsense. Value is determined by a consensus network of reciprocal exchange. The underlying logic of money markets is mimetic. Marxists are materialist essentialists who fail to comprehend the mimetic nature of our desires.

      13 replies 8 retweets 39 likes
      Show this thread
    8. Vimothy‏ @_Vimothy_ Jul 7
      Replying to @MimeticValue

      underlying logic of financial asset prices is not solely mimetic else bubbles would never pop

      1 reply 0 retweets 1 like
    9. Mimetïc Value‏ @MimeticValue Jul 7
      Replying to @_Vimothy_

      1. Non-government controlled money is purely mimetic. 2. Bonds and stocks are not solely mimetic. 3. Mimetic theory accounts for bubble pops. Saying that it doesn't is like saying mimetic desires never lead to mimetic conflicts or the crisis event.

      1 reply 0 retweets 4 likes
    10. Vimothy‏ @_Vimothy_ Jul 7
      Replying to @MimeticValue

      1, money is just another liability with a non-pecuniary yield related to its liquidity. it's value can therefore be determined in the same way that any other asset can, after adjusting for this premium. 2, no financial asset is solely mimetic 3, how?

      2 replies 0 retweets 1 like
      Vimothy‏ @_Vimothy_ Jul 7
      Replying to @_Vimothy_ @MimeticValue

      liquidity is a yield which is non-pecuniary, ie not a cash-flow. the idea basically is that for a monetary asset you forgo some return in exchange for liquidity

      7:22 AM - 7 Jul 2018
      1 reply 0 retweets 0 likes
        1. New conversation
        2. Mimetïc Value‏ @MimeticValue Jul 7
          Replying to @_Vimothy_

          Liquidity is an attribute of money, it's what makes it possible to be a medium of exchange. Still not getting your point here.

          2 replies 0 retweets 1 like
        3. Mimetïc Value‏ @MimeticValue Jul 7
          Replying to @MimeticValue @_Vimothy_

          Money has no return on investment, it's not an investment. It's pure optionality and medium of exchange.

          0 replies 0 retweets 0 likes
        4. End of conversation

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