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a_yawning_cat's profile
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@a_yawning_cat

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@a_yawning_cat

stray thoughts, loosely held. rat jaeger.

California, USA
aycat.substack.com
Joined December 2018

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    1. Daemonic‏ @daemonhugger Mar 12

      What's the biggest obstacle to earning more?

      7 replies 0 retweets 8 likes
    2.  🐈‏ @a_yawning_cat Mar 12
      Replying to @daemonhugger

      being envious instead of being greedy

      1 reply 0 retweets 0 likes
    3. Daemonic‏ @daemonhugger Mar 12
      Replying to @a_yawning_cat

      can you say more about the distinction? what does greedy mean to you?

      1 reply 0 retweets 2 likes
    4.  🐈‏ @a_yawning_cat Mar 12
      Replying to @daemonhugger

       🐈 Retweeted  🐈

      inspired by: https://twitter.com/a_yawning_cat/status/1362677135291207680?s=20 … envy compares with others while greed is possible in a vacuum. (as words, they blur a bit into each other in common usage)

       🐈 added,

       🐈 @a_yawning_cat
      "My Big Idea (one that is new, true and important) is that risk is generally not related to expected return because people are more envious than greedy, so there's no risk premium that comes out of the convexity of a utility function." http://falkenblog.blogspot.com/p/about-me.html  (h/t @falseworkidol)
      1 reply 0 retweets 1 like
       🐈‏ @a_yawning_cat Mar 12
      Replying to @a_yawning_cat @daemonhugger

       🐈 Retweeted  🐈

      greed allows you to take advantage of exponential compounding processes by accepting that there are inequality gaps that can't be bridged b/c of the way exponentials workhttps://twitter.com/a_yawning_cat/status/1366808416186867712?s=20 …

       🐈 added,

       🐈 @a_yawning_cat
      this is a kind of inequality. when ppl have access to different growth rates, the gap becomes bigger and bigger over time. pic.twitter.com/xIQyNt9BSy
      Show this thread
      3:33 PM - 12 Mar 2021
      • 1 Like
      • Daemonic
      1 reply 0 retweets 1 like
        1.  🐈‏ @a_yawning_cat Mar 12
          Replying to @a_yawning_cat @daemonhugger

           🐈 Retweeted  🐈

          but add envy into the mix and exponential processes are disrespected. lottery dynamics that are high volatility but low expected return are preferred over natural exponential growth. stupid things are done to "catch up" b/c of the perceived "unfairness"https://twitter.com/a_yawning_cat/status/1363742119458840576 …

           🐈 added,

           🐈 @a_yawning_cat
          here's why "wall street is greedy" can't solve the 'problem' because it is actually shadow projection:
          Show this thread
          0 replies 0 retweets 1 like
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