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vgr's profile
Venkatesh Rao
Venkatesh Rao
Venkatesh Rao
@vgr

Tweets

Venkatesh Rao

@vgr

Conversational account. For work follow @ribbonfarm, @breaking_smart, @artofgig. Tweets are 90% vacuous views, apathetically held. Mediocritopian. IKEA builder.

Los Angeles, CA
venkateshrao.com
Joined August 2007

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    1. Venkatesh Rao‏ @vgr May 2
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      Here’s a small glimpse of why I dislike what large concentrations of money does to humanity. Say you gave a 3rd gen failson sitting on 100 million with no ideas. So, he sounds on yachts, booze, prostitutes, whatever. You could argue that the “dumb money” gets smart 1 degree out

      2 replies 8 retweets 35 likes
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    2. Venkatesh Rao‏ @vgr May 2
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      1 degree out, the $ goes to yacht designers, bartenders, etc. So damage seems low. One person living a life I would not want for myself. But who am I to judge. Except it’s not just one person. Hundreds of people are living lives shaped by the logic of 1st order failson spending.

      5 replies 7 retweets 59 likes
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    3. Venkatesh Rao‏ @vgr May 2
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      Would they do something else more fulfilling with their lives if their best option hadn’t been pandering to unimaginative failson’s miserable idea of a good life?

      2 replies 5 retweets 52 likes
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    4. Venkatesh Rao‏ @vgr May 2
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      The economy is often compared to a large distributed computer (correct). It is often assumed to be an efficient computer under some narrow conditions (also kinda correct). What is not often talked about is — who programs it and for what. And the answer to that is not pretty.

      3 replies 20 retweets 108 likes
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    5. Venkatesh Rao‏ @vgr May 2
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      It is programmed by the stewards of the largest, slowest piles of money. Each dollar you hold is like a right to one cpu cycle. Even governments can’t alter this landscape wholesale. Only reshape it in certain known ways.

      2 replies 7 retweets 76 likes
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    6. Venkatesh Rao‏ @vgr May 2
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      It’s like if your family had one tv and the tantrummy 5 year old insists on controlling the remote and will only allow the tv to play his favorite kid cartoons on endless repeat. It’s a powerful device but can do only a fraction of what it is capable of.

      1 reply 5 retweets 59 likes
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    7. Venkatesh Rao‏ @vgr May 2
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      That’s what even an ideal efficient market controlled by large capital piles is like.

      1 reply 5 retweets 41 likes
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    8. Venkatesh Rao‏ @vgr May 2
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      I don’t mind spending a reasonable fraction of my time thinking about my personal finances. Cost of doing the business of living life. But i grudge every minute I have to devote to modeling and predicting consequence of existence of large piles of tens/hundreds of billions.

      1 reply 3 retweets 38 likes
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    9. Venkatesh Rao‏ @vgr May 2
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      If I’m consulting for a company that makes widgets its because I am interested in widgets. Not in the psychology of a dozen bores who own the PE company that bought the widget company and don’t give a shit about widgets.

      1 reply 5 retweets 57 likes
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    10. Venkatesh Rao‏ @vgr May 2
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      I hate that any sufficiently important and interesting project turns into a “money psychology of boring people” project if you give it long enough. Kinda like how any social media product turns into a messaging app if you give it enough time. So everybody has to think about that.

      4 replies 10 retweets 115 likes
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      Venkatesh Rao‏ @vgr May 2
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      One of my weird influences is Alberto Moravia’s Time of Desecration, which I randomly read as a teenager because it happened to be around. Not the sort of book I’d pick myself. But the theme of desecrating money stayed with me. https://www.nybooks.com/articles/1980/08/14/moravias-victims/ …pic.twitter.com/htlluIydMV

      7:07 PM - 2 May 2020
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      • Karl Unchained Dan listens to the last days of the first days Matthew Sweet Bunny Baseline Peter Regan Vanse 🟢 ian m hines 𝕓𝕒𝕤𝕖𝕕/𝕚𝕟𝕕𝕚𝕘𝕠-𝕡𝕚𝕝𝕝𝕖𝕕 Greek Stav
      9 replies 4 retweets 44 likes
        1. New conversation
        2. Shorting Everything‏ @Dasdorian May 2
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          Replying to @vgr @leashless

          @threadreaderapp unroll

          1 reply 0 retweets 0 likes
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        2. Randall Moeller‏ @randallmoeller May 2
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          Replying to @vgr

          The most dramatic act of desecration I’m aware of is https://en.wikipedia.org/wiki/K_Foundation_Burn_a_Million_Quid …

          1 reply 0 retweets 2 likes
        3. Go BRR‏ @idlebell May 2
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          Replying to @randallmoeller @vgr

          Wow. Hage not read a wiki like that in a longtime. Strangely proves @vgr original point.

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. Robin Hadley Ketro‏ @RobinKetro May 2
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          Replying to @vgr

          Interesting thread but especially how a random book laying around affected your thinking for decades, that kind of thing fascinates me. I wonder what random reading affected others?

          0 replies 0 retweets 0 likes
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        1. Paras Chopra‏ @paraschopra May 2
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          Replying to @vgr

          Well, just like gravitational lensing is a side effect of GR which is not bendable by human will, financial lensing is also a side effect of what we’re programmed to do by evolution - chase status. It’s also not bendable by will. All one can hope for is to keep avoiding it.

          0 replies 0 retweets 2 likes
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        1. New conversation
        2. Surendra Vijendrachar  🇮🇳 🇮🇳 🇮🇳‏ @SurendraVijen May 2
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          Replying to @vgr

          A Dharmic economy wud've addressed several of the points U make.Starting with education, language, culture, respect for traditions etc, one has to build a society that gives a platform for most to make passion about something they have, a basis for livelihood. Imagine the impact!

          1 reply 0 retweets 0 likes
        3. Common-Planet.org‏ @Common_Planet May 4
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          Replying to @SurendraVijen @vgr

          You’re describing our plan: http://Common-Planet.org 

          0 replies 0 retweets 0 likes
        4. End of conversation
        1. K6 233‏ @stu_axon May 3
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          Replying to @vgr

          @threadreaderapp unroll please.

          1 reply 0 retweets 0 likes
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