The Icarus Moment

12+ A juvenile red-tailed hawk took up residence near our farmhouse soon after we
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Dan Schiltz
1 year ago

I’m finding this style of writing and framing the market incredibly compelling having only found the site a few days ago. In regards to this blog in particular, I think I may have a few things I must add of note and/or in need of clarification on. 1. What happened to Icarus was unavoidable. I fail to see the use in telling any young person to not be Icarus. Such a suggestion implies ignorance is avoidable when it isn’t by definition. 2. I follow the cartoon characterization pretty well I think and see its use. I may have characterized this phenomenon via another term, “kayfabe” in similar contexts before. 3. By what means might someone employ to “short abstraction?” I’m interpreting this to say “capture the falling value of “abstraction phenomenon” that is going to take place in some near term future context.” I am fully onboard with “long volatility” strategy though for sure. 4. Bitcoin isn’t Icarus! Phoenix rather! I assume you prefer Gold. Also BTC not as dependent on Silicon Valley as far as I can tell you might be trying to imply but I think I follow the generally false “tech as always good future phenomenon” you may be trying to get at here. 4. Though I share your desire for employing more people with comparative lit-type backgrounds to the investment space, I don’t know I share your feeling that too much STEM is employed today. I think too many unqualified people claiming to have a stem… Read more »

Dan Schiltz
1 year ago
Reply to  Dan Schiltz

Personally see issues primarily dealing with definition inconsistency/inaccuracy and inefficient resource allocation

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