The Icarus Moment

A juvenile red-tailed hawk took up residence near our farmhouse soon after we moved onto the propert
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  1. 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.

    5. 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 background may be too prevalent in the space today though. Maybe you’re saying one section of this website is tackling the more narrative approaches while the other discretely tackles the more commonly known as quantitative. Very much an ongoing fan of this project regardless. - Dan

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

  3. Dr. Hunt,
    Would you please explain to an idiot what Blake is getting at. “could frame they fearful symmetry?” I know what symmetry is but have no idea what the guy is talking about. Should have stayed awake in that class.
    “…I think a lot of people owe Jack Welch an apology.” Where did he come from? Please explain this comment.
    I understand your points about hubris being the catalyst for collapse, not systematic bank failure. I think you really hit the nail on the head. Hubris and alienation make a disconnect from reality.
    I don’t agree with Mr Schiltz’s comment below that what happened to Icarus was unavoidable. Icarus / youth suffer from hubris and push the limits, sometimes to their peril That seems to the point of the myth. Be careful in youth and listen to wisdom. It’s a warning. If it was inevitable, why tell the story?
    I assume you mean by short abstraction companies that sell ideas, a world wide pizza delivery company rather than companies that sell something tangible, establish and essential, say oil, copper, software?
    Greatly appreciate a response.

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