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scaredyclassic
Participant[quote=The-Shoveler]investing is gambling, farming is gambling, buying a house is gambling.
Life is a gamble.
Go ahead throw the first stone.[/quote]
Those arent games of chance.
Roulette has zero social utility.
Investing, homes and farming do.
Just because something is risky does not mean it is gambling.
That is why gambling houses are generally illegal and should be morally repugnant everywhere. The lottery should not exist. Im not sure the exact date gambling became acceptable but when i was a kid in nyc, local criminals ran numbers games and degenerates hung out at off track betting.
.gambling was not normal.It was not part of lifes fabric.
I recall 3 card monte games on nyc streets!
Crazy how life was in the 70s
I despise it. It shouldnt be criminalized but statistics should be taught better in grade school
Money is way too hard to earn for people to lose it thinking thryre lucky and for crooks to take it from them with flashy games
Now marriage, kids, that is a gamble. And nowadays, etrade.
ParticipantMisc paid jobs, age 22 to 29. Im sure i had at least a dozen short ones more here and there.
Au pair
Methadone counselor
Sat teacher, princeton review
Question writer, stanley h kaplan
Lsat teacher
Substitute teacher
Telemarketing
Market research in vegasEsl teacher.
Camp counselor
http://Www.Abraham.com employee [longest job held]
Trade school high pressure admissions-sales
Movie reviewer
Screenwriter
Paralegal
Legal secretary
Taxi driverIm sad i was too lazy to do zero manual labor. Looking back im sure it wouldve help my mental health. All in all it is amazing things turned out ok for me.
Id be curious on others odd jobs
Participant[quote=The-Shoveler][quote=outtamojo]The stock indices gnaw at me like housing prices in the early 2000’s. So that means markets will go to new highs while my gut blows up telling me how bad things are.[/quote]
Probably a bad Idea, but I am thinking of shorting the S&P-500 by buying a little ‘sh’ (less than .05% so no real commitment, just enough to keep me interested).
Which is a good indicator that markets will go to new highs LOL.[/quote]
Gambling is morally wrong, in the same way that drug abuse is morally wrong. And i believe this is gambling.
ParticipantMad max…
We dont need another hero
But everyone, inc. Me, wants to be a hero …
Out of the ruins
Out from the wreckage
Can’t make the same mistake this time
We are the children
The last generation (the last generation)
We are the ones they left behind
And I wonder when we are ever gonna change it
Living under the fear ’til nothing else remains
We don’t need another hero
We don’t need to know the way home
All we want is life beyond the Thunderdome
Looking for something
We can rely on
There’s got to be something better out there
Love and compassion
Their day is coming (coming)
All else are castles built in the air
And I wonder when we are ever gonna change it
Living under the fear ’til nothing else remains
All the children say
We don’t need another hero
We don’t need to know the way home
All we want is life beyond the Thunderdome
So what do we do with our lives?
We leave only a mark
Will our story shine like a life
Or end in the dark?
In the name of nothing
We don’t need another hero
We don’t need to know the way home
All we want is life beyond the Thunderdome
All the children say
We don’t need another hero (we don’t need another hero)
We don’t need to know the way home
All we want is life beyond the ThunderdomeParticipantI go to his barber shop. Id boycott but…thats where i udually go, barring a really good coupon. Why punish the stylists.
Ive gone there for 10 to 20 years.
Itll stay open…maybe the wait’ll be shorter?
I guess i could go to supercuts.
ParticipantHaving kids is just too uncertain and scary.
My poor parents, so many years of me being a floating dopey fuckup broke with no plan and a weird attitude
Mustve aged them 10 years.
Participant[quote=ltsddd][quote=Coronita]Now if a kid is directionless after a 4 year college, he/she probably wasted the equivalent of a starter home. So if there is any shred of doubt, maybe the JC route for some kids is a better option until they get their act together.
[/quote]I think every parent should give JC a hard look. Go to JC for 2 years then transfer, unless that freshman-year college experience is that important for the kid. Otherwise, don’t see why parents want to pay $30K/year just to take general ed at a UC school for the first 2 years.[/quote]
Transferring is very difficult now. Not like old days
ParticipantFeel free to protest.
Just not outside.
Or near cops.
Or after work.
Or if trump is nearby.
Basically, stay in your home.
Participant[quote=davelj][quote=scaredyclassic]
But isn’t that just hubris. Basically you are saying, be smarter than the marketplace, find the opportunity everyone else missed, in a marketplace that adjusts prices by the nanosecond, and which sets prices based on all possible knowable information, including everyone in the world, the smartest, most informed, best capitalized people. There is realistically no way to be smarter than them, is there?
auto investing in an index fund is far more humble and realistic, isnt it?[/quote]
I don’t think there’s a great deal of hubris in dramatically de-risking when valuations are over 2 standard deviations from the historical mean. We have plenty of historical data to back up what happens from these levels.
Arguably… isn’t there just as much hubris in owning stocks at nosebleed valuations and simply assuming that your future return is going to be good because… stocks?
But, yes, most folks should just index and deal with the volatility. Unfortunately, most of these folks can… until they can’t.[/quote]
True. Very true.
Pretty much anything we do we do because we think we know a bit more.
Participant[quote=Coronita][quote=Hobie]I did forget about how competitive the parents become with bragging rights. They peacock when kid is accepted to a private and hold there head low when kid is going to a community college. Well, some of them..[/quote]
Funny you should say that. I got a different version of that story among some Asian parents.
Some Asian parents peacock when their kids gets into a prestigeous college to for pre med studies. Some Asian parents hold their head low when their kids go to a community college.
4 years later, some of the Asian parent peacocks quickly lose their feathers after spending close to $300k for that prestigeous college only for the kid to transfer out of a medical program into a law program and than into some art history program and graduate with a BA degree in some far off degree that lands them a job at Starbucks in some metro city and have to help subsidize their rent living there.
Meanwhile, those low head hanging parents who sent their kids to a JC start to peek up their heads because for the first 2 years, they saved a shitload of money while their kid got their act together and figured out what they wanted to do, applied for and transferred to a good state school, and completed their technical degree in engineering, software or nursing, or some other high demand profession that pays well, saved their kids a boatload of money so kids weren’t saddled with a boatload of debt, and were financially self sufficient much more earlier than those directionless kid that went to a prestigeous 4 year private school on the east coast.
I had a niece that did just that. 4 years of prestigeous school, 2 years into a medical program, and then one day “I really don’t want to do this….$400-500k later” and she isn’t alone.[/quote]
FunNy but true.
And even into the medical profession a lot of docs want OUT.
ParticipantMy country, ’tis of thee,
Sweet land of liberty,
Of thee I sing;
Land where my fathers died,
Land of the pilgrims’ pride,
From ev’ry mountainside
Let freedom ring!My native country, thee,
Land of the noble free,
Thy name I love;
I love thy rocks and rills,
Thy woods and templed hills;
My heart with rapture thrills,
Like that above.Let music swell the breeze,
And ring from all the trees
Sweet freedom’s song;
Let mortal tongues awake;
Let all that breathe partake;
Let rocks their silence break,
The sound prolong.Our fathers’ God to Thee,
Author of liberty,
To Thee we sing.
Long may our land be bright,
With freedom’s holy light,
Protect us by Thy might,
Great God our King!ParticipantALM: see this video? It proves wearent racist. If youre a 75 uear old guy, we will try to kill you to, just for being there.
https://mobile.twitter.com/wbfo/status/1268712530358292484
Our country ti
Participant[quote=Hobie]I did forget about how competitive the parents become with bragging rights. They peacock when kid is accepted to a private and hold there head low when kid is going to a community college. Well, some of them..[/quote]
Yep.
Hard to separate.
I often reread this poem when i feel too proud. Maybe send a copy to the doctor
Your children are not your children.
They are the sons and daughters of Life’s longing for itself.
They come through you but not from you,
And though they are with you yet they belong not to you.You may give them your love but not your thoughts,
For they have their own thoughts.
You may house their bodies but not their souls,
For their souls dwell in the house of tomorrow, which you cannot visit, not even in your dreams.
You may strive to be like them, but seek not to make them like you.
For life goes not backward nor tarries with yesterday.
You are the bows from which your children as living arrows are sent forth.
The archer sees the mark upon the path of the infinite, and He bends you with His might that His arrows may go swift and far.
Let your bending in the archer’s hand be for gladness;
For even as He loves the arrow that flies, so He loves also the bow that is stable.Participant[quote=Hobie]I did forget about how competitive the parents become with bragging rights. They peacock when kid is accepted to a private and hold there head low when kid is going to a community college. Well, some of them..[/quote]
Some data points.
Rejects unlikely to post tho.
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