In Memex crowd thinking environment for thoughts unthinkable to separate beings, human-machine general intelligence raises superintelligent offspring to help all life.

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Joined 1 year ago
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Cake day: December 9th, 2023

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  • Ford Model T came with a complete manual for disassembly, maintenance, and repair. It made a generation of Americans fluent in mechanics who then went on to win World War II, to the Moon, and higher up skyscrapers than ever.

    “Learn this as a child:”

    “Do this as an adult:”

    Never again. Right to repair doesn’t do much when the manual is so expensive only brand-dedicated repair shops can afford it.









  • You shouldn’t be paying any form of investor to pretend they can see into the future.

    True, usually index funds outperform active investors, but there are special cases (third point below):
    https://www.cnbc.com/2020/11/24/heres-when-active-mutual-funds-tend-to-outperform-index-funds.html

    • Investors generally fare better in index mutual funds and exchange-traded funds versus their actively managed counterparts.
    • The average investor pays about five times more to own an active fund relative to an index fund. This makes it tougher for active funds to outperform index funds, after fees.
    • However, the lowest-cost active funds tend to beat the average index fund in categories like junk bonds, foreign stock and global real estate.

    … A company isn’t affected by whether a fund invests or does not invest in them.

    False. When you buy existing shares, they’ll see the increased demand and issue more shares, making more money from investors after you. Same as when you buy a stolen item, the thief reacts to increased demand by stealing another one.

    … responsible funds are just for show …

    Those “responsible” ESG-labeled funds (Environmental, Social And Governance) are too lax for modern investors’ thirst for good. We need tighter criteria. Commenter Squizzy here said tailored ethical funds exist: https://lemmy.world/comment/15070231

    … donate the money to charities instead.

    Good, but unsustainable. You can grow charity power by growing money in benefit corporations, such as Mozilla.



  • The activity can be limited, and so can the risk:
    Once in about 5 years, buy a diversified portfolio of 30 companies in at least 10 countries on at least 2 continents in at least 3 unrelated industries, and forget for 5 years.
    Maybe prefer to buy in a depression and sell on a bubble if you’re feeling extra active. Just be sure to diversify in time by buying at different times to avoid accidentally investing everything on top of a global bubble.

    Between stock sprees, save into a regular savings account.

    Buying shares is easy nowadays through many banks’ websites. I use Nordnet.