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Joined 9 months ago
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Cake day: August 23rd, 2025

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  • In 2017, a LessWronger discovered index investing but decided that most people were doing it wrong: why keep an emergency fund in cash or other safe assets when stocks have the greatest long-term return? He mentions that the US stock market lost half its value in 2007-8, and that if you hold stocks in your employer they may lose value at the same time as you are laid off, but he never uses his business degree to think through “if the stock market crashes, I may lose my job and have to draw on my savings.”

    The investment platforms I mentioned can convert your index funds into cash and send it to your bank account in 4-5 days, so you don’t need to hold more cash than you’d need on a 4 day notice. I keep about 50% more than my average monthly credit card bill, so I can pay my cards on time with autopay.




  • You check what you own, especially your bond fund (government bonds are safe, if it has anything else look closely) and your investments in financial firms (see if any of them have been buying up this bad debt). Company-run pension plans are usually scams (a financial institution sells them a bunch of expensive actively managed products not a few cheap index funds) but picking the best of a bad lot still has big returns and sometimes it just takes one or two employees to get them to add something much better to the list.











  • The newest addition to her polycule “got my attention by radiating Dark Lord energy while actually trying to save the world. He’s ruthlessly excellent.”

    When he funded Manifold, Scott Alexander said that it was “Chaotic Evil.” These people keep switching between cutesy language and rawr I am the dark lord language, and their examples of evil are often bathetic while their serious plans are things like “expel brown people so they don’t pollute our blood” and “better nuclear war than giving sand anxiety.” They reject history, and they reject real-life adventures and contact with people with diverse experience, so evil is a very abstract concept to them.