[FRIAM] Roger Mcnamee !!??

Steve Smith sasmyth at swcp.com
Mon Jan 10 20:28:05 EST 2022


I say "buy low and sell high"...


On 1/10/22 4:50 PM, Frank Wimberly wrote:
> So it went down over 20% today.  Should have shorted it.  A lot of my 
> stocks have gone up 30% more or less in the last year--like AAPL.  I 
> wonder if I should sell them short or just sell them.  Advice?
>
> ---
> Frank C. Wimberly
> 140 Calle Ojo Feliz,
> Santa Fe, NM 87505
>
> 505 670-9918
> Santa Fe, NM
>
> On Mon, Jan 10, 2022, 4:42 PM Marcus Daniels <marcus at snoutfarm.com> wrote:
>
>     Here's a stock that could be shorted, but golly it is doing well
>     right now.
>
>     https://www.reit.com/investing/reit-directory/rexford-industrial-realty-inc
>
>     So, one imagines that an 1862-scale flood comes to LA due to some
>     enormous atmospheric river, and then it finally pays.
>     Ideally there'd be some inverse real estate ETF that was regional,
>     e,g. Abu Dhabi, where one expects it to get bad.
>
>     Marcus
>     ------------------------------------------------------------------------
>     *From:* Friam <friam-bounces at redfish.com> on behalf of David Eric
>     Smith <desmith at santafe.edu>
>     *Sent:* Monday, January 3, 2022 4:14 AM
>     *To:* The Friday Morning Applied Complexity Coffee Group
>     <friam at redfish.com>
>     *Subject:* Re: [FRIAM] Roger Mcnamee !!??
>     This is an interesting direction.
>
>     How small a minority does one have to be in, for it to count as an
>     arbitrage opportunity?  In the El Farol and Minority Game
>     abstractions, any minority is enough.
>
>     If we think about the dichotomy in public health, or in reason vs.
>     hormonal aggression, the split in the US (at least by political
>     commitments) is not so far from 50/50.  But as far as “profiting
>     from the committed wrong”, that market seems to be cornered
>     already by a very tiny percent, who have priced in much of the
>     available surplus.  The difference between the dupes and the
>     honest but powerless seems unimportant compared to the difference
>     between both of those and the insiders with power, access, and
>     control.  Somehow these richly structured extensive-form games
>     with coalitional solution concepts seem very far from the market
>     model in which we often think about arbitrage.
>
>     I am also reminded of the aphorism in that other realm “The market
>     can stay irrational longer than you can stay solvent.”  Or in the
>     case of climate, agricultural, and social instability, alive.
>
>     I wonder what makes an adequate toolbox of concepts and analogies
>     with which to think about this (at least somewhat) systematically.
>
>     Eric
>
>
>>     On Jan 2, 2022, at 2:58 PM, Marcus Daniels <marcus at snoutfarm.com>
>>     wrote:
>>
>>     Nick writes:
>>
>>     < So, what does a healthy 2040 community look like.   What are we
>>     working TOWARD, here. Once of the things that the Mcnamee podcast
>>     highlighted for me was my feeling that, in a chaotic world,
>>     people like me,/planners,/are just out of tune with the world. >
>>
>>     I don't think it really matters how people interact in social
>>     media or what they think.  What will matter is how people adapt
>>     to climate change and the exhaustion of food and energy, and the
>>     migrations resulting from climate change.  That's where the
>>     opportunities will be.   If there are millions of people that
>>     deny it is happening like they deny pandemics, then things simply
>>     must be arranged so that the natural accounting occurs.   The
>>     planners will look past the chaos and make their investments..
>>     and wait.
>>
>>     Marcus
>>     ------------------------------------------------------------------------
>>     *From:*Friam <friam-bounces at redfish.com> on behalf
>>     ofthompnickson2 at gmail.com<thompnickson2 at gmail.com>
>>     *Sent:*Sunday, January 2, 2022 1:32 PM
>>     *To:*'The Friday Morning Applied Complexity Coffee Group'
>>     <friam at redfish.com>
>>     *Subject:*Re: [FRIAM] Roger Mcnamee !!??
>>     So, what does a healthy 2040 community look like.   What are we
>>     working TOWARD, here. Once of the things that the Mcnamee podcast
>>     highlighted for me was my feeling that, in a chaotic world,
>>     people like me,/planners,/are just out of tune with the world.
>>
>>     By the way, I think “surfing the web” , as it has been used, is a
>>     terrible metaphor. What most of us do is like water skiing the
>>     web.  Bouncing over the wake, never actually getting into the
>>     water.   Gives surfing a bad name.  A surfer finds the few
>>     survivable paths through an immense concentration of hostile
>>     forces.  Surfing is more like martial arts.  In fact we must
>>     begin to surf the web.   To realize the manners in which its
>>     hostile forces constrain us and find the few paths that allow us
>>     to master those forces and come out of the curl safely.  We
>>     thought it was a playground; now we see it’s a minefield.
>>
>>     n
>>
>>     Nick Thompson
>>     ThompNickSon2 at gmail.com <mailto:ThompNickSon2 at gmail.com>
>>     https://wordpress.clarku.edu/nthompson/
>>     <https://linkprotect.cudasvc.com/url?a=https%3a%2f%2fwordpress.clarku.edu%2fnthompson%2f&c=E,1,-Fd2M0MU4wX5y1N6mhhnNrFlsG64cdcJ8jOErlxB0hvFzR4dcEnKSSt2EqX5s2fb-wPOBqSH4X2Ap1mYP24zv3_muYGYijRLpnFKTxxN3dQyGtSp1B6x&typo=1>
>>
>>     *From:*Friam <friam-bounces at redfish.com>*On Behalf Of*Marcus Daniels
>>     *Sent:*Sunday, January 2, 2022 2:18 PM
>>     *To:*The Friday Morning Applied Complexity Coffee Group
>>     <friam at redfish.com>
>>     *Subject:*Re: [FRIAM] Roger Mcnamee !!??
>>
>>     Nick writes:
>>
>>     < Imagined a world in which we all worked at home, everything was
>>     on zoom, and everything was delivered by Amazon by drone.  I
>>     realize this is a reductio, but hum along with me for a few
>>     bars.  There would be no intermediate social landscape between
>>     the home and the distribution center.  No intermediate human scales.
>>
>>     I can’t say immediately why this would be a bad thing, but my gut
>>     doesn’t like it.>
>>
>>     I can't think of many examples where the intermediate scales are
>>     anything but wasteful or intrusive.   Maybe to see a tailor
>>     coupled to the purchase of certain clothes?  I still drive to
>>     services (dentist, doctor, hair stylist), just not to
>>     redistributors, because they don't really add anything.  There's
>>     still a farmer's market that seems as popular as ever -- but they
>>     DO offer something unique.    I can drive five minutes to Home
>>     Depot but honestly half the time their inventory is exhausted for
>>     what I want, and I end up ordering it online.
>>
>>     Marcus
>>
>>     ------------------------------------------------------------------------
>>     *From:*Friam <friam-bounces at redfish.com> on behalf
>>     ofthompnickson2 at gmail.com<thompnickson2 at gmail.com>
>>     *Sent:*Sunday, January 2, 2022 1:03 PM
>>     *To:*'The Friday Morning Applied Complexity Coffee Group'
>>     <friam at redfish.com>
>>     *Subject:*Re: [FRIAM] Roger Mcnamee !!??
>>
>>     Marcus,
>>
>>     I would like to be convinced …. But
>>
>>     Imagined a world in which we all worked at home, everything was
>>     on zoom, and everything was delivered by Amazon by drone.  I
>>     realize this is a reductio, but hum along with me for a few bars.
>>     There would be no intermediate social landscape between the home
>>     and the distribution center.  No intermediate human scales.
>>
>>     I can’t say immediately why this would be a bad thing, but my gut
>>     doesn’t like it.
>>
>>     Nick
>>
>>     Nick Thompson
>>     ThompNickSon2 at gmail.com
>>     https://wordpress.clarku.edu/nthompson/
>>     <https://linkprotect.cudasvc.com/url?a=https%3a%2f%2fwordpress.clarku.edu%2fnthompson%2f&c=E,1,p4rsPfl7qCnkvPDXzYT5M-1fZBZKaCDIB1z2Osc-CfFDLgw598S0mD13_Sppk4ua_2uMIZVWNAECmtZ8s2kblHg2quJex4YawfboMGbRTDU_u15bu8836eLAHQ,,&typo=1>
>>
>>     *From:*Friam <friam-bounces at redfish.com>*On Behalf Of*Marcus Daniels
>>     *Sent:*Sunday, January 2, 2022 1:38 PM
>>     *To:*'The Friday Morning Applied Complexity Coffee Group'
>>     <friam at redfish.com>
>>     *Subject:*Re: [FRIAM] Roger Mcnamee !!??
>>
>>     I can see living without Facebook (I do), but why can't we live
>>     with Amazon?   It seems like they did a pretty good job of
>>     displacing the likes of Walmart.  It could happen again. What
>>     added inherent value do stores have, other than as a mechanism to
>>     prevent he consolidation of market influence w.r.t. to prices?
>>     ------------------------------------------------------------------------
>>     *From:*Friam <friam-bounces at redfish.com> on behalf
>>     ofthompnickson2 at gmail.com<thompnickson2 at gmail.com>
>>     *Sent:*Sunday, January 2, 2022 12:03 PM
>>     *To:*'The Friday Morning Applied Complexity Coffee Group'
>>     <friam at redfish.com>
>>     *Subject:*[FRIAM] Roger Mcnamee !!??
>>
>>     I just listened to this podcast
>>
>>     https://feeds.megaphone.fm/VMP5489734702
>>     <https://linkprotect.cudasvc.com/url?a=https%3a%2f%2ffeeds.megaphone.fm%2fVMP5489734702&c=E,1,G87ToIzgI5DT4ZpiKuXcRc2EHcS4lpVgIftU98yiNor7PFNa9lCoDMtpA2GT4_2eudXeeatF6BgR-Peqwvf8pBQOnsbOiuYBI693rGSZCjDA8-JbvEUZ&typo=1>
>>
>>     a conversation between the former prosecutor, Joyce Vance, and
>>     the musician, financier, turncoat Facebook investor Roger
>>     Mcnamee, who likens this moment with big tech to the moment
>>     before the food industry regulations of the early 1900’s and
>>     anti-pollution legislation of the 60’s, moments when Da People
>>     reasserted control over over-weening industry interests.  He is
>>     author of the book,/Zucked/.
>>
>>     An hour-long pod cast is a terribly inefficient way to learn
>>     about something, so I hope that one you, for whom none of this is
>>     news, can offer a more condensed source.
>>
>>     We are basically talking about the Amazon paradox, here: can’t
>>     live with it; can’t live without it.  How much ARE we willing to
>>     pay to have the trains run on time?
>>
>>     As usual, I am in need of instruction.
>>
>>     Nick Thompson
>>     ThompNickSon2 at gmail.com
>>     https://wordpress.clarku.edu/nthompson/
>>     <https://linkprotect.cudasvc.com/url?a=https%3a%2f%2fwordpress.clarku.edu%2fnthompson%2f&c=E,1,AekdfP2MBl31iUxGjknOMPY6CLKTWZ0Uy_4dTUwGKgNke6kg7BN0qwu3VC8xzay12y6vtDYGszhL0ussBgpgtjOzZjJu9AWkUutwzgaFOibLSYQ0DDICSZg,&typo=1>
>>
>>
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