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    <p>I say "buy low and sell high"...</p>
    <p><br>
    </p>
    <div class="moz-cite-prefix">On 1/10/22 4:50 PM, Frank Wimberly
      wrote:<br>
    </div>
    <blockquote type="cite"
cite="mid:CAA5dAfqZQ2GoyJCi0HRRj1gDQoDHcWo50PFUF=Z=0mrTTg9Cmw@mail.gmail.com">
      <meta http-equiv="content-type" content="text/html; charset=UTF-8">
      <div dir="auto">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?
        <div dir="auto"><br>
          <div data-smartmail="gmail_signature" dir="auto">---<br>
            Frank C. Wimberly<br>
            140 Calle Ojo Feliz, <br>
            Santa Fe, NM 87505<br>
            <br>
            505 670-9918<br>
            Santa Fe, NM</div>
        </div>
      </div>
      <br>
      <div class="gmail_quote">
        <div dir="ltr" class="gmail_attr">On Mon, Jan 10, 2022, 4:42 PM
          Marcus Daniels <<a href="mailto:marcus@snoutfarm.com"
            moz-do-not-send="true" class="moz-txt-link-freetext">marcus@snoutfarm.com</a>>
          wrote:<br>
        </div>
        <blockquote class="gmail_quote" style="margin:0 0 0
          .8ex;border-left:1px #ccc solid;padding-left:1ex">
          <div dir="ltr">
            <div
style="font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt;color:rgb(0,0,0)">Here's
              a stock that could be shorted, but golly it is doing well
              right now.</div>
            <div
style="font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt;color:rgb(0,0,0)"><br>
            </div>
            <div
style="font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt;color:rgb(0,0,0)"><a
href="https://www.reit.com/investing/reit-directory/rexford-industrial-realty-inc"
                id="m_-3345710188310006534LPNoLPOWALinkPreview"
                target="_blank" rel="noreferrer" moz-do-not-send="true"
                class="moz-txt-link-freetext">https://www.reit.com/investing/reit-directory/rexford-industrial-realty-inc</a><br>
            </div>
            <div
style="font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt;color:rgb(0,0,0)"><br>
            </div>
            <div
style="font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt;color:rgb(0,0,0)">So,
              one imagines that an 1862-scale flood comes to LA due to
              some enormous atmospheric river, and then it finally
              pays.   </div>
            <div
style="font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt;color:rgb(0,0,0)">Ideally
              there'd be some inverse real estate ETF that was regional,
              e,g. Abu Dhabi, where one expects it to get bad.</div>
            <div
style="font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt;color:rgb(0,0,0)"><br>
            </div>
            <div
style="font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt;color:rgb(0,0,0)">Marcus</div>
            <hr style="display:inline-block;width:98%">
            <div id="m_-3345710188310006534divRplyFwdMsg" dir="ltr"><font
                style="font-size:11pt" face="Calibri, sans-serif"
                color="#000000"><b>From:</b> Friam <<a
                  href="mailto:friam-bounces@redfish.com"
                  target="_blank" rel="noreferrer"
                  moz-do-not-send="true" class="moz-txt-link-freetext">friam-bounces@redfish.com</a>>
                on behalf of David Eric Smith <<a
                  href="mailto:desmith@santafe.edu" target="_blank"
                  rel="noreferrer" moz-do-not-send="true"
                  class="moz-txt-link-freetext">desmith@santafe.edu</a>><br>
                <b>Sent:</b> Monday, January 3, 2022 4:14 AM<br>
                <b>To:</b> The Friday Morning Applied Complexity Coffee
                Group <<a href="mailto:friam@redfish.com"
                  target="_blank" rel="noreferrer"
                  moz-do-not-send="true" class="moz-txt-link-freetext">friam@redfish.com</a>><br>
                <b>Subject:</b> Re: [FRIAM] Roger Mcnamee !!??</font>
              <div> </div>
            </div>
            <div
              style="word-wrap:break-word;line-break:after-white-space">This
              is an interesting direction.
              <div><br>
              </div>
              <div>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.</div>
              <div><br>
              </div>
              <div>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.</div>
              <div><br>
              </div>
              <div>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.</div>
              <div><br>
              </div>
              <div>I wonder what makes an adequate toolbox of concepts
                and analogies with which to think about this (at least
                somewhat) systematically.</div>
              <div><br>
              </div>
              <div>Eric</div>
              <div><br>
                <div><br>
                  <blockquote type="cite">
                    <div>On Jan 2, 2022, at 2:58 PM, Marcus Daniels <<a
                        href="mailto:marcus@snoutfarm.com"
                        target="_blank" rel="noreferrer"
                        moz-do-not-send="true"
                        class="moz-txt-link-freetext">marcus@snoutfarm.com</a>>
                      wrote:</div>
                    <br>
                    <div>
                      <div
style="font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt"><span
style="color:rgb(32,31,30);font-family:Calibri,sans-serif;font-size:14.6667px;background-color:rgb(255,255,255);display:inline!important">Nick
                          writes:</span></div>
                      <div
style="font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt"><span
style="color:rgb(32,31,30);font-family:Calibri,sans-serif;font-size:14.6667px;background-color:rgb(255,255,255);display:inline!important"><br>
                        </span></div>
                      <div
style="font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt"><span
style="color:rgb(32,31,30);font-family:Calibri,sans-serif;font-size:14.6667px;background-color:rgb(255,255,255);display:inline!important"><
                          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,<span> </span></span><i
style="color:rgb(32,31,30);font-family:Calibri,sans-serif;font-size:14.6667px;background-color:rgb(255,255,255)">planners,<span> </span></i><span
style="color:rgb(32,31,30);font-family:Calibri,sans-serif;font-size:14.6667px;background-color:rgb(255,255,255);display:inline!important">are
                          just out of tune with the world. ></span></div>
                      <div
style="font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt"><span
style="color:rgb(32,31,30);font-family:Calibri,sans-serif;font-size:14.6667px;background-color:rgb(255,255,255);display:inline!important"><br>
                        </span></div>
                      <div
style="font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt"><span
style="color:rgb(32,31,30);font-family:Calibri,sans-serif;font-size:14.6667px;background-color:rgb(255,255,255);display:inline!important">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.</span><br>
                      </div>
                      <div
style="font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt"><span
style="color:rgb(32,31,30);font-family:Calibri,sans-serif;font-size:14.6667px;background-color:rgb(255,255,255);display:inline!important"><br>
                        </span></div>
                      <div
style="font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;font-family:Calibri,Arial,Helvetica,sans-serif;font-size:12pt"><span
style="color:rgb(32,31,30);font-family:Calibri,sans-serif;font-size:14.6667px;background-color:rgb(255,255,255);display:inline!important">Marcus</span></div>
                      <div id="m_-3345710188310006534x_appendonsend"
style="font-family:Helvetica;font-size:12px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none"></div>
                      <hr
style="font-family:Helvetica;font-size:12px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;display:inline-block;width:813.390625px"><span
style="font-family:Helvetica;font-size:12px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;float:none;display:inline!important"></span>
                      <div id="m_-3345710188310006534x_divRplyFwdMsg"
                        dir="ltr"
style="font-family:Helvetica;font-size:12px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none"><font
                          style="font-size:11pt" face="Calibri,
                          sans-serif"><b>From:</b><span> </span>Friam
                          <<a href="mailto:friam-bounces@redfish.com"
style="color:rgb(5,99,193);text-decoration:underline" target="_blank"
                            rel="noreferrer" moz-do-not-send="true"
                            class="moz-txt-link-freetext">friam-bounces@redfish.com</a>>
                          on behalf of<span> </span><a
                            href="mailto:thompnickson2@gmail.com"
                            style="color:rgb(5,99,193);text-decoration:underline"
                            target="_blank" rel="noreferrer"
                            moz-do-not-send="true"
                            class="moz-txt-link-freetext">thompnickson2@gmail.com</a><span> </span><<a
                            href="mailto:thompnickson2@gmail.com"
                            style="color:rgb(5,99,193);text-decoration:underline"
                            target="_blank" rel="noreferrer"
                            moz-do-not-send="true"
                            class="moz-txt-link-freetext">thompnickson2@gmail.com</a>><br>
                          <b>Sent:</b><span> </span>Sunday, January 2,
                          2022 1:32 PM<br>
                          <b>To:</b><span> </span>'The Friday Morning
                          Applied Complexity Coffee Group' <<a
                            href="mailto:friam@redfish.com"
                            style="color:rgb(5,99,193);text-decoration:underline"
                            target="_blank" rel="noreferrer"
                            moz-do-not-send="true"
                            class="moz-txt-link-freetext">friam@redfish.com</a>><br>
                          <b>Subject:</b><span> </span>Re: [FRIAM] Roger
                          Mcnamee !!??</font>
                        <div> </div>
                      </div>
                      <div
style="font-family:Helvetica;font-size:12px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;word-wrap:break-word"
                        lang="EN-US">
                        <div>
                          <div
                            style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                            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,<span> </span><i>planners,<span> </span></i>are
                            just out of tune with the world. <span> </span></div>
                          <p
                            style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                             </p>
                          <div
                            style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                            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. </div>
                          <p
                            style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                             </p>
                          <div
                            style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                            n</div>
                          <p
                            style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                             </p>
                          <div>
                            <div
                              style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                              Nick Thompson</div>
                            <div
                              style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                              <a href="mailto:ThompNickSon2@gmail.com"
                                style="color:rgb(5,99,193);text-decoration:underline"
                                target="_blank" rel="noreferrer"
                                moz-do-not-send="true"><span
                                  style="color:rgb(5,99,193)">ThompNickSon2@gmail.com</span></a></div>
                            <div
                              style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                              <a
href="https://linkprotect.cudasvc.com/url?a=https%3a%2f%2fwordpress.clarku.edu%2fnthompson%2f&c=E,1,-Fd2M0MU4wX5y1N6mhhnNrFlsG64cdcJ8jOErlxB0hvFzR4dcEnKSSt2EqX5s2fb-wPOBqSH4X2Ap1mYP24zv3_muYGYijRLpnFKTxxN3dQyGtSp1B6x&typo=1"
style="color:rgb(5,99,193);text-decoration:underline" target="_blank"
                                rel="noreferrer" moz-do-not-send="true"><span
                                  style="color:rgb(5,99,193)">https://wordpress.clarku.edu/nthompson/</span></a></div>
                          </div>
                          <p
                            style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                             </p>
                          <div>
                            <div style="border-style:solid none
                              none;border-top-width:1pt;border-top-color:rgb(225,225,225);padding:3pt
                              0in 0in">
                              <div
                                style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                <b>From:</b><span> </span>Friam <<a
                                  href="mailto:friam-bounces@redfish.com"
style="color:rgb(5,99,193);text-decoration:underline" target="_blank"
                                  rel="noreferrer"
                                  moz-do-not-send="true"
                                  class="moz-txt-link-freetext">friam-bounces@redfish.com</a>><span> </span><b>On
                                  Behalf Of<span> </span></b>Marcus
                                Daniels<br>
                                <b>Sent:</b><span> </span>Sunday,
                                January 2, 2022 2:18 PM<br>
                                <b>To:</b><span> </span>The Friday
                                Morning Applied Complexity Coffee Group
                                <<a href="mailto:friam@redfish.com"
                                  style="color:rgb(5,99,193);text-decoration:underline"
                                  target="_blank" rel="noreferrer"
                                  moz-do-not-send="true"
                                  class="moz-txt-link-freetext">friam@redfish.com</a>><br>
                                <b>Subject:</b><span> </span>Re: [FRIAM]
                                Roger Mcnamee !!??</div>
                            </div>
                          </div>
                          <p
                            style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                             </p>
                          <div>
                            <div
                              style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                              <span style="font-size:12pt">Nick writes:</span></div>
                          </div>
                          <div>
                            <p
                              style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                              <span style="font-size:12pt"> </span></p>
                          </div>
                          <div>
                            <div
                              style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                              <span style="font-size:12pt">< </span><span
                                style="color:rgb(32,31,30)">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. </span><span
                                style="font-size:12pt"></span></div>
                            <p
style="margin-top:0px;margin-bottom:0px;background-color:white;background-position:initial
                              initial;background-repeat:initial initial">
                              <span style="color:rgb(32,31,30)"> </span></p>
                            <div
                              style="margin-top:0px;margin-bottom:0px;background-color:white"><span
                                style="color:rgb(32,31,30)">I can’t say
                                immediately why this would be a bad
                                thing, but my gut doesn’t like it.></span></div>
                            <p
style="margin-top:0px;margin-bottom:0px;background-color:white;background-position:initial
                              initial;background-repeat:initial initial">
                              <span style="color:rgb(32,31,30)"> </span></p>
                            <div
                              style="margin-top:0px;margin-bottom:0px;background-color:white"><span
                                style="color:rgb(32,31,30)">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.    </span></div>
                            <p
style="margin-top:0px;margin-bottom:0px;background-color:white;background-position:initial
                              initial;background-repeat:initial initial">
                              <span style="color:rgb(32,31,30)"> </span></p>
                            <div
                              style="margin-top:0px;margin-bottom:0px;background-color:white"><span
                                style="color:rgb(32,31,30)">Marcus  </span></div>
                            <p
style="margin-top:0px;margin-bottom:0px;background-color:white;background-position:initial
                              initial;background-repeat:initial initial">
                              <span style="color:rgb(32,31,30)"> </span></p>
                          </div>
                          <div
style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif;text-align:center"
                            align="center">
                            <hr width="98%" size="2" align="center">
                          </div>
                          <div
                            id="m_-3345710188310006534x_x_divRplyFwdMsg">
                            <div
                              style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                              <b><span>From:</span></b><span><span> </span>Friam
                                <<a
                                  href="mailto:friam-bounces@redfish.com"
style="color:rgb(5,99,193);text-decoration:underline" target="_blank"
                                  rel="noreferrer"
                                  moz-do-not-send="true"
                                  class="moz-txt-link-freetext">friam-bounces@redfish.com</a>>
                                on behalf of<span> </span><a
                                  href="mailto:thompnickson2@gmail.com"
style="color:rgb(5,99,193);text-decoration:underline" target="_blank"
                                  rel="noreferrer"
                                  moz-do-not-send="true"
                                  class="moz-txt-link-freetext">thompnickson2@gmail.com</a><span> </span><<a
                                  href="mailto:thompnickson2@gmail.com"
style="color:rgb(5,99,193);text-decoration:underline" target="_blank"
                                  rel="noreferrer"
                                  moz-do-not-send="true"
                                  class="moz-txt-link-freetext">thompnickson2@gmail.com</a>><br>
                                <b>Sent:</b><span> </span>Sunday,
                                January 2, 2022 1:03 PM<br>
                                <b>To:</b><span> </span>'The Friday
                                Morning Applied Complexity Coffee Group'
                                <<a href="mailto:friam@redfish.com"
                                  style="color:rgb(5,99,193);text-decoration:underline"
                                  target="_blank" rel="noreferrer"
                                  moz-do-not-send="true"
                                  class="moz-txt-link-freetext">friam@redfish.com</a>><br>
                                <b>Subject:</b><span> </span>Re: [FRIAM]
                                Roger Mcnamee !!??</span></div>
                            <div>
                              <p
                                style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                 </p>
                            </div>
                          </div>
                          <div>
                            <div>
                              <div
                                style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                Marcus,</div>
                              <p
                                style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                 </p>
                              <div
                                style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                I would like to be convinced …. But</div>
                              <p
                                style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                 </p>
                              <div
                                style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                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. </div>
                              <p
                                style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                 </p>
                              <div
                                style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                I can’t say immediately why this would
                                be a bad thing, but my gut doesn’t like
                                it.</div>
                              <p
                                style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                 </p>
                              <div
                                style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                Nick</div>
                              <p
                                style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                 </p>
                              <div>
                                <div
                                  style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                  Nick Thompson</div>
                                <div
                                  style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                  <a
                                    href="mailto:ThompNickSon2@gmail.com"
style="color:rgb(5,99,193);text-decoration:underline" target="_blank"
                                    rel="noreferrer"
                                    moz-do-not-send="true"
                                    class="moz-txt-link-freetext">ThompNickSon2@gmail.com</a></div>
                                <div
                                  style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                  <a
href="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"
style="color:rgb(5,99,193);text-decoration:underline" target="_blank"
                                    rel="noreferrer"
                                    moz-do-not-send="true">https://wordpress.clarku.edu/nthompson/</a></div>
                              </div>
                              <p
                                style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                 </p>
                              <div>
                                <div style="border-style:solid none
                                  none;border-top-width:1pt;border-top-color:rgb(225,225,225);padding:3pt
                                  0in 0in">
                                  <div
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                    <b>From:</b><span> </span>Friam <<a
href="mailto:friam-bounces@redfish.com"
                                      style="color:rgb(5,99,193);text-decoration:underline"
                                      target="_blank" rel="noreferrer"
                                      moz-do-not-send="true"
                                      class="moz-txt-link-freetext">friam-bounces@redfish.com</a>><span> </span><b>On
                                      Behalf Of<span> </span></b>Marcus
                                    Daniels<br>
                                    <b>Sent:</b><span> </span>Sunday,
                                    January 2, 2022 1:38 PM<br>
                                    <b>To:</b><span> </span>'The Friday
                                    Morning Applied Complexity Coffee
                                    Group' <<a
                                      href="mailto:friam@redfish.com"
                                      style="color:rgb(5,99,193);text-decoration:underline"
                                      target="_blank" rel="noreferrer"
                                      moz-do-not-send="true"
                                      class="moz-txt-link-freetext">friam@redfish.com</a>><br>
                                    <b>Subject:</b><span> </span>Re:
                                    [FRIAM] Roger Mcnamee !!??</div>
                                </div>
                              </div>
                              <p
                                style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                 </p>
                              <div>
                                <div
                                  style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                  <span style="font-size:12pt">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?</span></div>
                              </div>
                              <div
style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif;text-align:center"
                                align="center">
                                <hr width="98%" size="1" align="center">
                              </div>
                              <div
                                id="m_-3345710188310006534x_x_x_divRplyFwdMsg">
                                <div
                                  style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                  <b><span>From:</span></b><span><span> </span>Friam
                                    <<a
                                      href="mailto:friam-bounces@redfish.com"
style="color:rgb(5,99,193);text-decoration:underline" target="_blank"
                                      rel="noreferrer"
                                      moz-do-not-send="true"
                                      class="moz-txt-link-freetext">friam-bounces@redfish.com</a>>
                                    on behalf of<span> </span><a
                                      href="mailto:thompnickson2@gmail.com"
style="color:rgb(5,99,193);text-decoration:underline" target="_blank"
                                      rel="noreferrer"
                                      moz-do-not-send="true"
                                      class="moz-txt-link-freetext">thompnickson2@gmail.com</a><span> </span><<a
href="mailto:thompnickson2@gmail.com"
                                      style="color:rgb(5,99,193);text-decoration:underline"
                                      target="_blank" rel="noreferrer"
                                      moz-do-not-send="true"
                                      class="moz-txt-link-freetext">thompnickson2@gmail.com</a>><br>
                                    <b>Sent:</b><span> </span>Sunday,
                                    January 2, 2022 12:03 PM<br>
                                    <b>To:</b><span> </span>'The Friday
                                    Morning Applied Complexity Coffee
                                    Group' <<a
                                      href="mailto:friam@redfish.com"
                                      style="color:rgb(5,99,193);text-decoration:underline"
                                      target="_blank" rel="noreferrer"
                                      moz-do-not-send="true"
                                      class="moz-txt-link-freetext">friam@redfish.com</a>><br>
                                    <b>Subject:</b><span> </span>[FRIAM]
                                    Roger Mcnamee !!??</span></div>
                                <div>
                                  <p
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                     </p>
                                </div>
                              </div>
                              <div>
                                <div>
                                  <div
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                    I just listened to this podcast</div>
                                  <p
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                     </p>
                                  <div
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                    <a
href="https://linkprotect.cudasvc.com/url?a=https%3a%2f%2ffeeds.megaphone.fm%2fVMP5489734702&c=E,1,G87ToIzgI5DT4ZpiKuXcRc2EHcS4lpVgIftU98yiNor7PFNa9lCoDMtpA2GT4_2eudXeeatF6BgR-Peqwvf8pBQOnsbOiuYBI693rGSZCjDA8-JbvEUZ&typo=1"
style="color:rgb(5,99,193);text-decoration:underline" target="_blank"
                                      rel="noreferrer"
                                      moz-do-not-send="true">https://feeds.megaphone.fm/VMP5489734702</a></div>
                                  <p
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                     </p>
                                  <div
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                    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,<span> </span><i>Zucked</i>.</div>
                                  <p
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                     </p>
                                  <div
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                    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.</div>
                                  <p
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                     </p>
                                  <div
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                    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?</div>
                                  <p
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                     </p>
                                  <div
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                    As usual, I am in need of
                                    instruction. </div>
                                  <p
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                     </p>
                                  <div
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                    Nick Thompson</div>
                                  <div
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                    <a
                                      href="mailto:ThompNickSon2@gmail.com"
style="color:rgb(5,99,193);text-decoration:underline" target="_blank"
                                      rel="noreferrer"
                                      moz-do-not-send="true"
                                      class="moz-txt-link-freetext">ThompNickSon2@gmail.com</a></div>
                                  <div
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                    <a
href="https://linkprotect.cudasvc.com/url?a=https%3a%2f%2fwordpress.clarku.edu%2fnthompson%2f&c=E,1,AekdfP2MBl31iUxGjknOMPY6CLKTWZ0Uy_4dTUwGKgNke6kg7BN0qwu3VC8xzay12y6vtDYGszhL0ussBgpgtjOzZjJu9AWkUutwzgaFOibLSYQ0DDICSZg,&typo=1"
style="color:rgb(5,99,193);text-decoration:underline" target="_blank"
                                      rel="noreferrer"
                                      moz-do-not-send="true">https://wordpress.clarku.edu/nthompson/</a></div>
                                  <p
                                    style="margin:0in;font-size:11pt;font-family:Calibri,sans-serif">
                                     </p>
                                </div>
                              </div>
                            </div>
                          </div>
                        </div>
                      </div>
                      <br
style="font-family:Helvetica;font-size:12px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none">
                      <span
style="font-family:Helvetica;font-size:12px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;float:none;display:inline!important">.--
                        .- -. - / .- -.-. - .. --- -. ..--.. / -.-. ---
                        -. .--- ..- --. .- - .</span><br
style="font-family:Helvetica;font-size:12px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none">
                      <span
style="font-family:Helvetica;font-size:12px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;float:none;display:inline!important">FRIAM
                        Applied Complexity Group listserv</span><br
style="font-family:Helvetica;font-size:12px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none">
                      <span
style="font-family:Helvetica;font-size:12px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;float:none;display:inline!important">Zoom
                        Fridays 9:30a-12p Mtn UTC-6  </span><a
href="https://linkprotect.cudasvc.com/url?a=https%3a%2f%2f%2f%2fbit.ly%2fvirtualfriam&c=E,1,6c1hDw-I-XHC_ZStkZsXiT2ShUHKgKly7CIaoYaCXWbVgznocfGx2rmiRYUezbHgbt6ooqJZjG8eRVXMk1IVZdexrkjgabs_-b7egl28XAJYXIPcK5WsdpAa&typo=1"
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                      <span
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                      <span
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                      <span
style="font-family:Helvetica;font-size:12px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;float:none;display:inline!important">archives:</span><br
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                      <span
style="font-family:Helvetica;font-size:12px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;float:none;display:inline!important">5/2017
                        thru present<span> </span></span><a
href="https://linkprotect.cudasvc.com/url?a=https%3a%2f%2fredfish.com%2fpipermail%2ffriam_redfish.com%2f&c=E,1,p64yCHvaJEFX77QqASShCNx2e3TMxvwUnzpsO1C3vTN777PRrnbS8P8W95aCa4XCzK-GE3Rdk4juvBCojdTXlPqDLV345Lz4zzRev4WoBAfALZKaFR0aHUBEqj8,&typo=1"
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                      <span
style="font-family:Helvetica;font-size:12px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px;text-decoration:none;float:none;display:inline!important">1/2003
                        thru 6/2021  </span><a
                        href="http://friam.383.s1.nabble.com/"
style="color:rgb(5,99,193);text-decoration:underline;font-family:Helvetica;font-size:12px;font-style:normal;font-variant-caps:normal;font-weight:normal;letter-spacing:normal;text-align:start;text-indent:0px;text-transform:none;white-space:normal;word-spacing:0px"
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                        class="moz-txt-link-freetext">http://friam.383.s1.nabble.com/</a></div>
                  </blockquote>
                </div>
                <br>
              </div>
            </div>
          </div>
          <br>
          .-- .- -. - / .- -.-. - .. --- -. ..--.. / -.-. --- -. .---
          ..- --. .- - .<br>
          FRIAM Applied Complexity Group listserv<br>
          Zoom Fridays 9:30a-12p Mtn UTC-6  <a
            href="http://bit.ly/virtualfriam" rel="noreferrer
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          FRIAM-COMIC <a href="http://friam-comic.blogspot.com/"
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          archives:<br>
           5/2017 thru present <a
            href="https://redfish.com/pipermail/friam_redfish.com/"
            rel="noreferrer noreferrer" target="_blank"
            moz-do-not-send="true" class="moz-txt-link-freetext">https://redfish.com/pipermail/friam_redfish.com/</a><br>
           1/2003 thru 6/2021  <a
            href="http://friam.383.s1.nabble.com/" rel="noreferrer
            noreferrer" target="_blank" moz-do-not-send="true"
            class="moz-txt-link-freetext">http://friam.383.s1.nabble.com/</a><br>
        </blockquote>
      </div>
      <br>
      <fieldset class="moz-mime-attachment-header"></fieldset>
      <pre class="moz-quote-pre" wrap="">
.-- .- -. - / .- -.-. - .. --- -. ..--.. / -.-. --- -. .--- ..- --. .- - .
FRIAM Applied Complexity Group listserv
Zoom Fridays 9:30a-12p Mtn UTC-6  bit.ly/virtualfriam
un/subscribe <a class="moz-txt-link-freetext" href="http://redfish.com/mailman/listinfo/friam_redfish.com">http://redfish.com/mailman/listinfo/friam_redfish.com</a>
FRIAM-COMIC <a class="moz-txt-link-freetext" href="http://friam-comic.blogspot.com/">http://friam-comic.blogspot.com/</a>
archives:
 5/2017 thru present <a class="moz-txt-link-freetext" href="https://redfish.com/pipermail/friam_redfish.com/">https://redfish.com/pipermail/friam_redfish.com/</a>
 1/2003 thru 6/2021  <a class="moz-txt-link-freetext" href="http://friam.383.s1.nabble.com/">http://friam.383.s1.nabble.com/</a>
</pre>
    </blockquote>
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