[ExI] lotta splainin to do

[William Flynn Wallace]

I wonder if Dr. Goodwin has been wrenched along with the rest of his field
by findings that people are not rational investors.   bill

On Mon, Nov 21, 2022 at 6:09 PM spike jones via extropy-chat <
extropy-chat at lists.extropy.org> wrote:

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> *…*> *On Behalf Of *Giovanni Santostasi via extropy-chat
> *Subject:* Re: [ExI] lotta splainin to do
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> Spike,
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> >…Money is a really fascinating subject…
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> …
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> >…Sorry if it is a long one but I think this is the type of medium where
> we can have this interesting convo without being restricted to a certain
> number of words.
> If some people in the list are not interested they don't have to read but
> I do enjoy this convo with you, Spike.
> It is thought provoking.
> Giovanni
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> Likewise Giovanni!  Ja, that’s the magic of the written word.  We do not
> demand anyone’s attention.  This is the comment that made me think of a
> post I saw somewhere at some point, and I don’t remember where:
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> >…Money is a really fascinating subject…
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> At one point I didn’t know what to do with my life.  I had an engineering
> degree and an engineering job at the time, but wasn’t sure I was going to
> make it a career.  I went to a movie, which was Ferris Beuller’s Day Off.
> You might remember that as a funny movie, everything except the truly
> tragic part, the death of that 61 Ferrari GT.  Oh how we car geeks wept.
>
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> In that movie, a memorable scene solidified forever the words I often use
> to this day:  Anyone?  Anyone?  Beullllerrrr…
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> But note that the phrase is never actually said in the movie at all.
> Here’s the scene:
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> https://www.youtube.com/watch?v=uhiCFdWeQfA
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> This is remarkable because the actor, Ben Stein, is an actual real-life JD
> with a Yale education.  The boring lecture is anatomically correct,
> perfectly correct, and really interesting, even if it is supposed to be the
> classic super boring lecture by an ultra-geek professor.  He wasn’t using a
> script.  That was an ad-lib.  I wasn’t a business guy, I was an engineer.
> After I saw that goofy movie, I studied up on the Laffer curve and came
> damn close to going to graduate school to study economics.  Right about
> that time, my workplace gave me something interesting to do.
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> Turns out… my own childhood friend Barry Goodwin did get his PhD in
> economics and became a professor of economics at North Carolina State
> University.  I didn’t know what Barry was doing in those years, but it
> blows my mind that both of us became interested in that topic.  We never
> discussed it as kids.  Neither of us had any of it.  Economics really is
> cool.  Money is cool.
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> My current theory: it will prove inherently difficult to get fiat money
> and digital currency to play well together.  That will be harder than it
> looks.
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> spike
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