[extropy-chat] WSJ: A Cold Calculus Leads Cryonauts To Put Assets on Ice
wingcat at pacbell.net
Wed Jan 25 02:33:54 UTC 2006
If you're dead, you can't come up with slightly better ideas,
nor can you manage risks - for instance in an extreme case, if
something becomes a (to the living) blindingly obviously bad
thing to be invested in.
The problem with being dead is, you can't react to anything.
Even really simple stuff that we living folk take for granted
that we can avoid.
--- Robert Bradbury <robert.bradbury at gmail.com> wrote:
> Actually, I think the debate gets much more complex. I don't think
> buried with the cash would have a significant effect due to the fact
> the government is printing tons of the stuff (even if they are
> borrowing it
> from China).
> If its being invested it makes a big difference whether you are
> investing it
> in a nanotech investment fund (which is *really* investing in
> and not nanohype) vs. say U.S. automobile manufacturers or in the not
> distant future the "old-mentality" phone companies. It also makes a
> difference whether one confines the investment to U.S. $ or opts for
> international currency mix. That in turn tends to relate to how hard
> where) one thinks various aspects of the singularity may hit.
> The path you choose determines whether you come back a rich person or
> more likely (IMO) a relatively poor person (if you haven't kept up
> with the
> singularity). It isn't enough to simply index to the economy --
> slightly more willing to take risks or come up with a slightly better
> or strategy is going to come out way ahead. Case in point, look at
> Brin &
> Page vs. Gates, Ellison & Jobs (new money vs. "old" money). They are
> past Steve, combined are more than Larry and stand a good chance of
> in on Bill.
> It is worth noting that the money managers who earn the "big bucks",
> including those who manage the endowments for Harvard, Yale, etc. are
> managing returns of something like 14-18%/yr. I would guess that the
> average frozen person's assets are probably getting 1/2 to 1/3 of
> Designing a *good* investment strategy for what is coming and taking
> accout the various reanimation scenarios is *not* easy and I would
> that most people who would be tasked with doing it (today) are likely
> significantly underperform the rate of growth that the singularity
> bring. [How many investment strategies detail precisely *when* you
> turn the
> money over to a self-evolving, improving AI investment fund manager?]
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