What I've observed is that Stoicism emphasizes directing our attention to what we can manage, such as our spending habits. It encourages us to master our finances rather than allowing them to control us.
Ryan Holiday's definition of Stoicism reminded me of the tale of Lazarus from the beginning of the movie "Oh Brother, Where Art Thou?". Lazarus says, "You shall seek a fortune, and you shall find a fortune, but the fortune you find is not the one you seek." I think the modern day counterpart to that bit of wisdom is, "Don't look a gift horse in the mouth."
In New Zealand, the average price of houses is north of NZ$900,000, but the average individual income is around NZ$75,000. If people don’t have family support for a deposit, they can’t afford housing. It’s like chasing a rainbow. I feel for young people. It’s demoralizing.
Technically speaking Llama is "open weights" meaning anyone can use (with restrictions). "Open source" would require them to provide the source code and training data that you can (with sufficient compute) reproduce.
The other phenomenon that is now occurring is the commandeering of housing supply by huge investment firms that is bidding up home prices and rents in addition to a restricted supply. Get rid of the local red tape, provide some incentive for this to happen through infrastructure support for water and waste treatment, roads etc and this may also take some inflationary pressure off. The problem is truly a crisis and adding to growing public discontent.
2024 “If you take out A.I.” 2023 “If you take out Mag 7” 2021 “If you take out Energy” Words of the butthurt active managers who constantly underperform the S&P 500 Index
This is a fallacy though, you can’t just dismiss every criticism because it’s associated with people that have lost That’s moronic, if someone’s point is valuid, listen to it and don’t dismiss due to some ad hom bias you have.
@@jimbojimbo6873 if the criticism is coming from someone who makes money off of talking people out of buying the thing that they don’t make money on, then you can absolutely ignore their criticism, because you can’t trust it.
The drug analogies and self agggrandizing are indeed the two primary reasons I come to the PROF! Cant get it anywhere else. And then occasionally take a tidbit like buying the news of salesforce and turn it into 10 percent 😀
How much of the increase in housing costs is AirBnB and corporations / investors purchasing single family homes? (I agree NIMBY is at least part of the issue, but, other changes have occurred as well)
Came back to the episodes to share the realization that if China was to attempt an invasion of Taiwan (the place that makes 90+% of the chips that AI depends). What then will be the outsized effect on the us stock market? 😳
Scott is wrong about saying that those different AI companies could be sold for any value. Once a model is trained, it is trained. It's pointless to buy a company with a model and try to change it. So the loser actually is worthless, no point on buying it. Talents can just be shuffled between winners (if any), that's all.
I could live in rural areas or the far out suburbs where the big excitement of the month is heading to the local strip mall but I'd rather be within commuting distance to a city.
Production note: if you say "hey google" live on the air, it will interrupt me listening in my truck on the way home from work. I'm not mad just saying ....
@@bondi5000 I'm a fan of disrupting space exploration w rockets that land and vehicles that will be capable of going to Mars, disrupting fossil fuels, trying to save millions of lives w autonomous driving, helping quadriplegics have quality of life again and potentially be able to walk again, etc vs marketing companies like Scott has worked on. Diff stratosphere. Anyone who thinks differently is small minded or refuses to see reality for what it is because it's easier to call someone a fanboy and go w the popular crowd. Real investors/founders know the diff between the caliber of entrepreneurs they are. I'm not a Scott hater either and really like Ed. I'm just saying... Ppl need to know when to stay in their lane
jumping on this stream as its the latest trying to bring you back to Elon kinda love your show and love Elon seen your uncle state his case i call bullshit and explain to me if you were a shareholder how you would be disgusted use a bullshit argument or be a shareholder your Uncle isnt a builder of value, just a boy complaining that you respect, convince me cause Elon bad, getting boring....go young Brit..we just chatting
Scott and Ryan, You have an opportunity to platform a candidate that is a practicing stoic. Scott you declined and Ryan you may not agree with his policies. Have courage and invite RFK JR to your podcasts. Challenge his stoicism. Have courage and justice.
The cost of housing is directly related to the cost of building materials, our governments have printed too much money, yada yada yada. When wages finally catch up, if they ever do, things will normalize, I know Scott likes to go to the old, not in my backyard mentality and that’s part of it , some areas, but the real problem is inflation. we should be pressuring our governments to fix their reckless monetary policies.
![BOWKYLION - วิงวอน (ex-change) [Official MV]](http://i.ytimg.com/vi/cLdnZWDaO-w/mqdefault.jpg)
What I've observed is that Stoicism emphasizes directing our attention to what we can manage, such as our spending habits. It encourages us to master our finances rather than allowing them to control us.
Ryan Holiday's definition of Stoicism reminded me of the tale of Lazarus from the beginning of the movie "Oh Brother, Where Art Thou?". Lazarus says, "You shall seek a fortune, and you shall find a fortune, but the fortune you find is not the one you seek." I think the modern day counterpart to that bit of wisdom is, "Don't look a gift horse in the mouth."
"I've never been qualified to do anything I've ever done" love that line...thanks!
Fascinating
Loved the guest today with Ryan Holiday and the great questions from Ed and Scott. Another great episode by Prof G media.
This was a great episode. Thank you.
In New Zealand, the average price of houses is north of NZ$900,000, but the average individual income is around NZ$75,000. If people don’t have family support for a deposit, they can’t afford housing. It’s like chasing a rainbow. I feel for young people. It’s demoralizing.
Is that in Northshore, Auckland or somewhere in Dunedin?
Jerry Macguire:”Baby, you complete me.”
Ryan Holliday sweet-talk: “Baby, you limit me…”
This guy is okay he should have a podcast.
Technically speaking Llama is "open weights" meaning anyone can use (with restrictions). "Open source" would require them to provide the source code and training data that you can (with sufficient compute) reproduce.
"I don't care if I CAN do this, it is wrong so I WILL NOT do this"
Yeah, we definitely need more of that.
great discussions y'all.
current. relevant. moral. valuable. informative. enriching. big picture fine.
The other phenomenon that is now occurring is the commandeering of housing supply by huge investment firms that is bidding up home prices and rents in addition to a restricted supply. Get rid of the local red tape, provide some incentive for this to happen through infrastructure support for water and waste treatment, roads etc and this may also take some inflationary pressure off. The problem is truly a crisis and adding to growing public discontent.
2024 “If you take out A.I.”
2023 “If you take out Mag 7”
2021 “If you take out Energy”
Words of the butthurt active managers who constantly underperform the S&P 500 Index
Pro-tip: Invest in the things they "take out"
This is a fallacy though, you can’t just dismiss every criticism because it’s associated with people that have lost
That’s moronic, if someone’s point is valuid, listen to it and don’t dismiss due to some ad hom bias you have.
@@jimbojimbo6873 if the criticism is coming from someone who makes money off of talking people out of buying the thing that they don’t make money on, then you can absolutely ignore their criticism, because you can’t trust it.
Why Scott's beard looks like the grooming machine had no battery halfway through 😂
You can take a pig out of a pigsty, but you cannot take the pigsty out .......
The drug analogies and self agggrandizing are indeed the two primary reasons I come to the PROF! Cant get it anywhere else. And then occasionally take a tidbit like buying the news of salesforce and turn it into 10 percent 😀
Didn't the markets react the same to 'Cloud'? Before that the 'internet and chips'. Shiny new objects basically held up long term💎
I love how ProfG has has to premise his opening joke with 'true story Ed....'😂❤
Ed "True Story, Ed" Elson 😂
How much of the increase in housing costs is AirBnB and corporations / investors purchasing single family homes? (I agree NIMBY is at least part of the issue, but, other changes have occurred as well)
Love the pod.
Spot on about the England fans
What about 4 years spent in a hospital taught me was that:
"Philosophy was making sport of boredom".
Came back to the episodes to share the realization that if China was to attempt an invasion of Taiwan (the place that makes 90+% of the chips that AI depends).
What then will be the outsized effect on the us stock market?
😳
Scott is wrong about saying that those different AI companies could be sold for any value. Once a model is trained, it is trained. It's pointless to buy a company with a model and try to change it.
So the loser actually is worthless, no point on buying it. Talents can just be shuffled between winners (if any), that's all.
Hey Scott love your stuff. Headed to Marleyborne next Saturday any places you would recommend. Cheers
Good guest today.
Houses are only affordable if you don't have to live near major cities
Living is affordable if you don’t have to eat, or breathe.
But that is where the big salaries are
I could live in rural areas or the far out suburbs where the big excitement of the month is heading to the local strip mall but I'd rather be within commuting distance to a city.
Airport important. Cosmo feel is important.to young/singles. The FOOD!
virtue above all!
Adore the licky licky pet joke. It's a joke Thursday ("debate") after hearing quite a few on "Handsome" podcast. 'Covering' that department too guys!
Production note: if you say "hey google" live on the air, it will interrupt me listening in my truck on the way home from work. I'm not mad just saying ....
Still laughing over the dog joke. I love this show.
Canada is complaining about median income being about $65k under Trudeau. He's doing better than US at about $43k. From what I read.
USD is worth almost twice the CAD. 43k USD is worth significantly more than 65k CAD
Lol I love how butthurt Scott is over Elon and how Ed just backs him up cause he's his boss. Emotional 😂
Well that’s your perspective on the matter at least. Let me guess… you’re an Elon fanboy?
@@bondi5000 I'm a fan of disrupting space exploration w rockets that land and vehicles that will be capable of going to Mars, disrupting fossil fuels, trying to save millions of lives w autonomous driving, helping quadriplegics have quality of life again and potentially be able to walk again, etc vs marketing companies like Scott has worked on. Diff stratosphere. Anyone who thinks differently is small minded or refuses to see reality for what it is because it's easier to call someone a fanboy and go w the popular crowd. Real investors/founders know the diff between the caliber of entrepreneurs they are. I'm not a Scott hater either and really like Ed. I'm just saying... Ppl need to know when to stay in their lane
@@bondi5000what’s wrong with Elon? The guys seems to be trying to make a better world.
Betas
@@bondi5000you got it on the nose
An environmentalist is someone that already has their cabin in the woods and doesn’t want neighbors.
Why so much hate for Elon ?
jumping on this stream as its the latest
trying to bring you back to Elon
kinda love your show and love Elon
seen your uncle state his case
i call bullshit and explain to me if you were a shareholder how you would be disgusted
use a bullshit argument or be a shareholder
your Uncle isnt a builder of value, just a boy complaining that you respect,
convince me
cause Elon bad, getting boring....go young Brit..we just chatting
Make Homes Happen Again!
Scott and Ryan,
You have an opportunity to platform a candidate that is a practicing stoic.
Scott you declined and Ryan you may not agree with his policies.
Have courage and invite RFK JR to your podcasts.
Challenge his stoicism.
Have courage and justice.
The cost of housing is directly related to the cost of building materials, our governments have printed too much money, yada yada yada. When wages finally catch up, if they ever do, things will normalize, I know Scott likes to go to the old, not in my backyard mentality and that’s part of it , some areas, but the real problem is inflation. we should be pressuring our governments to fix their reckless monetary policies.
8:14
scott is what we call a champagne socialist
You lost me when you called him a philosopher.
Ryan doesn't know what he's talking about
Do an episode with @garyseconomics - you’d feed off each other in an inequality convo