So Ramit is now arguing with the @B_REInvest@capital_sb crowd about accredited investor status not being worth anything?
I get that he has a book he wants to sell, but man... Talk about taking advantage of the common man's confusion on #investment.
Let me break this down for people.
Accredited investor status is basically "I'm a millionaire, so let me invest in seed round/pre IPO companies like a big boy, with minimal paperwork*."
*You can also qualify by making six figures a year; the exact amount is on the SEC website.
@capital_sb said, IF you have a network, accredited investor status can help get you in to really lucrative investments.
This is 100% true. SEC compliance is a pain in the ass. People are not looking to deal with it, and the easy button is "only deal with accredited investors."
Someone tweeted about #dating and reminded me of an utterly weird experience I had several years ago.
I talked to someone who just... didn't make sense.
I would say "give me the confidence of a first year med student who doesn't think anything exists if they can't picture it in their minds" but this was "break from reality" levels of confusion.
Honestly this is why a lot of people screw up #dating.
You think you know what you want and have an idea of how to attain it, but at 22, without any world experience, you are likely to have a mashup of your parents' hopes and the esoteric lore you cribbed from "Sex in the City."
The @eigenrobot threadwar about a Chinese girl in Germany saying she's German and Americans who are 1/32 German are not is dumb.
Almost everyone is making comments that make sense to them but they have different ideas of "German."
1. The OP
If you're Chinese and grew up in Germany then when you encounter other Chinese they're consistently going to react with "wow, you're really European!"
So of course, relative to the baseline of an ethnic Han growing up in Shanghai, she thinks "I'm German."
2. The angry respondent
"Magic dirt isn't real" was his shorthand.
If you've read any Evola you know his theory is that race is not mere genetics and it is not simply culture either but some ineluctable property that persists beyond the sterile scientific analysis of the two.
Lichtenstein was extremely responsive to the needs of international corporations and presumably would have been eager to have a world reserve currency if it were not running on Swiss francs. But it had no capacity to do so.
"This is silly," you might say. "Lichtenstein is a tiny microstate, not even in the running!"
Ok. Apply this to someone bigger.
Did 1970s China have the capacity to function as administrator of a world reserve currency, in the manner described above?
It always intrigues me when people who have discovered that modernity is bad still use "feudal" pejoratively. That is how complete the modernist brainwashing is.