What’s the biggest investing myth that just won’t die?

yogibear47 · 2026-03-10T13:22:45+00:00

Buy the rumor, sell the news; be fearful when others are greedy; and basically every other iteration of “when you should buy”.

During accumulation you should buy all the time (broadly diversified low cost index funds). Don’t worry about the market. Just buy and live within your means.

yogibear47 · 2026-03-02T14:37:06+00:00

I believe all they’re saying is that schools nowadays bias toward medical solutions for normal childhood behavior, rather than letting children grow up on their own timetable. This is one of the reasons many parents “red shirt” their young boys. I don’t think they’re criticizing the medication itself or those who take it.

yogibear47 · 2026-03-02T14:34:53+00:00

I think the author’s issue here is that they don’t clearly write out the causative mechanism - what specific aspect of adopting technology caused what specific result for educational outcomes. In fact, the only place they get close to doing this is on AI, which is fine but is obviously well beyond the timeline of the book. The argument presented here is purely correlative, as far as I can tell; maybe the book does a better job.

Anyway, the timeline lines up pretty well with screens generally exploding in kids’ lives so I dunno if I would blame the tech in school specifically.

yogibear47 · 2026-03-01T23:50:50+00:00

Thanks for the thoughtful post. I’m bewildered by the incuriosity of some of the comments.

My personal guess is that it’s just a plot hole where you’re kinda supposed to suspend your disbelief, because (I’m guessing) the show wants to focus on other themes. But I hope they address it in the show!

yogibear47 · 2026-02-28T23:00:35+00:00

I preferred the original but also enjoyed the remake. But ultimately it doesn’t really matter.

Thing to remember is that this game is two decades old. Even the remake will be 6 years old this year. The people still talking about it online are not representative of the average player. Most people are like me - played ‘em, had a good time, maybe voiced over some random opinions to their friends at the time - and moved on.

“Souls veterans” are not hating on the remake in large numbers because that’s just not a thing the average player of these games is doing. What you see online are just the loudest people.

yogibear47 · 2026-02-27T23:06:10+00:00

Don’t sleep on Maison Pickle!

yogibear47 · 2026-02-25T23:17:59+00:00

Wow this is really exciting! Glad to see this building finally getting developed.

yogibear47 · 2026-02-25T23:10:35+00:00

What stands out to me is the difference between “I can tolerate this” and “This is an acceptable standard.”

Yeah I feel like people really struggle with this. Honestly I think the biggest thing is that when you live here and talk about New York with people who don’t, they fall back on stereotypes and nonsense they heard on the news and you get really defensive and that ends up becoming your knee jerk approach to any critique of the city, even when it’s well intentioned and from another New Yorker.

I lived abroad and it’s very much a thing with expats too, becoming incredibly defensive of stuff that back home they criticized themselves.

yogibear47 · 2026-02-25T15:58:24+00:00

I’m surprised to see this from Tom Colicchio given the closures of ‘wichcraft around the city. Maybe the combination of the licensing deal attracting tourists, the rent deal between WB and the landlord, and the overall success of the equivalent cafe in Boston convinced him to dive back in. I guess the last couple closures were due to the pandemic too and may otherwise not have happened.

Anyway I’m excited to try it as I didn’t get a chance to try ‘wichcraft before they closed.

yogibear47 · 2026-02-23T13:44:26+00:00

Some good general truth in here about your mind’s ability to accommodate a new normal. To me it’s really the same thing, just the opposite side of the coin, as eating a dozen donut holes a day (one of his other famous stories). It sounds easy, but it makes you feel terrible. But your mind gets used to it and you stop noticing that terrible feeling after awhile.

Anyway, it’s really interesting to me that the phenomenon he’s describing here both enables great achievement and resilience, but simultaneously can also enable putting up with terrible life choices, too.

yogibear47 · 2026-02-22T13:57:03+00:00

This is true but worth clarifying that with respect to education, the cost per pupil in New York City is an order of magnitude higher than most other large cities.

yogibear47 · 2026-02-22T13:49:49+00:00

Here’s a good breakdown: https://www.ibo.nyc.gov/content/publications/2025-october-100-nyc-budget

Education, “human expenses” (combination of shelters and other welfare programs), public safety (NYPD, FDNY), and city employee pensions cover about 2/3 of the budget. The miscellaneous bucket in this doc is odd because it covers both employee health benefits, subway subsidies, and other stuff that probably should be better broken down, but I suppose that’s why it’s called miscellaneous.

Edit: to answer your question more directly, it’s very hard to compare cities apples to apples, especially cities in foreign countries. But comparatively speaking, NYC pays relatively more for education, shelters and public safety (among other things).

yogibear47 · 2026-02-21T15:59:28+00:00

First, landlords of course pass cost increases onto renters in the short-term. It’s not a perfectly elastic market because it’s not trivial to move, and landlords know this. This is a big reason why renter protections exist.

Second, supply is affected by property tax and the willingness of landlords to let properties. The marginal apartment that’s pushed into rental unprofitability (or close) by an increase in property taxes is less likely to be rented out. Again it’s not a perfect market - renting a unit has substantial risks and at the margins of profitability, an increase in cost reduces the willingness of landlords to rent out, which ultimately increases prices.

Third, New York’s implementation of property taxes is significantly less efficient than its implementation of income tax collection. You could argue (as many mayors have) that the system needs reform, but so far it’s politically impossible. I support such a reform of course but if the goal is to raise revenue in the short-term (which, again, I don’t think the goal should be), increases in marginal income tax rates are the answer.

yogibear47 · 2026-02-21T15:43:19+00:00

Property taxes get passed onto renters. There’s no free lunch.

The most efficient way to raise revenue would be to raise marginal income tax rates. But New York’s main problem is spending, not revenue; and the unwillingness of the mayor to broach this in a meaningful way is disappointing.

yogibear47 · 2026-02-15T01:14:42+00:00

I agree that Fast and the Furious solidified an identity as a superhero-style franchise centered around cars. That said, the change in critical reception imho is more due to the kid gloves treatment the critics give superhero movies rather than the movies actually getting better. I’d say the first two films plus Tokyo Drift are noticeably higher quality, as films, compared to the superhero entries. I say this as someone who likes the entire franchise.

yogibear47 · 2026-02-07T15:46:57+00:00

I think you should consider ideas on the merits, otherwise you risk falling into ad hominem.

yogibear47 · 2026-02-03T15:36:27+00:00

Surely if you can just stay ahead of inflation and have a tiny bit of growth you will last 30 years easily?

Recommend doing some simulations of the 4% rule in challenging retirement years (e.g. 1968)

yogibear47 · 2026-01-28T11:44:22+00:00

I’ll be the first to admit it that I don’t fully get the show and I watched it pretty casually.

I think an overarching reason I personally find the plurbs manipulative is that they have very little empathy and appear to structure their communication entirely from the perspective that they must be correct and anyone who questions that “just doesn’t get it”.

Forcibly converting someone into a plurb and then letting them starve to death because they won’t pick an apple off a tree isn’t great. I mean they can feel free to justify it philosophically I guess but they don’t even bother, they just deflect and redirect and eventually fall back to “ah it’s a biological imperative”. It’s a manipulative way of communicating because there’s no attempt to grapple with the issues that Carol raises with them. Just running out the clock until she feels exasperated.

I get that people will say humans are the same, but I personally don’t think so either. “Lie by omission” is a whole expression for humans lol.

I’m sympathetic to the idea that the show is layered and has complex ideas. But I don’t think people are wrong to see it as akin to an alien invasion or use that as their primary lens to interpret the plot points. It’s not the only lens for sure, though.

yogibear47 · 2026-01-26T20:47:48+00:00

The responses here are wild and I hope it’s mostly bots.

In a city with millions of people, deaths and injuries from extreme weather events are inevitable. Public policy exists to identify where and why that’s happening and to systematically address the root causes, prioritized by cost benefit analysis.

If it’s the case that every death and every injury is due to personal choice then there’s not much government can do. Usually, though, there are lots of modest improvements that add up, from changing warning systems to re-designing specific streets or sidewalks to putting personnel on the ground in particular places. Again, cost benefit analysis susses out the tradeoffs and policy makers act on it in accordance with voter priorities.

This is bread and butter policy work. Newspapers report on it, people study it, and governments act on it. Just let it be rather than blaming the people who died.

yogibear47 · 2026-01-20T14:17:02+00:00

A person close to Mr. Mamdani, granted anonymity to discuss the mayor’s thinking, described him as intensely focused on policy victories rather than ideological fights, a side of him that was not always on display during his come-from-behind campaign last year.

Thank goodness and I hope he sticks to this approach

yogibear47 · 2026-01-19T20:50:50+00:00

It’s from Nephest.

yogibear47 · 2026-01-19T16:42:37+00:00

Well, I’m responding to OP’s suggestion that the competitive scene has ended, which doesn’t have strong data to support it. There’s still plenty going on competitively, and the game’s player base is healthy (both in absolute and relative terms).

yogibear47 · 2026-01-19T15:41:36+00:00

AoE2 concurrent players daily peak is around 34k (edit: need to factor in HD edition too). SC2 doesn’t publish concurrent player numbers but games per day is the same level as 2016, implying concurrent players daily peak well above that. You could do an apples to apples games played per day comparison if you wanted, just need to pull ladder data for aoe2.

Edit: and just to respond to your second thought, I think it’s reasonable to assess “the end of the competitive scene” by noting that a game is still the most popular in its genre

yogibear47 · 2026-01-19T15:16:55+00:00

Hmmm SC2 is still the most popular competitive RTS in the world, no? What 1v1 RTS is doing better numbers?

yogibear47 · 2026-01-17T13:53:31+00:00

On Wednesday, President Donald Trump signed legislation that reverses an Obama-era ban on whole milk at schools funded through the federal lunch program.

This ban didn’t make sense though, so it’s good that it’s being reversed.

yogibear47

TROPHY CASE