/biz/ - Business & Finance

not a regular in this thread but shkreli got me interested in investing, how's he doing? anyone send him letters?

Morning all. I’m fresh off a 24 hour ban thanks to /pol/ mods.

>>9868599
And none of you fuckers missed me

>>9868576
No one cares about stocks gramps

>>9868576
1965 IQIYI guy from yesterday. Lost about $2k but I'm ready for a day of fed fud fun!

>>9868608
SMG was the only thread to almost hit bump limit yesterday

>>9868608

>>9868607
get fucked faggot :^)

todays the big day

>>9868608
ha you goyim are gonna get so fucking bogged today by the U$D mooning and you arent even gonna know why (yes my child, the FED exists).

enjoy total loss

>>9868680
/SMG/-U ACKBAR

>>9868576
IQ please moon. I don't care about the money, I just need to feel like I accomplished something today

I longed gold right at yesterday's low, wonder how fucked I am

>>9868905
279.5-280 on tap.

>>9868939
not bad yet. but id get out if you see the dollar taking off desu

>>9868941
yeah ya know think the stock market will handle it alright. commodities might take a bit of a hit too. but crypto is gonna get absolutely blasted. theyre already about to break down and lose their channel again. U$D mooning like last time will fucking smash em right now. theres hardly any buyers

>>9868970
oh shit its even worse than when i looked before. BTC to $1000 is a fucking real possibility.

>>9868939
hey a lot of buys coming thru on GLD right now. looks like you might get a pump before FED news

>>9869010
Well that's a relief, wanted to make a few shekels on GLD to fund a bond long after the dump ends

Plan 4 2 day!
No shorts today!

Looking for rejection @ 280 for short
If not long until 283!

>>9868607
This community only cares about lunch bro and making money.

>>9868905
Pls USD pls of stop mooning
Think of all the third world enocammy

The euro was supposed 1.40
The DXY was supposed 79

Pls me no want lose all forex money nuuuuuu

>>9868939
If you're getting fucked I'll get fucked too mate.

>>9869098
so far GLD and SLV are getting some action right now. gotta check back at 2

>>9869094
Smoke em if you gottem

>>9869027
>>9869094
its shitpost day. we arent going nowhere till we get through that at 2PM
dollar will prolly moon again on a hike.
and if you think the FED gives a hoot about emerging markets, youre delusional.

Quick reminder that Big5guy is going to make a lot of money when this baby hits MID-TEENS

>>9869094
Just let gravity do its work

also is anyone else seeing APHQF at 10.40 right now? cant tell if its just an error on my chart. this OTC ticker is wonky as fuck

>>9869142
Fuck yea, me too

>that Nintendo drop

Fugggggg

>>9869124
When I was doing my EMT clinical in the ER they brought in an old woman who looked exactly like this. Probably early 70s with a 6 in gash on her forehead. The only thing she wanted was her plastic surgeon. Everytime somebody would go in her room she’d beg them to call him. This was at 2 am on a Saturday.

>>9869180
whens their E3 conference?

TSLA
AMD

Predictions and feeling on both?

Mine is TSLA 375-400 soon, AMD 40 this year

>>9869180
Should have listened to the high IQ poster who said they didn't like it. Seems low IQ don't catch onto patterns that fast.

>>9868608
Lol

>>9869182
Holy shit lol

It's 39 now

Anonymous (ID: BkG0WZAq) 06/05/18(Tue)06:45:32 No.9757615▶>>9757631 >>9757647
Nintendo's still dropping, I'll probably double down if it hits $45.

>>9869202
>>9869190
You're not fooling anyone, you're good at fishing for (You)'s though.

>>9869218
Nah, it'll open around 43-44.

when is the shit post press conference?

>>9869223
Eh nintendo not doing that bad desu, I had the wrong chart

>fooling anyone
explain?

How is posting a $40 AMD this year prediction fooling anyone? How is posting a short term 375-400 TSLA prediction fooling anyone?

People can check those results and see if I was right. Then they can add in random luck and have some idea whether I am predictive or not even if they both happen while hopefully factoring in how outlying my $40 AMD prediction is.

>>9869230
sounds good

I remember replying to a ntdoy shill that I didnt like it at all.
Feelsgood

>>9869240
http://www.morningstar.com/news/null/ST20180612115810pohare/looking-ahead-june-13-2018-fomc-meeting-and-press-conference.html
2pm FOMC projection/interest rate decision
2:30pm conference

>>9869230
And it only dropped around 6% on the TSE so NTDOY should close above $44. I'll just hold through the end of the week and wait for it to rebound.

Opinions on investing in early biotech? $SESN? $ACRX?

How to hunt for companies nearing fda approval?

AYTU Dick Pills MOON ahead of Fed conference. Everyone's plannin' to go home and hatefuck their wives this afternoon!

>>9869240
25 basis pts is expected. just like last time.
the real boggening is if they announce that theyre getting more aggressive and hint at a 4th one this year. if that doesnt happen, i think everything will be ok. maybe have a messy day or so, but well blow by 280

>>9869275
Nintendo is just horribly positioned I'm afraid. The brand has more value in s o y boys than actual children these days.

There are a million competitors with switch and the initial high sales is more due to s o y boys and fanboys than showing demand that will last over years.

They simply are becoming worse and worse over time. No innovation. Look at pokemon over the years gameplay wise. No kids are going nuts over pokemon but they will fucking do fortnite dances out in the street after school

>>9869278
>retail investor
>hunt companies nearing FDA approval
>asking this advice on smg

You become an expert / insider with domain knowledge or you choose somewhere else to gamble. Your strategy makes zero sense. Why would someone with no competitive edge win in that space?

>>9869190
TSLA peak 360, sideways 330 then down to 250 on end of quarter news.

>>9869124

>>9869140
But the IMF promised! They promised!!!!!

>>9869145
Gravity is irrational ;_;

>>9869293
>Filename
I laughed

>>9869298
I'm just range / swing trading, looking to sell when it swings above $50 again.

>>9868576
What are y'alls take on the marijuana stock Aphria and its recent announcement of growing in Columbia for a 20 million dollar investment. Hopefully, they get a contract with Canada

>>9869313
my end times on tsla is mid july. The 375+ prediction is short term, like 40 days short term.

peak 360 is a nice low IQ prediction though. You have about 120 IQ which is respectable enough.

>tfw holding an assload of IRDM on margin

>>9869278
>How to hunt for companies nearing fda approval?
the million dollar question right here.

i dont like early biotech. its even riskier than options. tried to talk my buddy out of holding 22k shares of AKER. told him to sell the first pop. he held. told him to sell the second pop. he held. now the company lost its FDA approval, and since that ws the only thing they had, they plummeted. then the entire board of directors got changed out and hes looking to wait some years for a possibility to get out.

the only advice i have is be careful

>>9869314
kek
the IMF exists to economically leash the world

>>9869343
IMF

>you need lots of loans
>you need an open border

>>9869347
kek
yea exactly. they make their lunch money fleecing countries with predatory loans w a buncha strings attached

TWO SECONDS TO NONEXISTENCE

>>9868607
too bad it wasn't perma :)

>there are people in this thread who don't have TESLA 350 calls

oh the pain and regret :^)

>>9868576
Since it's prettt obvious the rate hike is happening, is it really worth trading the news today?

Friends...
Its time to stop.

Crypto was fun for a few dollars here and there but its looking like the price will crash even further and im just going to HODL and wait it out.
Until then....how can i start investing in stocks?

I have maybe a thousand dollars max to invest. In crypto thats a ton, but i always felt like with stocks, to see a noticeable ROI you have to invest 10,000+.
Im not a big baller yet senpai. Im 22 and a junior in college. Any tips on how to start a decent portfolio?

TSLA 346.0996 +3.33 (+0.97%)


triples Its ending above 355 today.

>>9869391
buy the shit when its expensive, and sell it to me when it drops.

>>9869391
buy a risky option with all your money

>>9869330
This entire rise has been all emotion. All the "news" that has come out has been grossly blown out of proportion by enthusiasm. The dip yesterday on announcement of 9% job cuts shows people are reigning themselves in and the short squeeze is losing momentum.

>>9869407

Advanced Micro Devices Inc (AMD:NASDAQ)

New 52 week high

reminder that PEP goes up forever

>>9869420
meh, why explain all of that. 120 IQ analysis isn't unique.

AMD cracks $16
New paradigm
$40 is going to seem reasonable soon and everyone will have to find some delusional reason why I was wrong or lucky.

>>9869454
I cant handle this amount of winning anymore. I am holding assloads of IRDM and AMD on margin. Warren buffet can suck my dick.

>>9869140
EM may be important because they crash, there will be a margin call on those positions sending the rest of equities tumbling

>>9869441
dang, you got me. Better roll those 350 calls up to 375. It's the true high IQ play.

Alright. Time to go all in on GERN on this dip. Will see you in lamboland Q3.

>>9869492
nice, imagine all the low IQ shorts/puts

>but it goes up and down this graph thingy

100 IQ pattern matchers who think things must repeat given different situations everytime.

>>9869498
yeah but they have to take a hit. FEDs raising rates by 25 pts today. central bankers see EMs as ammunition

No volume today, looks like shit is going to hit the fan.

>>9869549
These 25bps are expected and priced in. What is important is Powell's accompanying words.

The recent macro data suggests a resurgence of inflation. Market is thinking of a high chance of a more hawkish stance.

>>9869564
meh thats how it always is right before hand. well get some big pumps and dumps that will fade as big guys take positions, but thats it. last shitpost everything was quiet then it mooned.

>>9869564
Something tells me most of these "indicators" are as fucking useful as astrology predictions.

where the h*ck is thread 2?

>>9869577
Emotions move the markets. Emotions and algos.

>>9869564
only thing that gonna hit the fan is massive green candle

>>9869591
More like abject stupidity.

r8 my meme bag
Bought EA and SRC this morning.

>>9869575
lel yea thats exactly what i said. nothing bad happens unless FED is more hawkish.

>The recent macro data suggests a resurgence of inflation.
ive noticed CPI getting moved around a lot the last couple days. do you have a better chart or indicator for this?

>>9869577
>Something tells me most of these "indicators" are as fucking useful as astrology predictions
something tells me youre retarded enough to not know what volume is. the low volume is giving us a clear indicator that nothing is happening today till after 2

>>9869645
been holding ATVI since a bit before E3. Make sure to dump your bags on the last day of E3

>>9869645
Good portfolio performance, tragically its on no money

wow! Is this just gonna go up a dollar everyday from now on?

>>9869686
My performance was even higher before I cashed out XIV at $120. The service I use literally only gives you your current performance across all stocks, not historical performance. I was at like a 30% return.

I could have made more money on XIV, but I didn't lose all of my money on XIV, so I'm chalking it up to a win.

But yes, trading stocks has thoroughly convinced me that the communists are right.

>>9869678
I might stay long in EA, tbqh. I don't think videogames are going anywhere and EA's been there since the start and they're still here now.

The $200 in SRC is my meme money.

>>9869435
I bought some yesterday because of you PEP shill. I likey.
>>9869645
>EA
I hope you're not holding longterm.

>>9868680
BASED

>>9869669
Trust my brain enough to know volume is astrology or unbelievably low correlation except in the most extreme cases.

>>9869717
>has thoroughly convinced me that the communists are right.
wow champion

>>9869753
thats fucking retarded as shit anon. if theres no volume it doesnt matter what anyone is "thinking/feeling", or how "lo their IQ is", because its not going anywhere. no volume means no ones trading it.

there will be no volume until 2 and the indexes will stay range bound until then as a result.

>>9869717
I was the opposite. Trading stocks convinced me that communism was wrong.

>>9869717
faggot pack your shit up and move to venezuala or cuba

>>9869717
>But yes, trading stocks has thoroughly convinced me that the communists are right.
If gomminism is right, you might want to buy Bolivars. They're drastically undervalued.

>>9868576

>that low IQ poster who said AMD would have a pullback

>>9869717
>communists are right
actually commies are leftists

>>9869719
>I hope you're not holding longterm.
Maybe, maybe not. Haven't decided yet. I'll probably be left holding bags.

>>9869775
>>9869789
>>9869804
>>9869811
>outperform the market 10:1
>don't have enough money to turn that into real gains
So this... is the power... of
e q u a l o p p o r t u n i t y

>>9869789
their weak ass prop and literature was what convinced me it was retarded. you have to be exceptionally naive to think that such a starry-eyed view of the world is anything other than an absolute fabrication

>>9869832
not trotskyites
theyre neocons

>>9869512
Yep these are the fools who i gradually siphon funds from without lifting a finger.

Hey guys new to this. So I’ve been using Robinhood for a while now but want to venture out to a different type of dashboard any recommendations?

>Pump Tech to a new support

>>9869894
If someone legitimately tried to pump tech, id be cashing out tomorrow.

>>9869845
You expect somebody to give you the money to make real gains?

>>9869880

Some algorithm that analyzes the "trend pattern" vs some bigger metric and predicts people overplaying specific stock trends rather than the sector?

It would be interesting to run algorithmic analysis on markets to make easy money. I don't know if the one I mentioned above would work but I'd imagine the algorithm hedge funds all have little tricks.

>>9869845
The stock market is not a viehicle for distribution of wwealth. The stock market is a place where distributed agents get rewareded for efficiently allocating money. In sane society, you get paid for providing a service. Allocating money efficiently is a service, but you need to allocate lots of money if you want to be paid handsomely.

>>9869894
I BETTER BUY IN BOYOS WHAP IT OUT!

>>9869435
KO is king of dividends though, Pepsifag.

>>9869921
This is the positive side to the stock market. The negative side is the gambling/betting and taking advantage of low latency trading bots etc.

The stock market does serve the purpose you post ideally. In reality that's become a small portion of it.

>>9869678
I hold ATVI long term
I sold a covered call ($75 strike, aug expiration) against my shares and shit is ITM !!!

I want to keep my shares ;_;

>>9869651
I am not a macro trader. I try to learn by reading guessing and being wrong.
I saw the data on Zero Hedge.

>>9869845
its a game of percentages it literally couldnt work any other way even if we wanted it to.

>>9869920
People often fantasize about writing a program that can 'find the best stocks' without really having an idea of how to find the best stocks themselves. Computers are good at automating tasks you do a lot, so step one is to figure out how to pick the best stocks. Step to is to automate that.

>>9869956
Meh, I have zero interest in doing so. I do not fantasize about that.

If I put the effort into that I'd just make an AGI.

>>9869919
No.

>>9869921
>The stock market is a place where distributed agents get rewarded for efficiently allocating money
That's not true at all.

The stock market is a place where you buy and sell stocks.

What you said is a fantasy, or maybe an aspiration, but not reality.

>>9869957
Imagine a world with no stocks.

>>9869936
PEP actually beats it in the dividend arena

>>9869920
The secret is to throw all your algorithms in the fucking trash and start looking at the real world, practical implications of what these companies are doing. I bought AMD because its obvious their 7nm was going to rape intel by 18 months lead or better. I bought IRDM because their NEXT satellite launch and mission is going extremely well and only pending 2 more launches.

>>9869977
AMD is a gimme though. I mean every alarm bell in my brain went off when it hit $10.

>>9869977
Another trick is to look at what the shills are fighting against and just buy it. I bought TSLA after elon shit on investors during the conf call.

>>9869972
>Imagine a world with no stocks.
I'm imagining a world where raising money to start a business is impossible.

>>9869984
See you are looking at the fucking numbers for some sort of signal. Its pointless and will lead you to the poor house. Focus on the innovations and competitive landscapes. I know it takes more time and effort, but nothing worth doing is easy.

>>9869920
kek
youre fucking kidding right?
i thought you JUST said graphs and indicators are useless? youre retarded anon, its official. how the fuck do you think the computers are gonna generate buy/sell signals? or wait, dont tell me, ur gonna program a computer to sense peoples feelings and judge their IQ, right?

UPTREND

>>9869845
Equal doesn't mean just.

If 3 people are learning and than working hard, and we have one lazy bum, than taking all 4 of them and giving them the same remuneration, will be equal, but will not be just.

Opportunities are never equal, but more often than not, they're just. You work hard, you get "better" opportunities.

>>9869997
Why would I post my entire reasoning? I'm gonna spend 100 hours decoding my thoughts to a post?

The alarm bells wasnt the number.

>>9869999
volume is not represented in a stock price graph vs sector graph and their historical patterns.

>>9869717
>>9869945
I analyzed the 7 past E3 conferences and the video game stocks usually dump the day following E3. Just book your gains on the last day and rebuy a few days later

>Bomp et to new height
>Lower rate back to 0%

>>9869972
>Imagine a world with no stocks.
Medieval europe ?

>>9870032
thank you senpai

>>9869999
CHECKED

>>9869972
If you buy and sell efficiently your rewarded for it by higher gains. That’s literally how it works.
If you were smart you’d just reinvest your gains till you make enough to get a decent return.
Your problem is you want to be rich overnight without doing any of the work.

>>9870039
the fuck is that keyboard layout? AZERTY??

>>9868608
>Bill Gates "Pathetic"

>>9869972
>>9870039
I have been thinking about what a country part fo the third world
I think that one of the reasons is the lack of capacity to store and transmit wealth.

They usually have shit monkey money
Their companies are shit and have dubious accounting practice. And their government usually treat them as their own subsidiaries, fucking over the shareholders.

>>9870058
Yes why ?

>>9870058
He's an outlander.

>>9870071
those places are almost entirely low IQ as well

no competitive chance unless they are just exporting resources or opening a tourist joint.

>>9869972
ok then
>be bye capitalism.
>bye bye free market
>yay
>im so glad everyones getting along.
>oh wait, theres no food.
>damnit half my family starved to death
>this sucks
>im gonna do something about it
>aw shit turns out my ma works for the KGB
>guess i get to go to siberia and smash rocks into smaller rocks now
yea that sounds like paradise

>>9870020
youre gonna need some more indicators than that to write an effective algo anon. the computers cant judge things for themselves. if youre planning on trying it, you need to have a way to filter out various prospects to find the real good ones. you dont want an algo that just takes any old trade. it needs to be specific. so you need to narrow it down

>>9869995
>I'm imagining a world where raising money to start a business is impossible.
Unions.

>>9870019
>Opportunities are never equal, but more often than not, they're just.
Laughable.

I can tell that the concept of genetic privilege and Rawlsian distributive justice has never even crossed your mind.

Sure, meritocracy makes sense, but don't call it just. IQ is a very strong predictor of income, but you didn't work for your intelligence. It was just fucking given to you. It's arbitrary. But because you've got a high IQ, like as not you'll be making twice as much as someone else who works just as hard but is half as smart.

And maybe that's the way it should be, because everyone is better off if smart people get paid more, but don't call that justice unless you're prepared to offer a justification for how heavily our society rewards something as arbitrarily bestowed as intelligence.

There IS an argument that justifies it, and I've laid it out here, but that's not the argument you gave, and it doesn't justify the broader point that you are attempting to support - the stock market in its current form.

>>9869717
>>9869845
Anyone who identifies with communism or thinks its a good idea is a special type of autism and stupidity coupled with naivety.

>>9870095
>low IQ
I think it is correlated
Low IQ tends to take profit in the short terms at the total expense of longer term profits

What kind of progress can you expect from people who are bound to rebuild things over and over again ? (answer is none)

>>9870103
How the hell do unions start a business?

Also IQ doesn’t predict shit.

is there actually an unironic commie here right now?

>>9870050
Right, his 'problem' is he thinks he's a brilliant trader (which may very well be the case) but he sees that he'd make more money if he did the same amount of work, just if only he had more money to play with. What he doesn't realize is that brilliant traders provide an excellent service and are paid handsomely for it. They're just not called day traders, they call themselves investment advisors and have spent a lifetime of work building a reputation and client base.

>>9870103
>smart people work better and contribute more to society
>somehow it's not just if they are paid more
let me take a wild guess, you are the autist who posted his dystopian job market allocation system yesterday

>>9870050
>Your problem is you want to be rich overnight without doing any of the work.
How dare I want what other people get because of random fucking chance. How dare I ask for a life not decided for me before I was even born by a fucking dice roll. The sheer fucking audacity of me.

>If you buy and sell efficiently your rewarded for it by higher gains
Wrong. No matter how efficiently you buy and sell you will never achieve higher gains than someone with a fraction of your acumen (but still enough to turn a profit) but a mountain more wealth.

That's. Literally. How. It. Works.

>>9870071
It's corruption. That's it.

They can't make products efficiently so they can't export things to get money flowing into the country, and they can't make products efficiently because of corruption that prevents the provision of the public goods necessary for business to thrive.

That and foreign aid.

>open a shoe business
>UN gives out free shoes on the corner
>close my shoe business because no sales
>have to line up for free shoes

>>9870130
>How the hell do unions start a business?
1. take union fees
2. spend on more capital
3. hire more workers
4. get more union fees

>>9870130
>Also IQ doesn’t predict shit.
Wrong.

SWING UP YOU MOTHERFUCKER!!!!

Is AMD a good buy?

>>9870103
>Unions
Unions in my country have an income of 500 millions euros a year. They have never, ever been able to use this money for anything else than lavish appartments and sausages for protest munchies.

>>9870156
Most business nowadays are started by four poor kids in their basement. If they pooled money, they'd come up with $10 and wouldn't get off ground zero.

up and up the ladder to success

>>9870147
You know nothing of building wealth and never will.
>>9870156
That’s not starting a business that’s maintaining and growing one you stupid fuck. In order to have a union you have to have a business up and running. That’s probably the dumbest post I’ve seen on /smg/.
>>9870164
No it doesn’t.

>>9870156
You forgot the whole entire part where unions become corrupt and a total piece of shit.

>>9870139
>>somehow it's not just if they are paid more
There are two ways to approach it.

1. everyone is of equal moral worth therefore any circumstance where someone has more than someone else needs to be justified
or
2. we can understand a just society by imagining that we have to design it, before being randomly placed into it in any social position (i.e. we design the society that we would want to live in, if we had to consider that we could be literally anyone, from the top to the bottom - born a genius or a literal retard or anything in between). Rational logic requires us to design a society of equality.

>"BUT MERITOCRACY MAKES SENSE"
YES! But only in circumstances where the inequality makes everyone better off. Pay doctors more, get better healthcare for all. Good. Pay doctors more, get the same healthcare. Not good.

>>9870189
>$6
Enjoy your pack of gum buddy

>>9870206
Must be some well shite gum to be only $6 :^)

People who identify with groups like MS-13, Communists, and Unions are animals.

>>9870175
>He trusted Elon Musk.

>>9870206
be nice

>>9870206
thanks I'm glad I chose to invest and told my bank savings account to go fuck itself

>>9869719
Goddamn those Nintendo slant eye fucks for not making a new advance wars.

>>9870203
>pay the teachers with entry-level wageslave salaries because "muh equality"
>get shit teachers because everyone with a brain avoid teaching like a plague

>>9870203
Shut up disgusting commie

>>9870185
>Unions in my country have an income of 500 millions euros a year. They have never, ever been able to use this money for anything else than lavish appartments and sausages for protest munchies.
Gulag :DDDDD

>>9870188
>If they pooled money, they'd come up with $10 and wouldn't get off ground zero.
So ask the union for money. The union gives them capital and then they start a co-operative.

>"but why shouldn't they be able to profit off their ideas!"
Maybe they should be allowed to, if it makes things better for everyone. But first you'd have to prove that, not just fucking say it.

In the situation where that's not the case, then it's obvious. Their ideas enrich themselves at the expense of others, and why should that be permitted? They didn't work to be smart, they were born that way. It's hardly fair that their arbitrary advantages should position them at the top while fucking over everyone else.

Unions are greedy lazy pieces of shit and if you think they are great you have never worked in a real business

>>9870203
The problem with everything you described is that it's all subjective abstract bullshit that only holds value in a made up fairy tale of a world.

How do you determine moral worth?
How do you define a just society?

>Rational logic requires us to design a society of equality
Says who? Rational logic in this world is nothing but a means for survival.

God damn it, are communists a special type of stupid.

https://www.technologyreview.com/the-download/611419/we-can-now-use-ai-to-see-through-walls/

>>9870220
I don't trust the Musk I'm just tryna make some fast dumb money
>>9870222
I am being nice! I told him to enjoy his well-earned gum. (And to put away $2 for taxes because Uncle Sam wants his cut)

>>9870254
We can now use AI to see through walls
Wireless radio signals can be used to monitor a person’s precise movements through a solid wall, thanks to artificial intelligence. The technology could help us monitor people for health and safety less intrusively—but it also raises a range of security and privacy issues.

X-ray visionary: Dina Katabi, a researcher at MIT, has been developing technology for detecting people and their movements behind a solid wall using radio waves. The approach relies on cutting-edge machine learning to interpret the signals.

Stick figures: Katabi and her students trained an AI system using radio signals and video footage of people moving around. This made it possible to generate stick figures showing what people were doing behind a wall. The system, called RF-Pose, can also distinguish between different people reliably. Here’s their research paper.

>>9870201
As opposed to the banking sector, which is flawless and pristine.

>>9870198
>You know nothing of building wealth and never will.
Ad hominem.

>In order to have a union you have to have a business up and running.
Wrong, you only need an industry.

>"but what about emerging industries"
Sounds like a great opportunity for an existing union to make mad cash. Or the government can fund it, much like they fund blue-sky research, to prevent monopolistic super-unions. Once the industry is on its feet the government would release it to the workers to establish new unions.

>No it doesn’t.
You're literally wrong and you can look it up, brainlet.

IQ predicts income strongly.

Type that into Google and tell me what you get. You won't. You're a coward.

>>9870103
>Unions.
unions would be all well and good if it werent for the fact that most of them now are major lobbying groups for DC. theyre essentially organized crime groups that buy off politicians for favorable legislation to increase their profits (to share (some) with the union. YAY. this totally isnt like a gang or a cartel or sumthin). and to make it worse, they do it under the guise of helping the worker. really its all about keeping the money-go-round spinning in between DC and the unions. unions pay polis to pass bill/write grant. polis get brownie points with socialist fags. unions get to destroy competition as their wages are subsidized and can undercut everyone private. then they stretch out whatever job they have (thanks to retarded overly restrictive union regulations) to make it look god for the politicians (make-work economics), and grab as much free govt money as they can.

and as a side note, the way many of those unions work (like teachers union), you literally CANNOT get a job without joining (which should absolutely be illegal as its essentially racketeering)

unions are such fucking garbage, and judging by the rest of your psuedointellectual jabbering about rawlsian distributive justice and genetic privelage, you should invest in ROPE and KYSF

>>9870103
Being arbitrary doesn't make it unjust. Justice is giving each man what it deserves.
Intelligence is given, that doesn't make it just but it doesn't make it unjust either. It just is.
However if you with your intelligence which it's right for you to use (because its yours) are more productive then you deserve to be payed more. Not because you're more intelligent, but because you're more productive.
If genetic privilege was something unjust then the proper thing to do was ending it by all means possible which is not only madness but also useless.

Guys, read the OP picture

>>9870103
>but you didn't work for your intelligence. It was just fucking given to you
wew
i missed that one
thats easily the dumbest shit ive ever read in my entire stay at /smg/. youre more retarded thn that hi IQ guy by a wide margin

>>9870241
It is extremely fair that people who come up with good ideas and execute on them are handsomely rewarded. It is extremely fair that those who are effective at identifying ideas and allocating resources towards them are rewarded.

Quite frankly I'd be disgusted to live in a society where 70 IQ freeloaders are as well off as intelligent and productive individuals.

>>9870245
This.
Even when you have actually decent unionized workers who actually care about the company and want to keep it afloat and make it better, you'll have the upper ranks of the unions who will stir up shit purely because of red ideology all the time.
By default, if I get a resume about a guy with a unionized past or who studied in a red university, I throw it in the recycling bin without even reading more.

>>9870132
spit on him bruddah

My "job" is unionized and all they do is rape my paycheck then spell my name wrong on a "membership card"

>>9870237
Read the post again. Specifically, this part:

>"BUT MERITOCRACY MAKES SENSE"
YES! But only in circumstances where the inequality makes everyone better off. Pay doctors more, get better healthcare for all. Good. Pay doctors more, get the same healthcare. Not good.

>>9870239
Day of the guillotine soon.

>>9870252
>The problem with everything you described is that it's all subjective abstract bullshit that only holds value in a made up fairy tale of a world.
le edgy cynic faec XD

>How do you determine moral worth?
You don't. It's a given. Every human being has equal moral worth.

>"I DISAGREE"
Cool, please exit civilised society stage left. The idea that people are inherently value, equal in dignity and rights, simply by virtue of being human, is the foundation of Western society and, dare I say it, prosperity. One man - one vote? Sound familiar?

>How do you define a just society?
Carefully, comprehensively, and collaboratively.

>Says who? Rational logic in this world is nothing but a means for survival.
Literal Hitler-tier "thought." Who cares about being right, so long as I win!

Protip: Hitler shot himself.

>>9870274
>As opposed to the banking sector, which is flawless and pristine.
No the problem with people like you that makes me want to strangle them is that you don't see how humanity is flawed. It doesn't matter what sort of system you have, people are going to try to cheat and game the system. There will always be people on top and people on the bottom because life isn't fair and no system is going to fix that.

>>9870254
>>9870269
Time to line my walls with foil

>>9870287
based

>>9870276
I agree with your entire diatribe about modern unions.

>and as a side note, the way many of those unions work (like teachers union), you literally CANNOT get a job without joining (which should absolutely be illegal as its essentially racketeering)
I also agree with this, actually, to an extent. It's hypocritical that workers can make cartels but businesses can't. On the other hand, there are practical considerations to weigh too. It's easier for the 4 big employers in town to make a cartel than the 3,000 workers, and one of those cartels is likely to be much stronger than the other.

>>9870323
Time to open a tinfoil wall lining business!

filtered

>>9870313
I'm not a cynic in the end but a realist talking to an idiot. Do you really think if any of the shit mattered that you were talking about the world might not be ruled by total sociopaths?

>>9870287
eh theres nothing going on till 2 anyways

I told you fags to go balls deep in DIS when it touched $100

Now look at you
Worthless
Thumb up your ass

>>9870263
for real though how much can I expect in taxes with stuff like this

>>9870341
I'm already in DIS. Based company.

>>9870277
>Being arbitrary doesn't make it unjust
Literally, by definition, wrong.

>Justice is giving each man what it deserves.
Look up what the definition of arbitrary is, then tell me how arbitrariness is compatible with giving everyone what they deserve.

>Intelligence is given, that doesn't make it just but it doesn't make it unjust either. It just is.
True.

>However if you with your intelligence which it's right for you to use (because its yours) are more productive then you deserve to be payed more.
False.

Why should you get more than someone else just because of your arbitrary privileges?

>"but i'm more productive!"
So? So too would they be, if they were as lucky as you.

>"but this system ruins incentive"
I fucking know, and I have posted about the place of meritocracy about four fucking times now if you would only fucking read.

>>9870341
>he did buy at 98 and sell at 100 over and over

>>9870294
Explain to me how you worked to obtain your intelligence. Not your knowledge, but your literal innate capability to think and learn.

>>9870313
Wage inequality always make everyone better off.
If retards who studied sociology or political sciences were making as much as engineers and doctors, everyone would do sociology because it's piss easy and society would gring to a halt.
Putting a value on people's skills is what make sure that tomorrow, you will still have doctors and not only former art students, or simply freeloaders.

>>9870352
3 yrs of accumulation, $DIS gonna pop so hard when it breaks free.

>>9870297
>It is extremely fair that people who come up with good ideas and execute on them are handsomely rewarded.
Not if the distribution of ability to come up with good ideas is arbitrary.

>>9870156
here's what really happens
>steal 100% of wages
>leave the country
>workers take to the streets after work to barter their finished product for food
>blame the capitalists
>>9870226
They're too busying shitting out FE games slowly turning it into a dating simulator for normalfags
>>9870352
>acquire Star Wars franchise
>ruin it
Only DIS could do this

>>9870330
FUCK YESS!!!!

>>9870368
So I guess your idea is to sterilize dumb people right ?

Buy Honeywell, its good

>>9870320
>humanity is flawed
>he says, while living in a literal golden age of freedom and prosperity produced wholly and solely by the work of human beings

>It doesn't matter what sort of system you have, people are going to try to cheat and game the system.
Thus it's pointless even having a system? Are you implying that there is no difference between the US and China?

Moreover, you're fucking wrong. Some people - maybe even most people - actually do care. There are people all over the world who get up every day to quietly do their jobs according to law and principle. You just don't hear about them or know about them because you're a naive child who mistakes cynicism for realism. You've never been in government. You've probably never even stepped into the real world. The problem is that it only takes one fucking person - like you - to destroy the work of a thousand quiet professionals.

>>9870371
Disney reedemed SW after ep1,2,3 desu.

>>9870274
It correlates but doesn’t dictate. And yes I can google and more importantly I can comprehend what I read.
https://www.google.com/amp/s/www.forbes.com/sites/quora/2015/09/16/is-iq-a-predictor-of-success/amp/
http://www.unz.com/isteve/how-well-does-iq-predict-income/
https://www.verywellmind.com/are-people-with-high-iqs-more-successful-2795280

Where does DLTR peak? Is it time to sell already?

>>9870361
>Wage inequality always make everyone better off.
That's quite the sweeping statement.

Remember, you have to prove not just that the fact of wage inequality always makes everyone better off, but that the /magnitude/ of it is both important, and needs to be as high as it is today, for the effect to still exist.

If a wage inequality of 10:1 is sufficient to produce the maximum bettering effect, and we have wage inequality of 100:1, then there is still room for wage inequality to be reduced.

This issue is more complicated than you think it is, because you're not thinking. Take the debate seriously. It might not be to your taste, and that's fine - you can leave - but very intelligent people have spent their entire academic careers working through these issues on both sides.

>>9870387
No. It would infringe on their inherent rights.

somebody kill this guy

>>9870453
So far, you are the one to prove that tending towards wage equality makes the world better, and that's a pretty bold statement.

>>9870435
>It correlates but doesn’t dictate
Nobody ever said it was the single factor, brainlet.

>can comprehend what I read.
"IQ point predicts just 0.5% to 1.2% higher wages"
So an IQ of 130 vs an IQ of 70 predicts a 30-60% higher wage, but IQ has nothing to do with income.

Nice comprehension.

>>9870358

by taking time to learn how to read before i got into school. it took many years for me to do it, but i started reading by the time i was about 3, and by the time i was in 2nd grade i was reading large novels. my father also made me learn arithmetic at an early age prior to school, and left math books around for if i was interested. i was. combining that with the computer he got me in 4th grade, and the immeasurable time i spent on it at a young age seeking out new knowledge. etc etc

knowledge is what you gain from learning new things. intelligence is the ability to obtain and keep knowledge. thus, intelligence is the knowledge of how to get knowledge. if you dont learn that at a young age, you wont be an intelligent adult.

not denying the fact that genetics play some part in it (especially in terms of the average layman), but its certainly not the only factor. the important part is that a person learns early on how to increase their knowledge, and has the gusto to keep that drive to learn more for their whole life. THAT is intelligence and it means absolutely NOTHING without a shit ton of effort behind it

>>9870372
Satellite weapon
Can see through materials
automatically acquires all humans in area
eliminates them methodically
Standing next to someone, they die, a few seconds later you die.

>>9870474
The problem will be solved by time, he won't have kids and will probably end up ODing in a ditch somewhere with some red friends.

Cohen is currently singing to the FEDs according to an ABC source. Trump's going to be impeached get the fuck out of the markets, we're in for a dip.

>>9870423
The shitty prequels were better than the DIS movies.
VIII was dogshit, and I didn't even go see Soloman: A Star Wars Disaster.

I won't be surprised if the next Star Wars movie goes straight to bluray.

>>9870484
You don’t understand the difference between correlation and dictation do you?

>>9870413
>he says, while living in a literal golden age of freedom and prosperity produced wholly and solely by the work of human beings
When freedom is being stripped down every day, oh buddy you wouldn't know real freedom if it bit you in the ass.

>Thus it's pointless even having a system? Are you implying that there is no difference between the US and China?
No, the system that will take place will be whatever nature has in store for it.

>Moreover, you're fucking wrong. Some people - maybe even most people - actually do care. There are people all over the world who get up every day to quietly do their jobs according to law and principle. You just don't hear about them or know about them because you're a naive child who mistakes cynicism for realism. You've never been in government. You've probably never even stepped into the real world. The problem is that it only takes one fucking person - like you - to destroy the work of a thousand quiet professionals.
Yes because they all are free to do what they love which is why they slave away doing a job they don't want to and never getting around to the things they actually want to do. In the entire mean time of going through this daily ritual of hell together because "we care" when we are all casually destroying the planet together. Yeah buddy, keep coming up with assumptions for me to defend your arguments with but you wouldn't be able to see the forest from the trees, not that they will be there any longer in the future anyway.

>>9870353
Hey, you might be more handsome than me and that isn't unjust, it just is, the same as with the intelligence.
If you happen to get more qts making use of that natural beauty that nature has arbitrarily given to you (and therefore not subject to your moral considerations) that is not unjust even if it doesn't benefit anybody else but you.
If I were as handsome as you maybe I would get as many qts because they would appreciate and reward the pleasure that this added and arbitrary nature-given beauty gave them, but that decision is not arbitrary.
You're fighting reality and reality never losses.

>>9870481
>So far, you are the one to prove that tending towards wage equality makes the world better
Ah, but I have said the opposite loudly and frequently - that meritocracy has a place.

But if we assume that human beings are equal in dignity and moral worth - which we must assume, because to do otherwise is to be a nigger - this necessarily means that they should enjoy equal material wealth (I can elaborate on the link if you want but I think both of us accept the link in the premise, even if not the premise).

To defend unequal material wealth requires a justification against this above statement, and the justification is that it makes everyone better off. Sure. But that justification has to exist not just for the concept, but for every actual instance. It's not enough to say "generally this is the case, so I'm going to pay myself 100 times more than my workers and you've got no grounds to complain on this argument." You need to prove that
1. paying yourself more makes everyone better off
2. you couldn't pay yourself less and still have them be as much better off
every time you do it.

Do you need to prove it literally every time? No. There are practical considerations. But from a pure logic standpoint, yes.

>>9870509
>In the entire mean time of going through this daily ritual of hell together because "we care" while we are all casually destroying the planet together
Fixed.

>>9870505
REEEEEE

>>9870505
do you understand the enormity of that claim
do you think i'm taking that for face value at all

>>9869373
347.5 call here and owie my wallet

>>9870358
as an addendum, lots of people will refer to IQ distributions. the average is plenty enough to survive more or less. maybe not thrive, but live. the ones below that need help, but theyre far less numerous than the average.

the upper outliers on the other hand are not some sort of genetic freak where they were just given it by god or genes or whatever. they are the average man who has ascended via taking it upon himself to rise ABOVE the mean.

this is a very important concept that damn near very commie ive ever talked with has absolutely no concept of. without personal effort, "smarts" mean shit all.

THIS is why not everyone is equal

>>9870505
That would be months and months from now. The call to get out is too early. Cash is nice right now though.

>>9870534
Mine aren't june, wanted the meme to have time to work

>>9870490
>by taking time to learn how to read before i got into school
Ah, and I guess you earned the intelligence that allowed you to make that conscious decision? Or maybe you earned the circumstance of being born into a family that gave enough of a shit to buy you books and send you to school. I guess you earned your father, who you admit made you do most of it, presumably meaning that you wouldn't have done it without him?

So many things you "earned."

>not denying the fact that genetics play some part in it (especially in terms of the average layman), but its certainly not the only factor
Sure, and all the other factors are as arbitrarily distributed. You didn't earn anything about the circumstances of your birth - not your genes, not your intelligence, not your parents, not the house they took you home to or the school they could afford to send you to.

>THAT is intelligence and it means absolutely NOTHING without a shit ton of effort behind it
>it means absolutely NOTHING without a shit ton of effort behind it
Willpower is also arbitrarily distributed.

House of Commons kicked legalisation bill back to senate with several rejections on senate's proposed amendments. This is actually good, and investors seem to agree judging by the green today, given that some of the senate's changes are hot bullshit. I suspect a few of those contentious changes by the senate were holding back the bulls. Anyway, this does not mean meaningful delay. Senate typically knuckles under and does as it's told by the house. Bill should go through for good by late next week-ish.

Stock wise my TBP trade from yesterday paid off better than expected. Instant rejection of yesterday's dip. Nice swing.

>>9870395
Honeywell is good. I have one of their humidifiers and it's the only one I've owned that works well and isn't a pain in the ass to clean.

>>9870508
You don't understand that it's a statistical improbability for two things to correlate yet be completely unrelated - a probability that shrinks nearly to zero when we consider that intelligence and income are clearly and obviously related because high paying jobs have high cognitive demands.

You are a fucking moron incapable of admitting that you need to be smart to be a doctor.

Some smart people have low incomes, but far fewer dumb people have high incomes.

It almost looks like a pattern.

SUNRUN @ $18 by the end of this month

>>9870584
Smart people realize when someone won't change their mind. Your arguments are fruitless on this person.

Thinking about buying the T dip. Low PE ratio and decent dividends. Just worried about its long term performance.

Telecom seems to be doing poorly in general desu which is sortof surprising to me.

>>9870584
You didn’t read those articles, just like I figured you wouldn’t.
Btw I’m saving all your posts so we can point and laugh at them later.

>>9870509
>When freedom is being stripped down every day, oh buddy you wouldn't know real freedom if it bit you in the ass.
Naivety masquerading as cynicism.

You have no idea what tyranny really looks like if you consider the first world "unfree." This is what I mean when I say cynicism is naivety dressed up. It requires utter ignorance of all the things that you have to be grateful for. It's childish. It really is.

>No, the system that will take place will be whatever nature has in store for it.
Humans are part of nature, moron.

>Yes because they all are free to do what they love which is why they slave away doing a job they don't want to and never getting around to the things they actually want to do. In the entire mean time of going through this daily ritual of hell together because "we care" when we are all casually destroying the planet together. Yeah buddy, keep coming up with assumptions for me to defend your arguments with but you wouldn't be able to see the forest from the trees, not that they will be there any longer in the future anyway.
Nihilistic garbage.

>>9870566
I have a few these bad boys

>>9870609
T doesnt grow their divs to keep up with inflation

>All these edgelords arguing about goy constructs like IQ while my green candles grow

>>9870584
I like how you went running away from my post >>9870509 >>9870524 you dumb communist faggot piece of shit. Kill yourself you naive little cunt.

>>9870513
>Hey, you might be more handsome than me and that isn't unjust, it just is, the same as with the intelligence.
Correct.

>If you happen to get more qts making use of that natural beauty that nature has arbitrarily given to you (and therefore not subject to your moral considerations) that is not unjust even if it doesn't benefit anybody else but you.
Incorrect.

If we are all of equal moral worth then we are both equally deserving of qts.

My arbitrary capacity to get more is not unjust, but it is arbitrary, which makes me HAVING more unjust.

>You're fighting reality and reality never losses.
You say I'm fighting reality but you're talking in terms of constructivism. You're talking about abstract concepts like justice and claiming that they are empirical facts. Think about what you're saying for 10 seconds. Your argument is as theoretical and hypothetical as mine. Justice is not real. We make it up. Your justice is as made up as mine.

>>9870523
You are entirely right. The valuation of meritocracy is called the "Job market", just like the valuation of companies is called the "stock market". The job market is the most free and just system you could think of to get to an optimal distribution of material wealth according to human psychology and within the laws and economy of a country. Any other system would result in an inefficient allocation of wealth.

Comfys podcast recap should have a lot to talk about
A real Commie visits SMG

>>9870639
>he of unironically believe silver not hit $25 this year

>>9870663
Has he done the one where he talks to college kids yet?

>>9870498
>red friends

>>9870640
Imagine being this fucking asshurt that you're not being "properly rewarded" for making 30% on some mickey mouse pocket change. You wouldn't have the balls nor the skill to replicate those results with a million or hundred million dollar portfolio, and if you did, you'd end up in one of those jobs you bitter faggot. You making 30% on a thousand bucks doesn't mean fuck-all. Keep crying.

>>9870535
>the upper outliers on the other hand are not some sort of genetic freak where they were just given it by god or genes or whatever. they are the average man who has ascended via taking it upon himself to rise ABOVE the mean.
That's wrong.

IQ is very inert. You can do little to improve it significantly. Some people train really hard at the tests and get really good at them, sure, and get high notional IQ scores, but these people don't then go on to reap all of the benefits of having a higher IQ score (like higher income) because their "g" (which is their intelligence) hasn't changed, they've just fooled the measurement tool. They stay in the same bracket of achievement that their "g" put them in, just with a higher notional IQ.

>without personal effort, "smarts" mean shit all.
Without smarts, "personal effort" means shit all.

This is what you fail to understand. Take an 80IQ window licker and work him like a dog, and he will always be an 80IQ windowlicker.

YOU are the one who thinks people are equal. You think that anyone can rise to the top. That's wrong. Some people are dumb and will never be rich or famous or valuable. They are just human garbage vomited up on the shores of the gene pool. I recognise this, and because I do I am capable of acting more justly to them. I can give them what they deserve, instead of accusing them of not doing the impossible - not making themselves smarter through magic of "willpower" or whatever fucking bullshit you spout.

Nobody can transcend their genetics. You act like a child when you reject this, and people suffer because you refuse to accept a hard truth.

>>9870603
I'm aware, but I'm arguing to the audience.

That said, I've had Factorio idling in the background for like an hour now and I want to go back. Not too much longer here, I think.

>>9870612
>You have no idea what tyranny really looks like if you consider the first world "unfree." This is what I mean when I say cynicism is naivety dressed up. It requires utter ignorance of all the things that you have to be grateful for. It's childish. It really is.
Ironic coming from the guy who wants communism. Yeah you are so cool comrade, riddle me this--when is the communist revolution finally going to happen? Surely Marx will deliver, no? It won't ever happen

>Nihilistic garbage.
Not an argument.

>Humans are part of nature, moron.
No shit, why would you expect monkeys to adhere to something as idealistic as communism? You'd be better off making arguments literally throwing shit at me.

>>9870676
no, and it probably never will be done
he supposed to have an interview prepared for warren buffet this week

>>9870610
>You didn’t read those articles, just like I figured you wouldn’t.
I've already read two of them prior to you linking them, though you're right, I only skimmed the middle link.

Feel free to quote relevant passages instead of just dumping links though.

>>9870627
Good to know, thanks. I'm thinking that there won't be much value in buying besides picking up small bounce

Kinda wish that I had a few bros that still had SUNRUN so we could enjoy these comfy gains together

>>9870639
I am replying to a lot of people, anon. This is not a one-on-one chat, and your posts are worth very little of my time. I am a man whose opinions are in demand. Maybe one day you will experience the feeling of having people waiting on your words, instead of the feeling of waiting for people to get around to your words.

>>9870698
>Factorio
based autist.
while you're gone allocate us some qts, ok? We all deserve human dignity yakno?

>>9870708
>One thing that IQ scores can reliably predict is a person's academic success in school. What it doesn't suggest is that a person will be successful at work or in life as result of those numbers. In some cases, it may just be the opposite.

>In fact, some studies have suggested that children with exceptional academic skills may be more prone to depression and social isolation than less-gifted peers. Another found that people with higher IQs were more likely to smoke marijuana and use illegal drugs. One explanation for this, according to the researchers, was a personality trait known as openness to experience.

>Openness is a trait that essentially removes unconscious barriers that would otherwise prevent a person from experiences considered socially unacceptable. Moreover, it is moderately associated with creativity, intelligence, and knowledge. By contrast, being closed to experience is more associated with routine, traditional behavior, and a narrower set of interests.

>While researchers continue to debate Terman's research, most are in agreement about the key finding: that while intelligence may suggest a potential for success, fulfilling that potential requires skills and traits that no IQ test can possibly measure.

>>9870645
I get what you're saying but you're not responding to the moral dimension, which is the crux of my argument.

The job market efficiently rewards people for their characteristics, in general, sure. But I'm not seeking efficient reward, I'm seeking just reward.

You claimed the job market is just but you didn't demonstrate it - you referred to efficiency. Unless your argument is that efficiency is justice then you haven't made an argument in the moral dimension.

>>9870685
I've never made a 30% return.

>>9870640
I think justice, as well as good and wrong flows from Truth, and Truth exist independently of us, as it is part of Reality.
Even if it didn't the claim that using those things that Nature arbitrarily gives us and therefore are not subject to moral laws to obtain non arbitrary benefits is unjust (because ultimately it's arbitrary) I don't think you can prove it and I'm not sure I can disprove it either.

>>9870725
No shit, that's usually what happens when a communist shit posts anywhere on here because your ideology is fucking stupid. All that ends up happening is that you make a bunch of fallacious arguments towards everyone calling you out on your dumb shit and then you end up leaving thinking everyone else is wrong when it's actually you. You never learn your lesson and remain a socially awkward naive retard in real life who never fucking gets the point.

This is literally the same reason why you don't play chess with a pigeon and you are one of the biggest, dumbest, and most autistic bird I have ever seen for posting pro communist bullshit on /biz/ and not expecting to get called out.

>>9870722
>tfw missed sunrun everyday and will continue to miss it while it goes 1000%

>>9870557
>Ah, and I guess you earned the intelligence that allowed you to make that conscious decision?
yes. i did. i learned that learning is really fun and that i enjoyed doing it. at first it was hard, even if it was fun but eventually i got better at it. because i kept focusing on aspects of how to improve what it was that i was doing.
>Or maybe you earned the circumstance of being born into a family that gave enough of a shit to buy you books and send you to school. I guess you earned your father, who you admit made you do most of it, presumably meaning that you wouldn't have done it without him?
now youre just making shit up. i said my folks were "intelligent enough" to show me that i could do it. i was left to my own entirely after i was given the very basic resources. i went to the library, and borrowed their computer, and took books out. ive met plenty of people in my life that were from shit circumstances who were able to ascend NO PROBLEM. why? because they shared this same drive to improve what it is they do. and work at it. bit by bit.

ive met plenty of smart people with no willpower. almost all were commies. they focused what little they had of their drive on studying a 19th century fairytale. and they have shit all to show for it.

>>9870689
so now were just name calling?
shame. i was having fun

nazbols deserve rope
lel
or an icepick
git wrecked fagget. i got money to make

>>9870734
>Another found that people with higher IQs were more likely to smoke marijuana and use illegal drugs.

What’s a good robinhood equivalent for yuropoors
My bank would rape me with fees if I would use their trading depot

>>9870708
>An IQ score correlates with success but doesn’t dictate, and is a poor “measure of the man”. Allow me to be politically incorrect for a moment to make my point: saying that IQ scores predict success is a little like saying that the color of your skin at birth predicts your future income. It’s technically true, but you can see the problems: causality is an issue, the significance of other factors is an issue, etc.

>More in the abstract, what we know about IQ correlations pertains to groups of people. These are statistical measures. Their relevance for an individual is difficult to evaluate, at best. Another way of saying this, is that whereas for a large group of people, IQ is one of the strongest predictors of future “success” that we know of, for an individual, it is a weak indication. For example, in one large study correlating IQ and SES (social economic status of parents) with future income, IQ had a three times higher “beta” than SES. That means how “smart” you are is much more important than who your parents are (the US economy, in other words, is a relatively level playing field). However, the total R-squared of using both variables was only 0.14. That means, knowing your parents SES as well as the child’s IQ, together only explained about 14% of your future outcome. From the perspective of the decisions available to that child, that’s not a very big number.

>>9870725
I demand you fuck off, wait on those words.

>>9870722
I wish I got in, always feels like I'd be FOMOing though :(

also
trotsky smoked cock, and if you had any sense at all, youd follow youre faggot overlords final command and vote rebuplican

>>9870703
>Ironic coming from the guy who wants communism
Don't pretend throwaway memes make me a Stalinist.

>Not an argument.
Neither was what you posted, which was why I dismissed it. "Man, modern life is like, soul destroying, man. Man, everyone hates their jobs, man. We're ruining the planet man. Wake up sheeple."

Stop.

>No shit, why would you expect monkeys to adhere to something as idealistic as communism?
You said: the system adheres to nature.
I said: humans are part of nature - ergo, by your logic - the system will adhere to human desires and behaviour as much as anything else, and if we change human desires and behaviour we can change the system.
Your response: humans suck, maaaaan.

And we come full circle, to where I pointed out like 5 posts ago that every good thing in this world was made by humans, and there are a lot of good things in this world.

>>9870764
The converse is not true. Drug users are more likely to have lower IQ

>>9870734
>success
>income
Looks like someone's getting confused.

Tell me again about the difference between correlate and dictate, Mr Lord High Grammarian.

>>9870743
Being efficient in the allocation of resources is the only metric by how we can qualify the justness of a market. If total retards with bullshit jobs are enjoying the same material wealth as hard-working smart people pushing society forward, then the market xould be unjust.

>>9870794
>5 seconds before this post was made

>>9870764
Yeah, but then they just turn into drug addict alcoholics like me. Not that addiction or alcoholism are actually a diseases, but they just end up getting fucked up all the time.

>>9870808
Success and income and intertwined. I don’t see too many broke homeless people who are considered successful.

>>9870766
What's your bank and how high are your fees ?

Y'all are fucking gay
I'm here to make money not take a social studies class taught by some Pokemon card collecting neckbeards who've never touched a pussy

>>9870817
nazbols git souper triggered when you call them stalinists.
something about stalin stabbing their favorite boyband leader in the boipucci w an icepick to death

>>9870828
I don’t collect Pokémon

>>9870828
there aint shit goin till 2 anyways. fug it

>>9870841
loser

>>9870828
>implying /smg/ collects pokemon cards rather than pogs

>>9870794
>"Man, modern life is like, soul destroying, man. Man, everyone hates their jobs, man. We're ruining the planet man. Wake up sheeple."
Oh yeah, what do you see happening retard? Fukushima is still a thing and still hasn't been fixed and is leaking lots of radiation into the ocean everyday but there is no global initiative to fix it. In fact, people are going around everyday doing their daily bullshit and watching the occasional video to fool themselves think they are doing something.

>Your response: humans suck, maaaaan.
That's all you got with your low IQ but my argument is that humans are flawed, if you really want to fix humanity you must turn inward and address your flaws. We have to come to understand ourselves and not implement systems that will fail us over and over again. Communism is a complete and utter failure but you still think it's a good idea, that is the definition of madness and stupidity.

>>9870609
It dumped because they are going to merge with time warner, its just the market pricing the cost of acquisition in. It will be a good deal when it settles out.

>>9870828
>1998
>collecting pokemons
>not marbles

>>9870771
>That means how “smart” you are is much more important than who your parents are
But IQ is incredibly heritable. Not the most heritable human trait, sure, but very heritable. Whoever wrote this is an idiot, and so are you for not noticing this blatant mistake. The IQ of your parents is incredibly important. Lmao.

>saying that IQ scores predict success is ... technically true
lol

>That means, knowing your parents SES as well as the child’s IQ, together only explained about 14% of your future outcome.
Considering that this logic inevitable leads us to know that SES is heritable as well (because IQ correlates with SES, and IQ is heritable, so to some extent SES is "heritable" as well), you can see how high IQ people who have high IQ kids just keep stacking up the arbitrary advantages.

Protip: I can also cherrypick data that supports my claim

>>9870731
Only fully automated luxury Stalinism can give you the waifubots you deserve.

>>9870734
innit funny how these nazb-i-meeeannn stalinists pretend to be for the workers, yet have absolutely no sympathy for the common man that may have a low intelligence, but a higher than average drive to work?

fucking retarded shit. its like if you took natl socialism and cucked it up. put a pretty pink bow on it and spoke out the side of your mouth telling everyone "wer all egual"

>the current state of HRB

>>9870885
>waifubots
no anon we want the real thing

BOOMBE IT

How about allocating commies to a little trip ?

>>9870898
Buy the dip?

All these whytebois talking bout intelligence but they still haven’t figured out a way to keep their wh*te women from sucking black dick

>>9870609
>T +4.90 past 5 years

>IQ +16.38 past 3 month

T is too passive and boring for me.

Fuck yea GLD, go baby go!

>>9870896
>in le current year the bourgeois are fighting for communism while the proletariat are fighting against it.
Insanity.

>>9870753
You can believe that if you want.
>I don't think you can prove it and I'm not sure I can disprove it either.
And therein lies the problem.

Everything I've said only holds true if we all agree that humans are of equal moral worth, as well as few other things I haven't bothered bringing up. Now, almost everyone (maybe even everyone) here believes that, but they don't want to believe in the consequences of believing in that. So it's a long, convoluted process to straighten out the logic - and there are many good arguments against everything I've said, even if they're not being mentioned here, and I encourage you to look at them if you're curious. But in the end it can all be fruitless, because if the logic turns out to be ironclad all anyone ever has to say is "I disagree with the premise."

Now, there are two reasons why they say this
1. fully understanding the consequences of their beliefs they have reached an epiphany, and no longer believe in their former core beliefs because the consequences are so repulsive to them. This is fine - even good. It's rare though.
2. they're lying, or deluded. They still believe in the core beliefs, and agree the logic is correct, but refuse to be wrong, so they lie, or trick themselves momentarily. Then, a few days later, you find them advocating what they denied as if it was their idea all along.

The point is that this argument is fundamentally pointless, but it sure is fun.

And it's good practice.

just realized the commieposter is probably just mad from yesterday's high IQ posting

>>9870755
>This is literally the same reason why you don't play chess with a pigeon
He says, while playing chess with a pigeon.

Take your own advice and stop posting.

>>9870950
The commie poster probably lost too many brain cells getting high huffing his own farts.

>>9870917
I shoved it in my roth 5 years ago and made 10k before selling it in January. The divvys are good for the price.

Literally nothing going on today but we're going to need a new thread before lunch, wow

Gonna buy some VZ
Its a Dog of the DOW

>>9870967
Fed shitpost day

>>9870879
Which brings us back to correlation and not dictation. It could be any number of factors that determine income or success and any one of those factors could be the driving force for an individual.

>>9870944
The middle class (read : the large majority of people) suffers the most from all kinds of leftism.

>>9870957
I have fun throwing bread at bird brains like you. Please get high off your own intelligence and enlighten us faggot. You are so wise but have nothing to say when reality slaps you in the face.

>>9870911
kekked and chekked

>>9870944
dats dat postmodern clown world sheeiit

>>9870979
>Fed shitpost day
simply
shitpost day

>>9870762
>yes. i did. i learned that learning is really fun and that i enjoyed doing it. at first it was hard, even if it was fun but eventually i got better at it. because i kept focusing on aspects of how to improve what it was that i was doing.
And I suppose you earned the capacity to enjoy learning, and you earned the capacity to focus? You EARNED not having ADHD or a developmental disorder that made you unable to learn?

Come on anon, think a little about what I am trying to tell you. You worked hard, sure, but your /innate ability/ to do the work and want to work may as well have been a gift from God. You didn't earn that innate ability.

>now youre just making shit up
You told me that your father made you learn algebra and I believed you. How silly of me. I won't make that mistake again, you fucking liar.

>ive met plenty of people in my life that were from shit circumstances who were able to ascend NO PROBLEM. why?
Because if you hook them up to an IQ test they will score highly on it.

>ive met plenty of smart people with no willpower. almost all were commies.
Ad hominem.

>>9870762
>so now were just name calling?
No.

I made an argument and then called you names.

You responded by calling me names, sans counterargument.

I'll let the audience decide who deserves the icepick.

>>9870814
>Being efficient in the allocation of resources is the only metric by how we can qualify the justness of a market.
Support your statement with arguments.

>>9870820
>Success and income and intertwined.
Yet not the same.

You can have a high income but still be on drugs, twice divorced, and mired in debt.

That's why they're important to distinguish.

You should know this, Mr Lord High Grammarian.

>>9871008
>And I suppose you earned the capacity to enjoy learning, and you earned the capacity to focus?
He probably got that from his parents. And before you ask, as long as sterilizing retards is out of the table, inheritance of values and capital is fair and just.

>>9870911
I like the way you think fren.

>>9870867
>Communism is a complete and utter failure
I thought systems were just inevitably what nature made of them, and humans couldn't change the fate of their systems? That China and the US were the same - that the systems didn't matter?

You're no longer even internally consistent.

>>9871042
Which is also why you can be a literal tard and a millionaire.

>It's actually green this morning
What? Is this just bot trading before the shitpost?

>>9871066
Just golden bull things

>>9870906
I unironically support at least the exploration of sexual redistribution schemes, but I think algorithmic matchmaking will make them unnecessary in the coming years.

>get all data about a person
>use highly advanced algorithims
>perfect match 99% of the time
A man can dream.

>>9871055
>>9870911
>free helicopter rides for communists
Soon

NEW THREAD
>>9871068
>>9871068
>>9871068
>>9871068

>>9871042
>Support your statement with arguments
By allocating resources (incomes, valuation) in the most efficient way possible, society has the highest gain. And, according to Kant, the betterment of the society is the highest Moral Imperative. Therefore, income inequality in the job market is just and moral.

>>9871059
No, you are grasping for straws. All we are left with today are different forms of fascism. There will always be a hierarchy. You are too moronic to realize that living in a society whether it's Nazism or Communism fucking sucks, it's all the same in the end when your kids can rat you to the government for not stepping in line.

>>9870876
>marble craze hits my middle school hard
>dad works construction and has a bunch of junk laying around
>I find some 1.5" steel ball bearings that came from some broken piece of equipment that my dad removed from a factory
>ask if he'll give them to me, he doesn't have any use for them so sure, whatever
>take one to school, use it as a "breaker", everyone is in awe and some kids want to buy it
>end up selling all of them for $10 a piece to rich kids and Mexicans
>make about $150 over the course of a few weeks

Good times.

>>9871055
Checked, spool up boys

>>9870986
>It could be any number of factors that determine income
Yes, and one of them could be IQ, and it could be a large one.

I might even be so bold as to suggest that the data supports this to a large extent.

It is both intuitively sensible and empirically supported. There are no articles that I have seen suggesting that IQ has no impact at all - just quibbling over the magnitude, and even the lower estimates are significant. 14% is nothing to sneeze at. Very nearly all the jobs that pay well have high cognitive demands, and ALL the jobs that pay REALLY well have high cognitive demands.

Why?

Intelligence is valuable and rare.

Guess what the market rewards?

Things that are valuable and rare.

>>9871008
>EARNED not having ADHD or a developmental disorder
i have ADHD u dumb cunt. and i dont take meds for it. i learned how to make it work for myself. took time tho. stop trying to play armchair psych online on an anonymous forum.
not everything fits into your fucking batshit worldview
>And I suppose you earned the capacity to enjoy learning, and you earned the capacity to focus?
yup. by practicing it. after a while, i got better at it. once i got better at it, i enjoyed it, then the effects compounded. even when my ma WASNT injecting me with super human genes that she ordered of the internet in order to genetically improve me.

i will say that the deciding factor of this is learning this shit EARLY. if you dont get it by the time youre halfway through primary school, its all gonna be a lot harder. dat brain plasticity yo. shits important

>I'll let the audience decide who deserves the icepick.
the audience is overwhelmingly in favor of giving you the icepick anon

>>9871054
>inheritance of values and capital is fair and just.
Only if you think in terms of bloodlines/families and not individuals. I would say that every individual is of equal moral worth regardless of their parents.

You could say that that's bullshit, and it's bloodlines that of equal moral worth, but I'd doubt you really believe that.

>>9871017
"Audience" you mean unwilling captives, right?

>>9871061
And that's another interesting point.
IQ correlates with income but not with wealth.
So much for meritocracy, eh?

>>9871017
You are definitely getting the icepick you dumb faggot. With every post you only prove your naivety.

I won't be reprising this argument in the next thread so get your digs in now boyos.

>>9871165
>the pigeon struts around for the final time before transforming back into the mindless ugly lump of flesh he was in front of his sterile computer screen in the next thread
Oh joy.

>>9871105
>society has the highest gain
Society is not the base unit of morality, individuals are (this is an opinion, not a fact, but I suspect it's one you might share).

>according to Kant
Kant belongs in a gulag XDDDD.

Suffice it to say that I'm not persuaded by his arguments.

>>9871114
>No
Then perhaps you can explain what you meant when you said very nearly exactly that earlier in the thread.

>>9871165
How many science per minute does your base have?

>>9871127
>i have ADHD u dumb cunt
Ha.

In all probability you will never make as much money as me, but enjoy defending the system that keeps it that was on the internet for free. I appreciate it.

>by practicing it
Did you earn the ability to practice?

>the audience is overwhelmingly in favor of giving you the icepick anon
Why are you appealing to democracy if you hate moral equality so much? If humans aren't of equal moral worth then clearly only I need to be given a vote.

>>9871142
I aspire to be chief gulageer. Gotta get my practice in.

>>9871140
>Only if you think in terms of bloodlines/families and not individuals
Since you refuse to tackle the problem of retards parents bringing kids with huge deficiencies (being retarded) into this world, it is the only logical and moral sense.

>>9871198
Name me one system that has lasted indefinitely and is free of corruption and decay. I know you won't deliver but I will be waiting with amusement.

>>9871211
It's a baby base at the moment (don't even have constructobots) so it's about 10 red, 8 green, and 5 blue.

I'm planning to just start a new base somewhere else once I get all the tech I want.

>>9871234
>Since you refuse to tackle the problem of retards parents bringing kids with huge deficiencies (being retarded) into this world
"the problem"
What problem, anon?

What serious massive negative effects is it having? Society is coping just fine. We can bear this burden.

It's not a real problem.

That said, we can fix it through less drastic medical procedures. If you only ever amputate limbs you'll never learn how you might have saved them.

>>9871231
>I gotta larp online instead of just at my unfortunate mom and relatives when I leave my basement

>>9871242
>Name me one system that has lasted indefinitely and is free of corruption and decay.
O sons of Libya, thy name will live
The bearers of the Cross on Calvary;
Around thee wrapt the mantle of the dusk,
In thee the world will find another dawn,
Around thee shall the hour of twilight glow,
When day upon thee breaks a golden throne
Awaits thee in the land of rising sun,
Thy faith, thy deeds, thy love for fellow men
Shall be thy sceptre and thy coronet,
Before thee shall the vaunting nations bow
In reverence to crowned humility.

>>9871198
>Society is not the base unit of morality,
This is wrong. Society is both the root of morality and the way morality is defined. Something good for society can never be immoral and something bad for society can never be moral. It is the very basis of morality, from Plato to Spinoza to Kant.

I figure someday in the next few hundred years all kids are going to be genetically altered in the embryo stage to be smarter, stronger, more disease resistant, etc. The whole "idiocracy" bullshit we're dealing with right now where lower intelligence & lower income humans far outbreed those of higher intelligence and income won't matter anymore then.

>>9871296
>Society is both the root of morality and the way morality is defined.
Based communitarian.

Look, I agree with you to an extent. I consider myself communitarian as well - insofar as I can while still being a committed liberal. But clearly you've taken it too far.

>Something good for society can never be immoral and something bad for society can never be moral
I fundamentally disagree.

But good and bad are moral terms. You're effectively saying "something good for society can never be bad and something bad for society can never be good."
Okay, but that doesn't define good or bad (moral or immoral).

>>9871320
I hope so, but
>ban stem cell research because MUH BABBY FETUSES
don't be so sure.

>>9871225
>In all probability you will never make as much money as me
bretty sure i can outperform any gommie on a bad day m8
>but enjoy defending the system that keeps it that was on the internet for free
wat
>Did you earn the ability to practice?
lol this is some backpedaling if ive ever seen it. just give it up. my philosophy doesnt fit into yours. your unwilling to let down your guard about it and discuss anything rationally without ad hominems and circular jibbering, and instead are inclined to come here, to a place where no cares about wtf you think, and babble on at us to try and convince yourself youre right

im 90% sure you used to be either a /pol/tard stormnigger, or a demsoc bernout prior to this election.
youre a fucking casualty of the modern day bread and circus

>>9871291
Cool so you aren't totally autistic and retarded but also schizophrenic.

>>9871336
That's why I gave a time frame of a few hundred years.. We could easily have the technology to do it in under 50 years but we won't because people will screech that it's immoral. That sentiment will fade eventually though and mankind will all transcend into a new stage of genetic superiority.

>>9871264
>crime
>corruption
>mindless consumerism
Notice how it is always the low-IQ people spending all their cash in frivolities and self harm while expecting to be bailed out by do-gooders like you ?

>>9871332
Nothing does in the end you dumb faggot, good or bad are nothing more than abstract constructs people make up to justify their actions.

>>9871378
i think we need to change his batteries
he seems running low on will to live
we may have just indirectly made a gommie kill himself.

good work /smg/
tomorrow we take back the promised land
/SMG/-U ACKBAR

>>9871374
>bretty sure i can outperform any gommie on a bad day m8
IQ is a better predictor of income than political affiliation.

>lol this is some backpedaling if ive ever seen it
It's the crux of the argument.

I say that everything you are comes from innate capabilities that you didn't learn.

You keep naming non-innate capabilities (by your own admission - you LEARNED these things, i.e. they were not innate) and then acting like you've responded to my argument. You haven't. We are in exactly the same place we were in 40 minutes ago because you refuse to read or listen. You are preoccupied with telling your sob story and proving how hard you've worked.

>your unwilling to let down your guard about it and discuss anything rationally
I have been trying very, very hard to do that. I have even provided counterarguments against my arguments right there in my own posts in the interests of intellectual honesty. I have argued against myself more than with anyone else.

You have failed at every turn to address the crux of my argument, which I have outlined again above, and it's either because you don't understand it or don't want to understand it.

I don't expect this post will produce any greater effect on you than the last 3 similar ones, but let's try again.

>>9871380
>mankind will all transcend into a new stage of genetic superiority.
Let's just pray that we get genetic equality in the bargain.

>inb4 people in this thread defend allowing the creation of a literal master race to subjugate the rest of humanity by the people rich enough to afford the best gene splicing because doing otherwise would be communism

>>9871470
>genetic equality
BBCs for all!

>SPY not able make 280
Bearish!

>>9871412
Yes, I did notice that, and my response is that there's no such thing as a free lunch. Some things are human rights. Other things are not, and can be taken away. Some human rights can be curtailed to defend the rights of others.

Some people are treated too leniently by people who want to believe we're all the same, and IQ has no effect on things like income or violence or criminality.

People like me, who accept the inherent genetic differences in people, are far better positioned to prevent crimes before they happened by identifying the low potential humans and ensuring that their rights are respected in a way that also allows us to protect the rights of others to be free from crime and idiots shitting up society.

>>9871494
Communism will make my bara husbando real.

>>9871470
That is what is going to happen in the end you dumbass. Your commie revolution will never happen because it's a garbage ideology. Here let me make it clear to you;
the earth is a bitch,
we have finished our noose,
homo-sapiens have outgrown their use

>>9870749
14%, even worse. Do that on a million dollars and maybe then you'll get some respect.

>>9871524
Do you think I come to /biz/ and argue for communism because I crave respect?

>>9871459
>IQ is a better predictor of income than political affiliation.
quick. go find the infograph and bring it back here. well be waiting

>the rest
so youre one of those faggots that tries to play chess by mirroring your opponents moves. and then after you get up and walk away you tell yourself youve won? weak

ive blathered at you enough commie. and i did it to get us to bumplimit. now go back to your hole. i hear 8/pol/s been having some good nazbol threads. you can go agree with one another. should be fun. at least you dont have to go back to that shit board with the tranny cocksuker BO anymore, amirite?

>>9871507
Wouldn't it be less wasteful and more just if those low-IQ, criminal simpletons weren't born at all ?

>>9871503
what did i tell you rkg?
were going sideways till 2. we dont know yet

>>9871552
>at least you dont have to go back to that shit board with the tranny cocksuker BO anymore, amirite?
Kek this, I hope that tranny cocksucker BO is at least unionized so they can get back some of the money it makes off of sucking porky dick.

>>9871546
i honestly just thought you were lost

wats thread limit here anyways? lets spam this shit

>>9871552
>so youre one of those faggots that tries to play chess by mirroring your opponents moves
No, I'm one of those people who holds you accountable to the things that you claim to believe.

Your argument isn't internally consistent. How did you ever expect to convince me when it appears that you can't even convince yourself?

>>9871560
Depends on if you think people have rights before they exist.

I think that preventing a birth doesn't infringe on anyone's rights (so long as its consensual for the mother, father, etc. obv.) so yeah, go ahead and preemptively genocide the tards before they're even born.

Just don't do it after they're born.

>>9871622
lol if anyone else was still here anymore theyd be able to see how you just simply reverse anything that is said when it runs up against what you think.
sadly....
you scared everyone off.
thankfully we are /smg/ and our influence has spread far and wide. and soon we will take back the promised land.

>>9871686
This, /smg/ will rise again!

>>9870627
Why does a div need to grow to keep up with inflation? You outpace inflation twice over by reinvesting. It's fucking 6% with low risk.

>>9871721
unless it goes down

Anybody see a ROAD dip coming after it hits 13?

>>9871686
>you just simply reverse anything that is said
I have told you directly what is missing from your argument several times.

I say that everything you are comes from innate capabilities that you didn't learn.

You keep naming non-innate capabilities.

>>9871733
fug neggers amaieright]
??

>>9871739
With ROAD, you are literally riding in Buffett-sama and Autism Incorporated's shoulders.

Just hodl until MIDTEENS™.

pretty innit?

>>9871733
That really a bet you want to make?