Thought of the Day
Initial thought: Risk is systemic and it is futile to assume it away or to think you can completely arbitrage or diversify out of risk.
Immediate revision: Erroneous! Just convince the government to guarantee all your risk!
Sobering reflection: Party-line GOP/conservatives don't make fine distinctions between economics, god, and social issues or national security. And no one listens to the libertarians. And the Democrats have broad social coalitions that are great in terms of coming to terms with liberal democracy but unfortunately incentivize populist economic platforms.
Immediate revision: Erroneous! Just convince the government to guarantee all your risk!
Sobering reflection: Party-line GOP/conservatives don't make fine distinctions between economics, god, and social issues or national security. And no one listens to the libertarians. And the Democrats have broad social coalitions that are great in terms of coming to terms with liberal democracy but unfortunately incentivize populist economic platforms.