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Originally Posted by TiltedDonkey
@Shame Trolly !!!1!
One thing about the English language is that words often have multiple definitions. For example...
I haven't mentioned this ITT, but I was a dual major, math and philosophy. I went to a real College, UCSD. I did very well in college. I already know all this. Just like I already know what EV is, and variance, and the Kelly Criterion, and what risk-of-ruin is, and that risk-pooling lowers it etc/etc/etc. Now, I appreciate my fellow Politards all rushing to help me out. TYVM. But, I'm not a fool. And I find it mildly exasperating that youz guyz assume I am.
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... If a prerequisite for having a conversation and/or argument with you is redefining the English language from scratch, I'm not sure I'm interested...
You can chat with me or not. You're not a fool, so I'd prefer that you do. I'm not "redefining the English language". I'm playfully pointing out you gotta little malfunction at your logical junction, regarding how you use a handful of your words. Everyone has this malfunction on lots of words. Unfortunately for you, the words you have this little malfunction regarding, are at the center of this chat.
Right now you&me are at the same place
FoldnDark&me are at. If you wanna trust me, and let me make my points the way I feel like making them, and you have a whole lotta patience... I promise you 100% that you'll have an epiphany. I can ask
tomdemaine, among others, to be my witness here too.
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... Secondly, there are two threads of conversation going on here, one about whether certain kinds of risk should be "rewarded" and one about capitalism in general...
The reason you believe that I'm conflating here, is because of that malfunction I mentioned. That I'm not is the point I'm trying to make.
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...You have neither: 1) demonstrated you have any idea what a risk premium is as it refers to capital markets...
You are begging the question here.
To clarify: I haven't stated any formal 'position', and I'm not 'arguing' about whatev/etc/etc/etc. I'm having a chat. Now, if you really insist on 'arguing', I guess I could be talked into that shiz. If so, post your formal 'position', and I'll say if I'm interested.