Daniel Morgan


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What to optimize for in life?

Excellent synthesis. Every virtue lies between two vices.

What to optimize for in life?

I completely disagree! Nothing has brought me more happiness in my life than committing to a particular wife (first with marriage and then with children), a particular career, etc. No longer having to assess other options has freed up so much energy for desired ends.

Sometimes, you have to burn your own ships so that your soldiers can't consider retreating.

At first, I thought this was a joke. I agree that Bill Gates' action and legacy should be questioned, but Microsoft is a huge institution, and swearing off a behemoth like them over the alleged associations of a founder is a purity spiral that will leave you alone in the woods.

Even Inflationary Currencies Should Have Fixed Total Supply

This analysis neglects the concept of velocity. If there is a fixed amount of dollars but (for example) a collapse in the housing market causes velocity to plummet, then unexpected deflation will wreck more chaos on the economy than an inflation rate of 1-2%.

A currency with a fixed supply is not stable.

The US Already Has A Wealth Tax

One can avoid a wealth tax by living in another country. One can't avoid the inflation tax on US assets by moving to another country.

Isn't Tesla stock highly undervalued?

You've created a list of reasons to like TSLA, but you haven't said a single thing that comments on the current valuation. If your current sentiment is already reflected in the price, you can be right about the future yet punished for being wrong about the valuation.

This is a lot of confidence for a very volatile stock.