Can you explain why return on cash vs. return on equity matters?
I'm struck by the assumption in this essay that you have a clear distinction between your own values and other people's.
I think that having a clear sense of personal identity can be difficult and not everyone may be able to hold on to their own perspective. I am concerned that this might be especi...(read more)
Note that the examples in the essay of mechanisms that produce inefficiency are union work rules, non-compete agreements between firms, tariffs, and occupational licensing laws. The former three are _not_ federal regulations on industries, and so would not show up in a comparison of industry dynamis...(read more)
Ok, this is a counterargument I want to make sure I understand.
Is the following a good representation of what you believe?
> When you divide GDP by a commodity price, when the commodity has a nearly-fixed supply (like gold or land) we'd _expect_ the price of the commodity to go up over time in a ...(read more)
I agree that Carnegie's US Steel is not the type of "monopoly" that I consider socially harmful. I seem to remember that there is empirical evidence (though I don't know where) that monopolies due to superior product quality/price are actually fragile, and long-term monopolies must be maintained by ...(read more)
In this context, thinking about whether you are "good" is not "constructive."
Thinking about whether you're doing something "constructive" is, by contrast, extremely constructive.
Here's my trajectory:
1.) Worry a lot about "I'm not good"
2.) Improve in some dimensions, also refactor my moral priorities so that I no longer believe some of my 'bad traits' are really bad
3.) Still worry a lot about "I'm not good" _where "good" refers to some eldritch horror that I no longer ...(read more)
I'm a little more optimistic about calorie restriction mimetics than Aubrey, but I think everybody sensible has pretty low confidence about this.
Practical constraints. The main contributor to the cost of a lifespan study is the cost of upkeep for the mice -- so it's proportional to number of mice and length of the study. Testing 50 compounds at once means raising 50x the money at once (which is out of reach at the moment) and may also run in...(read more)
Yep, that is my position.
(I've talked a bunch with Aubrey de Grey and he is very much supportive of the LRI's program. We're complements, not substitutes.)