Social investing, a practice embraced by many, carries inherent risks—especially for individuals lacking financial education. The allure of quick gains can lead to perilous outcomes when investors heed misguided recommendations and invest in assets such as meme stocks, penny stocks, or cryptocurrencies like GameStop, AMC, or Bitcoin, right before a market sell-off. This scenario underscores the importance of conducting thorough research and exercising caution when navigating the dynamic world of social investing.
Bob: Hey man, Carly told me to download Robinhood for social investing into this one penny stock. I put $100 bucks into it.
Jason: Did you make money on it?
Bob: Nah man, the company went bankrupt and got delisted! I lost all my money!
Jason: You need to be more responsible with your money!
Jason: Did you make money on it?
Bob: Nah man, the company went bankrupt and got delisted! I lost all my money!
Jason: You need to be more responsible with your money!
by the _bad_investor December 8, 2023
Get the social investing mug.Nassim’s Sword of Social Justice (aka D’Sousa’s Razor)
Identified by Nassim Nicholas Taleb in the Medium article: The Merchandising of Virtue" - May 27, 2017
"Kids with rich parents talk about “white privilege” at such privileged colleges as Amherst –but in one instance, one of them could not answer D’Souza’s simple and logical suggestion: ‘Why don’t you go to the registrar’s office and give your privileged spot to a minority student who was next in line?’
Hence the principle:
If your private life conflicts with your intellectual opinion, it cancels your intellectual ideas, not your private life.
and
If your private actions do not generalise then you cannot have general ideas.
This is not strictly about ethics, but information transfer. If a car salesman tries to sell you a Detroit car while driving a Honda, he is signalling that it may have a problem."
The video Taleb is referencing is:
SO SATISFYING: Dinesh D'Souza absolutely shreds SJW over "white privilege" - Young America's Foundation
Published 09 Jun 2018. Recorded at Amherst College.
If you hold an intellectual ideal, but your real world actions do not reflect or enforce this ideal. Then your actions cancel out this ideological stance. You cannot say to the words "I am a vegan" and claim the moral virtue for such an identity, but occasionally eat chicken. The act of eating the chicken cancels out any moral or ideological virtue or superiority claimed by being vegan.
Identified by Nassim Nicholas Taleb in the Medium article: The Merchandising of Virtue" - May 27, 2017
"Kids with rich parents talk about “white privilege” at such privileged colleges as Amherst –but in one instance, one of them could not answer D’Souza’s simple and logical suggestion: ‘Why don’t you go to the registrar’s office and give your privileged spot to a minority student who was next in line?’
Hence the principle:
If your private life conflicts with your intellectual opinion, it cancels your intellectual ideas, not your private life.
and
If your private actions do not generalise then you cannot have general ideas.
This is not strictly about ethics, but information transfer. If a car salesman tries to sell you a Detroit car while driving a Honda, he is signalling that it may have a problem."
The video Taleb is referencing is:
SO SATISFYING: Dinesh D'Souza absolutely shreds SJW over "white privilege" - Young America's Foundation
Published 09 Jun 2018. Recorded at Amherst College.
If you hold an intellectual ideal, but your real world actions do not reflect or enforce this ideal. Then your actions cancel out this ideological stance. You cannot say to the words "I am a vegan" and claim the moral virtue for such an identity, but occasionally eat chicken. The act of eating the chicken cancels out any moral or ideological virtue or superiority claimed by being vegan.
Student: "We have numbers that demonstrate precisely how much wealth was stolen, and that's money that in some way could be given back."
D'Sousa: "You're willing to have social justice with other people's pay, but you're not willing to pay.
So that's the problem. And that's the problem with the progressivism that marches behind social justice, while protecting its own privileges. You know, how you said, we all have to survive, really, you have to be at Amherst to survive?
You don't have to be at Amherst to survive, you have to be at Amherst to benefit.
You have to be at Amherst because you're getting opportunities at this college that many other people are not getting.
So if you say you believe in equal opportunity, you're a hypocrite because you are taking advantage of opportunities unavailable to others. But for you this hypocrisy is fully justified because you are militating on behalf of the poor. But if it's if you're against privilege - this college is privilege. So there's a glaring hypocrisy, and you will never turn your moral mirror on yourself to say, What am I doing about it?
That's my point. For you - society should act before you do - to enforce your moral code.”
____________
Person A: “I’m a vegan but I occasionally have some chicken.”
Person B: “By the logic of Nassim's Sword of Social Justice - the act of eating the chicken cancels out your vegan claim, regardless of what you say about yourself.”
D'Sousa: "You're willing to have social justice with other people's pay, but you're not willing to pay.
So that's the problem. And that's the problem with the progressivism that marches behind social justice, while protecting its own privileges. You know, how you said, we all have to survive, really, you have to be at Amherst to survive?
You don't have to be at Amherst to survive, you have to be at Amherst to benefit.
You have to be at Amherst because you're getting opportunities at this college that many other people are not getting.
So if you say you believe in equal opportunity, you're a hypocrite because you are taking advantage of opportunities unavailable to others. But for you this hypocrisy is fully justified because you are militating on behalf of the poor. But if it's if you're against privilege - this college is privilege. So there's a glaring hypocrisy, and you will never turn your moral mirror on yourself to say, What am I doing about it?
That's my point. For you - society should act before you do - to enforce your moral code.”
____________
Person A: “I’m a vegan but I occasionally have some chicken.”
Person B: “By the logic of Nassim's Sword of Social Justice - the act of eating the chicken cancels out your vegan claim, regardless of what you say about yourself.”
by bewdew December 9, 2023
Get the Nassim's Sword of Social Justice mug.A ideology that is Post Marxist, Anti Marxist and race socialist. This ideology was propped up intellectually by Drexler, Hitler, Darre, Backe and Feder. It is a bigoted race socialism that seeks a Germanic superstate that throws down the "Jewish Cartel of International Capitalists" and its guardian angels, the Marxists, to create a half agraian, half industrial utopia where socialism exists for the racially pure Aryans and no one else. It despises communism because it still is a form of capitalism for the Nazis. It was a grassroots and popular party among the German working class and worked with the political enviroment of Germany at the time. Its views on Veganism, Enviromentalism, solidarity, welfare and the supreme control of the means of production through central planning are rarely talked about seriously.
Normal Person:"Hey, I have been reading theory of National Socialism, and I see it as a form of consequentialist ideology like Marxism."
Illiterate Person:"Yeah, and the Democratic Republic of Korea is a democracy. Shut up Fash."
Illiterate Person:"Yeah, and the Democratic Republic of Korea is a democracy. Shut up Fash."
by Zandrus December 11, 2022
Get the National Socialism mug.Rude and irritating behaviour,annoying others and making yourself extremely unlikable. Stop laughing like that, you're not special.
" Did you see that girl? She was acting really Health and Social Care."
" Those fashion students are exhibiting real Health and Social Care behaviour!"
" Those fashion students are exhibiting real Health and Social Care behaviour!"
by Hexandale December 13, 2022
Get the Health and Social Care mug.The TLV Social Chair is responsible for planning and executing social gathering opportunities in Tel Aviv. Other key responsibilities include:
1. Encouraging engagement among all members by bringing them together for a meaningful purpose
2. Organizing social meet-ups and always ensuring everyone is having a good time
3. Becoming an active member of the Tel Aviv community
4. Working with the rest of the community to ensure that social opportunities are always being planned
5. Promoting social events, nightlife, restaurants, etc.
Be prepared for mingling, hangovers, and questionable decisions - after all, the TLV Social Chair never lets a little thing like responsibility get in the way of a good time
1. Encouraging engagement among all members by bringing them together for a meaningful purpose
2. Organizing social meet-ups and always ensuring everyone is having a good time
3. Becoming an active member of the Tel Aviv community
4. Working with the rest of the community to ensure that social opportunities are always being planned
5. Promoting social events, nightlife, restaurants, etc.
Be prepared for mingling, hangovers, and questionable decisions - after all, the TLV Social Chair never lets a little thing like responsibility get in the way of a good time
Be prepared for mingling, hangovers, and questionable decisions - after all, the TLV Social Chair never lets a little thing like responsibility get in the way of a good time
by tlvsocialchair December 16, 2022
Get the TLV Social Chair mug.The TLV Social Chair is responsible for planning and executing social gathering opportunities in Tel Aviv. Other key responsibilities include:
1. Encouraging engagement among all members by bringing them together for a meaningful purpose
2. Organizing social meet-ups and always ensuring everyone is having a good time
3. Becoming an active member of the Tel Aviv community
4. Working with the rest of the community to ensure that social opportunities are always being planned
5. Promoting social events, nightlife, restaurants, etc.
1. Encouraging engagement among all members by bringing them together for a meaningful purpose
2. Organizing social meet-ups and always ensuring everyone is having a good time
3. Becoming an active member of the Tel Aviv community
4. Working with the rest of the community to ensure that social opportunities are always being planned
5. Promoting social events, nightlife, restaurants, etc.
Be prepared for mingling, hangovers, and questionable decisions - after all, the TLV Social Chair never lets a little thing like responsibility get in the way of a good time
by tlvsocialchair December 16, 2022
Get the TLV Social Chair mug.Using a minority cause to bully around others. Such people might look like nice, helping people fighting for a just cause but their true intentions become annoyingly clear when they get a little power. In their view they can now tell everybody what to say, feel and think because initially there was a good reason.
Rando: Hey let's go to this club and have some fun!
Social Hitler: You are so egoistic and only concerned about your fun! Do you even respect women at all?
Please pick up that trash on the ground here and buy me drink to calm down over this insult to someone else i pretend to care about!
Social Hitler: You are so egoistic and only concerned about your fun! Do you even respect women at all?
Please pick up that trash on the ground here and buy me drink to calm down over this insult to someone else i pretend to care about!
by msh42 December 19, 2022
Get the Social Hitler mug.