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.When someone consciously finds themself past their limit in a social situation but they find the energy to keep going because of social obligations. They often experience extreme fatigue after these moments are over.
by carlthelong August 18, 2023
Get the Social Shock mug.An activist who is motivated more by a love of conflict than by a desire to accomplish the (typically liberal) purported political goal. Whereas regular activists prefer to win without a fight, a social justice warrior prefers to fight without a win.
"I have to spend an afternoon sorting through my old Twitter posts. If I don't, some self-righteous social justice warrior might go digging and try to whip up a mob to get me fired for using a currently-disapproved term sixteen years ago when I was in high school instead of just privately asking me to remove it."
by IowanStill September 2, 2023
Get the Social Justice Warrior mug.When an individual is venting to you in a conversation inconsiderate of the person they’re venting to. After said person absorbs their blood, the bleeder disposes of them.
Amy: Matthew stopped speaking with me as soon as he couldn’t talk about himself and vent to me.
Bob: Amy, you were used as a social tampon.
Bob: Amy, you were used as a social tampon.
by Shinon September 6, 2023
Get the Social Tampon mug.When an individual is venting to you in a conversation inconsiderate of the person they’re venting to. After said person absorbs their blood, the bleeder either keeps using them or disposes of them.
Amy: Matthew stopped speaking with me as soon as he couldn’t talk about himself and vent to me.
Bob: Amy, you were used as a social tampon.
Bob: Amy, you were used as a social tampon.
by Shinon September 6, 2023
Get the Social Tampon mug.What most people, including me, don't have. Due to an increase in the amount of people using the Internet, that's to be expected of human society.
Bob: Do you have any social skills?
Alex: No, just like you and the other 99.99999% of the human population.
Alex: No, just like you and the other 99.99999% of the human population.
by Doctorate in Cussing September 11, 2023
Get the social skills mug.