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← Exchange can make a society nicer as well as richer, because in a market buying is cheaper than stealing
17 connected korrents · 17 moments from 9 Mar 1776 to 25 Sept 2026.
Everything filed under market efficiency
market efficiency
Everything filed under stock market
stock market
Everything filed under investing
investing
Everything filed under capitalism
capitalism
Everything filed under crypto
crypto
Everything filed under innovation
innovation Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Same subject Read this korrent: Exchange can make a society nicer as well as richer, because in a market buying is cheaper than stealing Exchange can make a society nicer as well as richer, because in a market buying is cheaper than stealing Last stated 9 years ago
11 Feb 2018
SP
Steven Pinker — holds since 2018-02-11 — tap for who they are
Same subject: By pursuing their own interest, people frequently serve society better than when they set out to serve it — tap to centre the map on it By pursuing their own interest, people frequently serve society better than when they set out to serve it Last stated 251 years ago
9 Mar 1776
AS
Adam Smith — holds since 1776-03-09 — tap for who they are
Same subject: A market becomes commodified through fungibility of alternatives, not merely through lower price. — tap to centre the map on it A market becomes commodified through fungibility of alternatives, not merely through lower price. Last stated a month ago
26 Aug 2026
RK
Rohit Krishnan — holds since 2026-08-26 — tap for who they are
Same subject: Scarcity and difficulty of production, not just usefulness, are what let a seller charge more. — tap to centre the map on it Scarcity and difficulty of production, not just usefulness, are what let a seller charge more. Last stated 3 months ago
11 Jul 2026
JJ
Justin Jackson — holds since 2026-07-11 — tap for who they are
Same subject: A society's prosperity comes from its productivity, not from the financial system or stock market. — tap to centre the map on it A society's prosperity comes from its productivity, not from the financial system or stock market. Last stated a week ago
25 Sept 2026
MM
Mr. Money Mustache — holds since 2026-09-25 — tap for who they are
Same subject: Exposure to competition in tradeable sectors makes those sectors more productive than non-tradable ones. — tap to centre the map on it Exposure to competition in tradeable sectors makes those sectors more productive than non-tradable ones. Last stated a year ago
29 Apr 2025
SH
Samuel Hammond — holds since 2025-04-29 — tap for who they are
Same subject: Bitcoin creates more upside and downside than traditional money because it makes users power users with no system administrator to fall back on. — tap to centre the map on it Bitcoin creates more upside and downside than traditional money because it makes users power users with no system administrator to fall back on. Last stated 3 months ago
12 Jul 2026
BS
Balaji Srinivasan — holds since 2026-07-12 — tap for who they are
Same subject: Society underinvests in innovation, especially in innovations that would mostly benefit the poor, who cannot generate market demand — tap to centre the map on it Society underinvests in innovation, especially in innovations that would mostly benefit the poor, who cannot generate market demand
BG
Bill Gates — holds since c. 2010 — tap for who they are
Same subject: Money works only because everyone believes in it, which makes a currency a measure of social trust that fails when the trust does. — tap to centre the map on it Money works only because everyone believes in it, which makes a currency a measure of social trust that fails when the trust does. Last stated 2 years ago
19 Jan 2025
JB
Jennifer Burns — holds since 2025-01-19 — tap for who they are
Same subject: A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack. — tap to centre the map on it A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack. Last stated 7 months ago
3 Mar 2026
SB
Sanjay Bakshi — holds since 2026-03-03 — tap for who they are
Same subject: AI models exhibit 'reflex' misbehaviors like clickbait that do not involve goal-seeking and persist despite feedback. — tap to centre the map on it AI models exhibit 'reflex' misbehaviors like clickbait that do not involve goal-seeking and persist despite feedback. Last stated a week ago
23 Sept 2026
SA
Scott Alexander — holds since 2026-09-23 — tap for who they are
Same subject: Almost all of the dot-com era's exuberance turned out to be warranted; we remember the failures and forget the value that era created. — tap to centre the map on it Almost all of the dot-com era's exuberance turned out to be warranted; we remember the failures and forget the value that era created. Last stated a year ago
18 Aug 2025
BT
Bret Taylor — holds since 2025-08-18 — tap for who they are
Same subject: A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now. — tap to centre the map on it A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now. Last stated 10 months ago
9 Dec 2025
HM
Howard Marks — holds since 2025-12-09 — tap for who they are
Same subject: A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. — tap to centre the map on it A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate. Last stated 4 years ago
1 Jun 2022
OB
Olivier Blanchard — holds since 2022-06-01 — tap for who they are
Same subject: A company that grows enough eventually has no need for investors. — tap to centre the map on it A company that grows enough eventually has no need for investors. Last stated a month ago
1 Sept 2026
PG
Paul Graham — holds since 2026-09-01 — tap for who they are
Same subject: A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in. — tap to centre the map on it A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in. Last stated 2 years ago
3 Mar 2025
TS
Tobias Sjösten — holds since 2025-03-03 — tap for who they are
Same subject: A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology. — tap to centre the map on it A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology. Last stated 2 weeks ago
22 Sept 2026
BR
Barry Ritholtz — holds since 2026-09-22 — tap for who they are
Same subject: AI will force a correction in how companies pay for experience once AI-augmented junior employees match the output of far costlier mid-career employees. — tap to centre the map on it AI will force a correction in how companies pay for experience once AI-augmented junior employees match the output of far costlier mid-career employees. Last stated 2 months ago
15 Aug 2026
HR
Harper Reed — holds since 2026-08-15 — tap for who they are
At the centre
Exchange can make a society nicer as well as richer, because in a market buying is cheaper than stealing
Holds Read this korrent →
By pursuing their own interest, people frequently serve society better than when they set out to serve it
Holds
A market becomes commodified through fungibility of alternatives, not merely through lower price.
Holds
Scarcity and difficulty of production, not just usefulness, are what let a seller charge more.
Holds
A society's prosperity comes from its productivity, not from the financial system or stock market.
Holds
Exposure to competition in tradeable sectors makes those sectors more productive than non-tradable ones.
Holds
Bitcoin creates more upside and downside than traditional money because it makes users power users with no system administrator to fall back on.
Holds
Society underinvests in innovation, especially in innovations that would mostly benefit the poor, who cannot generate market demand
Last stated c. 2010
Holds
Money works only because everyone believes in it, which makes a currency a measure of social trust that fails when the trust does.
Holds
A high, stable dividend yield gives a stock's valuation a downside floor that growth stocks without dividends lack.
Holds
AI models exhibit 'reflex' misbehaviors like clickbait that do not involve goal-seeking and persist despite feedback.
Holds
Almost all of the dot-com era's exuberance turned out to be warranted; we remember the failures and forget the value that era created.
Holds
A bubble can only be identified in retrospect, so arguing about whether one is happening now cannot be settled now.
Holds
A central bank can eliminate a self-fulfilling ('sunspot') debt crisis simply by credibly committing to buy as many bonds as needed at the low interest rate.
Holds
A company that grows enough eventually has no need for investors.
Holds
A company that deviates from open standards in its data exports without documenting the deviation creates an artificial vendor lock-in.
Holds
A dominant company's lead in market share compounds over time and becomes harder for competitors to close, especially in technology.
Holds
AI will force a correction in how companies pay for experience once AI-augmented junior employees match the output of far costlier mid-career employees.
Holds