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Joined 2 years ago
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Cake day: June 16th, 2023

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  • Not forever, obviously. But a lot of very small portfolio investors have bought meme stocks in enough quantities to prop up the price for a while. Take DJT, the Trump media stock. The company made less than one well-paid lawyer last year and has no serious business prospects, yet the price goes up. It sure as heck isn’t berkshire hathaway or some big institutional investor buying THAT hot garbage. If someone who rolls coal owns stock in Tesla, it’s not because they believe in decarbonizing the economy; they liked Musk’s nazi salutes and nazi tweets and his proximity to trump. “Owning the libs” is not a tested investment strategy, but my personal opinion is that a whole lotta small-time investors will lose their (very modest) life savings when the stock price of these BS companies eventually collapses.















  • I want to second your comments about social media and algorithmic marketing. I completely stopped watching youtube unless a human recommended the video or i searched for the content myself. I don’t take recommendations from machine learning models - especially not ones designed and tuned to enrich billionaires at the expense of health, society, and democracy.

    This probably sounds quaint, but i have returned to paper for my news/arts/culture stuff. I figure that if it is worth printing, it is more likely to be worth reading. Audio books can be nice, but I limit even them because they can intrude too much on my thinking time. I think part of the stress and fatigue i used to feel was related to a lack of reflection. It is good and healthy to just think. I am starting to wonder if daydreaming is a bit like daily exercise- not doing enough will really fuck you up.

    One more thing i started doing that helped with my anomie was getting involved in helping people. I started volunteering at a church. Now, I am an atheist and very open about it (without, i hope, being a dick). But i found a church that is compatible with my beliefs and they do some nice community outreach. No one there has ever tried to convert me, so i extend them the same courtesy. The work is nothing heroic: i help stream the service so the elderly and disabled members (congregants?) can watch from home when they can’t make it, i help with the semi-annual food drive, and every now and then i make coffee for the old ladies while they have their meetings. It has made a huge difference in how i feel about my community. When i go out, i see friends and friendly people throughout the city. I feel like i am plugged into a mutual aid society and (try not to laugh) it makes me feel important in a way that work, school, and gym never did.