Rusty
8.7K posts

Rusty
@Rusty_Swarf
Technology Critic. Restore what is fit for eternity, let all else perish.

Someone gotta take the dried persimmons away from me. I cannot be trusted to act normal around the dried persimmons.

Everything I have for my daughter either has a fox or a bunny on it. Inside her there are two wolves, neither is a wolf and they are in eternal chase


One of my age old tensions is between “life is an ecology and any attempt to impose order onto it is misplaced”, and “one good spreadsheet, one good model, one good personal operating procedure could transform everything for the better”. ayy lmao

And because different types of capital are supposed to be exchangeable, this becomes the "Moral and Spiritual Mandate to Make Number Go Up"

@Rusty_Swarf In the case of the Malay lords, it was more a matter of sovereignty rather than capital. But capital is also what secured their sovereignty.


whenever you struggle to understand an asset pricing bubble, ask yourself: "is this the only place in the economy where you can put a trillion dollars to work?" if the answer is yes, that asset will produce 30% irr until there's a bigger feeable hole in the ground.



@leashless Now the predominant form of capital is something more like: "control of the legal structures that dictate who holds the rights to payments based on nebulous concepts like IP, and the laundering of resource extraction through supranational corporations."


Manuals are poorly written for many other reasons. Also they’re not actually knowledge documents, their real purpose is legal shields: "If you didn’t do it this way it’s your fault, you can’t sue us."












