## Big AI  writes:

Does Hollywood ruin books?

## Scott Brooks  writes:

That was a very interesting post, Big!

# learn

Because humans have 5 fingers, and are trained in decimal base ten counting, they tend to think in 10/5 boxes, like a football field, like a 100 point trading range, with rounds being the edges of a box.

# Bayes

This guy, "3 Blue 1 Brown", does really nice vids:

Bayes Theorem

And non-stat:

Visualizing the Riemann zeta function and analytic continuation

# The Mathematics of Winning Monopoly

Motivated me to look up the UK Monopoly board:

# Delayed vs Instant Gratification

## Jeffrey Watson  writes:

I wonder if specs as children would eat the marshmallow now or wait the 15 minutes and get another one?

## Stefan Jovanovich  writes:

The fraud in social science is that its practitioners almost always end up being Platonists.  Instead of doing what Darwin and others did - collecting data in massive quantities and then using mathematics to find the probabilities, they define an idea - delayed gratification - and then work at finding the evidence that proves that the idea exists.  The law - the worst of all modern social sciences - does this automatically.  If you repeated the marshmallow experiment a hundred times, you would get the beginnings of understanding.  You might discover that the issue with the child who does not wait on the first trial is trust of strangers, that, after seeing that waiting does get you a second one, he is happy to wait as long as required.  If you change the reward structure so it is competitive - the one who waits longer gets 2, you would see yet another result.  The length of the finches' beaks is a statistical response to reality, not a measure of any particular bird's desire for instant or delayed gratification.

To answer Watsurf's question, for marshmallows I could wait forever - hate the things and always have.  For black licorice, I would have stolen the other kids before he had a chance to think.

## Anna K writes:

Stefan, very good points about all the issues with the test, but do you really think that “delayed vs instant gratification” doesn’t exist or doesn’t matter?

## Stefan Jovanovich  writes:

To give AK's questions a binary answer, No and No.  Delayed gratification is another categorical description that pretends human beings have innate behavioral qualities that can be quantitied, will be stable over time, and have predictive value.  But, the only measure that more than a century of experimental  data has shown to have a correlation with future behavior is the one that makes no effort to dissect people's minds but takes them completely as a whole - IQ.  And that, of course, is the very measure that has become illegal because it can foretell what individuals can and will do.

## Penny Brown writes:

Towards that end, De Blasio has decided to end testing to determine which students receive a place in schools for the gifted and talented.

No one is allowed to be superior in his world.  He has foster the dumbing down of education because having superior achievers is not equal.

Henceforth admission to the schools for  gifted students will just be determined by a lottery.

# Tweets-Jan/17/2021

Mr. Sogi do you like sushi with y our Kona coffee while watching the game with the ball pass the 50 year line of the adversary.

Mr Sogi you're close to your favorite red zone. may i suggest you go with your Japanese recent hires?

# Tweets-Jan/15/2021

Now one ascertains why it was down overnight

https://youtu.be/ghIiTR7l9_g

# Tweets-Jan/14/2021

Allis Halcyon on the round front.

# Tweets-Jan/13/2021

The purpose of markets, the lessons from the palindromes break of the bank on the British pounds, the secret of gaining traction for your position and a general reprieve of the market that's more informative than any other.

https://investopedia.com/articles/forex/08/greatest-currency-trades.asp on the contrary the worst currency trade ever see the pod cast.

youtu.be/5L47Kh5DHGM holding fire, bonds resist inflation, constructal numbers everywhere , Nikkei 30000.

# Tweets-Jan/12/2021

Its not cricket the range so far has only been 20 points. that's not enough to create normal vig and profits for infrastructure by forcing out the undercapitalized public thru moves they cant accommodate due to deplorable capital.

What is the game where the pitcher didn't allow the batters a clear shot by ruling it to the batter.

What the weather like at Duke professor and how are my daughter and his husband Chris doing at their schools. are their taking advantage of the constructs in their studies and life? how does it relate to medical and law schools as well as markets?"

A change in guard after 5 consecutive days down. could it temporaries halt like damn the constructal number in Sp.

Amazing that five down days inbounds didn't break the Sp relentless rise to new high. but a 1 day rise in bonds insufficient to send tocks up by almost a %

Would everybody kindly refrain from sending me non-woke material of any kid to this account as I have lost 10% of my followers in the past 2 weeks presumably do to algorithms to prevent non-woke.

The big catholic schools would pay bklyn college football team a huge amount to come to their home. so they could demolish the boys from BKLYN. the average score against bklyn was 72-3 . a touch back didn't count as a negative points so their score was positive like my followers.

# The Man Who Invented More Than 800 Iconic Toys

## Richard Owen  writes:

Eddy Goldfarb, who is ninety-eight, created such classics as the
bubble gun, chattering teeth, and Kerplunk! Here’s how he did it.

Well I was always optimistic.
I always believed things are gonna turn out okay.
I annoy people with my optimism.
People who, why don't you face reality and stuff?
Well, I think I'm right.
I think being optimistic helps me a lot.

Before going to sleep the night before
I usually go over the events of the day
and review the problems encountered in my work.
During the night, everything becomes much clearer,
and even some of yesterday's problems are solved.
I sometimes think that I got a little help
from family and friends that are no longer with us.
Rain or snow, cloudy or sunny,
it's a new, wonderful opportunity that we are given.
It's going to be a big day.

## Laurence Glazier writes:

Such an inspiring film, thank you.

The story quoted was, I think, meant to be exactly 100 words. A game in the spirit of Oulipo,

The final three lines I am guessing summarise, like the closing couplet of a sonnet.

# Electioral Accounting

## Victor Niederhoffer  writes:

How many things can you think of that were not cricket in the recent election https://thenewdaily.com.au/sport/cricket/2018/03/28/underarm-bowling-incident/

## Stefan Jovanovich  writes:

In terms of electoral accounting, this was a particularly nasty
election; but it was hardly exceptional. Compared to what happened in
New York in 1884, the cheating by the Democrats in Pennsylvania in 2020
barely rises above the level of "if you ain't cheating, you ain't competing" which has been the standard ever since the qualifications for
voting stopped including property ownership (the 1820s).

## Victor Niederhoffer  writes:

Herb London used to say that  1/2 million votes were always relieved in NYC election for governors. its was a hard takes for him 50% of the
electorate worked for noon- service paying orgs like the un or the  city
and state govs. Add in the 500000 votes and he was behind 60%  of
votes before  the Staten Island politician could eviscerate hims
further. but what  i was referring to was the " not cricket :" like the
delay in the big pharma announcement and the  stimulus bill and the Dr.
cattle   propaganda and the suppression of news about the son.

## Stefan Jovanovich  writes:

Yes.  There is nothing in that 19th century election - even the
propaganda against Blaine for being "anti-Catholic" - that comes close
to what we have lived through in the age of democracy not dying in
darkness.

# Galton on Politics

## Victor Niederhoffer  writes:

Why a slight switch in sentiment can cause a landslide of change.  I'll
get the exact quote somewhat  later but this is good  concerning the
tendency of oxen and human to have a preference for slavery

## Penny Brown writes:

A quote from Maxim du Camp - friend of Flaubert: "Revolution is always
the same: initiated by simpletons, helped along by fools, pushed through
by rogues and then taken over by the opportunists who do quite well."

# Heard on The Street

## Zubin Al writes:

Recently at a restaurant at lunch, two blue collar guys, one older, one
younger guy with a beard, both  in electricians uniforms sit down and  I
overhear the young guy explaining to the older guy about buying stocks,
and how if they double how much money he can make.  He says he doesn't
care how much it goes down, and that he will hold on.  The conversation
moves to Bitcoin, and the younger guy doesn't quite understand how it
works but that it keeps going up. To myself I'm thinking, "hmmm".  I
remember in late 1999 walking into the broker's office where I see a
young woman who I remember waiting tables there buying stocks.  I recall
taxi drivers during that same period talking stocks as conversation in
the cabs.

I wonder, is it different this time?

## Dr Gangineni Dhananjhay writes:

I have also got a similar experience in India. Near the brokerage
company where I regularly go to trade, I visit a Coffee stall. The
person running the coffee shop started giving stock advice. Which stocks
to buy and sell and general market opinion. I got afraid. Of course
this is an anecdotal evidence. I am seeing more of my relatives and
family members giving me stock advice. Time to be cautious ??

## Jack Cook writes:

For me, the Spring of 2001 'Aha Mr. Livermore, this is the top?  My
Masseuse was working on my lats and telling tales of retiring on all the

He is still my Masseuse.

Best in 2021

Heather

TikTok and Discord Are the New Wall Street Trading DesksCaitlin McCabe, Gunjan Banerji and Mischa Frankl-Duval-WSJ. A
new army of social media-enabled day traders is helping push stocks to
records and turning companies into market sensations. As trading by
individual investors boomed during the coronavirus pandemic, so has the
popularity of online communities where they gather. Platforms including
platform Discord have become the new Wall Street trading desks.
Individual investors gather to talk about hot stocks like Tesla Inc.,
boast of gains and commiserate about losses. These investors do more
than just talk, though. They piggyback on each others' ideas and trades,
helping fuel the momentum that has propelled some companies to
triple-digit or bigger gains in 2020.
on.wsj.com/3bxmPHI

# Tweets-Jan/11/2021

A round number is never a penumbra.

en.wikipedia.org/wiki/Military%E2%80%93industrial_complex replaced by congressional tcho-loy complex.

Little john, Frier tuck, special purpose vehicles Harvard invite to buy venture capital thru them, a plenitude of yellow.

# Tweets-Jan/10/2021

" Its a bull market " partridge.

# Tweets-Jan/8/2021

I had an insight from a dream last nite.the secret is to buy when the news is bad. do the opposite of what it seems like you should do from a psychology of spec book of http://1900.buy when the public is most negative concerning the prospects.

Nasdaq breached another constructional number at 13000. bitcoin on way to Sogi coffee number at 44400.. Nikkei must reach 30000 now at 28400.

Niederhoffer Sennett Daily Market Web 2021/01/08 https://youtu.be/3DVMDAisu-E via@YouTube

# Tweets-Jan/7/2021

My picture of the chairs office without room for a private hairdresser was in bad taste as i came during the protests i apologize, what I said about g and s having more freedom to ridicule the unified gov than we have was true but it was inappropriate at moment.

During the march of the peers in Iolanthe G and S HAD Them costume and masked as infamous peers of the day. i performed in the show 60 years ago directed by Nancy Lorie, Jim's first wife who every year directed a different G and S show as a fund raiser for the Lab school. Imagine a performance today with some peers dressed as persons of color, others in orange,, and a personage of age with her hair in curlers.

Quant points out that last night. I was bearish because of increase service rates spending and progressive control of capital and the dire prospects for R's in future. I was wrong,after being bull for 1000 pts first rise today before playing it for the contractual 3800.

I am very fallible especially when I relate market to qualitative things and when I give up buy and hold.

Stocks at an all-time high, bonds at a 7 month low. NASDAQ at an all-time high near a constructal number of 13,000. Stick to buy-and-hold and don't be swayed by qualitative bad news.

# Tweets-Jan/5/2021

You can't give a beaten dog a break. All the news that the incumbent cased for just 11000 votes is a terrible bowdlerizing of what the conference calls was. the incumbent presented 8 strands of falsity in the tallys including one by a notorious ballot stuffer. And he said that given he claims and will document hundreds of thousands of votes taken away from him or falsely given to the challenger. ,, all he need sis 11000 votes; the conference call was secretly recorded by the republicans on the voting committee in Georgia. why?

Your own man. on the Spe list we have had any discussions of the street game where there is a dispute about a call and the other side points out that "your own man " said you were out. Secretary Raffenberger and the other repubs are perfect example of that.. they are obviously trying their hardest to sink the incumbent whole claiming that the voted for r's etc. and that they recounted twice. The leaked tape t o embarrass the incumbent and the 25 calls he made unrequited is another indicia. the dee p state and the swamp are contagious not only is 95% against the r's because they among other things they are paid by increasing government but they are hauling out every technique form street games and other games of duplicate to make it seems that they are non-partisan crude joins t he fray at construal number and inflationary signal that academic research will be hauled out to show it don't matter with everything else at high also change in form and tempo and wokity Tech will not have as clear sailing to use their big horns to out compete non-tech business. should be reversal of form for value stocks another change in form in favor of big horns.

(Edited)

Actually the disaster is going to occur if the Democrats: stack the Supreme Court, continue to support the black victimization industry, bail out the free-spending and almost bankrupt Democratic states of Connecticut, New Jersey, and Illinois.

Wsj editorial response continued

Cancel student debt, bring in Medicare for all having already trashed a good part of the private health insurance market with Obamacare, re-enter Iran nuclear deal, keep cozying up to Cuba, continue bleeding the military budget to pay for domestic.

editorial continued

Defund the police, excuse self important intelligentsia that all white people are racist, continue to block charter schools, be hostage to teachers unions, consolidate more power in wash" Why the market is down 35 since D'S won Georgia.

Niederhoffer Sennett Daily Market Web 2021/01/05 https://youtu.be/S1d6WcCOeMk via @YouTube

Nie discussion of trend following unindividual stocks, the three greatest investors, bitcoin as sponge for woke and inflation, what really happened in conf call, inflation galore, big horn sheep as big tech, "your own man" et al in Jan 5 sonnet Vic podcast. Yes the great genius chess champion often played chess at w.4th street beach while I played paddles a block away, unfortunately the water didn't transmit his genius to me, but I had seven wonderful kids more than he amazing that at of 11 30 pm from 6pm,est the  Sp futures have swung above and below the construal number of 3700 8 times— doing it again as I write-

# Perfect Example

## Victor Niederhoffer  writes:

Of our favorite technique from street games " your own ma" the r's in Georgia  loudly proclaim that they voted r's but at the same time they are obviously string their hardest to sink the incumbent.  How can you fight the system when everyone is against you and they are hauling out every technique to make you look bad. Who is this notorious ballot stuffer that the   Georgia elected official had in a prominent position. And which the incumbent said was alone in the office with the suitcase of 100% voted or d's. the conference call claimed 7 or 7 deferent kinds of abuse and it was taken out of context by all media to say that the incumbent want just 11000 votes. I often was visited with a biased referee in squash who was against me because I was not from Merior or the prep schools or because I was Jewish. Osborne tried to help me. and I still remember how the finals of the championship was stolen from me when the referee called a ball down on me which he had never done. In other words, play was going on and there was no appeal but he shout out down. It doesn't seem important in retrospect but it prevent me from winning the world championship when I was 18 years old. the incumbent has to fight 4 millions against him and the forces against him are contagious to make matters worse.

## Zubin Al  writes:

Indeed, it’s the coordinated powers of the world against one man (a man in the most powerful position in the world). Trump has been an existential threat to China’s path to economic superpower status, an existential threat to the Climate Action 100+ coordination/cooperation, and an existential threat to the swamp. To what extent would they go to remove him?  It seems we are seeing it. “Whatever it takes.”  Tomorrow and the days ahead may be total chaos.

# Tweets-Jan/4/2021

There was some talk responsive to what regularities are in play now that the first day of year was down more than ever before. with I think a facetious shout out to me, i.e. " he has every regularity quantified" if only that were true and more to point if only the regularities weren't subject to Bacon's law, i.e.. Irhoffer Sennett Daily Market Web 2021/01/04.

You can't keep a good man down. After the biggest sell-off to start any year (150 pts), the market ended only 1.5% off the all-time high. Everything depends upon the Georgia election tomorrow.

# Tweets-Jan/3/2021

With topsy turvy and woke and margin debt at all time high and the small investors marking money in options spec purp vehicles and momentum, and Georgia in play for d's, I revisit the likelihoods and note after big highs near the last trading day of year, not so hot.

Please tell me how with every market at a high, the inflation are going to be very worrisomely high the next few //ac=announcements or are we still going with all the crazy academic research that says that markets don't matter and are just temporary blips.

We start with a drink of Kona coffee from Mr. Sogi as the market plays footsie with his favorite coffee level of 3750.

# Tweets-Jan/2/2021

https://youtu.be/3VniS6ObNNE
Niederhoffer Sennett Daily Market Web 2020/12/30
Predictions for the end of the year! Harvard leads from behind, a forerunner of venture capital crash.