Author Topic: Hedge fund billionaires asking the important questions  (Read 1834 times)

Travoli

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Hedge fund billionaires asking the important questions
« on: July 15, 2018, 01:37:43 AM »
"Last year, I got invited to a super-deluxe private resort to deliver a keynote speech to what I assumed would be a hundred or so investment bankers. It was by far the largest fee I had ever been offered for a talk — about half my annual professor’s salary — all to deliver some insight on the subject of “the future of technology."...

"They started out innocuously enough. Ethereum or bitcoin? Is quantum computing a real thing? Slowly but surely, however, they edged into their real topics of concern. Which region will be less impacted by the coming climate crisis: New Zealand or Alaska? Is Google really building Ray Kurzweil a home for his brain, and will his consciousness live through the transition, or will it die and be reborn as a whole new one? Finally, the CEO of a brokerage house explained that he had nearly completed building his own underground bunker system and asked, “How do I maintain authority over my security force after the event?”

"They were not interested in how to avoid a calamity; they’re convinced we are too far gone. For all their wealth and power, they don’t believe they can affect the future. They are simply accepting the darkest of all scenarios and then bringing whatever money and technology they can employ to insulate themselves"

https://medium.com/s/futurehuman/survival-of-the-richest-9ef6cddd0cc1

ergophobe

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Re: Hedge fund billionaires asking the important questions
« Reply #1 on: July 15, 2018, 02:13:57 AM »
It reminds me of the old joke: The weak shall inherit the earth. The rest of us will escape to the stars.

Except, of course, that's from the 1970s when we thought that perhaps a lot of us would escape to the stars, rather than believing that
1. "We" aren't "us"
2. Nobody is likely to escape to the stars

Quote
If anything, the longer we ignore the social, economic, and environmental repercussions, the more of a problem they become.

This is the overarching problem. It is certainly true of climate change, but lately I'm thinking it's true of all sorts of social problems - by the time it feels urgent, it's too late. It's turning the wheel in the oil tanker a foot before collision.

What I find interesting about these hedge fund managers is that they have any interest at all in living in a world where their security forces where discipline collars and the food is locked in a locker where one despot has the combination.

Personally, I would prefer that The Event kill me before I see that.

ergophobe

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rcjordan

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Re: Hedge fund billionaires asking the important questions
« Reply #3 on: July 15, 2018, 02:19:52 AM »
There was a movie -2012- in which the world's billionaires paid to have 4 hi-tech arks built to save them from the apocalyptic floods.  In the end, 3 arks made it to a small island.  Other than the massive plot holes, my thoughts at the end:

(A)  They bought along crew/servants to pilot/handle/maintain the arks. What's going to keep the crew subservient now that the billionaires' wealth is no longer a factor?

(B)  They're f###ed. What do billionaires know about the hard, bone-breaking work of subsistence living?

littleman

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Re: Hedge fund billionaires asking the important questions
« Reply #4 on: July 15, 2018, 02:40:04 AM »
>by the time it feels urgent, it's too late.

The Earth is like a pet hamster.

ergophobe

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Re: Hedge fund billionaires asking the important questions
« Reply #5 on: July 15, 2018, 03:08:05 AM »
What do billionaires know about the hard, bone-breaking work of subsistence living?

I have, to my knowledge, met only one billionaire and, as it turns out, he knew a lot about the hard, bone-breaking work of subsistence living. His knowledge was, uh, a few years out of date let's say. But I think he would do very well if he had to scrap for it.

rcjordan

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Re: Hedge fund billionaires asking the important questions
« Reply #6 on: July 15, 2018, 12:33:36 PM »
First generation wealth, yeah. Second gen, maybe. After that, not a chance.

Mackin USA

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