Date: June 29th, 2020 10:09 PM
Author: bateful light cruise ship scourge upon the earth
Looking for ways to play XO wisdom in the markets. ETFs preferred.
1) As Maya Angelou said, "When someone shows you who they are, believe them the first time."
Africans have shown us who they are the first 2,000 times. Africans never invented the wheel, written language, a sea-faring vessel, or a calendar. Note that IQ is 86% heritable and that over 1,000 genes have been identified that contribute to intelligence.
Thus, every major ETF that is associated with Africa (EZA, AFK, NGE, EGPT) has unsurprisingly massively destroyed value over effectively any meaningful time frame, even including ones weighted towards Nasper (holding company for Tencent).
2) True innovation is linked to IQ. There is a reason that Musk, Zuckerberg, Bezos, and Gates all had perfect SAT scores - intelligence is necessary but not sufficient for certain levels of innovation and success.
Average IQs are declining in the Western world due to immigration. I believe the best company valuations, on an IQ-adjusted basis, can be found in Southeast Asia.
Tech in China should continue to grow as well because while the Chinese are prone to corruption, they are high IQ and love money, and that ambition should contribute to growth across an index. They lack the innovative spirits of the best in the West (historically) but I think that is secondary to their ambition and regardless they will be able to lead in biotech and machine learning as aspects increasingly become non-PC in the West.
3) American is becoming South Africa, which is becoming Rhodesia. What did white South Africans buy? I'm looking to crowd-source ideas but property in gated communities and private security forces are two. A future trend will be expropriation of white property or assets without compensation, so need to avoid assets that will be taken (in South Africa it's been farmland, in the U.S. it will look different).
4) Currency devaluation. In the early 90s, the ZAR was 2.3 / USD. Today it is 17.2 / USD.