I've sent in corrections to Apple Maps in Portugal (shopping mall is 1km away from the location on Apple Maps) and Canada (speed camera does not exist). Both were taken care of within a couple of days.
but then again Apple Maps seems (certainly here in London) to be absolutely full of geofraud entries and out of date slop, such as small businesses with linked websites that have been shuttered for years, and strange businesses located in the middle of playing fields, parks and lakes.
Even assuming the end-state of all this is Trekonomics -- consider the amount of retired folks that generally just sit around and watch TV. I think a massive culture-shift is in order before we can even consider a healthy society consisting of 0 essential employment.
If you understand finance and aren’t specifically attempting to arb on that timescale, you actually want to participate in markets with those participants, because their presence gives you less variance/better price discovery on the scales that don’t factor into your decisions to buy and sell things.
So basically if you’re larping as a trader you will consistently get your ass handed to you unless you are genuinely better than all the pros, but if you’re investing or optimizing for a specific risk profile/exposure/timeline you’re playing a different game.
Anyway the fact that it’s so hard to explain this stuff to individuals does strengthen the argument that most individuals are better off following the herd.
thats one of the areas where quants squeeze edge the other is more boring where they are essentially "market neutral" and they try to figure out how to make a few cents everyday knowing the downside is a global financial crisis.
their edge is basically political so that they get a bail out and thats what the quants will never see in their models.
not to get cynical further, just do what the GP says, buy index or figure out what the biggest movers are and buy those for more exposure
My comment didn’t really portray what I’m getting at. Food insecurity is obviously an indicator for financial confidence. I know people can afford food, on top of the fact they will choose to pay for it because they have to. I know people who have chosen to eat and fall behind on rent. The point is, if you’re worried about your meals, you’re not living the rest of your life with confidence. It’s not something to be brushed aside.
I think about this problem often in life because of my tendency to procrastinate. Only the long term effects that cause me serious paranoia get any real attention (failing to meet social expectations, major health issues, large-figure finance problems). It’s absolutely necessary to define the constraints before they define you. This requires a lot of forward thinking and effort but considering how little time we get on this earth… worth it