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In It For the Money: The Trump Coin Sham

Beware deceitful memorabilia hawkers who sell cheap mementos, hoping you'll be the fool that helps make them rich

Americans have a seemingly insatiable demand for memorabilia, no matter how cheaply it is made or how cheesy it looks. Some are preparing for their nostalgic years; some think they are making smart investments in collectibles that become more valuable as time passes. The problem with “investing” in collectibles is that an investment’s intrinsic value depends on how much income it generates. Stocks, bonds, rental properties, and profitable businesses all have intrinsic value. Mementos don’t. They rely on the Greater Fool Theory. If fools don’t appear, memento collectors are stuck with cheap and cheesy trinkets. This sobering reality does little to discourage people intoxicated by dreams of riches. For example, the White House Gift Shop sells a large collection of…

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economic crisis stock chart falling down business global money bankruptcy concept

Faster Computers Lead to More Wealth, Right? What Could Go Wrong?

What if fast computers get in the way of carefully considering information before starting trades?

In this week’s podcast, tech philosopher George Gilder and computer engineer Robert J. Marks, our Walter Bradley Center director, continued their discussion of the impact of artificial intelligence (AI). This time, they focused on the way AI affects the stock market, for better or worse. You can download Gilder’s new book, Gaming AI, for free here. The first part of the discussion between Gilder and Marks is here. Meanwhile… https://episodes.castos.com/mindmatters/Mind-Matters-106-George-Gilder.mp3 From the transcript: (Show Notes, Resources, and a link to the complete transcript follow.) Robert J. Marks: I had a friend, Jack Marshall, who was a professor of financial engineering. He was approached all the time by people who said, “I have beat the market by artificial intelligence.” And of…

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Finally froze while looking for this shot, but it was worth it.

AI Development in Russia — Part 1

What is happening in Russia right now with regards to non-military development of artificial intelligence? Samuel Bendett and Robert J. Marks discuss Russian non-military development of AI, entrepreneurship, and free enterprise. Show Notes 00:46 | Introducing Samuel Bendett, advisor with the CNA Adversary Analysis Group 01:37 | Samuel Bendett’s background 02:14 | Russian non-military development of AI 09:28 | Taking…