[This article was updated on Januaaryn 18, 2021 to include additional data I learned of in the comment section]
Commenter “Carlos” left a number of comments on this blog about his brilliant cousin. These comments are posted below in red.
On September 10, 2020, commenter “Carlos” wrote:
Hi Pumpkin Person! I’ve been reading you since too long and now i have an intersting case for you
My cousin is pretty brilliant and I’ve been observing him for quite a long time. I would like your estimate on his IQ. Here it goes his history: at 5 years old he memorized around 200 country flags in a book,and was able to draw any flag at any time. At 16 years old he memorized 200 pi numbers in a couple of hours. In high school he was the best math student despite lack of effort (in fact he doesnt like studying).He started musi. College at 18 and now at 20 is able to play around 30 instruments with greatness. He does extremely fast mental calculus. Since I’m really intersted in IQ testing, I tried something with him. At 16 years old I sat him the Raven standard progressive matrices, which he achieved 60/60. Later, at 18, he passed mensa test,but I dont know what test was used neither the score, and later marked 36/36 on Raven advanced matrices. He even said it was too easy. Last week I showed him your PATMA test, and in less than 5 minutes he got 10/10. I tried the digit span with him and he was capable of doing 9 forward and 8 backwards, but had one fail: when he had to repeat 8 digits backwards, he got one right and one wrong, saying he could not hear properly the one he got wrong (I didnt try any more than this).ohh I also tried with him the arithmetic part of WAIS IV, in which he was able to get everything right, answering every question in under than 10 seconds)…. The only other information I have is about a high range IQ test called Sigma Test. He did from the 1 to 20 easily, with no difficulty, but was quite lazy to do anything more.
I’d really enjoy your study in this case.
Greeting from London!
My first question is how did Carlos sit his cousin for the Raven Standard Progressive Matrices & the WAIS-IV arithmetic test? Does he have access to these tests?
On Sept 11, 2020, he wrote:
Yeah, I’m not making up. He’s really my cousin! I have always been curious about him and his real IQ. His father is also gifted, but waaaay less than him. Another thing I remembered is that he is able to speak any words backwards very fast. People are always asking him to do it, because it’s really fun to see. He was born here in London but lived some time in Paris, as his father is an engineer and was moved
On Jan 4, 2021, Carlos wrote:
Some time ago I posted a comment talking about my cousin Brian, who has exceptional intelligence. Yesterday I found out he was evaluated with WAIS IV this year, january, at 20 years old. The raw scores:
Vocabulary: 45/57
Similarities: 34/36
Information: 23/26
Matrices: 26/26
Visual Puzzles: 23/26 (Carlos later said he made an error & actual score was 25/26)
Block Design: 66/66
Digit Span: 45/48
Arithmetic: 22/22
Coding: 98/135
Symbol Search: 49/60
He is a musician and is studying to become an orchestra conductor. He plays very well around 25 musical instruments and has great memory skills.
As you can see he excelled Arithmetic (all the questions answered in less than 10 seconds, according to his psychologist), matrices subtests and Block Design, so I’m going to give you some other informations so you can try a better estimate.
Her psychologist administered some WISC V subtests, as they are pretty hard (even more than the WAIS IV) he excelled the Matrix Reasoning part and had a 51 on Digit Span. Also had a 33/34 on arithmetic. Arithmetic on WISC V is way harder than arithmetic on WAIS IV, but the norms are a bit awkward. Maybe you can try to extrapolate. There is a extended WISC V norms on internet, just search for it and its easy to find.
Some months ago I showed him your PATMA. He had 10/10 with no efforts. He took the Raven Advanced matrices with 18 years old and scored 36/36 on the 40 minutes version.
Also he took the Cattell Culture Fair Form B with 18 years old and scored a very high 42 out of 50 questions (her mother couldn’t recall exactly). Also scored 43/44 on D70 and 44/44 on D48 tests.
I think it would be great if you show us your estimative about him, as he had some ceiling problems with WAIS IV.
Carlos’s cousin sounds ridiculously intelligent and the fact that he’s an aspiring conductor reminds me that Arthur Jensen viewed conductors as men of high intelligence. “The musicians in the symphony orchestras are kind of average” he told Forbes magazine’s Daniel Seligman. “They’re at about the level of an average BA graduate. But the conductors–now they’re something else again.”
But I’m surprised he took the WAIS-IV in January 2021. Aren’t we in a pandemic? Did he and the psychologist wear a mask or was the test administered by zoom? The latter seems unlikely since Block Design was administered.
Nonetheless, using the raw scores Carlos provided, I converted his cousin’s WAIS-IV scores to scaled score & IQ equivalents (isn’t this the job of the psychologist who tested him?). I’m assuming he took the American version. Note that the subtests are expressed as scaled scores where the U.S. mean and standard deviation at all age groups are set at 10 and 3 respectively. By contrast, the index scores and full-scale IQ use a scale where the U.S. mean and SD are set at 100 and 15 respectively.
scores before Flynn effect adjustments | adjusted for the Flynn effect | |
Vocabulary (word knowledge) | 14 | 12.73 |
Similarities (verbal abstraction & thought organization) | 17 | 16.11 |
Information (long-term memory & environmental awareness) | 17 | 16.36 |
Matrices (visual pattern recognition) | 18 (24 using WISC-V scores) | 17.24 (23.84 using WISC-V scores) |
Visual Puzzles (spatial reasoning) | 17 | 16.62 |
Block Design (visual organization & spatial analysis) | 19 | 18.62 |
Digit Span (rote memory & attention) | 19 (22 using WISC-V scores) | 18.62 (21.9 using WISC-V scores) |
Arithmetic (mental math) | 19 (17 using WISC-V scores) | 19 (17 using WISC-V scores) |
Coding (rapid eye-hand coordination) | 15 | 14.75 |
Symbol Search (visual scanning) | 16 | 15.75 |
Verbal comprehension index | 136 | 130 |
Perceptual Reasoning index | 146 (150+ if we substitute WISC-V scores for Matrices) | 142 (150+ if we substitute WISC-V scores for Matrices) |
Working Memory index | 150+ (150+ if we substitute WISC-V scores for Digit Span & Arithmetic) | 150+ (150+ if we substitute WISC-V scores for Digit Span & Arithmetic) |
Processing speed index | 129 | 129 |
Full-scale IQ | 151 (157 if we substitute WISC-V scores for Matrices, Digit Span & Arithmetic) | 148 (154 if we substitute WISC-V scores for Digit Span & Arithmetic) |
As the above data shows, Carlo’s cousin has an overall WAIS-IV IQ of roughly 150 (before and after corrections for the Flynn effect). This puts him at the extremely brilliant range and sounds consistent with his spectacular intellectual achievements.
Although he hit the WAIS-IV raw score ceiling on three subtests (Arithmetic, Matrices & Block Design) and the WAIS-IV scaled score ceiling (19) on three subtests ( Arithmetic, Block Design & Digit Span) it was not immediately obvious that his WAIS-IV full-scale IQ was supressed by ceiling bumping. My general rule for ceiling bumping is when at least half the subtests hit the scaled score ceiling or there’s a non-trivial median scaled score > mean scaled score gap. Carlos’s cousin meets neither of these criteria for full-scale IQ but he does meet the first one for Working Memory index.
Thus it’s interesting that the psychologist administered the Matrices, Digit Span and Arithmetic subtests of the children’s scale (WISC-V) because these now have super high ceiling norms (above scaled score 19) for identifying profoundly gifted kids. Unfortunately at age 20, Carlos’s cousin is too old for these norms but if we use the norms for U.S. 16.95-year-olds, his WISC-V Digit Span gets a scaled score of 23 (roughly one in 136,000 level)! However given that he was presumably 20-years-old, I would reduce this to 22 (roughly one in 31,000 level). Given that these extended norms were published in 2019 (and likely gathered circa 2017?) one might reduce this further to 21.9 for the Digit Span Flynn effect.
Meanwhile on the WISC-IV Matrices subtest, he obtained a scaled scored of 24 (about one in 652,000 level!) and because performance on this task (at least at the high end) does not increase from age 16.95 to age 20, there was no need to adjust for age, though after Flynn effect correction it became 23.84.
After acing the WAIS-IV Arithmetic subtest and the PATMA, Carlos’s cousin regressed to the mean on the WISC-V Arithmetic subtest. The extended norms don’t show equivalents below a scaled score of 18 but if they did, Carlos’s cousin would have likely scored 17 for 16.95-year-olds (one in 100 level) and this should be reduced to 16 assuming he was 20-years-old. Arithmetic shows no Flynn effect so no need to adjust for slightly old norms.
Too bad the psychologists apparently did not give the WISC-V Block Design to see if he could have exceeded a subscale score of 19 on that subtest too, although given the high practice effect of this subtest, it would have been unwise to administer it so soon after the WAIS-IV version.
Although Carlos’s cousin was above average on all subtests, he scored relatively low on Vocabulary. Given that Carlos appears to be Hispanic, I wonder if his cousin is bilingual and if that may have supressed his English vocabulary.
Ganzir said:
I also did Sigma Test and about had the same experience. Questions 1-~20 were, in my view, fairly simple mathematical reasoning questions. The later questions got increasingly weird, and some simply couldn’t be scored objectively, e.g., “Describe a fast and effective method for estimating the size of a person’s vocabulary.” It’s probably a good test up to IQ ~140 though.
LOADED said:
One thing Ive noticed is that IQ doesnt accurately measure competency past a certain threshold. Thats why the Pumpkins and Carlos’ cousin and the rest of these high-IQ wannabes cant get past a certain threshold of social success.
Regardless of my IQ I know Im more competent than a vast majority of people who have higher intelligence quotients than me including PP.
pumpkinperson said:
You’re nowhere near as competent as me. I make ten times as much money as you & do far more important work. I’ve adapted to my environment; you have not.
LOADED said:
What the fuck are you talking about? If you had to live in my environment for a day you would snap and lose your mind. Who gives a fuck how much money you make? You are clearly not competent enough to compare yourself to me.
The only reason you have any more success in life is because you had a better head start than the rest of us. Theres no glory or bragging rights in that!
pumpkinperson said:
What the fuck are you talking about? If you had to live in my environment for a day you would snap and lose your mind.
I wouldn’t be dumb enough to end up in your environment in the firt place.
The only reason you have any more success in life is because you had a better head start than the rest of us.
We were both raised with a head start but unlike you I was smart enough to maintain mine. To quote Oprah, the difference between you and me, is ME!
LOADED said:
Did I ever expect to end up in this environment? Hell no but it was something I could not control. Theres no logical basis for how someone would prevent themselves from going down the path that I did but apparently you think that it was a path that I chose or made choices to get to.
That is sadly not the case. That is exactly why you should be thankful for the position youre currently in and should hope to never in end up in my circumstances. That requires competency in and of itself to understand that those in less fortunate situations than you may have more inherent value than you but were given an unfortunate path in life to take.
To cement this concept further I would look at the successful people in this world who lived miserable lives. When you hear their story you realize that their worth was much higher than yours but their circumstances were much worse. This is exactly what Im getting at. It doesnt require that much mental effort to understand but a great deal of empathy and strength to embrace it.
The philosopher said:
Where is my comment here?! So I’m not allowed comfort loaded either it seems.
Carlos said:
His not a high IQ wannabe, hes just… high IQ!. In fact he doesnt care about IQ, but he told me tests like raven are fun to take
LOADED said:
Cool I was just using him as a generalized example. I dont really know the guy so I just extrapolated my observations onto him as a way of strengthening my claim.
But I do know at least now that you probably are on the autism spectrum and because your cousin is just a higher IQ variation of yourself he probably is autistic as well.
Carlos said:
You tell me I am autistic? And my cousin too? Based on what?
freddie said:
happy rubicon day carlos.
Matthew said:
What other IQ tests did he take?
Billy said:
This is the cognitive profile of someone successful indeed. Having high WMI and PRI is all you need. Additionally PSI for quick input/output.
Ganzir said:
I figure VCI is more important than PRI tbh. But the grass is always greener on the other side
Dexter said:
Are you really ranking VCI last? For me, it would be top.
Teffec P. said:
Mastery of one’s native tongue is a lifelong intelligence test. Vocabulary acquisition is comprehension, retention, and inquisitiveness – three major components of overall smarts.
pumpkinperson said:
I agree except for inquisitiveness being part of smarts. To me it’s a personality trait, not a cognitive one.
Evan said:
Order of priority is VCI > WMI > PRI > PSI IMO. This is why I believe GAI is generally a better predictor of success in most circumstances.
Carlos said:
Great post! In fact the test was administered in 2020, I just might have mispelled. Yeah, I was born in Portugal. My mother was portuguese, but my father is english, Brian is english. The arithmetic subtest I administeted him was in fact from WAIS-R, easily found anywhere. His psychologist marked his scores, but I prefered not to see and just asked her mother for the raw scores. I wanted to ser your estimative without knowing his known score
Matthew said:
You said WAIS-IV on this post, but you said WAIS-R here. Which one is it?
Carlos said:
I think you could have used his WISC V matrices scaled score too. He excelled it
pumpkinperson said:
What was his wisc-IV raven score?
Carlos said:
I said on the post that he had the ceiling on WISC V matrix reasoning subtest. It was one of the three subtests from WISC IV he was administered (along with arithmetic and digit span)
Carlos said:
I mean, he had 32 correct on WISC V matrices
pumpkinperson said:
You mentioned that he “excelled” on WISC-IV Matrices but I didn’t realize you meant scored perfect. Anyway raw score 32 is ridiculously high. I will revise this article later today or this evening. I’ll leave a breif note at the top of the article letting people it’s been updated.
Carlos said:
Great! His WISC V arithmetic intrigues me… how can he have perfect score on WAIS IV arithmetic and PATMA and scoring so lower on this one? I couldnt resist the curiosity ans sent him a message some hours ago. He just told me he though the WISC V arithmetic part easy, but got one wrong due to a hearing confusion. He said in one easy question he confused himself and heared twenty nine in place of twenty five, but said the question was very easy. Maybe it really happened, well, those things can happen to anyone, right? He said it wasnt the only problem on this administration of arithmetic. Apparently the first question administered verbally was hard to understand (due to diction) and the examineer had to repeat. He also said it was great that the same didnt happen to the “repeat numbers test” as he called
pumpkinperson said:
His WISC V arithmetic intrigues me… how can he have perfect score on WAIS IV arithmetic and PATMA and scoring so lower on this one?
It makes perfect sense to me. By definition, only one in a 1000 people can score near the one in a 1000 level on any one of these math tests, but scoring that high on all three is much rarer than one in 1000.
Flaminhotcheetos said:
PP what would someone with a verbal IQ approaching 0 and a non-verbal VIQ approaching 200 be like?
Ganzir said:
Autocad
Flaminhotcheetos said:
So autistic people are a fusion of normal people and autocad.
Ganzir said:
No, but mechanical engineers are
Flaminhotcheetos said:
I recall a study which looked correlation between types of IQ and university performance in math-physics vs (mechanical?) engineering students in different courses. I think visuospatial had little correlation in engineering courses outside of autocad stuff. But the study was somewhat limited.
Flaminhotcheetos said:
https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6480791/
women suck as barristers. perry mason had a penis. sad. said:
no. arithmetic doesn’t test it. only a woman would say that.
it’s the ability that a prosecutor or defense attorney has.
the ability to argue, to win a debate, in the sense of really win it.
no woman has this ability for example. it requires a y chromosome.
pumpkinperson said:
no. arithmetic doesn’t test it. only a woman would say that.
I know but we can’t wait all day for you to say it.
it’s the ability that a prosecutor or defense attorney has.
the ability to argue, to win a debate, in the sense of really win it.
Don’t see how the LSAT or any multiple choice test could measure this all that well. WAIS comprehension measures the creativity and judgement to generate valid arguments, WAIS Arith measures the ability to think logically, and WAIS Similarities measures thought organization and articulation. Together these 3 subtests measure court room ability.
dealwithit said:
Is that why some of the top lawyers in the world are women? Lol
name redacted by pp. jan 18, 2021 said:
not according to afro.
dealwithit said:
I don’t remember afro being a sexist but perhaps he did say that. So what?
The philosopher said:
Ahahahaha he wrote a guest article on dominating women!!!
name redacted by pp. jan 18, 2021 said:
[name redacted by pp, jan 18, 2021]
pumpkinperson said:
LIE! She won that debate brilliantly with her double entendre and sassy body language.
Austin Slater said:
which Oprah show are you guys talking about?
pumpkinperson said:
the monkey debate
pumpkinperson said:
peepee is a woman. said:
only a woman, a low IQ woman, would think any argument can be won by double entendre and sassy body language.
sad.
pumpkinperson said:
only a low IQ person would use the word “woman” twice in one sentence.
Austin Slater said:
Sad thing is that she’d probably pown people with facts on their side like Sailer, Enoch, Rushton, Taylor, etc. 75% of people equate winning with the delivering the best own.
Maybe that’s part of the reason why Trump has so much respect for her.
Bruno said:
Mug: « only a woman, a low IQ woman, would think any argument can be won by double entendre and sassy body language. »
PP: « only a low IQ person would use the word “woman” twice in one sentence »
PO, I think it’s a diacope made on purpose.
PS: hope you are all doing well. I check the blog regularly.
pumpkinperson said:
I’m doing fine. I hope you’re doing well too!
The philosopher said:
Bruno you take things very literally. Do you like analytic philosophy? Am I allowed to call him autistic puppy?
pumpkinperson said:
As long as you call yourself autistic too. Two psychologists have independently diagnosed you with it & with the exception of your good use of sarcasm, you fit both criteria:
1)difficulties with social interaction and communication: can’t hold a job, can’t recognize sock puppets that are obvious to everyone else (as Afro has noted). Can’t understand why your comments get moderated. Mischaracterize the political views & motives of other commenters.
2) restricted and repetitive behavior. 90% of your comments are about autism or Jews to the point that the vast majority must be moderated
Bruno said:
Philo, i knew Pumping was sarcastic but as I am an arrogant French, with an Captain Data vibe, I wanted to show off my recent leaning of the word « diacope » (as In : Philo, you Philo, entertain me) .
Thanks to your question I can contrast it with two others words : anaphora (O Philo, the moderated, O Philo, the pariah) and Epizeuxis (Philo Philo Philo pseudo-vigilante blinded & mind controlled by the Jew Jew Jew)
More seriously, yes you are right . I don’t mind the word autistic. And I hope the problems (voices etc) you talked about are getting better and wish you well.
Pumpkin i am doing very well thanks. Even if I love restaurants ans cultural life, I am also happy with a more reclusive moment due to Covid (I didn’t catch yet)
The philosopher said:
It very hard to reply to you pumpkin because there’s a very high chance you’ll moderate me but let me just say that your judgement is horrible and you though trump was also autistic.
pumpkinperson said:
My judgement seems horrible to you because your judgement is horrible.
you though trump was also autistic.
And you thought he was a 5D chess player. Given that he lost the election, incited a riot & became the most impeached President ever, looks like my prediction was closer.
Austin Slater said:
you could say the same thing about the MSM, but things generally pan out for them so I guess they’re just evil.
dealwithit said:
Pumpkin, how smart do you need to be to make millions/billions off the stock market? You should analyze the top traders of all time: Jesse Livermore, George Soros, Paul Tudor Jones, Stanley Druckenmiller etc.
pumpkinperson said:
Good idea for an article
name redacted by pp. jan 18, 2021 said:
livermore lost his fortune the same way he made it and killed himself. druckenmiller was soros’s protege and said he’s not nearly as smart as the recenet graduates he hires. jones was also a soros protege.
better question is: is druckenmiller jewish?
A LOT of it is just luck. but contra the efficient market people not all of it. said:
traders and those who make “millions/billions off the stock market” aren’t the same.
buffett is the richest investements manager ever and he’s not a trader (= speculator).
nowadays speculators have to be math and computer nerds. so jim simons and his people like robert mercer at rentec are better than anyone ever has been.
AND those who make “millions/billions off the stock market” aren’t making it with their own money. at least intitally they’re making so much in performance fees for investing other people’s money.
rudy giuliani said:
if you’re into trading, speculating, and getting rich quick (or losing everything quick), commodity futures are your natural market.
soros and druckenmiller made lots on currency speculation. currencies are also commodities.
people buy gasoline every day. said:
commodity futures are naturally very short term. stocks are very long term.
like 1 day vs 30 years.
and unlike stocks margin on commodity futures is usually 10% or less. for stocks it’s 50% by law.
Evan said:
I’d estimate Livermore’s upper limit at 125. Most of his success was luck, as evidenced by his later inability to replicate his initial wealth.
RaceRealist said:
“reminds me that Arthur Jensen viewed conductors as men of high intelligence.”
“When Shockley addressed a meeting of the Center for Advanced Study in the Behavioral Sciences at Stanford in the late 1960s, one member of the audience drawn to his discourse was Arthur R. Jensen, a psychologist who taught at the University of California–Berkeley. Jensen, who had described himself as a “frustrated symphony conductor,” may have had his own reasons for reverencing Shockley’s The younger psychologist had been forced to abandon a career in music because his own considerable talents in that area nevertheless lacked “soul,” or the emotional intensity needed to succeed in so competitive a profession. He decided on psychology as a second choice, carrying along with him a grudge against those American subcultures perceived as being “more expressive” than the white culture from which he sprang.”
RaceRealist said:
Did you see any proof of this “WAIS-IV” from “January 2021”?
pumpkinperson said:
No but Carlos clarified that it’s from 2020. Btw RR what are your thoughts on intermittent fasting?
RaceRealist said:
IF is great for kcal/hunger control but any claims made that it, in and of itself, is better for weight loss compared to non-IF I think is really wanting. But I am interested in physiological mechanisms like autophagy (basically regulated cell death) even though it may, overall, have no other benefits when all else is equal.
Have you read anything on it recently?
pumpkinperson said:
All my life I heard you should never starve yourself because then your body will act like it’s in a famine and store all the food you eat as fat. And now all of sudden people are saying starving yourself is good for at least brief periods (24 hours?). I like the idea of fasting during the week because it allows you to over-indulging on the weekend guilt-free.
Vegan DHA said:
Many people report improved cognition with IF (though different styles give different results, I assume) but I think there is scientific evidence only in rats. I try to do it (16-8 or even more fasting hours) for that and health, in general. Not that you asked me :p
The philosopher said:
Because rrs judgement on race and intelligence is so horrible I can’t trust his opinion on intermittent fasting. Point of fact I do it quite a lot naturally. Sometimes I don’t eat anything for 24 hours. But that’s because I don’t feel hungry not because I’m trying to gin up my body. You should eat only when hungry and everything should be fine.
Austin Slater said:
pp might find this interesting.
https://www.unz.com/isteve/mlk-day-special-martin-luther-kings-1951-gre-scores/#comment-4415518
pumpkinperson said:
It seems oratory talent is only weakly correlated with IQ.
Rahul said:
Pumpkin, what do most psychologists say about bilinguals being underestimated in verbal iq, controlling for all factors? Is it around 5 points?
pumpkinperson said:
They don’t say anything about it
pumpkinperson said:
The only fair way to test a bilingual’s verbal IQ is to exclude vocabulary & allow him to answer all questions in either or both languages
The philosopher said:
Rahul you fucking retard. Youve asked this same question about bilinguals 50 fucking times already? Is there something wrong with you??
Dexter said:
Autism.
The philosopher said:
Wheres all my comments?
speculation is for pikers. whales invest. said:
so why is jim simons worth about 25% of buffett?
because profitable speculating becomes harder and harder as you have more and more money.
buffett once claimed: “i could make 50% a year…if i had less money [to invest].”
it’s the same reason rentec is smaller than the guido american hedge fund bridgewater.
wiki says:
dalio $138 AUM.
rentec $110. (must’ve branched out to less profitable strategeries.)
buffet > $428 (=berkshire hathaway’s equity)
The philosopher said:
But also buffets been doing it 30 or 40 years longer than simons so basic compounding helps him alot. Buffet is a quant. Read the snowball. He has the mind of a computer.. He has autism but he’s overcome it a lot. He’s one of the few aspies that has common sense.
amortized deferred policy acquisition cost said:
he’s not a “quant” in the usual sense. he never even took calculus.
he’s an investor.
his favorite holding period is…
forever.
but if you can’t read financial statements then you’re hopeless as an investor.
an accountant is NOT a quant.
The philosopher said:
I dont think drickenmiller is a chosen one. He has very right wing views on markets. Almost the opposite to soros. It just goes to show that you can pursue similar trading strategies and have completely different views on macroecon.
The philosopher said:
Peter thiel wanted to set up a libertarian floating g city state. Thiel must have autism to do something like that. But that was before trump. Perhaps his views have evolved.
austin slater said:
musk is a great example of a non-autist who’s made a career out of pandering to autists.
mugabe's false memory? said:
i remembered correctly that jones was a cotton futures trader….
did i confuse him with his older fellow confederate gentile jim rogers?
i do remember that one nyc floor trader turned actuary i knew told me, “all the money is in cotton.” what exchange was that?
the big money is in the most volatile commodity. but these also require the most margin.
guy i knew was a piker trading some obscure stock index futures.
he told me the risk and ulcers weren’t worth it.
but any guy who’s been on a futures floor has lots of what? what’s the word?
i mean it’s a job like airplane pilot. even if you make bubkes, it’s what? what’s the word?
the floor has been computer-ize-d. said:
of course now there are no floor traders.
are there?
gay.
buffett has an autism level obsession but he's NOT a quant. said:
but pill is right that buffett is “autistic”.
if your sole obsession, your monomania, is stocks/public companies…
then you will get rich.
it’s impossible not to.
but buffett might be the only such monomaniac ever.
borg is the capablanca of tennis. said:
that is, buffett wakes up in the morning looking forward to reading annual reports (in addition to the business press).
he likes it.
“skipping to work” he calls it.
buffett is the petrosian of stocks. said:
buffett’s strategerie is so simple non one does it.
but it takes a long time.
buffett might is the petrosian of stocks.
what did buffett say?
rule #1: never lose money.
rule #2: never lose money.
rule #3: refer to rules 1 and 2.
LOADED said:
PP whats up with the compulsive virtue signaling?!?!?
dealwithit said:
2020 was the year of degenerate traders. I know of someone who made tens of millions on TSLA calls.
dealwithit has a jewish husband. said:
also known as enrico ponzi, madoff.
a bubble is a ‘natural’ ponzi scheme. — krugman
King meLo said:
Imagine not taking advantage of Tesla’s runs.
Mugabe is a moron. Why bitch and moan, he could be making money up and down? But no he wants to autistically screech about put spreads and bubbles.
melo tries to predict what everyone else will do. this is satanism. said:
if ups and downs were predictable they wouldn’t be predictable.
melo is a loser.
King meLo said:
People are easy to predict if you aren’t an autist. Guess that means you’re screwed.
“melo is a loser”
What was that? Sorry, I can’t hear you over my all my Tesla calls printing!
still waiting for explanation why melo isn't a billionaire. loser. said:
still waiting.
King meLo said:
Lmao sorry buddy but I’ve been waiting on you for a lot of things.
Let me guess you shorted GameStop too?
Sad!
LOADED said:
Ive come to the conclusion that the more intelligent you are the more psychopathic you have to be. If youre not you will get run over by life like a train.
Greta Rushton de Winfrey said:
“Oprah has big brain”
“Oprah has big brain”
“Oprah has big brain”
The philosopher said:
So I’ve just done 32 attempts at one of the last levels in crash 4 and am now taking a break before I go back to it.This game long ago ceased to be enjoyable.
King meLo said:
Lmfao
Have you played dark souls
The philosopher said:
I played bloodborne which I’m told is very similar and yeah it was hard too.
King meLo said:
If you liked bloodbourne you should play sekiro.
the old video games are still the best. said:
you could play chess, bridge, backgammon, poker online instead.
King meLo said:
But those games are terrible and boring.
if melo could predict ups and downs he'd be a billionaire already. loser. said:
that’s why they’re the most popular and have more written about them than any other games.
loser!
King meLo said:
“that’s why they’re the most popular and have more written about them than any other games.”
That’s false. But I wouldn’t expect a 60 year old virgin to know that.
The philosopher said:
I dont mean buffet is autistic metaphorically idiot. I’m saying he is a literal autistic person. He has eaten the same dinner for 50 years. His wife had an affair with her tennis coach and buffet didn’t realise even after she moved in with him. Biffet as a child used to stare out the window and analyse license plates on cars going by for patterns.
Buffet pursued a quant strategy before computers were common in finance using his brain. He has savant like abilities. But he also seems to have some common sense which is very rare for an autistic person and probably explains why other autistic people didn’t get so wildly successful.
but everyone wants to believe rich people are crazy...so they can feel superior. said:
you don’t know what you mean because you have always used “autistic” in an extended/metaphorical sense.
in the sense used by psychiatrists the autist has a life expectancy of 35 or something ridiculous like that.
but pill is right that buffett’s “autism” is a lot more than his monomania.
pumpkinperson said:
No he uses autistic in a literal sense
peepee knows what her sockpuppets think. said:
then he’s retarded.
pumpkinperson said:
He’s not that bright. There’s a reason he wont disclose his WAIS-IV scores.
The philosopher said:
I use autistic in the extended sense as when being aspergers was considered a condition. Buffet isn’t slapping his head and flapping his arms. He’s much more high functioning than an actual autistic person. I differentiate between low functioning autistics and high functioning ones but the thing that unites autistics are horrible social judgement, repetitive behaviour, sensitivity etc
Flaminhotcheetos said:
I don’t think I’ll be able to make it to even 35.
why are bond and futures masters all gentiles? said:
but why must everyone be categorized?
buffett has a sense of humor. in interviews he sounds like a human, not a robot.
david einhorn and unz are far more aspie than buffett.
but such is the ideological sway of psychiatry that the first “bond king”, bill gross, has supposedly been diagnosed with aspergers.
the second and reigning bond king, gundlach, is…to me he just seems like a really high IQ guy who’s gotten super rich but was from a fairly poor family in buffalo new york.
Lurker said:
Buffet and Gates might be autistic in the sense that their brain probably has that tendency… but their IQ is very high so it doesn’t matter. If your IQ is 150 or whatever grasping normal human interaction will be easy for you even if 90% of your time is focused on graphs or numbers. If you’re 60 IQ and have a schizo-leaning brain reacting to people empathetically will be difficult because you just won’t be on the intellectual wavelength of most people and have the same understanding of a social situation as them.
The philosopher said:
People that mischaracterise buffet as an accountant don’t know anything about buffet. Thats why we invented books so people didn’t have to live in ignorance forever.
pill is a negro. and by "negro" i mean... said:
are you an idiot or a liar?
a “quant” is also called a “rocket scientist” because the ito calculus was first used for missile guidance. and the ito calculus is used to price options.
since then it has come to mean any math or physics major analyst of financial markets data who rarely if ever gets into fundamentals.
buffett is NOT a quant.
The philosopher said:
I dont think you’re familiar with his approach beyond forbes magazine. Buffet doesn’t just read annual reports. He reads industry data, shipping logs, almanacs, inventories and of course security prices. He has a photographic memory and he can do pretty complex math to find patterns in his head. He first did this do find undervalued companies and when he met munger added a more qualitative screen. It depends on what you mean by fundamentals I suppose but he’s basically doing what aqr capital or an average data scientist does.
King meLo said:
So how does that mean he’s autistic? Couldn’t he just be good at math and have passion for investing and business? Why do you Pumpkin try and to break down the world like this despite it not having any explanatory power?
pumpkinperson said:
I agree that autism, at least the mild variety, is of very questionable validity; unlike IQ which is extremely well validated.
dumb people like melo are the reason for the bubble in tesla. said:
melo thinks reading books is boring.
King meLo said:
I enjoy reading books.
Stop pretending to understand me.
margin of safety said:
more lies. i know more about buffett than you do. i’ve read more about him and by him than you have. he doesn’t use computers, he never took calculus. he’s a good bridge player. better than gates. as i say, his strategery is very simple, but enormously time consuming. no one else (by himself) has done it, because it’s so boring.
he is the petrosian of securities analysis but as if petrosian had played correspondence chess.
1. valuate companies which can be valued. lots of them. know everything about every public company.
2. wait. patience. “there’s no such thing as a called strike in investing.”
3. buy when they’re so cheap relative to their intrinsic value that it’s ridiculous.
4. NB, this is buffett’s explanation to himself, what he does. in reality his performance is easily explained by a few factors + CHEAP leverage.
https://www.aqr.com/Insights/Research/Journal-Article/Buffetts-Alpha
for example, lots of cos have negative book value and are fine. said:
buffett’s original hero was ben graham. he worked for him. but graham wasn’t actually a very good investor.
despite the name, graham was a jew. his Intelligent Investor to which buffett penned a postscript on margin of safety puts way too much emphasis on book value. book value is a great metric for financial concerns, but otherwise is pretty meaningless.
quants are like the birds on the back of hippos. they have a (small) function. said:
AQR? hahahaha. what a joke!
buffett’s avg holding period is 5+ years.
NOT a quant!
the hippo is long term/intrinsic value.
the birds are market makers/quants.
quants can only squeeze blood from a stone by effectively being market makers or be taking advantage of morons like melo.
The philosopher said:
You realise Bruno doesn’t mind me saying he’s autistic? Bruno is actually a high functioning autist unlike others here.
The philosopher said:
I have a rule that anything that requires ‘grinding in games should not be done..grinding is basically repeating the same thing again and again. Some people are happy to do it. I now find myself doing it for crash 4. Sad!
King meLo said:
So you don’t like mmos?
Lurk said:
I’m the same way. However, it should be worth noted that sometimes having a lot of familiarity with a little variety mixed in isn’t bad or mind-numbing either. You should be thinking, do I enjoy the grind or do I just enjoy working for the reward at the end? Is that reward worth the grind? Probably not if it’s just unlocking something in a game.
I also avoid MMOs because I have an addicting personality for games, but some MMOs have an amazing amount of variety (or so I hear) so it’s not always clear what’s a grind and what’s not. Same with speedrunning. I’m against it in principle, because it seems mindnumbing and the reward has no connection reality, but approached in a certain manner it might be a fulfilling activity. Concentrating on one level or area leads you to grasp nuances about the games inner workings that you would overlook just playing normally.
50 g of cocaine said:
i recommend peepee do an analysis presidential pardons by ethnicity.
austin slater said:
Trump’s pardons list is the ultimate proof that Kushner et al ran the White House for the last 4 years. Most of the health care fraudsters were democrat donors!
Does Trump even know who machine gun kelly is?
LOADED said:
Two high-profile rappers Kodak Black and Lil Wayne were pardoned by your slave master Donald Trump Mug. How do you feel about this you worthless scoundrel!
The philosopher said:
OK I got the level done ysy
LOADED said:
Being autistic is way worse in terms of worthwhileness than schizophrenia is. Schizophrenics are way more adapted to society as long as they get on the right meds. I dont know why all your readers (with the exception of an intelligent few) glorify autism PP. Its worse than any neuroses imaginable imo.
can't find the video. said:
here’s the nova on LTCM and quants.
https://www.pbs.org/wgbh/nova/transcripts/2704stockmarket.html
LTCM was wrecked by the asian and russian financial crises. said:
this appears to be some kind of bbc adaptation of the original american documentary.
Austin Slater said:
I absolutely suck rocks at chess, backgammon, and bridge, but I’m pretty good at poker. I’m cognitively incapable of filtering out crazy moves from strategic ones.
Because borderline SCZ? If so, sad!
LOADED said:
Youre more likely autistic than schiz. If anything Im at least 10x more schiz than you Austin.
pumpkinperson said:
He’s not autistic at all
LOADED said:
Hahah Pumpkin youre not a psychologist and I dont think you can read people nearly as well as you say you can.
What are your thoughts on Aspergers PP? Thats a more female-brained variant of autism. Maybe most of the blog exhibits that instead of the more masculine-brained variants of autism.
pumpkinperson said:
I think our understanding of these conditions is still in its infancy so a lot of theories don’t make sense. For example Crespi argues that autism & schizophrenia are opposites because the former lacks imagination & the latter has too much. And yet aspergers is a considered a high imagination autism variant. If so, I think aspergers is the perfect diagnosis for Pill because he has classic autistic traits (extreme repetition, impaired social cognition) yet does not display the typical autistic personality and is very imaginative in his his humour, theories and insults.
Greta de Winfrey said:
They are not perfect opposites
relatives
The perfect opposite of autism is psychopathy
The perfect opposite of schizophrenia is the extreme sanity
or
boringness??
SYNDROME
=
COMPLEXITY
pumpkinperson said:
psychopathy is NOT the opposite of autism at all.
Greta de Winfrey said:
Explain
Greta de Winfrey said:
Psychopathy
socially irresponsible behavior
disregarding or violating the rights of others
inability to distinguish between right and wrong
difficulty with showing remorse or empathy
tendency to lie often
manipulating and hurting others
recurring problems with the law
general disregard towards safety and responsibility
https://www.healthline.com/health/psychopath#signs
Yes,
William-Syndrome.
But autists are close.
Greta de Winfrey said:
https://www.verywellhealth.com/top-terrific-traits-of-autistic-people-260321
There are Psychiatric Comorbidities
I mean autistic people without comorbidities
The philosopher said:
Im reading Steve scwharzmanns autobiography and as I had always suggested here, Steve has a lot of power to ‘advise’ presidents, treasury secretaries And the fed chair. Just going through the 2008 crisis chapter now and its very interesting reading. I was up until I got sacked a regulator at the my country’s Central bank so the material is very interesting. Obviously I’m not autistic and knew powerful wall street jews had power but I suppose if you believe Steve its more like a direct line for advising than bullying politicians. Anyway I was shocked to hear he had a row with ram emmanual over healthcare. I thought they were playing for the same flag (just to give you a clue, not the us one).
Another interesting factoid from the book is that Larry summers thinks china’s former vice president zbu rhonji has a 200 iq. Does the communist system do that great a job at selecting leaders??? We know what the Russian one produced anyway…
The philosopher said:
Its hard to prove whether Steve is advising officials or telling officials what to do. I recall David rockefeller saying in an interview that he also ‘advised’ the president to give asylum to Irans Shah after the revolution. Maybe they are advisors. According to the devils chessboard rocketeer was more powerful than most presidents in his prime.
pumpkinperson said:
You keep claiming these people are powerful but you lack the verbal and social IQ to explain what makes them powerful.
the commanding heights said:
rocketeer?
The philosopher said:
Anyway longtime readers of my comments will remember I suggested Steve was a very powerful person so its interesting to read about his life.
My other bete noire Robert Rubin is mentioned now and again by steve. Rubin was steves boss at lehmann brothers when he was a mere banker.
my pillow biter said:
i assumed the my pillow guy was a psychopath.
but he just sounds like a dumb guy who got lucky.
sleep is so important that mere pillows are very important.
https://listen.warroom.org/e/ep-672-pandemic-the-my-pillow-movement-w-mike-j-lindell/
my yuge sleep problem is my nose. one turbinate was reduced because hypertrophied but the other wasn’t. disaster.
and no, i never had a nose job.
i had a white people can’t breathe through their nose job.
danish buffalo said:
i mean my nose is just your avg ridiculous nw european nose which is just cosmetic. it’s useless for breathing.
the ent’s pa told me the deviated septum is a white people problem. the ent told me he wouldn’t do anything cosmetic because my nose was “good for my face”.
this is why surgery is always a last resort. too many complications.
but now i have to spray right nostril with afrin every night in the middle of the night because…
the deviated septum had caused an hypertopied turbinate in the left nostril. the ent had to reduce it once he’d straightened the septum or the left nostril would be permanently obstructed…supposeldy.
but…
the reduction of a turbinate also makes it less “reactive”.
so in general my left nostril is way more open than my right…impossible to sleep when you can only fall asleep on your right side because…
https://thera-smart.com/2020/05/21/glymphatic-system-brain-waste/
Austin Slater said:
I have a big roman nose, too. It’s probably the whitest thing you can have behind blue eyes and blond hair.
could gungadin fall asleep on his back. said:
nothing new.
i’ve only ever been able to fall asleep for hours if lying on my right side.
there’s actually a non-ideosyncrtic reason for this.
everyone should prefer this sleep position fo long un-interrupted sleep.
https://thera-smart.com/2020/05/21/glymphatic-system-brain-waste/
non-24 syndrome said:
peepee says: “just more proof that mugabe is a freak.”
NO!
people commit suicide because “empty nose syndrome”, an iatrogenic condition.
https://en.wikipedia.org/wiki/Empty_nose_syndrome
thankfully that’s not my problem.
but one nostril way open and the other closed…i don’t know why…but it’s impossible to sleep.
maybe the non-24 my brother has and i had before i took (prescription) drugs is related to hd+ or something. i tell my bro he should take drugs and he refuses, “i don’t like pills.”
but then my cousins have non-24 too.
and the symptoms don't fit because way too compressed in time. said:
my cousins…
who are UN-related by blood to my dad’s sister who was supposedly diagnosed with hd.
even though it’s the most common of genetic neurodegerative diseases it’s so f—ing rare that…
1. my gp didn’t believe it.
2. the guy who was supposed to do my dad’s brain told me, “neurological diseases are notorious for…they’re misdiagnosed all the time.”
the widest nose in all of france said:
the point is…
if white people had black people noses…
the black white IQ gap would be at least 30 points.
Cyrano de Bergerac: [close-up reveals his nose to be bigger than ever fabled] Well, for me.. it has not been an easy task, having been cursed with the widest nose in all of France.
https://snltranscripts.jt.org/90/90ncyrano.phtml
Ganzir said:
What in the blue fuck are you babbling about?
quick impersonation of the melo personality said:
i played megabucks and won, therefore i am a genius, and all the people who lost are retarded.
where does melo think the money he supposedly makes on tsla come from?
IT DOESN’T COME FROM TSLA!
LOSER!
King meLo said:
It comes from bag holders and shorters like you.
Seethe lol.
bill gross is a billionaire and so dumb he thinks he has asperger's. said:
if someone doesn’t have symptoms like being shitty at sports or “poor prosody”, his condition isn’t physiologically related to autism or aspergers, conditions which are congenital if not genetic.
melo's supposed gains come from other people's losses. ponzi scheme. said:
buffett has said he supports a 100% tax on capital gains of less than 1 year.
NOT a quant.
melo’s gains would be taxed away entirely.
that is, if capitalism is granted, a given. said:
what is the purpose of the meta-management of public companies by investments managers?
is there one?
there is. it’s a hard job to do correctly, and the hardest job to do well, but compensation is still way too much.
CFAs et al should:
1. have to take exams as hard as actuarial exams.
2. should be paid like the civil engineer who works for the water company.