Another month, another rationality quotes thread. The rules are:
- Please post all quotes separately, so that they can be upvoted or downvoted separately. (If they are strongly related, reply to your own comments. If strongly ordered, then go ahead and post them together.)
- Do not quote yourself.
- Do not quote from Less Wrong itself, HPMoR, Eliezer Yudkowsky, or Robin Hanson. If you'd like to revive an old quote from one of those sources, please do so here.
- No more than 5 quotes per person per monthly thread, please.
- Provide sufficient information (URL, title, date, page number, etc.) to enable a reader to find the place where you read the quote, or its original source if available. Do not quote with only a name.
Do you not have savings at all, or did you actually just say you've put no portion of your savings in market-tracking index funds?
Did I actually say? Quote me.
Let me also point out three different things and note that they are different.
Thing one is financial services. They are services -- they provide you with something in exchange for some sort of a fee. For example, providing an index-tracking mutual fund is a service. If you want to use this service, you pay for it and if the service is sufficiently popular, the provider makes a profit. This is not different in principle from buying the services of, say, a gardener or a car mechanic. Of course, some pr... (read more)