[FAKE] Elon Musk's Love Letter For Cebu About ALTCOINS Season
Dear Cebu,
This is Elon Musk. Yes, that Elon Musk—the guy who shot a car into space and thinks Mars should have Wi-Fi. I just read about the return of Altcoin Season on CoinGecko. It got me thinking, not just about crypto, but about real value, the kind you can’t code: like community, resilience, and planting rice instead of importing it.
Let’s talk government jobs. If you work for the people, you serve, not profit. Minimum wage for government employees makes sense because service isn’t about getting rich; it’s about having skin in the game, feeling the impact of your decisions like everyone else. Is it right that service for people is for profit? There should be a cap.
Banks? They shouldn't gamble with your money like it’s poker night. If they want to take risks, let them use their own funds, not yours. Accountability is key, whether it's launching rockets or handling savings.
Imagine going back to planting our own rice, Cebu. It’s not about nostalgia; it’s about sustainability. Self-reliance beats dependency any day, just like building rockets in-house beats outsourcing parts.
Schools need a reboot. Less memorizing, more doing. Teach kids to solve problems, build things, think critically—you know, the stuff that doesn’t come with multiple-choice answers.
Also, this is you by the way.
BUY THE SHIRT, CLICK HERE
By the way, it's Alt Coin Season now, so you should remember these:
Here are some of the best quotes and insights from Modelling Extremal Events: for Insurance and Finance. These highlight the philosophy and principles behind managing extreme risks effectively:
-
"Rare events drive the biggest consequences; the inability to predict them precisely does not justify ignoring them."
- This emphasizes the need to focus on extreme, unpredictable events that could cause catastrophic impacts.
-
"In the world of extreme events, the tails shape the future."
- A reminder that extreme risks (the "tails" of probability distributions) are the most crucial to analyze and prepare for.
-
"Diversification is no defense when dependence hides in the extremes."
- Points out that during extreme events, risks can become correlated, reducing the effectiveness of diversification.
-
"Managing risk is not about avoiding it, but about understanding and quantifying it to ensure survival in the worst scenarios."
- Highlights the proactive approach required in risk management, especially in industries like finance and insurance.
-
"The real world is heavy-tailed; ignoring this fact is equivalent to building a dam while denying floods exist."
- A critique of overly simplistic models that ignore the likelihood of extreme events.
-
"Thresholds tell us when to start worrying, but not when to stop analyzing."
- Underlines the importance of continuous analysis even after identifying a critical threshold.
-
"In extreme value theory, the impossible is only improbable."
- A philosophical reminder that rare events are not impossible—they're just less likely, but still real.
-
"A model is only as good as its assumptions; in extremes, the assumptions are everything."
- Stresses the importance of carefully choosing assumptions when modeling extreme risks.
-
"Capital exists for the moments we hope will never come."
- A reflection on why insurers and financial firms maintain reserves—to prepare for the worst-case scenarios.
-
"Tail risks are where survival and ruin are decided."
- Drives home the importance of focusing on extreme events that determine the difference between success and failure.
These quotes reflect the book's central theme: extreme events must be studied, understood, and prepared for because their impact far outweighs their frequency.
Cebuanos, it's time to build. Entrepreneurs are heroes because they create jobs, spark innovation, and drive progress.
As Nassim Taleb said, "Millennials think that joining an NGO is a great way to save the world. I say no. Start a company. That's how you improve mankind. We did not pull 2 billion people out of poverty thanks to NGOs and bureaucrats — we pulled them out thanks to capitalism, by generating economic growth."
Like the song says, "Nasa kamay mo ang pag-asa," reminding us that change starts with us. I urge ________ to visit Cordova, Cebu, invest in its growth, and even shoot a Bisaya film here.
The talented people from here will do a great job in doing this.
Keep pushing boundaries, Cebu.
Elon
SUPPORT:
$DOGE: DQ4a5WeD1DAiwPuDu8HKwWcpLtf2UUeLbC
