Korean AI Stock Market Crash, AI Intelligence, NFL Brains, New Amex Delta Offers

Another TBB post featuring the most eclectic links around the web such as the Korean AI stock market crash, AI Intelligence, NFL brains, New Amex Delta offers, RIP Dolly Parton, cost to retire comfortably around the world,  Library of Leaks, Americans’ wanderlust, busiest airlines by flights, only the best photography and Thailand links and of course always all of the most important developments in the crazy world of frequent flyer miles and points at the lower half of the post. And much more. Enjoy the weekend.

 

Blog Mission: To Educate. Entertain. Inspire. In That Order!

Support TBB by applying for Credit Cards or Buy Me a Coffee or click on Links

No clickbait. No ads. No algorithms. No sponsors. No AI. No paywalls.

 

This blog started way back in 2012 focusing on my crazy hobby addiction of traveling with frequent flyer miles, hotel and bank points. It has since evolved to curated posts featuring the best web content along with my commentary.

 

BLOG HOUSEKEEPING

This is truly a one man labor of love operation, enjoy it while it lasts.

 

QUOTE OF THE WEEK

 

“The only true wisdom is in knowing you know nothing.”  –  Socrates

 

MUST READ GEMS 

Best read this week, short and to the point:

The Art of Blowing Up

Don’t blow it!

Update: I think we were all sad to hear about Dolly passing away and I want to take a moment to honor her here with this well deserved tribute:

Here’s to Dolly: Union Member, Vaccine Hero, Literacy Giant, Staunch Gay Ally

 

PERSONAL FINANCE

In case you may not have heard: Stock-Picking Funds Are Performing As Poorly As Ever.

We are back with more about the insane rise and fall of South Korea’s stock market: The World’s Craziest Stock Market Has Turned Into a Fright Ride. Don’t be like the people quoted below. Easier said than done when greedy euphoria captures your brain though (bold font added for emphasis):

Yoon Kyung-min, a 44-year-old sound engineer, said he still can’t believe the financial disaster of the past two months. After quitting his job, he had invested half of his severance pay into semiconductor stocks and saw $7,200 evaporate in a week. “If my wife finds out, I will be in serious trouble,” said Yoon, who says he confessed only to a bit of bad luck without giving details. Yoon thought the market “would rise forever,” he said. [Rise forever…oookay bro]

He invested $29,000 or so into a leveraged ETF tracking the firm. The added leverage meant that if SK Hynix’s stock fell, Cheong’s losses would be compounded. Then came the crash. As of Friday, his position has fallen 69% to roughly $9,000. “My hard rule used to be that when too many people seem to be boasting about their stock gains, we’ve probably hit the peak,” Cheong said. “But FOMO got the better of me.” [Stop using leverage for Pete’s sake! Will somebody tell me who is this Pete?]

 

To learn more, in video form, this YouTube video is great: The Hidden Force Behind South Korea’s AI Stock Market Crash.

 

Interesting visual about a hot topic lately in my financial planning firm. And my own life too! The Cost to Retire Comfortably Around the World. Another one of those lists that will inflame the comments section and lead to sky high page views and, therefore, ad revenue. Oh wait, what ads?

Map showing the cost for an American to retire comfortably around the world.

 

AI/TECH

Kevin Kelley on AI and specifically: Without a theory of intelligence. He makes some points that will really make you think. Of course we shall see what happens eventually as time always tells. But interesting stuff looking out into the future and pondering…

But a secondary revolution will come from using AI as a microscope: we will use it to see our own minds. AI will be a cyclotron that lets us inspect the mysterious particles of cognition swirling in human brains — bits that are completely invisible to us now. With this cyclotron we will be able to dissect thinking, take intelligence apart to see its components. We will be able to run endless experiments on whole and partial minds, experiments we can’t and won’t run on ourselves…Future generations will find it hard to see the real world without views of all the possible minds operating upon it, each seeing the world in a slightly different way. A world without the tools of AIs will be unthinkable.

Yeah but when will our own AI Agents fetch us a sandwich, ha?

Everyone can be amazing online. Always do your due diligence. If you spent more time researching how to travel to a destination compared to picking a financial advisor, you should blame no one else if that “advisor” is one of them ok? A Breakdown of the Financial Advice That’s Flying All Over TikTok. Many examples in the article but the most cringe-y was this one below, yikes!

She teases much of her advice on TikTok, but most of it comes with a cost. Bowen, 29, has a business built on teaching interested followers to create content, monetize social-media accounts, and about how to invest. She tells her viewers to put their money into artificial-intelligence and tech companies and start making passive income, like she’s done by selling the lessons she has created online.

 

SCAMS/CRYPTO

In my last post I featured an article that is shaking the wealth management industry. And it clearly showed how discredited all these “10 Best Advisor” type lists really are because they are just all marketing. And it took a $6 Million “gift” to the main Chief Content Officer of Forbes from the research company that puts together one of the biggest of these advisor award lists. Anyway, the fall out is expanding and I must admit I am reading the developments thinking “it was about phucking time this marketing crap unraveled”. In the meantime, you know it is bad…when both Morgan Stanley and Wells Fargo withdrew from these lists both used for splashy marketing. Anyway, if you are interested in the follow up, I am sure there will be more: Wells Fargo follows Morgan Stanley out the door, prompting Forbes and Shook to freeze all 2026 advisor rankings amid fallout from $6-million editor payout.

 

 

Similar Posts

6 Comments

  1. Kromo property looks intriguing and has been popping up on my Insta so will be waiting to hear your thoughts.

    Nepal flooding looks horrendous. How do they recover given the limitations on the financial situation of the country and lack of equipment on site to even look for the missing? Very sad situation.

  2. Silver! For the Pacific North West! Heh! Just a flashback to the old days. Lots of good stuff here and I am glad you are on “Staycation” or whatever and I know you will enjoy it. Hope all the flights were smooth and without problems. Thanks for the interesting links, as always, this is the best collection of reading I get in the e-mail all week!

    Have a good time!! I am trying hard to plan travel but keep coming up with new Doctor appointments and stuff. I think I will just have to pick a time and go and be unavailable here and the hell with it.

    Oh! And I am looking into Popcorn Mobile, a new-ish phone/cell service that says it can have you use your regular phone number basically worldwide. If anyone knows about this or has experience with it, I’d love to know if they like it.

    Enjoy!

  3. NickPFD is right!

    I hope you’re having a great time on your trip. And thanks for the wonderful links. Good to see the self-interest of investment experts laid bare.

    Detroit is one of the great Delta hubs. I can understand why Delta would be attractive
    for those in Detroit area.

  4. Hey Buzz,
    Thanks as always for the great links. Have a great time overseas, I’m looking forward to hearing more about your trip later, especially regarding medical and expat views.
    I’m with Nick and DML.
    However I am a little concerned regarding the toilet paper tariff war.
    Carl, I’m definitely interested in hearing about Popcorn, thank you.

    1. When I learn more about it I’ll pass it along. So far from what I can find on line it is pretty well liked. To me the advantage is being able to use it with my regular phone number from Italy or elsewhere in Europe for 2FA and needed phone calls.

Leave a Reply

Your email address will not be published. Required fields are marked *