>>> More recently, the steep rise in demand for goods during the Covid era has meant that ships that once travelled at partial capacity now set off fully loaded and crews are pressured to adhere to strict timetables, even if doing so requires ignoring problems on board or sailing through storms instead of around them
Insurers could change this by refusing to insure under certain conditions but they've also concluded that it makes better financial sense to let the situation continue as it is now.
I've come to the conclusion that if something that seems crazy continues to happen then the primary culprit is money. Not always, but it's up there.
Misaligned incentives exist all around us.
Until then, it’s the same price.
The primary reason is efficiency. Sometimes taking risks is more efficient. Efficiency may translate into money, but you are describing something as a vice, when it's not..
There are always some needs that can't be addressed by money, but it sure goes a long way.
I agree, but I’d get more specific; the primary culprit is usually over abstraction and misallocation due to bad assumptions about value.
When used appropriately, money is a fantastic way to signal relative need and allocate resources in a decentralized way, and is one of the most powerful and sophisticated technologies we have.
When money is artificially easy to come by and leveraging is artificially low risk, that decreases price signal quality and leads to increasing levels of insanity.
How do you allocate your portfolio?
I took a chance on crypto in 2019 that worked well, but that wasn’t a huge bet.
I’m currently spinning up my own business, which I consider my main pie in the sky active investment. Depending on how that goes I might shift to more active investing later in life (am 30, single currently, and feel like the best path for active investment and hunting for real value right now is something I steer myself).
I really wish this was more widely known. People really love to think "I know exactly what would solve every problem" while over abstracting and making bad assumptions about value all the time