Back to episode — Episode 3052 CWSA 12/24/25
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not millions. Now I've been seeing a lot of that online. Adam Toussaint's been talking about it, for example. I talk about it a little bit. But the big benefit here is not just that it creates wealth for the children 18 years later, which would be enough. I mean, if that were the only benefit, it would be worth it. But it teaches the kids the importance of money. But it also gives them sort of a…
← Previous segment →ng to work it out on your own? I mean, you're just going to work that out on your own is not really something anybody can do. But if your parents gave you just a little bit of exposure to managing money, such as having a custodial account, you would be less intimidated. And even those things you didn't know how to do, it wouldn't scare you to go figure out how to do them. Does that make sense?
So I've always been a stock investor since my 20s, and I don't believe I would have been except that my father talked about it all the time. He was a very small investor, but we talked about it. And so I always thought, well, if my father's going to do it, it can't be that hard. It can't be that hard if my father could do it. Because honestly he was not really a high capability person. Now later in life I realized that he couldn't do it because he used a stock broker and the stock broker was absolutely ripping him off. Now I didn't know that when I was a kid. It was only later after I was an economics major and I'd learned how the world works. Only then did I learn that he should have been putting his money in index funds. And I'm not talking about the managed index funds. Well, no, they're not managed if they're index. So I'm not talking about a stock fund. I'm talking about index fund where it's just a bag of stocks.
Stop eating. Unfortunately, I can't get rid of this lozenge because I'd have to stop the live stream. But I'm almost done with it. I completely understand if the chewing is completely bothersome and I would recommend that you turn off the sound for maybe one to two minutes and then I'll be done with it. But your comment is well taken. Sorry, I'm just crunching the last of it.
All right. Well, apparently the UK Met Office, Britain's Met Office, has recently discovered that a whole bunch of their temperature thermometer sites were fake news. So here's what they found out about their temperature sites that are all over the UK that are the basis for climate change decisions, right? Or at least some of them. So investigators discovered that over 80% of the temperature monitoring sites are classified as junk with measurement uncertainties of 2 degrees C to 5 degrees C. In other words, some of them don't exist and they're just making up the numbers. Others are in these what they call heat islands too close to concrete stuff and their entire temperature measurement situation was completely fraudulent.
Does that surprise you? How many times have I told you if you believe that humans can measure the temperature of the earth, you must be very young or very inexperienced in the world. If you've lived in a Dilbert world, sort of the Dilbert filter on everything, you should not be surprised that humans cannot measure the temperature of the Earth, no matter how hard they try. It's just something we will never be able to do. It is ridiculous. But we've been told for years, oh yeah, we can totally measure that temperature.
I will even go further and say, as I've said a number of times, this hasn't caught on at all. There's something I say a lot on social media that I wondered if it would ever catch on, but not a single person has agreed with me yet. It
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goes like this. All data that's important is fake. You don't agree with that, right? Because you think well I mean that's a little bit of hyperbole isn't it? All data, really all data that matters is fake. Yep. Now I would limit that to let's say the political economic realm. It's not true that engineering data is all fake. So if you're measuring let's say the reliability of a car or something th…
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