Charles Tugendhat
LightNews LightNews
charlestugendhat.bsky.social
Charles Tugendhat
@charlestugendhat.bsky.social
620 followers 5K following 49 posts
Politics national and local (@libdems.org.uk). Society and environment - equality, sustainability, community, and the data which makes it intelligible
Posts Replies Media Videos
charlestugendhat.bsky.social
Maybe was always true but this, from David Friedman, feels like it is particularly relevant right now
Post from David Friedman: Sources of error. Why, in these cases and others, do people believe things that are not true, that can be shown not to be true by thinking through their internal logic? One reason is that people like to think highly of themselves, hence want to believe they understand things. If their beliefs have little effect on what they do, if false beliefs produce little negative feedback, it is easier to believe simple ideas and never think them through, pleasanter to believe things that support self-image or political commitments.
January 26, 2025 at 1:51 PM
charlestugendhat.bsky.social
To wit
Quote from the Times: “a landlord who gets £10,000 rental income a year but pays £5,000 in maintenance costs and £5,000 on his mortgage will not make a profit”
January 18, 2025 at 2:12 PM
charlestugendhat.bsky.social
Extraordinary claim in @thetimes that a commercial activity which has a 50% margin and allows the owner to repay the financing costs so that end up owning an asset outright, while likely also enjoying capital gains is “not making a profit”
Quote from article in The Times that “a landlord who gets £10,000 rental income in a year but pays £5,000 in maintenance costs and £5,000 on his mortgage will not make a profit”
January 18, 2025 at 1:02 PM
charlestugendhat.bsky.social
If you haven’t already read it, I found this an amazing insight - combining the personal reactions with the statistics to show what was actually happening
September 15, 2024 at 1:46 PM