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by riphay 2844 days ago
He took one puff of weed on a casual podcast at ~11 p.m. local time. Not certain this is the canary in the coal mine some people are making it out to be... but I guess volatile stocks will find reasons to be volatile?
2 comments

The problem is that most of the people who run the economy and the Government are still from a generation that views cannabis consumption as dangerous, anti-establishment drug use not appropriate for people they consider as "proper". This view has been codified into law by Marijuana ban laws, and as I realized just today, into banning it from being used by anyone with a security clearance.

As far as we've come with legalizing marijuana and shifting societies perception about cannabis, the vestiges of the old order still exist.

You're absolutely right; but I have a hard time believing this depresses stock valuations with so much smart money out there (by ~20% no less!).

Otherwise I think there's a serious market opportunity to be exploited.

This is not smart money fleeing, it is old money.

Why would all of today’s young engineers, who collectively consume marijuana and concentrates by the ton, suddenly take issue with one of their foremost peers partaking in the same activity? It makes more sense that the older investors who are making a bet on this generation’s promising stallion, in their eyes, are seeing what is to them, aberrant behavior. Given how often and well honored the theme of “older generation not progressing with the times” is, seems much more likely especially when thought in the same context as Occam’s Assertion.

AGAIN, smoking weed is not the problem. I don't mind him smoking weed

The problem is that, he said he wouldn't do X because he thinks it decreases productivity, and then goes and does X.

That's the problem

My point was that I don't think there's a ton of productivity to be lost by smoking 1 puff in the middle of the night vs. smoking a whole joint in the middle of the day.

The "X" in this case has too wide of a range of interpretation to jump the gun on hypocrisy.