[State Cold Violence] In "The Sovereign Individual," the author proposes the core concept of "diminishing returns to violence" to explain the diminishing incentives for the state, a violent apparatus, to wage violent wars or control individuals in the information age. As productivity becomes increasingly dematerialized and degeographical, wealth exists primarily in the form of information and knowledge, making it difficult to seize this wealth through traditional violent means. So, violence exploits your wealth through new methods, such as threatening you to buy gold or sell your stocks during market fluctuations. I call this state PUA, "state cold violence." As investors, we shouldn't be wary of hot violence; its destructive power actually yields very low returns. This is why I rarely invest in military stocks. Cold violence is different. It could have allowed Yellen to sail a yacht at 19.