This document explores the performance of emerging versus established managers in the private fund industry, focusing on buyout, venture capital, real estate, and private debt strategies.
Not taking things so seriously too re: advice. Think of all the times you were serious when you could have just been silly with your kids. How great is it when it occurs to you to just start laughing. You always have that choice! And I think it’s a good one to make because you set the mood at home for your kids.
Strategic recommendations for humans navigating an increasingly AI-driven economy, emphasizing the importance of moving up the value chain and focusing on human creativity and unique experiences to maintain economic relevance.
So why quit? Three reasons. First, I’ve felt for a few years now that the startups I’m seeing don’t seem so much like progress as just shopkeeping. This isn’t a dig: there’s money to be made razoring a thin slice off a huge market, and there’s certainly less risk in that than there is building a market from scratch. But it’s just not that... See more
The iPhone didn’t happen in a vacuum. Apple needed to learn to make low-power devices with the iPod; flash memory needed to become viable at an accessible price point; Samsung needed to make a good enough processor; 3G networking needed to be rolled out; the iTunes Music Store needed to provide the foundation for the App... See more
The world of writing has changed forever.
AI is getting really good, really fast. ChatGPT is already a better writer than most humans and some professional writers. So, what’s the future of writing?
18 thoughts from Tyler Cowen:
1) Don't let AI smooth out your... See more