But the window doesn’t last long. As Paik thinks of it, “each time a new shift occurs, it is analogous to the formation of an unstable radioactive isotope. The radioactivity throws off a huge amount of energy in the form of capturable enterprise value, but is subject to half-life decay. Over time, the isotope decays and eventually becomes lead, at... See more
Simply put, success breeds confidence. The longer this success lasts, the more a leader’s confidence grows.
The tricky part is that this increase in confidence is initially a positive because it is what enables a leader to take risks, expand, and grow. However, if success is sustained for long enough, an increase in confidence can morph from an... See more
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.
I’ve been doing improv comedy for the last twelve years. Over that time I’ve realized there are at least two types of laughter you hear from the audience. One is a response to something clever or smart, like ‘ha ha I see what you did there, very nice.’ It’s a shallow sort of laugh and one that comes mainly from the mind.
The other - my... See more
On laughter
The Loneliness Economy: How can technology help us belong?
When I have a piece of writing in mind, what I have, in fact, is a mental bucket: an attractor for and generator of thought. It’s like a thematic gravity well, a magnet for what would otherwise be a mess of iron filings. I’ll read books differently and listen differently in conversations. In particular I’ll remember everything better; everything... See more
One of John von Neumann's absurdly varied contributions to human knowledge was the idea of a technological singularity, i.e. a point at which advances in technology and economic growth happen at such a fast pace that prediction is impossible. This doesn't mean it's the end of history, and in fact... See more
We modern Israelites have also been worshipping false gods.
Our American idols are prestige, power, social acceptance, popularity, elite opinion, and the Ivy League—but I repeat myself. Our idols are the coveted board seat. The best tables. Relationships with the pretty people.
We put truth on the altar, as if it were a tithable commodity, to remain... See more