$81.5bn of Warren Buffet’s $84.5bn net worth came after his 65th birthday. Berkshire Hathaway has owned 400-500 stocks over its lifetime, ~90% of their returns came from 10 stocks.
f everyone becomes a manager of agents—instead of coding yourself, you could essentially supervise five coding agents—how should those agents be priced? One option is as a function of productivity relative to a full-time worker. I doubt we see parity here (if five agents 5x productivity, the company probably won’t be paying five full-time salaries)... See more
I learned that Kelly doesn’t think in outputs. For him, doing is part of learning. “I don’t really pursue a destination,” he said. “I pursue a direction.”
I watch people scroll through lives they're not living, amassing evidence of their own incompleteness. The investment they didn’t make. The startup they didn’t join. The newsletter they didn’t start, the career pivot, the relationship that might have been different. We've turned existence into an infinite ramble of inadequacy, each swipe an... See more