Balázs Búzás

Write programs that handle text streams, because that is a universal interface.”

—Douglas McIlroy

The cohort of managers leading Japan’s companies today are almost exclusively engineers who have rebuilt their companies during a period of maximum pessimism. If anyone had an excuse for nihilism, it was that group. Yet they somehow managed to lead Japan towards what Jesper rightly calls Capitalism that Works . In the bargain, they formed the... See more

My use of the word “better” implies the existence of universal values. All of these flow from the recognition of the power of human knowledge and the responsibility which directly attaches to that power. And the central value is the process of critical inquiry itself.

Progress and knowledge are inherently linked through critical inquiry: we can only make progress if we are capable of identifying some ideas as better than others. Critical inquiry is by no means linear—new ideas are not always better than old ones. Sometimes we go off in the wrong direction. Still, given enough time, a sorting takes place. For... See more

The history of business throughout the 20th century reads like the history of the conversion of many sectors to that new regime: from media to agriculture, from banking to luxury, every industry ended up complying with the paradigm of mass production (and consumption).

The simple idea of universal simulation is to train models on a far wider variety of data and modalities than we currently do, which may include human-generated data, but also observational data from scientific experiments and raw sensor data, all at the same time, with the goal of predicting an increasingly large percentage of all observations in... See more

Thus, Mr. Munger summarized the fifth principle: investing is like fishing; you must fish where the fish are. He says there are two rules to fishing: the first is to fish where the fish are , and the second rule is to never forget the first rule.

I still think AI, it doesn’t create anything, maybe slightly controversial, but I argue it synthesizes information, it’s really good at processing huge amounts of information, giving it back to you, changing its form, bringing it back. Humans are still the only source of fundamental knowledge creation.