Beverley
@beverley
I am a Technology Entrepreneur quietly building humble but handy Internet businesses.
Beverley
@beverley
I am a Technology Entrepreneur quietly building humble but handy Internet businesses.
The more reliant a task is on a large and private dataset, the more likely it is that a workflow application will be dominant instead of a model. The best software companies function as a system of record, a repository for the most important data (customer IDs, product analytics, or credit card numbers), and they’ll be able to offer superior
... See moreYou cannot fear something that you do not know. Nobody is afraid of the unknown. What you really fear is the loss of the known. That’s what you fear.
“I think income is a lot more important than wealth. It’s also because from a policy perspective, dealing with income is a lot easier than dealing with wealth. But the biggest reason is that I think that wealth is a lot harder for regular people to understand than income.
In general, regular people’s intuitive “folk” understanding of income is pretty close to the way economists think about it. Every month you get a certain number of dollars, and you can spend those dollars on stuff you want — pizza, haircuts, medical care, rent, treats for your pet rabbit, etc. The number of dollars you get represents the value of the stuff you can buy.
That’s pretty much exactly how GDP works at the level of the whole economy — GDP is the total value of the stuff that gets produced in the economy, and it’s theoretically exactly equal to the total income that everyone earns for producing that stuff. So income for a whole economy works pretty much the same as it works for an individual.
Wealth is different, for a number of reasons. For one thing, unlike income, wealth can be negative. This means that a lot of personal wealth isn’t actually the world’s wealth.”
There will always be too much to do – and this realisation is liberating. Today more than ever, there’s just no reason to assume any fit between the demands on your time – all the things you would like to do, or feel you ought to do – and the amount of time available. Thanks to capitalism, technology and human ambition, these demands keep
... See moreThe world has always rewarded those with contrarian patterns of living. Being different from the system is painful and awkward sometimes, but it allows an individual a richer life (literally and figuratively). The more addictive our technology becomes, the more lemminglike our world will become, and therefore, the more richly rewarded the few
... See more“The TL;DR is there’s a huge ship with a broken engine, but none of the engineers know how to fix it. That is, until they bring in an older, more experienced engineer, who figures out the problem immediately. But when this more experienced engineer bills them for $10,000, the other engineers think they’re being ripped off - after all, he only
... See more