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 moreTo me, the ideal life is to take the 20 percent of my time that make me feel most alive and see if I can cut everything else out until that fills everything. Then do that again, cutting the “worst” 80 percent of the best. This is the inverse of how many companies operate. There the ideal is often “growth,” which they take to mean “say yes to all
... See more“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.”
“MIT robotics pioneer Rodney Brooks pointed out in a recent TechCrunch interview that AI has to deal with much tougher problems than most technology, and it won’t necessarily grow in the same rapid way as, say, chips under Moore’s law have.”
Jim Simons: "I’m not an extremely fast thinker myself; I just work hard."
That was all I needed to do—work hard, not fast. A paper I published in '68 took me five years. But it has had 1,850 citations. For a math paper, that’s an awful lot.
There’s too much emphasis on a person’s being able to answer questions quickly."
“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
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