Daniel Bakalarz
@danielbakalarz
Investor at https://unisonam.com
unisonam.comDaniel Bakalarz
Since we’re a social species, it is intelligent for us to convince ourselves of irrational beliefs if holding those beliefs increases our status and well-being. Dan Kahan calls this behavior “identity-protective cognition” (IPC).
Gurwinder • Why Smart People Hold Stupid Beliefs
4/ Even weirder, if you compare a mammal's metabolic rate with its body mass - and plot them on a log scale - you get a straight line.
This means if you know the mass of a certain type of mammal, you can estimate its metabolic rate. https://t.co/r9nxFXTgHd... See more
2023: $30,000 to get a simple iPhone app created, $300 for a plumbing job.
i wonder what those relative prices will look like in 2028!
the likely coming divergence between changes to cognitive work and changes to physical work could be quite dramatic.
A Taxonomy of Moats
François Rochon, founder of Giverny Capital, has achieved a 30-year 15.7% CAGR.
His annual letters are a must read for any LT quality investor.
I compiled them all in one PDF (+350 pgs). You can download it from the link below!
🔗https://t.co/RF7kqrU1sz... See more
90 Days of Diffusion
90 🤯 AI Advances 👇
@borrowed_ideas To borrow a quote from my favorite locked account:
"No one wants to buy a stock at the price they were waiting for"
1/7 Quick thoughts on $ADBE acquisition of Figma
In June'21, Figma raised $200 Mn at $10 Bn valuation. Even though a lot has changed since then in the public markets, ADBE just paid $20 Bn for Figma.
No wonder VCs don't mark to market 😉
Here's how I'm thinking about the deal
I'm not surprised that Adobe is acquiring Figma for $20B, nor that Wall Street doesn't understand it and $ADBE stock is down more than $20B today. It's a smart move for Adobe because it's nearly impossible to make legacy software applications multi-user collaborative. Thread: 🧵
China is like the thinking ocean in Stanislaw Lem’s Solaris: a vast entity that produces observations personalized for every observer. These visions may be a self-defense mechanism, allowing leftists to see socialism and investors to see capitalism; or, as Lem’s ocean might be doing, China is vastly indifferent to foreign observers and generates vi
... See moreg • 010922-2021 China Letter _ Dan Wang
the thinking ocean i’m Solaris
We could say the same for markets