Juan Orbea

I think there are always circumstances that are involved too. And oftentimes with decision making, the circumstances, the soil in which decisions are made is a really critical and overlooked factor.

Performance Metrics

Total Value to Paid-In Capital (TVPI)

TVPI is a measure of both the realized and unrealized value of a fund as a proportion of the total paid-in, or contributed, capital. It is calculated by (total value) / (paid-in capital) where total value is (distributions + net asset value). A TVPI over 1.00x means an investment’s value

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But the lure of the current hill is strong. He ends up falling for a common trap highlighted by behavioral economists: people tend to systematically overvalue near term over long term rewards . This effect seems to be even stronger in more ambitious people.

Given that a purist "private property rights only" libertarianism inevitably runs into large problems like its inability to fund public goods, any successful pro-freedom program in the 21st century has to be a hybrid containing at least one Big Compromise Idea that solves at least 80% of the problems, so that independent individual initiative can... See more

Author George Gilder discusses his conception of knowledge, power, and the economy, as described in his latest book, Knowledge and Power: The Information Theory of Capitalism and How it is Revolutionizing our World.

How to Use Your Brain Scan

The U.S. government is pushing hard to fund the development of fourth-generation SMRs and microreactors. The Department of Energy’s (DOE) Advanced Reactor Demonstration Program (ARDP) has allocated billions of dollars to startups, including $1.2 billion to X-Energy and $2 billion to TerraPower. Similarly, the Pentagon recently selected BWXT to... See more

For example, Twitter Inc. is centralized (it has a board of directors as its ultimate decision-making authority) and relatively non-autonomous (it exists to generate profits for the benefit of its stockholders). The Ethereum Foundation, like Twitter Inc., is centralized (it has a board of directors or similar governing body), but, unlike Twitter... See more