At some point in the 90s Coca Cola was 40% of BH’s portfolio, and they made a 13x on the investment during the next decade

You might imagine that roughly around the time when TARP and the various bail-out decisions were being made, that it could have gone either way, and that we could have, for example, allowed the too-big-to-fail entities to fail, and that it would have had negative consequences at the financial layer, negative consequences probably at the economic le... See more

Pacing yourself becomes the central challenge of a sustained, successful career: increasingly senior roles require that you accomplish more and more, and do it in less and less time. The ledge between these two constraints gets narrower the further you go, but it remains walkable if you take a deliberate approach.

A corporation is not a root: if there is a dispute inside a corporation, it ultimately gets resolved by a national court system. Blockchains and network states, on the other hand, are trying to be new roots. 

And all three teams are waaay too nationalist: they view things from the perspective of their own country, and ignore or exploit everyone else. Even when the teams are internationalist in theory, their specific ways of interpreting their values make them unpalatable outside of a small part of the world.

Team CCP can build, but they are building a dystopian surveillance state that much of the world would not want to live in. 

These examples seem haphazard, and indeed, to some extent they are so intentionally: the goal is first and foremost to shock the reader out of their existing world model so they can start downloading Balaji's own.

The next generation of nuclear fission reactors will shed the inefficiencies that have plagued the previous generations of light water reactors. One unifying characteristic of many Generation IV reactors is that many are small, modular reactors (SMRs). Unlike traditional large, fixed nuclear power plants, SMRs are small, manufactured off-site, and ... See more

Using blockchain or smart contracts in some superficial way is not enough for an organization to be considered a DAO. For organizations that use smart contracts but aren’t DAOs, Gabriel prefers the term Cybernetically enhanced organizations.