Juan Orbea

They combine the love of freedom of team BTC with the moral energy of team NYT and the organization of team CCP, and give us the best benefits of all three (plus a level of international appeal greater than any of the three) and avoid the worst parts.

I use the word arbitrage because we're not talking about different markets in different geographies. We're talking about different markets that exist in different people's minds. If I can fundamentally understand, and believe in, a market more clearly than any other investors then my equation can change in ways that give me an advantage.

Chris Olah has had a fascinating and unconventional career path.

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

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

Eventually, as the negative consequences of the financial crisis played its way out, and say, all the banks disappeared, some kind of new approach (e.g. Google innovating an entirely new way of handling banking) or the emergence of an entirely different regime, would have come into place, and we would have moved forward effectively with no damage... See more

The most direct method for comprehending a world in which not all human beings are homo economicus would therefore appear to involve a return to some version of the older tradition. However, why did the older tradition fail in the first place? After all, it seemed to ask some obvious and important questions. How could these questions simply be... See more

Anybody who has studied the VC industry knows that it works by “power law” returns in which a few key deals return the majority of a fund.