Juan Orbea
@juanorbea
A node in a network
Juan Orbea
"An investment philosophy on ‘complexity investing’ from NZS Capital"
Investment philosophy on "complexity investing" from NZS Capital, emphasizing the need to embrace extreme events, balance resilience and optionality, and focus on quality, growth, and understanding change in portfolio construction.
static1.squarespace.comNZS Capital poses that the economy and the stock market are best studied as complex adaptive systems akin to biology. They emphasize investing in companies that are adaptable, long-term focused, innovative, possess long-duration growth, and maximize non-zero-sum outcomes. The approach involves fewer, larger positions in companies highly adaptive to disruption, high levels of quality, growth, and context, and smaller positions in companies with a wide range of potential outcomes.
First describing the triangular structure of desire -- object, model, and subject -- Girard tells how conflicts are resolved and why human society is not marked by total conflict all the time.
René Girard • Insights with Rene Girard
Mimetic Desire and
Also, their discipline of walking away from insurance business when it was badly priced was key to their success.
Business Breakdowns • Berkshire Hathaway: The Incomparable Compounder - [Business Breakdowns, EP. 63]
Consider how many of our thoughts and thinking are directed toward our body and its survival, security, nutrition, and image, not to mention affection, sexuality, and reproduction. Many, if not most, of the goals we attempt to advance using our brains have to do with our bodies: protecting them, providing them with fuel, making them attractive,... See more
Ray Kurzweil • The Law of Accelerating Returns « the Kurzweil Library + collections
The momentum for nuclear power goes beyond what’s happening in Ukraine.
Bessemer Venture Partners • Investing in a world powered by nuclear fission
Put simply, humanity might last for an incredibly long time. The lifespans of other species suggest there might be hundreds of thousands of years ahead of us, and the Earth will remain habitable for hundreds of millions of years. If human history were a novel, we may still be living on its very first page.
An Introduction to Longtermism
We also cover some of Chris’ personal passions over the years, including his attempts to reduce what he calls ‘research debt’ by starting a new academic journal called Distill, focused just on explaining existing results unusually clearly.
Robert Wiblin • Chris Olah on working at top AI labs without an undergrad degree
Do you relate to the other students naturally? Will they relate to you? Do the students represent the type of aspirations, lifestyle, and interests you want for yourself? There’s no point in joining a network where you won’t actually bond with the other nodes, no matter how prestigious that network is.