Peter Hagen

The key to spice trade is TINA - There is no alternative - in financial terms. The largest form of investment in Middle Ages had been farmland with average ROI of c.a. 7-8 percent but no guarantee (wars, diseases, crop failure). The ROI of spice trade was 200-300 percent over similar period.

So if you wanted double you capital it was either spice... See more

We send people away for years, tell them exactly what to do every day and they get to make exacrly one choice every day: do you obey or not? That's the only choice you get to make. Then, after 3, 5, 10 years, we send them out into society and tell them, "Make better choices." But we haven't prepared them for that at all. We have given them almost... See more

Altman said there had been “a brutal crunch” all year due to supply shortages of Nvidia’s $40,000-a-piece chips. He said his company had received H100s, and was expecting more soon, adding that “next year looks already like it’s going to be better.”

However, as other players such as Google, Microsoft, AMD and Intel prepare to release rival AI chips,... See more

If you live in the same occidental bubble as me, you might have never heard of WeChat, QQ or VK. Those are immensely popular social networks. In China and Russia. WeChat alone is more or less the size of Instagram in terms of active users. The war in Ukraine also demonstrated that the most popular social network in that part of the world is... See more

Each day a topic is chosen by a member of the walk-n-talk crew. In China, some examples: friendship, the future of art, adventure, failure. In Spain, last year along the Camino, we had a fairly candid and revealing conversation about money and our individual philosophies around money therein.

Platforms only work for creators when you can limit the number of creators on it . The platforms don't care, of course, because they make money of the total revenue, so Facebook wants as many things as possible. But for individual creators, it's not a very good idea.

When the level of abundance gets too high, the solution, as hard as it may sound,... See more

Kohn decided to post a TikTok asking if anyone would like to join her on a walk. Simple. Straightforward. “I thought, ‘Maybe I’ll get coffee with a couple of girls,’” she recalls. “And at the first walk we had over 250 girls show up.”

That first stroll has now morphed into City Girls Who Walk, a New York walking club that has women strutting into... See more

The economics of a platform holder building games for its own hardware are just different, and the end result is that Sony is one of a very small number of companies that can afford to spend these kinds of budgets on development while still sticking to a relatively old-fashioned pay-to-play business model. Neither game features any kind of battle... See more