Peter Hagen

“There was a long period of time where the right thing for [Isaac] Newton to do was to read more math textbooks, and talk to professors and practice problems ... that’s what our current models do,” said Altman, using an example a colleague had previously used.

But he added that Newton was never going to invent calculus by simply reading about... See more

There’s a concept in ecology of ‘niche creation.’ And the idea is: it’s not the case that a species will sort of come along and go, ‘oh, I could do well here, there’s lots of food,’ and things like that. A species comes along and just does his thing, and by acting in the world, he sort of creates the very environment he needs to survive.

It was when

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If you look closely, all these problems fundamentally come from:

1. Decreased skin in the game, which reduces team alignment


2. N^2 communication, which creates need for managers and specialization, which reduces individual agency and breadth of learning


3. Reduced risk tolerance, which slows everything down

#1 and #2 are inevitable results of having more... See more

No matter how many people come over for dinner, you’re only going to be able to engage with a few.

And no matter how big the crowd in the arena, the musicians can only see the faces of a few hundred.

An investor can only be engaged and smart about a very small number of companies.

And it doesn’t matter how many students are in the class, the teacher

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Adriene, who is just one person, is beating the largest Yoga Magazine in the US on every single metric. She is more popular, she has a much better model, and she can charge 10 times the price. Unlike traditional publishers, she doesn't have a problem attracting young people to her channel.

So, if Yoga Journal came to me to ask: "Hey Thomas, we have... See more

On its surface, the iPhone didn’t have totally new killer apps when it launched. It had a mail client, a music player, a web browser, YouTube, etc. The multitouch paradigm didn’t substantively transform what you could do with those apps; it was important because it made those apps possible on the tiny display. The first iPhone was important not... See more

Stop trying to make social networks succeed, stop dreaming of a universal network. Instead, invest in your own communities. Help them make long-term, custom and sustainable solutions. Try to achieve small and local successes instead of pursuing an imaginary universal one. It will make you happier.

It will make all of us happier.

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