sari

(less useful) the borrower’s willingness to pay,

One thing I didn’t realize until later in life is how the incentives of an industry shape your mood, your outlook, and even your character. In early stage investing, the incentives reward optimists, so it literally pays to keep an optimistic outlook. In journalism, the opposite… Show more

When people express unusual beliefs that are at odds with conventional opinion, like defunding the police or downplaying hard work, or using peculiar vocabulary, often what they are really saying is, “I was educated at a top university” or “I have the means and time to acquire these esoteric ideas.”

Spotify has inserted sponsored songs in listeners’ playlists, and has also discussed charging artists and labels for data about their habits.

If we let everyone decide for themselves how they were best fit to benefit humanity, with no restrictions at all, how could they possibly end up with a distribution of labor more inefficient than the one we already have? This is a powerful argument for human freedom.

Except that structural forces also ensure a homogeneity across newsletters, ensuring that you never read anything too original.