Sublime
An inspiration engine for ideas
1981 memo on hiring from Bear Sterns
Sought ppl with a degree in PSD - poor, smart and a deep desire to get rich
Warns agst MBAs
Co died 37 years later
Prob started hiring MBAs https://t.co/uUhFgac9Yp
The best report Benjamin Graham ever wrote?
How to handle your money.
I am sharing this 7-page masterpiece with you today: https://t.co/wUdxOsSgqU
Jim Simons didn't want finance majors at Ren Tech. He believed they brought bias, not breakthroughs. Instead, he built his team with PhD’s in physics, math, and computer science.
The result? A hedge fund with 39% average annual returns and one of the best track records in history.
ₕₐₘₚₜₒₙ — e/accx.com
Fundamental Equity Analysis: A Primer
https://t.co/xz4Qu4TLGb https://t.co/uWqt0bzFk0
A stunning essay in the FT on the international decline in the ability to read, reason, focus, and learn new things.
It began or accelerated in the early 2010s.
It's hitting teens AND adults.
Self-report and objective scores.
by @jburnmurdoch... See more
Low resting heart rate (bpm < 70) is the best physiological predictor of violent/antisocial behavior.
In a remarkable longitudinal study of over 700,000 men, those with the lowest RHR:
-were the most likely to commit both violent and non-violent crime
-had a 31% increased risk of getting into a car crash
-were 41% more likely to be injured as a result of assault
-demonstrated an earlier onset of criminality than those with a RHR > 82 bpm
When adjusted for confounders (ex: socioeconomic status, physical activity), the relationships between low RHR and antisocial behavior became even stronger.
An ex-Google software engineer was just charged with stealing AI trade secrets from the company and secretly working with two China-based AI startups.
The leaker, Linwei Ding, now faces up to 10 years in prison.
This story is intense:... See more