Sublime
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Howard Marks
Shubham • 1 card
Innumerable ways exist to skim off values from within the financial system. Since brokers get a commission for each transaction, they can maximize their incomes by frequent trading on their accounts (a practice known as ‘churning’) no matter whether the trades add value to the account or not. High turnover on the stock exchange may simply reflect c
... See moreHarvey, David • B005x3sa74 Ebok
if instead we assumed we are randomly selected among the much larger ensemble of observers inhabiting island universes differing both in their cosmological constant and in the size of their galactic seeds, then the predicted value of λ would be a thousand times larger than what we measure.[7]
Thomas Hertog • On the Origin of Time: Stephen Hawking's Final Theory
These are the scales of modern human networks, and it’s Dunbar’s number multiplied by millions. In these large-scale communities, standards and self-governance can’t be maintained by people simply running around and talking to each other. Instead, the builders of these networked products must create features that nudge the interactions in the right
... See moreAndrew Chen • The Cold Start Problem: How to Start and Scale Network Effects
Terry's smile
Charlotte Gilman • Herland
The emergence of humans and other living creatures is best explained as the intended result of an intelligent mind, rather than as the happenstance of an unintended and undirected process.
Richard Holloway • Stories We Tell Ourselves: Making Meaning in a Meaningless Universe
In 1935, while the world shook at a rearmed Germany speeding toward a war of European conquest and total Jewish destruction, one man saw not revulsion, but opportunity—not horror and devastation, but profit and dividends. Thomas Watson and IBM indeed accelerated their breakneck alliance with Nazism.
Clyde W. Ford • Think Black: A Memoir
Charlie Munger
Adrien • 1 card