Sublime
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Substack Essays
Athena RajahBalaji • 2 cards
Dan Chern
@dan_c
Adam Alter
@alterarc
This paradox of comprehension was articulated explicitly by a great physicist of an earlier age: “Sir Isaac Newton, when asked what he thought of the infatuations of the people, answered that he could calculate the motions of erratic bodies, but not the madness of a multitude” (quoted from The Church of England Quarterly Review, 1850).
Jessica C. Flack • Worlds Hidden in Plain Sight: The Evolving Idea of Complexity at the Santa Fe Institute, 1984–2019 (Compass)
Money emerges from uncertainty, capital emerges from money, and uncertainty emerges from capital.
Sacha Meyers • Bitcoin Is Venice: Essays on the Past and Future of Capitalism
Behavioral Finance
Rob Berger • 3 cards
Blockchains are multiplayer.
Chris Dixon • Read Write Own: Building the Next Era of the Internet
Andrew Clay Shafer says, “You are either a learning organization or you are losing to one that is.”
John Willis • Deming's Journey to Profound Knowledge: How Deming Helped Win a War, Altered the Face of Industry, and Holds the Key to Our Future
Second, those who hold return-seeking capital assets but who do not lever up are comparatively disadvantaged if their competitors do.