Sublime

To Richard’s way of thinking, the fact that the decision happened to have worked out did not mean it was the right decision; in a funny way, it was alarming that it had worked out, as it created a false sense of confidence in the process that had rendered it. In late September he noted that others sensed this, too. An idea that has gained currency

aim higher.

The trouble is that low rates indiscriminately encourage long-term projects, while the biggest episodes of wealth creation come from building on a single theme.

Most readers are in a state of what consultant Linda Stone calls “continuous partial attention.”

A team of researchers at Stanford University, led by an economist named Raj Chetty, used newly accessible data from the Internal Revenue Service to write a series of papers that addressed questions of opportunity in American life. One, titled “The Fading American Dream,” asked a simple question: How likely is it that an American child will be bette

“Sam, we’re broke,” the prime minister confessed. Sam wasn’t broke. Just then Sam was the opposite of broke. Alameda Research was no longer paying loan shark interest rates to borrow tens of millions of dollars from effective altruists. The new crypto lenders like Celsius and Genesis were willing to hand Alameda Research collectively between $10 bi

“Test-and-learn,” Ibarra told me, “not plan-and-implement.”

This is the age of discretionary income. People are supposed to forgo earnings opportunities in order to lead richer lives.