Sublime
An inspiration engine for ideas
I think a select few—a small percentage of the investment managers—can deliver value added. But I don't think brilliance alone is enough to do it. I think that you have to have a little of this discipline of calling your shots and loading up—you want to maximize your chances of becoming one who provides above average real returns for clients... See more
Charlie Munger • A Lesson On Elementary, Worldly Wisdom As It Relates To Investment Management & Business – Charles Munger, USC Business School, 1994
The massive shift to index funds over the past 15 years or so drove the valuations of the largest index components to levels which guarantee poor returns going forward. Poor returns, in turn, will guarantee these inflows will turn to outflows and the virtuous cycle will become a vicious one.” Or as Nassim Taleb says, “We have been fragilizing the
... See moreDaniel Crosby • The Behavioral Investor
Since 2016 I have been exploring this idea and have made many attempts to explain it in different essays. None of these attempts have fully captured it, but I think the idea is so important and so explains certain features of our world that I keep trying again and again. In this piece I want to briefly outline how I arrived at this idea and... See more
Moral Ecosystems: My Big Idea
And if I were forced to boil it down to a single bullet point, it would be this: We need a reliable and simple external structure to think in that compensates for the limitations of our brains.
Sönke Ahrens • How to Take Smart Notes: One Simple Technique to Boost Writing, Learning and Thinking – for Students, Academics and Nonfiction Book Writers
OpenAI CEO Sam Altman | AI for the Next Era
youtube.comParc was "effectively non-profit" because of our agreement with Xerox, which also included the ability to publish our results in public writings (this was a constant battle with Xerox). In the end, all the technologies got out in useful ways. ARPA was non-profit, but had many commercial spin-offs, and this was regarded as "the way things should be"... See more