Sublime

She said much of the finance industry has too narrow a view of its strategy and goals. It often becomes a short-term, almost zero-sum game with many investors focused only on small relative gains won against each other.

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Vilfredo Pareto is said to have noticed that 80 percent of Italy’s land was owned by just 20 percent of its people, and that 80 percent of the peas yielded by his garden came from just 20 percent of his peapods.

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worth literally trillions, which he claimed he could put toward EA-related causes. Who knows what the limits were; he’d even told Ellison there was a 5 percent chance he could become president of the United States. His utility function was “closer to linear,” he explained; the trillionth dollar really was almost as good as the first. Technically

Each company is trying to figure out how to strategize, how much to invest, what the technology should be. In a case like that, it’s not at equilibrium.

fiat currency