One, you're surrounding yourself by failing states. You can look at Russia and China and they're surrounded by some of the most dysfunctional places on the planet and you go, "Gee whiz, are they unlucky or they complicit?"
here prices are adjusting in this interesting way that too many macro models don't allow for, right? So, that what what a what's happening is what would be called investment specific technical change where yeah, the price of capital is like falling relative to the price of consumption instead of like the standard doing the standard macro thing of saying there's just output.
Um I think another similarity is I mean, the core notions uh behind Agile and extreme programming are solid and good, but a huge snake oil industry appeared around it, the Agile industrial complex as I like to refer to it. Um and that will happen. That is happening with AI right now, and it's often hard to see the difference between where is the snake oil and where is the real stuff.
so many times that process has been managed by humans because you're selecting the right candidate build and you're verifying it and you're thinking, you know, you're figuring out cherry picks and then you like rebundle and then you send it out and that doesn't scale if you have one or two or a handful of people trying to make group decisions and do group sense making.
I- i- like, we are in a stage where I'm not building the code base to be perfect for me, but I wanna build a code base that is very easy for an agent to navigate.
Abraham Lincoln surrounded himself with his opponents, gradually turning them into admirers and influential advisors. Lincoln’s approach to leadership offers lessons for anyone looking to tap into the wisdom of others, with or without formal authority.
While there is some utility value in DeFi, it basically lets users transform custodial risk into technical risk (e.g. bridge protocol hacks), which is not a free lunch.
Well, it's in line with my overall philosophy. I think competition leads to progress. If you want to create an ideal process for selecting the most qualified people for certain specific tasks you have in mind, what can be better than a competition?
China is surrounded by 15 countries who are mostly hostile to it, right? with no good like mountain ranges or rivers or anything to really separate them. And then they get all their oil, almost all their oil from the Middle East, right in countries that they don't control, don't have strong diplomatic relationships with on fleets of oil tankers that they can't defend because their navy doesn't have the ability to to operate effectively in the Indian Ocean.
I think the thing that most people get wrong after they’ve decided to start a company is work on things they think the market wants. Not being passionate about any idea but thinking, okay, look, this is what will get me venture funding. This is what will get me revenue or customers. That’s what will get me venture funding. If you work from that perspective, I think you’ll give up beyond the point because it’s very hard to work towards something that was not truly important to you.
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