And more than half the rise in the top 1% share since 1985 flowed through the pass-through businesses that was a "tax efficiency innovation" feature of the Reagan Revolution.
And I just think AI agents are another such system in the world to which the intentional stance very clearly applies. Um, and you can see them reason out loud in English for now about goals they have um, and sub goals they need to achieve to achieve those goals they have. And in the case of these agents, you can see them, as you said, reasoning about their peers um and helping their peers um and reasoning about whether or not they should sacrifice some of their own goals to help those peers. And it's just like you can't talk about this stuff in a compact and useful way that generates good models without reaching for the language of intention and goals.
In the 70s and 80s, Japanese companies could get cheap plentiful bank loans to develop new products and explore new markets. Today, they can't. Innovation is downstream of finance.
And the type of risk that we are asking investors to take is um, we know the physics works. We know that there's infinite demand and how we go from here to there is technology execution. And guess what? Venture capital in the United States is the best at underwriting tech risk of anywhere in the world.
This is a supersonic engine adapted for ground power generation that can ship without the rest of the airplane, thereby generating the test data, the learnings, the reliability, and also the capital that we need to go big.
Ahamed, the banker and investment manager whose previous book Lords of Finance: The Bankers Who Broke the World covered the crash of 1929, writes well.
After the financial deplatforming of Western proles and foreign elites, of Canadian truckers and 145M Russians, it’s clear that digital finance is a weapon of war.
Know where the money is coming from. Know where you plug into that. And like if you're just asking those questions, you're actually already like steps ahead of all of the other like fledgling perspective mathematicians.
if you're truly ambitious, burn your resume. If you and if you define your ambition in the eyes of your consumer, not your peers, you're not trying to win awards and respect from your peers.
I think it is insanely unfair to the companies the way they're forced to go through this process where the bankers pick the price and pick the shareholders. There's just no need to do that. If you took a freshman computer science student and a freshman finance student and said, you know, imagine how a company should go public. They would match supply and demand anonymously like you would in any auction.
the marketing metrics the finance department has faith in and demands from marketing are not those metrics which are most conducive to building brand and customer value over time. They're the metrics which are most conducive to selling tech solutions to the companies.
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.
This is Russia's war. And it is Russia that should pay. This is why we need to work urgently on a new solution to finance Ukraine's war effort on the basis of the immobilised Russian assets. With the cash balances associated to these Russian assets, we can provide Ukraine with a Reparations Loan.
You you also don't know like in order to make that money back, you have to then operate that plant at that capacity for 20 years, right? And if I was looking at the same charts as they're looking at right now, I'd say what are the odds that in 25 years time we can produce gas turbines at a price that is relevant in a world where solar is already at its current price and batteries at a price where they're already like you cannot win.
I had always thought that all "Intelligent Investing" is "Value Investing". And that true value is always sustainable. In otherh words, "All Intelligent Finance is Sustainable Finance."
You Need a Budget (YNAB) is a simple to use (but sophisticated under the hood) bit of budgeting software that uses the principles of human habits and behavioral finance to make you more conscious and efficient in your spending.
Applied Corporate Finance (Wiley, 4th Ed): This is the book that is most closely tied to this class and represents my views of what should be in a corporate finance class most closely.
A korrent is a belief a person has stated in their own words: one
sentence stating the claim, backed by a quote and a source, kept at
korrents.com.
Under a name here, the quoted block is what they actually said.
The korrent beneath it is the claim those words support, in
korrents' wording — tap it to see the record, its source, and who
else holds it.
Nobody here wrote their own korrents. They are compiled from public
statements, and a person can change their mind, which is recorded too.
About the English under a post
Some people here publish in a language other than English. Where they
do, this site shows a machine translation beneath the post, in
this typeface — the site's own, not theirs.
The post itself is never changed, moved or hidden: what is set in the
serif above is exactly what the person published, and it is what to
quote them on. A translation can be wrong in ways that matter,
especially about tone.
Only the post's own words are translated. A quoted post, a linked
article and a belief on korrents.com
are left in their original language.