It's funny to me watching renters have a realtor contact to rent and then the realtor asks for a finders fee from the landlord. That could be fine, except every case of this they've been more of a pain to deal with than people who are capable of using listing sites themselves and thus have no fee for showing up.
In the model, intelligence and Polanyi knowledge combine to produce output. Substitutability is fairly limited. For instance, if you have problems of norms in your office, a mere dose of AI-drenched technocratic knowledge does not usually solve those problems. Sometimes it even can make those problems worse, by empowering rent-seekers further. Intelligence and Polanyi knowledge are not quite Leontief complements, but they are mostly complements.
Everyone always asks me like with all this AI is anything still the same? And the answer is so far almost everything is exactly the same. The only weird The only weird new thing is that companies have these giant AI bills.
The The point just being this is so not an exact science. And I always like to show either what a client asks for or what a programmer might have used as a placeholder because I've gotten so many good ideas that way.
increasingly I see America as the place that rewards first principles thinkers and builders; that asks "why not?" instead of telling you why you cannot; that imperfectly supports optimism, reinvention and perseverance in spite of cynicism.
A good book sweeps a corner of your brain. Clears out a stale assumption. Disturbs the ecosystem of old ideas you've been letting accumulate rent-free.
They vote with their clicks. You lose at least half your users every click. Every time you say click here, half people don't click. And you lose 80% when you say download this. At least that's probably 90 or more. 90% or more in the app store.
cuz because we rent GPUs at scale to run the models and we still use middleman by the way. So we're not like going all the way down to the down to the floor. Even for us there are some models the sticker price and the cost to us there's like an 80% margin in there.
by listing out all these jobs to be done, you know, really for the for the community journey and for advertisers as well, it became very clear where we could use agents, where we needed to be very focused in terms of building cross-functional teams around those jobs supported by AI tools.
the economy now asks every creative person to essentially become a small media company, which is a very specific skill set that has nothing to do with why most of us started making things in the first place
It used to be that you have documentation for other people who are going to use your library, but like you shouldn't do that anymore. Like you should have instead of HTML documents for humans, you have markdown documents for agents.
Where housing costs are moderate, friends and family have bigger homes. When they are higher, friends and family don’t have space to share, and this is often what puts a vulnerable person onto the streets.
Investment Philosophies (Wiley, 2nd Ed): This is the best book for this class, and provides background and evidence for each investment philosophy, with a listing of the personal characteristics that you need to make that philosophy work for you.
So, in addition to the Launch on Warning concept, there’s this other insane concept called Sole Presidential Authority. And you might think, in a democracy that’s impossible, right? You can’t just start a war. Well, you can just start a nuclear war if you are the commander in chief, the President of the United States. In fact, you’re the only one who can do that.
Of course, when you talk to an AI that’s made by a big company in the cloud, the AI fundamentally is aligned to them, not to you. And that’s why you have to buy a tiny box. So you make sure the AI stays aligned to you.
If you get a check during a pandemic, you’re not going to go out and spend it at restaurants and bars, because…well, there’s a pandemic. Instead, you’re more likely to stick it in the bank, pay down debt, or pay the back rent that you owe.
Their words now
I had some theory and some evidence on my side for this prediction, and yet I ended up being very wrong about what would happen to consumption.
There is essentially zero correlation - the metros with the largest rent increases had added population / added housing ratios no different than metros with smaller rent increases.
Steven Johnson, Extra Life – Johnson explores the astonishing expansion in life expectancy over the last two hundred years, and asks how we measure it and who – and what – deserves the credit. Wide ranging and a pleasure to read.
This economics thought experiment is a classic book originally written in 1946. Like most books that follow Nassim Taleb's "all books worth reading are at least 20 years old" rule, it has timeless lessons throughout. It tackles all kinds of ongoing political/economic concepts like rent control, minimum wage, tariffs, "saving industries", and more.
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