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I was watching a video (can't recollect source), which was interesting. AI has been classified into tiers, and essentially said Application layer in AI will never make money (unlike the Web in 2000 where App layer made most money). The true value is in lower tiers mostly. (1/2)
The true function of interest rate is, the brake, or governor on economic activity. Interest turns time into cost of production. Time is money. Entrepreneurs who saves on time in production, who brings goods most quickly to market, emerges as the winner in the game of (1/2)
"Power is a zero-sum game. And if we don't have it, then the Left will have it." - Javier Milei
Fantastic Read!
The Chinese took over the Swedish camera company Hasselblad and are putting their engineering chops to work: "The system employs high-precision gyroscopes and accelerometers, detecting movements as fine as 0.001 degrees. Through extensive field research analysing camera shake…
One of the hardest parts of turnarounds is holding onto them as the business transitions from a value multiple (not valuing the future) to a growthier multiple (valuing the future). It’s hard to hold onto a stock that gets a little expensive when 90% of the reason you bought it…
the six day war - somehow thought this was a small affair. Israel fought egypt, syria, jordan, iraq, kuwait, saudi, algeria and tripled its territory in just 6 days! (including capture of gaza strip, east jerusalem, west bank and golan heights). taken from “conflict” (covers…
The Costliest Poor Man in History: Gandhi’s Poverty Was a Luxury Project 🧵 Let’s bust the myth of the "half-naked fakir" that the British loved and Congress industrialized. Truth? Gandhi’s poverty cost the nation a fortune. Read this and weep for real revolutionaries. Repost…
Gold is now a little more favoured among central banks:
"What currency is going to replace the USD as global reserve currency?" Central Banks: "No currency is going to replace the USD, but gold has been replacing USTs as primary reserve asset for 11 yrs. Gold has crushed USTs in that time, but most still refuse to accept reality."
🚨 Here's a thread about ALUMINIUM. Why this commonplace metal is actually pretty extraordinary. How the process of making it is a modern miracle... ... which also teaches you some profound lessons about the trade war being waged by Donald Trump. And why it might be doomed. 🧵
Paranoid selectivity I have a vague idea. He expresses it with such clarity.
NEW: @ElonMusk really has George Soros figured out. "George Soros is a systems hacker. He is a genius arbitrager. He figured out that you could leverage a small amount of money to create a non-profit then lobby politicians to send a ton of money to that non profit so you can…
Stories like these make you realize that in spite of all the negativity, India is making progress. Baby steps but steps at least. deccanherald.com/opinion/a-big-…
One of TSMC's big advantages is its ability to repurpose tools from from node to node migration. The company used to have 70%+ tool commonality in early 2010s and that improved to 85% and then to 95%. N20-N16-N10-N7-N5-N3 - each of those transitions have 95% tool commonality.
There are whole books on psychology that don't get anywhere near this paragraph from Dostoevsky
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