This week's Commonplace essay is partly about M. Mitchell Waldrop's Complexity, and partly about the counter-intuitive 'action without prediction' worldview that stems from the book's ideas.
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Can we act without prediction? Yes, we can. We do so anytime we need to make decisions around traffic.
The point of the book is to argue that nearly everything in life is like traffic. And this is a rather bizarre idea, if you think about it.
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Didn’t realise this was public! Read it:
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I just wrote about how important scientists at the SFI were in helping Miller understand technology and internet companies (not a sponsored post!
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neckar.substack.com/p/bill-miller-
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Cracking article, particularly the bit about crypto. This account has been my favourite Twitter find of the year.
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Great write up. So many comments, don't know where to start 😉
Clocked your comments about orgs as complex adaptive systems + Andy Grove/HOM - he appears to have been onto complexity before many others
Here he is discussing 'CUA factor' b4 VUCA coined:
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As for crypto:
“I have no idea what crypto will become, and I will not attempt to guess... I'll simply allocate a percentage of my portfolio to it that is material enough to be significant if it's upside continues, but not so material that it blows me up if it doesn't"
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