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This is true for all information-based industries. Example: universities.https://twitter.com/naval/status/735955980257611778 …
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People buy the house based on the payment they can afford. Don't believe wisdom from those who've only witnessed long term rate declines.
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Constant partisan fighting creates a two-sided narrative that hides the real problem in American politics: the two parties themselves.
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In the beginning of the industrial revolution value was created by mechanics, in the end by businessmen. This will happen with the internet.
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Identifying as a contrarian is dangerous. You risk holding opposing views for their own sake. Better to strive to think independently.
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Your bullishness should equal the difference between your skepticism and market skepticism. No skepticism indicates insufficient reflection.
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"One of history’s few iron laws is that luxuries tend to become necessities and to spawn new obligations." (Sapiens)
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Michael Mayer Retweeted
Money is a formal token of delayed reciprocal altruism. — Richard Dawkins
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The idea that empowerment comes from external sources robs the individual of agency, and is therefore fundamentally disempowering.
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New eras are built just as often by co-opting the structures of previous eras as by subverting them.
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"Please validate that you are human by submitting proof-of-pain."
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The first indication of a real general AI breakthrough will be when online communities get overrun by impossible-to-detect bots.
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If you stress but don't recover, you break down. If you recover without stress you languish.
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Stress, recover, repeat.
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Chess is a poor metaphor for life. In reality, your tempo and your adversary's are never the same.
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Aging is a blessing. The more time passes from the start of a race, the less the head-start others got matters.
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Good counterpoint that proves my point. Under this definition, all assets with no dividends are bubbles. Not a useful framework.https://twitter.com/deabrunner/status/868133712541741060 …
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Bubble: when financial value rises above intrinsic value. Crypto assets (for now) are purely financial value. Bubble is wrong framework.
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People manage their diets through subtraction (ex: low carb) but try to manage their informational diets through addition.
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Not every steep increase is followed by a crash. Not every crash is followed by a recovery.
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There aren't actually spaces between spoken words. Your brain inserts them.
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