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  1. Pinned Tweet
    9 Nov 2016

    This is true for all information-based industries. Example: universities.

  2. 1 hour ago

    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.

  3. 11 hours ago

    Constant partisan fighting creates a two-sided narrative that hides the real problem in American politics: the two parties themselves.

  4. Jun 6

    In the beginning of the industrial revolution value was created by mechanics, in the end by businessmen. This will happen with the internet.

  5. Jun 3

    Identifying as a contrarian is dangerous. You risk holding opposing views for their own sake. Better to strive to think independently.

  6. Jun 3

    Your bullishness should equal the difference between your skepticism and market skepticism. No skepticism indicates insufficient reflection.

  7. Jun 2

    "One of history’s few iron laws is that luxuries tend to become necessities and to spawn new obligations." (Sapiens)

  8. Retweeted
    May 30

    Money is a formal token of delayed reciprocal altruism. — Richard Dawkins

  9. May 30

    The idea that empowerment comes from external sources robs the individual of agency, and is therefore fundamentally disempowering.

  10. May 30

    New eras are built just as often by co-opting the structures of previous eras as by subverting them.

  11. May 28

    "Please validate that you are human by submitting proof-of-pain."

  12. May 28

    The first indication of a real general AI breakthrough will be when online communities get overrun by impossible-to-detect bots.

  13. May 28

    If you stress but don't recover, you break down. If you recover without stress you languish.

  14. May 28

    Stress, recover, repeat.

  15. May 27

    Chess is a poor metaphor for life. In reality, your tempo and your adversary's are never the same.

  16. May 26

    Aging is a blessing. The more time passes from the start of a race, the less the head-start others got matters.

  17. May 26

    Good counterpoint that proves my point. Under this definition, all assets with no dividends are bubbles. Not a useful framework.

  18. May 26

    Bubble: when financial value rises above intrinsic value. Crypto assets (for now) are purely financial value. Bubble is wrong framework.

  19. May 25

    People manage their diets through subtraction (ex: low carb) but try to manage their informational diets through addition.

  20. May 24

    Not every steep increase is followed by a crash. Not every crash is followed by a recovery.

  21. May 24

    There aren't actually spaces between spoken words. Your brain inserts them.

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