24 Matching Annotations
  1. Dec 2018
    1. Here’s how the math works out: if you can get 1 percent better each day for one year, you’ll end up thirty-seven times better by the time you’re done. Conversely, if you get 1 percent worse each day for one year, you’ll decline nearly down to zero. What starts as a small win or a minor setback accumulates into something much more.

      How can you quantify 1% getting better?

  2. Nov 2018
    1. s that because of where they live, or because they tend to be better educated and are less likely to be white than countryfolk?

      woah that's some dangerous assumptions

  3. Oct 2018
    1. If you do what everyone else is doing, you shouldn’t be surprised to get the same results everyone else is getting.

      Could this be why successful individuals have successful social circles?

    1. It is an ironic truth that no nonrenewable resource has ever run dry

      The issue is that they will become scarce enough to hinder their usage causing price shocks. The idea that they are running towards zero is foolish misrepresentation of the argument presented.

    1. It’s one reason why the careers of Nobel Prize winners tend to go downhill after receiving the award. It becomes too lucrative for them to devote their time to the media, giving talks or writing books. Producing more original research falls by the wayside.

      But what else can they achieve after the Nobel though?

    1. There are no price targets, no return targets, no staking my results on a given outcome for a given company

      How can this be true?

      Surely your target is a positive price and a positive return?

    2. I think “accomplishments” are traps. Accomplishments, by their very definition, exist only in the past or future—which are not even real things.

      How can you say the future isn't real? As someone in finance, don't clients pay you fees knowing that you can somewhat predict the future and put their money where in the future it would have "grown" from today?

    1. The main reason startups fail is because the idea didn’t work, often because it never scaled. They didn’t grow fast enough.

      These two sentences seem contradictory.

      Doesn't this mode of thinking explain the cause of the 4x increase in seed capital?

    2. These are extreme example. But there’s evidence that startups are taking more money than they need to succeed, usually in the name of funding bigger, faster, growth.

      Excessive spending -> lower returns?

    1. Charlie and I always knew that you would become incredibly wealthy. And he said, we were not in a hurry to get wealthy; we knew it would happen. He said, Rick was just as smart as us, but he was in a hurry.

      Tremendous confidence

    1. The company decided to "obfuscate the fact that we screwed up the math" by quietly retiring the erroneous metrics and replacing them with corrected metrics under a new name. For instance, Average Duration of Video Viewed would be replaced with Average Watch Time.

      Social Media analytics should always been taken with a pinch of salt

    1. Google declined to say what financial impact the changes would have, and said the fee was needed to make up for any loss in advertising revenue.

      The slow death of advertising revenue continues.

    1. “We don’t believe we should remove things from Facebook that are shared by authentic people if they don’t violate those community standards, even if they are false,” said Tessa Lyons, product manager for Facebook’s News Feed feature that shows users what friends are sharing.

      Interesting

    1. Katja Grace from Oxford's Future of Humanity Institute led the team that gathered responses from 352 academics and industry experts in machine learning. Then they calculated the median responses to come up with some concrete numbers.

      I think machine learning taking away our jobs has been 20 years away for the past 60 years.

    1. The bottom line is that the species needs Tesla to sell 200,000 cars this year, 400,000 cars next year, and as soon as possible, millions of vehicles annually.

      The idea that a $60k electric car is going to save the species does not make any rational sense.

    2. This makes Tesla an anchor brand and, regrettably for the company's naysayers, something of an indispensable company.

      How exactly does a high production output = an anchor brand? There have been multiple cars that have been #1 only to fall out of fashion a few years after.

    1. Facebook’s essentially a one-person company and I find Zuckerberg to be a bit of a cipher sometimes.

      Have to disagree. They just have an extremely public facing CEO. Which can cause individuals to assume that Facebook = Zuckerberg.

    2. Facebook and Google are the only two big tech companies that are unable to diversify their profit centers. They’re addicted to their stupid business model in the same way that a petro state is addicted to oil.

      Is it "addiction"? Or is it because they don't know how to and senior leadership is afraid of failure?

    3. It actually somehow talked the SEC into creating this other category, where it would be valued based simply on how much it was used, just on user engagement.

      Thus the social media landscape changed forever.

    4. It is being paid for by customers — but the customers are not the people who are actually doing the thing. They are these other people who decide, called advertisers — or I prefer to call them manipulators, because they have been sold on the idea that they’re not just advertising. They’re not just getting a message in front of you, but are part of a mathematical scheme that will predictably addict you and then modify your behavior.

      Very strong change in tone from calling them advertisers -> manipulators