A Stanford mathematician who spent 10 years as a professional magician just described the market in one sentence:
"I've spent my life on two tricks: making a rigged deck look random, and making a random one look rigged. The market is the first trick, and almost nobody catches it."
That's Persi Diaconis. He has a free lecture that asks one question: does anything actually happen at random? The answer is: far less than you think.
The market is his first trick in the wild. It looks like pure chance. Buried inside is a faint rig, a 50.75% tilt no eye can see. Your gut reads a losing week as a broken system and a hot streak as skill. Wrong both times. The tilt is invisible to human intuition, which is exactly why funds hand the decision to the math.
None of it is hidden. Diaconis has taught it for decades. The probability goes back to 1713. The lecture is free.
Here's the trap: you feel every win and every loss, but you cannot feel the average. And the average is the only thing that pays. It takes thousands of trades for a 51% edge to separate from luck, and almost everyone quits long before then.
The math is free. The patience to trust it past your own eyes is the edge.
This is one of the best breakdowns on the fundamentals of LLMs I've ever read.
Anytime someone asks me for resources to climb the steep AI learning curve, I always provide the same list.
1) @3blue1brown's neural network videos
2) @karpathy's zero to hero playlist
3) @dwarkesh_sp's whiteboard explainers
Now @_raghavdixit_'s "Vectors are all you need" and future articles in the explainer series are getting added to the list.
Perfect sleep today at 16°C/61°F
I might start the AC to precool the bedroom a bit earlier cause it takes awhile to get there
Even though it's 19°C/66°F outside at night in Portugal, without AC our bedroom would be 30°C/86°F with 2 people in it
Why? Well when we travel and we don't cool it, our bedroom at night is about 24°C/75°F, so that's the base temp
And that's because it's a well insulated modern house (aka the blessing and curse of modern houses), modern walls delay the heat from the sun in the day so it heats up your house at night, essentially to save energy but it results in extremely hot bedrooms that are terrible for your sleep
On top of that two people sleeping increases a bedroom temperature by another 3°C!/5°F. Especially if you work out and have some muscle mass which radiates even more heat!
So without AC running we'd end up in a 27°C/81°F bedroom!
Add a blanket to that and you add another 3°C, so you're sleeping at 30°C/86°F. Terrible sleep!
If you ever slept in an old house you know how nice it is, it's barely insulated and feels breezy and cold at night, how it should be
Overheating at night due to modern insulated homes is a well documented problem in energy efficient housing research
So yes most of us need AC at night!
You do, it's super easy to get €600/mo free in Portugal, no need to work
"State Financial Support: If you are unemployed, you can claim the Subsídio de Desemprego via the Portuguese Social Security system, which generally pays 65% of your reference salary. If you have exhausted that, you can apply for the Rendimento Social de Inserção (RSI) if you face severe financial hardship."
You can get back at everyone whoever wronged you, wanted you to fail, or held you down by simply being happy.
There is nothing that makes an adversary feel more powerless than you just continuing to live your life as though they never affected it, because they never did.
I published an article on how to become someone who enjoys confronting fear, and sees it as a game so you can get the most of of work/life as quickly as possible.
Read here: https://t.co/CoEky05Le2
Elon Musk reveals the mental model he uses to learn anything 10x faster:
"The normal way we conduct our lives is we reason by analogy. We're doing this because it's like something else that was done, or it's like what other people are doing. 'Me too' type ideas. Slight iterations on a theme."
Elon on first principles thinking:
"It's mentally easier to reason by analogy rather than from first principles. But first principles is kind of a physics way of looking at the world. What that really means is you boil things down to the most fundamental truths and say, 'What are we sure is true?' and then reason up from there. That takes a lot more mental energy."
He gives the example of batteries:
"Somebody could say, and people do, that battery packs are really expensive and that's just the way they'll always be, because that's the way they've been in the past. Well no, that's pretty dumb. If you applied that reasoning to anything new, you'd never get to that new thing."
Elon explains how first principles changes the question entirely:
"They would say historically it costs $600 per kilowatt hour, so it's not going to be much better than that in the future.
First principles would say:
What are the material constituents of the batteries? What is the spot market value of those materials?
It's got cobalt, nickel, aluminum, carbon, some polymers, and a steel can. If we bought that on the London Metal Exchange, what would it cost? It's like $80 per kilowatt hour.
So clearly, you just need to think of clever ways to combine those materials into the shape of a battery cell, and you can have batteries much cheaper than anyone realizes."
Demis Hassabis, CEO of Google DeepMind:
"If I was to talk to a class of undergrads right now, I would be telling them to get really unbelievably proficient with these tools."
In a 31-minute Davos panel, the DeepMind CEO gives the one piece of advice he'd hand anyone starting out.
Not learn to code. Not get a degree. Get unbelievably good at running these tools.
That proficiency is the one free skill the new rich all started with.
Watch the panel, then see what that skill is in the article below.
Bookmark it.
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Intelligence
We are in early takeoff. AI improving AI may end up being one of the most consequential steps of history. This isn’t certain because we don’t know how far from the physical and computational limits of intelligence we are, though I would bet it’s quite far from where we are today (e.g. ~5-10 OOMs more intelligence output per unit of scale seems possible).
There is a certain level of wealth where they just assume people will do stuff for free.
No chance Warren Buffet or Ken Griffin pays for anything day to day (beyond assets) All of life is free and they expect people to just do what they say with no future benefit
The founder in their 40s with taste and discernment is the new gentleman unicorn founder
Because there can be 100x to 1000x of them working at their beck and call via agents and software factories all the time
everything you need to know to achieve your maximum potential in life
>building a transferable skillset
>picking a high paying career
>starting your business and what it takes to run one
>how to spend money to make more money
your #1 read to become free
https://t.co/fArVWGPLjd
when a researcher from OpenAI, DeepMind, and Stanford drops an article like this, you know it’s a must-read.
TL;DR: execution is cheaper with AI. the edge is choosing the right problems, building strong connections, and investing real time.
Millionaires aren’t special
They just worked harder than you for longer periods of the time
That’s it
Obviously some might have got lucky etc
But in general they just worked more
If you begin working more you’ll make more progress and level up
The older I get, the more I realize that one of the most attractive traits is genuine enthusiasm. It's energizing to spend time around people who show real excitement for life. For people, ideas, and tiny moments. It takes courage to care so openly. Enthusiasm is contagious.