I'm always amused when people are shocked by people doing exactly what they said they’d do. Everything that has happened over the past week was publicly announced months ago.
Stephen Miran, widely viewed as the architect of Trump's trade policy, published a paper "A User’s Guide to Restructuring the Global Trading System" in November of 2024, laying out everything that has happened (as well as many things that are yet to come).
So Apple has introduced a new system called “Private Cloud Compute” that allows your phone to offload complex (typically AI) tasks to specialized secure devices in the cloud. I’m still trying to work out what I think about this. So here’s a thread. 1/
RIP, Charlie Munger. What an inspiring human being.
Now is a good time to reread his speech:
“How to Guarantee a Life of Misery”
Also, here are some quotes I've been collecting since I read Poor Charlie's Almanack for the first time:
- "The best thing a human being can do is to help another human being know more."
- "Acquire worldly wisdom and adjust your behavior accordingly. If your new behavior gives you a little temporary unpopularity with your peer group then to hell with them."
- "In my whole life, I have known no wise people (over a broad subject matter area) who didn’t read all the time – none, zero."
- "I find it quite useful to think of a free-market economy – or partly free market economy – as sort of the equivalent of an ecosystem. Just as animals flourish in niches, people who specialize in some narrow niche can do very well."
- "It’s not given to human beings to have such talent that they can just know everything about everything all the time. But it is given to human beings who work hard at it – who look and sift the world for a mispriced bet – that they can occasionally find one."
- "Mimicking the herd invites regression to the mean."
- "Develop into a lifelong self-learner through voracious reading; cultivate curiosity and strive to become a little wiser every day."
- "Acknowledging what you don’t know is the dawning of wisdom."
- "Above all, never fool yourself, and remember that you are the easiest person to fool."
- "Determine value apart from price; progress apart from activity; wealth apart from size."
- "Recognize reality even when you don’t like it – especially when you don’t like it."
- "Remember that reputation and integrity are your most valuable assets – and can be lost in a heartbeat."
- "If all you succeed in doing in life is getting rich by buying little pieces of paper, it’s a failed life. Life is more than being shrewd in wealth accumulation."
- "Someone will always be getting richer faster than you. This is not a tragedy."
- "Spend each day trying to be a little wiser than you were when you woke up. Discharge your duties faithfully and well. Step by step you get ahead, but not necessarily in fast spurts. But you build discipline by preparing for fast spurts. Slug it out one inch at a time, day by day. At the end of the day – if you live long enough – most people get what they deserve."
- "I’m not entitled to have an opinion unless I can state the arguments against my position better than the people who are in opposition. I think that I am qualified to speak only when I’ve reached that state."
- "Thinking that what’s good for you is good for the wider civilization, and rationalizing foolish or evil conduct, based on your subconscious tendency to serve yourself, is a terrible way to think."
- "Avoid working directly under somebody you don’t admire and don’t want to be like."
- "Intense interest in any subject is indispensable if you’re really going to excel in it."
- "Never, ever, think about something else when you should be thinking about the power of incentives."
- "This is really crucial: Warren [Buffett] is one of the best learning machines on this earth. The turtles who outrun the hares are learning machines. If you stop learning in this world, the world rushes right by you."
- "Some people seem to think there’s no trouble just because it hasn’t happened yet. If you jump out the window at the 42nd floor and you’re still doing fine as you pass the 27th floor, that doesn’t mean you don’t have a serious problem. I would want to address the problem right now."
- "Organized common (or uncommon) sense is an enormously powerful tool. There are huge dangers with computers. People calculate too much and think too little."
- "Almost all good businesses engage in ‘pain today, gain tomorrow’ activities."
- "There ‘s no way that you can live an adequate life without [making] many mistakes."
- "In investment management today, everybody wants not only to win, but to have a yearly outcome path that never diverges very much from a standard path except on the upside. Well, that is a very artificial, crazy construct. That’s the equivalent in investment management to the custom of binding the feet of Chinese women."
- "Life in part is like a poker game, wherein you have to learn to quit sometimes when holding a much loved hand."
- "Any year that passes in which you don’t destroy one of your best loved ideas is a wasted year."
- "Choose clients as you would friends."
- "The best armour of old age is a well-spent life preceding it."
- "When you borrow a man’s car, always return it with a tank of gas."
- "Take a simple idea and take it seriously."
- "You’re looking for a mispriced gamble. That’s what investing is. And you have to know enough to know whether the gamble is mispriced. That’s value investing."
- "It takes character to sit there with all that cash and do nothing. I didn’t get to where I am by going after mediocre opportunities."
- "A great business at a fair price is superior to a fair business at a great price."
- "No wise pilot, no matter how great his talent and experience, fails to use his checklist."
- "Once you get into debt, it’s hell to get out. Don’t let credit card debt carry over. You can’t get ahead paying eighteen percent."
- "If you always tell people why, they’ll understand it better, they’ll consider it more important, and they’ll be more likely to comply."
- "Spend less than you make; always be saving something. Put it into a tax-deferred account. Over time, it will begin to amount to something. This is such a no-brainer."
- "You don’t have to be brilliant, only a little bit wiser than the other guys, on average, for a long, long time."
- "Three rules for a career: 1) Don’t sell anything you wouldn’t buy yourself; 2) Don’t work for anyone you don’t respect and admire; and 3) Work only with people you enjoy."
- "I try to get rid of people who always confidently answer questions about which they don’t have any real knowledge."
- "Being an effective teacher is a high calling."
- "I believe in the discipline of mastering the best that other people have ever figured out. I don’t believe in just sitting down and trying to dream it all up yourself. Nobody’s that smart…"
- "Investing is not supposed to be easy. Anyone who finds it easy is stupid."
- "Assume life will be really tough, and then ask if you can handle it. If the answer is yes, you’ve won."
@maciejwalkowiak Generally speaking there are lots of productive magic tools, problem is when they fail and the devs don't know what happens behind the magic curtain.
Netflix's Tech Stack.
This post is based on research from many Netflix engineering blogs and open-source projects. If you come across any inaccuracies, please feel free to inform us.
Mobile and web: Netflix has adopted Swift and Kotlin to build native mobile apps. For its web application, it uses React.
Frontend/server communication: GraphQL.
Backend services: Netflix relies on ZUUL, Eureka, the Spring Boot framework, and other technologies.
Databases: Netflix utilizes EV cache, Cassandra, CockroachDB, and other databases.
Messaging/streaming: Netflix employs Apache Kafka and Fink for messaging and streaming purposes.
Video storage: Netflix uses S3 and Open Connect for video storage.
Data processing: Netflix utilizes Flink and Spark for data processing, which is then visualized using Tableau. Redshift is used for processing structured data warehouse information.
CI/CD: Netflix employs various tools such as JIRA, Confluence, PagerDuty, Jenkins, Gradle, Chaos Monkey, Spinnaker, Altas, and more for CI/CD processes.
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