Jensen’s inequality:
E[f(x)] ≥ f(E[x])
…if f(x) is convex
This is the reason we must do things.
When the world is convex, the "noise" of reality is actually a bonus. The messiness, the outliers, and the unexpected wins mean the actual outcome of action will always pull ahead of your static expectations.
The rarest object type in the universe isn't black holes. It's us. Conscious matter. The flame of life.
We have a duty to expand it in scope and scale in order to preserve it.
The Swiss Franc (CHF) keeps strengthening - even as the SNB has returned to ZIRP and volatility has declined. This goes against the conventional wisdom and argues something else is going on.
A few points below.
@patio11 Please check @warpdotdev - I use it as my primary shell and it automatically pipes all errors to an LLM and fixes them for me.
(no connection just a happy user)
@rexsalisbury Does anyone have a sample side letter that can be used with a safe to ensure conversion in (say) 18-24 months even if the company doesn’t raise more money
15/16 apparently had the best weather in the region - well-balanced summer and winter. Sassicaia 15 was very sophisticated and “elegant” whereas the 16 was very powerful, and probably could take a few more years to mature
This exactly - All taxes are a balance between extraction and disincentivization. The state needs to find a point along that curve where tax revenue is maximized for taxes that affect productivity.
(Sin taxes on the other hand would be aimed at maximizing disincentives while minimizing non-compliance)
https://t.co/wrWcA6bg4K
@jburnmurdoch Have you considered the impact of IHT on living persons? If they’re going to be taxed away anyways would it reduce the willingness to generate more wealth, and hence reduce the productivity of the wealthiest (and in some cases most productive) people in society?