Recently bought the book Capitalism. Did not expect a 900 page book to be full of surface level generalizing content. Expected specificity lol bit disappointed but hope it picks up, about 200 pages in
So the top 1% of companies spending on ai are spending $7500 per employee, but the median enterprise spender is only spending $11 per employee - Apollo
Paul Tudor Jones on what he learned from Warren Buffet:
"I used to teach a class and my big lesson is you're going to make your money by riding a trend for the longest time.
I used to sit there and rail on Warren Buffett year after year.
I'd say he just happened to be in the right place at the right time and caught this bull market.
Our fund has a minus 0.12 correlation with the S&P 500 over 40 years. So 100% of our returns are alpha.
That's the difference between investing and trading.
I was just thinking, why couldn't I be Warren Buffett? Just believe in America, and when you're down 50%, who cares, because America's gonna bring you through.
I feel like I've been a right guard in the NFL for 50 years, fighting in the trenches every day.
I've always envied that belief system. It's worked so well for so long.
He understood the power of compound interest at nine years old. What a genius."