October 2008. The world is melting down. Nassim Taleb sits down next to his mentor - Benoit Mandelbrot, father of fractals.
Both had warned for years that markets are far wilder than the models admit. Now, watching it happen live, they aren't gloating. They're scared.
Their warning: the system is so consolidated and tangled that one big failure isn't a little worse - it's catastrophically worse, triggering chain reactions nobody modeled.
"I don't know if we're entering the most difficult period since - not the Great Depression, since the American Revolution."
"When one large bank makes a mistake, it's 10 times worse than a small bank making a mistake."
"Everything that involves turbulence is enormously more complicated - not a little, enormously."
~10 min, free. the two men who saw the 2008 crash coming, talking the week it broke ↓
The Stockholm-headquartered company, which is valued at $5.6bn, is looking to grow from 650 employees to around 1,500, after its client list quadrupled to about 1,200 in the past year. https://t.co/h138ae8fnW
Foto de FA Hayek del año 1946. No hay una descripción del lugar donde se encontraba, pero posiblemente era Londres o algún lugar de EEUU debido a una gira que realizo durante ese periodo.
this Anthropic researcher wrote one of the best articles you can find here on AI research. obviously, Hamming's classic book is highly suggested to learn how to develop a "Research Taste".
Hayek against sociology and a good deal of sociology attempted by economics professors using statistical analysis:
"I'm very doubtful whether there is really a justification for a single theoretical science of sociology, any more than there's any justification for a single theoretical science of "naturology." Science has to deal with particular phenomena. It may develop a philosophy which explains how certain complexes of phenomena are ordered, but there are certainly many ordering principles operating in forming society, and each is of its own kind. For sociologists to claim otherwise .. is due to the same current to which macroeconomics is due in economics. It's .. "macrosociology" instead of a "microsociology." Microsociology would consist of sciences like economics and linguistics and the theory of law and even the theory of morals; while macrosociology is as much a mistake as macroeconomics is."
-- Friedrich Hayek
Following the dissolution of the Austro-Hungarian Empire at the end of World War I, many believed that Austria had become an economically unviable country, leading several figures including Mises, Wieser, and Hayek to advocate for Austria’s annexation by Germany.
This @FT piece reviews Theo Baker’s How to Rule the World, a book about Stanford University’s extraordinary role in producing Silicon Valley power, money, ambition, and moral compromise.
Latin America is having its golden age, and we built a public directory of the companies leading it.
Straight Outta LATAM is a hub where global companies find the ones already operating here, and where LATAM teams find each other.
I have a new piece out in Aeon Magazine (@aeonmag). It focuses on distinguishing Nick Land’s original version of accelerationism from the different contemporary movements going under that same name: both militant white supremacist accelerationism and effective accelerationism.
"Elon Musk is in any coherent libertarian analysis a plutocrat whose success is in no small part dependent upon his collaboration with the state."
https://t.co/yd4Fx0tjzY
gracias por la enorme cantidad de mensajes y comentarios que estoy recibiendo sobre la entrevista con @ericweinstein. fue una conversación realmente apasionante de hacer: más de 90 minutos donde no dejamos tema sin tocar, desde peter thiel, milei e inteligencia artificial hasta inflación, física, trabajo, dignidad y el futuro de nuestra especie.
la generosidad intelectual de eric fue asombrosa y le estoy profundamente agradecido por el tiempo, la apertura y la honestidad. si esta charla ayuda aunque sea un poco a que más argentinos 🇦🇷 entiendan mejor de qué va todo esto y los debates que vienen, entonces valió completamente la pena.
acá 👇 está completa para que la disfruten durante el fin de semana o en algún largo viaje. entrevistas como esta ocurren pocas veces en la vida y creo que su escucha atenta vale mucho la pena. afortunadamente así lo reflejan muchos de los comentarios hechos con buena fe.
https://t.co/3a74HqUsAM
The day Elon Musk and Peter Thiel crashed in the McLaren F1 that Elon bought when he was 28.
The excerpt is taken from Thiel's biography, “The Contrarian”.
Today I'm publishing a new essay, Policy on the AI Exponential. AI is progressing extremely fast—much faster than the policy process was built to handle. The essay lays out where I think the technology is now, and the action needed to close the gap: https://t.co/Lh6PWae178