the founder of Bridgewater - the largest hedge fund on Earth, the man who called 2008 - just told Meet the Press that what's coming is worse than a recession
"we have a breaking down of the monetary order. we cannot spend the amounts of money."
"we are going from multilateralism to a unilateral world order in which there's great conflict"
"such times are very much like the 1930s"
Ray Dalio doesn't panic on TV. this time he did.
bookmark and watch the full interview ↓
Malcolm Gladwell revealed why you shouldn't go to Harvard:
1. America does not have a shortage of students who want science and math degrees. It has a shortage of students who finish them. Half of all high school seniors who intend to study STEM drop out by the end of their second year. The problem is not interest. It is persistence.
2. The obvious assumption is that smarter students persist longer. So Gladwell tested it. At Hartwick College, a small liberal arts school in New York, the top third of math SAT scorers took the majority of STEM degrees. The bottom third dropped out in large numbers. The data seemed to confirm it. Smarter kids stick around longer.
3. Then he looked at Harvard. The bottom third of Harvard's math SAT scores are equal to the top third at Hartwick. By the logic above, everyone at Harvard should graduate with a STEM degree. They are all brilliant. Nobody should be dropping out.
4. Harvard showed the exact same pattern as Hartwick. Top students graduated. Bottom students dropped out like flies. Even though the bottom Harvard students were objectively brilliant by any global standard. Something else entirely was driving the dropout rate.
5. That something is called relative deprivation theory. Human beings do not measure themselves against the world. They measure themselves against the people immediately around them. A Harvard student in the bottom third does not think I am in the top one percent of all students globally. They think that kid next to me keeps getting everything right and I keep getting it wrong. So they quit.
6. The research from UCLA puts a specific number on it. Your odds of graduating with a STEM degree fall by two percentage points for every ten point increase in the average SAT score of your peers. Choose Harvard over the University of Maryland and your chance of finishing a STEM degree drops by thirty percent. Thirty percent. Just to put a brand name on your resume.
7. Relative position matters more than absolute position when it comes to confidence, motivation, and self belief. The eightieth percentile student at Harvard looks up at the people above them and feels like they cannot compete. The number one student at a state school feels like they can conquer the world. That feeling drives everything.
8. The practical hiring implication is radical. Class rank matters more than institution name. Gladwell argues companies should have a don't ask don't tell policy for where someone went to college. Hiring only from top schools means missing the top students from every other school. That is not smart hiring. That is brand worship.
9. When choosing a college, never go to the best school you get into. Go to the school where you are guaranteed to be near the top of your class. Being a big fish in a smaller pond does not just feel better. It statistically produces better outcomes than being a small fish in the most prestigious pond available.
10. So why do we keep choosing Harvard over Maryland? Because we are flattered. Because the acceptance letter feels like validation. Because we make an irrational decision in a moment of enormous flattery and call it ambition. Gladwell's conclusion is simple and brutal. When we have the chance to join an elite institution we do things that are genuinely against our own interest and we feel great about it the whole time.
As always, Thank you for reading this.
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Jensen Huang: "People with really high expectations have very low resilience."
"I think one of my great advantages is that I have very low expectations. And I mean that.
Most of the Stanford graduates have very high expectations. And you deserve to have high expectations because you came from a great school.
You were very successful. You're top of your class.
Obviously, you were able to pay for tuition. And then you're graduating from one of the finest institutions on the planet.
You're surrounded by other kids that are just incredible. You naturally have very high expectations.
People with very high expectations have very low resilience. And unfortunately, resilience matters in success.
I don't know how to teach it to you except for I hope suffering happens to you. And I was fortunate that I grew up with my parents providing a condition for us to be successful on the one hand, but there were plenty of opportunities for setbacks and suffering.
And to this day, I use the phrase pain and suffering inside our company with great glee. And I mean that. Boy, this is going to cause a lot of pain and suffering.
And I mean that in a happy way, because you want to train, you want to refine the character of your company.
You want greatness out of them. And greatness is not intelligence.
Greatness comes from character, and character isn't formed out of smart people.
It's formed out of people who suffered.
And so if I could wish upon you, I don't know how to do it. For all of you Stanford students, I wish upon you ample doses of pain and suffering."
Germany destroyed all of their nuclear power plants because there were tsunamis in Japan.
Since then Japan has turned their nuclear power plants back on.
Germany also sanctioned Russian cheap natural gas supplies.
Lousy energy policy has consequences. Factories are closing.
Saudi Arabia has unveiled plans to build the first ever ‘FLOATING stadium’ which will be 350 meters above the desert.
They plan to host matches in the stadium during the 2034 FIFA World Cup.. 👀
The infrastructure reality everyone misses:
> Local prototype + Fast iteration = Chroma/Qdrant wins
> Cloud-first + Managed service = Pinecone dominates
> High write throughput + Fresh data = Weaviate is your option
> Hybrid search + Metadata filters = Elasticsearch or bust
Architecture drives the decision, not features.
$24,000 per year from this simple AI Dentist Voice Agent
(and why I'm crazy for giving it away for free)
A dental practice was losing $6,000+ in revenue every month from missed after-hours calls.
That's 20-25 potential patients walking away because no one was available to book their appointments.
So I built an AI voice assistant that handles after-hours dental bookings 24/7 using n8n and ElevenLabs based on internal policies and scheduling availability.
Here's what this system does:
→ Answers calls with a natural-sounding AI receptionist
→ Collects patient information and insurance details
→ Checks calendar availability in real-time
→ Books appointments automatically
→ Logs all patient details to a Google Sheet
The result? This similar AI voice system was sold to a dental practice for $24k per year by another entrepreneur!!
This isn't just about dental practices. Any service business losing money from missed calls can implement a similar system.
Want the complete n8n workflow template?
1. Retweet & Like this post
2. Comment "ASSISTANT"
I'll send you the entire system for free, a full setup walk-through video, including the ElevenLabs automation components.
Tickets are now live for the 2025 Art of City Building conference. Be part of the conversation and hear inspiring presentations from local and international thought leaders.
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Here’s a sneak peek at Meta’s new small form glasses, called Orion. They’re fully standalone and feature eye, hand, and even neural tracking. Can’t wait to try these!
Having a hierarchy of merit is not only consistent with an idea meritocracy but essential for it. It's simply not possible for everyone to debate everything all the time and still get their work done. Treating all people equally is more likely to lead away from truth than toward it. But at the same time, all views should be considered in an openminded way, though placed in the proper context of the experiences and track records of the people expressing them.
#principleoftheday