WATCH: @edzitron absolutely destroy the SpaceX, Anthropic and OpenAI IPOs in 5 minutes
He explains why they're all trying to cash out because the entire AI narrative is a lie.
Ray Dalio reveals the investing rule he calls the Holy Grail:
"Find 15 or 20 good uncorrelated return streams."
"Your return-to-risk improves by a factor of five. The probability of losing money goes from 40% to 11%."
@RayDalio
Worrying is a low aura activity. Instead of thinking of beautiful ideas to bring into the world, you're thinking of imaginary ways everything could go wrong. Worry is the misuse of imagination.
Why is it the burden of the people to prove the fraud to the letter of the laws crafted to conceal the fraud, rather than on the government to prove the elections are legitimate and to offer maximum transparency?
Wait a minute though. I'm just an unfrozen caveman so I don't understand the ways of this modern world, but the Supreme Court ruled that Obamacare's individual mandate was just a "penalty" instead of a tax. But Trump's $100,000 penalty on H-1B employers is now a tax?
People demanding "proof" of election fraud are not understanding how crime works. I worked at Manhattan DA for over 2 years, one in Homicide. We never had video proof of the crime. We almost never had DNA. These are things that occur on CSI on TV, not in real life. And we still convicted people all the time.
What we had was testimony and circumstantial evidence. Travel times, bank records, cell phone data, gate access codes. Motive, capability, benefit, time and place. Never direct proof. Of course the defendant always denied the crime, but there was enough evidence to show that one had to have occurred nonetheless.
If what we have in the LA Mayoral election is a statistical anomaly that is beyond reasonable explanation with anything besides fraud, that is enough to prove a crime. This has been true since the beginning of Western Civlization.
7. Your "I'll do it when I have more money" list will never happen. The trip, the class, the hobby — experiences don't require wealth, they require priority. Stop using money as an excuse for a life you're quietly choosing not to live.
8. Nobody's thinking about you as much as you think — your embarrassment lives only in your head. That party five years ago? Forgotten by everyone but you. You're the only one replaying your failures on loop, in a prison with one inmate.
5. Travel while your body still says yes. The trip you keep saving for retirement assumes a future no one is promised. Your knees, your savings, your parents — all of it has a quiet expiration date. Take the trip while you can still wonder and walk.
6. The grudge you're holding is damaging you more than the person you refuse to forgive. They moved on; you stayed inside the pain redecorating. That anger lives in your body rent-free. Forgive them for you, before it calcifies into bitterness.
3. Romanticize the ordinary day instead of waiting for the extraordinary one. The slow coffee, the light through the window, the song on the drive home — these aren't filler between big moments. They are the life. You keep racing past it
4. That "safe" corporate job is quietly making you depressed even if the paycheck is comfortable. Golden handcuffs are still handcuffs. The numbness you blame on laziness is your soul slowly suffocating five days a week.
1. Your parents are not background characters — the clock on them is running faster than yours. That phone call you're postponing? Make it today. One day you'll have all the time in the world and nobody to give it to.
2. Sit with someone you love and talk with no phone in the room. Ten minutes of full attention is rarer in this century than a diamond, and it gives the other person something money cannot — real presence, the most generous thing you own.
My sister lives in Los Angeles.
She's a Democrat but voted for Spencer Pratt.
I was with her when she dropped her ballot in the mail weeks ago.
We checked today and it hasn't been received back.
Are they just TOSSING ballots for Spencer Pratt?
Milton Friedman: “I am not a conservative. I’ve never been a conservative. Hayek was not a conservative.”
“We are liberals in the true meaning of that term: concerned with freedom. We are not liberals in the current distorted sense—those liberal with other people’s money.”
Speculation here - What’s the value of a company where half the engineering base or more leaves within 12-24 months after cashing out?
Especially a new one.
NEWS: SpaceX's IPO is about to turn a 27-year-old ship engineer into an overnight millionaire.
Maryellyn Musselman, 27, spent two years working on a SpaceX recovery boat off the Florida coast, the Wall Street Journal reports.
SpaceX gave her stock as part of her pay. In her industry, that almost never happens. She also used 10% of every paycheck to buy more.
She won't say how much it is worth today. Her plan is simple: use the money to start her own repair business in Chesapeake, Virginia.
She bought a little every payday and held on. Thousands of SpaceX workers did the same. The stock starts trading June 12.
"Mariners are not usually stock owners in their companies, they're not always under benefits."
Thousands of stories like hers cash in on June 12.
Jeff Bezos reveals why compromise is one of the worst ways to resolve a disagreement
"An example of a really bad way of coming to agreement is compromise. If I say the ceiling is 11 feet and you say 12 feet, we say let's call it 11 and a half. That's compromise"
"The advantage of compromise is it's low energy. But it doesn't lead to truth"
"Another really bad resolution mechanism is who's more stubborn. Two executives disagree, they have a war of attrition, and whichever one gets exhausted first capitulates. You haven't arrived at truth, and this is very demoralizing"
"Escalation is better than a war of attrition. Escalate to your boss and say, we can't agree, we like each other, we're respectful, but we strongly disagree, we need you to make a decision"
"Exhausting the other person is not truth seeking. Compromise is not truth seeking"