Milton Friedman on 4 ways to spend money:
1) Your money on yourself (you’re careful about both cost and quality)
2) Your money on others (you care about cost, less about quality)
3) Someone else’s money on yourself (you care about quality, not cost)
4) Someone else’s money on others (you care about neither)
The last one is how government spending works.
Aug update from ECMWF predictive ensemble is genuinely extraordinary from extreme #ElNiño perspective. One implication: it is now indicating not only 70-100% odds of above avg winter precip California-wide, but also 70-100% odds of DJF 26-27 being among the top 20% of wettest CA winters (!).
@askqaiser@illscience Yes, that’s a great insight that the majority of people are currently missing. I’ve come to realize that myself with the projects I’m working on. I learn so much and and blown away by the capabilities and results.
@ramahluwalia The arbitrage isn’t in SF where everyone has the same tools and no moat — it’s in verticals where domain expertise is scarce, incumbents are complacent, and nobody in the room is running Claude Code. Ram’s framing treats geography as the adoption frontier when it’s really domain
@ramahluwalia From Claude: His reply to you is the more interesting part, and it’s weak. “SF and NYC, startups, VCs” describes where the loudest adoption is, not where the highest ROI is. You’re the counterexample
@ramahluwalia I think price competition will keep those much lower. Hence why Elon believes we will see very very high GDP growth in the near future. I tend to agree.