Mutian Zhai

[Mutian Zhai @MutianZhai]

@karpathy If there are problems that are hard to compute but easy to judge/verify, could RL on LLMs using LLM-as-judge ratings as the policy objective work?

[Mutian Zhai @MutianZhai]

@LynAldenContact I thought the theory was that fiscal deficits create inflation through increased government spending. But rate hikes don’t increase spending, they only increase borrowing costs, which results in more borrowing. But how is that in itself stimulative?

[Mutian Zhai @MutianZhai]

@macrocephalopod @BongoAspirant I don’t understand how this implies you have alpha instead of showing your trades have a market impact since your participation rate and the change in price are the same period. Even if your strategy was random, wouldn’t you get a discontinuity due to market impact?

[Mutian Zhai @MutianZhai]

@BillAckman Projection

[The Cultural Tutor @culturaltutor]

Why have so many football team badges been simplified into corporate logos?

[Mutian Zhai @MutianZhai]

@QCompounding Isn’t that called underearning or dumping if you’re a foreign company?

[Mutian Zhai @MutianZhai]

@choffstein @nope_its_lily Why is this such a terrible idea?

[Mutian Zhai @MutianZhai]

@goodalexander “Passive” ETFs can have higher turnover than active managers

[Mutian Zhai @MutianZhai]

@goodalexander No, because narratives drive asset prices and that’s not the prevailing narrative nor is it likely to become one until there is a serious effort to conduct asteroid mining at scale. You’ll have plenty of time to sell.

[Mutian Zhai @MutianZhai]

@zhusu Be under the age of 10

[Mutian Zhai @MutianZhai]

@nntaleb @MandrakeMagic1 Nah, it was a good trade for him even if he blew up. Bad trade for the banks.

[Zhu Su @zhusu]

I think being early is less important than being highly thesis-driven

In fact would argue majority of wealth creation occurs in the middle phase and overly fetishizing being early has generally cost ppl a lot of money

E.g. a modest 50k btc, costing $500k in 2012, is $3b today

[Mutian Zhai @MutianZhai]

@kyled116 Satoshi could be selling

[Mutian Zhai @MutianZhai]

@SBF_Alameda Not so good for holders in countries that tax staking returns as they prefer more dilution since you can’t deduct a significant amount of capital losses against ordinary income. Not so bad for node operators that can deduct their operational costs.

[Massimo @Rainmaker1973]

Amphioctopus marginatus, also known as the coconut octopus and veined octopus displays unusual behavior including tool use (especially coconuts, hence its name) and bipedal walking, like this short clip by Discovery Channel shows [source: https://t.co/eIkrc1KLvd]

[Mutian Zhai @MutianZhai]

@hopihoekstra @UCBerkeley @NKWhiteman @mbeisen Thank you for bringing attention to this criminal negligence.

[Ray Dalio @RayDalio]

I have added part two to my article, Why and How Capitalism Needs to Be Reformed, where I go into my diagnosis of why capitalism is producing inadequate outcomes and some thoughts about how it can be reformed to produce better outcomes.
https://t.co/arJwiEtzF8

[Geoffrey Miller @gmiller]

If @AOC really thought that global warming was an existential risk to humanity, it would be worth solving even if the solution radically _increased_ economic inequality.

She obviously doesn't believe it's a true X-risk. For her, it's just a hammer for smashing capitalism.

[elizabeth stark ⚡ @starkness]

That feeling when the Bank of International Settlements tells you to stop writing code because, well, only central banks can create money: 😂😂😂https://t.co/Nw4oRcPN4M