KEC is proud to have constructed the Tata Steel plant in Ludhiana, which is built to run on 100% scrap. Spread across 115 acres, this plant is one of India’s largest electronic arc furnace based steel plants. #RPG
Grammatical mistakes makes the writing human. An indicator that it is not generated or heavily proofread by AI.
Publishing corrections are a different thing.
I hardly share my technical work on this platform for many reasons.
1) I don’t have followers. My posts anyway are ghosts and mostly written as though I am writing a personal diary.
2) 7 years into finance, and I still feel as if I have enormous learning left to do. My technical work is nothing compared to industry stalwarts. Although I have deep conviction in my research.
3) I would rather let my results speak. As a fund manager it takes couple of decades to build the real results. Anything less than 10 years doesn’t count.
4) Partially due to regulatory reasons. Some work cannot be shared as it will be counted as advice without registration.
Druckenmiller's advice to young people who want to get into finance:
"if they're going in it for the money, they should go elsewhere."
"there's too many people in the business like me that just love the game and the passion. and they're not going to be able to outwork the people that are passionate."
"and it's not a fun game if you're losing."
the people who survive long enough to compound real returns are the ones who genuinely enjoy the research, the building, the debugging at 2 AM. if you're only here for the P&L, the first extended drawdown will end you.
Taleb: "standard deviation is not how much something moves on average."
ask anyone - even statisticians, even government agencies - and that's exactly the wrong definition you'll get back.
what they're describing is mean absolute deviation. real standard deviation squares the moves first - which quietly hands almost all the weight to the rare extremes.
his demo: 1,000,000 numbers, all zero except one. mean deviation ≈ 2. standard deviation ≈ 1,000. same data, a 500× gap.
~10 min, free. why the risk metric everyone trusts falls apart on fat tails ↓
I started refusing all forms of "networking" or gathering of hotshots w/o specialized focus (squid ink, medical probability) after I attended Davos & was shocked at the mediocrity of courtiers (coupled with the illusion of running the world). Helped escape Epstein & this shit.
I have many relatives now complaining about unbearable heat.
To be frank, our body is made to farm or hunt in the day. That includes summer, humid weather too.
‘Unbearable’ is just our bodies being stopped from some necessary sun exposure. Most of those who complain have low Vitamin D and high insulin resistance.
Caring for your mind and body is similar to living like a child again.
Except extreme heat days April-May and that too at max noon, there is no reason why you should not walk or play under the sun.
Scaling up the diet to include lots of dairy, salt, and fruits.
Unveiling of Sushrutha’s statue at the Royal College of Surgeons Edinburgh. What a great event, a historical event in the histories of both India & the U.K.
🚨 Students appearing for a B.Ed. Psychology exam in Gadag, Karnataka, were asked to write their papers amid deliberately created noise and distractions.
With now war more or less settled. One thing is really clear:
US is not the supreme power anymore. With this it should stop behaving as a bully around the world. Their politicians from whatever party they come from are motor mouths.
Also they definitely did not ‘win’ this war.
Bessent, Cruz, Musk, Kushner Among Leaked Member List of Secret Society
A massive data leak exposed Dialog, a secretive society for over 200 global elites, revealing off-the-record retreats and a matchmaking app.
https://t.co/CNvsPomzR7
My rule: if I am invited to a gathering of hotshots to talk to other hotshots under the pretense of some topic I say systematically no.
If I am invited for a specialized topic, like Squid Ink THeory, probability distribution of heartrates or Bicycling Saddle Theory, I enlist immediately if there is a fit.