🧠 Warren Buffett:
“Hayatta istediğim her şeye sahibim.”
“Bir yerine on evim olabilirdi. Daha mutlu olur muydum? Asla.
İki yerine on arabam olabilirdi. Daha mutlu olmazdım. Bu beni çıldırtırdı.”
↓
“400 metrelik bir yatım olabilirdi.
Ama o zaman onlarca kişilik mürettebatı yönetmek zorunda kalırdım.
Bazıları benden çalardı.
Bazıları birbiriyle kavga ederdi.
Kim bilir daha neler olurdu?
Gemi kaptanı olmak isteseydim başka bir mesleğe girerdim.”
↓
İnsanlar zenginliğin daha fazla şeye sahip olmak olduğunu düşünüyor.
Oysa gerçek zenginlik;
İstemediğin şeyleri satın almak zorunda olmamak,
İstemediğin insanlarla çalışmak zorunda olmamak,
Ve zamanını istediğin gibi kullanabilmektir.
Finansal özgürlüğün özü budur.
(Charlie Rose, 2009)
Many people think any given ML project is 99% training.
In reality, it’s 50% evaluation, 40% data cleaning, 8% integration, and 2% training.
The first two set the noise floor for learning. No ML magic matters; the model cannot lower the noise floor, as that’s the optimal bound of Shannon encoding of your data.
Thus, not a single day goes by without me thinking about ontology. Even the old labels have to be constantly reviewed.
Jeff Bezos just compressed the entire AI race into one sentence. It has nothing to do with technology.
Bezos: “Think about the things that are not going to change over 10 years and those are probably the big things.”
Not a word about models. Not a word about compute. Just the oldest truth in commerce, dressed in the quietest language possible.
The whole industry is sprinting to predict the next disruption. Bezos is pointing at what has never been disrupted.
Bezos: “10 years from now customers are still gonna want low prices. I know they’re still gonna want fast delivery, and I just know they’re still gonna want big selection.”
Cheaper. Faster. More.
Those are not preferences. Those are instincts. Hardwired before we had fire, let alone software.
Bezos: “It’s impossible to imagine a scenario where 10 years from now a customer says, ‘I love Amazon, I just wish the prices were a little higher.’”
That sentence has never been spoken in the entire history of human commerce.
Now pull every headline and every hype cycle out of AI. Look at what remains.
Intelligence approaching free. Labor approaching free. Delivery approaching instant.
The most advanced technology in human history is not chasing the future. It is chasing the oldest demands the species has ever had.
Bezos: “When you identify the big things, you can tell they’re worth putting energy into because they’re stable in time.”
You do not need to outrun the market. You do not need to outpredict it. You need to see the thing it has always wanted and build into it until nothing on earth can move you.
The future was never a mystery. It was always just the past, moving faster.
“People underestimate how long it takes to win big.
You struggle for 10 years. Eventually, in one day, you achieve more than you did your entire life.
Be patiently aggressive.”
— Patrick Bet-David
People still think (or feel) because Bitcoin is down crypto is down.
Derivatives/perps, stablecoins, prediction markets, etc are all up in crypto.
Crypto touches every area of finance, and is much broader than Bitcoin now. It will take some time for this to sink in.
(And yes - Bitcoin is going to do great and is as important as ever - one of many cycles we've all been through.)
All of my smartest friends are either
> doubling down on AI and starting companies to create generational wealth as soon as possible
> taking their money to buy piece of land in the middle of nowhere and walking away from society as a whole
Nothing in between
BINANCE FOUNDER CZ ABOUT AI AGENTS:
CZ says AI agents are going to transact 1,000 times more transactions than humans can do.
"AI is going to use crypto."
I totally agree.
AI will be a huge play next bull market.
Bill Ackman, founder and CEO of Pershing Square Capital Management: "It's very hard to outperform the market once you become a highly diversified portfolio."
Ackman makes the case that real outperformance comes from concentration, not from spreading capital across dozens of positions.
@BillAckman starts with a famous line from Warren Buffett:
"I think Warren Buffett once said, you know, diversification is protection against ignorance."
And he unpacks what that means for ordinary investors:
"If you don't know a lot about the companies that you're investing in, you want to invest in a lot of companies because the diversification will protect you from mistakes."
But Ackman argues the logic flips entirely once you have a genuine edge, the ability to study a business deeply and to shape its direction.
"If you have the ability to do deep due diligence on companies, and I would say as significantly, if the nature of your strategy allows you to have a lot of influence over those companies, you really want to pick the best dozen or so companies as opposed to dilute the top 12 or the top 15 with 16, 17, 20, 25, 50."
In other words, every position you add beyond your best ideas waters down your conviction rather than strengthening it.
That's why he's so blunt about the cost of spreading too thin:
"I think it's very hard to outperform the market once you become a highly diversified portfolio."
And he ties his own track record directly to this philosophy, pointing not just to picking a small number of businesses, but to actively helping them improve:
"And so our returns have come in part because of concentration and our returns in part have come from the fact that we help our company succeed."
Michael B. Jordan’s advice for anyone feeling stuck in life
“When you’re feeling the most trapped and down and nothing can go right, those are the moments that define you. People quit right before they get what they’ve always wanted”
“Having the name Michael Jordan, knowing there was another Michael Jordan who was the best ever got me teased and picked on. For a moment, it made me not want to play sports but then I was like nah, I’m going to compete. It gave me a healthy chip”
“For the people who are listening who feel like they can’t change their circumstances, just hold on. Just endure. Look at things differently. Challenge yourself to see the glass half full”
“Find something that resonates with you, find your intuition within that thing and be obsessed about it”
When Carl Jung said:
“No matter how isolated you are and how lonely you feel, if you do your work truly and conscientiously, unknown allies will come and seek you.”