"Satchel Paige had a very, very good fastball....
But the first time I faced Satchel, he threw me a little breaking ball, just to see what I could do, and I hit it off the top of the fence. I got a double.
When I got to second, Satchel told the third baseman:
"Let me know when that little boy comes back up here."
Three innings later, I go to kneel down in the on-deck circle, and I hear the third baseman say:
"There he is."
Satch looked at the third baseman, and then he looked at me.
I walk halfway to home plate and he says:
"Little boy."
I say:
"Yes, sir?" because Satch was much older than I am, so I was trying to show respect.
Satchel walked halfway to home plate and said:
"Little boy, I'm not going to trick you.
I'm going to throw you three fastballs and you're going to go sit down."
And I'm saying in my mind:
"I DOOON'T THINK SOOO."
If he threw me three of the same pitch, I'm going to hit it somewhere.
I turned to the catcher and asked:
"What does he mean?"
Catcher told me:
"He’s going to throw you three fast balls.
Nothing else."
Satchel threw me two fastballs and I just swung....
I swung right through it....
And the third ball he threw, and I tell people this all the time, he threw the ball and as he let go he said:
"Go sit down."
This is while the ball was in the air.
Yes, he struck me out with three pitches.
He was just magnificent."
17 year old Willie Mays facing Satchel Paige for the first time.
Remember: Rick Santelli single-handeldly launched the Tea Party movement with this epic rant.
I watched it live. Totally glued. I went from sitting down, to standing & pumping my fist.
Obama's 2009 bailouts were one of the biggest mistakes in history.
How to plan your day (for people in their 50s).
I'm 61, so this one's personal:
1. Your body clock has drifted earlier since your 20s. Use it.
2. The midlife slump is real, and it lifts.
3. Say no faster. Your time horizon is the asset.
4. Take your breaks outside, with someone.
5. Quit books at 100 minus your age pages.
The science: 🧵
I've read more productivity books than anyone you know. Strip away the packaging and they all teach the same six lessons. Thirty years of advice, one thread:
In 2001 George W Bush proposed a partial privatization plan for Social Security so you could put 10% of your SS contribution into the markets.
People rejected this.
We can now see that if it had passed, the 10% that went into the markets would have outperformed the 90% the government managed, the program would be solvent, and the average SS recipient would be receiving 2X what they currently receive.
The worst bet you’ll ever make is betting on government.
"The Canadian people deserve to have a better standard of living It shouldn't be going down over a 10-year period" Joe Kernen - CNBC
This the story that Canadian media needs to focus on. Guess why not.
Canada's GDP growth is shockingly low, dead last among OECD countries over the last decade. Projections show this will worsen, leaving Canadians with a declining standard of living. What went wrong? #CanadaEconomy #GDP
In her latest sciolistic letter to me, @SenWarren made it clear that she knows even less about foreign exchange markets than she does about banking.
What is equally shocking, but not surprising: not a single member of the media mob has a rudimentary-enough level of financial market literacy to spot her remedial error.
To reiterate: under @POTUS, the United States delivers for America’s trusted partners.
For a fuller explanation, I recommend Senator Warren take any entry level course in international finance for her and her staff, or I can personally give her a tutorial on Foreign Exchange for Dummies. Although I am not holding my breath, I hope her next letter will demonstrate that she has learned the difference between a currency purchase and a swap or a loan.
If you're going to be wildly successful, you have to be wildly unusual. Your life won't resemble the lives of the people around you.
You can learn a lot from Outliers, but you can't copy them.
Warren Buffett studied at the feet of Ben Graham, but rarely copied him. He did his own things with his own rules.
The style of your success has to fit who you are.
WATCH: A mother grizzly bear approaches a fishing boat, spots a salmon in the water, and snatches it just a few feet from a fishing charter in Alaska.
Fishing guide Carter Brown kept his cool the entire time and said he started filming as the bear foraged along the river. Moments later, she was fishing for salmon right beside him.
"My clients were mind-blown," Brown said.
Brown says encounters like this are part of life in his unique corner of Alaska, where bears and humans regularly share the same waterways.
Here is what all these sideline commentators don’t understand:
THERE IS NO PRICE DUMPING IN OPEN SOURCE AI
China can price dump in manufacturing. Why? Because we destroyed our means of equivalent production and so can’t do the same.
But manufacturing is not AI.
China CANNOT price dump in open source AI. Why? Because everything in open source, by definition, is public domain and available to everyone at no cost. The most important thing that this means is that we can do the same thing as China as long as we have the will and the people to do it. And we have both.
- America is still the leader in frontier AI.
- America has the smartest developers.
- America has the most creative engineers.
- America has the leading silicon.
- America has the most advanced clouds.
The biggest risk in America is we are short electricity and China has a surplus of it.
So if they can somewhat catch up in some of the other areas above, they could beat us.
But as of right now, we are leading. There is no price dumping. We also want the price of intelligence tokens to go to zero.
So let’s get on with it and finish this on the field. But don’t fall for a stupid analogy.
It is incredible how far the Democratic Party has moved politically. Just listen to @BarackObama on immigration 20 years ago. @HillaryClinton spoke similarly back then.
The question of course is why. The answer I believe is not a change in fundamental views, but rather a tactical one. At some point, the Democratic Party believed it had a higher likelihood of staying in power if our country had open borders.
When did this take place? What was the catalyst for this reversal of views?
Pete Carroll told Steve Kerr the offense and defense you run doesn't matter, and that your values are really the blueprint for building an NBA dynasty:
“How are you going to coach your team?”
“You mean what offense are we going to run? What defense?”
“No, no, no. That stuff doesn’t matter.”
“Coaching is really about values.”
“When you think about the greatest teams, you remember the vibe, the aura that existed when you walked into the building every day.”
“You need to think about what your team is going to feel.”
“If your values come through in everything you do: the way you carry yourself and the way the team practices... then your values take hold and the culture takes hold.”
“Go home and think about your life, your values and what they are.”
Coach Kerr ended up choosing:
📊 Competitiveness
😀 Joy
🧘 Mindfulness
💙 Compassion
These four traits became the foundation and north star for every system he built within the Golden State Warriors organization.
“Pete taught me how to connect personal values to the way you operate.”
“That’s how you really get a culture going.”