The better the management team's English, the worse the stock. One EM manager's career-long observation:
Sinan Xin runs a global EM tech long/short fund out of New York; he's invested across China, LatAm, and Asia since '08.
Sinan Xin explains:
"There's a bias I see people struggling with in emerging markets technology."
"You're interfacing with a management team that speaks really good English. Really good presenters. They make people feel comfortable."
"They get it. They speak great English — so they must be good managers."
"It's such a common bias in emerging markets investing."
"Part of it is US investor ethnocentricity. Part of it is politics: I like this idea, but my boss needs to like the idea. And if these guys don't speak English well, it's awkward to introduce them."
"In my investment career, statistically — the guys that spoke the best English, the stocks did the worst."
How to be as "smart" as Auto-Regressive LLMs:
- memorize lots of problem statements together with recipes on how to solve them.
- to solve a new problem, retrieve the recipe whose problem statement superficially matches the new problem.
- apply the recipe blindly and declare victory.
- do not use basic logic.
- do not use common sense to check your solution.
- do not use a mental model of the situation as a sanity check.
- do not simulate the scenario in your mind using your world model.
- when someone tells you your solution is wrong, reply "I'm sorry, you are right" and apply another irrelevant recipe.
Knowledge accumulation is not a substitute for actual understanding.
On September 25, 2000, 19-year-old Kevin Hines attempted to end his own life by jumping off the Golden Gate Bridge. Plunging over 220 feet at a speed of 75 miles per hour, he hit the water below, shattering three of his vertebrae and narrowly missing severing his spine by two millimeters. Despite the odds, he miraculously survived the impact.
Upon realizing he was still alive, an intense will to live surged within him. Yet, the weight of his clothes continuously pulled him beneath the surface of San Francisco Bay. For what seemed like an eternity, he struggled to resurface briefly, gasping for air, just enough to hold on to life.
Suddenly, he felt an unusual force from below lifting him above the water's surface, where he remained until the Coast Guard arrived. It was only later that he discovered the mysterious presence keeping him afloat: a sea lion had been supporting his body until the rescue boat arrived, as eyewitnesses had observed.
His story gained major media coverage and he has since become a motivational speaker and advocate for suicide prevention.
When we do things that work, we rarely understand exactly why. We do them unconsciously, or because of tradition, or because we stumbled onto them. A lot of the value of essay writing is in figuring out why things that work do work.
Less than 31 hours since OpenAI started dropping the ChatGPT vision feature on pro users...
People are scratching their heads in disbelief.
10 wild examples:
I little thread on how Gaussian (aka Normal) distribution arises, why it seems to be everywhere and why under closer inspection it is almost nowhere. Jump in👇
This is quite the paper!
It gave 25 AI agents motivations & memory, and put them in a simulated town.
Not only did they engage in complex behavior (including throwing a Valentine’s Day party) but the actions were rated more human than humans roleplaying. https://t.co/G7oJW1S3na
Introducing: @sequoia's latest market map!
AI is rewriting what software can do. AI is also rewriting how software is made.
Maybe Copilot is just the start. What else can AI do for developers? What about devops engineers?
50,000,000+ views
187.4K followers
All in just 7 days
Here's the fascinating (and hilarious) story of how a random Fort Lauderdale auto shop blew up and went crazy viral on TikTok:
ok, after lots of testing, here is the best way I've found to create consistent characters in Midjourney.
It starts with a model, and it seems to work best with a head and shoulders portrait photo like this one. Prompts in ALT if you wanna test this out yourself
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