America’s top universities should abandon their long misadventure into politics, retrain their gaze on their core strengths and rebuild their reputations as centers of research and learning.
My take:
My favorite Charlie Munger story:
In 1953, Munger was 29 years old.
Recently divorced. Lost the house. Huge social stigma of divorce back then.
His 8-year-old son, Teddy, was diagnosed with cancer.
The leukemia was incurable.
No medical insurance - Munger paid for all his medical care.
Charlie would visit Teddy in the hospital every day -- and then walk the streets crying.
Teddy died at the age of 9.
Charlie was broke, divorced and just lost his child.
99.9% of people would've turned to alcohol, drugs, or suicide. (And you'd understand why)
Munger never did.
Fast forward to 52 years old, a failed surgery left him blind in one eye with the potential of going fully blind one day.
Charlie was an obsessive learner who read every book he could get his hands on.
When confronted with the possibility of going blind and no longer being able to read he said:
"It's time for me to learn braille!"
The only thing that might be more impressive than his intellect was his actions.
RIP.
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Munger on Self-Pity:
"Generally speaking, envy, resentment, revenge, and self-pity are disastrous modes of thought.
Self-pity gets pretty close to paranoia…
Every time you find your drifting into self-pity, I don’t care what the cause, your child could be dying from cancer, self-pity is not going to improve the situation. It’s a ridiculous way to behave.
Life will have terrible blows, horrible blows, unfair blows, it doesn’t matter. Some people recover and others don’t.
There I think the attitude of Epictetus is the best. He thought that every mischance in life was an opportunity to behave well. Every mischance in life was an opportunity to learn something and that your duty was not to be immersed in self-pity, but to utilize the terrible blow in a constructive fashion. That is a very good idea."
The 2-year yield is down 85 bps in the last 3 trading days (from Wed, Mar 8 close, the day Powell finished testimony).
In the last 40 years only 1 time has the 2-year declined this much over 3 days, the 1987 stock market crash.
Also last Wed the market was pricing a 80% probability of a 50bps hike.
Now, a 44% probability of NO MOVE!
We’ve seen a gazillion startups using OpenAI APIs to do “co-pilot for X”. What’s next?
Enter *physical* co-pilot! Here’s a compelling demo: you improvise by playing a “low resolution” piano, and the co-pilot compiles it real-time to Hi-Fi music! It unleashes our inner pianist.🧵
7 years ago this week @samanfarid@adamhkell@MGPancoast and I co-founded @CometLabs.
Comet was an early-stage VC firm and accelerator, backed by Baidu and Lenovo, investing in AI startups in SF/the US.
It’s hard to believe where AI and China-US relations are at today…
I signed the Harpers letter because there were lots of people who also signed the Harpers letter whose views I disagreed with. I thought that was the point of the Harpers letter.
We seem to be getting closer and closer to a situation where nobody is responsible for what they did but we are all responsible for what somebody else did.
I HATE BEING QUARANTINED
STUCK IN ONE STUPID BUILDING ALL THE TIME
I WOULD RATHER GO BETWEEN THE SAME TWO OR THREE BUILDINGS REPEATEDLY DOING THE SAME ACTIVITIES IN AN ALMOST IDENTICAL ORDER
NOW THATS LIVING
"Decisions:• If you can’t decide, the answer is no.• If two equally difficult paths, choose the one more painful in the short term (pain avoidance is creating an illusion of equality).• Choose the path that leaves you more equanimous in the long term." - @naval