Warren Buffett:
“In investing…I can look at 1,000 different companies & I don’t have to be right on every one of them or even 50 or even 25 of them. That’s an enormous advantage…”
Steve Jobs: The difference between good people and great people is 50-to-1
“I’ve always considered part of my job was to keep the quality level of people in the organizations I work with very high. I mean that’s what I consider one of the few things I can contribute individually myself — versus the team that work with — is to really try to instill in the organization the goal of having only A players.”
Steve argues this is especially important in technology where there’s a huge range between the best person and the worst person:
“In a lot of fields, the difference between, say, the worst taxicab driver and the best taxicab driver to get you across town in Manhattan might be 2-to-1. The best one will get you there in 15 minutes, the worst one will get you there in half an hour… Or the best cook and the worst cook, maybe it’s 3-to-1… But in the field that I’m in. In software in particular. The difference between the best person and the worst person is about 100-to-1 or more.”
He continues:
“The difference between a good software person and a great software person is probably 50-to-1 or 25-to-1. Huge dynamic range. And therefore, I have found — and not just in software but in almost everything I’ve done — it really pays to go after the best people in the world.”
But as Steve points out, this isn’t always easy:
“It’s very painful when you have some people that are not the best people in the world, and you have to get rid of them. But I’ve found that my job has sometimes been exactly that, to get rid of some of the people that didn’t measure up. And I’ve always tried to do it in a humane way, but nonetheless it has to be done and it’s not ever fun.”
"My algorithm has always been: You put smart people together, you give them a lot of freedom, create an atmosphere where everyone talks to everyone else. They're not hiding in the corner with their own little thing. They talk to everybody else. And you provide the best infrastructure. The best computers and so on that people can work with and make everyone partners." Jim Simons
Chinese scientists have developed,
The best shortest-path algorithm in 41 years!
A team from Tsinghua University has broken Dijkstra's "sorting barrier" - the first improvement since 1984.
Just use for a world-map 🤯
Paper - https://t.co/0AhR5O7vl4
https://t.co/a9KMVRuYGx
.@elonmusk is right again. he predicted 5x the GDP in the next 24 months and triple digit growth in 5 years.
Check this out: “On January 8, 2026, the estimate for real GDP growth was effectively doubled, jumping from a projected 2.7% to a staggering 5.4%. This revision marks one of the most significant upward adjustments in the model's history, suggesting that the American economy is not merely avoiding a recession but is currently in the midst of a high-octane expansion. “