Lackshu Bala - Every day is a gift

Data tech bloke who's into books and tech. A dog/cat person. Any opinions expressed are my own. Also, I admit that I could be wrong.

[Lackshu Bala - Every day is a gift @lackshu]

@robbysoave Opinion columnist sums it up...

[Lackshu Bala - Every day is a gift @lackshu]

@AvidCommentator Agreed. Populism is going to sweep through the country because politicians in major parties are clueless.

[Bjorn Lomborg @BjornLomborg]

20 years ago, An Inconvenient Truth put climate change at the center of global debate, shaping politics, influencing leaders, and inspiring a generation of activists.

Two decades later, we can assess not just its impact, but its accuracy. Many of the film’s most alarming predictions did not materialize, while many of the policies it inspired have proven costly and ineffective.

The lesson? Panic is a poor guide for public policy. Focusing on innovation, adaptation, and economic development can do far more to help both people and the climate—at a fraction of the cost.

https://t.co/EIJyuNeFU1

[Karl Popper Quotes @QuotePopper]

"Western civilization is, in spite of all the faults that can quite justifiably be found with it, the most free, the most just, the most humanitarian and the best of all those we have ever known throughout the history of mankind. It is the best because it has the greatest capacity for self-criticism, and so, for improvement."

—Karl Popper, In Search of a Better World.

[Lackshu Bala - Every day is a gift @lackshu]

@marquisau @ronInBendigo @David_McMahon75 That's not the point. You're shifting the goal post. The point is young people do invest their income to be able to buy a home later. Also, how do you know whether he rented or not? He could've been in another city.

[Zara Zhang @zarazhangrui]

If you've adopted AI at your company but haven't seen any tangible results, read this 1990 article: "The Dynamo and the Computer" by Paul David.

When electricity first arrived, factories that "adopted" it barely got faster. They just swapped the steam engine for an electric one and ran everything else exactly as before: same machine layout, same workflow, same management. Electricity in, no real gains out.

The most common mistake with any new technology is to drop it into the old organization and then declare the transformation done.

The real leap came decades later, when each machine got its own small motor. Suddenly machines no longer had to be lined up around one central drive shaft. They could be rearranged around the actual flow of work.

The productivity gains didn't come from electricity. They came from REDESIGNING THE ENTIRE FACTORY around it.

AI is the same. Bolting it onto your existing process gets you a faster steam engine. The payoff comes when you redesign the work itself.

(link to paper in comments)

[Lackshu Bala - Every day is a gift @lackshu]

@shaneparrish @bgurley Looking forward to listening to this convo.

[Daniel Friedman @DanFriedman81]

I cannot believe this idiot and his 45 collaborators spent two years coming up with the idea that rich countries should give poor countries all their money because climate change.

It’s the stupidest thing I have ever seen. It’s the kind of nonsense policy that would come out of a middle school model UN. Piketty is so dumb he doesn’t even seem to understand how much he has embarrassed himself.

Somebody pays this man and his friends to think, and they got ripped off. But this kind of slop is taken seriously in the community of tenured academics, which means they’re all stupid too.

I hope that putting this out into the world this way will draw attention to the ridiculousness of Piketty and the whole ecosystem in which he operates.

[Lackshu Bala - Every day is a gift @lackshu]

@PaulineHansonOz One Nation is the only hope at this point. My only advise is to get capable advisors with proven track record.

[Lackshu Bala - Every day is a gift @lackshu]

@TMFScottP It feels like a long hold. Tech sounds plausible. Revenue is questionable until robotics take off and the space exploration portion extends to mining. AI will be okay for mid-term but until more use cases are taken up by businesses...it's going to be hard to see money like that.

[Lackshu Bala - Every day is a gift @lackshu]

@DrewHutton45645 Rising crime.
Economic mismanagement
Reduced opportunities as businesses exit due to economic mismanagement
Playing Russian roulette with public safety.
Growing public sector which adds to red tape and inefficiencies.

It's mind boggling.

[Lackshu Bala - Every day is a gift @lackshu]

https://t.co/yXErPz6lLA
Great chat!

[Milton Friedman Quotes @MiltonFriedmanW]

Milton Friedman: “I am not a conservative. I’ve never been a conservative. Hayek was not a conservative.”

“We are liberals in the true meaning of that term: concerned with freedom. We are not liberals in the current distorted sense—those liberal with other people’s money.”

[Lackshu Bala - Every day is a gift @lackshu]

@ronInBendigo Thanks to an incompetent cabinet and PM.

[Lackshu Bala - Every day is a gift @lackshu]

@HistoryBoomer 😁

[Lackshu Bala - Every day is a gift @lackshu]

@DrCameronMurray Inflation already does the job.

[Lackshu Bala - Every day is a gift @lackshu]

@DrCameronMurray No. That's why the idea of govt setting the minimum wage is outdated.

[Marko Matvikov @MarkoMatvikov]

Jacinta Allan is the least popular premier in the country and among the least popular political leaders across all jurisdictions in this nation’s history.

This confected outrage has nothing to do with sexism and is just another desperate attempt to deflect from her ongoing failures - in keeping with her despicable character.

And while this vile career politician plays victim over a mobile billboard, her policies have led to countless actual innocent victims whose suffering should not be in vain.

[Lackshu Bala - Every day is a gift @lackshu]

@Jason @TonyRobbins JCal, Why oh why? 😅
To be honest he has given many people hope and self-belief.

[Lackshu Bala - Every day is a gift @lackshu]

@BernieSanders Something like Invest America makes a whole lot more sense than your nonsense.

[Lackshu Bala - Every day is a gift @lackshu]

@BernieSanders Go buy the stocks during or after the IPO like a decent person. This is not USSR, Bernie.