@patrick_oshag https://t.co/zUvRVxxni0
"""
... all the winners in the AI space will have data moats.
A “data moat” is, in a nutshell, having access to some data that others do not have access to.
You need a data moat to differentiate yourself in the LLM world.
"""
I've just posted my first update since joining Sourcegraph six months ago, "Cheating is All You Need". In it I introduce AI-backed coding assistants, which are the biggest change I've seen in 35 years as an engineer. Enjoy! https://t.co/5Q4ismDLya
@jwmares Angel investing was an established practice. YC scaled it up and professionalized it. I don't see anything uninvestable there. They took a robust flame and poured gasoline on it.
@jim_rutt This emerged with smartphones, namely the iPhone. An App was a smaller, less capable version of a Desktop program.
I would say the best distinction is that an App runs on a mobile device, with the concomitant I/0, UX, etc. constraints, whereas a program runs on a PC/laptop.
@financequant@nntaleb Market timing? Buying only when market meets some criterion of statistical cheapness?
The most important thing for a conservative layman is to have a system that is easy to follow. Dollar-cost averaging meets this criterion by simplifying execution to the extreme.
@financequant@nntaleb Question was what are a couple alternatives to dollar cost averaging for an investor who has chosen to invest solely in index funds? Not looking for one-size-fits-all answer, nor am I asking for actual investment advice. ;)
@financequant@nntaleb You follow Warren Buffett's advice and decide to invest ~100% of your investable capital into low-cost index funds. You buy with all your savings in a lump sum, and now it's time to decide on how to invest going forward from your revenue stream.
What's the alternative to DCA?
@yminsky This conversation is a treasure trove. A really frank and spirited analysis of the interdependence of software and documentation, and the value of writing in general. I will be mining the transcript for wisdom!
Hard to imagine a more ideal writer-in-residence than James.