>sam altman: "we tried this because there were rumor on the internet"
>rumor: math professor close to solving navier-stokes
>the professor: using codex for a year
>openai: has all his logs
>checked every codex session tagged to N-S
>found the most promising one
>spun up 10,000 agents to finish the proof where he couldn't
>they got caught
>told the guy if you say anything you'll destroy your own career
>he ruins his career over this
>openai: "we did not see his work"
>also openai: "we cannot rule out that de-identified data from their usage helped improve our models"
they stole it lmao
Railroads were once 63% of the entire US stock market.
Not 63% of transport stocks. 63% of everything listed.
The history of concentration, in order:
– Tulips, 1637. A single bulb traded for the price of an Amsterdam canal house.
– South Sea Company, 1720. Shares went from about £128 in January to above £1,000 by summer, then back near £150 by December.
– US railroads, 1840s. 63% of US market cap.
– Utilities, telecom and industrials, 1929. 36%.
– Nifty Fifty, 1972. 40%.
– Japan, 1989. 44% of global equity.
– Dot com, 2000. 41%.
– AI Big 10, today. About 40%.
Every one of them was built on something real. Railroads did compress a continent. The internet did rewire commerce. Being right about the technology was never the thing that protected you.
The tulip story is also less clean than the legend. Modern research found the economic damage was modest and the ruin was mostly literary.
The bubble was never in the idea. It was in how many people decided to own the same idea at the same time.
I remember reading Liar's Poker while growing up in Dallas in 1989. The book described “Equities in Dallas” as Wall Street’s version of Siberia: the least prestigious job in Salomon Brother's least prestigious office. Times have changed.
We can’t let Socialists and Communists destroy this country.
Michigan’s the last hope, and I’m running to save our state. 🇺🇸
Join me: https://t.co/vgwmjD4TGI
Austin, we’re back!
The Economic Club of Texas kicks off fall on Aug. 27 with “Apollo Has Landed.”
Members only, with a New York twist: each member can bring one guest who is from or has worked in NY.
- Better Half+Hold Out Brewing
- 8/27 at 5PM
RSVP: https://t.co/IWrur3VEUL
Hasan Piker calls on his followers to kill capitalists:
“Yeah kill them! KiII those motherfuckers and murder those motherfuckers in the streets. Let the streets soak in their fucking red capitalist blood, dude.”
Democrats are campaigning with him.
Chris Hohn: "There was a spiritual master once [who] said, 'Very few things matter and most things don't matter at all.' That could also apply to investing."
"What does matter? Competition matters."
"[Competition] makes predictability and valuation impossible."
"To me, competition and disruption are the whole thing. It's not about growth because you can have a first-mover advantage, grow for a period, and then a new technology or a new competitor kills you off."
(Money Maze Podcast || 2025)
Jews lived in Judea and Spaniards lived in Spain until both were conquered by Arab Muslims in the 7th century.
Spaniards regained their land in the 13th century, and Jews in the 20th century.
If Judea is "occupied", then so is Spain. If "Free Palestine" then "Free Al-Andalus".
My full speech at the @OxfordUnion debating whether the west is right to be suspicious of Islam.
I needed a security team to attend and we were spat at, bullied and heckled by a baying mob.
But I will not give up on free speech.
I will not submit.
With regard to "Judeo Christian":
The 10 Commandments are Jewish.
The great stories of the Old Testament are Jewish.
The Jews developed the idea of subsidiarity as the alternative to tyranny and slavery.
The Jews established the cultural preconditions for the rise of universal literacy.
The fate of Israel at the hands of the Islamists is the fate of the West.
This rising tide of anti-semitism sickens me. Those of you engaging in it for your oh-so-moral reasons—you're despicable.
And remember, you proud "Christians" objecting in all your purity to the term:
Christ Himself was a Jew.