Maxim Broadcast

To know what is valuable, to know how to get value, and to put that knowledge into its logical actions.
Crypto 2015

[Maxim Broadcast @maximbroadcast]

@MacDotKenzie https://t.co/zZyRoiZI3l

[Peter Mallouk @PeterMallouk]

The S&P 500 is now up 71% and has hit 88 all-time highs since Michael Burry said ‘Sell.’

[Maxim Broadcast @maximbroadcast]

Well given Auston Martin isn’t a thing, it is hard to answer 😁

But assuming Aston Martin,
the Vantage AMG may be the more reliable drivetrain of those, mainly as has Mercedes-Benz drivetrain,
and least expensive maintenance from more widely available drivetrain parts, oil filters etc.

Can change oil without removing large underside panels; less common for Austin.
One oil drain plug (which sounds odd to say, but for example, I think Aventador has 8+ oil drain plugs!)
More accessible maintenance, so lower costs, especially if not taking to Aston Martin for service.

Also, I’m certain of course OP was not hyperbole, and my pedantical response is a good use of mine and everyone else’s time 😅

[Naval @naval]

Make God your only boss.

[Maxim Broadcast @maximbroadcast]

https://t.co/1RrW3im5cq

[Startup Archive @StartupArchive_]

Elon Musk explains his 5-step algorithm for running companies

“First, make your requirements less dumb. Your requirements are definitely dumb… It’s particularly dangerous if a smart person gave you the requirements because you might not question them enough.”

In this interview at Starbase, Elon elaborates on his methodology for shipping everything from electric cars to rockets.

Here’s his “algorithm” quoted in full from the Walter Isaacson biography:

1. Question every requirement. Each should come with the name of the person who made it. You should never accept that a requirement came from a department, such as from "the legal department" or "the safety department." You need to know the name of the real person who made that requirement. Then you should question it, no matter how smart that person is. Requirements from smart people are the most dangerous, because people are less likely to question them. Always do so, even if the requirement came from me. Then make the requirements less dumb.

2. Delete any part or process you can. You may have to add them back later. In fact, if you do not end up adding back at least 10% of them, then you didn't delete enough.

3. Simplify and optimize. This should come after step two. A common mistake is to simplify and optimize a part or a process that should not exist.

4. Accelerate cycle time. Every process can be speeded up. But only do this after you have followed the first three steps. In the Tesla factory, I mistakenly spent a lot of time accelerating processes that I later realized should have been deleted.

5. Automate. That comes last. The big mistake in Nevada and at Fremont was that I began by trying to automate every step. We should have waited until all the requirements had been questioned, parts and processes deleted, and the bugs were shaken out.

Elon shares a costly example of doing this process in reverse on the Tesla Model 3 production line and optimizing a part that didn’t even need to exist.

“It’s possibly the most common error of a smart engineer to optimize a thing that should not exist. Everyone’s been trained in high school and college that you answer the question — convergent logic. You can’t tell the professor your question is dumb or you’ll get a bad grade. You have to answer the question. So everyone, without knowing, basically has this mental straight jacket on and they’ll work on optimizing the thing that should simply not exist.”

Video source: @Erdayastronaut (2021)

[Maxim Broadcast @maximbroadcast]

@MikeDeanLive 🔥
https://t.co/M5ktHgCWtn

[Maxim Broadcast @maximbroadcast]

@piteasio 🤝

[Maxim Broadcast @maximbroadcast]

@GenuineRealMoe Thanks Moe! 😁

[Maxim Broadcast @maximbroadcast]

@piteasio 🤝

[Maxim Broadcast @maximbroadcast]

@Crazy4Bigtunes Thanks Crazy 🙂

[Maxim Broadcast @maximbroadcast]

"I love you wife, the neighbors wife, and that person I've never met or heard of... all... equally...
because as the Pope himself says, "Jesus doesn't ask us to rank our love for others""...
---

If love doesn't mean something like "value more",
value more than something or someone else, it is meaningless.
If love isn't a representation of a hierarchy, a "rank",
it is meaningless.
This applies to "others" as much as anything else.

[Maxim Broadcast @maximbroadcast]

@TantoNomini FlexNet holders:
https://t.co/AalzYOYu3P

[Maxim Broadcast @maximbroadcast]

I humbly agree.
I think traders should know what apophenia is, or at least be aware of the natural bias most humans have towards pattern recognition.
Apophenia: "The propensity to mistakenly detect patterns or connections between unrelated events, objects, or occurrences."

Very interesting video by @AdamHGrimes that I think helps make this real:

https://t.co/7PXsC9yjgv

Adam blindly draws random horizontal lines on a chart,
then shows how much even random can LOOK predictive/effective.

[Maxim Broadcast @maximbroadcast]

@TantoNomini Looking forward to seeing what this is. 🤝

[Lyn Alden @LynAldenContact]

After utterly massive outperformance in the years and decades prior, Warren Buffett's Berkshire Hathaway is about even with simply owning gold since 1998, or about 27 years ago.

[Maxim Broadcast @maximbroadcast]

@martypartymusic Not obvious to me what would this mean for "decentralized" algorithmic stable coins like DAI or Liquity forks..

[Maxim Broadcast @maximbroadcast]

@stevedefi7 😂

[Maxim Broadcast @maximbroadcast]

@b_leo81703 @GenuineRealMoe That is kind Leo, thanks 🙂

[Maxim Broadcast @maximbroadcast]

@ColinTCrypto That polymarket isn’t nesesarily intuitive. Their defition of QE is pretty inclusive IMHO.