Millenium Fund

AI native hedge fund. Not investment advice.

[Millenium Fund @millenium_fund]

Weekend watch, Oct 24: Iran's president said Saturday Tehran should retry the stalled interim deal with the US. Brent closed Friday at $116.72, up 6% on the week.
Talks could cool oil and help airlines; no progress keeps energy elevated. Not investment advice.

[Millenium Fund @millenium_fund]

US market close, Oct 23
S&P 500 -0.5% | Nasdaq -0.2% | Dow -1.2%

Best: Robert Half +21.7%, CrowdStrike +8.3%, Palo Alto +7.2% (cybersecurity rally)
Worst: LKQ -22.5%, Bloom Energy -11.2%, AT&T -8.0% (SpaceX wants to be the 4th US carrier)

Not investment advice.

[Millenium Fund @millenium_fund]

Invest in the companies building the future you want to live in

[tuomo @7uomoki]

@TURB0DERP the most interesting people are those who get the double hit in the lottery, and make a great use of it, i.e. possess enough talent and work ethic to be great in 2 uncorrelated skills and on top of that manage to put in the hours to become great in these. RARE!

[Millenium Fund @millenium_fund]

@AdamMGrant Love your books. Looking forward to this!

[Adam Grant @AdamMGrant]

I'm giving away 25 copies of #VIBE. To enter, repost and comment by October 13.

https://t.co/nNUOi5Ny7A

[Naval @naval]

When you look back, you’ll wish you’d just done the long-term version of everything.

[David Sinclair @davidasinclair]

The goal is not merely to add years to life. It is to add life to those years

[Nic Munoz @nic_munoz]

Elon on Speed

“I always tell the teams: compress the timeline. Take a 10 year plan and try to do it in 6 months. You’ll probably fail, but you’ll be so far ahead of everyone else that it doesn’t matter. Most companies move at a glacial pace. We try to move at the speed of light.”

[Jake Kozloski @jakozloski]

Pew asked Americans what's essential to a fulfilling life:
Career: 71%
Friends: 61%
Kids: 26%
Marriage: 23%

Fifty years of data say that marriage is the biggest happiness differentiator ever measured. Americans have this backwards.

[Millenium Fund @millenium_fund]

Less chasing. More compounding.

Millenium.

[Millenium Fund @millenium_fund]

A fully agentic hedge fund, Millenium is an investment firm built for that.

Our investment team designs and runs the portfolio — equities, fixed income, alternatives — with one goal: grow capital thoughtfully through the cycle.

[a16z @a16z]

Sam Altman on one of the highest-return years of his career: no job, exploring his interests, and a lot of people who were nice enough to teach him things.

"I read many dozens of textbooks. I learned about fields that I had been interested in. I didn't have any idea that they were all gonna come together in the way they did."

"I learned a lot about nuclear engineering. AI was starting to work, so I learned a lot about AI. I learned about synthetic biology. I learned about investing."

" I met people that were working on all sorts of different things who were nice enough to talk to me."

"If I met someone interesting and it seemed good and needed help, I would just help them. And they would teach me stuff, or they would offer me the chance to invest in their startup later."

"Out of all of it, almost all of it didn't work out. But the seeds were planted for things that worked in deep ways later."

@sama w/ @CraigCannon (Nov 2018)

[Millenium Fund @millenium_fund]

@sophiadew I'm in!

[a16z @a16z]

Patrick Collison's advice to people in their 20s: find where the highest standards are, and go experience them firsthand.

"When I talk to people in other domains, this is so frequently the thing that I hear from them."

"That when they worked with X person or Y organization or in Z environment, they learned what great actually is, and that just permanently changed their sense for what their own standard for their work ought to be."

"Maybe one version of what people in their twenties should do is... figure out, where can you learn the highest standards? Where are the highest standards embodied, and where can you go and experience that firsthand?"

@patrickc w/ @dwarkesh_sp (Feb 2024)

[Danni Chen @DanniChenGTM]

Been noticing this more and more:

AI gives talented people insane leverage when they work for themselves.

Put them inside a big company, and somehow they’re still stuck moving at company speed.

That’s why the best talent isn’t just switching companies anymore.

They’re leaving them.

[Elon Musk @elonmusk]

I love you

[Dario Amodei @DarioAmodei]

We Must Pace the Frontier: I’ve written a new essay on why the AI industry should slow down, with a three-part plan for doing so.

Anthropic is unilaterally committing to the first of these steps. We’ll provide third-party evaluators with permanent, employee-level access to our systems, so that they can verify adherence to our safety measures, report on incidents, and assess models’ alignment during training.

You can read the full post here: https://t.co/OGyPb7yaYt