As an investor, you don’t want to concentrate your bets — you want diversification, so you’re protected in different economic environments. That’s why alternative assets like gold are so valuable in balancing your portfolio. @profgalloway
FT Exclusive: Jensen Huang has warned that China will beat the US in the artificial intelligence race, thanks to lower energy costs and looser regulations.
Read more from his interview with the Financial Times: https://t.co/xrjtiTvbJt
Charlie Munger: “[With reading], you can take in so much, and you can take it in on your own time schedule.”
“It's just God's gift. If you're into self-education, there's nothing like reading. And, of course, people who do a lot of it have an enormous advantage.”
In case you missed my latest @Reddit AMA, I wanted to share a few of my favorite questions here, along with my responses. I hope you find them valuable — and I so appreciate those of you who take the time to exchange with me across social media.
It is harder to run an idea meritocracy in which disagreements are encouraged than a top-down autocracy in which they are suppressed. But when believable parties to disagreements are willing to learn from each other, their evolution is faster and their decision making is far better.
The key is in knowing how to move from disagreement to decision making. It is important that the paths for doing this are clear so that who is responsible for doing what is known. #principleoftheday
Be wary of relying on anything else. Unfortunately, numerous tests by psychologists show that the majority of people follow the lower-level path most of the time, which leads to inferior decisions without their realizing it. As Carl Jung put it, "Until you make the unconscious conscious, it will direct your life and you will call it fate." It's even more important that decision making be evidence-based and logical when groups of people are working together. If it's not, the process will inevitably be dominated by the most powerful rather than the most insightful participants, which is not only unfair but suboptimal. Successful organizations have cultures in which evidence-based decision making is the norm rather than the exception. #principleoftheday
Reality exists at different levels and each of them gives you different but valuable perspectives. It's important to keep all of them in mind as you synthesize and make decisions, and to know how to navigate between them. #principleoftheday
Twitter users:
🇺🇸 USA: 95.4 million
🇯🇵 Japan: 67.5 million
🇮🇳 India: 27.3 million
🇧🇷 Brazil: 24.3 million
🇮🇩 Indonesia: 24 million
🇬🇧 United Kingdom: 23.2 million
🇹🇷 Turkey: 18.6 million
🇲🇽 Mexico: 17.2 million
🇸🇦 Saudi Arabia: 15.5 million
🇹🇭 Thailand: 14.6 million
🇵🇭 Philippines: 10.5 million
🇫🇷 France: 10 million
🇪🇸 Spain: 8.75 million
🇨🇦 Canada: 7.9 million
🇩🇪 Germany: 7.75 million
🇰🇷 South Korea: 7.2 million
🇦🇷 Argentina: 5.9 million
🇪🇬 Egypt: 5.15 million
🇲🇾 Malaysia: 4.4 million
🇨🇴 Colombia: 4.3 million
🌎 World: 450 million