Robots doing parkour to improve mobility, perception logic and human-like athletic intelligence.
The application of AI powered smart robotics will impact all industries.
@MattGarrahan@paullewismoney Years ago I was behind an old lady in the queue to pay. Four bottles of whisky and four tins of salmon. That's an interesting diet, I said. Her reply: "the salmon's for the cat"
That’s because experienced thinkers can get stuck in their old ways. If you’ve got a good ear, you will be able to tell when an inexperienced person is reasoning well. Like knowing whether someone can sing, it doesn’t take a lot of time.
1/ Successful Active Investors Generally Ignore Forecasts and Predictions.
“I have no use whatsoever for projections or forecasts. They create an illusion of apparent precision. The more meticulous they are, the more concerned you should be.”
~Warren Buffett
The foundation of modern finance stands on 3 major assumptions - all wrong:
1.Investors are rational
2.Price changes are Gaussian
3.Price changes are independent
The reality: irrational/behavioral, fat-tailed, autocorrelated.
Finance needs rebuilding from the ground up.
#Investment success is hard to replicate because it can be cyclical rather than serial. One success may make a second one less probable. As Henry Kaufman put it, “There are two kinds of people who lose a lot of money: those who know nothing and those who know everything.” –HM
Scientists announced last week that they have finally cracked the wheat genome. This is incredibly exciting news — and could have a positive impact on global food security: https://t.co/q3bM824h0q