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The second problem is that being a university professor is among the highest-paid part-time work in the world.
George Friedman • The Storm Before the Calm: America's Discord, the Coming Crisis of the 2020s, and the Triumph Beyond
Sam thought CZ might be the richest person in the world. And CZ, to the people who supplied Sam with capital, seemed vulnerable. When Forbes looked at Sam in the fall of 2021, they saw the richest person in the world under the age of thirty. When the VCs looked at Sam, they saw the guy…
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Michael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Nature’s laws do not change very much. So long as the store of human knowledge continues to expand, as it has since Gutenberg’s printing press, we will slowly come to a better understanding of nature’s signals, if never all its secrets. And yet if science and technology are the heroes of this book, there is the risk in the age of Big Data about bec
... See moreNate Silver • The Signal and the Noise: Why So Many Predictions Fail-but Some Don't
One person who was willing to risk political suicide was the visionary systems thinker Donella Meadows – one of the lead authors of the 1972 Limits to Growth report – and she didn’t mince her words. ‘Growth is one of the stupidest purposes ever invented by any culture,’ she declared in the late 1990s; ‘we’ve got to have an enough.’ In response to t
... See moreKate Raworth • Doughnut Economics: The must-read book that redefines economics for a world in crisis
The Bob Rubin trade? Robert Rubin, a former Secretary of the United States Treasury, one of those who sign their names on the banknote you just used to pay for coffee, collected more than $120 million in compensation from Citibank in the decade preceding the banking crash of 2008. When the bank, literally insolvent, was rescued by the taxpayer, he
... See moreNassim Nicholas Taleb • Skin in the Game: Hidden Asymmetries in Daily Life
In 2020, Avital Balwit had won a Rhodes Scholarship and turned it down, first to run Carrick Flynn’s congressional campaign and then to give away FTX’s money. Leopold Aschenbrenner, who had entered Columbia University at the age of fifteen and graduated four years later as class valedictorian, had just declined a spot at Yale Law School to work for
... See moreMichael Lewis • Going Infinite: The Rise and Fall of a New Tycoon
Former Fed chairman Ben Bernanke may be correct that these measures averted an economic collapse worse than the Great Depression. But they worked largely by further exacerbating income and wealth inequality, something that did not happen in the years following 1929. And they rendered the economy dependent on ever-higher doses of stimulus—leaving it
... See moreNeil Howe • The Fourth Turning Is Here: What the Seasons of History Tell Us about How and When This Crisis Will End
Ethan Mollick • Article
It took only a couple of weeks of working for Sam before Caroline Ellison called her mother and sobbed into the phone that she’d just made the biggest mistake of her life. She’d first met Sam at Jane Street, in the summer before her senior year at Stanford, after he’d been assigned to teach her class of interns how to trade. “I was kind of, like, t
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