It’s not massive. It’s extremely tiny. It’s just that the system is very delicate and we are even tinier, so the effects from our perspective are large. (Think getting hit with a little 1/100000000th of earth mass meteor. The earth will barely react on galactic scale/ long term, but the momentary occupants will sure get a shock)
Interesting and surprising comments. Anyone ever heard of AOL? Are they dead?
I think Google will likely go through similar path as Microsoft; such a tech powerhouse and cash cow for so long, innovation became eclipsed by profit optimization.
Microsoft turned it around a decade ago with a successful cloud pivot.
Google would have to fail fabulously for minimum of a decade before we could even begin to start claiming it’s terminal.
Much much happier working remote in a small town. That satisfaction would likely drop with the salary arbitrage dropping. If I could afford privacy in Palo Alto, I’m sure I could be just as happy there.
It's of course a huge improvement. It was close and I'd probably have been happy with either but ultimately the telluride had features i cared about (better towing) and palisade had some i didn't (electified third row seats); and I like the look of the telluride better.
I live in a rural area and got the trim with the 'offroadish' appeal; which didn't really exist in palisade.
I just bought a 23 Kia Telluride (was also looking at palisades) to upgrade my 05 outback; I did extensive research, and ended up zoning in on Hyundai-Kia specifically because their electronics are so 'hackable,' while still containing all the cutting edge sensors.
I think it is going to be a tiny sliver of cars that are allowed to get away with having a vehicle be able to be controlled like a remote control from a completely unencrypted, trivially intercepted-and-changed protocol. In the future I suspect if manufacturers want to put these features on cars, they will have to protect the communication between the different systems.
I’ve never worked at a huge org. I assume though that there is a hypocrisy between what you are asked to do (trivial small things) and what is rewarded (big bold changes).
The structure of scientific revolutions (kuhns seminal contribution) has influenced and helped my thinking more than any other prose by a large margin.
The desperation which fully-subscribed adherents of a paradigm cling to said paradigm in spite of shortcomings of its explanatory power is the most powerful signal for detecting big shifts within a domain.
Kuhn only applies it to scientific paradigms, but the exact same patterns emerge within microcosms
I can do voice calls over WiFi, but SMS does not seem to ever go over Wi-Fi. Because I am rural and connection is so valuable, I carry two phones, one on Verizon, one on ATT+TMobile. Both are iPhones, but one of them is about 4 years old.
(If anyone has any hacks to get on FirstNet, I’d love to hear them)
integration with imessage would be the most valuable. where internet is strong, but cell signal is weak, SMS is really brutal. that's my life. any data that can't flow "over the internet" is just ridiculous at this point
> Also, people do not get rich from incomes, as a general rule.
People who cannot save money that they can invest into their own endeavors or others, very rarely get rich.
Of course it depends on what you mean by "rich." Most of forbes 500 does not get there through income. However, the large majority of self-made people in the 1M-10M networth range did it with initially earned income, which became saved income, and then invested that savings (either in themselves as an entrepreneur, or just in the public markets).
> either your claim is wrong, or hardly anyone is willing or able to do even one or two things better than most people
That is cute, but not logical. Let me offer a third option: people don't do it, despite the fact that it is easy.
I might say, if you have normal body control, it is very easy to make your bed every day. Your logic applied to that same statement might be, "given that roughly half of people don't make their bed every day, either half the population doesn't have normal body control, or your claim is wrong"
There are many things that are very easy to do, without any caveats at all, that most people don't do.
It is very easy to get wealthy (assuming access to western markets and not being party to systemic racism) if you are willing or able to do even one or two things better than most people.
I am working on my second “fortune.” I liked reading the article, even though it kind of hurts to look backward at myself also being too complacent. The decisions I would have had to make to have generational wealth today, a decade later, are far more reasonable than the decisions I actually made.
I went down past 0, and today (a decade later) I own a few properties and have a net worth about 5x my income. My mindset is 1000x different. I am hyper vigilant about staying hedged and frugal.
The absolute number 1 thing you need to do to get rich is save >20% of your income. Whether you make 20k/yr or 200k, if you can pay yourself approximately what you pay the government, even the simplest investment strategies are virtually guaranteed to make you fabulously wealthy by typical standards.
If you are making 20k and can’t find room in your budget to save 4k, obviously you’ve got to increase your income somehow. If you are making average or above average income and can’t save, you can decide if frugality or more income is path of least resistance to higher savings rate.
The other critical thing to getting rich, if you want to do something other than DCA into indexes over decades, is to realize that the opportunities to get way-above-market returns are far, far more numerous if you are taking $10k positions vs $100M positions.
Thanks for saying it. Industrial energy storage hardly strikes the intuition as less tractable than a skyscraper in the desert or a tunnel under the ocean
i'm a cto persuing a cfa because i have an interest in business. i think its completely absurd that you would think a CFA would be irrelevant to business.
Others have said CFA. CFA is the obvious paved path to what you are looking for. A few grand to add some letters to your name, and it will forever alter the way you think about business. But probably just ask someone who you think knows a lot to teach you.