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in 1996, a young options trader named Nassim Taleb realized that the smartest financial engineers on wall street were actually building massive ticking time bombs to explain why the smartest minds on earth were guaranteed to eventually go bankrupt, he used the brutal reality of the thanksgiving turkey: "think...

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ludoonchart

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191,360 次观看 • 3 个月前 •via X (Twitter)

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before Nassim Taleb made his fortune shorting the 2008 collapse, an old veteran on the trading floor gave him a terrifying warning "he grabbed me, pointed to a guy across the room and said: 'you see ed over there? he made $7 million in 7 years... and he just lost it all in exactly 7 seconds'" that was the exact moment Taleb realized that 99% of wall street was playing a rigged game of russian roulette "average funds hide their risk to look smart - they make small, steady profits every single day, completely blind to the fact that one rare event will eventually wipe out their entire existence" "we do the exact opposite - we take tiny, calculated losses every day, and position our entire portfolio to make billions the second the system completely breaks" Taleb didn't build his empire by trying to predict the market. he built it by assuming everyone else is fragile, and waiting for the inevitable hurricane to destroy them watch his legendary stanford masterclass where he breaks down this exact realization
52:18

before Nassim Taleb made his fortune shorting the 2008 collapse, an old veteran on the trading floor gave him a terrifying warning "he grabbed me, pointed to a guy across the room and said: 'you see ed over there? he made $7 million in 7 years... and he just lost it all in exactly 7 seconds'" that was the exact moment Taleb realized that 99% of wall street was playing a rigged game of russian roulette "average funds hide their risk to look smart - they make small, steady profits every single day, completely blind to the fact that one rare event will eventually wipe out their entire existence" "we do the exact opposite - we take tiny, calculated losses every day, and position our entire portfolio to make billions the second the system completely breaks" Taleb didn't build his empire by trying to predict the market. he built it by assuming everyone else is fragile, and waiting for the inevitable hurricane to destroy them watch his legendary stanford masterclass where he breaks down this exact realization

ludoonchart

142,964 次观看 • 3 个月前

Nassim Taleb built his fortune by realizing that to survive wall street, you must be perfectly comfortable looking like an absolute idiot speaking to microsoft's top engineers, he shared the exact math from 1987 that built his empire: "it started with the crash in 1987. i realized that if you position for a massive 20-sigma event, your portfolio is so mathematically convex that you could literally wait 400 years for it to happen again, and you would still be okay" "so i told myself i will only specialize in extreme events. you sit there and wait 3, 4, 5 years. everybody on the trading floor tells you you're an idiot. they tell you you're not profitable" "and then suddenly the crash happens. the crowd blows up, they completely disappear, and you take absolutely everything" watch his full 1-hour microsoft masterclass on the math of extreme risk
1:03:49

Nassim Taleb built his fortune by realizing that to survive wall street, you must be perfectly comfortable looking like an absolute idiot speaking to microsoft's top engineers, he shared the exact math from 1987 that built his empire: "it started with the crash in 1987. i realized that if you position for a massive 20-sigma event, your portfolio is so mathematically convex that you could literally wait 400 years for it to happen again, and you would still be okay" "so i told myself i will only specialize in extreme events. you sit there and wait 3, 4, 5 years. everybody on the trading floor tells you you're an idiot. they tell you you're not profitable" "and then suddenly the crash happens. the crowd blows up, they completely disappear, and you take absolutely everything" watch his full 1-hour microsoft masterclass on the math of extreme risk

ludoonchart

420,720 次观看 • 3 个月前

Nassim Taleb built his empire by realizing that the modern obsession with safety and stability is exactly what gets you killed in the real world in a deep-dive interview, he dropped a brutal reality check on why trying to eliminate stress from your life or your portfolio is the ultimate trap: "i use the metaphor of a cat versus a washing machine. a washing machine is mechanical-it will never self-heal. but a cat is organic, and it absolutely requires disorder to survive" "if you don't have enough disorder and stress hitting your system, your bones literally become brittle. a massive share of what we call aging and decline actually just comes from pure atrophy and a lack of stress" "the crowd always tries to eliminate the 'boom and bust' cycle. they want a completely predictable world. if they were in charge of nature, they would eliminate the seasons and make the weather perfectly flat year-round" "but what looks on the surface to be completely stable and unchanging is actually incredibly fragile. depriving an organic system of disorder is exactly what destroys it" bookmark and watch his full interview breaking down the absolute necessity of stress
22:19

Nassim Taleb built his empire by realizing that the modern obsession with safety and stability is exactly what gets you killed in the real world in a deep-dive interview, he dropped a brutal reality check on why trying to eliminate stress from your life or your portfolio is the ultimate trap: "i use the metaphor of a cat versus a washing machine. a washing machine is mechanical-it will never self-heal. but a cat is organic, and it absolutely requires disorder to survive" "if you don't have enough disorder and stress hitting your system, your bones literally become brittle. a massive share of what we call aging and decline actually just comes from pure atrophy and a lack of stress" "the crowd always tries to eliminate the 'boom and bust' cycle. they want a completely predictable world. if they were in charge of nature, they would eliminate the seasons and make the weather perfectly flat year-round" "but what looks on the surface to be completely stable and unchanging is actually incredibly fragile. depriving an organic system of disorder is exactly what destroys it" bookmark and watch his full interview breaking down the absolute necessity of stress

ludoonchart

64,220 次观看 • 3 个月前

Nassim Taleb, options trader and author of "The Black Swan": "Wall Street pays $500K for a five-year track record. I traded options for two decades and watched records like that vanish in a single afternoon." the article above is about telling a real edge from luck. taleb built his whole career and his books on one warning: a track record is the weakest evidence there is. a trader can win every single day for years and still be sitting on a hidden risk. the five good years don't prove skill, they just haven't met the one bad day yet. that is the entire "fooled by randomness" trap, dressed up as a resume. and you only ever see the survivors. for every rich trader with a spotless record, thousands ran the same reckless bet and quietly blew up. the graveyard is silent, so the lucky fool looks like a genius. none of this is new, taleb has said it for 25 years and the talk is free. same point as my article: a winning streak is not evidence. here is the edge, and it isn't a hot record. it's surviving. sizing so your one bad day can't erase you, and staying skeptical of your own success while everyone else worships theirs.
50:03

Nassim Taleb, options trader and author of "The Black Swan": "Wall Street pays $500K for a five-year track record. I traded options for two decades and watched records like that vanish in a single afternoon." the article above is about telling a real edge from luck. taleb built his whole career and his books on one warning: a track record is the weakest evidence there is. a trader can win every single day for years and still be sitting on a hidden risk. the five good years don't prove skill, they just haven't met the one bad day yet. that is the entire "fooled by randomness" trap, dressed up as a resume. and you only ever see the survivors. for every rich trader with a spotless record, thousands ran the same reckless bet and quietly blew up. the graveyard is silent, so the lucky fool looks like a genius. none of this is new, taleb has said it for 25 years and the talk is free. same point as my article: a winning streak is not evidence. here is the edge, and it isn't a hot record. it's surviving. sizing so your one bad day can't erase you, and staying skeptical of your own success while everyone else worships theirs.

Rossst.03

78,088 次观看 • 2 个月前

Nassim Taleb just delivered a brutal reality check on how the modern world actually functions. speaking at a recent conference, he destroyed the archaic models taught in universities and broke down the ruthless new rules of the economy: "what is unhealthy is when people become powerful and what do we have now? techno-feudalism. the winner takes all. it's getting sticky at the top, and that completely destroys competition." "governments want to close borders and have a museum state, but they also want economic growth. you want to eat the cake, but you want to lose weight. there is no ozempic for economies." "the only people who care about the legacy media are people who are either in a wheelchair or in politics. anyone under thirty has no idea what the evening news is. they've lost control of the narrative." Taleb didn't build his reputation by sugarcoating reality. he is flat-out warning the crowd that if you rely on outdated textbooks to understand this new era, you will simply be crushed by it. bookmark and watch his raw breakdown of our broken system
28:52

Nassim Taleb just delivered a brutal reality check on how the modern world actually functions. speaking at a recent conference, he destroyed the archaic models taught in universities and broke down the ruthless new rules of the economy: "what is unhealthy is when people become powerful and what do we have now? techno-feudalism. the winner takes all. it's getting sticky at the top, and that completely destroys competition." "governments want to close borders and have a museum state, but they also want economic growth. you want to eat the cake, but you want to lose weight. there is no ozempic for economies." "the only people who care about the legacy media are people who are either in a wheelchair or in politics. anyone under thirty has no idea what the evening news is. they've lost control of the narrative." Taleb didn't build his reputation by sugarcoating reality. he is flat-out warning the crowd that if you rely on outdated textbooks to understand this new era, you will simply be crushed by it. bookmark and watch his raw breakdown of our broken system

ludoonchart

78,773 次观看 • 3 个月前

Ron Baron is the most ruthless long-term predator on Wall Street while average traders panic sell for a 20% gain, he waits a decade and walks away with $8 billion in pure profit "it took me four years of visiting Elon Musk just to get convinced. average guys buy a stock and check the price 10 times a day - i watched Tesla triple, completely missed the rally, and then dumped $400 million in it when i knew for a fact it was going to change the world." "the crowd is obsessed with taking tiny profits off the table - we held our position through absolute hell, and turned that initial check into $8 billion" "now everyone is fighting over generic AI stocks - we are dumping billions into Spacex because we are completely convinced it will become a $30 trillion empire and the single largest company in human history" Baron didn't build a $55 billion fund by trading the daily news cycle or listening to analysts. he built it by finding generational visionaries, buying a massive stake, and completely ignoring the noise for 10 years watch his brand new interview breaking down why he is betting everything on Spacex
7:56

Ron Baron is the most ruthless long-term predator on Wall Street while average traders panic sell for a 20% gain, he waits a decade and walks away with $8 billion in pure profit "it took me four years of visiting Elon Musk just to get convinced. average guys buy a stock and check the price 10 times a day - i watched Tesla triple, completely missed the rally, and then dumped $400 million in it when i knew for a fact it was going to change the world." "the crowd is obsessed with taking tiny profits off the table - we held our position through absolute hell, and turned that initial check into $8 billion" "now everyone is fighting over generic AI stocks - we are dumping billions into Spacex because we are completely convinced it will become a $30 trillion empire and the single largest company in human history" Baron didn't build a $55 billion fund by trading the daily news cycle or listening to analysts. he built it by finding generational visionaries, buying a massive stake, and completely ignoring the noise for 10 years watch his brand new interview breaking down why he is betting everything on Spacex

ludoonchart

105,061 次观看 • 3 个月前

Ken Griffin just explained exactly why you keep losing money when asked how Citadel made the biggest profit in wall street history during the 2022 crash - he exposed the cold truth: "in 2022 the market crashed 20% and regular investors got wiped out - we didn't panic, we just ran the math and walked away with $16 billion in pure profit" "people sit at home drawing lines on charts hoping to guess the next big trend - we spend $1 billion a year on computers that execute 7 million trades a day" "we don't care if a company is good or bad - we execute 20% of all us volume every single day just scooping up the pennies that retail traders drop out of fear" Griffin didn't build a $60 billion empire by predicting the future. He built it by exploiting the fear and greed of regular people with cold, ruthless speed bookmark and watch him break down the reality of the game
44:50

Ken Griffin just explained exactly why you keep losing money when asked how Citadel made the biggest profit in wall street history during the 2022 crash - he exposed the cold truth: "in 2022 the market crashed 20% and regular investors got wiped out - we didn't panic, we just ran the math and walked away with $16 billion in pure profit" "people sit at home drawing lines on charts hoping to guess the next big trend - we spend $1 billion a year on computers that execute 7 million trades a day" "we don't care if a company is good or bad - we execute 20% of all us volume every single day just scooping up the pennies that retail traders drop out of fear" Griffin didn't build a $60 billion empire by predicting the future. He built it by exploiting the fear and greed of regular people with cold, ruthless speed bookmark and watch him break down the reality of the game

ludoonchart

382,262 次观看 • 3 个月前

Ken Griffin's ultimate rule for survival is brutally simple when asked how Citadel survived a near-death experience in 2008 to become a $60 billion empire - he dropped pure reality: "we lost 50% of our capital and our flagship fund was down $8 billion - that's when you realize your textbook risk models mean absolutely nothing" "when you are bleeding $500 million a week you don't survive by having conviction - you survive by aggressively protecting cash" "today we execute 20% of all US volume - we don't hold losers praying for a bounce, if the math breaks, we liquidate immediately" Griffin didn't build Citadel by predicting the future. He built it by completely removing human emotion and ego from the equation when the market collapses. bookmark and watch him break down the reality of risk
1:05:01

Ken Griffin's ultimate rule for survival is brutally simple when asked how Citadel survived a near-death experience in 2008 to become a $60 billion empire - he dropped pure reality: "we lost 50% of our capital and our flagship fund was down $8 billion - that's when you realize your textbook risk models mean absolutely nothing" "when you are bleeding $500 million a week you don't survive by having conviction - you survive by aggressively protecting cash" "today we execute 20% of all US volume - we don't hold losers praying for a bounce, if the math breaks, we liquidate immediately" Griffin didn't build Citadel by predicting the future. He built it by completely removing human emotion and ego from the equation when the market collapses. bookmark and watch him break down the reality of risk

ludoonchart

484,274 次观看 • 3 个月前

Ron Baron just dropped the exact secret that has kept his $40 billion fund insanely profitable for 40 years straight "most traders stare at spreadsheets trying to predict a 5% earnings beat next quarter - we throw away the short-term models, we only care if the founder is absolutely obsessed" "the crowd buys 20 random stocks because some analyst upgraded them on tv - we will spend 3 years studying a single ceo and their factory floor before we invest a single dollar" "average investors try to guess where the economy is going next month - we find one generational genius, give them $1 billion, and completely get out of their way for 15 years" Baron didn't make his money by timing the market or using complex trading algorithms. he made it by finding the smartest, most ruthless founders on earth and riding their coattails for decades. watch his full keynote where he breaks down this exact strategy
32:35

Ron Baron just dropped the exact secret that has kept his $40 billion fund insanely profitable for 40 years straight "most traders stare at spreadsheets trying to predict a 5% earnings beat next quarter - we throw away the short-term models, we only care if the founder is absolutely obsessed" "the crowd buys 20 random stocks because some analyst upgraded them on tv - we will spend 3 years studying a single ceo and their factory floor before we invest a single dollar" "average investors try to guess where the economy is going next month - we find one generational genius, give them $1 billion, and completely get out of their way for 15 years" Baron didn't make his money by timing the market or using complex trading algorithms. he made it by finding the smartest, most ruthless founders on earth and riding their coattails for decades. watch his full keynote where he breaks down this exact strategy

ludoonchart

139,716 次观看 • 3 个月前

Elon Musk is asking the exact question Silicon Valley is mathematically incentivized to ignore. What happens when silicon becomes vastly smarter than the species that forged it. Musk: “It’s called the singularity. A singularity like a black hole, because you don’t know what happens after that.” That is not a metaphor. A black hole is the boundary where physics breaks down and predictive models collapse to absolute zero. Every prior technological leap had a visible horizon. Fission. Gene editing. The internet. You could model the trajectory. The singularity has no trajectory. It is the end of the map. Every safety agency in America was built on a body count. We regulate pharmaceuticals because chemistry kills. We regulate aviation because gravity kills. Every page of our regulation was paid for by someone’s wreckage. That model works because cars and planes fail locally. One crash. One recall. One amendment. The damage arrives in installments. A black hole does not do installments. The entire machinery of public safety assumes a tomorrow where the inspectors still exist. Musk is asking regulators to govern the one technology that could delete the feedback loop they depend on. The man engineering human expansion across the solar system is begging for friction. He despises the suffocating latency of bureaucracy. He has spent his life fighting twentieth-century paper regimes. Musk: “It’s not fun to be regulated. It’s somewhat arduous to be regulated… You could fill this room with all the regulations required for a production car just in the United States.” Yet he is standing before lawmakers demanding they step in. That is not contradiction. That is absolute clarity. Capitalism is a blind thermodynamic engine. It optimizes strictly for momentum. When the stakes are civilization-scale, the company that skips the safety check ships first. The market rewards speed over caution. Every single time. Without an external anchor, the default economic outcome is terminal recklessness. The loudest architect of the future is the only one demanding we reinforce the bridge before we cross it. Not because he fears the other side. Because summoning a higher intelligence from the earth’s crust is a one-way operation. You do not get to iterate on an entity that can think faster than you. That is not irony. That is the loneliest form of responsibility there is. We are about to spark the final invention in human history. We just have to survive the ignition.
1:46

Elon Musk is asking the exact question Silicon Valley is mathematically incentivized to ignore. What happens when silicon becomes vastly smarter than the species that forged it. Musk: “It’s called the singularity. A singularity like a black hole, because you don’t know what happens after that.” That is not a metaphor. A black hole is the boundary where physics breaks down and predictive models collapse to absolute zero. Every prior technological leap had a visible horizon. Fission. Gene editing. The internet. You could model the trajectory. The singularity has no trajectory. It is the end of the map. Every safety agency in America was built on a body count. We regulate pharmaceuticals because chemistry kills. We regulate aviation because gravity kills. Every page of our regulation was paid for by someone’s wreckage. That model works because cars and planes fail locally. One crash. One recall. One amendment. The damage arrives in installments. A black hole does not do installments. The entire machinery of public safety assumes a tomorrow where the inspectors still exist. Musk is asking regulators to govern the one technology that could delete the feedback loop they depend on. The man engineering human expansion across the solar system is begging for friction. He despises the suffocating latency of bureaucracy. He has spent his life fighting twentieth-century paper regimes. Musk: “It’s not fun to be regulated. It’s somewhat arduous to be regulated… You could fill this room with all the regulations required for a production car just in the United States.” Yet he is standing before lawmakers demanding they step in. That is not contradiction. That is absolute clarity. Capitalism is a blind thermodynamic engine. It optimizes strictly for momentum. When the stakes are civilization-scale, the company that skips the safety check ships first. The market rewards speed over caution. Every single time. Without an external anchor, the default economic outcome is terminal recklessness. The loudest architect of the future is the only one demanding we reinforce the bridge before we cross it. Not because he fears the other side. Because summoning a higher intelligence from the earth’s crust is a one-way operation. You do not get to iterate on an entity that can think faster than you. That is not irony. That is the loneliest form of responsibility there is. We are about to spark the final invention in human history. We just have to survive the ignition.

Dustin

33,877 次观看 • 3 个月前

Trump will be known as the AI president in his second term. All of the productivity, all of the performance of the economy, all of the things we're seeing across all 11 sectors in small and large business around what happened with AI, is accruing on his watch. I'd be talking a lot about the fact that he delivered a technology for both defense, education, medicine, and everything else that is bringing major benefits to the entire American population. They may not see yet, but they can start to feel it. I would take credit for that, and he hasn't done that yet. I bet by the time we go into the general, he will. He's the luckiest president on Earth to get that benefit.
1:06

Trump will be known as the AI president in his second term. All of the productivity, all of the performance of the economy, all of the things we're seeing across all 11 sectors in small and large business around what happened with AI, is accruing on his watch. I'd be talking a lot about the fact that he delivered a technology for both defense, education, medicine, and everything else that is bringing major benefits to the entire American population. They may not see yet, but they can start to feel it. I would take credit for that, and he hasn't done that yet. I bet by the time we go into the general, he will. He's the luckiest president on Earth to get that benefit.

Kevin O'Leary aka Mr. Wonderful

37,238 次观看 • 1 个月前

Kenya is governed by a robust constitution and a set of laws. Mr Ruto, when campaigning, promised that the rule of law would be the bedrock of his presidency. He has forgotten about all that and breached every single law one can think of. We will be able to prove to you in time that this country is bigger than you
1:09

Kenya is governed by a robust constitution and a set of laws. Mr Ruto, when campaigning, promised that the rule of law would be the bedrock of his presidency. He has forgotten about all that and breached every single law one can think of. We will be able to prove to you in time that this country is bigger than you

Macharia Njeru

10,656 次观看 • 28 天前

Ron Baron believes that trading for a quick 20% gain is the fastest way to stay broke "most guys buy bonds or keep cash just to feel safe making 4% - we have never owned a single bond because paper currency is designed to lose its value every day" "the crowd buys a stock with a 3-month plan and panics at a 10% drop - our minimum holding period is 10 years, because that is how you turn a million into a billion" "regular traders obsess over next week's chart patterns - we only care if the founder has the drive to double the size of the business every 5 years" Baron didn't build a $40 billion fund by guessing the next trend. he built it by finding generational monopolies, backing great founders, and doing absolutely nothing for decades watch him break down his exact investment strategy
33:05

Ron Baron believes that trading for a quick 20% gain is the fastest way to stay broke "most guys buy bonds or keep cash just to feel safe making 4% - we have never owned a single bond because paper currency is designed to lose its value every day" "the crowd buys a stock with a 3-month plan and panics at a 10% drop - our minimum holding period is 10 years, because that is how you turn a million into a billion" "regular traders obsess over next week's chart patterns - we only care if the founder has the drive to double the size of the business every 5 years" Baron didn't build a $40 billion fund by guessing the next trend. he built it by finding generational monopolies, backing great founders, and doing absolutely nothing for decades watch him break down his exact investment strategy

ludoonchart

436,110 次观看 • 3 个月前

Marc Andreessen breaks down the fatal trap of the traditional corporate leader: the "big gray cloud." He describes how legacy CEOs used to operate surrounded by an entourage of men in gray business suits. When the boss came to visit, it was not a working session. It was a state visit. It was like a king traveling with his court. The primary job of that gray cloud? To act as a completely impervious bubble. They prevented the CEO from ever talking to the people who were actually doing the work. Being the CEO of a giant like IBM in 1989 was a great way to live. You had the jet, the chauffeur, and 80 guys making sure you only ever heard good news. You woke up every morning famous, rich, and successful, never having to speak to a single engineer. But Andreessen notes this is the polar opposite of the Elon approach, and it comes with a massive hidden risk. Living in an echo chamber of good news is exactly like being the turkey on Thanksgiving. Everything is perfectly fine right up until things suddenly change. When a real crisis hits, the bubble pops, and because you let the gray suits insulate you from the actual work, you have absolutely no idea what to do about it.
0:51

Marc Andreessen breaks down the fatal trap of the traditional corporate leader: the "big gray cloud." He describes how legacy CEOs used to operate surrounded by an entourage of men in gray business suits. When the boss came to visit, it was not a working session. It was a state visit. It was like a king traveling with his court. The primary job of that gray cloud? To act as a completely impervious bubble. They prevented the CEO from ever talking to the people who were actually doing the work. Being the CEO of a giant like IBM in 1989 was a great way to live. You had the jet, the chauffeur, and 80 guys making sure you only ever heard good news. You woke up every morning famous, rich, and successful, never having to speak to a single engineer. But Andreessen notes this is the polar opposite of the Elon approach, and it comes with a massive hidden risk. Living in an echo chamber of good news is exactly like being the turkey on Thanksgiving. Everything is perfectly fine right up until things suddenly change. When a real crisis hits, the bubble pops, and because you let the gray suits insulate you from the actual work, you have absolutely no idea what to do about it.

Ian Miles Cheong

24,749 次观看 • 5 个月前

Microsoft CEO Satya Nadella on why winning against ChatGPT, Gemini, and Claude was never the goal: The Hard Fork hosts ask him directly how Microsoft plans to overtake the competition in the AI model race. His answer reframes the entire question. "Our real goal is to get everyone across the ecosystem to the frontier." Satya explains the problem with how frontier models are currently built. You hill climb, you do reinforcement learning, and then you need data. But at this point, the world has essentially saturated publicly available data. So the only way to keep scaling is to pull data from everywhere. He asks: "What if you turn that around and said no, there's a base model that has reasoning, that has the agent loop, but you can bring it into your RL. Every company." This is where his thinking gets interesting. Satya Nadella argues that the future of the firm runs on human capital and token capital together: "If the future of the firm is human capital and token capital, I want every balance sheet, every income statement in every company to have both." AI becomes a financial asset sitting on a company's books the same way its people do. And Microsoft's role in this? To provide the best possible base model. One that companies build on top of with their own data, their own context, their own weights. One they can even replace. That last part is the striking bit. Satya is explicitly building a platform where customers are free to walk away. He frames it not as a risk, but as the whole point: "I always ask the question — why does Microsoft, or why does the world need Microsoft? And if we are successful, can the world around us be successful? This, I believe, is a more sustainable way to go at it."
1:21

Microsoft CEO Satya Nadella on why winning against ChatGPT, Gemini, and Claude was never the goal: The Hard Fork hosts ask him directly how Microsoft plans to overtake the competition in the AI model race. His answer reframes the entire question. "Our real goal is to get everyone across the ecosystem to the frontier." Satya explains the problem with how frontier models are currently built. You hill climb, you do reinforcement learning, and then you need data. But at this point, the world has essentially saturated publicly available data. So the only way to keep scaling is to pull data from everywhere. He asks: "What if you turn that around and said no, there's a base model that has reasoning, that has the agent loop, but you can bring it into your RL. Every company." This is where his thinking gets interesting. Satya Nadella argues that the future of the firm runs on human capital and token capital together: "If the future of the firm is human capital and token capital, I want every balance sheet, every income statement in every company to have both." AI becomes a financial asset sitting on a company's books the same way its people do. And Microsoft's role in this? To provide the best possible base model. One that companies build on top of with their own data, their own context, their own weights. One they can even replace. That last part is the striking bit. Satya is explicitly building a platform where customers are free to walk away. He frames it not as a risk, but as the whole point: "I always ask the question — why does Microsoft, or why does the world need Microsoft? And if we are successful, can the world around us be successful? This, I believe, is a more sustainable way to go at it."

Big Brain AI

11,770 次观看 • 3 个月前

🚨 MARCO RUBIO IS GREAT! At Charlie's memorial: "When He returns, there will be a new Heaven, and a new Earth, and we will all be together, and we are going to have a great reunion, there again, with Charlie, and all the people we love!" "We were all created, every single one of us, before the beginning of time, by the hands of the God of the Universe, an all-powerful God, who loved us and created us for the purpose of living with Him in eternity." "But then sin entered the world and separated us from our Creator. And so God took on the form of a man, and came down and lived among us." "And He suffered like men, and He died like a man. But on the third day He rose, unlike any mortal man." "And then, and to prove any doubters wrong, He ate with His disciples so they could see, and they touched His wounds." "He didn't rise as a ghost or as a spirit, but as flesh. And then He rose to the heaven, but He promised He would return, and He will!" "And when He returns, because He took on that death, because He carried that cross, we were freed from the sin that separated us from Him." 🙏🏻🙏🏻
1:10

🚨 MARCO RUBIO IS GREAT! At Charlie's memorial: "When He returns, there will be a new Heaven, and a new Earth, and we will all be together, and we are going to have a great reunion, there again, with Charlie, and all the people we love!" "We were all created, every single one of us, before the beginning of time, by the hands of the God of the Universe, an all-powerful God, who loved us and created us for the purpose of living with Him in eternity." "But then sin entered the world and separated us from our Creator. And so God took on the form of a man, and came down and lived among us." "And He suffered like men, and He died like a man. But on the third day He rose, unlike any mortal man." "And then, and to prove any doubters wrong, He ate with His disciples so they could see, and they touched His wounds." "He didn't rise as a ghost or as a spirit, but as flesh. And then He rose to the heaven, but He promised He would return, and He will!" "And when He returns, because He took on that death, because He carried that cross, we were freed from the sin that separated us from Him." 🙏🏻🙏🏻

Eric Daugherty

164,515 次观看 • 8 个月前

🗣️ Mikel Arteta on how long he can see himself staying at Arsenal and his long-term ambition for the club: “Day by day. Obviously we have to have a mid- to long-term vision, which is to build the best club in the world. I think that has to be, without any question of a doubt, what we have to do. “But in order to achieve that, there’s a lot of things that you have to do daily to take you and give you the probability to achieve that. “And then you have to rely so much on people. First of all, our owners and the fantastic, I think, motivation and ambition that they have to take this club to that point. “And then, yeah, the level of connection that you build within the staff, within the players, and especially our supporters, to create the right environment, the right ecosystem around it, everybody aligned with the same ambition, to daily try to achieve it.”
1:01

🗣️ Mikel Arteta on how long he can see himself staying at Arsenal and his long-term ambition for the club: “Day by day. Obviously we have to have a mid- to long-term vision, which is to build the best club in the world. I think that has to be, without any question of a doubt, what we have to do. “But in order to achieve that, there’s a lot of things that you have to do daily to take you and give you the probability to achieve that. “And then you have to rely so much on people. First of all, our owners and the fantastic, I think, motivation and ambition that they have to take this club to that point. “And then, yeah, the level of connection that you build within the staff, within the players, and especially our supporters, to create the right environment, the right ecosystem around it, everybody aligned with the same ambition, to daily try to achieve it.”

Connor Humm

20,774 次观看 • 21 天前

Nassim Taleb explained why a banker collected $120M in bonuses - and you paid for it he calls it the Bob Rubin trade: take hidden risks that pay you for years, then when they blow up, the taxpayer eats the loss. no skin in the game. "You can't have the upside without bearing the downside yourself. You must own your own risk." "Courage is the only virtue you cannot fake." "When you're judged by reality, it's a completely different game than when you're judged by your peers." bookmark and watch it today - part 1 of an hour-long talk on risk, experts, and who actually knows what they're doing ↓ part 2 next: the minority rule, black swans, and why on day 28 you go bust - there is no day 29.
41:12

Nassim Taleb explained why a banker collected $120M in bonuses - and you paid for it he calls it the Bob Rubin trade: take hidden risks that pay you for years, then when they blow up, the taxpayer eats the loss. no skin in the game. "You can't have the upside without bearing the downside yourself. You must own your own risk." "Courage is the only virtue you cannot fake." "When you're judged by reality, it's a completely different game than when you're judged by your peers." bookmark and watch it today - part 1 of an hour-long talk on risk, experts, and who actually knows what they're doing ↓ part 2 next: the minority rule, black swans, and why on day 28 you go bust - there is no day 29.

0xDipper

174,605 次观看 • 3 个月前

The 2008 financial crisis led to the creation of Bitcoin because toxic assets were created by a poorly managed financial system that left society with the costs. We have an opportunity to build a better financial system that is cryptographically guaranteed, transparent, and gives control of risk over to the parties that it affects most. Our work on Chainlink and CCIP seeks to accelerate the speed at which this world happens on-chain. From secure data delivery to decentralized compute and now cross-chain interoperability, Chainlink is protecting dApps and their end users to deliver the true value of smart contracts and DeFi: a fair, transparent and largely derisked global financial system. As CCIP becomes the most widely used connectivity standard, we will initially see two largely separate on-chain networks of value: one for institutional/bank chains and the existing public blockchain DeFi ecosystem. CCIP will eventually merge these two large ecosystems into a single on-chain financial system that secures the world’s value on the Internet of Contracts. Presentation: Slides:
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The 2008 financial crisis led to the creation of Bitcoin because toxic assets were created by a poorly managed financial system that left society with the costs. We have an opportunity to build a better financial system that is cryptographically guaranteed, transparent, and gives control of risk over to the parties that it affects most. Our work on Chainlink and CCIP seeks to accelerate the speed at which this world happens on-chain. From secure data delivery to decentralized compute and now cross-chain interoperability, Chainlink is protecting dApps and their end users to deliver the true value of smart contracts and DeFi: a fair, transparent and largely derisked global financial system. As CCIP becomes the most widely used connectivity standard, we will initially see two largely separate on-chain networks of value: one for institutional/bank chains and the existing public blockchain DeFi ecosystem. CCIP will eventually merge these two large ecosystems into a single on-chain financial system that secures the world’s value on the Internet of Contracts. Presentation: Slides:

Sergey Nazarov

181,997 次观看 • 3 年前