Sunday, March 18, 2018

Some fascinating things I read last week

"I’m torn on how to approach the idea of luck. I’m the first to admit that I am one of the luckiest people on the planet. To be born into a prosperous American family in 1960 with smart parents is to start life on third base. The odds against my very existence are astronomical."

Source: https://twitter.com/jposhaughnessy/status/974461199097171968

Recently asked, “What are the ten biggest ideas that changed your life?” Great/hard question. Here's where I landed... "1) Imago Dei: Every person is inherently valuable independent of behavior and beliefs. Everyone matters. Treat people accordingly, without exception."
contd...

Source: https://twitter.com/BrentBeshore/status/970661400786870272

"Since October, a mysterious flying object has been seen moving through the skies over the South Island of New Zealand. It looks like a cross between a small plane and a drone, with a series of small rotor blades along each wing that allow it to take off like a helicopter and then fly like a plane. To those on the ground, it has always been unclear whether there was a pilot aboard."

Source: https://www.nytimes.com/2018/03/12/business/dealbook/flying-taxis-larry-page.html

Startup investors have extraordinary incentives for correcting obsolete beliefs. If they can realize before other investors that some apparently unpromising startup isn't, they can make a huge amount of money. But the incentives are more than just financial. Investors' opinions are explicitly tested: startups come to them and they have to say yes or no, and then, fairly quickly, they learn whether they guessed right. The investors who say no to a Google (and there were several) will remember it for the rest of their lives.

Anyone who must in some sense bet on ideas rather than merely commenting on them has similar incentives. Which means anyone who wants such incentives can have them, by turning their comments into bets: if you write about a topic in some fairly durable and public form, you'll find you worry much more about getting things right than most people would in a casual conversation.


Source: http://www.paulgraham.com/ecw.html

Many of the park’s managers, primarily Sri Lankans brought in to impart the efficiencies achieved in their country’s sweatshops, would view this comment as epitomizing one of their main complaints: Ethiopia’s history hasn’t equipped its citizens for the rigors of industry. “Ethiopia has never been colonized,” says David Müller, who moved from Sri Lanka (his name comes from his German father) to be the human resources manager for Hela-Indochine, a joint Chinese-Sri Lankan apparel venture in one of the park’s sheds. “There’s a sense of pride about that, and a little pushback comes with it.”

Source: https://www.bloomberg.com/news/features/2018-03-02/china-is-turning-ethiopia-into-a-giant-fast-fashion-factory