Articles & Essays

Welcome to Convex Reads

Convex Reads is a curated digital garden of essays, research papers, and conversations exploring technology, systems thinking, and ideas with asymmetric upside.

Have Another Drink!

A government study claims that even low alcohol intake has no health benefits and increases mortality risk. However, the study's data and statistical methods are unclear and questionable. Therefore, its conclusions about alcohol risks are not reliable.

The AI Engineering Skills Map

Andrew Ng shares the four key AI engineering skills everyone should learn: building and deploying AI apps, software engineering basics, using coding agents, and shaping the build. These skills help developers create better AI software and work well with fast-changing tools. Continuous learning is important because AI keeps evolving quickly.

Power 2026

Power prices are set by the cost of producing the last unit of electricity needed to meet demand, usually from natural gas or coal plants. Data centers and renewables affect demand and supply, sometimes lowering prices or even causing negative prices. Understanding these market dynamics helps investors, traders, and consumers make better decisions about energy use and power plant development.

Agents, Loops, Graphs. Everything You Need to Know in One Place.

Agents plan and act on tasks without step-by-step help, loops keep working until the job is truly done, and graphs run many tasks at once to finish faster. Each builds on the last to make AI work smarter and more reliable. Knowing when and how to use these tools helps you get better results with less effort.

The New SDLC With Vibe Coding

AI is changing software development from writing code to expressing intent and guiding intelligent systems. Developers now shift from hands-on coding to overseeing AI agents within structured processes. Success depends on balancing casual \"vibe coding\" with disciplined \"agentic engineering\" to build reliable software.

How LLMs Actually Work

Large language models understand text by turning words into numbers called tokens, then giving each token meaning through embeddings and position information. They use attention to let tokens share information and a feed-forward network to process each token independently. Finally, the model predicts the next token step-by-step, learning from huge amounts of text to get better at this task.

Predicting AI job exposure

It is very hard to predict how AI will change jobs because jobs and businesses evolve in complex and unexpected ways. Past technology waves show that automation often changes job tasks rather than simply replacing jobs. Trying to score or chart AI exposure by job or industry usually misses these deeper shifts and can be misleading.

Forensic Workshop

Financial statements can hide problems like falling cash flow and rising debts, which signal capital loss before it is public. Companies may use tricky accounting to show growth and profits, while real liquidity and value decline. Forensic checks focus on warning signs like unbilled revenue growth, rising receivables, and cash flow gaps to spot risks early.

The Math Behind Position Sizing: How Much Should You Really Invest Per Trade?

The Kelly Criterion helps investors decide how much to invest or risk per trade to maximize growth while managing risk. Using full Kelly can be too aggressive, so many use half Kelly for safer, steady gains. Risk of ruin calculations show how increasing position size greatly raises the chance of losing everything.

What I Learned About Billionaires at Jeff Bezos’s Private Retreat

Billionaires like Jeff Bezos live in a world where money removes consequences and rules. This freedom makes them disconnected from empathy and the real effects of their actions. Their immense wealth means they act without needing to change the world, as their success is assured.

Myrmikan Research

Rising energy prices and geopolitical tensions are causing volatility in gold and oil markets. The U.S. is focused on protecting its interests, which may split the world into competing trade spheres with different energy prices. This situation will likely lead to inflation, economic strain, and a complex future for global trade and investment.

Long-Term Money

Each generation works hard to make life easier for the next, creating more comfort and opportunities. What looks like being spoiled is really a sign of progress and hard work from the past. Our children are lucky to face different problems than we did, thanks to those who came before.

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Shattered Assumptions And The Energy Quandary

The ongoing Iran war and global tensions have made energy prices very unstable and risky. Policymakers might limit energy exports or boost coal use to manage shortages, affecting markets and politics. Investors should prefer energy producers in stable countries and watch for shifts if the conflict ends peacefully.

Trump's Gamble

The U.S. aims to control Iran and its oil to weaken rivals like China and Russia while supporting Israel’s goals. Gold prices have stayed low despite Middle East tensions, likely due to global liquidity issues and Iran’s use of gold to avoid sanctions. The outcome in Iran will impact the U.S. dollar’s future and could lead to major economic changes worldwide.

Foundations: U.S. Market Structure & Value

The U.S. stock market has been supported by passive investing and buybacks, pushing valuations above long-term averages. Rising interest rates have not lowered stock prices as expected, showing a shift in market dynamics. This makes the market fragile and prone to sharp, deep crashes when investor sentiment changes.

Both Sides Now

Berkshire Hathaway is financially strong and earns solid profits on its large equity base. The company smartly buys stocks when prices are low and sells when prices rise, helping its growth. Its stock value and intrinsic worth have grown steadily, making it a good investment compared to the broader market.

Constellation Software – Deep Dive, AI, Valuation

Constellation Software focuses on reliable, mission-critical software with high customer retention and low disruption risk from AI. Its decentralized model and focus on vertical markets create strong competitive moats and steady growth. The main investment risk is uncertain AI impact, but the company’s long-term value depends on maintaining its core advantages.

Mutual Fund Selection When Borrowing Is Restricted: On the Virtues of the Generalized Geometric Mean

The article shows that the geometric mean (GM) is a better way to choose mutual funds when borrowing is limited. Using GM to rank funds leads to higher investor returns than using the Sharpe ratio or alpha. This method works well for different risk preferences and improves long-term investment decisions.

The Best Defensive Strategies: Two Centuries Of Evidence

The 60/40 stock-bond portfolio often loses value during downturns, while DAR4020 and trend-following strategies offer better protection. DAR4020 acts quickly in market drops, and trend-following performs well over time, making their combination more effective. Gold does not provide reliable defense, so combining these strategies can improve portfolio safety across different economic conditions.

The Flow Show: Ai-Awe To Ai-Poor & Other Great Rotations

This document from BofA Securities offers general information for its clients and may involve potential conflicts of interest. The report's views might differ from other BofA business units and are not guaranteed to be accurate or updated. Redistribution is prohibited without permission, and certain trading actions may be limited by regulations.

Fixed: Why Personal Finance Is Broken And How To Make It Work For Everyone

The personal finance system is designed to benefit sellers, not buyers, by promoting complex products with hidden costs. Simple, clear financial products like term insurance and select mutual funds are safer choices. Understanding this helps you avoid being misled and protect your money.

The Universal Code - Everything is Compute

Everything in the universe is a form of computation that grows smarter by compressing complexity into simple truths. As intelligence becomes faster and more efficient, old systems like institutions and markets struggle to keep up. Humans remain important because they bring meaning and coordination that machines cannot replicate.

How to Be a Better Investor Without Knowing Finance

Investing well is more about controlling your emotions than knowing complex finance. Buy when others panic and sell when others feel like geniuses. Avoid making big decisions during life stress and stick to a simple, steady plan.

How to fix your entire personal brand in 1 day

Personal branding is about making people instantly see why they should pay attention to you, not just posting good content. To fix your brand fast, find your unique position, clearly state what makes you different, show your repeatable method, and concentrate your proof of success. Doing this makes you memorable and trusted, helping your audience and business grow quickly.

Five Financial Eras: How Financial Markets Transformed the World

Financial markets have changed a lot over the centuries, affected by wars, inflation, and economic growth. Stock and bond returns varied with historical events, with strong growth after World War II and a golden age starting in the 1980s. Today, global stock market value is larger than the world economy, showing the importance of financial markets worldwide.

How to think like a strategic genius (5d thinking)

Thinking shapes your life, and most people get stuck in narrow or one-sided views. Genius thinking means seeing many perspectives deeply and staying open to new ideas. To think like a genius, grow your knowledge broadly, deepen your understanding, and balance inner and outer views of yourself and the world.

how to master AI in 30 days (the exact roadmap)

The text explains how to learn AI quickly in 30 days. It gives a clear step-by-step plan to follow. The goal is to help anyone become good at AI fast.

The Art Of Building An Extraordinary Social Life And Surrounding Yourself With Winners

Building a strong social life helps you connect with winners and improves your quality of life. Focus on being positive, useful, and true to yourself to create meaningful relationships. Surrounding yourself with multiple social circles gives you support, knowledge, and new opportunities.

The Complete Guide: How to Become an AI Agent Engineer in 2026

To become an AI agent engineer, learn to build agents with core parts: trigger, loop, and tools through hands-on projects. Focus on real-world skills like API integration, proactive actions, and production readiness with observability. Use frameworks like Claude Agent SDK for speed and LangGraph for complex workflows to create reliable, scalable AI systems.

How To Build a Profitable Personal Brand (In Just 7 Days)

Building a personal brand starts with knowing yourself and what you stand for. Use your unique voice and style to connect with your audience and build trust. A strong brand gives you freedom to create, impact others, and live on your own terms.

Understanding Edge

Edge in trading means having a small advantage that, with many trades, leads to consistent profits over time. Managing risk well and understanding volatility are key to making sure this edge pays off. True edges are rare and hard to prove, so careful analysis and many trials are needed to succeed.

How To Correctly Reason About A Market Maker

A market maker earns money by setting bid and ask prices and managing risks like inventory and volatility. They adjust spreads and quote skew based on market data and inventory to balance profit and risk. When limits are reached, they stop quoting to avoid losses, making this a practical system for various markets.

How To Be A Man

Being a man means showing respect, taking responsibility, and always striving to improve yourself. Value close relationships, stay true to your word, and handle challenges with calm and confidence. Focus on meaningful experiences, health, and kindness while avoiding distractions and negativity.

How To Win \"The Game\" Of Corporate America

Success in Corporate America is about being visible, influential, and avoiding low-value tasks. Build relationships with mentors and sponsors who can advocate for you. Always network and treat your career like a business to open new opportunities.

Antidote to Slop: An Archive of Life-Changing Material

This website offers a growing collection of life-changing articles and videos. It includes topics on life, art, business, and inspiring interviews. The content is free to access and regularly updated for education and personal growth.

What you need to know to build with coding agents, if you're not technical

Coding agents help you build software without needing to know complex commands by using AI to interact with your computer's tools. They use system prompts and skills stored in hidden files to understand your instructions and work on projects, including managing code changes with Git. These agents can also help debug and deploy your code by running tests and fixing errors based on your feedback.

Become Technical in 1 Day

Coding agents help you work with code by running commands and managing files automatically. They use system prompts and custom instructions to understand your project and fix errors. You give them context, and they can test, debug, and even deploy your code with little technical knowledge needed.

Words without teeth

Laws and regulations alone cannot stop wrongdoing unless breaking them brings real and certain punishment. In India's financial markets, weak enforcement lets dishonest sellers keep harming customers without serious consequences. To protect people, authorities must enforce rules strictly and punish offenders harshly, not just make more rules.

How to figure out what to do with your life

Julian Shapiro suggests listing your core values to decide what to focus on in life. He emphasizes choosing projects that best match your current values to avoid future regret. This approach helps you stay true to yourself and find lasting fulfillment.

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The cartoonist who got it right

Scott Adams, creator of Dilbert, shared simple and clear advice on money in just 87 words. His tips focus on discipline, patience, and avoiding complexity to build wealth. Adams showed that smart investing does not need to be complicated or clever.

Myrmikan Research

Gold is the best measure of real value because it shows true changes in money, unlike the dollar which loses value over time. Recent market gains look smaller when measured in gold, revealing bubbles and crashes more clearly. Although gold prices are volatile, they lead changes in other prices and will likely keep rising faster than commodities.

Yearbook 2026

In 2025, Indian markets underperformed emerging markets, but key funds like HDFC Small Cap and Mid Cap showed strong long-term returns. Systematic Investment Plans (SIPs) in these funds yielded high compound annual growth rates over 5 to 15 years. Past performance is not a guarantee of future results, but disciplined investing proved beneficial.

How to Make Realistic Longform AI Videos (Prompts Included)

This guide explains how to create realistic long AI videos by making imperfect base images and controlling speech pacing. It shows how to break scripts into 55-60 syllable chunks for natural flow and add subtle movements to make characters look real. Finally, it recommends cleaning audio with tools like Adobe Podcast and covering jump cuts with B-roll for smooth, believable videos.

22 Pieces of Career Advice They Don't Teach You in School

To succeed in your career, be reliable, create value, and focus on doing the work. Surround yourself with talented people and learn from feedback to grow faster. Remember, your employer may not be loyal, so take charge of your own path and act on good advice.

How to fix your entire life in 1 day

To change your life, you must first change who you are, not just your actions. Spend one day deeply questioning your goals and identity to find true clarity. Then, use that insight to create clear, meaningful goals that guide your new path.

Indian Banking Sector: A Trend Analysis

Indian banks have grown rapidly since 2005, with deposits and loans increasing strongly and public sector banks regaining market share. The credit-deposit ratio rose from 53% in 2000 to 82% in 2025, showing deeper financial development but also regional imbalances. Some eastern states lag behind in credit use, while southern and western regions lead with higher banking activity.

India Equity Strategy Playbook: The Coming Upside Surprise

Morgan Stanley argues Indian equities are set for upside surprise. Macro indicators, earnings momentum, and valuations all look supportive. The report sees catalysts that could drive strong returns into 2026.

how to tweet

Post lots of clear, useful tweets that teach people exactly how to do something. \nMake them easy to read, actionable, and uniquely styled so they stand out. \nDo this consistently and followers will trust you and become customers.

India Strategy Outlook: Little Bits Of Everything ... Cut India To Neutral

Bernstein expects 2026 to bring a few small positives—some rate cuts, modest private capex and a tentative trade deal—but not enough momentum for strong market gains. They downgrade India from selective buy to neutral because policy options are limited and growth is near peak. They favor financials, telecom and select consumer names while forecasting modest Nifty returns.

Random Quality Of Life Improvements That Will Change Your Life

Small daily habits—walking more, consistent sleep, reading, and fewer distractions—will noticeably improve your health and happiness. \nTrack your time and money, minimize what doesn’t matter, and outsource or remove tasks you hate. \nProtect your curiosity, stop comparing yourself to curated lifestyles, and do what most people won’t to gain freedom.

Doctor’s Guide: Someone Sick Coughed on Me. Now What?

After a high-risk cough exposure, act fast to reduce viral load in the nose and throat using saline or green tea gargles, nasal saline irrigation, or iota‑carrageenan spray. \nAvoid touching your face, clean hands often, and consider saline eye drops as a minor extra step. \nGet enough sleep to keep your immune system strong so any infection is milder and shorter.

vibe coding: a practical guide for literally everyone

Vibe coding means using AI to write code so you can focus on what to build. Break work into small features, test after every change, and iterate with clear specs. Non-coders can use agents and clear user stories to have the AI build and refine apps for them.

India will get the Villain it deserves.

India's civic spirit has eroded into selfishness and transactional behavior. Without citizens who care for the common good, democracy may yield an authoritarian \"villain\" to impose order. The crisis is self-made but still reversible if people choose collective responsibility.

Why you should approach investing with healthy skepticism | Value Research

In financial services, assume others may not deserve your trust. Healthy scepticism protects you from costly sales and poor products. Treat doubt as a smart, normal defense when investing.

AI Tremors, Korea And The Rupee

The report highlights rising AI-driven market concentration, with a few big US tech stocks dominating valuations. Korean retail investors hold large positions in US tech names like Tesla and Nvidia. India’s stock market lagged badly in 2025 versus Asian and emerging peers.

Chop Wood, Carry Water: The Yoga of Work

Work is unavoidable and reveals our attachments, aversions, and fears. By doing mundane tasks with attention and humility we can transform those tendencies and find ease. Through such steady practice, work becomes a path to wiser love and inner freedom.

2026 Outlook: The Year Ahead In 14 Sparks

The US economy enters 2026 with mixed forces: strong AI-driven investment and wealthy consumers but weak wages and rising distress at the bottom. Policymaking and a big fiscal bill should boost growth, yet recession risk and stagflation remain real threats. If AI spending slows, it could hurt data centers, markets, and broader growth.

The Indian Idea of Wealth | Devdutt Pattanaik on Money Mythology and Meaning! @devduttmyth

Devdutt Pattanaik contrasts Western and Indian views of money. \nThe West treats money as a clear system for trade and capitalism. \nIndia sometimes treats money as sacred and even worships wealth.

India Strategy

India's earnings fell in CY25 but earnings cuts have slowed and 12‑month forward EPS should rise ~14% in CY26. Financials, IT, energy, and industrials will drive much of the EPS growth, helped by credit pickup and stronger capex and electronics manufacturing. With steady domestic fund flows and a likely re-rating as earnings recover, India could outperform global peers.

India – The Multi-Trillion Dollar Opportunity

Private Credit: Fact Vs. Fiction

The 26 Most Important Ideas For 2026

AI is reshaping the economy and may spark political backlash. \nYoung people face worsening economic, mental health, and housing problems. \nSociety is drinking less, getting lonelier, and valuing money over old communal norms.

Gold Outlook 2026

Gold is likely to stay rangebound in 2026 unless macro or geopolitical conditions change. \nIf growth slows and rates fall, gold could rise moderately or sharply in a severe downturn. \nConversely, stronger growth and higher yields would push gold lower, while central bank buying and investor demand remain key supports.

The Complete Guide to Nano Banana Pro: 10 Tips for Professional Asset Production

Nano-Banana Pro is a professional image model for high-quality asset production. It excels at text rendering, character consistency, visual synthesis, editing, 2D↔3D translation, and 4K output. The guide gives prompting rules, examples, and best practices for design, editing, and storytelling.

Beyond the Bubble: Why We Think AI Infrastructure Will Compound Long after the Hype

Data center build-out today is driven by long-term contracts and scarce inputs like power, land, and interconnects, so it differs from past tech bubbles. These hard assets will likely support long-term AI-driven demand even if some prices and business models prove overstretched. Winners will be those who secure take‑or‑pay deals, access scarce resources, and maintain operational discipline.

How to Sound Like an Expert in Any AI Bubble Debate

The AI debate sounds like déjà vu from past tech bubbles: huge hype, huge spending, and risky finance. Big tech is pouring money into data centers and chips that may be overbuilt or underused. Some productivity claims and circular revenue flows look misleading, so a painful correction is possible.

World War AI

Massive AI datacenter buildouts will need wartime-scale spending and energy, risking huge reallocations of capital and power. \nIf datacenters consume a far larger share of electricity, consumers and small businesses will be squeezed and inflation will rise. \nWe should grow energy supply and cap datacenter power use so AI doesn’t starve the rest of the economy.

What Is Gold Trying To Say?

Gold has rallied strongly due to large central bank buying since 2022 and big ETF flows in 2025. The rally likely signals expectations of rising global inflation, though tariff uncertainty is a key risk. The gold–USD divergence looks unsustainable, so gold may ease or the dollar may strengthen.

Optimists’ take on managing Risk

Optimists treat risk as an opportunity, not just a danger. They manage risk with research, conviction, and adaptability, not blind hope. Carnelian believes informed optimism and long-term focus create better investment outcomes.

A Golden Year (2025): Gold's Price Surge - The Signal in the Noise!

Gold’s 2025 surge reflects its role as a collectible and safe haven more than a cash‑flow asset. \nHistorically it hedges extreme, unexpected inflation and crises, but not normal inflation. \nRecent price gains seem driven by demand, new buying paths, and fear, making gold a niche insurance asset.

Cockroaches In The Coal Mine

Steve Wozniak is the engineer who quietly built Apple

Steve Wozniak quietly built Apple by focusing on engineering, simplicity, and hands-on work. He prized learning, honesty, deep focus, and urgency over committees and marketing. His rules: obsess over customers, keep things simple, and always keep improving.

Surviving the AI Capex Boom

Big Tech's AI arms race is turning asset-light winners into capital-heavy firms, which historically deliver weaker returns. Investors have bid up AI infrastructure stocks, concentrating market risk in the Magnificent 7. A value-based approach favors cheaper, lower-capex AI beneficiaries and under-the-radar adopters.

AI: In A Bubble?

AI investment and company valuations have surged, raising bubble concerns. \nSome experts warn of a coming disillusionment and that only a few firms will earn excess returns. \nOthers say the opportunity is huge, with massive AI infrastructure spending and fast-growing app companies.

Investing In Everything, Everywhere, All At Once

The World Portfolio sums all global investable assets and heavily influences investor allocations. Since the GFC, equities—especially US and tech—have grown in weight, raising global equity and US asset exposures. The authors argue the market-weighted World Portfolio can be suboptimal and show strategic tilts and added alternatives can improve risk-adjusted returns.

Thinking beats downloading

Easy access to information from AI does not remove investing edges. \nThe real advantage is careful thinking, patience, and understanding what the facts truly mean. \nUse tools to gather data, then read the source and think for yourself.

An AI Addendum

AI buildout is a massive capital project that may already equal about 1.5–2% of US GDP and could drive much more through a Wealth Effect. If funding for AI slows, the buildout and asset prices could reverse quickly, hurting consumption and causing broad financial pain. Like 19th-century railroads or the 2000 fiber bubble, overpriced, obsolescing AI assets risk a large, sudden collapse.

Microfinance Reset: Industry Poised For A 2HFY26 Revival

The microfinance industry is expected to recover in the second half of fiscal 2026. The report notes potential conflicts of interest because MOFSL and its affiliates may do business with covered companies. Analysts and their relatives do not hold equity in the subject companies.

The World in Which We Live

Modern life concentrates wealth, power, and culture in a few winners, creating technofeudal dynamics. Economic growth follows an S-curve: rich, saturated countries struggle to grow and carry heavy debt while poorer countries can still expand fast. Governments are larger and more intrusive, making governance harder at scale and increasing the need for more local solutions.

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Where do you live ?

You live in your mind. \nYour happiness depends on how your mind functions, not where you live. \nCultivate inner wisdom.

Introduction To Vedanta

Everyone feels inadequate and tries to fix it by effort, but effort is limited and cannot yield true completeness. \nTrue adequacy (moksha) is already our nature; ignorance hides it and only self-knowledge frees us. \nA seeker must go to a guru for that knowledge; Vedanta teaches this path.

AI Will Not Make You Rich

AI will change society but may not make many investors rich. \nHigh costs and fierce competition mean a few big tech firms will control models and most gains will go to customers. \nThe best bets are firms that use AI to cut costs or act as independent intermediaries, not the model builders.

The Secret:

Your thoughts and feelings attract matching experiences. Hold clear, positive intentions, feel already having them, and practice gratitude. Trust the universe and take inspired action to receive health, wealth, and joy.

Earnings Review 1QFY26 – Modest Yet Resilient

MOFSL expects modest FY26 sales but stronger EBITDA and PAT growth. \nFinancials, Metals and Oil & Gas will lead gains, and mid‑ and small‑caps should outgrow large‑caps. \nVO reported strong results and high growth guidance; Kaynes and CAMS kept steady guidance; pharma margins slowed while real estate and logistics showed strong bookings but cautious margins.

Askeladden Capital Q2 2025 Letter

AI has increased our research productivity by about 5–10×, letting us create deep, high-quality analysis much faster. \nThat speed lets us follow many more small- and micro-cap companies, reach a buy decision within half a day, and broaden our watchlist and diversification. \nHuman judgment still drives our choices; AI is a powerful tool that levels the playing field but does not replace decision-making.

Why Diversification Beats Concentration Lessons from Blackstone's $380M Private Credit Markdown

Blackstone lost $42 million on one private loan, showing the risk of putting too much money in one place. Diversifying loans across many companies helps reduce big losses. Investors should focus on spreading risk instead of chasing high returns from a few investments.

MS Research: Triggers For A New High

Morgan Stanley expects India's corporate profits and earnings to grow strongly in the coming years. Institutional investors are increasing their holdings in key sectors like financials and energy. Household wealth in India has grown significantly, with physical assets and property making up most of the value.

How Social Media Shortens Your Life

Social media tricks your brain to feel like time is passing faster by weakening your memory and focus. This makes you lose track of moments and forget what you saw, shortening your sense of life. To feel time slow and richer, choose new, meaningful experiences and avoid getting lost in endless scrolling.

The Ultimate AI Resource Guide

This guide shares top AI resources like newsletters, podcasts, YouTube channels, and key people to follow. It helps you stay updated and improve your AI skills for work and business. The author highlights practical tools and experts to cut through the noise and focus on what matters.

360 One Wrote The Wealth-Management Playbook. Now It Is Learning A Hard Lesson

360 One was once India's top wealth-management firm but is now losing key leaders and facing tough competition. The company struggles with internal conflicts and changing partnerships, which hurt its growth and talent retention. New rivals use technology and better revenue sharing to attract clients and advisors away from 360 One.

Analysis Of NBFC Sector In India

NBFCs in India have grown rapidly, with credit and assets doubling in recent years and strong future growth expected, especially in retail and MSME segments. Banks are increasing funding to NBFCs, and digital technology is helping expand credit access to rural and small businesses. Despite some slowdown in unsecured loans and asset quality concerns, NBFCs remain vital in India's financial ecosystem and continue to gain market share.

Useful Not True

This book teaches that beliefs are tools to help us act, not absolute truths. We can choose useful perspectives that make us feel better and act smarter. By controlling our thoughts, we control our feelings and actions.

NBFC Credit growth is outpacing Bank credit growth and GDP...

India’s NBFCs are growing faster than banks and the economy by serving niche and underserved markets. They benefit from lower borrowing costs due to recent RBI rate cuts and supportive policies. This growth helps increase financial inclusion and drives stronger credit expansion.

AI and New Economy

A research scientist from OpenAI recommends a 30-minute listen. It offers a fresh view on creating wealth in the new economy. This is useful for everyone.

the jackpot age

The essay explains how chasing rare jackpot wins often leads most people to lose everything over time. This mindset has spread in culture, making many take huge risks that hurt the average person while only benefiting a few winners. The author suggests focusing on steady, reliable growth and finding deeper meaning beyond risky bets.

Notes to myself

Change is always possible, and success comes from focus, service, and slow growth. Trust actions over words, choose your customers carefully, and embrace discomfort to learn and lead. Remember, clarity, responsibility, and kindness build lasting impact and personal growth.

India Financials: Secured Growth- Initiating On Housing Finance Companies

The affordable housing finance market in India is growing fast due to rising incomes and low mortgage penetration. Specialized lenders focusing on low-income borrowers have strong growth and good profitability. Some companies like HomeFirst Finance are rated highly, while others like PNB Housing Finance face challenges with slower growth.

10 Vital Things To Check Before Investing In Any Business...

Before investing in a business or stock, check its revenue growth, competitive strength, and consistency of profit margins. Also, pay attention to cash flow, market growth potential, and valuation to avoid overpaying. Understanding the business cycle and having a margin of safety can help make smarter investment decisions.

Claude 4 Sonnet is terrifyingly good

Claude 4 Sonnet is much more than a chatbot—it can research, build apps, create visuals, and teach deeply. It helps with big tasks like strategy, content creation, idea testing, and report summarizing. Using it as a partner unlocks powerful, professional-level results quickly and easily.

i discovered why some people get incredible AI results while...

Some people get amazing results with AI because they use clear and simple prompts. They focus on being specific and direct when asking questions. This helps AI understand and give better answers quickly.

Writing Prompt

Gemini 2.5 Pro is a powerful AI that helps writers create great content fast. It uses a smart prompt to write clear, engaging, and human-like copy for many platforms. Writers who don’t use AI risk falling behind in today’s content world.

how to pay attention again (the neuroscience of focus in the age of everything)

Our brains crave new and stimulating things, making it hard to focus on slow or quiet tasks. Constant distractions tire the brain's control systems, causing attention to feel scattered and overwhelmed. But attention is a skill that can be rebuilt gently by practicing awareness and allowing space for focus to grow.

Safe Withdrawal Rates in India: Balancing Portfolio Sustainability and Flexibility (1992-2024)

Budget 2025 tax changes lift safe withdrawal rates to about 3.5–4.2% for lower-tax retirees, while higher-tax retirees should target about 3.0–3.5% or less. \nDynamic strategies (guardrails, skipping inflation raises) allow higher starting withdrawals but increase cash‑flow volatility; fixed real withdrawals give steadier income with lower SWRs. \nEarly inflation shocks and bad return sequences sharply reduce SWRs, so balanced portfolios (30–60% equity) and Monte Carlo–style planning improve sustainability.

India Equity Strategy Playbook Asia Pacific Equities Appear Inexpensive

Morgan Stanley's equity strategy suggests that Asia Pacific equities, particularly in India, appear to be undervalued. The report highlights that India's economic policies are stabilizing, which supports share prices. Investors are encouraged to consider these insights as part of their decision-making process.

Trends – Artificial Intelligence

AI usage is rapidly increasing worldwide, with OpenAI’s ChatGPT leading the market. In China, local AI models are gaining popularity, while ChatGPT remains dominant outside of China. Investment in AI infrastructure is skyrocketing, blurring the lines between digital and physical systems.

Played Well. Framed Wrong. Lost Anyway - The Power Of 3s

The text discusses how winners often succeed not by playing better, but by choosing the right games to play. It highlights the importance of understanding narratives and the framing of situations, as seen through examples from casinos, finance, and AI startups. Ultimately, the rules of the game matter more than individual player skills in determining success.

Making AI Work: Leadership, Lab, and Crowd

AI can significantly boost worker productivity, with many reporting that it reduces task time dramatically. However, the individual use of AI does not automatically lead to better organizational performance, as many workers are unsure how to apply it effectively. Companies need strong leadership and centralized efforts to guide AI integration and foster innovation among employees.

A Comprehensive Guide To Etfs (2Nd Edition) Module 1: Etf Features And Evolving Landscape

ETFs, or exchange-traded funds, have become popular due to their low costs, transparency, and flexibility for various investment strategies. They provide investors with easy access to a wide range of asset classes and allow for efficient trading. As a result, ETFs have transformed the investment landscape, attracting many investors and challenging traditional mutual funds.

Struggle to keep up with all the most powerful AI...

Riley Brown provides a detailed overview of powerful AI tools and applications in a series of sections. The content covers chat tools, creative tools for images and videos, and automation processes using AI. It also includes practical examples and resources for learning about AI capabilities and coding.

From a Dentist's Chair to a Pilot's Seat: Lessons in Navigating Market Uncertainty

Bogumil Baranowski shares lessons from his experiences with uncertainty in dentistry and investing. He emphasizes that competence can transform uncertainty into opportunity, whether in health or financial markets. By focusing on what we can control and embracing uncertainty, we can navigate challenges more effectively.

Global Strategy Paper Bear Market Anatomy … the path and shape of the bear market

Most equities are entering or are on the brink of a bear market, which can be categorized into three types: structural, cyclical, and event-driven. The current bear market is considered event-driven, and further declines are expected. Investors should focus on quality growth and value companies to navigate this challenging market environment.

Capital Markets Yearbook 2024(digital_new)

In 2024, the Securities and Exchange Board of India (SEBI) focused on improving market stability and protecting investors, especially with the rise of influential financial content creators known as Finfluencers. SEBI introduced new investment options to increase access while ensuring investor safety, but raised concerns about potential overregulation. The regulator aims to balance innovation with safeguards, promoting a transparent and inclusive financial ecosystem.

High Agency\nIn 30 Minutes

High agency is the ability to solve problems effectively and take action, even in difficult situations. It combines clear thinking, a bias to act, and a willingness to disagree with the norm. People with high agency creatively navigate challenges and embrace their uniqueness, often leading to extraordinary outcomes.

Digital hygiene

The author discusses the importance of digital hygiene to protect privacy and security online. They recommend using tools like password managers, hardware security keys, and privacy-focused apps to safeguard personal information. The article provides practical tips for managing passwords, securing devices, and avoiding data leaks.

Prompt Engineering

This whitepaper focuses on prompt engineering for large language models, explaining how to craft effective prompts for better outputs. It covers various techniques like zero-shot, few-shot, and chain of thought prompting, as well as best practices for optimizing prompts. The goal is to help users improve their prompting skills, even if they are not data scientists or machine learning engineers.

Why You Fail At Almost Everything You Do

You often fail because you view failure negatively and don't learn from it. Success requires a mindset shift, where you embrace mistakes as essential for growth. To improve, develop a strategic plan, analyze your identity, and adapt your approach to align with your goals.

VM_view – NBFC Sector in India – Need, Relevance and the Way forward

NBFCs in India play a vital role by reaching customers and sectors that banks can't easily serve. Technology and regulatory changes are helping NBFCs grow and improve their lending quality. The future looks promising if NBFCs maintain strong credit practices and embrace digital tools.

HOWARD_MARKS__CFA_EVENT__5TH_MARCH2025

Howard Marks spoke at the CFA event on March 5, 2025, discussing market cycles and investment strategies. He emphasized the importance of being aware of market tendencies and not trying to time the market. Marks also highlighted the need for new strategies in a changing interest rate environment and encouraged investors to question their assumptions.

Q4 2024 Letter: Intelligence, Artificial Or Otherwise

The letter discusses the impact of Artificial Intelligence (AI) on business and investing, highlighting its potential while noting that performance in 2024 did not meet expectations. The author emphasizes the importance of human judgment alongside AI, stating that AI can enhance research efficiency but cannot replace human insight. Lastly, the letter outlines a cautious approach to investing, aiming to adapt to various potential outcomes as AI technology evolves.

How I use LLMs

Andrej Karpathy shares how he uses large language models (LLMs) in his work. He explains their benefits in generating ideas and enhancing creativity. Karpathy emphasizes the importance of understanding LLMs to make the most of their capabilities.

Probabilities and Payoff

Investors often rely on subjective probabilities to make decisions, but confidence in those probabilities also matters. After experiencing losses, people may avoid good investment opportunities due to fear of further losses. To succeed, investors need to understand the relationship between price and value and choose opportunities carefully based on probabilities and payoffs.

Why Blog If Nobody Reads It?

Blogging may feel pointless if nobody reads it, but it has hidden value. It helps you clarify your thoughts and improves your writing skills. Ultimately, you write for yourself, and if others benefit, that's a bonus.

Mochary Method Curriculum - Google Docs

⭐Interested in coaching or software to help implement the Mochary Method at your company? Please fill out our interest form here.

The Nonwriter's Guide to Writing A Lot

James Horton’s guide encourages people to overcome writing blocks by letting go of toxic beliefs about writing. He suggests writing daily and focusing on fun, messy exploration rather than perfection. By changing how we view writing, we can make it a sustainable and enjoyable activity.

Foundations of Large Language Models

This chapter explains pre-training methods for large language models (LLMs) in natural language processing (NLP), using BERT as an example. It discusses how LLMs are trained and adapted for different tasks through fine-tuning. The chapter also addresses scaling challenges and the importance of generalization in LLMs.

PowerPoint Presentation

The document details various non-convertible debenture (NCD) deals in India across multiple sectors, including real estate, infrastructure, and financial services. Each deal includes information on completion month, deal size, pricing, and secured assets. It highlights the use of proceeds, such as refinancing and growth finance, along with the involvement of various lenders.

India Banks From Goldilocks Period to Muddle-Through Scenario; More EPS cuts ahead; Stay selective; Buy HDBK (on CL)

India's banks are facing slower growth, with NBFCs and private banks experiencing declines in their annual growth rates. Commercial vehicle loans have grown well, but early delinquencies are rising, indicating potential issues ahead. Overall, the outlook suggests increasing delinquencies and cautious lending moving forward.

New Year’s Resolution: Lose the Midwit Mentality Completely

The author argues that living at the extremes leads to a more fulfilling life, while the middle ground fosters mediocrity. He shares his resolutions for 2025, emphasizing simplicity in exercise, investing, and relationships. The piece encourages readers to embrace unique experiences and prioritize personal growth over societal expectations.

Godot Isn't Making it

Generative AI has not delivered valuable products despite massive investments, and many tech companies are losing billions trying to make it work. The technology has peaked, with diminishing returns and no clear path to profitability. As a result, the entire generative AI movement seems unsustainable and lacks a real purpose.

A Reality Check on Private Markets: Part III

This post discusses the problems with using the internal rate of return (IRR) to measure the performance of private market funds. The author argues that IRR can be misleading and suggests that private capital firms should report returns over set time frames instead of using since-inception IRR. A more accurate measure, called modified IRR, could help address these issues but still faces challenges due to early cash flows.

Long-Term Asset Returns in India

This study analyzes nearly 30 years of investment returns in India across various asset classes like equities, gold, and fixed deposits. It highlights how inflation affects real returns, showing that while equities have strong nominal returns, their real returns are impacted by inflation. The research offers valuable insights for investors on constructing resilient portfolios in India's changing economy.

Gurus of Chaos

\"Gurus of Chaos\" by Saurabh Mukherjea explores the mindset of successful investors in the Indian stock market. It highlights the importance of trust in management and a calm approach to investing, especially in a volatile environment. The book suggests that understanding how to navigate risks and opportunities can lead to better investment decisions.

A Reality Check on Private Markets: Part II

The internal rate of return (IRR) is often misused as a measure of investment performance, leading to misleading conclusions. It relies on unrealistic assumptions about reinvestment rates and can be manipulated by fund managers to show better results. Investors should be cautious when interpreting IRR, as it does not accurately reflect true rates of return.

The Cold Email Handbook

The Cold Email Handbook teaches how to write effective cold emails to achieve business goals. It emphasizes the importance of deliverability, warming inboxes, and using AI to personalize emails at scale. The guide offers practical tips for crafting valuable content and structuring campaigns to enhance outreach success.

From prediction markets to info finance

Prediction markets are not just about betting on elections; they can provide valuable information and insights across various fields. This broader concept, called \"info finance,\" uses financial markets to align incentives and improve decision-making. With the help of AI, we can make these markets work effectively even for small-scale questions, unlocking their full potential.

The Tyranny of IRR: A Reality Check on Private Market Returns

The rise in private market investments is largely due to a belief in their superior returns, driven by the use of internal rate of return (IRR) as a key performance metric. Many investors mistakenly interpret IRR as a rate of return, leading to inflated expectations about private capital funds. It’s important for investors to understand that IRR does not equate to actual returns, especially for illiquid assets with complex cash flows.

Prompting Guide 101

This guide explains how to use Gemini in Google Workspace apps like Docs, Sheets, and Gmail. You can prompt Gemini for help with tasks such as drafting emails, creating presentations, or brainstorming ideas. It also offers tips and scenarios to inspire effective collaboration with Gemini.

Generative AI’s Act o1

Generative AI is evolving to incorporate deeper reasoning and thoughtful decision-making, similar to human thinking. This shift is leading to the creation of new AI applications that can automate complex tasks and improve service delivery across various industries. As AI continues to develop, we may witness groundbreaking advancements that resemble independent thought, pushing the boundaries of technology further.

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Private credit investments may seem like low-risk, high-yield options, but they carry significant risks similar to equities. Replacing stocks with private credit can reduce risk, but swapping Treasuries or cash for private credit increases risk exposure. Investors should be cautious, as private credit returns are tied to the same economic factors that affect equity holders.

You're Networking All Wrong. Here’s How Executives Do It.

Networking should focus on being helpful to others rather than just seeking personal gains. Building meaningful relationships and offering support can lead to mutual success. It's important to stay in touch and engage genuinely with a select group of contacts.

Sort out your life! 100 tiny tricks to help with everything from digital overwhelm to lumpy sugar and unpaid bills

Emma Beddington's book offers 100 simple tips to help organize your life, from managing digital clutter to planning meals. Readers share strategies like preparing clothes the night before and creating reusable holiday checklists. The advice focuses on small, manageable actions to reduce stress and improve daily routines.

CNBC-TV18 Explains: The Hunger For Bank Deposits | N18V | CNBC TV18

Bank deposits are not growing as fast as bank loans, leading to concerns from financial leaders. This gap is caused by factors like cash withdrawals and increased investment in mutual funds instead of fixed deposits. To balance this, banks may need to raise deposit rates, which could then increase loan costs and slow down loan growth.

77 Lessons at 77

Arnold Schwarzenegger shares 77 lessons learned throughout his life, emphasizing the importance of continuous learning and personal growth. He encourages embracing failure as a part of success and highlights the need to show up for yourself and others. Additionally, he stresses the value of having a clear vision and taking small, manageable steps toward your goals.

Fyodor Dostoyevsky’s Five Principles of Personal Freedom

Fyodor Dostoyevsky, a troubled Russian writer, found meaning in life through struggle rather than comfort. His philosophy suggests that true happiness comes from the journey, embracing freedom, and accepting the pain that accompanies love. Ultimately, he believed that seeking a higher purpose and understanding the supernatural aspect of existence leads to a more fulfilling life.

How to think in writing

1. Writing helps refine thinking by making ideas more precise and complete.\n2. Without writing about a topic, one may not have fully formed ideas about it.\n3. By unfolding and probing your ideas, you can refine your thinking and uncover subtler problems for deeper understanding.

The Right Kind of Stubborn

Successful people are persistent and keep trying new ideas until they find what works. Obstinate people, on the other hand, refuse to listen and stick to their ideas even when they're wrong. The key difference lies in being attached to the goal versus being attached to one's ideas about how to reach it.

In Praise Of Idleness and Other Essays

Bertrand Russell argues that the concept of work as a moral virtue is outdated in the modern world. He advocates for a society where leisure is equally accessible to all, leading to a more peaceful and fulfilled population. Russell believes that the pursuit of wealth for security has become futile, causing a sense of recklessness and insecurity in society.

How to host an intellectual dialoging dinner

Fabrice Grinda shares his experience in hosting Jeffersonian dinners, where a small group engages in a single, deep conversation on thought-provoking topics. These dinners encourage equal participation and respectful dialogue, allowing guests to share personal stories and insights. The goal is to foster meaningful connections and stimulate intellectual discourse, contributing to a vibrant exchange of ideas.

Pop Culture

Goldman Sachs released a report questioning the productivity benefits and returns of generative AI, suggesting significant limitations. The report highlights concerns about the power demands of AI and the lack of financial benefits for companies using generative AI. Overall, the report casts doubt on the future profitability and impact of generative AI in various industries.

A System for Writing

The book explains a systematic approach to writing using a method called zettelkasten, which involves organizing and connecting notes to facilitate writing. By creating main notes and exploring connections between ideas, writers can develop and expand their thoughts within the zettelkasten system. This method encourages a dynamic and evolving process of writing, where inspiration from captured ideas can lead to further writing and exploration of topics.

Gen AI: Too Much Spend, Too Little Benefit?

Goldman Sachs economist Joseph Briggs predicts that AI will automate 25% of work tasks, boosting US productivity and GDP growth over the next decade. The potential cost savings from AI automation could reach thousands of dollars per worker annually. Despite concerns, the growth of AI and data centers is expected to increase US power demand significantly.

Late Bloomer

The author reflects on their journey of maturity and late-blooming, emphasizing the shift from carefree youth to responsible adulthood. Late-blooming is seen as an opportunity for personal growth and self-awareness, leading to a deeper understanding of oneself and the path to success. The text discusses the concept of late-bloomers and provides resources for those seeking inspiration and guidance in their own journeys.

On Quitting (when it’s unclear whether to quit)

The text discusses the complexities of knowing when to quit or stay in a job, highlighting various scenarios and considerations. It emphasizes the importance of recognizing the gray areas where decisions are unclear and offers guidance on when to stay and when to move on based on different circumstances. The author shares personal experiences and insights to help navigate the challenging decisions that arise in a career.

RESISTANCE MONEY;A Philosophical Case for Bitcoin

\"Resistance Money: A Philosophical Case for Bitcoin\" explains how bitcoin was created and its unique benefits compared to traditional money. The authors argue that bitcoin offers advantages in privacy, censorship-resistance, and financial inclusion, despite some inherent risks. Overall, they present a case that bitcoin is valuable and worth considering, especially as traditional financial systems evolve.

Situational Awareness

The text discusses the potential rapid advancement of AI research leading to superintelligent systems surpassing human capabilities. There are concerns about security risks, the need for international cooperation, and the challenges of managing the development of superintelligent AI. The author emphasizes the importance of aligning AI systems with human values and ensuring safety measures are in place to prevent potential dangers.

The Simple Macroeconomics of AI

AI's macroeconomic impact is determined by cost savings and task complementarities, affecting GDP and productivity gains. Uncertainty exists regarding which tasks will be automated or complemented and the resulting cost savings. AI can create new tasks, increase productivity, and potentially lead to positive outcomes for the economy.

How I Think About Debt

Some businesses in Japan have lasted for centuries without debt, surviving numerous challenges. Debt can limit your ability to withstand life's uncertainties, narrowing your range of options and flexibility. Viewing debt as a constraint on your ability to endure volatility can help you make more informed financial decisions.

240423 Innovations from the Indian Startup Ecosystem

The text discusses innovations from the Indian startup ecosystem, highlighting the growth and impact of technology companies in various sectors like manufacturing, healthcare, and agriculture. Indian startups are leading in deep technology innovations and building strategic partnerships to drive multi-disciplinary innovation. The focus is on leveraging existing technology, regulatory expertise, and engineering capabilities to drive growth and create Tech-enabled products.

Pioneers of change: Building resilient NBFCs

The report by PwC India discusses how Non-Banking Financial Companies (NBFCs) can become more resilient and future-ready amidst competition and changing customer expectations. It emphasizes the importance of business model innovation, technology adoption, and strong governance to navigate the evolving financial landscape. The report outlines strategies for NBFCs to enhance growth, improve customer experience, and ensure sustainability.

Why Everything is Becoming a Game

The text discusses the trend of gamification in various aspects of life. The author explores how many things are being turned into games for engagement and motivation. Visit Gurwinder's blog for more information on this topic.

Jung’s Five Pillars of a Good Life

Jung's five pillars of a good life focus on physical and mental health, relationships, beauty, work satisfaction, and philosophical outlook. He emphasizes progress towards happiness rather than seeking pure happiness, drawing on personal experience and modern research to support his approach. Jung's well-rounded strategy includes elements like deep relationships, appreciation of beauty, and finding a sense of purpose or transcendence.

Dear Somebody: The things I'll miss.

The text is a collection of reflections from the author's week, including moments of morning solitude and family interactions. It also mentions the author's creative process and a book recommendation on productivity culture. Lastly, the text includes a poignant poem and calls to action for supporting gun control and reproductive rights, along with promoting the author's journal and book.

Wealth Management_360ONE_Nuvama

The text discusses a wealth management company called 360 ONE WAM Ltd, focusing on UHNI (Ultra High Net Worth Individuals) with a target price of Rs 805. The company's growth is driven by strong execution capabilities and an emphasis on the UHNI segment, with a focus on investable surplus of more than Rs 250mn. Additionally, the text mentions key management personnel, such as Anupama Sharma, and highlights muted growth in total Active AUM but strong ARR net flows and AUM growth.

In China: The 100-Year Storm on the Horizon and How the Five Big Forces Are Playing Out

The text discusses how China is facing challenges due to changing global dynamics and internal economic issues, including a growing wealth gap and increasing debt. The author highlights the impact of the current great power conflict between China and the US on various industries and the potential consequences of these tensions on China's economy. The text emphasizes the importance of understanding these complex issues objectively and without passing quick judgments.

101 Additional Advices

Kevin Kelly shares 101 valuable pieces of advice, including being open to learning, embracing failure, and celebrating the success of others. He emphasizes the importance of self-improvement, staying humble, and being kind to others. Kelly's advice encourages personal growth, resilience, and a positive outlook on life.

An Introduction To Alternative Credit

The text discusses the benefits and risks of alternative credit investments, including private market transactions like corporate and real estate lending. It emphasizes the need for thorough due diligence and understanding of risk profiles. It also covers factors like diversification, historic returns, and the challenges of incorporating alternative credit into institutional portfolios.

Indus Valley Annual Report 2024

The document provides insights into the Indian startup ecosystem, termed the Indus Valley, focusing on key aspects like GDP, investment, consumption trends, and market dynamics. It delves into India's economic growth, the emergence of different consumer classes, and the impact on various sectors like fintech and retail. The report also discusses the resilience of Indian markets, the rise of retail investors, and the growth of mutual funds, offering a comprehensive analysis of the evolving landscape in India.

All My Thoughts After 40 Hours in the Vision Pro

The author describes their experience with the new Apple Vision Pro VR headset, noting its impressive hardware and intuitive operating system. They explore various applications for the headset, including immersive entertainment and virtual hangouts, and conclude that VR technology may become more popular in the future. However, they also note that VR has struggled to achieve mass adoption in the past.

A guide to cold medicines

During cold and flu season, it's important to understand the different cold medicine ingredients and how they target specific symptoms. Decongestants like pseudoephedrine and phenylephrine are best for clearing congestion, while antihistamines like cetirizine and loratadine can help with a runny nose. Analgesics like ibuprofen and acetaminophen reduce fever and relieve headaches and body aches. Cough medicines containing dextromethorphan or guaifenesin can suppress or thin out mucus related to a cough. It's crucial to read labels, be aware of potential side effects and interactions, and consult a doctor or pharmacist if needed. Additionally, staying hydrated and getting rest are essential for recovering from a cold or flu.

How to be More Agentic

The author describes their experience with \"agency,\" which they define as \"manifest determination to make things happen.\" They argue that agency is not an inherent trait, but rather a skill that can be developed. They offer several tips for increasing one's agency, including seeking real feedback, assuming everything is learnable, and learning to love the \"moat of low status.\" They also emphasize the importance of avoiding burnout and not working too hard.

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Arnold_Workout_Guide_2024

The content discusses the impact of exposing people to health and fitness news, motivation, recipes, and workouts. It also mentions the author's fitness app and the positive community it creates. The content includes descriptions of various exercises and circuits to help individuals get back in shape and build muscle.

bcg-rbih-financial-services-innovation-for-bharat

The Boston Consulting Group and the Reserve Bank Innovation Hub collaborated on a report titled \"Financial Services Innovation for Bharat,\" which aims to address the challenges faced by rural and semi-urban communities in India with regards to access to financial services. The report offers a framework for driving financial innovation in these areas, emphasizing the importance of desirability, viability, and feasibility. Six primary friction areas that prevent Bharat consumers from accessing financial services were identified, including limited financial knowledge, high expenses, inadequate credit history, lack of awareness about schemes and subsidies, and limited trust in digital banking due to fraud risk. Financial institutions must adopt innovative strategies to address these obstacles, but they face constraints such as regulatory uncertainties and limited funding.

CRISIL Report on NBFCs

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30 Useful Principles (Autumn 2023)

In the Autumn 2023 list of 30 useful principles, the author has condensed the usual 40 concepts into 30 to focus on quality over quantity. These principles cover a wide range of thought-provoking topics, such as Goodhart's Law, Hotelling's Law, Herostratic Fame, and more, providing insights into human behavior, societal trends, and cognitive biases. Each principle is meant to stimulate reflection rather than serve as strict rules, encouraging readers to delve deeper into the complexities of various subjects. The list offers a diverse array of concepts, from behavioral patterns like the Yes-Damn Effect to societal phenomena like the Ferguson Effect, aiming to spark contemplation and discussion.

[1hr Talk] Intro to Large Language Models

Andrej Karpathy discusses large language models, explaining how they generate text and predict words based on training data. He highlights the importance of model size and the amount of text used for training, which can enhance their capabilities. The talk also emphasizes the potential of these models in various applications and the ongoing work in the field of AI.

[1hr Talk] Intro to Large Language Models

Andrej Karpathy's talk introduces large language models, explaining their structure and function. These models use vast amounts of text data to predict and generate words, learning from patterns in the training data. As these models grow larger and are trained on more data, they become more powerful and capable of complex tasks.

Workshop on RBI Circular on Regulatory Measures in Consumer Credit by Banks & NBFCs

A workshop on the RBI circular on regulatory measures in consumer credit by banks and NBFCs was held to discuss the implications of the circular. The circular was a response to concerns about the increasing growth of consumer credit and aimed to address the potential risks associated with it. The circular introduced four measures, including an increase in risk weights applicable to consumer credit for banks and NBFCs, an increase in risk weights for bank lending to NBFCs, and the establishment of sectoral limits for consumer credit. The circular had an immediate implementation deadline of February 2024. The workshop also discussed the definition of consumer credit and the exclusions from the risk weights.

No-BS WiFi Money

You can make your first $1000 online in 30 days by offering a useful service and getting one paying customer every 5–6 days. Start small, build skills and an audience, then automate and scale to turn your online business into a passive money-making machine. Invest a little in basics, learn to sell, and focus on value to grow beyond a salary.

India Finance Report 2023

The NBFC ecosystem in India has evolved over the years, and the Reserve Bank of India and the Government of India's policies have helped the sector emerge stronger and more resilient than before. The CAFRAL_Report aims to highlight the unique opportunities and challenges that confront NBFCs in the Indian context, with a focus on financial inclusion, interlinkages between the nonbanking sector and other segments of the financial system, digitalization and its impact, and emerging balance of risks for the sector. The report is organized into four chapters and is sensitive to the significant heterogeneity within NBFCs, issues in complementarity and competitiveness vis-à-vis the traditional banking sector, and the growing synergies between NBFCs and FinTech, particularly in reaching out to sections of society that get excluded from formal credit markets.

Rigorous thinking: No lazy thinking

Rigorous thinking is crucial for leaders and their teams, as it involves asking critical questions, making decisions systematically, and deconstructing ideas to ensure clarity and better decision-making. Lazy thinking, on the other hand, involves making assumptions without critical evaluation. Creating a culture of rigorous thinking starts at the top, encouraging healthy debates, fostering psychological safety, and prioritizing and unpacking ideas with specificity. Managers play a key role in spurring rigorous thinking by engaging in conversations that challenge assumptions and empower team members to think critically and strategically.

Seeking wisdom in the Indian Stock Markets | SOIC

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Can you explain to me what Hinduism is about?

By Maria Wirth At a seminar where Hinduism related topics were discussed, I asked some students during tea break, “Can you explain to me what Hinduism is about?” There was an awkward silence. After a while, a girl said “Hindus worship many Gods.” I asked, who created the many Gods?” Now the silence was permanent.

I raised many millions and sold 3 companies before age...

Greg Isenberg shares how he raised millions and sold three companies before turning 30. He highlights six useful tools for finding startup ideas and analyzing market trends, including EtsyHunt and VidIQ. By using these tools, anyone can discover validated business opportunities and optimize their strategies for success.

There's Business In Water

India's water industry is evolving with modern infrastructure and organized businesses like Wabag leading the way with major projects. Companies like L&T are actively involved in various water projects across India, from drinking water initiatives to industrial water management. The sector is growing rapidly, offering opportunities in areas like desalination, treatment plants, and supply chain solutions.

Lending business equation for your startup

If your startup expects to earn revenue from lending, here's how to think about your business model. I'll cover the most important revenue drivers, expenses, and their relationship as you scale.

15 Ideas, Frameworks, and Lessons from 15 Years

Today, August 28th, 2023, my company Newfound Research turns 15.  It feels kind of absurd saying that.  I know I’ve told this story before, but I never actually expected this company to turn into anything.  I started the company while I was still in undergrad and I named it Newfound Research after a lake my […]

AI and the automation of work

Generative AI and large language models will change how we automate work, just like past technologies did. While some jobs will disappear, new ones will also appear, even if we can't predict them yet. This process is not new, and history shows that automation usually creates more jobs over time, not fewer.

Reader: Frequently Asked Questions

Changelog October 27, 2023 Updated instructions for adding document notes to include mobile and browser extension Updated mobile directions for customizing appearance Pro Tip: Use Ghostreader One of the coolest features of Reader is an AI reading assistant called Ghostreader (based on GPT-3). Ghostreader enables you to define terms, look

A Few Stories About Big Decisions

In 1964, Warren Buffett owned shares in an old industry company with fading prospects.

How to Do Great Work

To do great work, focus on projects that deeply interest you and work hard on them. Try many different things to discover what suits you best, even if others don't see their value. Great ideas often come from persistent effort, curiosity, and seeing problems in new ways.

Archive - Tigerfeathers

Full archive of all the posts from Tigerfeathers.

Archive - Tigerfeathers

Full archive of all the posts from Tigerfeathers.

GPT best practices - OpenAI API

The text provides best practices for using GPT models, emphasizing the importance of providing reference text, breaking down complex tasks into simpler steps, and allowing GPTs time to think before answering. Specific tactics like using examples, instructing the model to reason out solutions, and evaluating outputs with reference text are highlighted to improve model performance and reliability. The strategy is to guide GPTs effectively through clear instructions and thoughtful engagement for better outcomes.

Mark Manson Chats With Erika Kullberg

Mark Manson discusses the importance of embracing struggles and challenges rather than solely pursuing happiness. He suggests that happiness is a byproduct of our actions and gratitude, not a constant state to achieve. Focusing on goals and personal responsibility is key to finding fulfillment in life.

Talk It Out

How to make decisions with your sweetheart about love, work, home, and family.

The most useful razors and rules I've found:

The most useful razors and rules I've found:\n\n1. Bragging Razor - If someone brags about their success or happiness, assume it’s half what they claim\n\nIf someone downplays their success or happiness, assume it’s double what they claim\n\n2. High Agency Razor - If unsure who to work…

What We Can Learn From Vertical Spreads\nWhat We Can Learn From Vertical Spreads

Moontower #192

þÿNandan PPT vNordic CEOs (v18)

India used digital public infrastructure (Aadhaar, UPI, eKYC, GST, eWaybill) to move from cash to fast, cheap, inclusive services. \nThis stack cut costs, boosted payments, expanded credit, and helped deliver programs like vaccinations and subsidies. \nThe result is a technology-led, scalable model that raises productivity and broadens opportunity.

Smart Things Smart People Said

The text shares insightful quotes from various thinkers on life, happiness, and personal growth. It emphasizes self-reflection, the importance of relationships, and the need to challenge our beliefs. Overall, it encourages readers to consider their values and how they impact their lives.

(1) Julian Shapiro on Twitter: \"One of the most important images I've seen. The difference between happiness, meaning, and true psychological richness. From research by @ErinWestgate https://t.co/kQ42po7chM\" / Twitter

ChatGPT for Finance: Promise and Peril

The article discusses how ChatGPT can assist in investment research and content creation while highlighting its limitations, especially in handling financial data. It emphasizes that ChatGPT generates plausible but not always accurate responses, and it cannot replace the insights of a human expert. Users are encouraged to experiment with ChatGPT but should be cautious about legal issues and the quality of information provided.

Why transformative artificial intelligence is really, really hard to achieve

A collection of the best technical, social, and economic arguments\n\n\nHumans have a good track record of innovation. The mechanization of agriculture, steam engines, electricity, modern medicine, computers, and the internet—these technologies radically changed the world. Still, the trend growth rate of GDP per capita in the world's frontier

40 Mind-Expanding Concepts (Summer 2023)

Ideas to help you make sense of the world

The Way of Mediocre Man

The author says that steady, small effort in work you enjoy can lead to success over time. Extreme effort is not always needed and can cause burnout. Instead, trusting the process and liking what you do creates a sustainable and fulfilling life.

Security Analysis

In June 1932, Owens-Illinois Glass Company bonds were a strong investment due to high earnings and ample asset coverage. In contrast, many public utility stocks in 1929 seemed secure but had heavy liabilities that led to significant losses when earnings didn't meet expectations. The analysis of companies like Intertype Corporation and Fox Film Corporation shows the importance of evaluating both current assets and financial health to identify good investment opportunities.

India e-Conomy Report 2023

Creating a Monster

When innovation goes wrong

Co-Lending

Co-lending is a collaborative approach where lenders partner to extend their lending capabilities and reach. This concept is gaining popularity, particularly in priority sector lending, where banks and NBFCs are entering into co-lending arrangements. The Reserve Bank of India has introduced guidelines for co-lending, which provide a regulatory framework for such partnerships. Co-lending can be discretionary or non-discretionary, and the risk and rewards of the partnership should be shared between the co-lenders. The co-lending model offers benefits for both banks and NBFCs, allowing them to leverage their respective strengths and expand their lending portfolios.

Myrmikan_Research_2023_05_12

10 Ways You Can Use ChatGPT to Learn Better

ChatGPT can be a helpful learning tool when used carefully, serving as a personal tutor or language coach. It is effective for summarizing texts and generating study materials like flashcards, but users should verify the information it provides. While it excels in explaining concepts, it may struggle with accuracy in facts and math-related tasks.

Excellent Advice for Living

Kevin Kelly's \"Excellent Advice for Living\" offers practical guidance for personal growth and fulfillment. It encourages taking action, reflecting on oneself, and focusing on what truly matters rather than comparing oneself to others. The book emphasizes the importance of generosity, persistence, and learning from experiences to discover one's purpose in life.

The Daily Laws by Robert Greene

In the Latticework, we've distilled, curated, and interconnected the 750+book summaries from The Rabbit Hole.

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(2) House Rugged - by Kris Abdelmessih - Moontower\nHouse Rugged

Moontower Munchies #11

Some Things I Think

The fastest way to get rich is to go slow.\nMany beliefs are held because there is a social and tribal benefit to holding them, not necessarily because they’re true.\nNothing is more blinding than success caused by luck, because when you succeed without effort it’s easy to think, “I must be naturally talented.”\nSocial media makes more sense when you view it as a place people go to perform rather than a place to communicate.\nComedy is the best way to teach about human behavior. George Carlin, Chris Rock, and Jerry Seinfeld have done more to enlighten others than 99.9% of psychology PhDs.\nThe best measure of wealth is what you have minus what you want. (By this measure, some billionaires are broke.)\nThe most valuable personal finance asset is not needing to impress anyone.\nMost financial debates are people with different time horizons talking over each other.\nFrom school, I remember: Every good story I was told, but none of the formulas I memorized before a test.\nIt’s easiest to convince people that you’re special i...

Some Things I Think

The fastest way to get rich is to go slow.

A LETTER TO A HINDU

The letter printed below is a translation of Tolstoy's letter written in Russian in reply to one from the Editor of Free Hindustan.

Tempo: timing, tactics and strategy in narrative-driven decision-making

This chapter discusses how momentum affects decision-making through mental models. It explains that our beliefs and intentions change frequently, creating a complex experience as we navigate conversations and situations. By externalizing these mental models, we can better understand and manage the dynamics of our interactions.

Venkatesh Rao On Infinite Loops

Venkatesh Rao discusses various topics including failures of imagination vs. failures of nerve, the \"paycheck people\" mentality in the industrial economy, risk-taking and privilege, and the importance of courageous decision-making in unlocking the process of meaning-making. He also explores the idea that rationality can lead to nihilism, and the need for people to test their agency by facing challenges that break their assumptions about the world. Overall, he emphasizes the importance of cultivating a nuanced understanding of risk and agency in order to navigate the complexities of

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Ten of My Favorite Papers on the Science of Learning and Thinking

Ten interesting papers on the science of learning and thinking.\nThe post Ten of My Favorite Papers on the Science of Learning and Thinking appeared first on Scott H Young.

Sparks of AGI: early experiments with GPT-4

The new wave of AI systems, ChatGPT and its more powerful successors, exhibit extraordinary capabilities across a broad swath of domains. In light of this, we discuss whether artificial INTELLIGENCE has arrived.

Falling Out Of Life

Asking important questions and an update on everything.

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Saurabh Mukherjea on the BIG Changes in the Indian Economy Investors should know | Dhanam

Saurabh Mukherjea, Founder & CIO, Marcellus Investment Managers speaking at the Dhanam BFSI Summit & Award Nite 2023, held at Le Meridien, Kochi on 22 February 2023. \nHe speaks about infrastructure, GST & taxation, banking & financing, Aadhaar, Jan Dhan, UPI, ONDC, economic formalization and more.\n\n--------------------------------\n\nVisit https://www.dhanamonline.com/ Kerala’s most authoritative business and investment news website with a global reach. A daily source of information and inspiration at your fingertips in the form of articles, podcasts, videos and more.\n\nStarted in 1987 as Kerala’s first business magazine, Dhanam is now a new-age media company that offers a wide range of products across print, digital and events. \n\nWith a positive and ‘beyond the ordinary’ perspective, Dhanam plays a key role in developing Kerala’s business landscape, building enterprises and brands.\n\nFollow us on:\n\nFacebook: https://www.facebook.com/dhanamonline/\nInstagram: https://www.instagram.com/dhanam_online/\nTwitter: https://...

The Demise of Credit Suisse

Plus! UBS: The Deal of the Decade?

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All Together Now

The Brooklyn Bridge was the largest structure in the western hemisphere when it opened in 1883.

Are We There Yet?📍

From paper to pixels and maps to markets - a two-part series on India's geospatial renaissance and \"the most important policy change since liberalisation\"

How Complex Systems Fail

All of the interesting systems (e. g.

Dark Forest: The Brutal Game of Modern Banking - Epsilon Theory

I think that the Big Banks' collective deposit of $30 billion in uninsured accounts with First Republic is the first step in solving the Dark Forest problem of the American banking system. Read more

Venkatesh Rao: The Art of Gig

Remote work, indie consulting & the gig economy

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If you don't take advantage of AI tools in 2023...

If you don't take advantage of AI tools in 2023 you may get left behind.\n\nHere are 10 must-know AI tools to increase your productivity 100x and finish hours of work in seconds:

40 Lessons from 30 Years

Nat Eliason shares 30 life lessons he learned by age 30, emphasizing that there is never a perfect time to make big life changes. He encourages taking action early, building real relationships, and finding joy in challenges. Eliason also stresses the importance of self-awareness and trusting your instincts.

EDGE Masterclass with Saurabh Mukherjea - A Checklist for the Modern Indian Investor | Q&A

​In this Masterclass, Saurabh Mukherjea will discuss how one can follow an automated investment checklist which when applied regularly, can reduce the chances of making investment mistakes and in turn maximize the potential of wealth generation for investors. This Masterclass would help us in selecting undervalued stocks and overweighting them in the portfolio combined with regular rebalancing.\n\n​As Warren Buffet once said, “Investing is simple but not easy”. Most of us don’t spend time dwelling on our errors. But if we did, we could create checklists that would eliminate those errors. To adopt a checklist is to embrace humility and admit our own fallibility. So please join us in this Masterclass as we do exactly that!\n\nRenowned journalist Govind Ethiraj will be hosting a Q&A with Saurabh Mukherjea after the Masterclass.\n\n​Key points we will be discussing:\n- How to build a long-only portfolio with a Quantitative fundamentals approach based on good investing principles.\n- Hold 35-45 stock portfolio diversified ac...

Double Tomahawk Overhand \"Sold!\"

Moontower #184

Weekly Latticework Newsletter - The Laws of Thermodynamics

We've found that one of the hardest parts of learning something new is knowing how to implement it and when.

The most useful ChatGPT prompts (in order):

The most useful ChatGPT prompts (in order):

Why Write

Why write an essay when you can type a few words and have AI generate one for you? Why write an email when AI can auto-respond for you with all the typical pleasantries and talking-points? While AI doing these things for you is likely to happen, it’s not necessarily a good thing. Even when these …\nThe post Why Write appeared first on Farnam Street.

10 Million Users And Rising Fast: Sri Mandir's Quest To Put A Temple In Every Phone\n10 Million Users And Rising Fast: Sri Mandir's Quest To Put A Temple In Every Phone

What happens when an elite team reimagines devotion for the smartphone age? We examine the product, business model, and impact of a category-creating startup built for India's billion Hindus.

lifehacks

be as specific as possible. define words not pointing directly to ground-truth. there’s no such thing as a coincidence for decisions: autoresolve (1) on specific date (2) to the more unpleasant one let people tell you no. don’t make the decision for them. if you’re ever confused about what to do, just do the right thing expectation of progress towards a goal is key to motivation. we are not motivated if don’t know next step. we are not motivated if we don’t know …

6 Tips To Write Viral Twitter Threads With Ease

5 lessons and frameworks you can use when writing your next Twitter thread.

Copywriting is just applied psychology

Copywriting is just applied psychology.\n\nSpecifically, applied cognitive biases.\n\nHere are 10 cognitive biases you can use to create high-converting copy.\n\nFrom a $100M marketer.

MS - Gold Lenders

Gold lending has been a business with supernormal ROE but low growth – and competition from banks is rising. Diversification is the way out, and Overweight-rated Manappuram looks better positioned than Muthoot both cyclically and structurally. Valuation multiples are also attractive for Manappuram.

PowerPoint Presentation

how bad Judith Butler's writing is

Inspired in part by the return of an age-old discussion about how bad Judith Butler's writing is (answer: it's pretty bad!) I've been thinking about advice on how to write well. I've argued before that a large proportion of such advice is useless, or self-contradictory, or regularly ignored by the person dispensing it. (\"Omit needless words,\" declares William Strunk, in The Elements of Style. Well, yes, but if you already know a word is needless, you shouldn't need to be told to omit it, and if you don't know it's needless, how is Strunk's advice going to help?) Still, three pieces of advice have made a concrete difference to my own productivity as a writer – and I think also to the quality of my writing, though that's not for me to say. Here they are, in case they might help you too: Good writing is pointing out. As Steven Pinker notes in his book The Sense of Style, writing is cognitively unnatural: it's such a new way of communicating, on the timescale of human evolution, that it's little wonder we struggle. ...

What if you never sort your life out?

In one of his talks or interviews – I've never been able to trace where I first heard it (UPDATE: it was a talk inside his Waking Up app) the author and podcaster Sam Harris recalls being in the middle of a long session of moaning to a friend, about all the crap he was dealing with at the time, when she interrupted him.

Sam Altman

Sam Altman

Letter to a friend who just made a lot of money

Congratulations on your new wealth! To manage it wisely, take your time, assess your strengths, and design a robust system that protects against risks. Remember, avoid envy and focus on building trust with those who manage your investments.

Today's Finds

I was interviewed on Isra Garcia's Disrupt Everything podcast.

Welcome to wallabag! - wallabag

Reddit - Dive into anything

Reddit - Dive into anything

Kill the Newsletter!

Convert email newsletters into Atom feeds.

Following dogs following us

I have been completely changed by dogs.

Unnamed Document

We’ve detected that JavaScript is disabled in this browser. Please enable JavaScript or switch to a supported browser to continue using twitter.

103 Bits of Advice I Wish I Had Known

Several years ago on my 68th birthday I wrote up 68 bits of advice for my adult children, and posted them here. The bits were extremely popular, and they were widely shared by others.

How To Start Writing Online: The Ship 30 for 30 Ultimate Guide

The first are legacy writers. These are people who still believe in the days of Hemingway, Faulkner, Dostoevsky, and Bukowski (among others).

private Google document

It looks like saved a private Google Doc to Reader. Unfortunately, these private Google Docs cannot be parsed into Reader like other documents on the web.

Leo Babauta took a month off. Lucky guy.

Sign in

Gmail is email that’s intuitive, efficient, and useful. 15 GB of storage, less spam, and mobile access.

Hacking twitter for fun and exuberance

The Atlantic

Just about everywhere a kid looks, they see versions of the same advertisement—the advertisement that says, “You’ll be happier with more stuff. Possessions are what matters most in life.

IPOs Are Different Now

Notion – The all-in-one workspace for your notes, tasks, wikis, and databases.

A new tool that blends your everyday work apps into one. It's the all-in-one workspace for you and your team

Save to Matter

Save-It-Later is a powerful feature. It turns Matter into a universal reader, like Pocket or Instapaper.

The all-in-one workspace for your notes, tasks, wikis, and databases.

A new tool that blends your everyday work apps into one. It's the all-in-one workspace for you and your team

The Biology of Investing

Nofsinger brings together scientific insights from a variety of fields to form a holistic view of the role of human biology in financial decision-making.

Maybe Treating Housing as an Investment was a Colossal, Society-Shattering Mistake

I. Alice is considering buying a house. Alice lives in Littleton, Colorado. While she hasn’t decided whether she will buy or rent, she knows she wants a house, not an apartment or condo. In a stroke of great fortune, she finds two eerily identical but beautiful houses on the same block. The only difference: one is for sale, and one is available for rent.

How to Generate Writing Ideas: Turn Your Mind into a Content Idea Generator

By the end of this blog post, you won't experience any of these 3 problems ever again: You're not sure what topics to write about, you're not sure how to find the topics you're credible enough to write about, you're not sure how to come up with engaging ideas about those topics.

17 tips for great copywriting

A gallery of real world marketing examples from successful companies. Want to perfect your cold email, boost referrals or improve SEO? Browse the case studies or filter by category. See something you like. And get inspired. It's like Dribbble, but for marketers.

Traction (Book Summary)

As a startup, traction trumps everything. If you get that, everything else is downstream and easier to sell for and we created a framework called \"Bullseye\" to help founders figure out where to spend their time, money, and energy

How To Create 1,000 Content Ideas In 11 Minutes

Before we dive in, it’s important to know that ChatGPT and AI writing platforms are not going to replace you as a writer. But they absolutely are going to change the way you write online.

The Lonely Search for Purpose

\"The unhappiest people in the world are those in the international watering places. Parties every night, golf every afternoon. Drinking too much, talking too much, thinking too little.\" -Richard Nixon

10 Ways to Avoid Being Fooled

Mental models for discerning truth

How To Craft The Perfect Twitter Bio (With 5 Compelling, Credible Examples)

One of the questions we get asked most often is, \"How do I write a Twitter bio to get people to want to follow me?\" So in this Deep Dive, we will walk you through the different types of Twitter Bios that work, and explain why they work the way they do - so you can craft the perfect one for yourself.

The Ultimate Guide To Using Twitter As A Creator

The 3-step system to use Twitter as a Creator, not a consumer.

How To Write Viral Twitter Thread Hooks (With 6 Clear Examples)

Like it or not, your hook is the most important factor in whether your thread sees success or goes nowhere. In this deep dive, we'll show you how exactly to craft viral-worthy Twitter thread hooks.‍

My Twitter Inspiration Handbook

When I started on Twitter I had no idea what I was doing. So I made one big Google Doc where I started saving all the best “brand tweets” and grouped them into categories. Today, it's ready to share. I hope you find it useful.

11 resources to become a better writer (and create better content)

This text offers 11 resources to improve your writing skills and create better content. The resources include tools for generating insights, rewriting for clarity, and getting feedback on your writing. Additionally, there are tips on creating an online presence, using AI tools for writing, and strategies for overcoming writer's block.

Citi - BITCOIN: At the Tipping Point

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The Reasonable Formation of Unreasonable Things

The majority of your lifetime investment returns will be deter- mined by decisions that take place during a small minority of the time.

Verdad - Crisis Investing

How to maximize returns during market panics

Investing in the Unknown and Unknowable

Richard Zeckhauser,Harvard University\r\nFromDavidRicardomakingafortunebuyingBritishgovernmentbondsontheeveoftheBattleofWaterlootoWarrenBuffettsellinginsurancetotheCaliforniaearthquakeauthority,thewisestinvestorshaveearnedextraordinaryreturnsbyinvestingintheunknownandtheunknowable(UU).Buttheyhavedonesoonareasoned,sensiblebasis.Thisessayexplainssomeofthecentralprinciplesthatsuchinvestorsemploy.Itstartsbydiscussing``ignorance,\"awidespreadsituationintherealworldofinvesting,whereeventhepossiblestatesoftheworldarenot known. Traditional finance theory does not apply in UU situations.Strategicthinking,deducingwhatotherinvestorsmightknowornot,andassessingwhethertheymightbedeterredfrominvesting,forexampleduetofiduciaryrequirements,frequentlypointthewaytoprofitability.Mostbiginvestmentpayoutscomewhenmoneyiscombinedwithcomplementaryskills,suchasknowinghowtodeveloprealestateornewtechnologies.Thosewholacktheseskillscanlookfor``sidecar\"investmentsthatallowthemtoputtheirmoneyalongsidethatofpeopletheyknowtobebothcapableandhonest....

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Three Big Things

The Most Important Forces Shaping the World

The Greatest Story Ever Told

How narratives shape the economy, and why our ability to tell stories is changing

5 Unexpected Reasons Why Modern Society Depresses People

What Should You Work On? — David Perell

People aren’t deliberate enough about choosing what to work on. To paraphrase the words of John O’Donohue, we are blind to the complacency that passes for ambition in modern society. Too many of our smartest minds are working on trivial tasks and spending their time in corporations where they feel invisible. The vast majority of my

5 Unexpected Reasons Why Modern Society Depresses People

Real Estate: The Best Alternative

The Getting Rich Thought Process (Part 1), Weekend is Part 2

The Getting Rich Thought Process (Part 2 of 2): Avoiding Traps

TCW.com - Why a Liquidity Crisis Is Heading to a Market Near You

In order to provide you the highest quality experience, please select your region and investor type below.

Welcome to Instapaper!

Instapaper is the best way to save and read web content. There are a number of convenient ways to save articles to Instapaper. Let's walkthrough your options...

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Steve Wozniak

Interview: Steve Wozniak , Co-Founder, Apple Computer If any one person can be said to have set off the personal computer revolution, it might be Steve Wozniak. He designed the machine that...

MS - Update: Bitcoin, Crypto and Digital Currencies

Driven by Compression Progress: A Simple Principle Explains Essential Aspects of Subjective Beauty, Novelty, Surprise, Interestingness, Attention, Curiosity, Creativity, Art, Science, Music, Jokes

In just 3 minutes, help us better understand how you perceive arXiv.

Writing That Works; How to Communicate Effectively In Business: Roman, Kenneth, Raphaelson, Joel: Amazon.com: Books

© 1996-2014, Amazon. com, Inc.

Letter to a friend who may start a new investment platform - Graham Duncan Blog

A friend of mine who is thinking about starting a new hedge fund recently asked for my advice. I wrote him this letter. While this friend is thinking of starting a hedge fund, I think many of the questions are relevant to starting any new platform. I know you’ve been thinking about starting your own […]

Peter Thiel: Uncommon Knowledge — David Perell

Here are the quotes that stuck out from Peter Thiel’s interview with Peter Robinson on Uncommon Knowledge. I’ve organized the quotes into discrete sections. And at times, I paraphrased Peter for the sake of clarity. Unless otherwise noted, everything below is a quote from Thiel. The Enlightenment You can distinguish the intellect and the will.

Library | Startup School

Browse through previous lessons by Startup School teachers and mentors

Improving Access to Finance for India’s Rural Poor

World Bank Report on Improving Access to Finance for India’s\r\nRural Poor

Philip Naudus's answer to What are some of the best methods to prevent tax evasion? - Quora

Please visit our contact page, and select \"I need help with my account\" if you believe this is an error. Please include your IP address in the description.

Memos

👋 I'm Sriram Krishnan. You can read more about me here.

What the Hell is Going On? — David Perell

In the past decade, the information environment has inverted from information scarcity to information abundance, and the effects are evident in every corner of society.

Money Making Machine

Your Most Clicked Stories on RadReads

Emotional Health During the Coronavirus Crisis: How to Cope with Anxiety and Manage Stress at Work

During the coronavirus crisis, it's essential to acknowledge and express emotions at work instead of suppressing them. Sharing feelings and supporting each other can help mitigate stress and anxiety, especially in challenging times. Managers should also prioritize their own emotional health to effectively lead their teams through uncertainty.

Two Separate Topics – Wasted Talent and 2021

The Technium: 68 Bits of Unsolicited Advice

YEAR 2022 — I am extremely optimistic about the future – despite reading the news. I give my reasons why we should be optimistic in this new 12-minute TED talk.

Reading | Austen Allred

These are the things that have inspired me the most or changed the way I live. You can find what I'm reading now on Goodreads.

105 Side Business Ideas You Can Start Today - Selz

How To Build A \"Practice\" Business And Make A Few Thousand Bucks Online – Indie Hackers

The article shares practical advice for building a small online business that can earn a modest income. The author reflects on his own experiences with failed startups and emphasizes the importance of learning from others to find success. By focusing on info products and a step-by-step approach, anyone can start making money online without needing a large team or significant funding.

Getting Financially Rich Alone – The Most Common Path?

A Shopping List for Christmas in September and Q&A Announcement

Bill Gurley Essays

Full Compilation Here Above the Crowd (The LostEssays): B Y B I L L G U R L E Y (Compilation, Introduction, and Categorization by Kevin Gao) Page 2 of 267 Full

Links — David Perell

My Favorite Links I’m on a mission to use the Internet to accelerate the spread of interesting ideas.  What follows is a collection of my favorite books, blogs, podcasts, and videos. I’ve spent years and years collecting these links and now, I’m excited to share the best of the best with you. In this collection,

Don't Kill Time — David Perell

If you’re okay with killing time, it’s not scarce enough.  Time is scarce, life is short, and as the grains of sand slip through the hourglass, so does the precious gift of time. Once gone, it disappears forever. We all know these things. And yet, at work and at home, we’re so lost in a

The Ultimate Guide to Writing Online — David Perell

Writing online is the fastest way to accelerate your career. It’s the best way to learn faster, build your resume, and find peers and collaborators who can create job and business opportunities for you. Content builds on itself. It multiplies and compounds. Day and night, your content searches the world for people and opportunities. Projects,

Episode 149 - Transcript — Philosophize This!

Jordan B Peterson's answer to What are the most valuable things everyone should know? - Quora

Please visit our contact page, and select \"I need help with my account\" if you believe this is an error. Please include your IP address in the description.

How to Create a Personal Vision Statement -

To create a personal vision statement, start by imagining your professional life 25 years from now and list your aspirations without worrying about how to achieve them. Next, identify challenges, opportunities, and strengths related to those goals. Finally, document your vision, ensuring it's motivating, and review it regularly to stay inspired and focused.

White Paper | Diem Association

Sai Whitepaper

BowTied Bull

#1 Paid Crypto Substack, Tech, RE and WiFi $. Equal Opportunity, Unequal Results. Not Legal or Financial Advice. Advisor for Synapse Protocol 2022-2024.

Not Boring by Packy McCormick | Substack

Tech strategy and analysis, but not boring. Click to read Not Boring by Packy McCormick, a Substack publication with hundreds of thousands of subscribers.

Asset Managment Lab -- Big Ideas.pdf

50 Ideas That Changed My Life - David Perell

David shares 50 ideas that changed his life. Read here.

Tinkov on Tinkoff — LONGRIVER

CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data

Genevieve Roch-Decter, CFA

Former $100MM+ Money Manager • CEO GRIT• “Incessantly Chasing ROI” • Seen in VICE, FOX & Bloomberg 🚀

The Performance Review Guide for Managers — Templates and Examples for Better Feedback

Performance reviews are key to accelerating your report's career. A former Airbnb Product Lead shares the conversation template that he's used to build high-performing teams and motivate growth all year long.

How To Start Writing Online: The Ship 30 for 30 Ultimate Guide

The first are legacy writers. These are people who still believe in the days of Hemingway, Faulkner, Dostoevsky, and Bukowski (among others).

Disciplined Entrepreneurship

Disciplined Entrepreneurship strives to teach you how to be an entrepreneur. It breaks down the necessary processes into an integrated and comprehensive 24-step framework to help you develop an innovative product.

What Is ChatGPT Doing … and Why Does It Work?

ChatGPT is a neural net designed to understand human language. It can generate text by learning from many examples. The neural net has billions of weights that help it capture the essence of language.

Why Smart People Believe Stupid Things

Intelligent people can believe in irrational ideas due to their ability to rationalize. Education and IQ alone cannot overcome biased thinking; humility and curiosity are essential for seeking objective truth. Admitting fallibility and embracing curiosity are key to overcoming biased reasoning and finding genuine understanding.

Why Smart People Believe Stupid Things

Intelligence is not rationality

Why Smart People Believe Stupid Things

Smart people often believe wrong things because intelligence can serve goals other than truth, like status or belonging. Skilled reasoning lets them justify beliefs they want to hold, not what is true. Humility and curiosity, not raw smarts, steer intelligence toward truth.

Most people suck at setting goals

Most people suck at setting goals.\n\nThe reason is they optimize for the destination, not the journey. \n\nHere’s what to do instead:

ChatGPT Is a Blurry JPEG of the Web | The New Yorker

OpenAI’s chatbot offers paraphrases, whereas Google offers quotes. Which do we prefer?

Childhoods of exceptional people

Let's do more of those

Childhoods of exceptional people

Let's do more of those

The Collison Decision Matrix: How to Make the Right Decision

There is a meta-skill of making the right type of decision for the situation. We tend to focus a lot of energy on making “good” decisions.

10 Reasons Your Beliefs Are Probably Bullshit

And 10 ways to de-bullshit your mind

How OCEN Is Democratizing Credit Access In India

Across the world, small businesses struggle to access credit and tap into formal financial markets.

What’s the Most Common Source of Awe?

A study found that people around the world most often feel awe from witnessing the courage, kindness, and strength of others. This moral beauty, shown in acts of selflessness and overcoming challenges, creates powerful emotional experiences. Stories of everyday heroism and exceptional talent inspire awe and highlight the impact of human connection.

EP-32 | Understanding Indian History with Advocate J. Sai Deepak | ANI Podcast with Smita Prakash

J. Sai Deepak is an engineer turned litigator turned author. His two books India that is Bharat: Coloniality, Civilisation, Constitution and India, Bharat and Pakistan: The Constitutional Journey of Sandwiched Civilisation are two voluminous well-researched books on the Indian civilisation. His views are hugely popular among a cross-section of the Indian population which believes that the way Indians have read and perceived the history of their own civilisation is through the prism of their colonial masters and that Indians constantly seek validation. On the other hand, some historians feel that J. Sai Deepak and other historians are whitewashing history through an unnecessary debate of native versus colonial prism. In an in-depth conversation with Smita Prakash, J. Sai Deepak busts historical myths which have been propagated by historians for decades. From Wahhabism to Sufism to the origins of the Two-Nation Theory he explains each topic meticulously. Throughout the conversation, he emphasises the fact that the...

Party at the Moontower

I meant to put together a summary and discussion of December’s Moontower survey. There are many interesting topics, especially in response to the open-ended questions that you answered so thoughtfully and vulnerably. Alas, I spent a lot of time writing the Money Angle For Masochists section so the survey summary is delayed until next Sunday. … Continue reading Moontower #176 →

Everyone is using ChatGPT

Many people use ChatGPT but don’t know how to make the most of it in their daily lives. Antonio Reza shares nine ways to improve your life with AI, including using it for WhatsApp, emails, and better search results. These tips can help you harness the power of ChatGPT effectively.

2 years ago, I was a dentist with zero entrepreneurial...

2 years ago, I was a dentist with zero entrepreneurial experience.\n\nI now make $10k per month as a creator.\n\nAnd I learned everything I need to know about business online. \n\nHere’re 7 great videos that will accelerate your business growth (for free):

The Bank that Never Sold - by Marc Rubinstein\nThe Bank that Never Sold

Plus: Net Interest Margins, Frank, BlackRock

The Art and Science of Spending Money

Former General Electric CEO Jack Welch once nearly died of a heart attack.

I’ve read hundreds of books in the past 5 years

I’ve read hundreds of books in the past 5 years.\n\nBut I could barely remember any of them - so in 2022, I set a challenge to re-read the best. \n\nHere’re 9 of my favourite (on business, life and philosophy).

Everyone’s using ChatGPT

Everyone’s using ChatGPT. \n\nBut almost everyone's STUCK in beginner mode.\n\n10 techniques to get massively ahead with AI:\n\n(cut-and-paste these prompts👇)

A Survey of Private Debt Funds

This paper surveys private debt investors in the U.S. and Europe, focusing on their role in providing financing to firms that banks consider too risky. The findings highlight that private debt funds manage significant assets and often lend to companies that would otherwise struggle to secure bank financing. Additionally, the study reveals differences in investment criteria and competition perceptions between U.S. and European private debt markets.

Don’t start a year. Start a Substack.\nDon’t start a year. Start a Substack.

The vast majority of our successful writers were readers of other Substacks first. So if you are reading this, the chances are already in your favor.

What even is an institution?

A recent alternative political compass proposed by Dennis Pourteaux proposes that the most important political divide of our present time is not liberty vs authoritarianism or left vs right, but rather how we think about \"institutions\".

Looking to start writing next year?

Looking to start writing next year?\n\nDon’t wake up and stare at a blank page.\n\nInstead, use these 23 templates to kickstart 2023 (by writing & publishing every day):

China Covid #4 - by Zvi Mowshowitz\nChina Covid #4

China has now decided to let Covid take its course, so it makes sense to spin developments there off into their own posts for a bit.

Indian Big Business

The evolution of India's corporate sector from 2000 to 2020

The Daily Stoic Wondery

‎Education · 2022

Bank Retailing - by Marc Rubinstein - Net Interest\nBank Retailing

Plus: Wise, Danske Bank, Happy Holidays

Consoles and Competition

On the business, strategy, and impact of technology.

Getting Started with Reader

Walkthrough guides can be really boring so we've laced ours with spicy memes to keep those dopamine receptors firing while while we subliminally teach you the basics of our reading software. We hope you don't mind a little fun.

Generation Rent - by Marc Rubinstein - Net Interest\nGeneration Rent

Plus: Trafigura, Sberbank, FlatexDEGIRO

Fundamentals of Distressed Debt as an Asset Class: Distressed Credit 2020 – Finding Gain in Turmoil and Pain

Video content of Conferences and Seminars hosted by CFA Society New York

Merlin's Wisdom Project (Draft)

Merlin's Wisdom Project (Draft). GitHub Gist: instantly share code, notes, and snippets.

Prepare for the Ultimate Gaslighting*

You are not crazy, my friends.

NBFCs CEOs Discussion: Electrifying Co-Lending

The document discusses a panel discussion among CEOs of non-banking financial companies (NBFCs) on the topic of co-lending. The CEOs highlight that co-lending between banks and NBFCs has emerged out of a necessity, as banks were unable to fulfill their priority sector lending (PSL) requirements. The co-lending model allows NBFCs to leverage the balance sheet of banks and generate additional profitability. The CEOs believe that the co-lending model is still in its early stages but shows promise for both NBFCs and banks in terms of capital efficiency and reaching out to the micro and small enterprise sector.

Getting Wealthy vs. Staying Wealthy

Good investing is not necessarily about making good decisions.

Getting Wealthy vs. Staying Wealthy

Good investing is not necessarily about making good decisions.

40 Mind-Expanding Concepts (Winter 2022)

Ideas to help you make sense of the world

How to become a truly excellent gift giver

A great present should have at least one of these three qualities. Here’s what they are.

Choose Good Quests

ready player one. what did you get done this week?

Decentralization - Not Boring by Packy McCormick\nDecentralization

The Era of Decentralization is coming.

Circle of Trust - by Marc Rubinstein - Net Interest\nCircle of Trust

Plus: Norinchukin, Jefferies, Ergodicity

Guide-to-Structured-Finance_2022

The book \"Guide to Structured Finance\" by Vinod Kothari, with assistance from Abhirup Ghosh, covers important topics like securitisation, credit derivatives, leasing, and real estate investment trusts. It highlights how structured finance is increasingly being used by financial institutions to meet specific needs. The second edition reflects changes brought by technology and aims to provide valuable insights to readers.

Opinion | The Fever Is Breaking - The New York Times

This has been a good year for liberalism.

The Latest Domino to Fall - by Marc Rubinstein\nThe Latest Domino to Fall

Plus: Sculptor Capital Management, Goldman Sachs, Retail Trading

A Few Good Stories

I recently had lunch with a guy who’s close with Warren Buffett.

Attention

Getting people's attention is challenging in today's world filled with distractions, especially on social media. Writers should respect their readers' time by getting straight to the point and using engaging stories instead of overwhelming them with facts. To build trust and maintain interest, it's important to present ideas clearly and relate new topics to what readers already understand.

Theorem_Quarterly_Letters_2020-2022

Very Important and Hard to Teach

The most important decisions in your life may be whether to marry, who to marry, and whether to have kids.

Crypto Cities

One interesting trend of the last year has been the growth of interest in local government, and in the idea of local governments that have wider variance and do more experimentation.

Substack Reads: Blonde supernova, the deadliest contraception, and wasting gourds\nSubstack Reads: Blonde supernova, the deadliest contraception, and wasting gourds

This week we bring you another feast of great writers and podcasters, many of whom we hope you are discovering for the first time—from language learners to compost experts, philosophers to critics.

What Fintech Forgets About Consumer Lending

Here’s a simple axiom:  It’s incredibly easy to give away money … the challenge is getting it back. If you’ve attended a financial services conference (especially recently), you’ve probably heard this statement being tossed out by a presenter or panelist. Depending on the conference, it may have been me! I know it sounds trite, but…

Brooks: Why Republicans are surging as midterms approach

Recent events have exposed some serious weaknesses in Democrats’ political strategy.

Another Bay Area House Party

...

From Urdu & Hindustani to Hindi & Sanskrit

In Just 199 Words we will be able to migrate maximum used vocabulary of Urdu/Hindustani to Pure Hindi which is very close to Samskrit. Teach these words to the upcoming generation to save ancient culture.

Little Rules About Big Things

A few things I’ve come to terms with…

The Substacker's Credo

TigerBites #1

28 Pieces of Life Advice

In honor of my 28th birthday, here are 28 pieces of life advice.

Margin Call - by Marc Rubinstein - Net Interest\nMargin Call

Plus: Consumer Health, HSBC

Expectations (Five Short Stories)

David Cassidy seemed to have the best life you could imagine.

Morgan Housel

Morgan Housel is a partner at Collaborative Fund and author of the book The Psychology of Money.

Makers vs. Takers - by Marc Rubinstein - Net Interest\nMakers vs. Takers

Plus: Liability Driven Investment, Mortgage Originators, Credit Suisse

Engaging With History

In 1963, LIFE Magazine asked author James Baldwin where he gets his inspiration.

The Optimal Morning Routine - Andrew Huberman

Andrew Huberman, Ph.D., is a neuroscientist and tenured Professor in the Department of Neurobiology at the Stanford University School of Medicine. He has made numerous significant contributions to the fields of brain development, brain function and neural plasticity, which is the ability of our nervous system to rewire and learn new behaviors, skills and cognitive functioning. \n\nHuberman is a McKnight Foundation and Pew Foundation Fellow and was awarded the Cogan Award in 2017, given to the scientist making the most significant discoveries in the study of vision. His lab’s most recent work focuses on the influence of vision and respiration on human performance and brain states such as fear and courage. He also works on neural regeneration and directs a clinical trial to promote visual restoration in diseases that cause blindness. Huberman is also actively involved in developing tools now in use by the elite military in the U.S. and Canada, athletes, and technology industries to optimize performance in high stres...

Scraping training data for your mind

2432 pages into Karl Ove Knausgaard’s autobiographicalMy Struggle comes a pivotal plot point: the publication of a new Proust translation in Norwegian. …

Mind Without Boundary

Unequalled insight on career and personal finance. Click to read Mind Without Boundary, by David Alade, a Substack publication with hundreds of subscribers.

How to Change Your Life in 1 Year

Big change is possible in one year if you commit to small daily improvements. \nPick a clear desire, make a simple daily plan, and track progress to adjust. \nZoom out often, reward small wins, and review old work to stay motivated.

First we shape our social graph; then it shapes us

The inside of a womb looks as it did 70,000 years ago, but the world outside has changed. In July 2021, when our daughter was born, the night sky didn’t light up with stars; it was lit up by the warm…

Chesterton’s Fence: A Lesson in Second Order Thinking

Before changing something, learn why it exists. What looks pointless may solve hidden problems or create worse ones. Use second-order thinking: consider the consequences of consequences.

Interview: Vitalik Buterin, creator of Ethereum

In which we talk about the big shifts in crypto.

The Ultimate Guide to Writing Online - David Perell

Think better. Grow your audience. Accelerate your career.

The Ultimate Guide to Writing Online

Writing from abundance helps you overcome writer's block by collecting and capturing ideas from various sources. Engaging in conversations and sharing your work with readers and editors refines your ideas and writing process. Developing a personal monopoly through consistent writing around a central theme can make you stand out in online communities.

52 things I learned in 2019

This year I edited another book, worked on fascinating projects at Fluxx, and learned many learnings.

Deglobalised Banking - by Marc Rubinstein - Net Interest\nDeglobalised Banking

Plus: Irish Banks, Big Tech Regulation, Stablecoins

Deglobalised Banking - by Marc Rubinstein - Net Interest\nDeglobalised Banking

Plus: Irish Banks, Big Tech Regulation, Stablecoins

Skincare and Working Out While Grinding 80+ Hours a Week

Level 2 - Value Investor

Makeover for Mickey Mouse?

QUICK HITS FROM GRIT

2U, Education, and Lead Generation - by Byrne Hobart

Plus! Politically Homeless Big Business; Seeding Content; The Long History of Momentum Investing; Tools and Networks; Anti-Clickbait

Family Fortunes - by Marc Rubinstein - Net Interest\nFamily Fortunes

The Origins and Growth of the Family Office

Family Fortunes - by Marc Rubinstein - Net Interest\nFamily Fortunes

Family offices manage large amounts of capital and invest in various assets. They provide personalized financial services to wealthy families, including investment management and estate planning. Family offices can evolve from single family offices to multi-family offices for greater scale and efficiency.

Stoicism: The Ancient Remedy to the Modern Age

Stoicism, an ancient philosophy embraced by figures like Marcus Aurelius, Thomas Jefferson, and Nelson Mandela, provides a timeless remedy for the challenges of the modern age. It encourages focusing on what can be controlled, such as our reactions and perceptions, rather than being distracted by external factors beyond our influence. By emphasizing virtues like temperance, gratitude, and the acceptance of fate, Stoicism offers a path to inner peace and contentment amidst the chaos and distractions of the digital era. By addressing emotions like desire, anxiety, and anger, Stoicism provides a practical guide to navigating life's challenges with resilience and wisdom.

Reality Catches Up

An asset you don’t deserve can quickly become a liability.

Reality Catches Up

An asset you don’t deserve can quickly become a liability.

This Is The Best Career Decision You Can Possibly Make

At birth, each of us is original. Our DNA has never existed before on this planet. No one will ever have our unique set of experiences. No…

The Most Important Sector in the Universe

The total value of the Chinese residential property sector is approximately $60 trillion – twice the size of the US residential market and bigger than the entire US bond market. Bigger than the entire US stock market, too. It is ... ummm ... having a moment. Read more

India at 75 - A quick big economic snapshot

Technological complexity and state capacity are higher than incomes suggest.

The Most Important Sector in the Universe\nThe Most Important Sector in the Universe

Plus: Brazil, Visa/Mastercard, Greensill

Forer Statements As Updates And Affirmations

...

The Origin of Wealth Book Summary (Or, An Introduction to Complexity Economics)

A summary of The Origin of Wealth, by Eric Beinhocker, where he introduces complexity economics and discusses wealth creation.

There’s no playbook for grief

I was pretty amped for this week’s essay. My editorial calendar had some good ideas queued up, especially as follow-ups to my 43 lessons at age 43. I wanted to dive into why it’s easy to make money. I wanted to deconstruct the desperation behind the 9-to-5 hamster wheel. But the powers that be had … There’s no playbook for grief Read More »

Battle of the Challengers - by Marc Rubinstein\nBattle of the Challengers

Anne Boden wanted to create a new type of bank in the UK while on a cruise in 2014. Her focus was on a digital bank centered around current accounts, unlike other neo-banks that focused on savings or credit cards. Despite warnings that current accounts are not profitable, she was determined to challenge the established banks that dominated the market.

Little Ways The World Works

If you find something that is true in more than one field, you’ve probably uncovered something particularly important.

What It Means To Be A Good Wife, From A Man's Perspective | theAsianparent

Considering your role as a wife, how would you grade yourself -- a good wife? Here the meaning is defined from a husband's point of view.

A Smart Bear » Rocks, Pebbles, Sand: How to implement in practice

This complete work-prioritization framework builds on the simplistic \"Rocks, Pebbles, Sand\" analogy, adding the details you need in the real world.

The Great Unwind - by Marc Rubinstein - Net Interest\nThe Great Unwind

Plus: Banks in Disguise (Naked Wines), JPMorgan's Reflexivity, Chinese Bank Protests

The Great Unwind - by Marc Rubinstein - Net Interest\nThe Great Unwind

Plus: Banks in Disguise (Naked Wines), JPMorgan's Reflexivity, Chinese Bank Protests

The Basics of a Balance Sheet explained from scratch 🧮➕➖➗

The Basics of a Balance Sheet explained from scratch 🧮➕➖➗\n\nIn this thread we will talk about -\n\n1. What is Balance Sheet\n2. How Balance Sheet is made?\n3. Each line items of Balance Sheet\n4. Why it is important\n\nRetweet for max reach!

Lifestyles

Fifty-four years ago this month, in a push for publicity, The Sunday Times offered £5,000 to whoever could sail solo…

A Smart Bear » Binstack: Making a maximal multi-dimensional decision

Decision-making involves selecting the best option from a set of choices based on various dimensions. It's crucial to not only make the best decision but also explain it clearly to others. Making smaller decisions about the impacts of each choice can lead to a more straightforward final decision.

Creating a Culture: The Case of Credit Suisse\nCreating a Culture: The Case of Credit Suisse

Plus: Money Men, Pagaya, Research Budgets

The Perils of Audience Capture

How influencers become brainwashed by their audiences

Independence is the highest form of wealth

A different way to think about money.

Lessons from expert entrepreneurs with Professor Saras D. Sarasvathy

It is one thing to start a venture, even a successful one. It is another to spend a lifetime in the trenches experiencing a variety of successes, failures and everything else that entrepreneurship has to offer. \nDid you know that expert entrepreneurs do not always begin with clear goals or brilliant ideas? Nor do they bet their farm on a vision no one else can see. In fact, the lessons they learn have to do with understanding that the future is fundamentally unpredictable, yet you can co-create it using things already within your control. \n\nListen to Professor Saras Sarasvathy, who has spent over two decades researching and teaching the profound yet practical lessons that expert entrepreneurs have learned the hard way.

Wealth vs. Getting Wealthier

Will Smith writes in his biography that…

DeFi: What it Is and Isn’t (Part 1)

I interviewed industry professionals at top law firms, investment funds, exchanges, and various decentralized finance (DeFi) projects, in…

New to Twitter?

“10 of the most useful websites on the internet (that you’ve probably never heard of):”

Farmers That Finance the World - by Marc Rubinstein\nFarmers That Finance the World

Plus: Inflation Accounting, Stress Tests, GameStop

Most people suck at writing

Most people suck at writing.\n\nWhy?\n\nBecause schools do a horrible job teaching it. \n\nLuckily, learning to write is simple — if you know where to start.\n\nAnd unlike college, it won't cost you 120k.\n\nUse these 6 dead-simple steps to 10x your writing (without the student loans):

My 40-liter backpack travel guide

Special thanks to Liam Horne for feedback and review.

Quotes from Seth Klarman Interview - The Transcript\nQuotes from Seth Klarman Interview

Selected Quotes from Interview with the Legendary Investor

How Markets Work - by Marc Rubinstein - Net Interest\nHow Markets Work

On the first day of August 2007, the author, who was working at a hedge fund, noticed unusual market behavior. Stocks they were short started going up, while stocks they were long started going down. This was a deviation from their usual strategy and caused confusion. The author highlights the unpredictability of markets and the challenges of navigating them.

How Markets Work - by Marc Rubinstein - Net Interest\nHow Markets Work

Plus: Norinchukin, US Mortgage Rates, Crypto Financial Crisis

Some ways to use ZK-SNARKs for privacy

ZK-SNARKs are a powerful cryptographic tool, and an increasingly important part of the applications that people are building both in the blockchain space and beyond.

Too Far

Every good idea and every admirable trait can be taken too far.

Luxury Beliefs are Status Symbols

The struggle for distinction

9 commitments every parent should make:

9 commitments every parent should make:

Why I Stopped Being A Leftist

Or any -ist for that matter

Verne: The Case for Hydrogen Fuel

The transportation sector is the fourth-largest global contributor of greenhouse gas (GHG) emissions, following Energy, Industry, and Agriculture. In the U.S., Transportation is the largest direct source of GHG emissions, representing 29% of total. This is why decarbonizing transportation must be a priority. Electric vehicles (EVs) are a viable solution to reduce CO2 emissions from passenger cars. But for long-haul transportation – which includes medium and heavy-duty vehicles, aviation, and maritime use cases – EVs have not offered a compelling solution given limitations in range and payload capacity. In searching for alternatives, hydrogen has been highlighted as the fuel of choice for its potential role in supporting a zero-emission, heavy-duty transportation industry. Hydrogen scales very well when there is a high-energy requirement and offers fueling speeds comparable to those of diesel. But challenges related to the sourcing, processing, and storage of hydrogen have limited its mainstream adoption. This is...

Once In A Lifetime

I want to try to explain part of why the world seems so crazy these days.

An Overview of Decentralized Science (Part 1 of 2)

Level 2 - Value Investor

Longreads + Open Thread

Private Government, Cheating, Entropy, Science, Stretch Wrap, Trains

Book Review: Talent - by Zvi Mowshowitz\nBook Review: Talent

Tyler Cowen will often praise a book by saying it is interesting on every page.

Opinion | The Greatest Life Hacks in the World (for Now) - The New York Times

Practical bits of advice that will change everything!

Designing and building compliant credit products

How to take a new credit product you want to launch and build it in a compliant way. The product requirements need to translate to acceptable regulatory

Different Kinds of BS

There are three important facts about bullshit: It’s everywhere, it’s influential, and it’s dangerous. The amount of publicly accessible information today would have seemed unfathomable 10 or 20 years ago. What used to be hidden is now free and abundant, from financial information to global news to insight into how millions of people live on social media. But are we actually better informed? Are we making decisions? Less susceptible to bad ones? Sometimes yes. But often the answer is no, or we’ve gone backwards, and part of the reason is that information turns into bullshit as easily as ice turns into water. Bullshit can go unnoticed because people are more concerned with lies. Lies, once spotted, are unmistakable and their damage is obvious. But bullshit stops just short of a lie, mixing the integrity of the truth with the deceit of a lie in a way that leaves both the bullshiter and his recipient feeling satisfied. If a company tells investors it has $20 million in the bank when it actually only has $10 million...

SBF and the Future of Markets - by Marc Rubinstein\nSBF and the Future of Markets

Plus: Klarna, Varo Bank, Market Liquidity

The U.S. must commit to making South and Southeast Asia rich

Fortunately it's a very doable goal.

Endless Uncertainty

The night before the D-Day invasion, a nervous Franklin Roosevelt asked his wife Eleanor how she felt about not knowing…

In Search of Stability - by Marc Rubinstein - Net Interest\nIn Search of Stability

Plus: Banking in the 70s, Goldman Sachs, Block

The Intellectual Obesity Crisis

Our addiction to information is clogging up our minds with harmful junk

3 Fintech News Stories

3 Fintech News Stories #1: Everyone is Moving Up the Open Banking Stack What happened? Stripe announced a new product: [Stripe is] taking the wraps off Financial Connections, which will let Stripe’s customers connect directly to their customer’s bank accounts, to access financial data to speed up or run certain kinds of transactions. These include…

The Mortgage Exchange: ICE Revisited - by Marc Rubinstein\nThe Mortgage Exchange: ICE Revisited

Plus: European Deposit Insurance Scheme, Private Equity Fundraisings, Stripe/Plaid

“I Have No Idea What to Do with My Life.”...

“I Have No Idea What to Do with My Life.” Read This.\n\n*Thread*

The Mortgage Exchange: ICE Revisited - by Marc Rubinstein\nThe Mortgage Exchange: ICE Revisited

Plus: European Deposit Insurance Scheme, Private Equity Fundraisings, Stripe/Plaid

The Imp of the Perverse

Why censorship will ultimately fail

Tweet from LifeMathMoney ₿

“I Have No Idea What to Do with My Life.” Read This. *Thread*

Unconscious Infant Choking Practice - Lay Rescuer

Learn how to give CPR with an AED to an infant who is unconscious and choking by watching the procedure performed on a manikin.\n\nFor more videos like this or to get CPR Certified please visit https://www.procpr.org\nProTrainings offers a variety of courses such as:\nBloodborne pathogens: https://www.probloodborne.com\nAnaphylaxis: https://www.proanaphylaxis.com/\nHIPAA: https://www.prohipaa.com/\nACLS: https://www.proacls.com/\nPALS: https://www.propals.io/\n\nFollow us on Twitter: https://twitter.com/procpr\nLike us on Facebook: https://www.facebook.com/procpr\nFollow us on Instagram: https://www.instagram.com/procpr

Becoming Trader Joe: How I Did Business My Way and Still Beat the Big Guys

Summary Joe Coulombe shares how Trader Joe’s came to be and some of his core operating principles. Key Takeaways His first rule for new ideas was to always think outside the box, but always consider our customers and employees. I began the transition of Pronto into Trader Joe’s. I resigned at the end of 1988. […]

Buffett's Banks - by Marc Rubinstein - Net Interest\nBuffett's Banks

Plus: Hedge Fund Performance: Man vs Machine, Capital Ratios, Venture Investing

Conscious Infant Choking

This conscious infant choking lesson is for situations where you can see that an infant is choking and he or she is conscious.\n\nFor more videos like this or to get CPR Certified please visit https://www.procpr.org\nProTrainings offers a variety of courses such as:\nBloodborne pathogens: https://www.probloodborne.com\nAnaphylaxis: https://www.proanaphylaxis.com/\nHIPAA: https://www.prohipaa.com/\nACLS: https://www.proacls.com/\nPALS: https://www.propals.io/\n\nFollow us on Twitter: https://twitter.com/procpr\nLike us on Facebook: https://www.facebook.com/procpr\nFollow us on Instagram: https://www.instagram.com/procpr

Unconscious Infant Choking - Lay Rescuer

In this lesson, you'll learn how to help a choking victim who is an unconscious infant. And just like our last two fictional choking scenarios, this victim went unconscious while you were trying to help them.\n\nFor more videos like this or to get CPR Certified please visit https://www.procpr.org\nProTrainings offers a variety of courses such as:\nBloodborne pathogens: https://www.probloodborne.com\nAnaphylaxis: https://www.proanaphylaxis.com/\nHIPAA: https://www.prohipaa.com/\nACLS: https://www.proacls.com/\nPALS: https://www.propals.io/\n\nFollow us on Twitter: https://twitter.com/procpr\nLike us on Facebook: https://www.facebook.com/procpr\nFollow us on Instagram: https://www.instagram.com/procpr

The single most important part of everything you write:

The single most important part of everything you write:\n\nYour first sentence.\n\nWhy?\n\nBecause 95% of people don't read past it.\n\nSo, you should spend 10x more time on it than you think.\n\nAnd here are 6 proven ways to craft a first sentence (that hooks your reader right away):

Infant CPR Practice - Lay Rescuer

Learn how to give CPR to an infant who is unconscious and not breathing by watching the procedure performed on a manikin.\n\nFor more videos like this or to get CPR Certified please visit https://www.procpr.org\nProTrainings offers a variety of courses such as:\nBloodborne pathogens: https://www.probloodborne.com\nAnaphylaxis: https://www.proanaphylaxis.com/\nHIPAA: https://www.prohipaa.com/\nACLS: https://www.proacls.com/\nPALS: https://www.propals.io/\n\nFollow us on Twitter: https://twitter.com/procpr\nLike us on Facebook: https://www.facebook.com/procpr\nFollow us on Instagram: https://www.instagram.com/procpr

Tokenomics 103: Utility

Even if a token has a great supply model, it still needs a good reason to exist and for people to hold it.

One HDFC - by Marc Rubinstein - Net Interest\nOne HDFC

The creation of India's largest private sector bank

Vitalik: Ethereum, Part 1

Haseeb and I interview Vitalik Buterin about Ethereum and blockchains. Also see Part 2. Transcript Welcome back to the podcast. We have with us Haseeb Qureshi, who is a partner at Dragonfly and someone I used to work with back when I was more active in crypto-land. More

Over the last 2 years, I've read over 50 copywriting...

Over the last 2 years, I've read over 50 copywriting books.\n\n95% of them were a complete waste of time.\n\nSo if you're looking to learn, let me point you in the right direction.\n\nHere are the 3 copywriting books I keep on my desk (that will teach you everything you need to know):

Infant CPR - Lay Rescuer

In this lesson, you'll learn how to perform CPR on an infant. Much of the process will look the same as adult and child CPR, but again there are some subtle yet crucial differences to take note of – namely, the techniques for performing chest compressions and delivering rescue breaths.\n\nFor more videos like this or to get CPR Certified please visit https://www.procpr.org\nProTrainings offers a variety of courses such as:\nBloodborne pathogens: https://www.probloodborne.com\nAnaphylaxis: https://www.proanaphylaxis.com/\nHIPAA: https://www.prohipaa.com/\nACLS: https://www.proacls.com/\nPALS: https://www.propals.io/\n\nFollow us on Twitter: https://twitter.com/procpr\nLike us on Facebook: https://www.facebook.com/procpr\nFollow us on Instagram: https://www.instagram.com/procpr

Tweet from 10-K Diver

1/\n\nGet a cup of coffee.\n\nIn this thread, I'll walk you through Income Statements:\n\na) What they are,\n\nb) What key things about a business we can learn from them, and\n\nc) Some important caveats we should keep in mind while reading them.

On Collusion

Over the last few years there has been an increasing interest in using deliberately engineered economic incentives and mechanism design to align behavior of participants in various contexts.

David Morris on Twitter

Parents have to choose their battles.\n\n8 fights worth picking with your kids: