001sky

between /new and /firstpage

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edit: hope sw prevents prs/upvote rings from abusing)

you should be able to scroll a page and pick out the top 5 original comments...even without collapsing...

Point is, the first story on topic X has a random element. killing all other stories leads to monoculture.

legitimate issue is having 5 / 30 front page stories be topic X drowns out other discussion. solution is to have the bibliography become deeper...rather than spam the front page with the bilbiolgraphy-type stories.

no, not really. its only true specific contexts. which was the point of the previous comment. but you're right in the second part, that's sort of a confidence game...success begets success.

The risk is that advertising would also become a marginal phenomenon.

Its a huge leap to conclude "showing great passion" for something is equivalent to talent. I would say in photography, the industry is supported by two main business models: (1) supporting ad-driven media; and (2) dentist-level dilletante hobbyists. The actual scale of (3) "true artists" as in art-gallery-collector level is staggeringly small. However, it is the work of (3) that really drives (1) and (2).

Relatedly, it's a very difficult leap to correlate the various composites of "accomplished" with skill or underlying quality. Its not at all difficult to gain large followers on modern media platforms for reasons not at all relying on "quality".

Asymetric access to information will almost always trump "talent" whatever that is when it comes to media-driven distribution networks. It doesn't matter if it is "writing" or "reportage (photography)", if you have information that is not widely available otherwise people will 'like' it, 'follow it' or 'pay' for it. This is a simple cost-benefit analysis by the consumer (its easier and cheaper to consume the experience via media than by actual-real-world means). It says nothing really of the skill underlying the product...the talent of the "writing" or the quality of the "photography" can be quite incidental to the consumer who lacks the relevant choices (this is the asymetric information distribution at play).

This is why for the most part, journalists and pj's are not considered part of the artistic pantheon despite their widespread popularity...until they cross over using other formats (eg long-form/anthologies, published works, gallery exibitions etc).

The point being that weath and asymmetric information are higly correlated, emprically.

Wealth and artisinal-skill or artistic talent, not obviously, but in any even much more loosely, so.

Track stand on reg bike no problem. So that's a problem.

us is going to slow gdp when interest rates go up (look at fed...they are scared). so this is basically a stealth currency deval and a shot accross the bow to obama (sitting admin will take the hit if gdp in us goes south).

typically, this is crytpic and below the radar type of stuff but almost certainly is meant to broadcast a message.

just my $0.02.

xx and xy simply puts different brain chemistry at work. it doesn't mean that the variation disqualifies anyone from anything. the issue is much, much more subtle (like fast twitch vs slow twich muscles in athletes).

oversimplyin it simply makes a mockery of understanding & analysis.

the fact that you use 'brute strength' as an obvious irrelevant characteristic seems to play into this ignorance. ('brute strentgh' doesn't even matter amongst most athletes in most endeavors, at best its a gating criteria, but again what about endurance vs speed vs hand-eye co-ordination vs tactial application of effort?).

...and there's loads of science if you are bored

In this case, the more relevant number is $$ in and $$ out. and also the optionality to continue the business going forward. That is what seperates the two cases out, and arguably make the one quite distinct from the latter.

nice one

in the 20th century lots of new material

its importatnt to study the room to grow in every subject

and to constrast the positive space of what is know

with the negative space of what is not

most expertise is simply the ignorance of the unlearned

who hold certain people on pedastals because they don't

know better...think of doctors in the pre-civil war days

would the be considered "experts" today? highly questionable

yet they were the best resources that time/place could muster

every startup is exploring negative space in the market...that's growth potential

a new biz might be intelligent design, but that has nothing to do with evo bio

etc...

doctors are also scientists and biz people and human

And an 18th century doctors is no less a scientist because of his ignorance;

it doesn't make darwin a 'creationist' because he doesn't understand relativity or nuclear physics

obviously absurd example of course

https://www.sec.gov/News/Article/Detail/Article/135612578701...

This is probably a too-broad-brush use of the word.

Other than that, I like this essay.

People should be taught financial literacy early and accurately. Like learning maths notation: It's useful, compact and efficient. But...it must be precisely grasped/implemented to be of any benefit to speaker or the audience.

TLDR: music is distracting (in this context)

Going forward, this re-organization may very well allow capital allocation to be done at various legal entities a-la project or structured finance. That way, the risk/return of the various projects can be traded on more efficiently to the benefit of both investors and google/alphabet shareholders.

This is relevant in the larger context for asset intensive, long-time maturity investment areas --like fiber, self driving cars, etc -- that have fundamentally different economics than the core business (search/ads/youtube etc).