The AI Threat Isn’t Skynet. It’s the End of the Middle Class – Link here. The lines that caught my attention
“I am less concerned with Terminator scenarios,” MIT economist Andrew McAfee said on the first day at Asilomar. “If current trends continue, people are going to rise up well before the machines do.”
“A universal basic income doesn’t give people dignity or protect them from boredom and vice,”
“Anyone making confident predictions about anything having to do with the future of artificial intelligence is either kidding you or kidding themselves,”
I believe what truly we “investor community” like about investing is the intricacies of the business, from how it is started to its run and to how it gets in a problem and how it comes out a problem. Most of the time we learn about legal business, here is article about one illegal business, written by famous author Suketu Mehta – Queens of the Stoned Age – Link here – few lines that caught my attention
“Dispatchers get 10 percent of each sale; the runners get 20 percent, which averages out to $300 or $400 a day. Several of them, according to Honey (owner), “are paying off their NYU student loans.”
“He says the greatest threat to his industry (weed) is not the cartels or the cops; it’s the “men in suits”—the drug companies. Monsanto, he claims, is actively researching a way to create the most potent weed. “It shouldn’t be Monsanto, shouldn’t be Marlboro selling a pack of pre-rolled joints,” he tells me. “It’s a plant, it’s a weed. It’s not dangerous. Big business is the dangerous part. Big corporations are going to juice it full of stuff, carcinogens.” – (probably a time one should relook at investment in Monsanto)
Trump Puts U.S. Valuation Premium at Risk – Link here
Code-Dependent: Pros and Cons of the Algorithm Age – Link here – below is the first of many para that caught my attention, after that every other para seemed insightful, meaning which I would have literally copy-pasted whole article.
Our algorithms are now redefining what we think, how we think and what we know. We need to ask them to think about their thinking – to look out for pitfalls and inherent biases before those are baked in and harder to remove. – para following this gives an idea of future job which probably doesn’t exist right now.
Anatomy of a Bull Market – Link here – it’s fully based on US indices, however the insights into the various bull market is very interesting.
Getting Rich vs. Staying Rich – Link here – line that caught my attention
Charlie Munger, one of AmEx’s largest investors said this week: “If you think you know what the state of the payments system will be 10 years out you’re in a state of delusion.”
On Pain, Understanding, and The Illusion of Happiness – Link here – the line that caught my attention
If you most people what they are trying to do, the answer is trying to be happy while “Happiness, as we imagine it, was probably inconceivable – if not laughable – to our ancestors, whose short and difficult lives were primarily occupied with the necessities of survival.”
Yet, while our lives have become cleaner, safer, and more convenient, we are perhaps less happy than our exhausted and miserable ancestors.
Decision Making amid Uncertainty: Six Steps to Improve Your Process – Link here
Here’s why the majority of hedge funds may never be able to beat the market again – Link here
The robot that takes your job should pay taxes, says Bill Gates – Link here
Driven By Male Reluctance, India’s Contraceptive Use Falls, Population Surges – Link here – gives you insight why street is bullish on Piramal Enterprise (i-Pill)
Human Embryo Editing Gets the OK—But No Superbabies – Link here