Auren ๐‡๐จ๐Ÿ๐Ÿ๐ฆ๐š๐ง

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Should data companies become hedge funds since they have access to the front-line data that could potentially generate alpha? on โ€œWorld of DaaSโ€ podcast, @oroffer says NO. having data isnโ€™t enough. Itโ€™s not data companiesโ€™ core competence. Case study: Zillow and i-buying
For data companies, thereโ€™s an eternal tension between optimizing for accuracy vs. coverage. But accuracy isnโ€™t about being 100% accurate. Itโ€™s about being MORE accurate than competitors. After that, focus should be coverage. - @oroffer on โ€œWorld of DaaSโ€ Podcast
Data expenses are COGS and aren't actually COGS in data businesses
Pure play data companies are more like OEMs than SaaS companies. Data products are more like a car engine than a car ๐Ÿš˜ End users donโ€™t buy car engines, they buy cars. My chat with@orofferr about data businesses on the โ€œWorld of DaaSโ€ Podcast
Data businesses always face the build vs. partner problem. @oroffer likens it to running a sushi bar. Good sushi restaurants focus their energy on sourcing the highest quality fish (core ingredients) and partner for the soy sauce (commodities). More on โ€œWorld of DaaSโ€ Podcast
โ€œA unicorn that doesnโ€™t even breed more unicorns is an endangered species.โ€ @lindarottenberg, Co-Founder, Endeavor
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We are the first human beings to see a Mars sunset. Itโ€™s quite a thought Credit: NASA
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Health, wealth, and happiness are good for a toast, but not life goals. Your ultimate life goals should be really hard to achieve and not something people can be born with.
25 June 1900 | A Pole, Leon Zakฤ™s, was born in Jankowo. A professional soldier. In #Auschwitz from 14 May 1942. No. 35652 He perished in the camp on 1 August 1942.
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"Friendship is the most underrated human value." - David Gorodyansky
happy 90th birthday tomorrow to Julian Robertson. what a legend!
people often forgot that one of the most important thing about facts is that they are true.
Blockchain is anti-privacy in a weird way. Yes itโ€™s pseudonymous but once you transact on it, your data will always be on it and can never be deleted. - @antoniogm on the โ€œWorld of DaaSโ€ Podcast
Many people think about privacy in terms of human rights. @antoniogm thinks about privacy as a value exchange. e.g.: Sharing my info with doctors gets me better treatment. But one might not want to share info to get better ads. (on "World of DaaS")
in the long term, the costs of optionality usually exceed the benefits
Everyone I know is super religious โ›ช They might not be religious in a traditional sense but theyโ€™re all zealous about something important in their lives. @antoniogm discusses his decision to convert to Judaism on โ€œWorld of DaaSโ€ Podcast ๏ฟฝsafegraph.com/podcasts/antonโ€ฆ4
Overheard โ€œOptimists make it easier for luck to find themโ€
Instant mentorship: Pick up a book by someone you admire. Bonus is that person doesnโ€™t even have to be alive.
we've reached a point where fiction is actually more interesting than facts ... which is why so many things spun as "fact" are actually fiction
Should society either: Try to identify future Elon Musks among the billions of kids out there to prevent wasted talent Or try to convince all the already super smart students who are on track to become hedge fund managers to tackle societyโ€™s hardest problems instead?
the better the school, the worse the teaching. (my worst classes in college were taught by Nobel winners)
Practical advice for aspiring pro poker players from a former world champion: Find a different career. AI Solvers have become too good ๐Ÿ‚ก -@Liv_Boereee on the โ€œWorld of DaaSโ€ Podcast
How to get better at thinking probabilistically: ๐Ÿ”ฎMake at least 3 predictions every day about mundane things ๐Ÿ”ขUse numbers instead of words whenever possible ๐Ÿ’ตTry to look for expected value of outcomes, not just probability Fr@Liv_Boereeree on โ€œWorld of DaaSโ€ podcast
what is the best mesh wifi system (that is easy to set up) for large home?
Counterintuitive idea from @Liv_Boeree: do riskier things as you get older. Your baseline odds of dying increases each year due to aging. So the risk level of conventionally โ€œriskyโ€ activities is actually less risky as you grow older. ๏ฟฝsafegraph.com/podcasts/liv-bโ€ฆu
Freeport, one of the largest US plants exporting liquefied natural gas, exploded on Wednesday. Freeport represents a critical piece of infrastructure in Europe's divestment from Russian oil. Yet this story is almost no where in the mainsteam news, so let's dig in.
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Crowds are only wise when they donโ€™t talk to one another. Once crowds start talking, they go from wise to mad.
โ€œThe more the Internet exposes people to new points of view, the angrier people get that different views exist.โ€ @benedictevans
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New Twitter feature: if some links to an article behind a paywall, Twitter should auto label it as paywalled. Even better, you should be able to tell Twitter what services you pay for so it more likely shows you those tweets.
12 June 1929 | A German Jewish girl, Anne Frank, was born in Frankfurt. In 1942 on her 13th birthday she received an empty diary. She perished in Bergen-Belsen concentration camp in 1945. 'Human greatness does not lie in wealth or power, but in character & goodness.' (A.Frank)
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Overheard: โ€œYou will be judged on how well you treat those who can do nothing for you.โ€
one of the highest status things you can do is say "I was wrong about X and this is what I missed"
When raising money, the first thing investors look at is your LinkedIn profile (even before your deck). ... make sure the profile looks the way you want it to look before you start the fundraising process ...
one of the disadvantages of working from home is the massive amounts of ice cream I consume every day. one of the advantages of working from home is the massive amounts of ice cream I consume every day. ๐Ÿจ
most smart people over-value optionality and under-value commitment
just saw my first target online ad for the AARP. people data is still really, really off.
One of the biggest mistakes companies make when building a data science muscle is having a centralized data science team for too long ๐Ÿšซ On World of DaaS podcast,@jeremystann suggests that companies should embed them within functional groups like product and marketing
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