BC BUSINESS
Saved by @CodyyyGardner

This is an insightful article about what's wrong with Google as compared to Amazon, Microsoft, Apple and Facebook.

Which actually reminds me of the difference between organic and engineered designs: https://t.co/JMmSyBvA0J
Organic or biological designs are reusable designs from the ground up. They accommodate the needs of the environment because of the generality of the architecture. They don't pretend to solve just a narrow problem.
Architectures like biology that lead to general intelligence (i.e. like you) are from the ground up built from reusable components that encourage combinatorial mixing opportunities. One can never correctly guess the needs of the environment (i.e. market).
The opposite of generalization is pre-mature optimization. A company that has is genesis as a one-product company has a bias toward optimizing the entire stack. As a consequence, it compromises reusability and thus shuts of future opportunities of evolution.
The opposable thumb is shared by a common ancestor of the great apes and humans. However, apes have optimized for strength and not dexterity. As a consequence, lost this capability and thus further shut themselves off to an evolution path of higher intelligence.
The human jaw is weaker than apes because humans lost an important gene. However, the consequence of a weaker jaw was a jaw that was more flexible. Thus leading eventually to a richness in vocalization.
A key architectural feature for survival in the biological world is the reusability of the underlying components. All biological life shares the same nucleotides (4) and proteins (21). Evolution has somehow consolidated its design into a reduced instruction set (RISC) computer.
A second architectural feature is that biology is continuously testing its components. The above article points to the practice of eating your own dog food. One cannot achieve reusable components if these components are not subject to demanding environmental demands.
What persists in biology are those components that prove to be ubiquitously useful. Those that do not have an evolutionary path that is fragile and can at any time be replaced by a more useful alternative. Biology is continuously error-correcting for reusability.
Darwin's Theory of Evolution is commonly understood as a natural selection for environmental fitness. That is the goal of the species is to survive. However, this interpretation glosses over the fact that survival exists at a multitude of scales.
There is a constant competition of what gets propagated by a species DNA. An organism is engulfed by a multitude of bacteria and viruses that are also propagated to a species offspring. Parts of an organism are in a constant battle against alternative parts from its environment.
Humans lost the ability to produce vitamin C because of the abundance of fruits in the environments of human ancestors. The body does not have to create things that might be readily available in the environment.
Evolution thus is not a constant struggle for survival as a reading of Darwin may have implied. Rather, it is a constant struggle for usefulness. Every part of biology must justify its existence by revealing its usefulness.
Evolution is a story not of fitness, but rather of relevance.
Humanity is a story not of human survival but rather a story of human relevance to the universe.
Relevance is enabled by what David Deutsch @DavidDeutschOxf described as reach. The reach that is available to computation, biology, language and human explanatory capabilities is driven by the universality of it underlying components.
Reach is enabled by the interplay of first principles of modularity.
https://t.co/degRiNt0Oc
The openendedness of the universe, that fact that future has yet to be invented requires a mechanism to invent the unknown. This is a generative model that reformulates what is available from knowledge of the past, to invent an entirely novel future. https://t.co/ilLBULLJEO
@threadreaderapp unroll

More from Carlos E. Perez

Carlos E. Perez
Carlos E. Perez
@IntuitMachine
My attempt to map the research *doctrines* of various groups working on Artificial General Intelligence.


Although one might see names of individuals here as well as organizations, take it just as identification of the organization behind the person and a very narrow slice of their overall research portfolio.

Here is a @swardley map that captures the relationship of doctrine with other individual and organizational processes.


We can capture a party's doctrine by either an explicitly stated agenda or an aggregation of the kind of approach that is pursued. A doctrine is an invariant property of the overall behavior of a party.

In this map one can see the conflict between different parties (compare @garymarcus with the deep learning folks).
ARTIFICIAL INTELLIGENCE
Carlos E. Perez
Carlos E. Perez
@IntuitMachine
Constructivism is perhaps the most important idea that will shape the future of humanity. The ills of society are a consequence of the willful ignorance of constructivism.

There are two important definitions of constructivism, one comes from mathematics and the other from psychology. The mathematical definition leads rejects the law of excluded middle. It's relevant in understanding causation.

The psychological definition: "Humans actively construct their own knowledge, and that reality is determined by our experiences as a learner."

The models of causality that our brains invent to navigate the world is a consequence of our progressive development in the world we live in. Robert Kegan calls his theory constructive developmental theory to emphasize two important aspects of cognitive growth.

Cognitive growth is constructive as explained above. It is also developmental in the sense that our mental models of the world make abrupt changes as we grow in maturity. The symmetries in our models break and lead to new symmetries.
LIFE
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Carlos E. Perez
Carlos E. Perez
@IntuitMachine
The interview with CNBC of @chamath is a much watch because there is so much insight hidden underneath.

There are many things that caught my attention. The one thing was the abstraction that hedge fund strategies are all 'momentum' plays. What it seems to imply is that the marshaling of resources at an opportune time drives the future behavior of a stock.

From basic physics, we know that momentum is mass times velocity. So any 'momentum' tactic employs the variation of mass, velocity or both. Wrt stocks, mass is money and velocity is speed of trade.

We cannot argue that there are benefits of scale associated with having more money. Also, high-frequency trading has shown the value of high-speed trading. So in an abstract sense, market manipulation can involve a kind of momentum play.

The objective of stock trading is to buy a financial instrument at a low price and sell it at a higher price. The purpose of a momentum play is to front-run the decision process of other traders such that one acquires the assets before a decision is made.
BUSINESS
Carlos E. Perez
Carlos E. Perez
@IntuitMachine
It's a very different perspective when we realize that our bodies consist of an entire ecology of bacteria and viruses that are also passed to our ancestors. Mammals rear their young and as a consequence transfer the microbiome and virome to their offspring.


What does it mean to treat our individuality as ecologies? We are all ecologies existing in other ecologies. Nature is constantly performing a balancing act across multiple scales of existence.

There are bacteria and viruses that are unique to your ancestry as that of your own DNA. They have lived in symbiosis with your ancestor and will do so for your descendants.

It is an empirical fact that the microbiome in our stomach can influence not only our own moods but also our metabolism and thus our weight and health.

It is also intriguing to know that brains evolved out of stomachs and that our stomachs contain hundreds of millions of neurons. Humans can literally think with their gut.
HEALTH
Carlos E. Perez
Carlos E. Perez
@IntuitMachine
"Three modes of evolution have thus been brought before us: evolution by fortuitous variation, evolution by mechanical necessity, and evolution by creative love." - C.S. Peirce 1893

These words were spoken prior to the discovery of quantum mechanics and computation. What if Peirce knew of these discoveries? If so, how would he have conceptualized these evolutionary modes differently?

I believe there is an extreme benefit in revisiting the writings of great minds in the past and refining them based on scientific discoveries that occurred only in their futures.

wrote the book "A New Kind of Science" that speculated how science would be different if computers existed prior to calculus.

In the same way, let me explore C.S.Peirce ideas of evolutionary philosophy from the vantage point of knowing of the discoveries of quantum physics and universal computation.
HISTORY

More from Business

Nick Huber
Nick Huber
@sweatystartup
If you're new to real estate twitter this is a must-read.

A thread on how most real estate folks structure deals with outside investors.

Most GPs utilize the "preferred equity" structure when they raise money from outside investors. They "syndicate" deals.

Here's the basics:

The person (or team of people) putting the deal together is the "sponsor". Also called general parter. Referred to on twitter as the GP.

They find the property, do all the work, hire the management company and take fees. They often co-sign debt and always secure the financing.

The investor is generally passive, doing no work and putting in cash. This is the "limited partner". Referred to on twitter as the LP.

They don't co-sign debt. They simply read reports and ask the sponsors questions and cash checks every month (if the deal is going well).

There are two equity classes.

"Preferred equity" belongs to the LPs. Cash talks, so this is a higher class of shares. They are first in the "capital stack" behind the debt (bank loan).

"Common equity" belongs to the sponsor. They are generally last in the capital stack.

Sponsors generally co-invest. That means they hold both equity classes. A 10% co-invest is standard.

That means the GP has skin in the game. His 10% co-invest makes him both an LP and a GP.
BUSINESS
Mario \u201cI have a model for that\u201d Platt
Mario “I have a model ...
@madplatt
Compliance is fundamentally at odds with innovation and continuous improvement

Compliance tends to constrain operations to narrow sets of approved sequences of tasks as the means to assure the secure attainment of certain business outcomes. But at what cost ?

🧵

Operational practices have an emergent nature to them. They’re affected by people, their expertise, their relationships, their team goals, role perceptions and also member needs as humans and professionals.
In this entangled mess of variables, aspects practice-as-done are

Constantly morphed as a response to economic pressures (deadlines, business demands), workload demands (as people tend to automate or agree patterns to reduce cognitive load of tasks and become more efficient) and understanding of safety and security related barriers.

All of these tend to be fluid and non fixed. In this continuous interaction with the environment and different pressures acting on it, there are numerous opportunities for improvements which have local relevance and emerge out of local needs and interactions of elements. However

In order to do so, and to support innovation and continuous improvement the practices need to have a requisite level of variability so practitioners exercise their Fingerspitzengefühl (fingertip feel) for what works and what doesn’t, within their constraints and pressures
BUSINESS
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The Tycoon Mindset
The Tycoon Mindset
@tycoonmindset05
How Amazon makes money?

[ Amazon's business model decoded😃]

@dmuthuk @unseenvalue @FI_InvestIndia @Vivek_Investor @drprashantmish6 @caniravkaria

🧵👇


1/ A person named Jeffery earns 100 dollars per month and has an expenditure of 120 dollars monthly. He has a very good reputation in the society. So, he takes a loan of 1k dollars for a month and this 1k cash is invested in new business ventures.

2/ For the next month, he pays his liability back by taking a loan from another person for 1.5k dollars. The loan of 1k is paid back and the remaining 500 dollars are invested in another business venture.

3/ By the end of the month, he earns 150 dollars through his old and new business ventures but has a total expenditure of 200 dollars. He again is in a deficit of 50 dollars. To pay back his 1.5k dollar loan, he takes a loan for 2k dollars

4/ This cycle goes on and on. Jeffery keeps on taking bigger loans to repay the previous loan and the leftover extra loan is invested in bigger ventures which produce more expense than income.
BUSINESS , ALL , INTERESTING THREADREADERAPP UNROLL
a h
a h
@alexharfouche1
#irrationalebullience If you want to understand the nature of this asset bubble and the epic capital mis-allocation at it’s heart, look no further than rates. CB’s only tool to push an uber-levered financial system that is highly interconnected through derivatives
(1/N)

away from it’s natural convergence path towards collapse is to create opposing forces to push it towards divergence. Meaning: force, through financial repression, market participants to rely on price continuation, in a way that makes it self-fulfilling.
(2/N)

The tool used is rates as it is the basis off of which all other financial assets are priced. Today any buyer of $UST across the curve up to 30Y is guaranteed a loss given reals are negative throughout. So the only hope of escaping this GUARANTEED loss
(3/N)

is to angle for capital gains, i.e a continuous move downwards in real rates to push for some capital gains in real terms. The longer the financial repression lasts, the further investors are pushed out the maturity and credit risk curves.
(4/N)

Here are examples to understand what exactly is happening. If an investors buys a 5 Y UST he is guaranteed to lose almost 2% in real terms, so making that up in capital gains is much harder given the v short duration.
(5/N)
BUSINESS
Andrew John Rainnie \U0001f3f4\U000e0067\U000e0062\U000e0073\U000e0063\U000e0074\U000e007f #amwriting
Andrew John Rainnie 🏴󠁧...
@AndrewRainnie
Over the last week, I've been blocked by various people, including an MSP, for allegedly being a conspiracy theorist, trying to sow division within @theSNP and #indy ranks.

Nothing could be further from the truth. I want independence for Scotland, plain and simple.

But I still have the right to challenge people if I think something is wrong, legally or morally, as recent events within the SNP seem to be.

But anyway, I'm not talking about that. Today I'm looking at the @NowScotlandNow logo.

I'm not a fan. Just to be clear, I want Scottish Independence. But the logo for the new organisation, unfortunately, doesn't work as well as the previous YES ones. It's a mix of the colour and the font used, which presumably is referencing Charlies Rennie Mackintosh.


The italics and thin font means it doesn't stand out. Plus, I associate Mackintosh more with Glasgow than Scotland as a whole. So I took some of the elements of the last two and looked at alternative fonts (that are all free BTW)

This font is called ChuckFive. It's big, bold and brash and you can read it a mile off.
BUSINESS

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Sumit Grrg
Sumit Grrg
@sumitgrrg
These 10 threads will teach you more than reading 100 books

Five billionaires share their top lessons on startups, life and entrepreneurship (1/10)


10 competitive advantages that will trump talent (2/10)


Some harsh truths you probably don’t want to hear (3/10)


10 significant lies you’re told about the world (4/10)
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Engineer Who
Engineer Who
@Engr_Who
A long but must read thread. Udaybhan Rathore and myth making in Maratha history: An analysis. This is the thread on Udaybhan Rathore, who he was and how over the time period, his life was portrayed in maratha chronicles and pseudo history. (1/n)

Udaybhan rathore was the head of Bhinai thikana (84 villages) in Ajmer. He was the direct descendant of the famous Rao Chandrasen, Raja of Marwar (4th generation) who resisted Akbar all his life and never made any alliance with mughals like Maharana Pratap. (2/n)

Later in 1783, Maharaja of Jodhpur gave title of Raja to Bhinai family for their military service. Bhinai family and their direct descendant Raja Sh Mayuraj Singh still lives in Ajmer. Anyway coming to Udaybhan Rathore and story of Tanaji. (3/n)

Jai Singh's march on Shivaji and treaty of Purandar (1665) is a well known episode to repeat here. After getting the hill forts from Shivaji under the treaty, Jai Singh didn't have enough man-power to man every one of the small forts because of his next (4/n)

campaign against Bijapur. Jai Singh personally took over a couple of important forts like Kondhana (Sinhgarh), Purandar etc. Others were given to some mughals or their fortification walls destroyed. Jai Singh died in 1667 near Burhanpur while enroute to the north. (5/n)
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Dr Catherine Pemble is #SocialDistancing
Dr Catherine Pemble is...
@CatherinePemble
Right, screw it. Here's a thread on *that* FBLive by Alex Cairnie about #Govanhill. Lets do a watch-through shall we? (Mind, I'm a resident of Govanhill, and a sociologist. I'm also 5'3, and a visibly queer woman so if half his claims are true I should be living in terror)

00:30: Welcomes viewers and uses points out that his videos are only getting attention b/c they're 'horrific'. Directs folk to his Youtube page. So already clout hunting.

1:08: "I've been warned to stay out of Govanhill. I'm a marked man" (proceeds to use a beanie as a disguise)

1:30 "Laughing and joking aside, here's somebodys front garden." Proceeds to show litter and claim its thrown from windows and this is 'common'. I know a handful of streets with litter issues like this, but its neither common nor unique to #govanhill and other deprived areas.

2:10 "Don't be under any illusion I'm only showing you the bad bits" - only shows you the bad bits.

3:45: He's had offers of help, but hes said no because hes not responsible for 'anybody elses safety' Good lord.

5:01: "Its not that bad. But its not all good either" -Correct

6:00: TW: child abuse - He starts claiming to have been contacted by a health professional and told about child abuse 'in the area'. Huge ethical issues here as the 'professional' who has 'been in the game a long time' is reporting to Facebook Dude and not authorities.
HEALTH
SK
SK
@sk_diary1
Kolaru Pathigam-Thevaram hymn composed by ThiruGnana Sambandar- #Thread

In Tamil Kol means planets,Aru means cut- set of songs in Kolaru Pathigam addresses all Navagrahas& last 2 lines of every song with end a plea to Bhagwan Shiva to reduce/erase the ill effects of Navagrahas


கோளறு பதிகம் - This pathigam was sung by Thirugnana Sambandar at Thirumaraikadu Kshetram -Vedaranyam,Tamilnadu

Thirugnana Sambandar & Appar(Thirunavukkarasar) travelled together to various Shiva Alayam to spread shivam & bhakti among people.They both reached Thirumaraikadu.


Thirumaraikadu(Vedaranyam) -
Appar & Sambandar were asked to enter the temple through side entrance.The main door was locked by Vedas many years ago.Appar&Sambandar sang devotional hymns praising Shiva, after which the gates opened & closed.After which main door opened for all.


After darshan of Bhagwan Shiva at Thirumaraikkadu,Sambandar received a message to travel to Madurai.
During that time, Samanam was on the rise in the Pandya Kingdom.The Pandya King converted to Samanam.The Queen Mangaiyarkkarasi was a staunch Shiva devotee and was upset.

Kularchirai Nayanar ,Chief Minister of Pandya kingdom was in agony by the turn of events.Queen requested Kulachirai Nayanar to escort Thiru gnana Sambandar to Madurai.Kularchirai Nayanar met Thiru gnana Sambandar at Thirumaraikkadu & requested him to visit Madurai.
ALL
dan spaceman
dan spaceman
@ohlaika
ugh i wanted to do a thread about the wars in Star Wars and how the two outlying wars (the clone wars in the prequels and the cold war/civil war in the sequels) are really weird but i don't feel like it any more.

my first argument is that the Clone Wars were a really complex morally gray moment in Star Wars canon in like, 5 different directions and I'd kind of like to know why Lucas did that.

especially with the direct line that's drawn in the OT with the allegory of WW2 and Vietnam with the rebels being the Vietnamese and the Empire being America. That...doesn't exist in the Clone Wars.

for starters: it's weird it's called the Clone Wars. I get why, because that's what Kenobi calls it in STAR WARS, but the clones are a small facet in the larger story of the war.

the clones basically only exist as a macguffin in AOTC that is...extremely confusing ultimately. Because if you accept that Sidious has this grand master plan to use this war to destabilize the Republic and form an Empire...it's way too complex.
CULTURE