Letter From a Birmingham Museum

The goal of most Narratives is to convince you to sit down and shut up. But every once in great while, their goal is to fight fire with fire – to make you start thinking when others are telling you to stop.

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The Acrobat and the Fly

Many of the memes that drive our political behaviors inherently push us toward Competitive Games and tribalism. Resisting these memes means losing both arguments and credibility – and we have to be willing to do both.

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A Taxonomy of Humans, Evolution and Aliens (by Silly Rabbit)

Leonid Moroz has spent two decades trying to wrap his head around a mind-boggling idea: even as scientists start to look for alien life in other planets, there might already be aliens, with surprisingly different biology and brains, right here on Earth. Those aliens have hidden in plain sight for millennia…

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Before and After the Storm or: Make America Good Again

What does the path of history tell us? What does the aftermath of one of America’s greatest natural disasters and human tragedies tell us? What can we do to survive and escape a Competitive Game that doesn’t allow us to pull away from the table? If you’re reading this, you’re probably in the investment industry, or at least have an interest in financial markets. If you’re in the investment industry or in the financial markets, you like to win. So you’re not going to like my answer.

We play. And we lose.

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Revenge of the Humans, Emojis & Mushrooms (by Silly Rabbit)

Portfolio Manager — Of all the roles this is where I think things really need to change in terms of who sits in this seat. It can no longer be hedge fund bros, they simply won’t survive here. Nor will the pure gunslingers and tape readers, gone. And you certainly don’t want the pure quants sitting in this seat. PMs of the future are going to be far more interpersonal and process driven….

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Data Access Battles, Creative Thinking & Full Script AI (by Silly Rabbit)

A couple of weeks back I shared a link to the story of ImageNet and the importance of data to developing algorithms. Ars Technica reports on two ‘at the coalface’ battles over data access with HiQ and Power Ventures fighting with LinkedIn and Facebook over data access. I’m not advocating a position on this but, to be sure, small — and currently obscure — court cases like these will, cumulatively, end up setting the precedents which will have a significant impact on the evolution and ownership of powerful algorithms that are increasingly driving behavior and economics.

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AI BS Detectors & the Origins of Life (by Silly Rabbit)

Confidence levels for the Social and Behavioral Sciences, Claude Berrou on turbo codes and informational neuroscience, and thermodynamics in far-from-equilibrium systems.

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Whom Fortune Favors: Things that Matter #1, Pt. 2

Part 1 of this note highlighted the supremacy of the risk decision in portfolio construction. In this follow-up, Rusty observes that many investors may be assuming that the natural risk of asset classes is “right” for them.

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Whom Fortune Favors: Things that Matter #1, Pt. 1

President Camacho

Of all the decisions you make as an investor, how much risk you take outweighs all of them. It is more important than costs, more important than diversification, more important than picking the right stock / fund / investment.

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AI & Video Games, Tricky Chatbots and More… (by Silly Rabbit)

AI and video games, tricky chatbots, the quantum age has officially arrived, and your high dimensional brain.

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Long Short-Term Memory, Algorithms for Social Justice, and External Cognition (by Silly Rabbit)

DARPA funds a graph analytics processor, exploring long short-term memory networks, auditing black box predictive models, fast iteration and language from police body cameras.

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