Links for March 2018

World After Capital, with Albert Wenger – [Invest Like the Best, EP.80]

“My guest this week is Albert Wenger, a managing partner at Union Square Ventures and the author of the book World After Capital.

Albert studied economics at Harvard and earned a PhD in information from technology, but if you’d asked me to guess before looking those up, I’d have guessed that he studied philosophy because of how widely he has thought about the world and the impact of technology.

Our conversation is about how technology is changing the world from an Industrial Age to a knowledge age. We explore how cryptocurrencies, low cost computing, and regulation will impact our future and why the transition may require delicate care.”
-So many interesting points to consider
-Freedoms: Economic, Informational, Psychological (Mostly Attention)
-Basic Income, Full Reserve Banking, Financial Economy

We Get the Economy We Ask For: Towards a New Distributional Economics – Tim O’Reilly

Nassim Nicholas Taleb on Rationality, Risk, and Skin in the Game

Nassim Nicholas Taleb, author of Skin in the Game, talks with EconTalk host Russ Roberts about the ideas in the book. This is the third episode of EconTalk with Taleb related to the general topic of skin in the game and how it affects decision-making and policy in an uncertain world. This episode focuses on rationality, religion, and the challenge of thinking about probability and risk correctly in a dynamic world.

Saad and Taleb

A critique of Taleb from Amazon via FarnamStreet Blog

Jordan Peterson on 12 Rules for Life on Econtalk

Ryan Holiday Dissects Power and Money in Media on Masters in Business

Bloomberg View columnist Barry Ritholtz interviews writer and media strategist Ryan Holiday. Holiday was 19 years old when he dropped out of college to apprentice under Robert Greene, author of “The 48 Laws of Power.” He went on to become the director of marketing for American Apparel. His creative agency, Brass Check, has advised clients like Google, TASER and Complex, as well as many prominent bestselling authors, including Neil Strauss, Tony Robbins and Tim Ferriss. He is the author of six books, including “The Daily Stoic” and most recently “Conspiracy: Peter Thiel, Hulk Hogan, Gawker and the Anatomy of Intrigue.”

Deepmind AlphaZero – Mastering Games Without Human Knowledge

57 – Blue Steel: Tariffs, Trade and Trump – Adventures in Finance
Geopolitics consultant Peter Zeihan discusses in the second segment

Jim Grant: The great Bond BEAR Market has already begun! – MacroVoices
Erik Townsend welcomes Jim Grant to MacroVoices. Erik and Jim discuss new Fed governor Powell, treasury yields and how far the FED go before something breaks. They discuss his outlook on inflation, gold, junk bonds, China and the drivers of long term debt cycles. They reflect on History and what happened when the FED did not bail out the banks in 1920 and considerations on what actions the US government can take to deal with the debt.

Ray Dalio on How the Economic Machine Works (A stylized look at the Economic/Debt Cycle): A good review considering the state of the Canadian Economy

The World Through an API

Cambridge Analytica Uncovered: Secret filming reveals election tricksR

via Tim Ferris and other sources.
“He Predicted The 2016 Fake News Crisis. Now He’s Worried About An Information Apocalypse
. This piece should be required for anyone on the Internet. These technologies are going to affect everything. Things are sometimes murky and misleading on the web, and it’s going to get much more challenging. Here’s just a small taste from this article: “Already available tools for audio and video manipulation have begun to look like a potential fake news Manhattan Project. In the murky corners of the internet, people have begun using machine learning algorithms and open-source software to easily create pornographic videos that realistically superimpose the faces of celebrities — or anyone for that matter — on the adult actors’ bodies. At institutions like Stanford, technologists have built programs that that combine and mix recorded video footage with real-time face tracking to manipulate video. Similarly, at the University of Washington computer scientists successfully built a program capable of “turning audio clips into a realistic, lip-synced video of the person speaking those words.” As proof of concept, both the teams manipulated broadcast video to make world leaders appear to say things they never actually said.””