Linkfest August 2018

The Rise of AI
https://www.bloomberg.com/news/videos/2018-05-23/hello-world-canada-the-rise-of-ai-video

Ray Dalio’s Principles:

What the future of medicine could look like. A fascinating and wide ranging interview that looks at the role of technology, new tests, and much more: https://overcast.fm/+NmiSHY5lU/1:13:33

Data should be seen as labor rather than capital (Glen Weyl):

Next generation interfaces:
View story at Medium.com
“Forget what you’ve heard about brain implants — that’s too invasive and, frankly, pretty scary. The future of brain-machine interfaces is non-invasive. Instead of surgical implants, CTRL-labs uses state-of-the-art signal detection and machine learning to read your neurons from outside the body. The first step will be technology precisely picking up the signals from inside your body to control devices outside of it with little more than natural gestures. The next step — and we are already closer than most people realize — will be reading the intention directly from your brain.”

Got Privacy?

Privacy and algorithmic governance

Andrew Yang on Universal Basic Income:


https://ideas.ted.com/humanity-is-more-important-than-money-its-time-for-capitalism-to-get-an-upgrade/
https://samharris.org/podcasts/130-universal-basic-income/

Interesting series on trade:
05/25/2018 – This Is How the World Ends, Part V

Banks have a monopoly on credit creation, and use that monopoly power to invest mainly in the purchasing of existing assets (land,etc) rather than new tangible capital formation.

Past Kaggle (Data Science) Competition Solutions:
http://ndres.me/kaggle-past-solutions/
https://www.kaggle.com/sudalairajkumar/winning-solutions-of-kaggle-competitions
http://www.chioka.in/kaggle-competition-solutions/

R Finance Past Presentations:
http://www.rinfinance.com/RinFinance2018/
http://blog.revolutionanalytics.com/2017/05/watch-rfinance-2017.html
http://www.cvent.com/events/2018-r-finance-conference/custom-35-66f251bca58b4149a9fcc3aca1867dd7.aspx

Andrew Scott on “The 100-Year Life: Living and Working in an Age of Longevity”
“Jim welcomes Professor Andrew Scott, Professor of Economics at the London Business School, and co-author of The 100-Year Life. Professor Scott notes that with every new decade, lifespan is now increasing by 2-3 years, and a child born in 2007 has a 50% chance of living to 104 years old. They discuss how the traditional Three Stage Life (education, work, and retirement) is ending, and we may soon be looking at a 50-70 year working career. There are many risks ahead as well, as the emergence of Big Data and Artificial Intelligence will threaten millions of jobs in the future. There will also be tremendous challenges for society and especially government, as greater longevity will put even greater strains on the government to care for those unable to support themselves in extreme old age. Professor Scott emphasized the importance of people in their 60’s and beyond developing the ability to deal with change and adapt to new ideas.”

I’ve watched the FIRE (Financial Independence and Retire Early) / ERE (Early Retirement Extreme) movements for the last year. I think given long lifespans, the whole system will have to be re-thought. Returns from investments will probably be lower than most people except and some DB pensions will come under pressure in the future. However, I do like the idea of focusing what you can control (high savings rate) and also diversifying your income streams for increased resilience.
I also enjoyed Michael Kitces diagram on different approaches to retirement:

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