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Some high-level people are saying AGI is already here.I disagree.My minimum benchmark for AGI is simple:Can an AI replace a competent remote accounts payable clerk using only a normal laptop?Meaning: can it handle invoices, emails, files, spreadsheets, vendor portals, unclear instructions, normal company procedures, and whatever else a remote accounts payable clerk would be expected to do.Not “can it pass the Turing test.”Not “can it write code.”Not “can it generate impressive demos.”Can you give it total access to a normal, non-AI-optimized OS with internet access, a way to contact its manager, and a real accounts payable role, then trust it…
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Categories: More Relevant (Other Business)Tags: AGI, AI, artificial-intelligence, Best, Business, Career, Economics, Philosophy, Robotics, science, Space, technology
Economics is only about who owns what and how those assets are used. Even abundant EAGI (embodied artificial general intelligence) won’t change that. Control assets, apply efficiency, hope for luck; that equation doesn’t change.Active income = renting the only asset you can’t store, your time. Engineers, landlords, founders all do it. Passive income just substitutes someone else’s time (or eventually, an EAGI’s).We’re nowhere near AGI (artificial general intelligence) yet, but imagine EAGIs (robots controlled by AGI) becoming as abundant as smartphones.When EAGIs outperform humans at everything, the key question is who owns them. Own even one EAGI unit, and you…
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Categories: More Relevant (Other Business)Tags: AGI, AI, artificial-intelligence, Business, Career, Economics, Philosophy, Robotics, science, Space, technology
Here’s the link to the condensed version of this post. It’s about ownership. Even abundant EAGI (embodied artificial general intelligence) could never change that.Regardless of what happens with AI in the coming decades, it will still only be about ownership, as it always has been and always will be.The only goal in business is getting the most ROI from the resources you own. Efficiency (and luck) are the only ways someone might outperform another person.Economics is only about who owns what and how people/entities use what they own.Active income (whether as an employee or an entrepreneur) is just trading ownership…
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Categories: More Relevant (Other Business)Tags: Best, Business, finance, Funds, Investing, Investment, Money, personal-finance, Stock Market, Stocks
This is a business idea I devised only during the later part of today (2025-3-31)… a Drizzle Fund.A Drizzle Fund is a somewhat actively and somewhat passively managed fund, and is operated similar to how some middle-class value investors dabble in the stock market by themselves. A Drizzle Fund is a better type of fund for value investors.A Drizzle Fund only buys, holds, and sells stocks in qualifying stock exchanges. A qualifying stock exchange must have strict reporting requirements, and must have a proven track record for any stock having significant positive returns that outpace inflation on average.All of that…
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Categories: More Relevant (Other Business)
Elon Musk became by far the richest self-made entrepreneur by implementing his wildly unconventional solutions to “Complex Problems”. There were many other factors, but without those wildly unconventional solutions, he wouldn’t have even achieved 0.1% of his wealth.Luck was obviously the biggest factor. Philosophically, luck is always the biggest factor.Do you have the guts to be wildly unconventional?
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