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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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As part of my ongoing Informal Education PhD degree from Non-Existent University, I’m currently listening to Start Your Own Corporation by Garrett Sutton.I’d recommend it, and I’d highly encourage most any near millionaires (which definitely does not include me) to utilize LLC(s) and/or corporation(s) ASAP. (I purposefully didn’t mention limited partnerships in that.)It goes over the good entities (LLCs, corporations, limited partnerships) as well as topics related to them.The bad entities are sole proprietorships and general partnerships (which is what essentially any entity is by default). IMO, general partnerships are significantly worse than sole proprietorships and should be heavily avoided.If…
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You can’t live life according to a formula and achieve financial success.Any short post from any business guru about how to be financially successful is a hyper oversimplification.Instead of getting hung up on the ambiguity of life, you can use it to your advantage by implementing unconventional solutions.The best solutions to ambiguous are always unconventional. Incremental improvements (beyond the best conventional solution) matter little in unambiguous problems, but in ambiguous problems, a superior approach can create an exponentially huge impact.Take an AI business model as an example: a slightly better business model could redefine the entire industry. In contrast, while…
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People in the year 10,000 BCE would be able to understand what life was like in the year 1 CE.People in the year 1 CE would be able be able to understand what life was like in the year 1000 CE.People in the year 1000 CE would be able to understand what life was like in the year 1700 CE.People in 1700 would hardly be able to understand what life was like in 1900.People in 1900 would not be able to understand what life was like in 2000.People in 2000 would not be able to understand what life is like…
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Categories: Less Relevant (Other Business)
Why are most of the world’s richest people not from ultra‑rich families?Because in the long-term, growth rate beats everything.What distinguishes those who consistently achieve a higher growth rate?Execution is critical, but millions execute well. That’s not it.It’s the ideas, the solutions to the ambiguous problems.Think about it.Thousands of capable entrepreneurs had already launched internet businesses when Jeff Bezos was just getting started with Amazon.Amazon’s long-term vision was to become the store for everything, and to start with books: a brilliant answer to the ambiguous problem of pairing a bold vision with a feasible first model.While other talented executors went broke…
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A great business executive doesn’t have to be an accountant; as long as someone is acting as the accountant.A great business executive doesn’t have to be a visionary; as long as someone is acting as the visionary.Steve Jobs (the visionary of Apple in its beginning) happened to have much more business acumen than Steve Wozniak (the executor of Apple in its beginning).But, if Wozniak had that business acumen instead of Jobs, then Apple could have been just as successful with Wozniak as the head executive as long as he had the self-awareness to recognize that he needs Jobs for the…
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AI will make humans more useful, not less useful, and certainly not useless.Everyone from Bill Gates to me to probably you is questioning their value as a productive human in society based on how AI is and will continue to replace human jobs.AI might indeed make some of your skill sets less relevant, but it doesn’t make you less relevant.You know when AI gives a totally wrong answer that an expert in that field would never say? That’s because it doesn’t understand what it’s saying to an extent a human would. How much current AI understands what it says is…
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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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Below are some of the recent ideas off the top of my head I’ve gave people that were asking for ideas from the general public. All of the ideas below were just off the top of my head at the time. If I was to dig into the problem and apply my ideation processes, I would come up with some much better ideas/solutions. For anyone reading this, I’d be happy to give you some free ideas off the top of my head. They won’t be anywhere near as good if I got to dig into the problem and apply my…
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