From [[Josh Wolfe]]'s talk [here](https://twitter.com/wolfejosh/status/1665018308821745668). ## Cost of Capital - When low, it's like a tractor beam for the future, taking far out projects and bringing them closer to today --> Money flows, Many things get funded, many experiments get tried and a majority of them fail - When high and rising, only a fewer things get funded but the necessity and importance of them is higher. ## More things can happen than will ![[Pasted image 20230603231632.png]] - 100% of the information we have is based on the past, - 100% of the value is based on the future, which is inherently probabilistic - unknowable and uncertain. ## Directional Arrows of Progress ![[Pasted image 20230603231942.png]] ![[Pasted image 20230603231958.png]] ### Carbohydrates to Hydrocarbons to Uranium - Mankinds use of energy directional arrow of progress - Higher and higher density per unit of material ![[Pasted image 20230603232038.png]] [[General Market Direction]] ## Ask What Sucks? ## Be in a lesser competitive spaces off the beaten path ![[Pasted image 20230603232454.png]] ![[Pasted image 20230603232615.png]] ### Believe in yourself and stick with it ![[Pasted image 20230603232933.png]] ## Time Arbitrage can be where there is less traffic ![[Pasted image 20230603233206.png]] [[Fitzgerald Twain Schopenhauer]] ![[Pasted image 20230603233301.png]] ![[Pasted image 20230603233334.png]] ![[Pasted image 20230603233436.png]] *Perfect poetic justice* # 100-0-100 ![[Pasted image 20230603235500.png]] ## Pay attention to when parents say that it will rot your brain ### Half-life of technology See: [[Technology Intimacy]] ## Be comfortable being contrarian [[Time Price]] - Progress comes from the restraining inhibitory forces and controls we call criticism and error correction - The more a tech movement needs boisterous boosters and a choir of cheerleaders to attract attention, the less likely it will persist. - The continuous fight against disinformation requires a praxis of open systems, deception detection and error correction - Future-forming - taking the combinatorial possibilities of the here-and-now to transform them into the soon-and-will-be - The word technology originates from two Greek words: *techne* (meaning craft or art) and logia (meaning study or discourse). Technology is thus the mastery of the scientific knowledge of tools, machines, techniques and methods to very practically make and do stuff that solves problems.