james22

Sure. But one's chance of success is greater in the US than elsewhere (easier access to networks, money, talent, customers).

That's pretty discouraging to capital formation, yeah? Easy to make progress when starting from zero (because of the previous central planning policies).

In 2019-2020; I had the chance to be in Silicon Valley for a year. Working for startup accelerator, biotech incubator and go to around 130 conferences / meetup. I met VCs, Academics from Stanford, Berkeley, Serial Entrepreneurs, Tech Workers working for Google, IBM, Amazon, Scientists working for Genentech, Pfizer, Bayer, Merck and more. I could clearly see the insane difference in terms of culture and what success looks like. Being an entrepreneur there and building company is everything while is Europe it is just starting. . . . The 2022 StartupBlink report reveals that the US maintains its dominance in the startup economy with a score four times greater than that of the UK, the second-ranked country. Sweden tops the list of successful startup ecosystems in Europe, followed by Germany and France. Despite being ranked as the 9th best startup ecosystem globally, France’s output is only 1/10 that of the US. https://mikelmangold.com/usa-vs-europe/

Where would you HQ your start-up?

I'd take it to mean, on balance (if you haven't already got it made), Europe doesn't offer the opportunities the US does.

Not the exact same things. How many Chinese want to emigrate to North America? How many North Americans want to emigrate to China?

Why would you think that? Understand, the (successful) bet in 1978 would have been on increased market liberalization, not central planning. Now you're betting against that?

Yeesh. Has China interfered with the market more or less since 1978? Has China been more or less successful since then? Only in your Bizarro World does central planning get credit for the success that followed its reform.

Sly, Soviet-style jokes are enjoying a subtle revival on Chinese social media platforms. Their art resides in being too obscure for censors to understand yet clear enough for cynics to chuckle at their mockery. Some are so esoteric that their satire is confirmed only by the censors’ decision to delete them — echoing the cat-and-mouse dynamic that distinguished dissident humour in the former Soviet Union. One joke this week monitored by the China Digital Times, a US-based site that covers Chinese affairs, belonged to this genre. It read: “While out and about on vacation, I stubbed my toe on something. Upon closer inspection, I saw it was a bronze lamp. It was smudged, so I picked it up and gave it a good wipe — and out popped a genie! The genie said it could grant me any wish. ‘Is that so?’ I said. ‘Well then, could you make you-know-who you-know-what?’ No sooner had the words escaped my lips than the genie rushed over, clamped my mouth shut, and asked: ‘Are we even allowed to say that?’” The author’s account appears to have been shut down after the joke was deleted. “Of course, by banning the joke and its author, censors merely proved the punchline,” commented the China Digital Times. “This is not the first time that ‘Soviet-style’ jokes have become Chinese realities.” https://archive.ph/4JcXa

Nothing allocates resources more efficiently than the market. ∴ China's success is inversely related to its market interference.

LOL If that were so, why wasn't China more successful prior to the 1978 market-oriented reforms? Why has China been less successful since Xi has reasserted state control?

Betting against central planning is always a good bet, Luca.

China Is Screwed: Pipe People https://www.battleswarmblog.com/?p=55184

Hey, I love the idea of autonomous ride-sharing getting those who don't like driving (and aren't good at it) from behind the wheel. Makes the roads safer for the rest of us. I just don't see adoption rates above ~50%. Too many like driving or have requirements that won't be accommodated. The world doesn't work like urban sophisticates think it does.

Sorry, didn't provide a link: https://alexberenson.substack.com/p/how-we-stopped-inflation-without? No idea why any discrepancy.

Setting aside things that are truly life and death, proponents dismiss as tail events things that are not (simply because they are unfamiliar with them): - RVing. - Overlanding/off-roading. - Trailering your boat/PWC to the lake. - Trailering your ATV/snowmobile/motorcycle to the trail. - Trailering your competition car to the track.

Are you very, very young?

. . . when you feed synthetic content back to a generative AI model, strange things start to happen. Think of it like data inbreeding, leading to increasingly mangled, bland, and all-around bad outputs. (Back in February, Monash University data researcher Jathan Sadowski described it as “Habsburg AI,” or “a system that is so heavily trained on the outputs of other generative AI’s that it becomes an inbred mutant, likely with exaggerated, grotesque features.”) It’s a problem that looms large. AI builders are continuously hungry to feed their models more data, which is generally being scraped from an internet that’s increasingly laden with synthetic content. If there’s too much destructive inbreeding, could everything just… fall apart? https://futurism.com/ai-trained-ai-generated-data-interview

Printing money will always be politically easier than cutting benefits or raising taxes.

This is a projection made by scolds living in large urban centers who seem to have little understanding of driving for pleasure. One in Three Americans Enjoy Driving a Great Deal (2018) https://news.gallup.com/poll/236813/adults-drive-frequently-fewer-enjoy-lot.aspx#:~:text=Although most Americans are spending,and 8% not at all. https://www.automoblog.net/people-still-love-driving/

On December 5, 2022, scientists at the Lawrence Livermore National Laboratory (LLNL) achieved something truly remarkable. After firing 192 lasers at a small pellet filled with deuterium-tritium fuel, the resulting reaction essentially created a tiny star for a few nanoseconds. Crucially, the energy created by this reaction was more than the energy put into the reaction. In other words, science had finally achieved nuclear fusion ignition. Until that point, humans had never been able to recreate the life-giving power generated in the center of our Sun on Earth. But for the first time, the clean energy promise of nuclear fusion—arguably the greatest energy source imaginable—suddenly seemed possible. Now, fast forward only eight months, and LLNL has achieved ignition again. But this time, they had even greater results. LLNL spokesperson Paul Rhien spoke with The Financial Times on Sunday, and said that “in an experiment conducted on July 30, we repeated ignition at NIF. Analysis of those results is underway, but we can confirm the experiment produced a higher yield than the December test.” https://www.popularmechanics.com/science/green-tech/a44754208/scientists-achieve-second-fusion-ignition/

Sure, but we're comparing the average growth rates/performance differential between small-mid caps and the large caps. I'm hoping for a SV (and International) comeback, but who knows? Maybe it's different this time?

Unlike equity investments, I assume investment properties are somewhat anchored to home value? Maybe not.