📚 Edwin's Highlights

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A batch of the best highlights from what Edwin's read, .

Take misinformation: As big a problem as it is in the United States, the reason it isn’t an even bigger problem is that because of the First Amendment, it has long been understood that the best response to wrong or harmful speech is counterspeech. The country has had a free press and many organizations dedicated to just such counterspeech.

AI Snake Oil

Arvind Narayanan and Sayash Kapoor

Well, it’s not luck. It’s not by eliminating outside influences or running away to quiet and solitude. Instead, it’s about filtering the outside world through the straightener of our judgment. That’s what our reason can do—it can take the crooked, confusing, and overwhelming nature of external events and make them orderly. However, if our judgments are crooked because we don’t use reason, then everything that follows will be crooked, and we will lose our ability to steady ourselves in the chaos and rush of life. If you want to be steady, if you want clarity, proper judgment is the best way.

The Daily Stoic

Ryan Holiday, Stephen Hanselman

This factor, I think, is under-weighed at many investment institutions, probably because it does not easily lead to quantitative thinking using modern financial technique. But some important factor doesn’t lose share of force just because some “expert” can better measure other types of force. Generally, I tend to prefer over direct foreign investment Berkshire’s practice of participating in foreign economies through the likes of Coca-Cola and Gillette.

Poor Charlie’s Almanack

Charles T. Munger, Peter D. Kaufman, John Collison, and Warren Buffett

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