Join Platy’S Readwise Highlights
A batch of the best highlights from what Platy's read, .
The average return of the U.S. stock market has been 8.4% per year over the past 151 years (1871 to 2022); note that this is the “simple” average across all years (also known as the “arithmetic” average)
U.S. Stock Market Returns - A History From the 1870s to 2022 | the Measure of a Plan
themeasureofaplan.com
As I see it, the real pleasure of the taxi whistle is its outmodedness; the core of its charm is atavistic. In a world where virtually everything we do is mediated by technology, taxi-whistling is old-fashioned and physical: With just two fingers and one not even very deep breath, you can produce a delightful, if slightly shocking, noise. A loud, compelling statement — “Yo, over here!” — is always at the ready, literally at your fingertips. Nothing needs to be plugged in, charged or connected to a network. Not a single password (no passwords!) or two-factor authentication is required.
The Robots Can’t Take Taxi-Whistling Away From Me - The New York Times
Jon Gluck
PoW systems demonstrate economic stake in a cleverly indirect way: You buy a bunch of computer hardware and pay for a lot of electricity and do a bunch of calculations to prove you really care about Bitcoin. PoS systems demonstrate the economic stake directly: You just invest a lot of money in Ethereum and post it as a bond, which proves you care.
The Only Crypto Story You Need, by Matt Levine
bloomberg.com
...catch up on these, and many more highlights
Readwise