karl11

5 ms·

1.
by karl11 3mo ago
Interview is gold, he is right.
2.
by karl11 3mo ago
Only losers think it doesn’t matter if it works.
3.
by karl11 5mo ago
Business owners carry a lot more stress than salaried employees (generalization but directionally true). They also don't have a "boss" that can fire them. Those two things are likely the reason for a higher likelihood of bad
4.
by karl11 6mo ago
I don't think there has ever been a company so poorly understood (willfully or otherwise) as Palantir. They make a software platform, it does not come with any data, does not come connected to any datasources, etc. You can literally si
5.
by karl11 1y ago
There is an important concept alluded to here around skin in the game: "the AI is not going to assume any liability if this code ever malfunctions" -- it is one of the issues I see w/ self-driving cars, planes, etc. If it mal
6.
by karl11 2y ago
Taylor Lorenz? Don’t forget your Gell-Mann Amnesia Effect as you read this…
7.
by karl11 2y ago
This article is basically nothing more than a headline - there is nearly zero reporting attached to it...
8.
by karl11 2y ago
Lack of manual journals would be a non-starter, I am actually not clear how a business could possibly run their books without manual journals. An example: you make something that uses 5 inputs. I have inventory and cost of goods sold accoun
9.
by karl11 2y ago
Check out the movie "Perfect Days"
10.
by karl11 3y ago
It's because every small business has this problem and need, and there are a lot of small businesses. But selling technology to small businesses is extremely hard.
11.
by karl11 3y ago
From the outside looking in, it seems to me that the biggest benefit of YC is the people you get to meet and build relationships with along w/ the advice and feedback and accountability to focus on the things that actually matter to gr
12.
by karl11 3y ago
HP-35s in RPN mode
13.
by karl11 4y ago
Revenue is irrelevant when looking at savings, you have to look at net revenue or gross margin. Majority of Spotify’s revenue goes to record labels. If you are making -40mm / yr then a $90mm swing is a huge deal. Also, can’t just look
14.
by karl11 4y ago
The thing about abortion that most people seem not to understand is that the debate is fundamentally about answering "when does human life start?". One side believes it starts at conception, which equates any abortion with murder.
15.
by karl11 4y ago
There is an old saying about biting the hand that feeds you…
16.
by karl11 5y ago
I love the irony in all the comments here criticizing his spreadsheets and arguments by people who have clearly not read the book or looked at the spreadsheets.
17.
by karl11 5y ago
Just to make sure I understand this — the argument is that in order to combat authoritarianism, Silicon Valley companies should censor more content?
18.
by karl11 5y ago
Seems no different than Costco's Kirkland Signature brand. Private labeling something as your own that is made by someone else (and not disclosing who) is not really a new concept.
19.
by karl11 5y ago
I bet that this ends up resulting in higher prices. Once hospitals know what the others are charging, it is more likely to cause the cheaper ones to raise their prices than it is the more expensive ones to lower them. Medical care is a scar
20.
by karl11 5y ago
Nothing, they provide the software for the data engineers and data scientists to use. It seems that the vast majority of people that have heard of Palantir totally misunderstand what the company actually sells (a software platform) and what
21.
by karl11 5y ago
Will be interesting to see how many of these employees take the severance when the company asks them to sign an NDA in exchange, which would likely includes a non-disparagement clause, and would also mean many of these tweets would need to
22.
by karl11 5y ago
Absolutely. But really there should not be capital gains tax as it is double taxation - you have already paid income tax on the same dollar.
23.
by karl11 5y ago
Author should consider data for wealth and class mobility. Inequality might be rising but also there is more mobility (upwards and downwards) than there ever has been. Meaning it has also never been easier for someone in poverty to become w
24.
by karl11 6y ago
Yes. And their names should be attached to anything they review (including the papers they reject) so that they have some skin in the game.
25.
by karl11 6y ago
When the demand is more inelastic, as it would be for fuel, the taxes need to be a lot higher to change your demand. I bet you would drive less if the gas tax was 500%.
26.
by karl11 6y ago
The purpose of something and the incentives it creates often do not overlap, hence the pervasive unintended consequences caused by government policy, corporate policies, and rules of all kinds. I do not see a logical argument one could make
27.
2020 Berkshire Hathaway Annual Letter [pdf](berkshirehathaway.com)
92 points by karl11 6y ago|85 comments
28.
by karl11 6y ago
Naked shorting is illegal
29.
by karl11 6y ago
What better way to find out whether or not this is true than with a real experiment? This is a fantastic idea, because we could see what alternatives actually look like. If you don't want to live there, you just simply don't live
30.
by karl11 6y ago
The censorship you don't like always starts out as the censorship you like. Whatever you think about Trump, it is not a good thing that 3 companies (Twitter, Facebook, Google) have the ability to effectively silence the democratically

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