Gain specific knowledge by making an observation

Posted on November 15, 2021

As defined by Naval Ravikant, specific Knowledge is the knowledge that you cannot be trained for it. It is located at the edge of knowledge and is very hard to figure out. To acquire specific knowledge requires a combination of existing tools but also creativity to combine them in innovative ways to create something new. To gain specific knowledge in your field you need to experiment. Everything starts with the question “what would happen if?“. 1. Make an observation Let’sRead More

How to build assets?

Posted on November 2, 2021

Generally, when people talk about investing they think it’s about buying assets. However, that’s not the case. There are plenty of activities in which one can build assets with little to no money. If you create a blog, you’re creating an asset. If you learn, you’re improving your asset. When you go to work, you’re creating value. All of these activities have different pros and cons but one could say that all of them will bring you more money. SomeRead More

Moving from power to talent

Posted on November 1, 2021

This is the most profound shift of all. Moving from the J.P. Morgan model of ambition to the Mark Zuckerberg model shifts the balance of power from capital to talent. Ambitious people have gone from writing cheques to writing code. Today the most ambitious individuals don’t own the means of production, if they can write code they are their own means of production (Marx would, perhaps, be surprised). This gives ambitious people unprecedented power.

The Veblenian Entrepreneur

Posted on May 30, 2021

For quite a long time I’ve been thinking that people tend to focus their time on easy things instead of focusing on the complicated ones in an attempt to avoid pain. People, in general, try to avoid harmful situations which leads them to take the path with the least pain possible (at least at the start) i.e. the easy path. In some cases, the easy and straightforward choice may become the worse long-term solution. But this scientific publication made meRead More

Moral hazard…

Posted on November 25, 2020

…that occurs when people don’t have skin in the game. If you’re able to place a bet and you get the wins but you won’t bear the losses why don’t you go all in every time? We should look for people that have skin in the game, they can still err but at least they will suffer the consequences. It’s very easy to bet on other people’s money and walk away when things don’t look good. It’s not only usRead More

Conspicuous consumption

Posted on November 1, 2020

The fusion of both words, conspicuous consumption, is a term coined by Thorstein Veblen in 1899 but it is easily applicable to modern society. It is an economic theory that does not shine optimism. Based on the meaning of the words separately Conspicuous: Attracting notice or attention. Consumption: The action of using up a resource. Put together, conspicuous consumption refers to buying expensive goods to display wealth rather than covering the real consumer needs. This economic theory criticizes the industrializedRead More

The new software: Advantages and disadvantages

Posted on September 29, 2020

Recently I published a post about the new software paradigm. The new paradigm of software is the one that the coder does not directly program each of the cases for any of the given inputs. The new paradigm uses training data to let the computer learn the outputs for each input. The computer programs itself while the coder and the software developer’s job is to prepare the data and set the target. The new paradigm seems to bring new challengesRead More

The new software: Less coding more data

Posted on September 1, 2020

Software like everything is evolving but it is evolving differently than I thought. When I was studying computer science at the university I thought that the future was parallelism. We were taught only one class in parallel programming. Multi-core computers were on the rise and it seemed to be the thing to learn. Since then my opinion has changed. There is indeed the need for parallel programmers but it is not as big as I had foreseen. Most of theRead More

Want to reduce the plastic usage? Try the wellness approach

Posted on August 25, 2020

We’ve been facing the problem of plastic usage wrong. Plastics cannot be recycled [1] and when they can be recycled it is not an easy straight forward process. Yet, everyone is using them out of convenience. They are cheap and nobody cares about the environment when it comes into conflict with their pocket. The solution? Studies should be found to find if plastics are nocive to human health. If people worry that they or their kids will get cancer, theyRead More

Europe can do better and you know it

Posted on May 5, 2020

Europe for many centuries has been the center of the world. The cradle of the current civilization and the spark that ignited the fire of industrialization. We got into a position where we got comfortable. Across many centuries European countries colonized the world leaving a huge mark still noticeable nowadays. But we got complacent. Luckily we didn’t come to a grinding halt. It takes time to slow down. We were the first countries to be industrialized and keep progressing atRead More