Half of all the CO2 emitted annually come from just 10% of the global population. Not surprisingly, from the richest 10%. And in case you think you are not rich, this is the top 10% global income, which is 99% of everyone living in the U.S., Canada, Europe, Australia, New Zealand, and Japan. The “Global North”. Meanwhile, most of my work is spent focused on Africa, where 90% of the...
I’ve talked about the proverbial hockey stick growth in years past, as well as the challenges of predicting the future, but what I’ve yet to mention is the tendency to expect future growth to be linear rather than exponential. Above are four graphs of four technology products, three of which which have seen exponential growth in the last few years: Solar panels (PV), Electric cars...
AI is a tool. A misnamed tool at that, as the AI in the news these days is a complex web of statistics and matrix multiplication that resembles human intelligence, but which is far from actually intelligent. They are big, innovative, step-function-changing tools, like the printing press vs. hand copied books, like the typewriter vs. hand copied letters, like word processors vs. hand typed...
The more I dig into the history of Berkshire Hathaway, the more it looks like Warren Buffett’s strategy is opportunism vs. innovation. For example, the reason Buffett operates one holding company instead of three was a run in with the SEC, as I explained in an earlier post. The reason he runs Berkshire Hathway instead of just owning it through Buffett Partnerships LLC is an even earlier...
