Excellent article. Crazy thing with PE I know from first hand experience is that the investors do not even get great returns. I was a small investor in a notable PE fund that 3x capital in five years. That’s a 25% gross IRR. The bet IRR to investors however was somehow 5.5%. So for every $1 you put in you got back about $1.4 and the PE firm took $1.6 in fees.
I don't have time to listen to videos. Too much wasted content in with the good stuff. I also can't transcribe from X - it doesn't allow it. There are so many issues within my sphere of interest that I can't remember enough information to respond to the 200 daily emails I subscribe to. What I'm trying to say is, I'm extremly interested in your work but can spread your information only through the written word. Usually by transcribing the most important points. You asked... Thanks.
I love that there is a transcript feature. What a time to be alive!
Maybe a non-sequitur: remember when "The Blockchain" was this huge thing in 2017-2018 and now all you hear about is GenAI? I think at the corporate level, people realized that Blockchain could be applied to produce secure, immutable ledgers, anathema to the bullshit machines that are LLMs. Hence, the lack of preference to apply blockchain to insurance, medical records, financial statements, POS systems, and government.
I'm optimistic that distributed trust nodes telling the story of market transactions can in part restore social trust, but I don't see any near term appetite until someone elite unveils a high profile public use case (outside of crypto).
Excellent article. Crazy thing with PE I know from first hand experience is that the investors do not even get great returns. I was a small investor in a notable PE fund that 3x capital in five years. That’s a 25% gross IRR. The bet IRR to investors however was somehow 5.5%. So for every $1 you put in you got back about $1.4 and the PE firm took $1.6 in fees.
Yeah I think a great deal of it is a scam of some sort
It’s sickening that women are pushed to work long hours, not see their own children, which is a God-given right and never get to know their neighbors
We are all strangers and it’s killing us
I totally agree. It's really hit critical mass recently, it seems, and now is starting to fall apart as a system and get even worse
This essay helped me clarify some of my own observations. Thank you.
Glad to hear it, thanks!
Pretty good essay. Hopefully we get mpre in the future
Thanks!
I don't have time to listen to videos. Too much wasted content in with the good stuff. I also can't transcribe from X - it doesn't allow it. There are so many issues within my sphere of interest that I can't remember enough information to respond to the 200 daily emails I subscribe to. What I'm trying to say is, I'm extremly interested in your work but can spread your information only through the written word. Usually by transcribing the most important points. You asked... Thanks.
Thanks! Good to know, I appreciate it
I love that there is a transcript feature. What a time to be alive!
Maybe a non-sequitur: remember when "The Blockchain" was this huge thing in 2017-2018 and now all you hear about is GenAI? I think at the corporate level, people realized that Blockchain could be applied to produce secure, immutable ledgers, anathema to the bullshit machines that are LLMs. Hence, the lack of preference to apply blockchain to insurance, medical records, financial statements, POS systems, and government.
I'm optimistic that distributed trust nodes telling the story of market transactions can in part restore social trust, but I don't see any near term appetite until someone elite unveils a high profile public use case (outside of crypto).
This thread of neckbeard scoffery is telling: https://www.reddit.com/r/datascience/comments/1e2pnsn/whatever_happened_to_blockchain/
yeah there's probably something there. They certainly like how they can get AI to push woke nonsense
These uncivilized, arrogant, subhuman, mongrel kids will never assimilate into White American society. Separation is the ONLY solution!