fun facts

No, kerosene did not save the sperm whale.

Here’s a fun fact: inside a sperm whale’s head there’s somewhere between 2,000 to 3,000 gallons of spermaceti oil. “How we carried on exploiting sperm whales long after the conventional wisdom said we’d stopped.” ~ learn more

fun facts

Yak shaving.

“Etymology: Coined by Carlin Vieri in his time at the MIT AI Lab (1993–1998) after viewing a segment at the end of a 1991 episode of The Ren and Stimpy Show.” ~ learn more

fun facts

The P/E ratio that wasn’t.

“Here is where it gets funky. All stocks with a P/E ratio above 40 are rounded by the ETF protocols to 40, and all stocks with no (or negative) earnings are assigned a P/E of 40.” ~ learn more

fun facts

Unsure calculator.

At first it was not clear to me what this was. After reading about it, I became excited. This is basically a calculator that takes ranges as inputs and runs Monte Carlo simulations to deliver a probabilistic distribution of outcomes. […]

profiles of people

The search for opportunity.

“Michael Aubrey shares his unconventional path—from investment banking to his family’s parking business—before using a search fund to acquire StatLab Medical Products. He discusses the challenges of entrepreneurship, including nearly running out of capital, and lessons from scaling businesses.” ~ […]

on the blockchain

More praise for zkTLS.

“zkTLS is the first crypto-native technology that’s actually onboarding the masses, and I think it’s still wildly underrated.” ~ learn more

big ideas

Age of anomalies.

“The civilization that prevails in this century will be the one that most effectively converts crisis into a catalyst for transformation. These catalysts are not to be found among the comforting certainties of consensus.” ~ learn more

better doing

What coachability isn’t.

“Over the years as an investor, I’ve seen a fair share of founders who are coachable and not coachable. In today’s post, I’ll take you behind curtain of one such occasion of what coachability doesn’t look like.” ~ learn more

better doing

Hire people who give a shit.

“While it is not guaranteed that someone who gives shit will do great work, it is guaranteed that they will not do good work if they do not give a shit.” ~ learn more