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Startup Archive
Elon Musk: “Be useful… Stuff doesn’t need to change the world to be good.”
Sam Altman asks Elon what he would work on today if he was 22 and looking to have a big impact.
Elon responds:
“First of all, I think if somebody is doing something that is useful to the rest of society, I think that’s a good thing… Stuff doesn’t need to change the world to be good.”
In college, Elon thought the five most important things to work on were making life multi-planetary, accelerating the transition to sustainable energy, the internet, genetics, and AI. But he did not expect to be involved in all of those things.
“At the time in college, I thought helping with electrification of cars was how I would start out. And then I put [pursuing a PhD at Stanford] on hold to start an Internet company in 1995 because there does seem to be a time for particular technologies… and I wasn’t entirely certain the technology I’d be working on [in the PhD program] would actually succeed. You can get a doctorate on many things that ultimately do not have a practical bearing on the world. I really was just trying to be useful. That’s the optimization. What can I do that would actually be useful?”
When Sam asks what the best way for someone to be useful is, Elon responds:
“Whatever the thing is that you’re trying to create—what would be the utility delta compared to the current state of the art times how many people it would affect? So that’s why I think something that makes a big difference but affects a small or moderate number of people is great. As is something that makes even a small difference but affects a vast number of people… The area under the curve would actually be roughly similar for those two things.”
Video source: @ycombinator (2016)
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Elon Musk: “Be useful… Stuff doesn’t need to change the world to be good.”
Sam Altman asks Elon what he would work on today if he was 22 and looking to have a big impact.
Elon responds:
“First of all, I think if somebody is doing something that is useful to the rest of society, I think that’s a good thing… Stuff doesn’t need to change the world to be good.”
In college, Elon thought the five most important things to work on were making life multi-planetary, accelerating the transition to sustainable energy, the internet, genetics, and AI. But he did not expect to be involved in all of those things.
“At the time in college, I thought helping with electrification of cars was how I would start out. And then I put [pursuing a PhD at Stanford] on hold to start an Internet company in 1995 because there does seem to be a time for particular technologies… and I wasn’t entirely certain the technology I’d be working on [in the PhD program] would actually succeed. You can get a doctorate on many things that ultimately do not have a practical bearing on the world. I really was just trying to be useful. That’s the optimization. What can I do that would actually be useful?”
When Sam asks what the best way for someone to be useful is, Elon responds:
“Whatever the thing is that you’re trying to create—what would be the utility delta compared to the current state of the art times how many people it would affect? So that’s why I think something that makes a big difference but affects a small or moderate number of people is great. As is something that makes even a small difference but affects a vast number of people… The area under the curve would actually be roughly similar for those two things.”
Video source: @ycombinator (2016)
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Quiver Quantitative
RT @QuiverCongress: JUST IN: Representative Andy Ogles has proposed legislation to use USAID funding to fund deportations.
Follow here for updates. https://t.co/pgfTy63Kio
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RT @QuiverCongress: JUST IN: Representative Andy Ogles has proposed legislation to use USAID funding to fund deportations.
Follow here for updates. https://t.co/pgfTy63Kio
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Offshore
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Stock Analysis Compilation
Aristotle Core Equity on GE Aerospace $GE US
Thesis: GE Aerospace is poised for strong growth in its commercial engine business, aiming for $10 billion in annual operating profit by 2028 and significant returns to shareholders.
(Extract from their Q4 letter) https://t.co/gvoUWZyBeG
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Aristotle Core Equity on GE Aerospace $GE US
Thesis: GE Aerospace is poised for strong growth in its commercial engine business, aiming for $10 billion in annual operating profit by 2028 and significant returns to shareholders.
(Extract from their Q4 letter) https://t.co/gvoUWZyBeG
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Dimitry Nakhla | Babylon Capital®
RT @DimitryNakhla: Novo Nordisk $NVO Reports a Strong Q4✅
✅Rev*: $12.26B vs $11.34B (est) | +28% YoY
✅EPS*: $0.91 vs $0.83 (est) | +28% YoY
*In USD
**Full Year results below (in DKK) 👇🏽 https://t.co/HpH9orVsHK
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RT @DimitryNakhla: Novo Nordisk $NVO Reports a Strong Q4✅
✅Rev*: $12.26B vs $11.34B (est) | +28% YoY
✅EPS*: $0.91 vs $0.83 (est) | +28% YoY
*In USD
**Full Year results below (in DKK) 👇🏽 https://t.co/HpH9orVsHK
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Stock Analysis Compilation
Heartland Value Fund on Delek US Holdings, Inc. $DK US
Thesis: Delek US Holdings, Inc. is substantially undervalued at $17 with an estimated worth of $31 per share, driven by potential recovery in diesel demand and strategic management actions.
(Extract from their Q4 letter) https://t.co/R9EGsFnnR6
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Heartland Value Fund on Delek US Holdings, Inc. $DK US
Thesis: Delek US Holdings, Inc. is substantially undervalued at $17 with an estimated worth of $31 per share, driven by potential recovery in diesel demand and strategic management actions.
(Extract from their Q4 letter) https://t.co/R9EGsFnnR6
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Dimitry Nakhla | Babylon Capital®
Amazon $AMZN Q4 2024 Report 🗓️
✅ Revenues: $187.8B (+10% YoY)
✅ Operating Income: $21.2B (+60% YoY)
✅ Net Income: $20.0B (+88% YoY)
☁️ AWS Revenue: $28.7B (+19% YoY)
💸 Ads Revenue: $17.3B (+18% YoY) https://t.co/JddBGLylqZ
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Amazon $AMZN Q4 2024 Report 🗓️
✅ Revenues: $187.8B (+10% YoY)
✅ Operating Income: $21.2B (+60% YoY)
✅ Net Income: $20.0B (+88% YoY)
☁️ AWS Revenue: $28.7B (+19% YoY)
💸 Ads Revenue: $17.3B (+18% YoY) https://t.co/JddBGLylqZ
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Hidden Value Gems
Surprised by the third most popular answer 🙂
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Surprised by the third most popular answer 🙂
If you use ChatGPT to summarise earning calls of your portfolio companies (instead of listening/reading transcripts), you probably hold too many stocks. Do you agree?
- Yes
- No
- I am ChatGPT/DeepSeek etc
- I dont understand the Q tweet
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