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Alex Bilzerian
RT @bookletboy: "It is almost always gambling that enables one to form a fairly clear idea of a manifestation of chance; it is gambling that gave birth to the calculus of probability; it is gambling that this calculus owes its first faltering utterances and its most recent developments;" 1/2 https://t.co/ar5DIwinYj
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RT @bookletboy: "It is almost always gambling that enables one to form a fairly clear idea of a manifestation of chance; it is gambling that gave birth to the calculus of probability; it is gambling that this calculus owes its first faltering utterances and its most recent developments;" 1/2 https://t.co/ar5DIwinYj
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Alex Bilzerian
RT @WriteAheadLog: VCs: please less dinners and more lunches. It's much harder for parents to make it to a dinner. I want to meet your elite cadre of likeminded AI thought leaders, but my kids have booked my evenings for the next 18 years.
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RT @WriteAheadLog: VCs: please less dinners and more lunches. It's much harder for parents to make it to a dinner. I want to meet your elite cadre of likeminded AI thought leaders, but my kids have booked my evenings for the next 18 years.
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Alex Bilzerian
RT @alexbilz: 'Probability Theory: The Logic of Science' - E. T. Jaynes (2003, PDF):
https://t.co/SovBvml2eH https://t.co/aglKnHZvrN
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RT @alexbilz: 'Probability Theory: The Logic of Science' - E. T. Jaynes (2003, PDF):
https://t.co/SovBvml2eH https://t.co/aglKnHZvrN
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Alex Bilzerian
RT @bookletboy: "Mr. G owes $100 000 to a loan shark, and will be killed at dawn if the loan is not repaid in full. Mr. G has $20 000, but partial payments are not accepted, and he has no other source of income or credit." 1/4 https://t.co/QhP7XtX2Kf
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RT @bookletboy: "Mr. G owes $100 000 to a loan shark, and will be killed at dawn if the loan is not repaid in full. Mr. G has $20 000, but partial payments are not accepted, and he has no other source of income or credit." 1/4 https://t.co/QhP7XtX2Kf
Chen, Robert W., Larry A. Shepp, Yi-Ching Yao, and Cun-Hui Zhang. “On Optimality of Bold Play for Primitive Casinos in the Presence of Inflation.” Journal of Applied Probability 42, no. 1 (2005): 121–37. https://t.co/eBVafqCHEe. tweet
Alex Bilzerian
Textbooks & sailors' conventional knowledge held that cyclones simply could not develop that close to Earth's midriff.
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Textbooks & sailors' conventional knowledge held that cyclones simply could not develop that close to Earth's midriff.
Typhoon Vamei in 2001 formed at 1.4°N in the South China Sea, making it the closest tropical cyclone to the equator.
For centuries, it was thought that tropical cyclones couldn't form within 300 nautical miles of the equator. tweet
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Capital Employed
RT @jptissot1: I had the pleasure to be interviewed by @capitalemployed , the below interview has just been published.
Thank you very much @capitalemployed and @equitybaron Kingston for the invitation. I enjoyed very much answering your questions.
Here is a sneak peek of a question I liked a lot:
You state you hold investments for a long period of time as long as the management continues to execute.
What are the signs, both quantitative and qualitative, that would make you start to worry that management is going in the wrong direction?
Answer: This one is an easy one for me. When you invest you have a hypothesis of how a company can increase value. We should never imagine we have the true picture of reality.
Overtime, what happens with the company will let you know whether your hypothesis is correct or wrong. Once there are appearances of facts, you evaluate each one and compare it to your hypothesis and based on that analysis you calibrate your position (reduce or add) or exit the position.
Let me give you a quantitative example and a qualitative example.....
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RT @jptissot1: I had the pleasure to be interviewed by @capitalemployed , the below interview has just been published.
Thank you very much @capitalemployed and @equitybaron Kingston for the invitation. I enjoyed very much answering your questions.
Here is a sneak peek of a question I liked a lot:
You state you hold investments for a long period of time as long as the management continues to execute.
What are the signs, both quantitative and qualitative, that would make you start to worry that management is going in the wrong direction?
Answer: This one is an easy one for me. When you invest you have a hypothesis of how a company can increase value. We should never imagine we have the true picture of reality.
Overtime, what happens with the company will let you know whether your hypothesis is correct or wrong. Once there are appearances of facts, you evaluate each one and compare it to your hypothesis and based on that analysis you calibrate your position (reduce or add) or exit the position.
Let me give you a quantitative example and a qualitative example.....
FRESH OFF THE PRESS 🔥
Interview #101 with @jptissot1 from Arauca Capital.
Jean discusses in great detail a company he's super bullish on + much more. 👇
https://t.co/18AnAtnID4 https://t.co/bULcDkvWHA tweet
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Alex Bilzerian
RT @tiffani: My TED talk crossed 500,000 views the other day after going up a little over a week ago.
Best part so far, though, is people writing me talking about things they’re doing after having seen it.
Check it out if you haven’t seen it
https://t.co/ENxyclKCs0
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RT @tiffani: My TED talk crossed 500,000 views the other day after going up a little over a week ago.
Best part so far, though, is people writing me talking about things they’re doing after having seen it.
Check it out if you haven’t seen it
https://t.co/ENxyclKCs0
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Alex Bilzerian
RT @bookletboy: "...But reading some of the references will, I hope, enable the reader to visualize, at least in outline form, the kind of revision that might be possible were there alive today my much missed friend Leonard Jimmie Savage." https://t.co/7Y8pN5dkVc
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RT @bookletboy: "...But reading some of the references will, I hope, enable the reader to visualize, at least in outline form, the kind of revision that might be possible were there alive today my much missed friend Leonard Jimmie Savage." https://t.co/7Y8pN5dkVc
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