Graham, Benjamin. El inversor inteligente (Deusto) (Spanish Edition) (p. 676). Deusto. Kindle Edition

 Las mentiras más peligrosas son las verdades ligeramente distorsionadas.

G. C. LICHTENBERG

On AI

And that is it…there’s not much to add!

Another brilliant cartoon from KAL

👇

KAL’s cartoon

How Imaginary Numbers Were Invented

A great video that explains how imaginary number (thus complex numbers) were derived!

On top you get a geometrical explanation for the quadratic & cubic equation solutions!

Absolutely a must see. Enjoy!

 (picture generated by Bing Image Generator-> Imaginary numbers in a complex plane with Salvador Dali style)

Added a book to the library - The New New Thing: A Silicon Valley Story → Lewis

“…In the weird glow of the dying millennium, Michael Lewis set out on a safari through Silicon Valley to find the world’s most important technology entrepreneur. He found this in Jim Clark, a man whose achievements include the founding of three separate billion-dollar companies. Lewis also found much more, and the result—the best-selling book The New New Thing—is an ingeniously conceived history of the Internet revolution. …”

amazon.es/gp/product/B008UXLJN6/ref=ppx…

https://www.amazon.es/gp/product/B008UXLJN6/ref=ppx_yo_dt_b_d_asin_title_o00?ie=UTF8&psc=1 

Would you rather be a manager or a leader?

https://substack.com/profile/66725113-pedro/note/c-42899651?utm_source=notes-share-action&r=13q5fd 

I really struggle to divide both activities! For me Leadership (or to lead) is 1 of the 4 key activities any good manager has to master, the others are: (i) to plan, (ii) to organize and (iii) to control.

For me it was always a puzzle how one can you make such segregation. It is true that in your journey from junior to senior manager the leadership traits have to be significantly more developed, but that is part of the journey.

This dichotomy Manager vs. Leader will always be a puzzle to me (or not if we look where it started, but that is for a post in itself).

https://www.economist.com/business/2023/10/23/is-being-a-leader-really-sexier-than-being-a-managerEnjoy another great article from the Economist!

Quotes - Economic forecasts without underlying structure- The signal and the noise - Silver

 “…in contrast, if you just look at the economy as a series of variables and equations without any underlying structure, you are almost certain to mistake noise for a signal and may delude yourself (and gullible investors) into thinking you are making good forecasts when you are not. …”

“…. Who needs theory when you have so much information? But this is categorically the wrong attitude to take toward forecasting, especially in a filed like economics where the data is so noisy. Statistical inferences are much stronger when backed up by theory or at least some deeper thinking about their root causes….”

Quote - Economic Forecasters conundrum - The signal and the noise - Silver

 “…economic forecasters face three fundamental challenges.

First, it is very hard to determine cause and effect from economic statistics alone. Second, the economy is always changing, so explanations of economic behavior that hold in one business cycle may not apply to future ones. And third, as bad as their forecasts have been, the data that economists have to work with isn't much good either. …”