Tag Archives: Fortune

Peter Thiel: Funding intensive technologies means accepting weird, strange, and singular, ideas. – [VIDEO]

This is an addendum to my yesterday’s post on the “Audacious Optimism” event. His (excellent) point on weirdness is 2:50 into.

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Bill Gates, Warren Buffett, and all the “Giving Pledge” billionaires, should rather do what Peter Thiel does –go investing their cash and/or (liquidated) fortune in futuristic projects. – [VIDEO]

This morning, I wrote that I disaprove Bill Gates and Warren Buffett’s Giving Pledge operation, because I rather favor billionaires investing in young startups lead by visionaries. Well, just after the publication of that post, I stumbled on the “Audacious … Continue reading

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Why I am against those billionaires pledging to “give away” the majority of their wealth

Philanthropy has a low ROI. They should rather put their money in a VC fund, and invest it in promising ventures, lead by visionaries. Addendum: WSJ UPDATE: See Peter Thiel’s “Audacious Optimism” event.

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About the richest 1% of Americans who own roughly half of the entire nation’s wealth

Born Rich – by Jamie Johnson The One Percent – by Jamie Johnson

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What InTrade CEO John Delaney told the CFTC about “event markets” (prediction markets)

John Delaney (CEO of InTrade) – (InTrade PDF file – CFTC PDF file): July 4th 2008 The Commodity Futures Trading Commission Three Lafayette Centre 1155 21st Street NW Washington, DC 20581 U.S.A. Attention: Office of the Secretariat RE: “Concept Release … Continue reading

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Eliot Spitzer has simply demonstrated once again that those who rise to the top of organizations are very often the most demented, conflicted individuals in any group.

The only question that remains for those who work for such people and vote for them when they run is why we continue to be grossed out, shocked and scandalized when the very personality attributes that got them to the … Continue reading

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Journalism Failures — Big Time

— – In February 2001, Fortune magazine named ENRON the “most innovative company”. – In October 2007, Robin Hanson, on the Overcoming Bias blog, re-published the falsehood that James Surowiecki (and 3 other book authors in their respective book) made … Continue reading

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Science and Technology Prediction Markets + Media–Exchange Partnerships + Software for Prediction Markets

#1. Science and Technology Prediction Markets I hope that the Pop Sci prediction exchange will induce BetFair, TradeSports-InTrade and NewsFutures to float more science and technology event derivatives —which are “socially relevant”. #2. Media–Exchange Partnerships Is partnering with a media … Continue reading

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The man, Michael Bloomberg, runs New York City and may have even grander ambitions.

The company, Bloomberg LP, is a prodigious success and just keeps getting stronger. –> I recommend that you go reading this Fortune magazine story on the business behind the 250,000 Bloomberg terminals around the world. –> There’s something I don’t … Continue reading

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If legendary inventor Ray Kurzweil is right, the future will be a lot brighter –and weirder– than you think.

The smartest futurist on Earth – by Fortune magazine Being a hedge fund manager may seem an odd pursuit [*] for an expert in artificial intelligence, but to Kurzweil it’s perfectly natural. [*] It is.

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