The map required the AI to make judgement calls about hundreds of little choices, and it just made them, without me understanding the choices or having a chance to weigh in. In many ways, it is miraculous (I can always ask for edits at the end) on the other, it turns AI into the ultimate black box.
You might also like
Most people think about incentives as financial. The real incentive is truth. If you create a culture where people can tell you the truth, you will make better decisions than your competitors. And making better decisions than your competitors over a long period of time is the only sustainable advantage.
Kareem Amin — Invest Like the Best with Patrick O'Shaughnessy
The moment you know the truth and you don't say it, you've broken something inside yourself. And I think the accumulation of that over time is what leads to people who are fundamentally not effective leaders, because they've taught themselves to look away from hard things.
Kareem Amin — Invest Like the Best with Patrick O'Shaughnessy
The key insight is that permanent capital changes your relationship with time. You're not managing to a fund life; you're managing to the life of the business. That means you can make decisions that are bad for the next quarter, bad for the next year, but right for the next decade.
Vlad Barbalat — Invest Like the Best with Patrick O'Shaughnessy