19 Apr, 5 tweets, 1 min read
Bayes theorem is the heart of a great deal of practical probability. Imo, it should be taught in late middle school, and statistics/probability should replace calculus as basic math education after arithmetic. /1
2/ I probably use calculus once a quarter in my work (which includes a good ideal of applied math, derivatives modeling, quantitative portfolio management and risk assessment etc.). I use Bayes theorem *daily* both in work and in day to day life.
3/ Bayes theorem comes up constantly. I use it when I’m evaluating which vaccine to get, what hospital and medications to trust, interpreting political polls and policies, and even whether to take an umbrella to work.
4/ conditional probability informs a great many of our important decisions in both professional and personal lives. Whether we actually formalize that in an equation, or just apply the concept as rough intuition, we’re still using Bayesian probability.
5/ geometry is useful for teaching logic and linear thought. Calculus is obviously a foundation for many fields of science and engineering, but neither come remotely close to the universal applicability of conditional probability.

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More from @AriDavidPaul

20 Apr
Was asked an interesting question by an old crypto friend: he noted that I seem to assess some projects like mobilecoin very differently than others (in this case, Dash). In some cases I seem to care about the concentration of token ownership, but not in others. /1
2/ I assess companies and cryptocurrencies very differently depending on what they're trying to be and their target use case. For example, if you're valuing a local restaurant, you probably won't spend much time on their software or global brand.
3/ for a proof of stake network, the distribution of coin ownership is paramount, since that's what is literally securing the network. Ownership distribution is important but far less so for a PoW network.
12 Apr
"Every musician wants to be a comedian." <- a profound recruiting insight that I've learned the hard way. A thread. /1
2/ the quote references the idea that many musicians enjoy chatting up an audience in between sets. For some, it's not enough to be great at what they do (musician), they want to be involved in many things (general entertainment). It's the generalist vs specialist dilemma.
3/ Founders are often generalists, and generalists play a critical role in many organizations helping to synthesize and "see the forest for the trees." But an organization of nothing but generalists inevitably fails. Excellence in most areas requires specialization.
6 Apr
Crypto currently offers basically no economies of scale. I.e. with the same skills, a professional trader/investor will earn a far, far higher ROI running a smaller amount of their own money than launching a fund. /1
2/ fund management also brings it with expenses and headaches on the operational, legal, compliance, accounting, HR etc side of things. Join a fund if you want to learn, gain access to tools/platform, and moderately diversify economic exposure.
3/ launch a fund if you have the team/skills necessary (not just investing but ops, marketing etc), and want to spend 5+ years in an entrepreneurial grind to build a company.
5 Apr