Highly recommend watching the latest TED Interview between @TEDchris and @elonmusk!



To save you some time in case you can't watch the full video, here's a series of 16 highlights from the interview below: 👇 🧵
1// The Importance of Optimism & Positive Thinking:

"We want to wake up in the morning and look forward to the future. We want to be excited about what's going to happen. Life cannot simply be about solving one miserable problem after another". - @elonmusk
2// There's a pendulum between "tech pessimism" and "tech euphoria".

> Extreme Pessimism: Nobody works on anything if the future is sad or in a state of disarray.

> Extreme Tech Euphoria: Nobody needs to work on anything because tech is rapidly innovating and solving problems.
3// There are 3 elements in a sustainable energy future:

>> Sustainable energy generation
>> Batteries & battery storage
>> Electric transport
4// Musk estimates that the amount of battery production that the world needs for energy sustainability is an estimated 300 terawatt hours of batteries.
5// "The only way to solve full self driving is to solve real world AI and sophisticated vision" - Musk

Studying a unified vector space and development of labeling (instead of just image recognition on individual images) is aiding in the advancement of self-driving technology.
6// Self-driving technology continues to improve and gain adoption.

>> "Over 100,000 people are in [Tesla's] self-driving beta program" - Musk

>> "The [#Tesla] car currently drives me around Austin most of the time with no interventions" - Musk
7// Optimus (Tesla's robot) is among the most important product developments going on at Tesla this year.

"This [Optimus & Tesla's robots] is going to be bigger than the car" - Musk

Wow...👀 🤩
8// The intersection of biological intelligence and digital superintelligence presents both fascinating positive possibilities and some risk factors.
9// The purpose of establishing a multi-planetary species is to maximize and extend the probable longevity of human civilization, humanity, and consciousness.

#SpaceX #Space
10// Estimated employee count, according to Musk:

>> Tesla has about 110,000 people
>> SpaceX has about 12,000 people
>> Boring Company & Neuralink each have about 200 people.
11// Musk's reasoning for SpaceX currently remaining a private company:

"The making of a multi-planetary species is outside of the normal time horizon of Wall Street analysts". 😂
12// High Multiplier Effect via Quality Output & Time

"Tesla will get to a point where every high-quality minute of thinking is a million dollar impact on Tesla" - @elonmusk

Incredible 👏👏👏
13// Musk's Thoughts on Philanthropy, Part 1:

>> "If you think of philanthropy as advancing the state of human goodness instead of the perception of it, philanthropy is extremely difficult".
14// Musk's Thoughts on Philanthropy, Part 2:

"SpaceX, Tesla, Neuralink, and the Boring Company are philanthropy, if you say philanthropy is love of humanity".
15// Using companies to advance humanity forward:

> Tesla: Sustainable energy & transport
> SpaceX: Long-term survival of humanity via multi-planetary species
> Boring Company: Solve traffic
> Neuralink's: Solve brain injuries & intersection of biological & digital intelligence
16// Be motivated by curiosity and think positively about the future.

"If you want the future to be good, you must make it so. Take action to make it good, and it will be" - Musk

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More from @knowledgenets

Apr 24
Fascinating article & interview with @Econ_4_Everyone and A16Z's @derrickharris. Thanks for sharing!

Some notes & quotes that I found to be interesting:
📝 🧵 👇

future.a16z.com/data-science-a…
1// Background:

>> "John List is chief economist at Walmart (a title he previously held at both Lyft and Uber) and a professor of economics at the University of Chicago".
2// John List recently published a book titled "The Voltage Effect: How to Make Good Ideas Great and Great Ideas Scale."

>> Scalability is critical to expansion of ideas, progress, and companies.

>> You can learn more & order the book here: thevoltageeffect.com/the-book
Read 11 tweets
Mar 24, 2021
Recently, @DavidSacks presented several top-of-mind ideas on a wide-ranging interview with @RubinReport.

Here are my 10 summarized highlights from this episode of the The Rubin Report:👇

1) David Sacks graduated Stanford University in 1994, and he met Peter Thiel at Stanford.

Sacks joined PayPal in 1999 and served as PayPal's Chief Operating Officer.

Currently, he's the founder of Craft Ventures, where he focuses on VC investing in bottom-up enterprise SaaS.
2) While “woke culture” and “cancel culture” may seem like new topics today, both Thiel and Sacks were writing about these topics in the 1990s.
Read 12 tweets
Mar 23, 2021
Last week, @HarryStebbings hosted an exceptionally insightful podcast with @tfadell. In the spirit of the “20” in The Twenty Minute VC Podcast (@twentyminutevc), here are 20 highlights from the podcast:

🧵 💡 👇

thetwentyminutevc.com/tony-fadell/
1) Tony Fadell is often referred to as “the father of the iPod”. Previously, he was the Founder & CEO of Nest Labs.

Currently, he is a Principal at Future Shape, which is a firm that delivers “mentorship with money”.

Fun fact: Fadell has filed for 300+ patents in his career.
2) Future Shape is a global investment & advisory firm that focuses on coaching engineers & scientists who are working on deep foundational technology. Unlike most venture capital funds, Future Shape does not have LP’s and has long-term committed capital.

futureshapellc.com
Read 21 tweets
Mar 22, 2021
Last week, a fantastic episode on the Meb Faber Show with @verdadcap and @MebFaber highlighted several market observations and contrarian insights. 👏👏👏

#markets #smallcap #investing

Here is my summarized list of 20 highlights from the episode: 🧵💡👇

1) Verdad’s core investment strategy remains focused on “private equity replication”, which primarily invests in public equities that are “small in size, cheap in valuations, and financially leveraged”.

Verdad grew its AUM from ~$50M in 2018 to ~$600M in AUM today.
2) Between the beginning of Q4 2018 and the end of Q1 2020, micro-cap value and small-cap value indices suffered one of the worst market environments in history.
Read 22 tweets
Mar 22, 2021
This past week, Barry Ritholtz (@ritholtz) hosted an excellent podcast with Bill Gurley (@bgurley) on the @MastersinB Podcast.

Thanks @bgurley for sharing your insights!

Here are 10 highlights from the podcast:

bloomberg.com/news/audio/202…
1) Bill Gurley is a legendary venture capitalist and has been a Partner at Benchmark Capital since 1999. He frequently shares his thoughts on his blog, which can be found at this link: abovethecrowd.com
2) Prior to joining Benchmark, Gurley worked as a:

- Design engineer at Compaq
- Research analyst on Wall Street
- Lead research analyst for the Amazon IPO
- Partner at Hummer Winblad Venture Partners
Read 13 tweets
Mar 18, 2021
Here's a thread of thoughts to demystify complexity and quantitatively display how interest rates impact the value of future cash flows: 🧵👇

#Markets #InterestRates #stocks
1) Recently and especially after yesterday's FOMC announcements about monetary policy updates, several investors are discussing the role of changing interest rates and their impact on financial assets, particularly "growth stocks" and "value stocks".
2) Definitions:

1. DCF = Discounted cash flow analysis
2. Discount rate = The rate used to discount future cash flows back to their present value when determining the time value of money. Some investors consider this rate to be the opportunity cost of their investment.
Read 21 tweets

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