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Patrick McKenzie Profile picture
@patio11
Dec 1, 2017 • 23 tweets • 4 min read • Read on X
Some people really benefit from hearing advice that everyone knows, for the same reason we keep schools open despite every subject in them having been taught before.

In that spirit, here's some quick Things Many People Find Too Obvious To Have Told You Already.
Your idea is not valuable, at all. All value is in the execution. You think you are an exception; you are not. You should not insist on an NDA to talk about it; nobody serious will engage in contract review over an idea, and this will mark you as clueless.

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More from @patio11

Patrick McKenzie Profile picture
May 6
Interesting article about falling backwards into founding a non-profit and then doing policy advocacy work, which had a number of points which resonated with me: Image
huffpost.com/entry/utah-sch…
There is another paragraph about feeling turbocharged imposter syndrome when talking to subject matter experts and then realizing they’ve spent 0.01% of their career on *exactly* your new problem and so you understood it better than they do as of about day four or so.
Read 9 tweets
Patrick McKenzie Profile picture
Apr 23
In today's very surprising example of things an LLM could be good at:

I had a print failure while running a resin print in the wee hours of the morning.

Debugging these is a bit maddening. They arise from a combination of software, math, chemistry, and unpredictable chaos.
They're also very underdocumented. (In what is surely a first in the history of manufacturing.)

The community is spread between various Facebook groups and Discords, and writes little down formally. Most recorded lore is in YouTube videos, and aimed at low-skill enthusiasts.
And when a print failure happens, all you have to go on is the symptom to figure out where to start investigating. You'll see e.g. a sheer within a print or a melted rump instead of a dragon or, as happened with me yesterday, a build plate wrenched to 30 degrees off level.
Read 10 tweets
Patrick McKenzie Profile picture
Apr 12
This is 50% of my cycles this year compressed into a tweet.
There are Sorts within the Sort, all the way down.
(Incidentally, if you have an academically disinclined young family member who nonetheless is not a layabout, GC is potentially a good career for them.

Most people get into it after a stint in trades or real estate, but that isn’t strictly required.)
Read 6 tweets
Patrick McKenzie Profile picture
Apr 3
I don’t have anything novel to contribute on the substance of but have to again comment, pace Situational Awareness that I think kicked this trend off, that single-essay microdomains with a bit of design, a bit of JS, and perhaps a downloadable PDF are…ai-2027.com
… a really interesting form factor for policy arguments (or other ideas) designed to spread.
Back in the day, “I paid $15 to FedEx to put this letter in your hands” was one powerful way to sort oneself above the noise at a decisionmaker’s physical inbox, and “I paid $8.95 for a domain name” has a similar function to elevate things which are morally similar to blog posts.
Read 5 tweets
Patrick McKenzie Profile picture
Mar 27
This week on Complex Systems, a continued discussion of credit card rewards, interchange, and what I believe is a persistent misconception about how society should want justice done via payments systems.

It ends with the following, which the team took the liberty of putting into a short clip. (Sound on if you like hearing my voice, but video is subtitled.)
Last week the Atlantic published an opinion piece which argues that the poor are subsidizing the rich's receipt of credit card rewards. This view has wide currency among certain advocates and among opinion writers.

It is not true.
Credit card rewards are actually funded by interchange, a cost which is ultimately paid by card-accepting businesses for a combination of services they get from the payments industry.

Rewards have a few equilibria globally; the U.S. is in a high rewards, high interchange one.
Read 10 tweets
Patrick McKenzie Profile picture
Mar 20
An argument I have had with some credit card enthusiasts for a very long time, paraphrased.

Enthusiasts: I’m robbing the bank blind!
Me: Doubtful? They are probably pretty happy to have a portfolio of you.
E: Oh by carefully layering promotions and making a spreadsheet and…
Me: So checking my understanding: you spend a lot of money on credit cards.
E: Yes, that’s the whole point.
Me: And in a nation which makes it illegal to underwrite using an IQ test, you have self-constructed an IQ test.
E: Yes and I pass it obviously.
Me: Right. Tracking.
Me: You sound like a very desirable bank customer.
E: Oh no I’m not! I take them so hard.
Me: Your income and net worth are likely to be quite higher in ten years right. You predict that too?
E: Oh yeah.
Me: Yeah you’re going to continue consuming lots of financial services.
Read 7 tweets

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