Dr V

@JournalistFact1 @sudokhanh @davidsenra @tobi 10x engineers building AGI but getting stuck on whether to push or pull a door apparently

@sudokhanh @buildthefutures @davidsenra @tobi A real CEO would just fire the under performers who lack the critical thinking to figure out how to use a door 50% of the time

.@tobi says he removed all the Norman doors (doors that confuse people about whether to push or pull) from Shopify’s offices because they make people predictably do the wrong thing: “ I cannot surround people with things that are underperforming the quality of engineering we want to do.” “It’s the most fundamental design error that you can possibly make.” “Everyone who’s ever been involved in the process of designing a Norman door should revoke their design license.”

@SaeedTV_ Should’ve had 4 assists

I really feel sorry for Bruno Fernandes here. These players are mocking it! 😭

@aerockrose whilst that can be true, there's huge survival bias in cherry picking the examples where that was true for, whilst ignoring the vast majority where the market never went beyond the original thing. though tbf, I guess that's VC investing. Being exposed to those rare outliers.

Marc Andreessen reveals the hidden math behind why the best markets look small at first "The market for Uber and Lyft must be the market for taxi cabs." "The market for GPUs must be the market for people who like to play games." His rule: when the supply side changes, the market can get 10, 100, or 1,000 times larger. The mistake is sizing tomorrow's company with today's map. @pmarca

@dodeja @davidsenra @tobi I generally agree. I just don’t think this is an example of that.

@buildthefutures @davidsenra @tobi It would give many people a moment of appreciation and inspiration. That itself is worth it. Good design and well-engineered objects inspire.

@___IBelieve___ @sudokhanh @davidsenra @tobi Makes no difference to anything. Solves the supposed problem of these 10x engineers that keep forgetting whether to push and pull. Problem fixed in 1hr, without the need to tell the story on a podcast.

@buildthefutures @sudokhanh @davidsenra @tobi This is ugly. That’s a problem. Tobi is German, and an engineer. He’s not you.

@sudokhanh @davidsenra @tobi It’s not that complicated a problem

@buildthefutures @davidsenra @tobi If you go through that type of door 20x per workday, and 10 times you get it wrong, it becomes annoying

@kamikaz1_k @davidsenra @tobi Maybe. My view is that if this is the stuff you’re thinking about then you have run out of ideas and/or exhausted all the main levers.

@davidsenra @tobi Nothing matters till everything is in shambles and then everyone has ideas about what should be fixed. If you autistically set a bar and try to meet it, the fruits bear out. x.com/buildthefuture…

@Jason 1. Bots will order them en masse and then sell at 10x retail. 2. These in-store scenes is part of what creates the FOMO etc

What is happening!?!?!? Just let folks order these online and put them on a wait list... shut the stores down for 48 hours.

@AliceTalksFooty We didn’t? Casemiro, Mount, Ugarte. 160-170m pounds. We didn’t ignore it. We just bought poorly. The fact we spent that much and it feels like we ignored it indicates how bad the Ugarte and Mount transfers were.

That's actually mental. I can't believe this club ignored midfield for so many windows.

@Thejimpenman why don't you go into politics?

The birth rate book comes out in October. My editor Andrea is a co-author. She is a mother who has struggled to have more children. We have a solution to the birth rate crisis. Nobody else is considering it.

@ronaldobrown_98 it makes no difference if there are multiple suitors, which there are.

Mateus Fernandes obviously won't be cheap, regardless of whether West Ham gets relegated. Actually, I think it makes little to no difference.

@patrol5513 @cjoye lol its now considered 'lucrative' for folks to keep the money they earned.

@cjoye Look at all the tax rats up in arms about one of the most lucrative financial instruments that has been gamed for decades as a means to reduce one's tax liability.

The Albanese government has blindsided the financial sector with a surprise “death tax” on wills and estates, triggering urgent calls for clarification from wealth advisers. Under new budget measures, family trusts are set to be hit with a minimum 30 per cent tax rate. The new rule will also apply to the most common form of estate planning trust: the Testamentary Discretionary Trust. theaustralian.com.au/wealth/budget-…

@danbrettig I find it crazy that the BBL is not the 2nd biggest T20 comp in the world. I think it should also be the tournament that stars want to participate in the most. Utterly insane CA haven't yet even figured out a way to ensure our best players can't play in the whole tournament.

Australia’s best cricketers may quit the home summer to play in the lucrative South African Twenty20 tournament in January 2028 unless they can be paid salaries of about $1 million each to take part in the Big Bash League theage.com.au/sport/cricket/…

@TheRealDavey2 Good point

What investor is going to buy a new build? Sure you can negative gear it but it will have no resale value as the subsequent buyer cant negative gear. People only accept negative gearing on the belief the capital gain will exceed the losses. Supply going to go down. Rents higher.

@andyhmurray It’s the giggle at the start that gets me. Elite camera work to time the zoom in also

No exaggeration, I have watched this about 50 times today. Legendary hating. $20,000 seats just to watch your enemy get swept. Unbelievable. This is pro wrestling, baby.

@toy59496 @jameboyadvanced If only we had an effective opposition

Consequences consequences... I don't really object to the changes on CGT with investor properties. The Ponzi had to be arrested eventually. A home should be a roof not an investment. The story is very different with equities which is at risk capital. In any case people who have choices and have most of their assets in equities will be incentivised to leave to a low tax jurisdiction. That incentive was previously there but now it will accelerate. Home prices will react in the following way 1. At the top end the prices will skyrocket because the primary resident exemption on a 40 million dollar home that doubles in value is zero. 2. Landlords and investors who have already been under pressure will simply dispose of assets as there is very little benefit for them left on the table. That's probably good for your next gen homeowners. The price category there will drop markedly, or at the very least not grow at the same rate as historically. 3. New homes and units are tax advantaged so you will be able to charge a premium for them to investors in particular who are now looking for homes for capital. In concept that would give impetus for new builds but the reality is that the status quo is already not feasible anywhere but the more well to do areas. 4. Professionals and businesses will leave and be replaced by lower socioeconomic groups through the governments unvetted excessive immigration policy, which will drive productivity down and drive GDP per capita down. That's a function of them playing with the equities not with property.

CGT : The Tale of Three Taxes Let me talk to you about those three taxes, income tax, land tax, and capital gains tax.... The tale of three taxes. Firstly, it's a bit of a no brainer that any asset that doesn't have a wealth tax associated with it should be behind a corporate veil. That doesn't include property that does have a wealth tax (eg land tax, council rates) but it does include equities that do not have a comparable wealth tax. It already made good sense prior to these changes to incorporate with equities because it allows you to compound despite trading, you can distribute both earnings and capital in a tax efficient manner, and it provides a level of asset protection and non-recourse debt. Also if it's small enough you get the tax advantaged 25% per annum. Change of control is also more elegant with replacement of directors by more junior family members, and redistribution of capital through different classes of shareholders (not all shares are equal, or as they say an animal farm, all animals are equal but some are more equal than others). Property is not in that category because it has a wealth tax with land tax and council rates, now also does not have a tax advantaged CGT discount with the exception of the primary residence, and because it is realised usually at once with a sale it invariably will hit the pernicious theft of a 47.5% income tax threshold. It is the sad tale of three taxes. It used to be for the punter It didn't make much difference if it was in a personal name or not, because with the CGT discount it came out to be just a little bit less than the corporate, prior to distribution. It also solved the problem of distribution as it had already ended up in your hot little pocket. The new tax regime is obviously designed to take money from those that have no choice but to remain Australian tax residents. It does not apply to foreign investors who invest in Australian assets and pay no capital gains. It is another lesson of a country that has its priorities so confused that it disadvantages those who are the nominal part owners of great Australia to preference those that are not. It will result in cash going out of the country and a significant reduction of cash coming into the country because the sensible will arbitrage the tax jurisdiction. International families will move money given that there is no tax on gifts, unlike in some jurisdictions. That's what happens when you put someone who grew up in a housing commission flat in charge. It wouldn't happen in Singapore....

@puppyeh1 the hardest part is selling the 10 bagger and realising the gains, at least for me.

It’s not finding the 10 bags. It’s holding the 10 bags… Actually it’s both. But the latter is infinitely more difficult

Dillon Brooks the greatest hater of all time. He showed up courtside to watch LeBron get swept. This guy is a super villain.

@NaomiMWhittaker @iam_preethi @rivatez She’s claiming to run tests to diagnose the aetiology of the infertility “that no one ran”. I’m curious to know what novel tests above and beyond the textbook primary investigations they’re doing to diagnose these “unexplained infertility” cases…..

@buildthefutures @iam_preethi @rivatez It’s not difficult

This essay by @rivatez is the most thorough piece I have ever seen on what is wrong with the American fertility industry. We see this every day at Ferta. Women come to us after one or two clinics have already told them they have unexplained infertility or need IVF immediately. The first thing we do is run the labs nobody ran. Most of the time the answer was right there. The American system is built to skip the upstream questions because there is no money in asking them.