A Quote by Stanley Druckenmiller
If machines do everything well, including allocating capital and resources efficiently, can that be deflationary, can that eliminate poverty? I don't know. It's hard to be very optimistic if you look at how humans have behaved historically.
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As a society I think we are going to be much better off by having machines that can work in conjunction with humans to do things more efficiently and even better in some cases. That will 'enable humans to do things that they do better than machines.
One of the biggest responsibilities the legislature holds every year is allocating our taxpayers' hard-earned money responsibly and efficiently.
It's very important to remain optimistic and to see the silver lining in everything you do. Because no matter how sometimes things look difficult, and look like there is no hope, there is always a small glimmering of silver lining that is in everything, and I always look for that, and hang on that, and before I know it, another day comes and is gone.
We have always underestimated the cell...The entire cell can be viewed as a factory that contains an elaborate network of interlocking assembly lines, each of which is composed of a set of large protein machines...Why do we call [them] machines? Precisely because, like machines invented by humans to deal efficiently with the macroscopic world, these protein assemblies contain highly coordinated moving parts.
Like people including Stephen Hawking and Elon Musk have predicted, I agree that the future is scary and very bad for people. If we build these devices to take care of everything for us, eventually they'll think faster than us and they'll get rid of the slow humans to run companies more efficiently.
Often people, especially computer engineers, focus on the machines. But in fact we need to focus on humans, on how humans care about doing programming or operating the application of the machines.
We are actually a very rich country with a lot of resources and the ability to do almost whatever we want. We could eliminate poverty in America by spending a fraction of what we spend on defense.
CEOs are also chief capital allocators. This is a point Warren Buffett has repeatedly made: that the role management plays in allocating capital across businesses and boosting returns on that capital is a critical yet poorly recognized one.
you mean machines are like humans?" I shook my head. "No, not like humans. With machines the feeling is, well, more finite. It doesn't go any further. With humans it's different. The feeling is always changing. Like if you love somebody, the love is always shifting or wavering. It's always questioning or inflating or disappearing or denying or hurting. And the thing is, you can't do anything about it, you can't control it. With my Subaru, it's not so complicated.
The advantage of a free market is that it allows millions of decision-makers to respond individually to freely determined prices, allocating resources - labor, capital and human ingenuity - in a manner that can't be mimicked by a central plan, however brilliant the central planner.
To say that humans are composed of machines is not to say that we are merely machines. Humans are dignified machines. We are (so far) the most extropic, most complex product of billions of years of evolution.
In the struggle between capital and labor, more often than not capital has won, because the real source of value for most companies has historically been the hard assets that they owned and controlled.
I look on everything with a very optimistic eye. Because I'm a body builder by trade, you know, that was my intent all my life.
Racism is not nearly as important as poverty. That's the same around the world. What look like ethnic problems are really economic issues. If you look closely at all these conflicts around the world, they come down to poverty and economics and resources. The more poverty, the worse the war.
If we have any hope of finding ways for seven billion people to live well on planet with finite resources, we have to learn to use our resources efficiently. Plastic bags are neither efficient nor environmentally friendly.
Tanushree is a very nice girl and I worked with her once. She is very focussed, and I could see how hard-working she was, with dreams in her eyes. She was one of the well-behaved girls on the set.
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