Capitalism Demands Faith in Scientific Progress

Scienti

 Money Allows for Easy Conversions

Money is thus a universal medium of exchange that enables people to convert almost everything into almost anything else. Brawn gets converted to brain when a discharged soldier

 Idea Debt

Idea Debt is when you spend too much time picturing what a project is going to be like, too much time thinking about how awesome it will be to have this thing done and in the world, too much time imagining how cool you will look, how in demand you’ll be, how much money you’ll make. And way too little time actually making the thing. If… You tell 15 friends about your screenplay idea, but devote zero time in your week to facing the blank screen. You buy a domain name, spend weeks or mont...

 Calories as Currency

When the world went on a single currency, they'd tried to coordinate it with the food rationing in some way, hoping to eventually eliminate the ration books, so they'd made the new currency K's, kilocalories, because that's the unit for measuring the energy equivalent of food. But a person who eats 2,000 kilocalories of steak a day obviously has to pay more than a person eating the same amount of bread. So they instituted a sliding "ration factor," so complicated that nobody could understand ...

 Humans Are Abstraction Masters

What distinguishes us from cavemen is the level of abstraction we can reach. Abstraction enabled humans to move from barter to money, and from gold coins to plastic cards. These days, what's left of "money" is often just an account record we read on a computer screen, and soon it could just be a line of code in a bitcoin ledger. Today, abstraction is all around us — and math is the language of abstraction. In the words of the great mathematician Henri Poincare, mathematics is valuable beca...

 Highlights from Billionare Recommendations

Suppose your monthly income is only RMB 2,000, you can live well. I can help you put money into five sets of funds. The first $600, second $400, third $300, fourth $200, fifth $500. [...] Third set of funds: To learn. Monthly spend about RMB 50 to RMB 100 to buy books. Because you don’t have a lot of money, you should pay attention to learning. When you buy the books, read them carefully and learn the lessons and strategies that is being taught in the book. Each book, after reading them, ...