Hope you’re all enjoying the weekend! Enjoy the content below and be sure to sign up for the new CrowdCent products (info below):
Active discussion - chat
CrowdCent on Twitter - link
CrowdCent Vision - here
CrowdCent ML Model - analyzer
CrowdCent Curation - archive
“If everything you do needs to work on a three-year time horizon, then you’re competing against a lot of people. But if you’re willing to invest on a seven-year time horizon, you’re now competing against a fraction of those people… Just by lengthening the time horizon, you can engage in endeavors that you could never otherwise pursue” - Jeff Bezos
Translation: Use time to your advantage. Stop getting caught up in the day to day noise and instant gratification culture. Take a step back, think, and focus on the long term.
Compounding Crazy [Post]
Recap: A 'Not Boring' post that highlights how human knowledge and technological progress compound -- 'we build new things on the shoulders of giants at a faster and faster pace, and our brains are not good at understanding all of that in the moment.' He then ties this fundamental progress back to valuations and investing - 'market caps of all of the world’s publicly listed companies have grown from $1.138 trillion in 1975 to $117 trillion today.'
Comment: If it feels like things are changing quickly, it's because they are -- the rate of change of progress is accelerating. Human brains are wired to think linearly, so this exponential shift is tough to comprehend. Fundamental progress is one thing (unlocking potential and 'trapped' value), valuations are another. There is certainly a lot of value being created/unlocked, but this is also happening alongside trillions of fiat dollars being printed (i.e. fiat being devalued) to prop up a broken global system (since 1971). Net net, there are a lot of crosscurrents out there -- it's always important to understand where technological progress is (proof of concept? commercialization?) and what's being baked in (valuation, cash flows, etc.). It won’t be a straight line, but the future is bright.
Recap: Just like mobile applications were built on app stores over the past decade, the next decade will see the proliferation of applications built on blockchains (like Ethereum) - "programmable blockchains are the next computing frontier, as PCs were in the 80s, internet in the 90s, and mobile in the last decade."
Comment: From NFTs, to DAOs, to social tokens, we've already started to see these initial applications get built out. This thread provides a useful overview that takes a 'step back' and compares blockchain to previous technological innovations. Blockchain is the base tech for web3 that allows for decentralization -- removing middlemen and turning networks into economies.
OpenAI Codex Live Demo [Video]
Recap: Incredible live demo of OpenAI's Codex, which is an AI system that translates natural language (i.e. you typing/saying whatever you want) into executable code (i.e. python script that runs an application). We're getting closer to enabling non-programmers to write programs, and eventually software writing software... the productivity leaps will be substantial.
Comment: Tying into the above 'technological compounding,' this live demo is truly amazing. We're big sci-fi readers (happy to share a book list) - Kurzweil's, Cline's, et al. worlds are turning into a reality sooner than people think. Must watch.
CrowdCent is building out several new products, many of which you can test out today (email us: firstname.lastname@example.org):
CrowdCent + SumZero Baskets & Dashboard - check out a video of Jason explaining how CrowdCent is training ML algos with SZ ideas to build investment portfolios here. For a more detailed read, check out the whitepaper here.
CrowdCent Analyzer - Want to get feedback on an investment idea? See what a trained machine learning model thinks of your idea (the probability of under/outperformance)?Email us (email@example.com) and/or check out the free private beta here.
You simply submit the idea (no public posting necessary), and receive a full model-generated analysis!
CrowdCent Thoughts & Predictions
CrowdCent Site Updates
Any suggestions for CC Curation improvement, website, etc. - send an email to firstname.lastname@example.org
Look forward to more updates soon - the future is here...
Jason & Ryan