@smattyang

 
 
 

Wait But Why explains capitalism

June 5, 2015

"

First ingredient: Greed. In a perfect, fair, open market, greed works great as the core lifeblood motivation. The way capitalism theoretically works is that the more real-world value you create, the more money you’ll make. So companies in a competitive landscape will put their effort into creating better and better products and services in order to optimize, which for them means making as much money as they possibly can. Individual people are greedy as a means to all kinds of ends—a lavish lifestyle, personal freedom, security, admiration, power, sex—but what they want is irrelevant. As long as their burning desire makes them really want stuff, their drive to optimize will move technology forward. Greed is a double-edged sword though—to be beneficial, greed has to be contained inside a high-integrity, meritocratic, free market. If it’s not, greed will turn into the enemy of progress, because the more vulnerable the system is to corruption, the more the greedy on top will be able to break the system to ensure their own long-lasting victory.

Second ingredient: Raging ambition. Greed can lead to steady forward progress, but in order for progress to leap forward, a second ingredient is usually key: a burning desire to do something great. Again, the underlying reasons for this kind of ambition can vary. Sometimes it’ll be an ego-driven desire—to be famous and renowned, to leave one’s mark, to be thought of and posthumously remembered as great. Other times the ambition will be fueled by a borderline-insane level of confidence and optimism that gives someone the gall to be idealistic. These are the yearnings of the hungry underdog.

An established industry full of existing winners running on greed is like the highest layer of trees in a crowded rainforest. They’ll push upward only as needed, elbowing each other for little gains and victories as they vie for sunlight, mostly just trying to keep their spot in the canopy. Greed just wants sunlight—it doesn’t care how high up it is when it gets it. But below, the hungry underdog burns for sunlight and will spend 100 hours a week trying to figure out how to get it. When the breakthrough comes, the underdog bursts up through the canopy into the open sky and spreads its leaves out wide. Suddenly, the trees that had been on top are blocked from the sun. Greed is then replaced by the much more powerful drive of survival, and innovation kicks into high gear as they scramble upwards for their life. The environment has changed—it’s been disrupted—and in this new world, created by the underdog disruptor, companies have to innovate in order to re-optimize. Some end up back on top, others die—and at the end of it all, technology has jolted forward. We all witnessed an example of this when Apple rocketed through the mobile phone canopy in 2007 and forced all of the other companies to make a smartphone or die. Samsung managed to get itself back into the sun. Nokia did not.

"

The Frequent Fliers Who Flew Too Much

April 13, 2014

A surprisingly funny article on people who bought unlimited first-class tickets from American Airlines.

There are frequent fliers, and then there are people like Steven Rothstein and Jacques Vroom.

Both men bought tickets that gave them unlimited first-class travel for life on American Airlines. It was almost like owning a fleet of private jets.

Passes in hand, Rothstein and Vroom flew for business. They flew for pleasure. They flew just because they liked being on planes. They bypassed long lines, booked backup itineraries in case the weather turned, and never worried about cancellation fees. Flight crews memorized their names and favorite meals.

Who said the best things in life are free? A carte blanche to fly to anywhere in the world any time on first class is almost magical. Imagine flying to Europe or a Caribbean island for a weekend on a whim: Make a quick call, get to the airport, skip the lines, get the first class treatment and arrive at any destination you’ve ever wanted to go.

 

Mad Men Season 7 poster

Milton Glaser

March 13, 2014

Two Hundred Years of Surgery

March 10, 2014

Atul Gawande writes about the last 200 years of surgery from the invention of anesthesia, antisepsis to professionalization. It’s almost impossible to imagine how patients back then could withstand open surgeries:

Before anesthesia, the sounds of patients thrashing and screaming filled operating rooms. So, from the first use of surgical anesthesia, observers were struck by the stillness and silence. 

This was around 1846 when the discovery of ether by William Morton, a Boston dentist, began to boldly push the boundaries of surgery:

Surgeons soon found, however, that anesthesia allowed them to perform more complex, invasive, and precise maneuvers than they had dared to attempt before. Within a decade, for instance, the first successful hysterectomy and bilateral ovariotomy — removal of massive ovarian cysts weighing several pounds— proved that the abdomen could be safely penetrated.

However, the issue of infection was rarely addressed as the concept of pasteurization was yet to be discovered. Even after Pasteur’s findings, it took years for surgeons to adopt his ideas. Meanwhile, surgeons continued to operate without surgical gowns or even washing their hands.

Fortunately, proper techniques soon followed and with it came even greater advancements in surgery. By 1920s, articles about surgeries occupied about half of The New England Journal of Medicine and Surgery. However, as laboratory medicine (like vaccines and antibiotics) and other technologies started to make the headlines, the surgical articles started to appear less in the Journal. Surgery nonetheless continued to refine itself, making it safer and more effective. In recent years, new techniques like laparoscopy and thoracoscopy made incisions normally half a meter wide to just half a centimeter small.

There are at least 50 million surgeries performed annually just in the United States, and if the history of surgery is any indication, most of them will become as easy and noninvasive as swallowing a spoonful of small robotic devices.

(Source: nejm.org)

 

The Weight of Mountains

Studiocanoe

March 7, 2014

Replication Error

January 18, 2014

ingwon:

Sometimes the boy felt frustrated at his job. Early in the morning, long before the sun would rise, he put on his boots and followed his father out to the replication site where the helicase had already done his work and the primers lay in wait. In the blanket-like darkness he walked behind his…

 

Todd Yellin, VP of Product Innovation at Netflix, describing the recommendation algorithm

(Source: The Atlantic)

January 14, 2014

"The more complexity you add to a machine world, you’re adding serendipity that you couldn’t imagine. These ghosts in the machine are always going to be a by-product of the complexity. And sometimes we call it a bug and sometimes we call it a feature."

 

A poetic critic of a cause I wholeheartedly support

November 13, 2013

"Building structures and putting roof gardens on top is not open space. My idea of open space is when you stand on the sidewalk, like at Marina Green, and there is nothing between you and the horizon other than the tops of your shoes. That’s open space."

 

How the Economic Machine Works by Ray Dalio

October 5, 2013

 

Night Stroll by Tao Tajima

August 12, 2013

 
 

Pretty proud to have read more than half of the books I’ve bought in the last three years.

May 12, 2013

 

John Banville, on revisiting his old work

(Source: ft.com)

May 4, 2013

"I can’t say in all honesty that it’s as if it was written by somebody else, but it was written by a different version of myself, and in a way, it’s more radical, because the selves we leave behind are more strange to us than strangers."

The Joke’s on Louis C.K.

April 7, 2013

This is a great snippet from The New York Times’ interview with Louis C.K. on success and diligence.

You’ve spent the last several months on a tour where you sold tickets only through your Web site. How did that go?

Boy, did that work. It was so satisfying to get that done. The special, I didn’t need to do anything. I just made it and offered it. But the tickets were really tricky. The big ticket companies make exclusive arrangements with these rooms. They pay them just to not work with others. So if a company gives you 30 grand a year to stay away from anybody else, you need it. We didn’t attack their territory. We just went to places that they didn’t care about.

Does it matter that what you’ve achieved, with your online special and your tour can’t be replicated by other performers who don’t have the visibility or fan base that you do?

Why do you think those people don’t have the same resources that I have, the same visibility or relationship? What’s different between me and them?

You have the platform. You have the level of recognition.

So why do I have the platform and the recognition?

At this point you’ve put in the time.

There you go. There’s no way around that. There’s people that say: “It’s not fair. You have all that stuff.” I wasn’t born with it. It was a horrible process to get to this. It took me my whole life. If you’re new at this — and by “new at it,” I mean 15 years in, or even 20 — you’re just starting to get traction. Young musicians believe they should be able to throw a band together and be famous, and anything that’s in their way is unfair and evil. What are you, in your 20s, you picked up a guitar? Give it a minute.

 

Distance between the Earth and the Moon, relative to scale

(Source: traipse.com)

April 4, 2013