Technology is a lever. It magnifies work. And the lever not only grows increasingly long, but the rate at which it grows is itself increasing.
- Paul Graham
Buckle up. We are going to be looking at a cliched, overly discussed topic: AI vs Jobs.
We will look at this in three parts — Artificial Narrow Intelligence (ANI), Artificial General Intelligence (AGI), and Artificial Super Intelligence (ASI), followed by some overarching arguments.
ANI is AI applied to specific tasks such as playing chess and driving a car. Their scope is limited — an ML model trained to play chess can…
"The only wealth you truly keep is the wealth you give away."
- Marcus Aurelius
In my previous article, we saw what Effective Altruism (EA) is and why it is important. In case you missed it here it is in a nutshell:
Effective altruism is a philosophy and social movement that advocates the use of evidence and reasoning to determine the most effective ways to benefit others. It urges us to be rationally compassionate instead of emotionally empathetic.
But there are several arguments raised against the ideology. Let us look at them, shall we?
The argument goes like this:
We, humans, look forward to a future where our to-do list is empty. One where there are no more problems and conflicts to solve. One where all that humanity knows is peace and tranquillity. One where we as a species are finally successful.
Not only is such a future impossible, but it is also depressing. I argued in this article how our source of joy is the road to success and not achieving success itself. The former is challenging and rewarding while the latter is disappointing and unremarkable. This is nothing new — we are all familiar with the platitude…
"Society grows great when old men plant trees whose shade they know they shall never sit in."
- A Greek Proverb
Before we spend money on something, we do our homework. We look at Zomato/Yelp ratings to decide on a restaurant, Rotten Tomato scores for movies/TV shows, youtube reviews for a smartphone, Goodreads ratings for a book, rank of a university while applying for higher education, and efficacy rates for vaccines. We seek empirical evidence because we want to get the best possible value for money.
However, we never apply this kind of rigor when it comes to philanthropic spending…
“All of humanity's problems stem from man's inability to sit quietly in a room alone.”
- Blaise Pascal
It is a big deal for humanity because with this technology, we can go baby-shopping. Yep, we can walk into a genome screening center, check out a bunch of different embryos, see which one has blonde hair and purple eyes, and bring that embryo to life. Commoditizing babies now, are we?
But there are far more important use-cases…
Trigger Warning: Depression
Saitama is the protagonist of a popular TV show/anime called One Punch Man (it streams on Netflix). He is this skinny, seemingly innocuous, bald-headed dude.
As the title of the show suggests, Saitama’s punch is so annihilative that one punch is all it takes to kill any enemy.
What if the villain is Carnage Kabuto — this monstrously huge villain with ridiculous strength, speed, and intelligence?
So far we have seen what the Permanent Portfolio (PP) is (part 1), and how to implement it (part 2, and part 3). This is the 4th and final part of this DIY personal finance series. We will be covering:
⏩ Outsourcing the implementation of PP to a basket instrument
⏩ Customizing PP to add some risk to the portfolio
⏩ How to add high-risk instruments like crypto and derivatives to PP
Let us jump right in.
It would be so much better if we could outsource rebalancing, investing, and exiting to a basket instrument. …
In case you missed it (or forgot), we split the implementation into 3 steps:
1️⃣ Investing (covered in Part II)
Today, we will be looking at rebalancing and exiting. Rebalancing is the cornerstone of not just the permanent portfolio but of any investment portfolio. You are not going to want to miss this.
Disclaimer: I am no financial expert…
Last week we saw the all-weather investing strategy by Harry Browne called the Permanent Portfolio (PP). In case you missed it, read here before you proceed.
In the 2nd installment of this series, we will look at how to implement the PP strategy. Let’s split the implementation into 3 parts:
Disclaimer: I am no financial expert and I am not responsible for any losses you incur. Please consult with your investment advisor before you invest in any of the instruments mentioned below (they carry significant risk).
Invest according to the split that you finalize…
I finally found an asset allocation strategy that works for me. It makes the right trade-offs and checks the right boxes. Low volatility — check. Not too time-consuming — check. Inflation beating returns — check.
In this 3-part series, I will lay it out in detail. Before we begin, lets address a few key points.
Disclaimer: I am no financial expert and I am not responsible for any losses you incur. Please consult with your investment advisor.
There is no one-size-fits-all strategy when it comes to personal finance because it is exactly that — personal. The below are the trade-offs…