Tag: Information Overload

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Finance Internet Culture Politics

Day 1807 and Set Hyperparameters to Dumb

As much as I’m trying to salvage the end of my year by taking it slow, I’m still keeping myself plugged in. There is no unplugging in our hyperreality.

I’ve accepted this is a part of being human for the time being. I don’t struggle with internet addiction even if understand how it can be for others.

So here I am keeping an eye on various market movers like central bank rate cuts and earnings calls. It’s a shame I didn’t go into banking as it’s a lovely hobby I just happen to enjoy it watching the data go by.

The intake of long insight and slow instincts interplays with short data and animal spirits if you can stomach it. For me at least I don’t make moves based on any given day.

I find impossible to make much sense of the here and now, so the best I we can do (at least those suitably complex situations) is make very long plays or extremely short ones. I wouldn’t want to plan for a middle distance. Pity the politicians operating on two year schedules.

I’m glad I make long plays if it’s a choice between long and short. I wouldn’t want to edge out small gains in the algorithms like my quant friends do. Too much is out of distribution and nothing is ever really priced in. Cliff Asness is right. Markets have become less informationally efficient. Information becoming free made insights almost impossibly expensive.

For me it’s silly to make grand claims of sensemaking as we bumble from “so over” to “so back” by the hour. I’ll never compete with that.

What do we need over the next decade? How about two or three? That’s my plan. Anything else risks tip toeing between hyper tulip mania and the deepest depths of the Great Recession trough. I’m amazed we’ve shaved off volatility as long as we have. Apres Boomers, le deluge? Reality feels like hyperparameters are deliberately set to dumb.

And so Wendell Berry is now percolating up not just through the permaculture hippies, Monsanto fighting eco-terrorists and nouveau TradCaths but in the feeds of my design hipsters too.

Williamsburg taste by way of pastor parents has found its way back to the Kentucky poet. Back to the land didn’t take for the Boomers but maybe this time it’s different. (Only if you are landed gentry).

“The cure proves incurable.”

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Internet Culture Startups

Day 1805 and Dark Leisure, Time Violence & Outputting Value

Any other software developers out there remember the mythical man hour? It comes from Fred Brooks’ classic book The Mythical Man–Month which argues that adding more people to a late software project often makes it even later. This is also known as Brooks’s Law.

The man‑hour is “mythical” when tasks are not perfectly partitionable and require significant communication, shared context, and integration.

I think in the age of artificial intelligence we need to be revisiting this classic complexity insight as it applies across a world where we understand even less about how the time of input drives its notional value.

Measuring productivity in hours is a relic of a past labor era. And most workers have little incentive to improve output when they aren’t paid for it.

If we had quiet quitting during the pandemic where jobs could be done in minimal ways without getting fired, in this new artificial intelligence roll out we see another type of value capture mismatch between input labor and firm.

We are seeing what Fabian Steltzer calls Dark leisure. Others call it shadow user innovation.

Innovation happening through employee adoption of new technologies that is opaque to management doesn’t get counted and workers are reticent to be transparent.

the reason ppl hide their AI use isn’t that they’re being shamed, it’s that the time-based labor compensation model does not provide economic incentives to pass on productivity gains to the wider org

so productivity gains instead get transformed to “dark leisure”

Fabian Steltzer

Anthropic released a study on the supposed stigma attached to using artificial intelligence at work. Humans are already reacting to artificial intelligence as if it were an existential threat.

Except it’s been generally existentially freeing up to this point. Anyone who has used commercial large language models on healthcare can attest to that. So why are hiding its use?

Even coders are doing it. And who can blame them. It’s a lot less fun for some folks to coordinate a swarm of agents than it is to write code for a living. If you wanted to be a product manager, well you’d already be one.

The boss makes a dollar and I make a dime so that’s why I prompt on the company dime!

We are seeing the early artificial intelligence era take off collide with industrial-era systems of management that are no longer relevant in age of increasing complexity.

We’re putting intelligence into systems designed to measure hours and surprised when there is a misalignment. A Twitter mutual has a theory of consciousness systems they believe makes this is a form of time violence.

Human beings can tolerate NP hard moments of complexity, but cannot survive continuous low-grade complexity

The gap between human adaptability and systemic inertia is now wide enough to generate an entirely new form of harm: time violence

– Idea Nexus Ventures

We just cannot keep up with the varieties and types of complexities that are arising, so any advantage that can be used is being used. And you’d want to hide that advantage as long as you can. Sharing it has no rational basis. I find that disappointing.

I’d rather we not vice signal artificial intelligence as it only harms us. The value capture won’t always match up, but the gains to be made are worth having so keep using it where it works for you.

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Aesthetics Media

Day 1802 and Very Julian Fellowes Coded

The temptations to build an investing case around a historical parallel cannot be avoided. Americans love their booms and busts. And we love grand television dramas about them.

Julian Fellowes is the stage name of a conservative British peer, actor and dude who gets BAFTA award for making television about aristocratic families familiar to adapt and Americans bailing them out.

Then he went on to make a period drama about righteous industrialists in America called the Gilded Age which isn’t as iconic as as it’s not as personal since obviously a British peer won’t understand American mores.

I keep reading editorials about what the artificial intelligence boom most resembles. This week it’s railway booms and busts and the fortunes made and most. We’ve got dueling mandates for skepticism and boosterism.

It’s just a little weird to think that we’ve already made the Silicon Valley drama about the last boom and bust moment and it didn’t get written by a British conservative peer but by a Gen Xer Mike Judge.

Maybe in another generation on Netflix we will get a sweeping historical drama about a polycule group house in San Francisco as the next Downton Abbey.

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Aesthetics Internet Culture

Day 1794 and What We Expect From The Wives

I’ve been intermittently online (as opposed to extremely online) this week what with the travel and the holidays. So I decided to use the Twitter algorithm to catch up on what the “Everything Platform” thinks I should see.

Which I realize is a bit like saying I’ll just have a little bump to see what is driving the rest of the club insane. I knew it was a bad decision and I fully endorse only using social media without algorithms. I generally use my following list in a chronological feed and stay away from image or video driven social networks.

But I am in many information flows that are built to grab attention and normalize information outside our Overton Window of current civil society consensus.

I was taught this was a good thing as a child. Reading and reconciling conflicting arguments was an important democratic norm required of all responsible citizens. I also understand as an adult that this exposes me to propaganda made by any number of sources.

Now you can judge my information sources but I value both of them and they had a common theme. Women, and in particular the wives of powerful men, are the keeper of m civilizational standards and used for this power. This message came from two very different places.

One is widely known indie founder who writes about doing business in Europe and the other is a publisher of books outside polite discourse messages as well as my neighbor in Montana.

Both accounts took me down different uses of the matter. Though both have share other accounts I’d consider right conservative populists. One was about an interview with Nicole Shanahan the ex-wife of Google co-founder Sergey Brin, former running mate of RFK Jr.

She discusses how the wives of wealthy startup founders are finding causes that are not actually helpful to their intended purpose and are perhaps even actively harmful. It uses some language that is tied to a number of conspiracy adjacent words like the Great Reset and the World Economic Forum.

It is still fair game as a civic polity might ask about the responsibility of the wealthy pretty regularly. I do think Silicon Valley wives are a new vector to watch as a pressure point though. I better watch it as if the tech billionaires’s ex wives are under watch, I can’t wait to see how their less powerful (but much more numerous), Girlbosses will be scrutinized.

This video sent me right into an interview Jonathan Keeperman aka Lomez doing an interview with right populist pressure researcher Christopher Ruffo. He who made critical theory and Critical Marxism a household issue in Republican America.

Lomez has an essay about the feminization expressed in the longhouse. I won’t do it justify by doing a synopsis but Vikings had longhouses and so do plenty of other cultures. This is not all together a positive portrayal of women’s role in civilization but certainly as its driving force.

The video I was served after LevelsIO’s retweet of a video clip of Nicole Shanahan was certainly further down a worldview. But it was also a more positive view of the role of women could be if the Karen was not viewed as a villain but as a hero of social norms.

Algorithms refine down to clearer distillations. Smoothing functions are revealing of form after all. And I think it is interesting that Silicon Valley liberal ex-wives are being shown against the backdrop of norms enforcing regular mothers, wives and guardians of the good life the Karen.

The Karen was once a liberal nightmare and it is an interesting space to replace for the culturally conservative, especially as the Zoomer incel nihilist view is raging across the internet like a prairie fire. So that was an interesting gradient from a European founder to my neighbor.

I’d also say it’s exactly why I don’t read from the algorithm. I fundamentally agree with different positions expressed here but mane not in ways you’d expect. I’ve seen the pressure we place on women in certain social contexts and we make them feel crazy for being the balance of norms but also being hated for it if we don’t chose the ones our clique or social context prefers. My algorithm wants me to understand the narrow band I walk on. Fucking dicks.

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Community Startups

Day 1792 and Grateful for The Exceptions

This Thanksgiving I am feeling particularly grateful for the exceptions in my life. My world is filled with the exceptionally rare. Rare people, insights, businesses, and outcomes are part of building something genuinely new.

I suspect I’ll have to justify my faith in investing in and introducing new technologies to the world. We are doing a lot of looking back as the path forward looks so uncertain. And I continue to advocate for looking forward with optimism.

We have a lot to integrate and metabolize into human cultural life. We will be forced to address these changes as they change our institutions and expectations over the next few decades.

There is a lot to dislike about the technology industry at the moment. We’ve evolved far beyond “startups” being scrappy zero to one experiments in the proverbial garage. Startups turned into “Big Tech” and that concentration of influence and money has not always lived up to the high expectations we have for power.

We have had multiple cohorts of businesses as a mature industry. And indeed we’ve had multiple generations of people who spent their entire lives building a global ecosystem of technologies, along with the talent and capital to scale it. We may relentlessly start afresh but we cannot avoid acknowledging that we are a power base in our own right now.

Just in my lifetime, we’ve publicly codified our cultural mores, shared decades of knowledge on best practices on the open web and built institutions dedicated to helping people work across the multiple fields and disciplines that encompass “technology” as an industry. Or maybe I should simply call it an economy. It may even be the economy at this point.

Which is a problem. Our capital sorting mechanisms have seen our efficiencies and returns and pushed more resources, human and financial, towards us.

That has frustrated and starved the industrial base that provides us with the infrastructure to build. Let’s not even get started on what it has meant for food, education, entertainment and family.

I began more seriously investing in startups at the beginning of the pandemic. We maintain a small fund with low key LPs and our own family capital.

That is enabled by what we jokingly call the circle of life that is a liquidity event. When a startup sells many people become not just a little bit better off but sometimes twenty or even hundred times better off.

Those outlier events pay for all of the other things which don’t work as well. It’s a hits driven business. Hollywood would say “Thats show biz baby!” Oddly we don’t have a simple way of explaining the randomness of who or what becomes a winner.

Being excellent just isn’t enough. Startups that succeed are often exceptional in all areas and even then it still might not work. That bothers losers more than it does winners because the winners can comfort themselves with the money. But deep down even the winners know it could have easily gone another way.

So this Thanksgiving I am grateful for all the exceptional cases that have come into my life. To even see one is a rare thing. To be exposed to dozens of them is extremely unusual. To be invested in even positive outcome from the very start is beyond rare.

We’ve done so much to make startups more accessible to those with the mindset and discipline to succeed and still so many barriers remain. I see my work as the first check a founder takes as being a small part of the cycle of exceptionalism that builds success.

Just in the past two weeks we’ve had three companies raise large scaling rounds at markups that now place them soundly in the exceptional category. In two cases, I was their very first check, and in the third I was in their first pre-seed round. I qualify it only because I was not the first person to commit which I strive to be.

That is where I strive to be exceptional. I want to be the very first person that sees you for what you will be.

And I am deeply grateful to the founders that allowed me to be their first believer. It’s hard to be a founder. I’ve done it. To be an investor is much easier. You just have to have the balls, the brain and the bravery to say “yes” to something nearly impossible. That I can say yes is something for which I am most thankful.

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Internet Culture Media Politics

Day 1785 and Adversarial Openness

There has been quite a bit of discussion in alignment theory with artificial intelligence that considers how legibility and openness might work at cross purposes when coordinating across different intelligences with different goals. Politics exist everywhere it would seem.

If you are transparent, but seek to change an agent’s behavior, you might reasonably be interpreted as adversarial by the agent. So it follows you must consider that their actions are no longer collaborative and open towards you but potentially adversarial and opaque depending on how it judges you.

The information habits and “winner’s optimism” that some American elder millennial display in public digital spaces are telling. In particular, we have skewed heavily towards legible openness as our internet was often friendly and our geopolitical positions was dominant.

These conditions are no longer true. And so we are now experiencing the Dark Forest Theory of Yancy Strickland (based on Liu Cixin’s stellar science fiction series the three body problem). American millenials are on a very different internet than we grew up on.

I’ll admit I have a bone to pick with Yancy as it felt more like he was defecting from the open web in 2019 because it was scary and filled with fascists. I didn’t think he believed it was because it was actually dangerous. His return makes me question his original declared intentions and his goals now.

The Dark Forest disappearing man has come back to the open web now. Things have changed and we all need our own private Idaho. Which you can find through his offerings.

I’ll note he needs the distribution channels of large adversarial networks like Twitter and that means gaining power in the dark forest. As we consider how open and legible to be in this very difficult moment I thought this was an instructional revealed preference.

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Aesthetics

Day 1781 and Paradise Lost in The Torment Nexus

The center does not hold. It is not holding. We are just not adapting to the changes in reality quickly enough.

If you get too close of a look at the basics of what’s necessary to survive a world where the trust is breaking down it’s hard to look at.

It doesn’t feel like we are going quickly enough adapting to a world where the state can’t perform its old functions and smaller entities like businesses and families need to maintain a heightened awareness of the larger context.

The joke has always been “don’t invent the torment nexus” but we seem to always invent the torment nexus if it will have a good return on capital. And we need to take this outcome quite seriously.

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Community Internet Culture

Day 1780 and Being Cooked

I’m starting to think the more optimistic you are about the future, the more cooked you think we are. I didn’t expect this.

The Doomers have a coherent worldview. It’s simple to imagine involving losing your humanity to machines. This is at least legible and a call to our common humanity. Change is scary and bad and we don’t know how any of this is going to go. So why not be cautious?

The optimists are all excited about different things though. And that opens us to a lot of attack paths. And yes I’m calling myself an optimist though I have a lot of downside scenarios on my radar.

Some of the outcomes that you might find dystopian are the utopian outcomes for someone else. Think Caliphates or Communist surveillance states.

The complexity of our reality is so far beyond the grasp of your average person it seems cruel. And we sympathize with the struggle to adapt because it appeals to our common humanity.

It’s no wonder America has had so many revivalist movements. We have changed so much in our 250 year history, we are always rediscovering the value of faith. What else do you have when the future is uncertain? If we are cooked anyways we may as well all take Pascal’s Wager?

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Aesthetics Politics Preparedness

Day 1774 and Haywire Hell Handbaskets

It’s getting harder to ignore the crumbles. Everyone on the internet is furious about everything. And everyone offline is just trying to keep their heads down.

I should probably have the good sense to do so as well, but I’ve made my bones being accessible and not at all sure I know what happens in a post-human Internet. I want it to be a human directed future.

2025 as a year has been particularly challenging even though we’ve had some positive moments. More and more things are breaking and it’s just impossible to ignore no matter your insulation from reality.

And quite obviously, I have done more than average to move us as far from the center of Empire as is feasible. We moved to Montana.

Part of me thinks it’s well past time we really took a hard look at the hell in a hand basket direction we are headed in. Things are going haywire everywhere. The brief moment in which it felt like we might accelerate through the turn naturally goes splat if you don’t commit to the bit.

And part of me says fuck’em all. The shit that was done to me in the service of extracting my life force for what, pensions and healthcare costs for a generation who broke all social fabrics? It’s literally Saturn eating his son levels of disgusting.

And yet, I’m still unwilling to consider the centralized approach. We’d be eaten faster just like whales fished into oblivion by mistakes in the Soviet math.

It’s quite canny of Peter Thiel to be ahead of it and it’s a better look than insulting the spiritual leader of the Catholic Church. And I’m not a notably sympathetic person when it comes to institutions like the Church (being a Protestant and all). I’m more of a direct communion with the Lord type.

However when a man well versed in scapegoat theory puts out a sympathetic hand & his most significant rival makes the tactical error of insulting the Pope, you know the tilt-a-whirl is in full spin and there is little space for any of us to cling.

We are on the highway to hell, & I was promised a handbasket but there are none to be had as they’ve been hoarded. The fourth turning is about to show us that even the liberals get the boot. There is little doubt that I am mere scraps of elite overproduction that refused to fuse to my intended spot. I’ll find my own place to stand.

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Culture Politics

Day 1773 and Post-Rats in An Irrational World

Shit just doesn’t feel right. That’s been true for a long time but the edginess of the moment seems nastier, grittier, closer and uncomfortably liminal. It feel like things are changing but into what I could not say.

Whatever we are phase shifting into as a species, or at least one with a shared reality, seems hopelessly fragile. We are coming apart and historical precedents don’t seem to be very helpful. Is this the furthest down the simulation we’ve come?

That is a pretty grandiose way of saying that America’s current troubles are accelerating and it’s hard to ignore how much stress this is causing.

Being on any portion of the internet is like being inside a tense family situation with billions of people who have poor impulse control. And no one is in charge.

Which to some extent means the planet wide project of nation states and the liberal capital system, is buckling under the weight of the network.

We can see too much of each other and the past rationalizations we’ve used to keep our world in check feels ridiculous.

Nothing feels rational to anyone, but only because the complexity of all our lives is now mapped across an enormous overlay of individual players which we can sense beyond our immediate daily lives. And it’s too much man. People are going offline and with it a contraction is happening.

I know more not only about my own country but can feasible access billions of other human players through the data that I have access to at any given moment. And it’s like watching every layer of Dante’s hell as your feed goes up and down the layers of a Hieronymus Bosch painting in an elevator. Except it’s not a metaphor.

Just the mechanics of global human scale seem insane. Player versus player at billions of players seems impossible. I didn’t sign up to be a character in Civilization. I don’t even think I’d like playing Civilization on God Mode.

I studied economics at University of Chicago in another lifetime. An institution started by an industrialist. That investment by one of the richest men to have ever lived did go on to educate minds. And while splitting the atomic changes the course of our societies, so did unleashing number of economists onto unsuspecting countries.

Eventually I realized that all our models are at best approximations, and every input is entirely reliant on mere maps of the actual terrain. Maps made by people just like me. I went to seek my fortune in the markets as a rational actor. Centralized systems did not seem to work.

I’ve got no idea where we are headed. I am intaking information as a totally irrational actor only aware of the hubris of any prior certainty. Is it irrational to behave rationally in an irrational system? Let us all smack into that paradox. Let us just consider that we are all trying to get through it changing as best we can.