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3633

The Global Dollar Short Squeeze

Published February 2020 There is currently a short squeeze affecting most of the global economy, slowing its growth. This has been the case well before the impacts from the trade war and the coronavirus. A short squeeze occurs when something that is heavily shorted goes on to rise sharply in price for one reason or […]

3645

Mistakes That Kill Startups (2006)

October 2006 In the Q & A period after a recent talk, someone asked what made startups fail. After standing there gaping for a few seconds I realized this was kind of a trick question. It's equivalent to asking how to make a startup succeed — if you avoid every cause of failure, you succeed — and that's too big a…

3653

Signaling as a Service

01 Intro One of the best books I have read in the last few years is The Elephant in the Brain by Robin Hanson and Kevin Simler. The book makes two main arguments: a) Most of our everyday actions can be traced back to some form of signaling or status seeking b) Our brains deliberately hi