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Every blog post that took off on Hacker News, ranked by the votes of its best submission. 8,981 posts.

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5027

The Anatomy of Determination

September 2009 Like all investors, we spend a lot of time trying to learn how to predict which startups will succeed. We probably spend more time thinking about it than most, because we invest the earliest. Prediction is usually all we have to rely on. We learned quickly that the most important predictor of success is…

5028

Kelly Criterion (2007)

It’s fairly clear when one should buy a particular stock. One should buy stock when it is undervalued. What I have always wondered about is how much stock one should buy. A few months ago I stumbled upon the answer which is given by the Kelly criterion . It says that one should invest an amount to maximize one’s…

5039

How Apple Works

Who takes over for Steve Jobs? 1 John Gruber recently posted his argument for thinking it will be COO Tim Cook. The biggest point in Cook’s favor is simple: “He’s already run the company while Jobs has been on leave.” That’s true, but it’s less meaningful than it sounds. But to understand why, you need to understand…