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Comparing Tech, Tech-Enabled, and Traditional Businesses
We often hear how Industry X is undergoing a major tech transformation. Traditional companies in this industry are facing disruption from...
Jan 31, 20243 min read


The Long Tail Theory and Its Investment Implications
The "Long Tail" is a theory that was popularized by Chris Anderson in his 2004 book The Long Tail: Why the Future of Business Is Selling...
Jan 30, 20243 min read


Reflexivity and Credit Cycles
Reflexivity is a concept developed by investor George Soros to explain the interconnected relationship between market participants'...
Jan 29, 20243 min read


Mixture-of-Experts (MoE) in AI: A Primer for Investors
Machine learning and AI has driven transformative change across industries, fueled by advanced neural network architectures and...
Jan 28, 20243 min read


The Rise of Papercorns: Understanding this Unique Type of Startup
In recent years, a new term has emerged in startup circles - the "papercorn". This refers to a private startup company that has achieved a valuation of over $1 billion on paper through private funding rounds , but has yet to have an exit event via an IPO or acquisition. Papercorns are essentially the unicorns of the private markets. While they appear immensely valuable on paper , their actual realized value is still unknown . Papercorns have become more common in recent ye
Jan 27, 20242 min read


Metcalfe's Law for Investors
Metcalfe's Law states that the value of a network is proportional to the square of the number of connected users in the system. This...
Jan 27, 20243 min read


The Financial Instability Hypothesis
The financial instability hypothesis is an economic theory that attempts to explain why periods of economic prosperity often lead to...
Jan 26, 20243 min read


The Greater Fool Theory: Speculating for Profit
The "greater fool theory" is an investing strategy where an investor buys an asset, not because they believe it has inherent value or...
Jan 25, 20243 min read


Hypergraphs in AI
Hypergraphs are a powerful mathematical tool that is gaining popularity in artificial intelligence research . In graph theory , a hypergraph is a generalization of a regular graph where edges can connect any number of nodes instead of just two. This allows hypergraphs to model more complex relationships and dependencies in data. Here are some of the key ways hypergraphs are being used in AI. Knowledge Graphs Knowledge graphs are used to represent facts and relationshi
Jan 24, 20242 min read


Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
The old Wall Street adage "bulls make money, bears make money, pigs get slaughtered" contains valuable advice for investors. This maxim...
Jan 23, 20242 min read


The Productivity Paradox and AI
The productivity paradox refers to the apparent contradiction between the rapid technological progress of information technology and the...
Jan 22, 20243 min read


Growth At Any Cost (GAAC) vs. Profitable Efficient Growth (PEG): A Guide for Investors
In tech industry, there is an ongoing debate about two different growth strategies for startups and tech companies - Growth At Any Cost and Profitable Efficient Growth. As an investor, understanding the differences between these strategies can help you evaluate investment opportunities. What is Growth At Any Cost ( GAAC )? The GAAC model prioritizes rapid customer and revenue growth above everything else, even profits. Companies following this strategy spend aggressively o
Jan 21, 20243 min read


VC Orphans - The Forgotten Startups Left Behind by Venture Capital
For startups seeking venture capital, securing funding from a reputable VC firm can seem like a golden ticket. The money, connections,...
Jan 20, 20243 min read


Beyond Quarterly Earnings: The Evolution of Financial Analysis and AI
For investors trying to pick winning stocks, quarterly earnings releases are an important source of information. Company executives summarize financial performance, discuss key business drivers, and provide future guidance in earnings calls and financial reports . It's tempting for individual investors to just read the headlines and make buy or sell decisions accordingly. However, the job of a professional financial analyst entails a much deeper understanding of a company'
Jan 19, 20243 min read


SEC 8-K Filings and TheSEC.AI: A Guide for Investors
SEC Form 8-K is a report that public companies must file with the Securities and Exchange Commission to announce major events that...
Jan 18, 20242 min read


Understanding Utility Functions in AI
Artificial intelligence systems aim to make optimal decisions to achieve goals. To determine which actions will lead to the best...
Jan 18, 20243 min read


The Limits of AI's World
The famous quote "The limits of my language mean the limits of my world" by philosopher Ludwig Wittgenstein points to an important...
Jan 16, 20243 min read


Direct Preference Optimization (DPO) in AI
As artificial intelligence systems become more advanced, there is a growing need to align them with human values and preferences. Direct...
Jan 15, 20243 min read


The Disposition Effect: How it Impacts Investment Decisions
The disposition effect is a behavioral bias that describes the tendency of investors to sell winning investments too soon and hold on to...
Jan 14, 20243 min read


Model Collapse in AI: A Guide for Investors
Artificial intelligence systems have shown immense progress in recent years, achieving superhuman performance in tasks like image...
Jan 13, 20242 min read
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