Geometric Unity – A Theory of Everything (Eric Weinstein) | AI Podcast Clips

Full episode with Eric Weinstein (Apr 2020): https://www.youtube.com/watch?v=rIAZJ…
Clips channel (Lex Clips): https://www.youtube.com/lexclips
Main channel (Lex Fridman): https://www.youtube.com/lexfridman
(more links below)

Eric Weinstein is a mathematician with a bold and piercing intelligence, unafraid to explore the biggest questions in the universe and shine a light on the darkest corners of our society. He is the host of The Portal podcast, a part of which, he recently released his 2013 Oxford lecture on his theory of Geometric Unity that is at the center of his lifelong efforts in arriving at a theory of everything that unifies the fundamental laws of physics.

How Buybacks Have Warped the Stock Market & Boeing (w/ Dr. William Lazonick)

Dr. William Lazonick, co-founder and president of The Academic-Industry Research Network, sits down with Real Vision’s Max Wiethe to dissect the evolution of the stock market and the modern American economic system. Citing Boeing as an example, he contends that the stock market is being used to loot previously innovative corporations as insiders and outsiders alike are incentivized to push stock prices higher. He also argues that American competitiveness is being sapped as companies prioritize stock buybacks over investing in research and development, building new infrastructure, and paying off debt. Lazonick explains how this focus on short-term profits has led to unstable employment, sagging productivity growth and a loss of international competitiveness. Filmed on December 6, 2019 in New York.

Inventors Seldom Capture the Value of their Invention

anscript

00:02
hi everybody I’m Josh constant here at
00:05
TechCrunch Disrupt SF I’m here with
00:07
Peter Thiel of founders fund and Metro
00:09
capital now you’ve talked a lot about
00:11
how you need to choose companies that
00:13
might seem crazy at first to the average
00:15
person otherwise it would be an idea
00:16
that somebody already taken how do you
00:18
tell the difference between crazy and
00:20
crazy like a fox you’re something that
00:21
will actually pan out well you try to
00:24
you try to just always evaluate the
00:27
substance afresh so does the technology
00:30
work you can ask questions about what
00:33
what’s the prehistory of the founders
00:35
have they been working together for a
00:36
while are they are they going to give up
00:39
at the first sign of trouble so I think
00:41
you you want to always focus on the
00:43
substance there are no shortcuts so you
00:46
try to avoid you know coming in with
00:48
biases about what can and can’t work
00:49
ahead of time yet there’s always a
00:51
temptation to come with all sorts of
00:53
sort of one-sentence rules and we’re as
00:56
guilty of that as anybody but but I
00:59
think what’s what’s gone best is you
01:00
find something interesting about it and
01:02
then you try not to get to a yes or no
01:04
decision right away you try to really
01:06
understand the substance keep an open
01:08
mind and understand that so substance
01:11
over-over process every time so it’s
01:14
surely a hard question to answer because
01:16
it’s very generic and everyone every
01:18
startup is different but when you hear
01:19
an idea that you’re wondering if it can
01:21
really work what is it your go-to
01:23
follow-up question to ask an
01:25
entrepreneur pitching you about and what
01:27
is their their philosophy or their
01:29
long-term vision and how likely they are
01:31
to succeed at it well well there’s sort
01:34
of you always want to get the team the
01:36
technology and the business strategy so
01:38
you have to get all three of those to
01:40
work and so if people are if you want to
01:42
talk about the technology we’ll talk
01:44
about the people in the business
01:45
strategy so you go to you go to the the
01:47
other two topics if they don’t want to
01:48
talk about them that much so I wanted to
01:51
ask you a little bit about your
01:52
philosophy and the philosophy of the new
01:54
rich that’s come out of the technology
01:56
scene you know you’re known for having
01:57
very strong perspectives I personally
01:59
went to the seasteading festival of
02:01
ephemeral really fascinated by that way
02:04
of looking at things where we can solve
02:05
the problems ourselves we don’t
02:06
necessarily have to wait for somebody
02:07
else what do you think do you think that
02:09
there’s a different value system amongst
02:12
people who are becoming wealthy out of
02:14
the technology scene opposed to you know
02:16
industries of old it’s always hard to
02:19
generalize but it I I do think there’s
02:21
play something different whether you
02:22
made your money in computers or in say
02:25
resources in the Congo or something like
02:27
that so I do think I do think that
02:29
there’s something generally good about
02:31
technology and generally very positive
02:34
about this as an industry I’m obviously
02:35
a bit biased but I do really I do really
02:38
believe that I think I think
02:40
philanthropy is an area that deserves to
02:43
also be rethought and I always like
02:45
asking these contrarian questions and so
02:46
if the contrary in question businesses
02:48
what great companies nobody’s starting
02:50
in on implants would be the contrarian
02:53
question I think is always something
02:54
like what great cause does nobody want
02:57
to support and and so I always uh I one
03:01
of the questions I always like to ask is
03:02
why is it cause unpopular I don’t want
03:04
to give money to popular cause I feel
03:05
those are well enough funded I think the
03:07
unpopular causes that deserve to get
03:09
more its me it seems like when people
03:11
come up so quickly in the technology
03:13
world because of the way that you know
03:14
equity structures work and how quickly
03:16
you can get to market and make something
03:18
really big with the modern distribution
03:20
channels that you know if somebody
03:22
becomes rich in five years it feels like
03:24
maybe that money doesn’t really belong
03:25
all in my bank account like it’s kind of
03:27
belongs to the world it was kind of
03:28
random that it ended up with me opposed
03:30
to somebody who maybe came up through a
03:31
more hierarchical world worked every day
03:33
for twenty years and when they get to
03:34
the end of it they say this money really
03:36
is mine do you see any of that
03:37
perspective that people feel like they
03:39
don’t really have a right to the money
03:40
that they’ve earned in technology and
03:42
that it’s better for them to give it
03:43
away or like what is the philosophy of
03:45
people who are taking the giving pledge
03:46
or making those really big donations
03:48
well I think I think in general it is um
03:52
it is that that they they want to give
03:55
something back to society I’m not sure
03:57
they I think that mostly do think that
03:59
they actually deserve all of it but I
04:01
think these are some of what they got I
think the reality is that what’s unusual
about the tech industry in Silicon
Valley
is that the inventors are capturing
anything at all the history of
innovation has been one where most the
people who invent things get nothing at
all and so the Wright brothers came up
with the first airplane but didn’t get
rich
or you know even the original
Edison versus Tesla you say Tesla is the
greater in
and that was the better way to go but
somehow Edison edged out Tesla and so
most of innovation has actually not not
gone to the people who came up with
things you have to to make money you
have to do two things number one you
have to create something of value for
the world and number two you have to
capture some fraction of the value you
create and and often people have
completely failed of doing the second so
I think Silicon Valley is very unusual
04:51
in that there’s this large class of
04:54
innovative people that are actually able
04:56
to capture some fraction of the value
04:58
they’re creating that’s great so now
05:00
that we have founders who are making a
05:01
fortune by making something everyone in
05:03
the world wants hopefully they can make
05:05
some difference for the better in the
05:06
world as well yes yes and I always I
05:09
always would say that you want to make a
05:11
difference for the better in a way
05:12
that’s not just looking for status not
05:14
just in a respectable way but people
05:17
should try to be courageous in their
05:19
philanthropy

What Kind of Health Care System Should the U.S. Adopt? Part II

The Institute for Freedom & Community at St. Olaf College seeks to promote free inquiry and meaningful debate of important political and social issues. By exploring diverse ideas about politics, markets, and society, The Institute aims to challenge presuppositions, question easy answers, and foster constructive dialogue among those with differing values and contending points of view. Established in 2015, The Institute offers a distinctive opportunity to cultivate civil discourse within a liberal arts setting. See more at institute.stolaf.edu

This is the final event of the IFC’s spring 2018 series: “Freedom, Community, and Health Care,” featuring a conversation between Amitabh Chandra and Tyler Cowen, moderated by St. Olaf College Associate Professor of Economics Ashley Hodgson.

Amitabh Chandra is the Malcolm Wiener Professor of Public Policy and Director of Health Policy Research at the Harvard Kennedy School of Government. He is a member of the Congressional Budget Office’s Panel of Health Advisors, and is a research associate at the National Bureau of Economic Research.

Tyler Cowen is an economist, blogger, best-selling author, and professor of economics at George Mason University and at the Center for the Study of Public Choice. He is also the director of the Mercatus Center, a research center dedicated to bridging the gap between academic research and public policy problems by training students, conducting research of consequence, and persuasively communicating economic ideas to solve society’s most pressing problems and advance knowledge about how markets work to improve people’s lives.

Microsoft Co-Founder Bill Gates on The David Rubenstein ShowMicrosoft Co-Founder Bill Gates on The David Rubenstein Show

Oct. 17 – Bill & Melinda Gates Foundation Co-Chair and Microsoft Co-Founder Bill Gates talks about global warming, carbon emissions, regulating big tech, and why he thinks Impossible Foods and Beyond Meat can help the environment. He appears on “The David Rubenstein Show: Peer-to-Peer Conversations.” The show was recorded on June 24 in Washington.

Peter Thiel on being a contrarian

you think they’re going to go well it’s
been a it’s been an incredible success I
would I would never bet against a long
in anything so I think that’s sort of
you know hard hard rule number one um
it’s probably you know if you sort of
ask what is it that the innovation
what’s what’s been the innovation in
SpaceX or Tesla on the many different
forms innovation takes the most common
one we’re used to is sort of you launch
something and then you iteratively
improve it sort of this continuous
improvement model we occasionally have a
modality of innovation we have a big
brilliant breakthrough like maybe
Bitcoin where Sony who worked on it in a
closet for 10 years and then release
this amazing discovery to the world but
I think there’s another modality of
innovation that’s that’s very underrated
is what I described is complex
coordination where you just take a lot
of different pieces and the innovation
is to combine them in a new way so if
you ask what is new about SpaceX rockets
or Tesla cars you know all the
components already existed at least in
the initial designs and the critical
thing was to pull them all together in a
in a new form and and that sort of
vertical integration on you know is
somewhat capital intensive which is why
it’s quite hard to get it financed but
it’s done very little and and so and
then once it’s done it’s something that
tends to get underrated I think Apple
Apple’s iPhone the first smartphone that
really worked is another example of
complex coordination and when
people as you know people write
biographies on jobs it’s like well he
was a jerk and that’s that’s the most
interesting thing and what would really
is interesting is how was he able to
motivate all these people to build this
completely new product and it was that
you could you could do something
incredible not by inventing any specific
thing that was new but bringing all the
pieces together in just the right way
and that’s that’s what the iPhone
represented
that’s what Tesla represents with cars
or or SpaceX with rockets and what is
the no pun intended the trajectory of
SpaceX do you think because he’s now
gotten you know to space many times
gotten to the space station many times
and he’s almost landed the reusable
rocket he’s tried twice and it’s it’s
what it’s apparent he’s going to get it
and that’s truly innovative yes well I
think I think I think having built this
vertically integrated rocket company
it’s now possible to innovate on that in
ways that we much harder if you had this
super complicated subcontract or sub
subcontractor system where all the
components are bespoke and you can’t
innovate on the whole thing so having
integrated all the pieces you can
innovate if they if they get to