May 10, 2020
This week my partner and I decided to stay at Utah for two months more, and we kept encouraging each other that, one day, we will finally go out.
I finally cleaned up all my notes from the past 5 weeks! I am more familiar with Emacs after using it daily, but I haven’t got used to org-mode, which I am told is very powerful.
I read very little Rust code this week – more time was spent on the RiB plan – and there was a bunch of stuff that happened last month in the Rust & blockchain area. Very exciting!
RiB Newsletter #11 – The Flourishing Spring
- More contributors to this issue
Interesting Thingssection up to the top
- Added more interesting repos
- Auto the project GitHub updates, even though there is still a bug we haven’t solved
- I successfully wrote bad code for this ribbot
- Updated rib-bible.md and synced with ribbot config file
- Published a Chinese post About the rib newsletter workflow
- Generated notes: Notes on Rules of Thumb
Ethereum Test (I still feel bad about it)
- Create Ethereum-powered apps with one command
- DApp tools – too old
- Starting with Ethereum: Deploying and running a contract
- Truffle again
- Report: Analyzing Developers in Cryptocurrency Projects
- Report: DeFi User Survey — The results & insights
- Blog: The Naked Truth About Writing a Programming Language
- Blog: The Problem With Grants
- Blog & discussions: Making Emacs Popular Again
- Podcast: Programming Throwdown, I forgot which episode - -
- Doing what it works, see what works for you.
- No best practice – “best” for who, what’s the context.
- Learn a new language every year, no need to be used in the work or have some purpose. Just to learn how to solove problems in different ways.
- Some developers know in their deep heart that they can make the code better, but they are not willing to take risks. They failed at the confidence.
- Podcast: Weekly News Roundup 5/8/20 (Paul Tudor Jones, the stablecoin invasion, Cash App’s Q1)
- Notes on
The 2020 Berkshire Meeting
On Risk Management
When I look at worst case possibilities, I would say that there are things that I think are quite improbable. And I hope they don’t happen, but that doesn’t mean they won’t happen. I mean, for example, in our insurance business, we could have the world’s, or the country’s, number one hurricane that it’s ever had, but that doesn’t preclude the fact that could have the biggest earthquake a month later. So we don’t prepare ourselves for a single problem. We prepare ourselves for problems that sometimes create their own momentum… There are things to trip other things, and we take a very much a worst case scenario into mind that probably is a considerably worse case than most people do….
I’m not recommending that people buy stocks today or tomorrow or next week or next month. I think it all depends on your circumstances, but you shouldn’t buy stocks unless you expect, in my view, you expect to hold them for a very extended period and you are prepared financially and psychologically to hold them…
The point is to think more like Graham and Buffett when assessing risk. Can you figure out the best, worst, and most likely outcome for an investment and a rough probability of each? Does the expected return on the likely outcome make it a good investment at the current price?
On Being Careful How You Bet
I don’t know, and perhaps with a bias, I don’t believe anybody knows what the market is going to do tomorrow, next week, next month, next year. I know America is going to move forward over time, but I don’t know for sure, and we learned this on September 10th, 2001, and we learned it a few months ago in terms of the virus. Anything can happen in terms of markets, and you can bet on America, but you got to have to be careful about how you bet, simply because markets can do anything.