sharprank - Tumblr blog

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5 Ascending Levels of Intellect

According to Einstein Einstein Always write your thesis down. If it takes more than a short paragraph, there is a fundamental problem. If it requires me to fire up Excel, it is a big red flag that strongly suggests that I ought to take a pass. Mohnish Pabrai

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The Dhandho investor: Mohnish Pabrai - Notes and Quotes

Notes and Quotes from The Dhando Investor – Mohnish Pabrai, published 2007, 209 pages. There were virtually no Patels in the United States just 35 years ago. Less than one in five hundred Americans is a Patel. Over half of all the motels in the entire country are owned and operated by Patels. Patels, as a group, today own over $40 billion in motel assets in the United States, pay over $725…

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The psychology of money - notes and quotes

This is not so much a book review as a summary of key quotes and my notes of the book “The psychology of money” by Morgan Housel Financial outcomes are driven by luck, independent of intelligence and effort. Financial success is not a hard science. It’s a soft skill, where how you behave is more important than what you know. I call this soft skill the psychology of money. The aim of this book is…

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The remote work tax

If you want work flexibility you can 1. Work for a small company and get paid less. OR 2. Work for a large company and get paid well. But commute 3-4 days a week.

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The Electric Vehicle Revolution - a primer

Notes from my discussions with multiple industry analysts and reading many reports. There are multiple changes happening with autombiles: Move to software-defined cars for “features” to be bought as subscriptions Move to electric vehicles from internal combustion engines Autonomous car technology Electrification of the charging network The growth of China as the leading EV and automobile…

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The Cybersecurity Market is $150B, growing to $1.5 Trillion by 2030

McKinsey says the market is under penetrated among mid-market companies and their research talking to 500 IT executives and 50+ cyber security vendors says this market is going to be large. Some names of companies A10 Networks, Inc. (NYSE:ATEN). San Jose, Calif. Application networking, load balancing and DDoS protection. Absolute Software Corporation (TSX:ABT). Vancouver, Canada. Makes…

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Google Music LM

Bollywood music I created with Google Music LM Google MusicLM is a large language model to create music with words. It is in beta right now. Here are the 2 music pieces I created. One for Bollywood and another for dance. High energy dance music from Google Music LM Created with NightCafe. AI

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Which AI image generator do you use most often - Poll results from 893 responders

Mid Journey and DALL-E are the most popular of the 50+ Generative AI image products. The others that are also getting mention are Starry AI and Stable Diffusion. Each of them have strengths in different areas but all of them get hands wrong.

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AI is already replacing so many things

Have you seen this image where Apple iPhone has replaced so many things we used before? Apple iPhone has replaced to many utility devices Midjourney created AI image prompt Here’s the image for what all AI Mid Journey will replace

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Impact of ChatGPT on $CHGG Chegg

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Impact of ChatGPT on $CHGG Chegg

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Impact of ChatGPT on $CHGG Chegg

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Impact of ChatGPT on $CHGG Chegg

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Why few developers will make multi-millions but most will see their salaries flatten

This week on the app Blind there were several discussions about salaries. Specifically if technology engineer salaries have peaked. Blind App Google, Meta and Microsoft in particular, and some other companies in the valley, were known to pay over $1 Million for senior developers. In 2019, Google had 21 engineers making over a million and that number has most certainly gone up since. Similarly…

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AI is already reducing the number of software developers needed

I have a network of about a thousand entrepreneurs, founders, and small business owners who read my blog posts daily of the 114K subscribers to this blog. I get a chance to ask them questions and poll them once a month or sometimes more often. Over the last few months as part of a project, I have been polling them frequently and asking them about AI and the impact at work. Most of these are…

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AI prompting = training a smart, new hire

There are many hustle bros on social media who will tell you that they have the secret “prompts” and that you are doing it all wrong. To get their secret prompts you have to attend their “course” or pay them for their “prompt guidebook”. I don’t think most people need prompt engineering courses. Yes, it takes time, and may be tricky initially, but it will get easier over time. The mental model…

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AgentGPT, BabyGPT and AutoGPT - what is the difference?

These are semi-autonomous “agents”, which can be given high level goals “make a website for selling books online”, and can figure out the high level tasks, such as front-end HTML site development, then backend database, etc. and execute each of the tasks and subtasks. They are all the same (at a high level), but use recursive mechanisms to help GPT create prompts for GPT (so meta). Which means…