I invest in various network based businesses and talk about career and/or investments. Hope it's helpful. Not investment advice.
Australia
Joined October 2017
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This account repeats important, but not original, thoughts about: investments, compound interest, service, humility, prayer, ongoing analysis, and gratitude. Questions welcome. Not investment advice.
21networks retweeted
A geek who hacks Medicare would be charged.
A company that creates an AI agent that hacks Medicare should be charged.
Breaking: Anthony Albanese rings up Sam Altman to express "severe concern" after finding out an AI agent hacked into an Australian Medicare data portal in June. Richard Marles says while the impact was "minor" it is a "warning in terms of what can happen"
abc.net.au/news/2026-09-24/a…
How likely is it that the AI panic is just this generations version of Y2K?
The last thing AI doomers want you to read is the column from Brian Gross in today's @WSJ b/c it describes the "Hugging Face hack" in matter-of-fact fashion, using language free of AI jargon and apocalyptic music: wsj.com/opinion/the-hugging-…
21networks retweeted
Just flagrantly one of the most blatant and offensive lies I've ever seen in Australian politics in the first 30 seconds of this video. To blame Australians for the housing crisis, despite Labor bringing in literally millions of new migrants, is genuinely psychopathic.
The more I use AI, the more I return to Punch cards. My prompts are like the card runs I used to perform. Here are my lessons from that time:
Treating an AI prompt like an old-school punch card—where every single instruction has to be precise, ordered, and formatted just right—helps you get way better, more predictable results from large language models. [1] (youtube.com/watch?v=hVJOnuhF… Batch-Processing MindsetOne shot, zero room for error: Punch card programmers couldn't chat back and forth with the machine mid-run; they had to get the whole sequence right before feeding it into the reader. [1] (youtube.com/watch?v=q456Rw3s…), [2] (youtube.com/watch?v=hVJOnuhF… AI lesson: Structure your prompt as a complete, self-contained batch of instructions. Don't assume the model will guess your missing context—lay out the goal, constraints, and format all at once. [1] (youtube.com/watch?v=2YCaBqP8…), [2] (youtube.com/watch?v=hVJOnuhF… and SequencingStrict ordering: Punch cards relied on a precise physical sequence (like a boot card first) to tell the machine how to read the data.The AI lesson: Put your most important instructions and context at the very top or bottom of your prompt where the model pays closest attention. Use clear sections or delimiters so the AI parses your logic sequentially rather than getting confused by a messy wall of text. [1] (youtube.com/watch?v=q456Rw3s… Over VaguenessBinary logic: A punch card either had a hole punched or it didn't—there was no room for "sort of" or "maybe".The AI lesson: Swap loose requests like "write something good" for hard constraints. Specify exact word counts, required headings, or forbidden phrases to keep the AI from wandering off track. [1] (linkedin.com/pulse/5-effecti…), [2] (youtube.com/watch?v=q456Rw3s…), [3] (youtube.com/watch?v=2YCaBqP8…)
21networks retweeted
Translation: our gross margins are getting competed down to 0 by open source models and our capex burn rate is too high.
Let’s maintain our margins with regulatory capture, ban open source models, and slow down the capex arms race. All with a virtue signaling cherry on top.
We Must Pace the Frontier: I’ve written a new essay on why the AI industry should slow down, with a three-part plan for doing so.
Anthropic is unilaterally committing to the first of these steps. We’ll provide third-party evaluators with permanent, employee-level access to our systems, so that they can verify adherence to our safety measures, report on incidents, and assess models’ alignment during training.
You can read the full post here: darioamodei.com/post/we-must…
Does anyone know how these rules work in practice? Also, for how long can they be applied?
21networks retweeted
When the USSR agreed to slow the arms race in 1987, it wasn’t because it suddenly cared about safety.
It was because it was running out of money and would soon collapse.
Rivals Altman and Musk rally behind Dario Amodei’s call for an AI slowdown ft.trib.al/3UWLFCQ
21networks retweeted
“Conservatism is not a matter of defending global capitalism at all costs, or securing the privileges of the few against the many. It is a matter of defending civil society, maintaining autonomous institutions, & defending the citizen against the abuse of power…”
Roger Scruton
21networks retweeted
I'm in San Francisco this week. So is the Deputy Prime Minister, but we’re here for very different reasons.
He's meeting with Anthropic and OpenAI, working on Australia’s data centre pipeline.
I'm here as the co-founder of @_Firmable and a Partner at @GlitchCapital, meeting with Australian founders who moved here this year. The CGT changes came up in almost every conversation as part of the reason they left Australia to build their business in the US.
What a mess.
The AFR published two opinion pieces todaythat demonstrate this shambles.
In the first, Treasurer Jim Chalmers set out how Australia can benefit from AI if we get it right. And that’s a big if. The headline number he was spruiking was $150 billion of data centre investment by 2030.
Jim, data centres are the bottom of the stack. Concrete, power and imported GPUs. Enormous capex, very few jobs, and negligible compounding growth for our country. If that's only our AI strategy, we’re in trouble, as we're importing expensive chips, hosting someone else's product, and then buying the intelligence built on top of it at full retail.
The bigger opportunity is in using and complementing the frontier models. Products built on top of frontier models that solve real business problems. That's where jobs are created and where the productivity Chalmers is chasing actually comes from. I’m seeing it at what we’re building at Firmable, the companies we invest in at Glitch and the founders I’m meeting in the Bay Area.
In the second op-ed, @Shaun_Cartoon laid out what Chalmers is actually doing to the people who build that layer. Effective rates for founder and employee equity are doubling to 47%, which is why founders are leaving.
Australia is courting the frontier labs on one hand, and taxing the hell out of the Australian founders and builders.
You can't be a value-add exporter of AI when the value-adders are in San Francisco.
If Australia is serious about backing innovation, restore the 50% CGT discount for all businesses. This alone will generate far greater productivity gains for our country than data centres will.
"Pauline Hanson and One Nation are the Australian version of Michael Moore's "human molotov cocktail" to hurl at a tone deaf and out of touch political class." Is a good summary of the situation.
The vast majority of One Nation's proposed policies and its main focus (immigration levels) are federal issues.
This should place a greater emphasis on their performance at a state level, not less.
They don't really have the policies at a state level in a place like WA to really move the needle significantly with the average voter based solely on state issues in a vacuum.
So what support they are enjoying in places like Secret Harbour is heavily drawn from protest votes over the state of the country federally, even though the WA state government is relatively well supported at a state level.
Pauline Hanson and One Nation are the Australian version of Michael Moore's "human molotov cocktail" to hurl at a tone deaf and out of touch political class.
All this could be remedied over time an uncomplicated enough manner, but that was also true of Trump over a decade ago.
I suspect we will learn nothing and repeat the mistakes of our cousins across the seas.
21networks retweeted
The vast majority of One Nation's proposed policies and its main focus (immigration levels) are federal issues.
This should place a greater emphasis on their performance at a state level, not less.
They don't really have the policies at a state level in a place like WA to really move the needle significantly with the average voter based solely on state issues in a vacuum.
So what support they are enjoying in places like Secret Harbour is heavily drawn from protest votes over the state of the country federally, even though the WA state government is relatively well supported at a state level.
Pauline Hanson and One Nation are the Australian version of Michael Moore's "human molotov cocktail" to hurl at a tone deaf and out of touch political class.
All this could be remedied over time an uncomplicated enough manner, but that was also true of Trump over a decade ago.
I suspect we will learn nothing and repeat the mistakes of our cousins across the seas.
Folks every start up needs to raise a little capital at a great valuation in the next year.
Smart move by @mrjoeaston to get a high valuation so he’s grandfathered on this higher valuation before the new insane #CGT comes in on 1st July 2027.
Joe it would make sense to raise a little more capital at a higher valuation before then if possible.
We must all fight to stop the new insane #CGT introduction by @AlboMP & @JEChalmers
#JoinWARonCGT #StoptheCGT
21networks retweeted
The government has just released the draft legislative instrument confirming its default CGT calculation uses the same CAGR method as our calculator. It shows why without a valuation, many investors could face a much higher tax bill, forcing them to spend thousands on valuations next year.
stockspot.com.au/cgt-calcula…
21networks retweeted
Pleased to be a sponsor and attend the Merrimack County Republican Committee Wine & Appetizer Event at Black Bear Vineyard in Salisbury. Fun time!
21networks retweeted
As Senator, I’ll have just one job - stand up for the people of New Hampshire every single day. It’s time to make life more affordable, and that starts with more jobs, less debt, and a stronger economy.
Together, let’s show America the New Hampshire way.
21networks retweeted
So I bit the bullet and took my drawer of old useless cables to the recycling. The stuff everyone has, unused for years, lying around. The cables designed for God knows what, God knows when.
2 days later I can tell you categorically: don't do this.
21networks retweeted
Why is it ‘cancelled’ in the U.K. but ‘canceled’ in the U.S.?
Because we gave them that L in 1776.
