If you're committing to a 20 year journey that involves compounding returns You have to keep in mind throughout the journey that the majority of returns will happen in yeara 17-20 2004 vs 2024:

Max is a recruiting partner for hiring managers. Set it up on a role and then sit back and relax while Max sources candidates, screens applicants and schedules interviews all autonomously. With Max, hiring is faster, better and less expensive. youtube.com/watch?v=9ulmZ4…

I like that "Attention Is All You Need" came out in 2017, we've subsequently produced what amounts to a new form of strange, mysterious intelligence and yet so many people are at the bubble is popping stage. We're at like 1996 Internet and it's already pretty nuts

When everything is already going up (other than bonds), adding further monetary and fiscal easing to the mix will only serve to further inflate the financial asset bubble. Thread.

Hold on, because this is now about to happen. The bungling ideologues who used to run SF were completely defeated in this last election. The forces of reform have taken the Mayor's office, the Board of Supervisors, and the Board of Education.

Aaron Rubin Be incredibly ambitious, demand everything, subtract anything that doesn’t matter, put the ICs in charge, remove non-contributors, keep teams small. Then be willing to work harder than everyone else, know and care about all details, be decisive, hear everyone but be

Paraphrasing the best advice Paul Graham gave me: "Ask yourself if this startup is your life's work. Knowing you're in it for the long haul lets you settle into a calmer, more focused rhythm despite the daily ups and downs, as you trust you'll show up and make it succeed over time."

“San Francisco is not a city made for living, but a city for dreaming big and doing.” Amazing essay on a city we love

Start your year off with this post quantifying the housing shortage. This chart shows the deviation from the long-term trend in adults per house. It’s like we got hit by an asteroid in 2008 and nobody noticed. kevinerdmann.substack.com/p/how-many-hom…

Yes.

Prop 13 is so destructive to California municipal finances that wildfires actually *increase* property tax revenue Burning a California city to the ground has minimal impact on its bond rating & only modestly negative net budget impacts from temporarily higher city spending 😬

Self-recommending: Dan Hockenmaier deep dive on why DoorDash won

7. Booking a one-time house cleaner for my home through the Thumbtack integration based on my budget ChatGPT Operator came back to me with four highly rated options within my price range

It's exciting to see the public-intellectual drumbeat around "Abundance" manifest in this year's crop of California housing bills. They're far more ambitious--and promising--than anything I've seen previously. 🧵/17

Thousands, and then millions, of American small businesses, including many iconic brands, will go bankrupt this year if the tariff policies on China don’t change. 🧵

SB 79 (Wiener) and AB 609 (Wicks) both passed their final house of origin policy committee today. These bills are huge. If they pass, California will become a much more dynamic and affordable state, where entrepreneurs can build the future and anyone can afford to call home.

A clean CEQA exemption for infill housing just passed the Assembly Appropriations committee *on consent.* We have a lot more work to do, but things are looking up in California!

The Gentle Singularity blog.samaltman.com/the-gentle-sin…

New newsletter: HOW THE HOUSING MARKET FOR YOUNG PEOPLE BECAME A 'TOTAL DISASTER' In 1991, the median age of first-time homebuyers was 28. Now it’s 38. This is the hardest time for young people (defined, generously, up to 40) to buy their first home in modern history. The

“The greatest regret I have is underestimating the value of long term compounding. Capital, friendships, projects, places, all get better with decades. It is entirely what life is about. a few very good things for a long time.” - Will Manidis