Odd Lots
Odd Lots
Oct 15, 2020
How Tobacco Became One Of The Greatest Investments In History
Play episode · 56 min

For over a century, tobacco stocks have been among the greatest investments in history, consistently outperforming other sectors decade after decade. But what is it about tobacco companies specifically that has led to this incredible performance? On this episode, we speak with financial advisor Lawrence Hamtil along with Gene Hoots, a financial advisor and the author of “Going Down Tobacco Road”, to discuss the extraordinary performance of this sector.

Conversations with Tyler
Conversations with Tyler
Mercatus Center at George Mason University
Michael Kremer on Economists as Founders
Michael Kremer is best known for his academic work researching global poverty, for which he was awarded the Nobel Prize in 2019 along with Esther Duflo and Abhijit Banerjee. Less known is that he is also the founder of five non-profits and in the process of creating a sixth. And Kremer doesn’t see anything unusual about embodying the dual archetypes of economist and founder. “I think there's a lot of relationship between the experimental method and the things that are needed to help found organizations,” he explains. Michael joined Tyler to discuss the intellectual challenge of founding organizations, applying methods from behavioral economics to design better programs, how advanced market commitments could lower pharmaceutical costs for consumers while still incentivizing R&D, the ongoing cycle of experimentation every innovator understands, the political economy of public health initiatives, the importance of designing institutions to increase technological change, the production function of new technologies, incentivizing educational achievement, The Odyssey as a tale of comparative development, why he recently transitioned to University of Chicago, what researchers can learn from venture capitalists, his current work addressing COVID-19, and more. Follow us on Twitter and IG: @cowenconvos Email: cowenconvos@mercatus.gmu.edu Follow Tyler on Twitter Facebook Newsletter
50 min
Hidden Forces
Hidden Forces
Demetri Kofinas
Rise of a New Kleptocracy: How Dirty Money is Conquering the World | Tom Burgis
In Episode 160 of Hidden Forces, Demetri Kofinas speaks with Tom Burgis, an investigations correspondent at the Financial Times who is also the author of Kletopia, a book that chronicles the world of dirty money, with its complex web of criminals, money launderers, and politicians who enable it. In recent decades, we have witnessed in the west the rise of a new kleptocracy that knows no boundaries, obeys few laws, and which is enabled by a sort of political consensus to loot. This looting has become so pervasive that the money extracted by members of this cabal is enough to buy the political power, to change the laws, to loot some more, in a self-perpetuating cycle of fraud, criminality, and wide-spread corruption of the system of liberal, democratic capitalism upon which these same kleptocrats depend for their own survival. Unfortunately, the conduits through which we learn about this phenomenon are themselves often held captive, to one degree or another, by these same forces. The more obvious their looting becomes and the more our elected officials choose to ignore it or divert our attention away from it, the more radicalized and susceptible the electorate becomes to the promises of candidates who seek to fill the vacuum of trust left by our politicians with power. In their conversation today, Demetri and Tom discuss the nature of this problem and why it poses such a serious threat to the very systems that it seeks to exploit. You can access the episode overtime, as well as the transcript and rundown to this week’s episode through the Hidden Forces Patreon Page. All subscribers gain access to our overtime feed, which can be easily added to your favorite podcast application. If you enjoyed listening to today’s episode of Hidden Forces you can help support the show by doing the following: Subscribe on Apple Podcasts | Spotify | Stitcher | SoundCloud | YouTube | CastBox | RSS Feed Write us a review on Apple Podcasts Subscribe to our mailing list through the Hidden Forces Website Producer & Host: Demetri Kofinas Editor & Engineer: Stylianos Nicolaou Subscribe & Support the Podcast at http://patreon.com/hiddenforces Join the conversation on Facebook, Instagram, and Twitter at @hiddenforcespod Episode Recorded on 10/19/2020
1 hr 5 min
All-In with Chamath, Jason, Sacks & Friedberg
All-In with Chamath, Jason, Sacks & Friedberg
Jason Calacanis
E10: Twitter & Facebook botch censorship (again), the publisher vs. distributor debate & more
Follow the crew: https://twitter.com/chamath https://linktr.ee/calacanis https://twitter.com/DavidSacks https://twitter.com/friedberg Follow the pod: https://twitter.com/theallinpod https://linktr.ee/allinpodcast Sacks' blog post on Section 230: https://medium.com/craft-ventures/rip-section-230-1112dfad3fac Referenced in the show: NY Post Hunter Biden Story https://nypost.com/2020/10/14/email-reveals-how-hunter-biden-introduced-ukrainian-biz-man-to-dad/ Twitter's explanation for censoring it https://twitter.com/TwitterSafety/status/1316525303930458115 Facebook's explanation for censoring it https://twitter.com/andymstone/status/1316395902479872000 Updated CDC survival rates https://twitter.com/adam_creighton/status/1308652790823051264?s=21 Show Notes: 0:00 The besties catch up on the news 1:29 NY Post Hunter Biden story & censorship by Twitter/Facebook 7:27 What is section 230 & how does it play into the publisher vs. distributor debate 13:23 Distinguishing between publishers & distributors 28:30 Why Twitter & Facebook's actions with the NY Post were a huge blunder & crossed a line, should the laws be rewritten? 37:21 Trump beats COVID, what that means for better treatment options, dueling town halls 46:14 Sacks explains his stance on Prop 13 & Zuckerberg's pro-Prop 15 lobbying 54:34 Thoughts on Amy Coney Barrett & Biden's large lead in the polls
1 hr 4 min
a16z Podcast
a16z Podcast
Andreessen Horowitz
Textiles as Tech, Science, Math, Culture... or Civilization
"The most profound technologies are those that disappear. They _weave_ themselves into the _fabric _of everyday life until they're indistinguishable from it." That quote from computer scientist Mark Weiser is from a 1991 paper where he outlined the vision of ubiquitous computing; in it, he also referenced "seamlessness"... We just can't get away from textile metaphors: we catch airline "shuttles", we "weave" through traffic, we follow comment "threads” -- the metaphors are as ubiquitous and abundant and threaded throughout our lives as the textiles (and computing) all around us. In fact, argues author and columnist Virginia Postrel, the story of textiles IS the story of technology and science (across all kinds of fields, from biology to chemistry); of commerce (as well as management, measurement, machines); but most of all, of _civilization_ (vs. just culture) itself. That's what her new book, _The Fabric of Civilization: How Textiles Made the World_ is all about. But it's really a story and history of innovation, and of _human ingenuity_... which is also the theme of the a16z Podcast -- and of this special, inaugural book launch episode with the author in conversation with showrunner Sonal Chokshi. The discussion both dives deep and lightly dips into a wide range of topics: fabrics, from the genetics of cotton to the supply chain of silk (including pre-Industrial Revolution factories, early payment and incentive alignment, "maestre" and notions of expertise); knowledge, from the storage and transmission of it to sharing tacit and explicit code (including manuals, notation, measures); and math as the science of patterns, origins of mathematics (including early education and getting paid for it). The touch on the NASA space program, knitting and AI, and the environmental impact of dyes. Throughout, they discuss the what and the why -- the warp and weft of this episode! -- of HOW innovation happens, from incremental improvements to sudden leaps, also taking a closer look at the demographics and images involved. And finally, they cover the evolution and meaning of kente cloth (as well as other patterns) in Ghana and beyond... Because the story of textiles -- and of technology -- is not just a story of one culture or time or place: it is a universally _human_ story, woven from countless threads and wires.links & other articles mentioned in this episode: * YouTube & Instagram from the author, featuring cited images among others * The Computer for the 21st Century, Mark Weiser, Scientific American, 1991 * Every topological surface can be knit: a proof, Sarah-Marie Belcastro, Journal of Mathematics and the Arts, 2009 * How an AI took over the an adult knitting community, Alexis Madrigal, The Atlantic, 2018 * Portrait of a Man, Portrait of a Woman, Maarten van Heemskerck, Rijks Museum, 1529 * In Ghana, pandemic inspires new fabrics, Kent Mensah, Christian Science Monitor 2020 * Welcome to the new world civilization, Virginia Postrel, Reason, 2020 _images: composite of knitting by __© sarah-marie belcastro__ (courtesy Virginia Postrel) + magnetic core memory wires & beads, magnified 60x (photo from Virginia Postrel) -- combined by Sonal Chokshi for the a16z Podcast_
1 hr 11 min
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