Perthblog

This is the official Perth blog site for posts, comments, and other contributions about leadership, behavioral finance and economics, and about management generally, as well as other related topics that take our fancy.

WHY HASN’T AI DISPLACED WARREN BUFFETT YET?


There’s a global industry out there devoted to predicting stock prices; the evidence shows that human traders rarely beat index funds or the S&P. Is AI going to finally figure out how to do that? Don’t bet on it, but we have a way. Is AI Expert? Whither AI? The pundits all see it taking over the world. I’m not so sure. The oldies reading this m...

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Two Birds with One Stone? Are We About to Defeat Alzheimer’s and Parkinson’s?


Both diseases lead to dire human suffering and dispiriting global social and economic impacts. Did we just find the secret to curing them? A Little Bit of Knowledge is a Dangerous Thing OK just for the record, I have no medical qualifications whatsoever. Just an average but curious citizen wanting to do my little bit if I can find something I might...

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How About Immunity for…Musk?


We need to make a clear distinction between the types of immunities. Boring Immunities We’ve heard a lot, actually too much, about immunity lately. Seems like if it were granted to any politician who became a President, that’s the end of the American dream, freedom if you remember. We’ve also heard a lot about another disrupter extraordinaire excep...

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Is Lying Innate - Including AIs?


AIs can lie and will get much better at it. Get used to it. Liar, Liar, House on Fire So now we’re all repeating to each other how ChatGPT made up fake legal cases for Mike Cohen (Trump’s ex-personal lawyer) not to mention many others. Obviously, this AI stuff is not as good as the gurus make out. After all humans lie all the time and we have perfe...

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Obesity Drugs Crush Fitness, Expand Screen Time?


What if, in defeating obesity, we get worse bodies and new and serious medical conditions? Everyone’s a Weight Winner These obesity drugs are changing everything. If you are badly overweight, they are transformational. Since there are so many people in this category globally, we can expect huge numbers of people to take them eventually. In the deve...

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Did Napoleon Invent OpenAI’s Secret Q*-


The killer app for AI is being able to win wars over unprecedentedly multiple fronts, irrespective of an initiators’ level of resources. Check out the recent Napoleon movie to see how it’s done. AI Spy (With My Little Eye) There’s been much chatter as to why Sam Altman was fired and then, (pro tem?) rehired. The scuttlebutt is that OpenAI had secre...

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IS AI THE REAL PROBLEM IN CONTEMPORARY LEADERSHIP?


It looks like AI is not only not improving business and political leadership; it’s actually making it worse. Man of the Year: Person to Fear? I’m sure you took notice of Sam Altman. the CEO of OpenAI, who has just been fired. As it turns out, he was one of  Time Magazine’s Persons of the Year for 2023 that called him “perhaps the most powerful pers...

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Does Social Media Lead in a Direct Line to Autocracy?


Democracy is rapidly a disappearing form of government. We will be lucky if we can just sustain soft autocracies. X Marks the Spot… Until recently social media was nothing. Now it’s the thing. So much so that the Supreme Court is getting on the act by accepting a case (would you believe), namely when can when public officials block people on their ...

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Sam-I-Am – How About Using SBF to Transform Global Welfare?


  We should harness SBF to catalyze global finance for the purposes of social good, instead of merely putting him in jail. Green Eggs and Ham I guess numerous assorted lawyers, traders and financial guys are watching the trial of Sam Bankman-Fried (SBF). You know the wunderkind multibillionaire who minted it all on his ownsome and is now on trial f...

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How About We Figure Out How to Have the Worst Possible Nuclear War?


We need to imagine the very worst that could happen as a result of the Ukraine war if are to have ever have the remotest chance of preventing it. A Nice Little War The opinion of those who follow these things is that at this particular time in history, this is the nearest we have come to nuclear war since the Cuban missile crisis. Here’s a stupid q...

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Can AI’s Rule?


We clearly can’t trust humans to run the world. Now we’ve gotta try the AIs. Nothing Beats Free! Did you catch up with the troubling book “How Democracies Die” by Harvard professors Steven Levitsky and Daniel Ziblatt? Hmm the august provenance is already going to be a turnoff for the people who need it most. Anyway, you get the idea. Clearly a key ...

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Does Gravity Cause Transgender Transitions?


Gravity is not a constant. What icon falls next? Weighty Matters Whadya know? New cutting-edge research seems to show conclusively that gravity doesn’t work like it’s supposed to. To wit, it is stronger at lower-than-average accelerations. Wow! That changes everything! For the skinny see this account. I can’t imagine a deeper revolution in physics,...

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Barbie: A Space Odyssey


Barbie’s is the ultimate search to avoid shallowness and meaninglessness. She fails. Miserably. Superficiality is It “Barbie” the movie is turning out to be a big hit. How could that be for something that is all about superficiality and modern gender consumerism? I actually watched it twice so I could figure out what I am missing. And what’s with t...

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Will Obesity Drugs Make Us Even Less Healthy?


The deluge of new anti-obesity drugs will massively reduce obesity. Will that mean those who take the drugs will be able to eat what they like? How will that affect public health? More is Merrier Yep, so obesity drugs are now the in thing. And its great news it seems. They work very quickly and in the vast majority of cases don’t have bad side effe...

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Will There be a Singularity for Animals Too?


If there’s going to be a Singularity for us humans, won’t there be many for all the animals on this planet? Whales Gonna Have Fun There’s always signals out there that are telling us things we hadn’t thought about. One such is the sudden spate of articles about orcas (you know, killer whales) which are ramming boats off the coast of Spain and Portu...

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Is AI Actually Getting Dumber?


The received wisdom is that we are headed for the Singularity – where the intelligence of machines exceeds that of humans. But the betting is that we are headed for the Modularity – we will know and understand a lot more about many more things but understand even less about how to control our overall environment. Nothing Like a Good Old-Fashioned C...

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AI Leads Inexorably to Stratospheric Levels of Global “Safe” Debt


AI will cause the world to overload on debt purportedly designed to be “safe” by our AI masters.In the process it will reinvent economics and finance from the ground up at least partly based on the new kids on the block of behavioral economics and finance.These will provide new and disturbing ways to manipulate the unsafe borrowing behaviors of con...

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How About We Give Greater – Not Just Equal – Rights to Women?!


Post Summary: Men holding the power is the fundamental structural impediment to ending global war and poverty and extending good health to all. The Second(ary) Sex Which astronauts will be the first to go to Mars, men or women? Seems like women win this race.(“Study finds female astronauts more efficient, suggesting future space missions with all-f...

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The James Webb Telescope – The Bland Leading the Blind?


The JWT, no matter how technologically sophisticated and amazing it is, is showing only a tiny fraction of what it could. Shouldn’t it show us GPS-like maps and graphic pictures of travel directions? Here is my vision of the new super-duper images from, the (AI?) enhanced super-telescope. Dazzle Without the Frazzle! The JWT (James Webb Telescope) i...

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AI IQs About to Follow Moore’s Law?


Is the Singularity about to hit humanity, unexpectedly? The AI Virus? I don’t have to tell you that le nouveau AI is all over the place. All the big techs are now in it or rapidly getting in but that isn’t the half of the story. The big news is that thousands of companies and organizations are now getting in. They come from all over including our g...

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