Evidence receipt / belief
Published · transcript-backedSpeaker unverified: belief
3 Nov 2021 Acquired Complexity Investing & Semiconductors (with NZS Capital)
“Of course, we kept reading, we kept writing. This is probably 2011–2012, and in 2013 we published this long paper that you reference, which is super geeky, but it's got a lot of pictures because that's the way we think.”
— Speaker unverified
Source trail
Everything needed to verify it.
- Speaker
- Speaker unverified
- Attribution
- Not verified from this transcript
- Claim type
- belief
- Recorded
- 3 Nov 2021
- Publisher
- Acquired
Transcript context
…Am I right that you all actually went to Santa Fe Institute and took courses there? How deep did you go? We did. A lot of rabbit holes we go down very deep. We quickly became members of the Santa Fe Institute (they call it the) Action Group. It's this group of non-scientists that are allowed to sit in on a lot of the science. Then we took this complexity course over a weekend—Brad and I did—at Stanford and that was a ton of fun actually. Jon and Joe, the two other investors on our teams, took a longer course. They actually had to do real work. Brad and I didn't have to do homework. We just learned so much. I remember sitting outside of this cafe in Palo Alto with Brad and we have just sort of been at this course with Deborah Gordon, this lady that teaches at Stanford, here to study ants. I thought, man, this concept of resilience is really fascinating. It's really more about resilience than it is about predicting the future and it's about adaptability. Biology doesn't really care that much about the future. They care about adapting to this wide range of futures. Bees don't really care if it's going to snow tomorrow, they can adapt to snow. They've learned how to do that over millions of years. What if we looked at companies like that? Of course, we kept reading, we kept writing. This is probably 2011–2012, and in 2013 we published this long paper that you reference, which is super geeky, but it's got a lot of pictures because that's the way we think. You've got the Back to the Future DeLorean in there.…
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