Intelsense Capital Blog: Weekend Reading

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Reading Time: 3 minutes


Reading
across disciplines is one of the best ways to improve our investment acumen.
Here is a summary of some of the best articles I read this week.

I especially try to not post Corona related articles as that is all
one gets to read in all traditional media.

 

If you like the collection this consider forwarding it to someone
who you think will appreciate.

The incredible allure of
TikTok

It turns out that in
some categories, a machine learning algorithm significantly responsive and
accurate can pierce the veil of cultural ignorance. Today, sometimes culture
can be abstracted.

Prior to TikTok, I
would’ve said YouTube had the strongest exploit algorithm in video, but in
comparison to TikTok, YouTube’s algorithm feels primitive. The top creators on
YouTube have long ago figured out how to game YouTube’s algorithm’s heavy
dependence on click-through rates and watch time, one reason so many YouTube
videos are lengthening over time. It’s rumored that Bytedance examines more
features of videos than other companies. If you like a video featuring video
game captures, that is noted. If you like videos featuring puppies, that is
noted.

Merely by watching
some videos, and without having to follow or friend anyone, you can quickly
train TikTok on what you like. In the two sided entertainment network that is
TikTok, the algorithm acts as a rapid, efficient market maker, connecting
videos with the audiences they’re destined to delight. The algorithm allows
this to happen without an explicit follower graph.

Also Read on FinMedium:  Are Debt funds, stimulant for next crises in India?

https://www.eugenewei.com/blog/2020/8/3/tiktok-and-the-sorting-hat

 

A look at how New York Times
is approaching news business

New York Times has
six million subscribers, almost $700 million in cash in the bank, and a
singular insight that underpins the Times’ path forward: the average number of
news subscriptions a news subscriber will have is one.

Local publishers may
not believe that they are competing with the Times, but the Times believes it
is competing with them. Its rich-get-richer dynamic increasingly provides all
the news that’s fit to subscribe to, while publishers both national and local
fall further behind.

https://www.cjr.org/analysis/nytimes-subscriptions-local-publishers-compete.php

 

Success is a catalyst for
failure

Why don’t successful
people and organizations automatically become very successful? One important
explanation is due to what I call “the clarity paradox,” which can be summed up
in four predictable phases:

Phase 1: When we
really have clarity of purpose, it leads to success.

Phase 2: When we
have success, it leads to more options and opportunities.

Phase 3: When we
have increased options and opportunities, it leads to diffused efforts.

Phase 4: Diffused
efforts undermine the very clarity that led to our success in the first place.

Also Read on FinMedium:  The Investments Themes - India

https://hbr.org/2012/08/the-disciplined-pursuit-of-less

 

The tech-terrorist

Technology is, in
other words, enabling criminals to target anyone anywhere and, due to
democratization, increasingly at scale. Emerging bio-, nano-, and
cyber-technologies are becoming more and more accessible. The terrorist or
psychopath of the future, however, will have not just the Internet or
drones—called “slaughterbots” by the Future of Life Institute—but also
synthetic biology, nanotechnology, and advanced AI systems at their disposal.

http://nautil.us/blog/omniviolence-is-coming-and-the-world-isnt-ready

 

Ever wondered the difference
between dumplings, dimsum, momo and wontons?

Dumplings are just
wheat-based snacks with some fillings, or at times there is no filling at all!
So, even an Italian Gnocchi or Ravioli, or even our very own Indian Samosa will
qualify as a dumpling!

The term “Dimsum”
originates from Chinese lexicon and can also be made with any kind of flour- be
it rice, or wheat, or even potato starch. A dimsum’s outer coverings are semi,
or at times, even fully transparent and the fillings are finely diced and chopped.

Momos are Tibetan or
Nepalese counterparts of the Dimsum. They are traditionally supposed to be only
steamed, made with wheat flour, and usually always stuffed with some filling.
Moreover, momos, unlike dimsum, are mostly eaten alone without any kind of beverage
accompanying it.

Also Read on FinMedium:  Bharti Airtel v/s Reliance Jio – Investometry

Wontons are a kind
of dumpling that are traditionally found in the Northern regions of China.
Unlike their brothers, the dimsum, and the momo- wontons are more square-ish in
shape and slightly more fine in their texture and are also fried to
golden-brown perfection. The fillings inside are also flavoured intensely with
garlic and ginger- thereby giving the humble Wonton a unique place in the
dumpling hall of fame!

The gyoza is a much
more recent addition to the dumpling family, and it comes all the way from
Japan! The gyoza has a much thinner outer layer, and the fillings are also more
finely chopped. The Japanese gyoza is a close cousin of the Chinese dimsum- but
there are subtle differences in the flavor, texture, and cooking techniques of
both.

https://www.mygoodtimes.in/food/bucket-list-khana/dumplings-momos-dimsum-whats-the-difference/

Disclaimer: Abhishek
Basumallick is the Head of the equity advisory
 www.intelsense.in for long term wealth
creation and a pure quant focused newsletter at 
www.quantamental.in. The blog posts should not be
construed as investment advice. Please do your own due diligence before
investing.



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Abhishek Basumallick
Abhishek Basumallick is the Head of the equity advisory www.intelsense.in for long term wealth creation.
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