“Spending money to show people how much money you have is the fastest way to have less money.”
― The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness
― The Psychology of Money: Timeless Lessons on Wealth, Greed, and Happiness
“In a fast and innovative company, ownership of critical, big-ticket decisions should be dispersed across the workforce at all different levels, not allocated according to hierarchical status.”
― No Rules Rules: Netflix and the Culture of Reinvention
― No Rules Rules: Netflix and the Culture of Reinvention
“We all know that if you swing for the fences, you’re going to strike out a lot, but you’re also going to hit some home runs. The difference between baseball and business, however, is that baseball has a truncated outcome distribution. When you swing, no matter how well you connect with the ball, the most runs you can get is four. In business, every once in a while, when you step up to the plate, you can score 1,000 runs. This long-tailed distribution of returns is why it’s important to be bold.”
― Amazon Unbound: Jeff Bezos and the Invention of a Global Empire
― Amazon Unbound: Jeff Bezos and the Invention of a Global Empire
“Knives and bombs do not themselves decide whom to kill. They are dumb tools, lacking the intelligence necessary to process information and make independent decisions. In contrast, AI can process information by itself, and thereby replace humans in decision making. AI isn’t a tool—it’s an agent.”
― Nexus: A Brief History of Information Networks from the Stone Age to AI
― Nexus: A Brief History of Information Networks from the Stone Age to AI
“Populists have sought to extricate themselves from this conundrum in two different ways. Some populist movements claim adherence to the ideals of modern science and to the traditions of skeptical empiricism. They tell people that indeed you should never trust any institutions or figures of authority—including self-proclaimed populist parties and politicians. Instead, you should “do your own research” and trust only what you can directly observe by yourself. This radical empiricist position implies that while large-scale institutions like political parties, courts, newspapers, and universities can never be trusted, individuals who make the effort can still find the truth by themselves.
This approach may sound scientific and may appeal to free-spirited individuals, but it leaves open the question of how human communities can cooperate to build health-care systems or pass environmental regulations, which demand large-scale institutional organization. Is a single individual capable of doing all the necessary research to decide whether the earth’s climate is heating up and what should be done about it? How would a single person go about collecting climate data from throughout the world, not to mention obtaining reliable records from past centuries? Trusting only “my own research” may sound scientific, but in practice it amounts to believing that there is no objective truth. As we shall see in chapter 4, science is a collaborative institutional effort rather than a personal quest.”
― Nexus: A Brief History of Information Networks from the Stone Age to AI
This approach may sound scientific and may appeal to free-spirited individuals, but it leaves open the question of how human communities can cooperate to build health-care systems or pass environmental regulations, which demand large-scale institutional organization. Is a single individual capable of doing all the necessary research to decide whether the earth’s climate is heating up and what should be done about it? How would a single person go about collecting climate data from throughout the world, not to mention obtaining reliable records from past centuries? Trusting only “my own research” may sound scientific, but in practice it amounts to believing that there is no objective truth. As we shall see in chapter 4, science is a collaborative institutional effort rather than a personal quest.”
― Nexus: A Brief History of Information Networks from the Stone Age to AI
Rens’s 2025 Year in Books
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