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After the S&L crisis, the FBI had had 1,000 agents and analysts working on twenty-seven strike forces to target criminal activity. At the time of this hearing, Pistole said, the FBI had only 240 agents targeting financial fraud. And the
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“I think there are probably too many smart people pursuing Internet stuff, finance, and law,” Musk said on the way. “That is part of the reason why we haven’t seen as much innovation.”
― Elon Musk: Inventing the Future
― Elon Musk: Inventing the Future
“In the years that followed, the goal went from taking huge risks to create new industries and grand new ideas, to chasing easier money by entertaining consumers and pumping out simple apps and advertisements. “The best minds of my generation are thinking about how to make people click ads,” Jeff Hammerbacher, an early Facebook engineer, told me. “That sucks.” Silicon Valley began to look an awful lot like Hollywood.”
― Elon Musk: Inventing the Future
― Elon Musk: Inventing the Future
“Back in 1921 Veblen had predicted that engineers would one day rule the U.S. economy. He argued that since the economy was premised on technology and the engineers were the only ones who actually understood how the technology worked, they would inevitably use their superior knowledge to seize power from the financiers and captains of industry who wound up on top at the end of the first round of the Industrial Revolution.”
― The New New Thing: A Silicon Valley Story
― The New New Thing: A Silicon Valley Story
“Back in another untroubled summer, that of 1870, the British foreign secretary Lord Granville, gazing up from Whitehall, could detect “not a cloud in the sky.” Yet a month later, Europe would be torn asunder by the Franco-Prussian War, marking the end of a century of Pax Britannica and all its optimistic assumptions.”
― Hubris: The Tragedy of War in the Twentieth Century
― Hubris: The Tragedy of War in the Twentieth Century
“In Sallust’s view, the moral fibre of Roman culture had been destroyed by the city’s success and by the wealth, greed and lust for power that had followed its conquest of the Mediterranean and the crushing of all its serious rivals. The crucial moment came eighty-three years before the war against Catiline, when in 146 BCE Roman armies finally destroyed Carthage, Hannibal’s home base on the north coast of Africa.”
― SPQR: A History of Ancient Rome
― SPQR: A History of Ancient Rome
Daniel’s 2025 Year in Books
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