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SPAC IPO
A shell holding company goes public with the intention of raising money to merge with a private company—effectively making the private company public without having to go through the listing process.
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Plutonomy
In finance, the plutonomy is the small group of people that control most of the wealth.
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Lean Startup
A framework for starting companies that focuses on better understanding of customers and markets by building minimum viable products to validate assumptions.
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Tacit Knowledge
Knowledge that can not be transferred through words alone. For example, it won’t help someone learning to ride a bike to make them read an instruction manual and expect they can flawlessly ride a bike afterward.
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Sigmoid Function
A mathematical function that produces an ‘S’ shaped curve when plotted and is used to transform a number into a value between 0 and 1 (also -1 and 1).
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Planck's Principle
Scientific change doesn’t happen because because people change their mind, but because the next generation of scientists have different views.
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Substituted Economics for Racism
Thurgood Marshall made the comment that we have “substituted economics for race” in his dissent to the San Antonio Independent School District v.
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Collateralized Loan Obligations
A financial instrument that spreads the risk of corporate loans across many investors.
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Tyler Cowen
Thoughtful economist from George Mason University, author, blogger, and podcast host.
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Toska
A russian word with many facets to it’s meaning that roughly translates to depression and longing, love-sickness, and unbearable feelings.
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Structural Racism
Racism that has been deliberately built into systems that govern and organize our lives including education, courts, laws, constitution, law enforcement, etc.
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Pyrrhic Victory
A victory that results in self-inflicted devastation equivalent to defeat.
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Lindy Effect
A theory that states, the future of an idea or technology is proportional to how old it currently is so that every additional period results in longer life expectency.
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Hobson’s Choice
An illusion of a choice between two inequivalent options. Hobson ran stable filled with many horses.
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Janus-Faced
A duality, having two different and opposing faces. Comes from the Roman god of beginnings.
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White Rage
A non-fiction book by Carol Anderson that describes the structural racism of the United States.
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Möbius Strip
A loop with a twist in it that is non-orientable. If you were to travel from a starting point on the strip and moved the full length of the strip you would end up moving along both sides without crossing an edge.
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Juneteenth
The day that marks proclaiming that slaves in Texas are free, two and a half years afterthe Emancipation Proclamation.
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Puppy Mind
When your mind keeps wandering out of control and fixating on things is like a puppy trying to walk on leash for the first time.
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Personal CRM
It’s difficult to remember every detail about people you know and who you want to build a relationships with.
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Management Graph
Sometimes it’s useful to work through a management challenge by drawing a graph of actions based on a particular event.
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Slavoj Žižek
Contemporary philosopher and leftist. See also: Masterclass: Transcendental Subjectivity, Sexual Difference, Brain Sciences (part 1, part 2) Links to this note A Pervert’s Guide to Ideology
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Klein Bottle
A non-orientable surface, a theoretical shape that doesn’t actually exist in 3D space.
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Hilbert's Problems
A German mathematician David Hilbert published 23 unsolved problems in the field of mathematics.