Human versus machine: who will win in the investment arena? Well, researchers found that a machine-learning algorithm is more likely to come out on top when pitted against a neophyte investor. On average, an angel investor—an independent investor investing in multiple start-ups—has an internal rate of return (IRR) of 2.56%. The machine-learning algorithm scored an average IRR of 7.26%! But with experience, these “angels” are more likely to beat an algorithm; experienced investors with a healthy balance of risk and caution significantly outperform the algorithm. Read full article here
Culture
The Priest in the Arena
The phrase “man in the arena” has been popularized in recent years, but a lesser known, more dangerous archetype is the “priest in the arena”. This figure is responsible for a process called theocratic capture, where an institution surrenders to a cult demanding unaccountable authority, fueled by claims to privileged knowledge. These cults often target powerful institutions and attempt to monopolize conversations with scaremongering tactics and hostile treatment of allies. It is important to identify and stop theocratic capture before it can gain control. Read full article here
Merv
May 29, 2023
