If machines do everything well, including allocating capital and resources efficiently, can that be deflationary, can that eliminate poverty? I don't know. It's hard to be very optimistic if you look at how humans have behaved historically.
Soros is the best loss taker I've ever seen. He doesn't care whether he wins or loses on a trade. If a trade doesn't work, he's confident enough about his ability to win on other trades that he can easily walk away from the position.
I have given myself a Tesla for my 60th birthday.
In my experience, the more successful an idea is, the easier it is to fund it. In philanthropy, it's almost harder.
I've always loved to play games, and face it: investing is one big game. You need to be decisive, open-minded, flexible and competitive.
The few times that Soros has ever criticized me was when I was really right on a market and didn't maximize the opportunity.
