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Two Quants and a Financial Planner | Bridging the Worlds of Investing and Financial Planning
In this episode, we dive into the most controversial takesfrom our podcast guests. Inspired by a brilliant question from Meb Faber(thanks, Meb!), we've compiled insights from top financial minds to explorebeliefs that challenge conventional wisdom. From debunking dividend hype toreimagining the role of options and AI in investing, this episode is packedwith thought-provoking perspectives. Main Topics Covered: - Meb Faber challenges the obsession with dividends - Mike Green introduces Goodhart's Law to investing,suggesting that once a metric is tracked, its effectiveness diminishes. - Jim Paulsen downplays the importance of monetary policyand valuation, emphasizing Main Street sentiment over Wall Street metrics. - Ben Carlson defends retail investors, claiming they'rebetter behaved than ever thanks to modern tools and advice. - Dan Rasmussen disputes the predictability of growth,asserting past financials reveal little about a company's future. - Lindsay Bell and Shannon Saccocia advocate for learningthrough failure and a forward-looking, futurist mindset in investing. - Cem Karsan flips the script, arguing options are the trueunderlying asset, not derivatives. - Andrew Beer champions simplicity over complexity, citingthe success of straightforward hedge fund bets. - Jason Buck questions the existence of long-term alpha,favoring a diversified, rebalanced approach. - Ian Cassel challenges the low-turnover mantra, suggestinghigh turnover can work. - Scott McBride dismisses the need for catalysts in valueinvesting, focusing on valuation and governance. - Larry Swedroe critiques low-volatility strategies, arguingthey only shine when paired with value. - Kris Sidial highlights the importance of trading psyche, aview often dismissed by quant-driven peers. - Kai Wu predicts AI will enhance, not replace, financialjobs by handling rote tasks and freeing humans for creativity. - Doug Clinton forecasts a multi-trillion-dollar AI-poweredasset management industry within a decade. - Meb Faber (again!) flips the narrative on internationalinvesting, showing it's a winner for 49 out of 50 countries.
Prof. Jakob Foerster, a leading AI researcher at Oxford University and Meta, and Chris Lu, a researcher at OpenAI -- they explain how AI is moving beyond just mimicking human behaviour to creating truly intelligent agents that can learn and solve problems on their own. Foerster champions open-source AI for responsible, decentralised development. He addresses AI scaling, goal misalignment (Goodhart's Law), and the need for holistic alignment, offering a quick look at the future of AI and how to guide it.SPONSOR MESSAGES:***CentML offers competitive pricing for GenAI model deployment, with flexible options to suit a wide range of models, from small to large-scale deployments. Check out their super fast DeepSeek R1 hosting!https://centml.ai/pricing/Tufa AI Labs is a brand new research lab in Zurich started by Benjamin Crouzier focussed on o-series style reasoning and AGI. They are hiring a Chief Engineer and ML engineers. Events in Zurich. Goto https://tufalabs.ai/***TRANSCRIPT/REFS:https://www.dropbox.com/scl/fi/yqjszhntfr00bhjh6t565/JAKOB.pdf?rlkey=scvny4bnwj8th42fjv8zsfu2y&dl=0 Prof. Jakob Foersterhttps://x.com/j_foersthttps://www.jakobfoerster.com/University of Oxford Profile: https://eng.ox.ac.uk/people/jakob-foerster/Chris Lu:https://chrislu.page/TOC1. GPU Acceleration and Training Infrastructure [00:00:00] 1.1 ARC Challenge Criticism and FLAIR Lab Overview [00:01:25] 1.2 GPU Acceleration and Hardware Lottery in RL [00:05:50] 1.3 Data Wall Challenges and Simulation-Based Solutions [00:08:40] 1.4 JAX Implementation and Technical Acceleration2. Learning Frameworks and Policy Optimization [00:14:18] 2.1 Evolution of RL Algorithms and Mirror Learning Framework [00:15:25] 2.2 Meta-Learning and Policy Optimization Algorithms [00:21:47] 2.3 Language Models and Benchmark Challenges [00:28:15] 2.4 Creativity and Meta-Learning in AI Systems3. Multi-Agent Systems and Decentralization [00:31:24] 3.1 Multi-Agent Systems and Emergent Intelligence [00:38:35] 3.2 Swarm Intelligence vs Monolithic AGI Systems [00:42:44] 3.3 Democratic Control and Decentralization of AI Development [00:46:14] 3.4 Open Source AI and Alignment Challenges [00:49:31] 3.5 Collaborative Models for AI DevelopmentREFS[[00:00:05] ARC Benchmark, Chollethttps://github.com/fchollet/ARC-AGI[00:03:05] DRL Doesn't Work, Irpanhttps://www.alexirpan.com/2018/02/14/rl-hard.html[00:05:55] AI Training Data, Data Provenance Initiativehttps://www.nytimes.com/2024/07/19/technology/ai-data-restrictions.html[00:06:10] JaxMARL, Foerster et al.https://arxiv.org/html/2311.10090v5[00:08:50] M-FOS, Lu et al.https://arxiv.org/abs/2205.01447[00:09:45] JAX Library, Google Researchhttps://github.com/jax-ml/jax[00:12:10] Kinetix, Mike and Michaelhttps://arxiv.org/abs/2410.23208[00:12:45] Genie 2, DeepMindhttps://deepmind.google/discover/blog/genie-2-a-large-scale-foundation-world-model/[00:14:42] Mirror Learning, Grudzien, Kuba et al.https://arxiv.org/abs/2208.01682[00:16:30] Discovered Policy Optimisation, Lu et al.https://arxiv.org/abs/2210.05639[00:24:10] Goodhart's Law, Goodharthttps://en.wikipedia.org/wiki/Goodhart%27s_law[00:25:15] LLM ARChitect, Franzen et al.https://github.com/da-fr/arc-prize-2024/blob/main/the_architects.pdf[00:28:55] AlphaGo, Silver et al.https://arxiv.org/pdf/1712.01815.pdf[00:30:10] Meta-learning, Lu, Towers, Foersterhttps://direct.mit.edu/isal/proceedings-pdf/isal2023/35/67/2354943/isal_a_00674.pdf[00:31:30] Emergence of Pragmatics, Yuan et al.https://arxiv.org/abs/2001.07752[00:34:30] AI Safety, Amodei et al.https://arxiv.org/abs/1606.06565[00:35:45] Intentional Stance, Dennetthttps://plato.stanford.edu/entries/ethics-ai/[00:39:25] Multi-Agent RL, Zhou et al.https://arxiv.org/pdf/2305.10091[00:41:00] Open Source Generative AI, Foerster et al.https://arxiv.org/abs/2405.08597
Tobi Lütke is the founder and CEO of Shopify, a $130 billion business that powers over 10% of all U.S. e-commerce. Starting as a snowboard shop in 2004, Shopify has become the leading commerce platform by consistently approaching problems differently. Tobi remains deeply technical, frequently coding alongside his team, and is known for his unique approach to leadership, product development, and company building. In our conversation, we discuss:• Why complexity kills entrepreneurship• How to develop and leverage your unique talent stack• How specifically Tobi approaches thinking from first principles• The importance of focusing on unquantifiable qualities like joy and delight• Why Tobi works backward from a 100-year vision• Why metrics should support decisions, not make them• The power of following your curiosity• What Tobi believes it takes to be a great product leader• Much more—Brought to you by:• Sinch—Build messaging, email, and calling into your product• Liveblocks—Ready-made collaborative features to drop into your product• Loom—The easiest screen recorder you'll ever use—Find the transcript at: https://www.lennysnewsletter.com/p/tobi-lutkes-leadership-playbook—Where to find Tobi Lütke:• X: https://x.com/tobi• LinkedIn: https://www.linkedin.com/in/tobiaslutke/• Website: https://tobi.lutke.com/—Where to find Lenny:• Newsletter: https://www.lennysnewsletter.com• X: https://twitter.com/lennysan• LinkedIn: https://www.linkedin.com/in/lennyrachitsky/—In this episode, we cover:(00:00) Welcome and introduction(04:17) The Tobi tornado(07:10) Maximizing human potential(11:05) Education and personal growth(16:47) Operating without KPIs(25:00) First-principles thinking(40:04) Remote work(45:59) Why Tobi never stopped coding(54:46) Embracing disagreement(01:01:27) The 100-year vision(01:09:29) Balancing tactics and positioning(01:17:15) Encouraging entrepreneurship(01:19:34) The power of good UX(01:28:42) The talent stack and unique opportunities(01:34:30) The role of passion in product development(01:36:39) Final thoughts and farewell—Referenced:• How Shopify builds a high-intensity culture | Farhan Thawar (VP and Head of Eng): https://www.lennysnewsletter.com/p/how-shopify-builds-a-high-intensity-culture-farhan-thawar• Breaking the rules of growth: Why Shopify bans KPIs, optimizes for churn, prioritizes intuition, and builds toward a 100-year vision | Archie Abrams (VP Product, Head of Growth at Shopify): https://www.lennysnewsletter.com/p/shopifys-growth-archie-abrams• The ultimate guide to performance marketing | Timothy Davis (Shopify): https://www.lennysnewsletter.com/p/performance-marketing-timothy-davis• Brandon Chu on building product at Shopify, how writing changed the trajectory of his career, the habits that make you a great PM, pros and cons of being a platform PM, how Shopify got through Covid: https://www.lennysnewsletter.com/p/brandon-chu-on-what-its-like-to-build• IRC: https://en.wikipedia.org/wiki/IRC• Goodhart's law: https://en.wikipedia.org/wiki/Goodhart%27s_law• Glen Coates on LinkedIn: https://www.linkedin.com/in/glcoates/• How Shopify builds product: https://www.lennysnewsletter.com/p/how-shopify-builds-product• The Last Dance on Netflix: https://www.netflix.com/title/80203144• Autoregressive Models for Natural Language Processing: https://medium.com/@zaiinn440/autoregressive-models-for-natural-language-processing-b95e5f933e1f• Archimedean property: https://en.wikipedia.org/wiki/Archimedean_property• Tabula rasa: https://en.wikipedia.org/wiki/Tabula_rasa• Daniel Weinand on LinkedIn: https://www.linkedin.com/in/danielweinand/• World of Warcraft: https://worldofwarcraft.blizzard.com• Harley Finkelstein on LinkedIn: https://www.linkedin.com/in/harleyf/• Monorepo: https://en.wikipedia.org/wiki/Monorepo• The Sarbanes Oxley Act: https://sarbanes-oxley-act.com/• Shopify builds Shopify Balance with Stripe to give small businesses an easier way to manage money: https://stripe.com/customers/shopify• Stanford marshmallow experiment: https://en.wikipedia.org/wiki/Stanford_marshmallow_experiment• Brian Armstrong on LinkedIn: https://www.linkedin.com/in/barmstrong/• We are the Web: https://link.wired.com/public/32945405—Recommended books:• Finite and Infinite Games: https://www.amazon.com/Finite-Infinite-Games-James-Carse/dp/1476731713• The Infinite Game: https://www.amazon.com/Infinite-Game-Simon-Sinek/dp/073521350X/—Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com.—Lenny may be an investor in the companies discussed. Get full access to Lenny's Newsletter at www.lennysnewsletter.com/subscribe
Join Monte & The Pharaoh as they sit down with the fascinating Joel Goodhart in this exclusive interview. Discover the stories, insights, and behind-the-scenes moments that have shaped Joel incredible journey. From career highlights to personal reflections, this conversation is one you won't want to miss! #MonteAndThePharaoh #JPelGoodhart #ExclusiveInterview #ProWrestling #WrestlingLegends #BehindTheScenes #WrestlingPodcast
Service Management Leadership Podcast with Jeffrey Tefertiller
In this episode, Jeffrey discusses Goodhart's Law Each week, Jeffrey will be sharing his knowledge on Service Delivery (Mondays) and Service Management (Thursdays). Jeffrey is the founder of Service Management Leadership, an IT consulting firm specializing in Service Management, Asset Management, CIO Advisory, and Business Continuity services. The firm's website is www.servicemanagement.us. Jeffrey has been in the industry for 30 years and brings a practical perspective to the discussions. He is an accomplished author with seven acclaimed books in the subject area and a popular YouTube channel with approximately 1,500 videos on various topics. Also, please follow the Service Management Leadership LinkedIn page.
Send us a textKicking Off 2025: Growth Strategies & Innovations in Mobile Coffee Catering with Justin GoodhartIn this first episode of 2025, we welcome Justin Goodhart, founder of Goodhart Coffee and co-founder of Flash Quotes, to the podcast. Justin, a multi-seven-figure coffee revolutionary, shares his inspiring journey from launching his mobile coffee catering startup in 2017 to managing 44 coffee carts and serving over 3000 events by 2024. We discuss key growth strategies, the importance of mindset in entrepreneurship, and the critical role of mentorship. Justin also dives deep into the operational efficiencies brought by his innovative software, Flashquotes, and gives actionable advice on optimizing lead capture, client communication, and automation to scale a mobile beverage business. This episode is packed with valuable insights for both new and seasoned mobile beverage entrepreneurs.CHECK OUT FLASHQUOTEShttps://flashquotes.com/mbpCHECK OUT GOODHART COFFEEhttps://goodhartcoffeecatering.com/JOIN THE MOBILE BAR ACADEMYhttps://mobilebevpros.com/join-mobile-bar-academy/WORK WITH SARAHhttps://mobilebevpros.com/coaching/JOIN OUR FREE FACEBOOK GROUPhttps://www.facebook.com/groups/mbpgroupCONNECT ON INSTAGRAMhttps://www.instagram.com/mobilebevprosFREE MASTERCLASS FOR MOBILE BARSwww.mobilebevpros.com/masterclass
About the Episode:Jonathan Goodman is the creator of the Personal Trainer Development Center ($35M+ rev) and host of the popular Obvious Choice podcast, a top podcast for coaches, entrepreneurs, and small business owners.Jonathan's been featured in most major business and fitness publications including Men's Health, Forbes, Entrepreneur, Robb Report, Inc., and many more. Over 200,000 coaches and small business owners in more than 120 countries have purchased business development materials from him.In this episode of "Uploading...," Jonathan shares insights from his journey of building a multimillion-dollar fitness business through strategic content creation. He discusses key concepts like understanding audience needs, developing scalable systems, and focusing on meaningful metrics for long-term success.Today, we'll cover:- Jonathan's transformative journey from personal trainer to successful online entrepreneur- The key principles for creating impactful, business-focused content that resonates with your audience- How to develop a range of offerings that serve your audience at different stages of their journey- Adopting a balanced, seasonal approach to work and life for long-term success and fulfillment- Powerful, timeless lessons from Jonathan's new book, The Obvious Choice, on mastering the game of business and lifeWhat You'll Learn1. Content Creation and Business Success2. Understanding Human Behavior vs Chasing Trends3. Goodhart's Law and Social Media Metrics4. Jonathan's Life and Business Philosophy5. Business Structure and Offerings6. Client Management and Online Income Growth7. Viral Content vs Content that ConvertsTimestamps00:00 From working as a personal trainer to a $7M per year business04:20 Jonathan's new book, The Obvious Choice; the parade problem07:01 First steps to start growing an audience online13:34 Personal Trainer Development Center's first online course14:57 How to create a scalable system and avoid the trap of false economies19:57 Thinking of content as a long-term savings account24:11 Goodhart's law: when the metric becomes the goal, it ceases to be a good metric28:00 Building businesses in seasons; balancing personal life and work33:12 The four arms of Jonathan's business36:53 Broader community vs high ticket offers; choosing customers wiselyLikes vs Business Impact: “It's easy to be rich with likes and poor with dollars because what feeds the ego is what's bad for the wallet… I have lots of posts that have 10, 20, 30, 40, 100,000 likes. I also have posts that have less than a thousand likes. And I can tell you that the posts with less than a thousand likes drive more business than the posts with 30 or 40,000. Now, does that mean that neither is valuable? I believe that we need three types of content. I believe that we need viral, value, and depth-based content.” — Jonathan Goodman, 00:25:59 → 00:27:08Content as a Savings Account: “Most of the time, everything that's working for you will be bubbling underneath the surface, invisible to the eye. You don't know when that inflection point is going to hit… You have to think of content as a savings account and you have to think of content as a way to primarily nurture and convert people and leads that are generated elsewhere.” — Jonathan Goodman, 00:21:10 → 00:21:56Show notes powered by Castmagic---Have any questions about the show or topics you'd like us to explore further?Shoot us a DM; we'd love to hear from you.Want the weekly TL;DR of tips delivered to your mailbox?Check out our newsletter here.Follow us for content, clips, giveaways, & updates!Castmagic InstagramCastmagic TwitterCastmagic LinkedIn ---Blaine Bolus - Co-Founder of CastmagicRamon Berrios - Co-Founder of CastmagicJonathan Goodman - Founder of Personal Trainer Development Center
Goodhart's Law says: when a measure becomes a target, it ceases to be a good measure. But if that's true, how should we measure our philosophical progress? In this episode, Michael Tremblay wrestles with this question.***Download the Stoa app (free): https://stoameditation.com/podFor those who find the app valuable but face financial constraints, email us for a free account.Listen to more episodes and learn more here: https://stoameditation.com/blog/stoa-conversations/Thanks to Michael Levy for graciously letting us use his music: https://ancientlyre.com/
So many talk about New Year's resolutions. It would appear that somehow that became the norm. However if you look at the statistics, you would see that New Year's resolutions don't work for most. We think there is a better way. Resolutions are a real pain, but New Year's themes are a real gain. We will talk about more differences between Yearly themes and New Year's resolutions and show you how to get one for yourself. Links:Emma Ward's WHAT'S YOUR WORD OR THEME OF THE YEAR https://www.emma-ward.com/goal-getter/whats-your-word-theme-of-the-year#:~:text=The%20idea%20is%20that%20you,a%20value%20or%20a%20feeling Goodhart photography's HOW TO CHOOSE A WORD OF THE YEAR THAT WORKS https://goodhartphotographyva.com/how-to-choose-a-word-of-the-year/ If you would like help developing or creating your yearly theme email us at podcast@HappyLife.Studio or leave a voicemail on our Yo Stevo hotline (425) 200-HAYS (4297) Contact usLinktree: www.Linktr.ee/HappyLifeStudiosEmail: Podcast@HappyLife.StudioYo Stevo Hotline: (425) 200-HAYS (4297)Webpage: www.HappyLife.lol YouTube: www.YouTube.com/StevoHaysLinkedin: www.linkedin.com/in/steve-hays-b6b1186b/TikTok: www.tiktok.com/@happylifestudiosFacebook: www.Facebook.com/HappyLifeStudios Instagram: www.Instagram.com/HappyLife_Studios Twitter: www.x.com/stevehays If you would like to help us spread the HappyPayPal: www.PayPal.me/StevoHaysCash App: $HappyLifeStudiosZelle: StevoHays@gmail.comVenmo: @StevoHaysBuy Me A Coffee: buymeacoffee.com/HappyLifeStudioCheck: Payable to Hays Ministries or Steve Hays and send to 27240 213th Place S.E. Maple Valley, WA 98038
AI professor Jeff Clune ruminates on open-ended evolutionary algorithms—systems designed to generate novel and interesting outcomes forever. Drawing inspiration from nature's boundless creativity, Clune and his collaborators aim to build “Darwin Complete” search spaces, where any computable environment can be simulated. By harnessing the power of large language models and reinforcement learning, these AI agents continuously develop new skills, explore uncharted domains, and even cooperate with one another in complex tasks. SPONSOR MESSAGES: *** CentML offers competitive pricing for GenAI model deployment, with flexible options to suit a wide range of models, from small to large-scale deployments. https://centml.ai/pricing/ Tufa AI Labs is a brand new research lab in Zurich started by Benjamin Crouzier focussed on reasoning and AGI. Are you interested in working on reasoning, or getting involved in their events? They are hosting an event in Zurich on January 9th with the ARChitects, join if you can. Goto https://tufalabs.ai/ *** A central theme throughout Clune's work is “interestingness”: an elusive quality that nudges AI agents toward genuinely original discoveries. Rather than rely on narrowly defined metrics—which often fail due to Goodhart's Law—Clune employs language models to serve as proxies for human judgment. In doing so, he ensures that “interesting” always reflects authentic novelty, opening the door to unending innovation. Yet with these extraordinary possibilities come equally significant risks. Clune says we need AI safety measures—particularly as the technology matures into powerful, open-ended forms. Potential pitfalls include agents inadvertently causing harm or malicious actors subverting AI's capabilities for destructive ends. To mitigate this, Clune advocates for prudent governance involving democratic coalitions, regulation of cutting-edge models, and global alignment protocols. Jeff Clune: https://x.com/jeffclune http://jeffclune.com/ (Interviewer: Tim Scarfe) TOC: 1. Introduction [00:00:00] 1.1 Overview and Opening Thoughts 2. Sponsorship [00:03:00] 2.1 TufaAI Labs and CentML 3. Evolutionary AI Foundations [00:04:12] 3.1 Open-Ended Algorithm Development and Abstraction Approaches [00:07:56] 3.2 Novel Intelligence Forms and Serendipitous Discovery [00:11:46] 3.3 Frontier Models and the 'Interestingness' Problem [00:30:36] 3.4 Darwin Complete Systems and Evolutionary Search Spaces 4. System Architecture and Learning [00:37:35] 4.1 Code Generation vs Neural Networks Comparison [00:41:04] 4.2 Thought Cloning and Behavioral Learning Systems [00:47:00] 4.3 Language Emergence in AI Systems [00:50:23] 4.4 AI Interpretability and Safety Monitoring Techniques 5. AI Safety and Governance [00:53:56] 5.1 Language Model Consistency and Belief Systems [00:57:00] 5.2 AI Safety Challenges and Alignment Limitations [01:02:07] 5.3 Open Source AI Development and Value Alignment [01:08:19] 5.4 Global AI Governance and Development Control 6. Advanced AI Systems and Evolution [01:16:55] 6.1 Agent Systems and Performance Evaluation [01:22:45] 6.2 Continuous Learning Challenges and In-Context Solutions [01:26:46] 6.3 Evolution Algorithms and Environment Generation [01:35:36] 6.4 Evolutionary Biology Insights and Experiments [01:48:08] 6.5 Personal Journey from Philosophy to AI Research Shownotes: We craft detailed show notes for each episode with high quality transcript and references and best parts bolded. https://www.dropbox.com/scl/fi/fz43pdoc5wq5jh7vsnujl/JEFFCLUNE.pdf?rlkey=uu0e70ix9zo6g5xn6amykffpm&st=k2scxteu&dl=0
There are people I can talk to, where all of the following statements are obvious. They go without saying. We can just “be reasonable” together, with the context taken for granted.And then there are people who…don't seem to be on the same page at all. There's a real way to do anything, and a fake way; we need to make sure we're doing the real version.Concepts like Goodhart's Law, cargo-culting, greenwashing, hype cycles, Sturgeon's Law, even bullshit jobs1 are all pointing at the basic understanding that it's easier to seem good than to be good, that the world is full of things that merely appear good but aren't really, and that it's important to vigilantly sift out the real from the fake. This feels obvious! This feels like something that should not be contentious! If anything, I often get frustrated with chronic pessimists [...] --- First published: December 20th, 2024 Source: https://www.lesswrong.com/posts/sAcPTiN86fAMSA599/what-goes-without-saying --- Narrated by TYPE III AUDIO.
Jim talks with Kristian Rönn, co-founder of the carbon accounting tech company Normative, about his book The Darwinian Trap: The Hidden Evolutionary Forces That Explain Our World (and Threaten Our Future). They discuss Darwinian traps & demons, the parable of Picher, Oklahoma, the "cost of doing business" mentality, beauty filter arms races, perverse incentives in science, Goodhart's law, how nature deals with defection vs cooperation, kamikaze mutants, pandas as evolutionary dead ends, close calls with nuclear weapons, engineered pathogens, AI risk, radical transparency at the nation-state level, reputation systems, types of reciprocity, distributed reputation marketplaces, developing Darwinian demon literacy, local change, and much more. Episode Transcript The Darwinian Trap: The Hidden Evolutionary Forces That Explain Our World (and Threaten Our Future), by Kristian Rönn "Five Rules for Cooperation," by Martin Nowak "The Vulnerable World Hypothesis," by Nick Bostrom Kristian Rönn is a founder, author, and global governance advocate. He pioneered cloud-based carbon accounting by founding Normative, a platform that helps thousands of companies achieve net-zero emissions. A proponent of effective altruism, Kristian advocates for prioritizing the wellbeing of Earth's inhabitants as the key metric for progress. Before Normative, he worked at Oxford's Future of Humanity Institute, focusing on global catastrophic risks and AI. He has contributed to numerous global standards, legislation, and resolutions on climate and AI governance.
Karthiga Seturaj: The Right And The Wrong Metrics For Agile Teams Read the full Show Notes and search through the world's largest audio library on Scrum directly on the Scrum Master Toolbox Podcast website: http://bit.ly/SMTP_ShowNotes. Karthiga shares a team story where metrics like Flow Efficiency were implemented to improve understanding of work processes. Despite leadership support and training, the team became overly focused on “making metrics look good,” reflecting Goodhart's Law. This led to discussions on aligning the purpose of metrics with improving workflows, not chasing numbers. Self-reflection Question: Are your team's metrics driving the right behaviors and outcomes? Featured Book of the Week: Project to Product by Mik Kersten Karthiga recommends Project to Product: How to Survive and Thrive in the Age of Digital Disruption with the Flow Framework for its introduction to the Flow Framework and its impact on understanding value stream management. This book transformed her approach to metrics, highlighting bottlenecks and improving flow efficiency. She particularly appreciated its simplicity and practical application in bridging business and technical team gaps. [The Scrum Master Toolbox Podcast Recommends]
Live, Thursday nights at 7:30PM ET on vocnation.com, it's WCW Retro! Join WCW's Stro Maestro for a special look back at all things professional wrestling, including WWE, NXT, AEW, and … a look back at WCW! Howard Morgan is at the reigns and taking your calls. This week: The crew welcomes Tri-State Wrestling Alliance founder Joel Goodhart, among other surprises, ahead of May 2025's One and Done show. Call into any live VOC Nation program by visiting callvoc.com! VOC Nation takes you behind the scenes of your favorite moments in pro wrestling history. Notable show hosts include legendary pro wrestling journalist Bill Apter, former WWE/TNA star Shelly Martinez, former WWE and AWA broadcaster Ken Resnick, former WCW performer The Maestro, former TNA Impact talent Wes Brisco, Pro Wrestling Illustrated's Brady Hicks, independent pro wrestling and Fireball Run star Sassy Stephie, and more! Since 2010, VOC Nation has brought listeners into the minds of the biggest stars in pro wrestling and entertainment. Subscribe to the podcasts for free on most major directories, and visit vocnation.com for live programming. Subscribe to premium - only $3/mo - for commercial full commercial free audio and video episodes. Exclusive access to 50 years of Bill Apter's interview archives is available for a nominal charge. Learn more about your ad choices. Visit podcastchoices.com/adchoices
During the 19th SIMM-podcast episode we assist to a conversation between biologist Olivier Hamant (Institut Michel Serre) and musician Jean-Luc Plouvier (Ictus Ensemble) on ideas and experiences they share with each other from their work on the natural world and the world of music-making. SIMM-founder Lukas Pairon interviews them. Referenced during this podcast-episode: Philippe Boesmans, John Cage, "Un homme ça s'empêche" (Albert Camus), eco-anxiety, free jazz, Philip Glass, Glenn Gould, Goodhart's law, Olivier Hamant's 'Antidote to the cult of performance', Olivier Hamant's 'De l'incohérence - philosophie politique de la robustesse', Olivier Hamant's 'La troisième voix du vivant', Ictus Ensemble, Steve Reich's 'Music for 18 Musicians', Ircam, robustness, serendipity, Michel Serre Institut, Reich's psychoacoustic by-products of repetition and phase-shifting, Simon Sinek's conference on 'The Infinite Game', systems thinking, Gertrude Stein, stochastic processes in biologyThe transcription of this episode can be found here.And during this episode music is shortly heard from Steve Reich's 'Music for 18 Musicians' (played by the Steve Reich Ensemble), as well as rehearsal recordings of the Kinshasa based traditional drummers ensemble Beta Mbonda.
In this episode, Bill welcomes Will Goodhart, Chief Executive of CFA UK, for a reflective discussion on leadership, professional evolution, and the challenges of addressing sustainability in finance. Will shares insights from his two-decade-long tenure, including his journey from journalism to leading one of the most respected professional bodies in finance. The conversation dives into the importance of serving end investors, the role of professional bodies in fostering ethical and technical competence, and the urgency of addressing climate change. Listen in!
Live, Tuesday nights at 7:30PM ET on vocnation.com, it's IN THE ROOM! ITR features topics introduced by the panel, your calls, PWI's Brady Hicks, and WCW's Maestro. This week, Brady Hicks is joined by legendary promoter Joel Goodhart as he talks about his One and Done show in May, and reflects on the Tri-State Wrestling Alliance. Call in to any live show on VOC Nation by visiting http://callvoc.com! Full Video Episode Available for only $3/mo at www.vocnation.com! Subscribers also get commercial free audio and video of Wrestling with History featuring Bill Apter and Ken Resnick, In the Room featuring PWI's Brady Hicks and former WCW Star the Maestro, No BS with The Bull Manny Fernandez, and more! VOC Nation takes you behind the scenes of your favorite moments in pro wrestling history. Notable show hosts include legendary pro wrestling journalist Bill Apter, former WWE/TNA star Shelly Martinez, former WWE and AWA broadcaster Ken Resnick, former WCW performer The Maestro, former TNA Impact talent Wes Brisco, Pro Wrestling Illustrated's Brady Hicks, independent pro wrestling and Fireball Run star Sassy Stephie, and more! Since 2010, VOC Nation has brought listeners into the minds of the biggest stars in pro wrestling and entertainment. Subscribe to the podcasts for free on most major directories, and visit http://vocnation.com for live programming. Subscribe to premium - only $3/mo - for commercial full commercial free audio and video episodes. Exclusive access to 50 years of Bill Apter's interview archives is available for a nominal charge. Learn more about your ad choices. Learn more about your ad choices. Visit podcastchoices.com/adchoices
Miguel Herdade trabalha em inovação social, gestão de organizações sem fins lucrativos, e implementação de políticas públicas, com especial interesse por desigualdades, educação e integração social. Radicado em Londres há vários anos, fundou e dirigiu organizações sem fins lucrativos em Portugal e no Reino Unido. No RU, foi Director Associado no Ambition Institute e “governador” de uma escola primária. Em Portugal, foi co-fundador e Director na Orquestra Sem Fronteiras, co-fundador e Diretor Executivo da Academia do Johnson e foi assistente na Nova SBE. É membro (independente) do Grupo de Reflexão Sobre o Futuro de Portugal junto do Presidente da República e cronista na revista SÁBADO. -> Apoie este podcast e faça parte da comunidade de mecenas do 45 Graus em: 45grauspodcast.com -> Deixe o seu email aqui para ser informado(a) do próximo Curso de Pensamento Crítico [a anunciar em breve]. _______________ Índice: (0:00) Introdução (3:58) Retrato dos portugueses a nível de escolaridade. | Expulsão dos Jesuítas pelo Marquês de Pombal. (20:17) A proeza de Portugal ter conseguido aumentar, ao mesmo tempo, a quantidade e qualidade do ensino. (28:03) Evolução dos rankings PISA: problema da falta de professores e impacto da Pandemia (34:28) Quando Portugal é capaz de ter boas políticas públicas — e como aprender com isso | Somos o país do Mundo em que menos crianças passam fome na escola (dados: OECD, PISA 2022 Database, Tables I.B1.4.46) e dos que têm refeições com maior qualidade nutricional (fonte: O'Connell, R. and Brannen, J. 2021. Families and Food in Hard Times: European comparative research. London: UCL) (41:25) Quem são os heróis não celebrados desta revolução no ensino? | Números do ensino profissional (45:48) O lado bom dos exames -- e como exigência é boa para as crianças mais pobres | Cultura de desrespeito pelos dados entre os decisores políticos (53:43) O lado mau dos exames | cognitive load theory | Lei de Goodhart (1:04:51) A importância subvalorizada do ensino Pré-escolar | Curva de Heckman | Impacto da pobreza equivalente a QI | Polémica nos Açores: filhos de desempregados discriminados no acesso às creches gratuitas | Dados OCDE. em Portugal, cash benefits vão sobretudo para quem ganha mais (tabela 6.12) | Porque o Reino Unido decidiu aumentar propinas e criar bolsas generosas (1:16:19) Porque é que as mães são mais importantes do que os pais para os resultados escolares dos filhos? | Estudo do convidado sobre a pandemia (em co-autoria) (1:17:42) O problema do crescente fosso nas notas entre rapazes e raparigas | John Locke e a educação das raparigas | Problemas identitários | Desigualdade | Livro: The Spirit Level: Why More Equal Societies Almost Always Do Better, de Richard G. Wilkinson e Kate Pickett (1:28:08) Ensino pre-escolar | Ras Chetty - estudo sobre amigos no Facebook (1:38:22) Como dar mais condições aos professores? Livros recomendados: Hillbilly Elegy, de J.D. Vance | Regresso a Reims, de Didier Eribon | Trilogia de Copenhaga, de Tove Ditlevsen | Submissão, de Michel Houellebecq ______________ Esta conversa foi editada por: Hugo Oliveira
This week we're joined again by Chris "The Villain" Paines! In this episode, Chris explains the two "dials" that coaches and students can use to modulate their training: complexity and intensity.Follow Chris on Instagram:https://www.instagram.com/chrisvillainbjjSubscribe to Chris' YouTube Channel:https://www.youtube.com/c/ChrisPainesBJJBuy Chris' instructionals on BJJ Fanatics:https://bjjfanatics.com/collections/instructional-videos/fighter_chris-painesCheck out InTheory BJJ on Patreon:https://www.patreon.com/intheorybjjResources discussed in this episode:How to Defend Everything with Chris Paines — YouTubehttps://youtu.be/BWitv9AKoNUEp. 155: Concepts Over Techniques, feat. Chris Paineshttps://bjj.plus/155Terry Tate: Office Linebackerhttps://youtu.be/RzToNo7A-94Mental models discussed in this episode:Gamificationhttps://bjjmentalmodels.com/gamification/Respect Reople, Not Positionshttps://bjjmentalmodels.com/respect-people-not-positions/Return on Investmenthttps://bjjmentalmodels.com/return-on-investment/Position Over Submissionhttps://bjjmentalmodels.com/position-over-submission/Inversionhttps://bjjmentalmodels.com/inversion/External Cueshttps://bjjmentalmodels.com/external-cues/Concepts Over Techniqueshttps://bjjmentalmodels.com/concepts-over-techniques/Goodhart's Lawhttps://bjjmentalmodels.com/goodharts-law/Survivorship Biashttps://bjjmentalmodels.com/survivorship-bias/Don't forget to check out BJJ Mental Models Premium!If you love the podcast, you'll definitely love our premium membership offerings. The podcast is truly just the tip of the iceberg – the next steps on your journey are joining our community, downloading our strategy courseware, and working with us to optimize your game. We do all this through memberships that come in at a fraction of the cost of a single private.Sign up here for a free trial:https://bjjmentalmodels.com/Need more BJJ Mental Models?Get tips, tricks, and breakthrough insights from our newsletter:https://bjjmentalmodels.com/newsletter/Get nitty-gritty details on our mental models from the full database:https://bjjmentalmodels.com/database/Follow us on social:https://facebook.com/bjjmentalmodels/https://instagram.com/bjjmentalmodels/Music by Enterprize:https://enterprize.bandcamp.com/
Join us for an exclusive interview with Joel Goodhart, where we delve deep into the secrets that have shaped his remarkable journey of Tristate Wrestling Alliance. In this candid conversation, Joel reveals insights into his career, personal challenges, and the lessons he's learned along the way.Joel also breaks a lot of news on the regrading a TWA Reunion Show: One & Done. Tickets go on Sale October 5th as Joel confirms a few guests on air! Goodhart also discusses a book that he as coming out as well.Joel tells a lot of stories about wrestlers such as, Owen Hart, The Blue Meanie, Bruno and Davis Sammartino, Cactus Jack, The Sandman, Sabu, Luna Vachon and many more! Whether you're a fan or simply curious about his story, this interview promises to uncover the truths behind his success and the strategies he employed to overcome obstacles. Don't miss out on this opportunity to gain inspiration and knowledge from one of the industry's most intriguing figures. Make sure to like, subscribe, and hit the notification bell for more insightful content!#TWA #wrestlinglegends #oldschoolwrestling #ecw #wwe #owenhart #mrmcmahon #vincemcmahon #paulheyman #pauledangerously #thesandman #brunosammartino #reunionshowSupport this podcast at — https://redcircle.com/perchedonthetoprope/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
It's really tempting to count things like credit hours, publications, or grants. Julia and Jonathan talk about some of the disadvantages of counting, including missing out on "hard-to-count" activities that may be important to us, and how to push the needle in our own thinking or evaluations to fight against easy answers. How do we consider the important aspects of helping students in our offices, deep thinking, or playing with Legos? Theme music courtesy of The Bobby Dazzlers (https://thebobbydazzlers.bandcamp.com)
Send us a textThe Podcast: Bob Smith - the former managing editor of Pro Wrestling Illustrated and longtime wrestling writer - continues his unique nostalgia podcast by offering perspectives that fans can't get anywhere else. This time, Smith goes deep into his past...The Guest: And welcome the founder of the now-legendary Tri-State Wrestling Alliance, Joel Goodhart. This conversation marks the first time that Smith and Goodhart have spoken since 1991 - and the innovative former promoter holds nothing back, offering details about the heights of TWA, the superstars that worked there, the decision to close the company - and offers details on a huge event booked for Philadelphia early next year!Buzzsprout - Let's get your podcast launched!Start for FREEDisclaimer: This post contains affiliate links. If you make a purchase, I may receive a commission at no extra cost to you.Support the showContact us at outdatedwrestling@gmail.com!
This next guest is one of the unsung heroes when it comes to wrestling in Philadelphia. Well it is safe to say we all can officially rejoice as he got several projects coming on. He is currently in the final stages of doing his book (with Scott Teal & Dan Murphy), a documentary that is going to have the final scenes filmed the night of the big event coming up on May 3rd, 2025. That's right TWA is back for “One & Done” (7:30 bell time, doors opening at 6). On top of all that there will be “RassleCon” from Noon to 3:30 and all this will be taking place at the 2300 Arena (former ECW arena) on the corner of Swanson & Ritner in the heart of South Philadelphia! Let's Welcome Joel Goodhart! (Go On Sale Oct 5th) Tickets For “One & Done”: https://2300arena.showare.com/AccessDenied.asp?p=521&venueview=1&src= Banner For TWA Legends: https://www.change.org/p/raise-a-banner-to-honor-these-5-philly-wrestling-icons?recruiter=156416355&recruited_by_id=561305b9-3686-4b52-bcd2-17e3e7053c56&utm_source=share_petition&utm_campaign=petition_dashboard&utm_medium=copylink Crazy Train Radio Facebook: Facebook.com/realctradio Instagram: @crazytrainradio X/Twitter: @realctradio Website: crazytrainradio.us YouTube: youtube.com/crazytrainradio --- Support this podcast: https://podcasters.spotify.com/pod/show/crazytrainradio/support
In this episode of the Mob Mentality Show, we explore the unintended consequences and pitfalls of relying too heavily on metrics with a dive into Goodhart's Law. If you've ever wondered why well-intentioned measurements can backfire and cause harmful behaviors in software development, leadership, and beyond, then this episode is for you! **What is Goodhart's Law?** Goodhart's Law states that “When a measure becomes a target, it ceases to be a good measure.” This means that when metrics are used as goals, people tend to optimize for the metric itself rather than the underlying value or outcome it represents. **How Can Metrics Destroy Collaboration?** Chris shares an intriguing story about two teams set up to compete against each other, only to find that the focus on “winning” metrics led to a breakdown in communication and collaboration. Instead of fostering teamwork, the metrics created silos and a toxic environment. **Examples of Bad Metrics in Software Development** We go through specific metrics that have led to bad behaviors in software teams, such as: - **Test Coverage Metrics**: How a narrow focus on test coverage can lead to tests that do nothing but improve the metric, without actually asserting anything or improving software quality. - **Points-per-Person Metrics**: Why measuring productivity at an individual level (e.g., story points completed per person) damages team dynamics and led to cutting corners. **Are There Any Good Metrics?** Is it possible to use metrics without falling into the Goodhart's Law trap? We discuss whether certain collective measures like **DORA Metrics** can provide value without the same issues. **Metrics for Conversations, Not Evaluation** One key takeaway is the distinction between metrics that trigger healthy conversations vs. those used to make evaluative judgments of a team from a distance. When metrics become evaluative rather than formative, they risk distorting behaviors and eroding psychological safety. **Leading Measures vs. Lagging Measures** We also touch on insights from *The 4 Disciplines of Execution* and its perspective on leading measures vs. lagging measures. **Managing Teams and Incentives at Scale** Finally, we tackle the challenge of managing people and teams at scale. Incentive structures that overemphasize metrics can lead to counterproductive behaviors, burnout, and loss of motivation. We emphasize the anti-pattern of metrics-driven management without side-by-side in-context coaching. If you've ever experienced the pitfalls of metrics-driven environments or are seeking ways to improve measurement practices in your teams, this episode is packed with lessons learned, cautionary tales, and actionable advice. Don't miss it! Video and Show Notes: https://youtu.be/MiySzmDRYA8
Karl and Chief kick things off with a conversation about hurricane season and the presidential candidates' proposals on inflation. Joel calls in to talk all things sports. Then, Kenny joins Chief to discuss the government's questionable economic decisions. Finally, Hal and Chief talk about the federal funds rate and Donald Trump's tariff proposal for John […]
Veja este episódio também no Youtube. Diana Grilo Silva é “Head of Interactions” na Critical Techworks (CTW), uma empresa software que resulta de uma ‘joint-venture' entre a portuguesa Critical Software e a BMW, e que se distingue por várias práticas de gestão radical, que dão forma a uma nova forma de trabalhar, disruptiva, horizontal e autónoma. A Diana é formada em Engenharia Informática pela Universidade de Évora, e antes da CTW passou pela Nokia e pela Talkdesk, entre outras empresas. -> Apoie este podcast e faça parte da comunidade de mecenas do 45 Graus em: 45grauspodcast.com -> Registe-se para ser avisado(a) de futuras edições dos workshops de Pensamento Crítico: https://forms.sendpulse.com/7e62c1e4f5 _______________ Índice: (0:00) Introdução (5:44) Como pode uma empresa crescer sem ficar mais vertical, com mais níveis hierárquicos? | Seguir o exemplo das células e da mitose (14:58) Equipas em autogestão e separar responsabilidade de gestão entre delivery e gestão de pessoas | O que faz um(a) SCRUM master? (34:16) Gestão e a armadilha do Princípio de Peter (40:59) Um método radical para a avaliação de desempenho e feedback. | Avaliação na CT, baseada em 4 atributos principais. | É a própria pessoa que decide! (49:18) Aprender a dar feedback | No inicio é sempre estranho. Começar com perguntas. (1:08:33) Metodologia Scrum. Usar Scrum para fazer obras em casa? | (1:12:02) Importância de incentivar a experimentação. “Falhar depressa” | Sandboxing | Post-mortem (1:17:40) O que nos motiva no trabalho? TED Talk Dan Pink | Lei de Goodhart (1:35:05) Desafios de ser mulher na área tecnológica (artigo da convidada) Livros recomendados: Reinventing Organizations, Frederic Laloux | The Connected Company, Dave Gray | Holacracy: The New Management System for a Rapidly Changing World, Brian J. Robertson ______________ Esta conversa foi editada por: DBF Estúdio
It's in a peer-reviewed paper, so it must be true. Right? Alas, you can only really hold this belief if you don't know about the peer-review system, and scientific publishing more generally.That's why, in this episode of The Studies Show, Tom and Stuart break down the traditional scientific publishing process, discuss how it leads science astray, and talk about the ways in which, if we really cared, we could make it better.The Studies Show is brought to you by Works in Progress magazine. Their new September 2024 issue is out now, and is brimming with fascinating articles including one on lab-grown diamonds, one on genetically-engineered mosquitoes, and one on the evolution of drip coffee. Check it out at worksinprogress.co.Show Notes* A history of Philosophical Transactions, the oldest scientific journal* Hooke (1665) on “A Spot in One of the Belts of Jupiter”* The original paper proposing the h-index* Useful 2017 paper on perverse incentives and hypercompetition in science* Goodhart's Law* Bad behaviour by scientists:* What is a “predatory journal”?* Science investigates paper mills and their bribery tactics* The best example yet seen of salami slicing* Brief discussion of citation manipulation* Elisabeth Bik on citation rings* The recent discovery of sneaked citations, hidden in the metadata of a paper* The Spanish scientist who claims to publish a scientific paper every two days* Science report on the fake anemone paper that the journal didn't want to retract* Transcript of Ronald Fisher's 1938 lecture in which he said his famous line about statisticians only being able to offer a post-mortem* 2017 Guardian article about the strange and highly profitable world of scientific publishing* Brian Nosek's 2012 “scientific utopia” paper* Stuart's 2022 Guardian article on how we could do away with scientific papers altogether* The new Octopus platform for publishing scientific resaerch* Roger Giner-Sorolla's article on “aesthetic standards” in scientific publishing and how they damage science* The Transparency and Openness Practices guidelines that journals can be rated on* Registered Reports - a description, and a further discussion from Chris Chambers* 2021 paper showing fewer positive results in Registered Reports compared with standard scientific publicationCreditsThe Studies Show is produced by Julian Mayers at Yada Yada Productions. This is a public episode. If you'd like to discuss this with other subscribers or get access to bonus episodes, visit www.thestudiesshowpod.com/subscribe
Lou and Tom explore topics related to the economic and business practices of the Soviet Union, toilet seats, and Goodhardts law. New guest Tommy Grisafi joins to discuss the American farmer, cash rent cowboys, fertilizer cartels followed by Kevin and John's summary of the average college fatso's NIL contract.
This week we're joined again by Adam Medlock! Adam is a Braulio Estima black belt and a lead educator from the UK. In this episode, Adam discusses the challenges of student assessment, or how Jiu-Jitsu coaches can measure student progress and the effectiveness of the curriculum. Key points include the introduction of the TLA cycle (Teaching, Learning, and Assessment) and the concept of cumulative disfluency, alongside a critique of one-size-fits-all curricula and seminar-style teaching.Resources discussed in this episode:Inside the Black Box: Assessment for Learning in the Classroom, by Paul Black et al.https://bit.ly/4dUdqqGInside the Black Box: Raising Standards Through Classroom Assessment, by Dylan Wiliam & Paul Blackhttps://kappanonline.org/inside-the-black-box-raising-standards-through-classroom-assessment/Kolb's Cycle of Reflective Practice — University of Hullhttps://libguides.hull.ac.uk/reflectivewriting/kolbTeach Like a Champion, by Doug Lemovhttps://teachlikeachampion.org/books/The Art of Learning, by Josh Waitzkinhttps://www.joshwaitzkin.com/the-art-of-learningMental models discussed in this episode:Cognitive Loadhttps://bjjmentalmodels.com/cognitive-load/Goodhart's Lawhttps://bjjmentalmodels.com/goodharts-law/Feedback Loophttps://bjjmentalmodels.com/feedback-loop/Teach to Learnhttps://bjjmentalmodels.com/teach-to-learn/Psychological Safetyhttps://bjjmentalmodels.com/psychological-safety/Making Smaller Circleshttps://bjjmentalmodels.com/making-smaller-circles/Don't forget to check out BJJ Mental Models Premium!If you love the podcast, you'll definitely love our premium membership offerings. The podcast is truly just the tip of the iceberg – the next steps on your journey are joining our community, downloading our strategy courseware, and working with us to optimize your game. We do all this through memberships that come in at a fraction of the cost of a single private.Sign up here for a free trial:https://bjjmentalmodels.com/Need more BJJ Mental Models?Get tips, tricks, and breakthrough insights from our newsletter:https://bjjmentalmodels.com/newsletter/Get nitty-gritty details on our mental models from the full database:https://bjjmentalmodels.com/database/Follow us on social:https://facebook.com/bjjmentalmodels/https://instagram.com/bjjmentalmodels/Music by Enterprize:https://enterprize.bandcamp.com/
Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Principled Satisficing To Avoid Goodhart, published by JenniferRM on August 17, 2024 on LessWrong. There's an admirable LW post with (currently) zero net upvotes titled Goodhart's Law and Emotions where a relatively new user re-invents concepts related to super-stimuli. In the comments, noggin-scratcher explains in more detail: The technical meaning is a stimulus that produces a stronger response than the stimulus for which that response originally evolved. So for example a candy bar having a carefully engineered combination of sugar, fat, salt, and flavour in proportions that make it more appetising than any naturally occurring food. Or outrage-baiting infotainment "news" capturing attention more effectively than anything that one villager could have said to another about important recent events. In my opinion, there's a danger that arises when applying the dictum to know thyself, where one can do this so successfully that one begins to perceive the logical structure of the parts of yourself that generate subjectively accessible emotional feedback signals. In the face of this, you face a sort of a choice: (1) optimize these to get more hedons AT ALL as a coherent intrinsic good, or (2) something else which is not that. In general, for myself, when I was younger and possibly more foolish than I am now, I decided that I was going to be explicitly NOT A HEDONIST. What I meant by this has changed over time, but I haven't given up on it. In a single paragraph, I might "shoot from the hip" and say that when you are "not a hedonist (and are satisficing in ways that you hope avoid Goodhart)" it doesn't necessarily mean that you throw away joy, it just means that that WHEN you "put on your scientist hat", and try to take baby steps, and incrementally modify your quickly-deployable habits, to make them more robust and give you better outcomes, you treat joy as a measurement, rather than a desiderata. You treat subjective joy like some third pary scientist (who might have a collaborator who filled their spreadsheet with fake data because they want a Nature paper, that they are still defending the accuracy of, at a cocktail party, in an ego-invested way) saying "the thing the joy is about is good for you and you should get more of it". When I first played around with this approach I found that it worked to think of myself as abstractly-wanting to explore "conscious optimization of all the things" via methods that try to only pay attention to the plausible semantic understandings (inside of the feeling generating submodules?) that could plausibly have existed back when the hedonic apparatus inside my head was being constructed. (Evolution is pretty dumb, so these semantic understandings were likely to be quite coarse. Cultural evolution is also pretty dumb, and often actively inimical to virtue and freedom and happiness and lovingkindness and wisdom, so those semantic understandings also might be worth some amount of mistrust.) Then, given a model of a modeling process that built a feeling in my head, I wanted to try to figure out what things in the world that that modeling process might have been pointing to, and think about the relatively universal instrumental utility concerns that arise proximate to the things that the hedonic subsystem reacts to. Then maybe just... optimize those things in instrumentally reasonable ways? This would predictably "leave hedons on the table"! But it would predictably stay aligned with my hedonic subsystems (at least for a while, at least for small amounts of optimization pressure) in cases where maybe I was going totally off the rails because "my theory of what I should optimize for" had deep and profound flaws. Like suppose I reasoned (and to be clear, this is silly, and the error is there on purpose): 1. Making glucose feel good is simply a w...
McAlvany Weekly Commentary Charles Goodhart’s Central Bank Experience Leans Towards Gold Greg Weldon Is A Current Gold Bull Analyst Jeffrey Christian Sees Gold Higher The post Goodhart, Weldon, & Christian All Gold Bulls appeared first on McAlvany Weekly Commentary.
This week on Who Killed...?, I dive into the mysterious case of the Robison family, also known as the Good Hart murders, in Northern Michigan. Join me as we explore the idyllic setting of northern Michigan and invite listeners to draw their own conclusions on who may have been responsible for this tragic event. The prime suspect in the Robison family murders, Joe Scolaro, was a former business partner of Richard Robison. Scolaro's suspicious behavior, financial motives, and connections to the crime scene made him a compelling suspect. Despite failing polygraph tests and having incriminating evidence against him, Scolaro was never officially charged. His mysterious suicide added another layer of complexity to the case. "So who would want to murder a family? Was it a crime of opportunity? That was a theory, but again, since this house was so secluded, that almost throws that theory right out the window. How could someone bludgeon a child to death, let alone after they had already killed most everyone else with a gun? So what was the significance of this overkill?" OG Air Date: 7/11/19 Learn more about your ad choices. Visit megaphone.fm/adchoices
Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Finding the Wisdom to Build Safe AI, published by Gordon Seidoh Worley on July 4, 2024 on The AI Alignment Forum. We may soon build superintelligent AI. Such AI poses an existential threat to humanity, and all life on Earth, if it is not aligned with our flourishing. Aligning superintelligent AI is likely to be difficult because smarts and values are mostly orthogonal and because Goodhart effects are robust, so we can neither rely on AI to naturally decide to be safe on its own nor can we expect to train it to stay safe. We stand a better chance of creating safe, aligned, superintelligent AI if we create AI that is "wise", in the sense that it knows how to do the right things to achieve desired outcomes and doesn't fall into intellectual or optimization traps. Unfortunately, I'm not sure how to create wise AI, because I'm not exactly sure what it is to be wise myself. My current, high-level plan for creating wise AI is to first get wiser myself, then help people working on AI safety to get wiser, and finally hope that wise AI safety researchers can create wise, aligned AI that is safe. For close to a decade now I've been working on getting wiser, and in that time I've figured out a bit of what it is to be wise. I'm starting to work on helping others get wiser by writing a book that explains some useful epistemological insights I picked up between pursuing wisdom and trying to solve a subproblem in AI alignment, and have vague plans for another book that will be more directly focused on the wisdom I've found. I thus far have limited ideas about how to create wise AI, but I'll share my current thinking anyway in the hope that it inspires thoughts for others. Why would wise AI safety researchers matter? My theory is that it would be hard for someone to know what's needed to build a wise AI without first being wise themself, or at least having a wiser person to check ideas against. Wisdom clearly isn't sufficient for knowing how to build wise and aligned AI, but it does seem necessary under my assumptions, in the same way that it would be hard to develop a good decision theory for AI if one could not reason for oneself how to maximize expected value in games. How did I get wiser? Mostly by practicing Zen Buddhism, but also by studying philosophy, psychology, mathematics, and game theory to help me think about how to build aligned AI. I started practicing Zen in 2017. I picked Zen with much reluctance after trying many other things that didn't work for me, or worked for a while and then had nothing else to offer me. Things I tried included Less Wrong style rationality training, therapy, secular meditation, and various positive psychology practices. I even tried other forms of Buddhism, but Zen was the only tradition I felt at home with. Consequently, my understanding of wisdom is biased by Zen, but I don't think Zen has a monopoly on wisdom, and other traditions might produce different but equally useful theories of wisdom than what I will discuss below. What does it mean to be wise? I roughly define wisdom as doing the right thing at the right time for the right reasons. This definition puts the word "right" through a strenuous workout, so let's break it down. The "right thing" is doing that which causes outcomes that we like upon reflection. The "right time" is doing the right thing when it will have the desired impact. And the "right reasons" is having an accurate model of the world that correctly predicts the right thing and time. How can the right reasons be known? The straightforward method is to have true beliefs and use correct logic. Alas, we're constantly uncertain about what's true and, in real-world scenarios, the logic becomes uncomputable, so instead we often rely on heuristics that lead to good outcomes and avoid optimization traps. That we rely on heuristi...
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Today's Feature episode of The Two Man Power Trip of Wrestling is with former TWA owner and promoter, Joel Goodhart. The former promoter joins the show to talk about his pro wrestling journey. Host John Poz and Joel talk about breaking into the business, the legacy of the TWA, The Sandman, the birth of ECW, Tod Gordon, Paul Heyman, Terry Funk, his TWA supercards, Nature Boy Buddy Rogers, Buddy Landell, Jerry Lawler, and so much more!The best and easy way to win money is playing fantasy! Join @underdogfantasy today (underdogfantasy.com) and enter the promo code POWERTRIP to double your deposit. Then all you have to do is pick a game, guess higher or lower on or draft your team; then sit back, relax & watch the money roll in!Underdog Fantasy Promo Code: POWERTRIPStore - Teepublic.com/stores/TMPTFollow us @TwoManPowerTrip on Twitter and IG
Nathen Harvey is Developer Advocate and the lead for DORA at Google Cloud, their DevOps Research and Assessment unit. For ten years Nathen has spearheaded tech communities and authored several reports that now form the industry standard for measuring DevOps performance. He was once a CRM system administrator too — he knows his stuff and the challenges we all face too!Nathen joins Jack on the DevOps Diaries podcast to discuss all things metrics. In an enticing and insightful conversation, Nathen shares with us how the DORA metrics came to be, what they are, and why measuring performance is important for all teams to drive their businesses in the right direction.Nathen also shares with us some of the common pitfalls of metrics, including Goodhart's Law, and what we can do to avoid them. If you're unsure of where to start when it comes to measuring performance, or how to improve, this is the episode for you.Nathen and Jack also discuss the wider market trends and how engineering teams can up their game using the SPACE framework.Learn more:DORA 2023 reportThe State of Salesforce DevOps 2024 reportThe common pitfalls when measuring performanceHow to align metrics with business performanceConnect with NathenLinkedInX/TwitterConnect with Jack X/TwitterLinkedInPodcast produced and sponsored by Gearset, the complete Salesforce DevOps platform. Try Gearset free for 30 days.
On today's show, we discuss a few of the entries outlined on the website, the Laws of Software. Topics include Atwood's Law on JavaScript, Cunningham's Law on getting answers, Parkinson's Law on getting things done, Goodhart's Law on taking measurements, Hofstadter's Law on inevitable failure, and the Peter Principle.Follow the show and be sure to join the discussion on Discord! Our website is workingcode.dev and we're @WorkingCodePod on Twitter and Instagram. New episodes drop weekly on Wednesday.And, if you're feeling the love, support us on Patreon.With audio editing and engineering by ZCross Media.Full show notes and transcript here.
Why did Rome fall? What can we learn from past civilization collapses to protect our own? How do we fix our Institutions? In this Win-Win episode I speak to Samo Burja - a leading geopolitical analyst and founder of the intelligence brief Bismarck Analysis. Samo is a prolific writer on nature of power, leadership, bureaucracy and governance. If you're worried about the health of our institutions and sense-making, this is the episode for you. Chapters 00:00:00 - Intro 00:01:40 - Common Themes of Historical Civilizations 00:05:13 - Loss of Knowledge 00:13:38 - Impact of Demographic Collapse 00:17:06 - Indigenous Knowledge Loss 00:21:13 - Role of Institutions 00:24:01 - The Succession Problem & Knowledge Loss 00:38:34 - Bureaucracy and Goodhart's Law 00:45:52 - Democracy and Monarchy 00:50:44 - Sensemaking & AI 01:07:13 - Building New Civilizational Games 01:23:27 - Great Founder Theory 01:33:34 - What Makes a Great Founder? 01:38:53 - How to Avoid Getting Drunk on Power 01:44:50 - Democratization of Technology & Vulnerable Worlds 01:53:52 - Geopolitical Predictions Links ♾️ Bismarck Brief https://brief.bismarckanalysis.com/ ♾️ Samo's Website https://samoburja.com/ ♾️ Samo's Youtube https://www.youtube.com/@UC4QYBbgLkGaULStiC5yc_1Q Credits ♾️ Hosted by Liv Boeree ♾️ Produced by Raymond Wei ♾️ Edit and Audio Mix by Ryan Kessler The Win-Win Podcast: Poker champion Liv Boeree takes to the interview chair to tease apart the complexities of one of the most fundamental parts of human nature: competition. Liv is joined by top philosophers, gamers, artists, technologists, CEOs, scientists, athletes and more to understand how competition manifests in their world, and how to change seemingly win-lose games into Win-Wins.
Welcome to The Nonlinear Library, where we use Text-to-Speech software to convert the best writing from the Rationalist and EA communities into audio. This is: Catastrophic Goodhart in RL with KL penalty, published by Thomas Kwa on May 15, 2024 on LessWrong. TLDR: In the last two posts, we showed that optimizing for a proxy can fail to increase true utility, but only when the error is heavy-tailed. We now show that this also happens in RLHF with a KL penalty. This post builds on our earlier result with a more realistic setting and assumptions: Rather than modeling optimization as conditioning on a minimum reward threshold, we study maximization of reward with a KL divergence penalty, as in RLHF. We remove the assumption of independence between the error and utility distributions, which we think was the weakest part of the last post. When the true utility V is light-tailed, the proxy can be maximized while keeping E[V]to the same level as the prior. We can't guarantee anything about E[V] when V is heavy tailed; it could even go to minus infinity. Abstract When applying KL regularization, the trained model is regularized towards some prior policy π0. One would hope that a KL penalty can produce good outcomes even in the case of reward misspecification; that is, if the reward U is the sum of true utility V and an error term X, we would hope that optimal policies under a KL penalty achieve high V even if the magnitude of X is large. We show that this is not always the case: when X is heavy-tailed, there are arbitrarily well-performing policies π with Eπ[V]Eπ0[V]; that is, that get no higher true utility than the prior. However, when error is light-tailed and independent of V, the optimal policy under a KL penalty results in V>0, and V can be made arbitrarily large. Thus, the tails of the error distribution are crucial in determining how much utility will result from optimization towards an imperfect proxy. Intuitive explanation of catastrophic Goodhart with a KL penalty Recall that KL divergence between two distributions P and Q is defined as If we have two policies π,π0, we abuse notation to define DKL(ππ0) as the KL divergence between the distributions of actions taken on the states in trajectories reached by π. That is, if Tr(π) is the distribution of trajectories taken by π, we penalize This strongly penalizes π0 taking actions the base policy never takes, but does not force the policy to take all actions the base policy takes. If our reward model gives reward U, then the optimal policy for RLHF with a KL penalty is: Suppose we have an RL environment with reward U=X+V where X is an error term that is heavy-tailed under π0, and V is the "true utility" assumed to be light-tailed under π0. Without loss of generality, we assume that E[U(π0)]=0. If we optimize for E[U(π)]βDKL(ππ0), there is no maximum because this expression is unbounded. In fact, it is possible to get E[U(π)]>M and DKL(π,π0)
The smell was overwhelming on that July day in 1968 as Monnie Bliss approached the cabin that his father Chauncey had built years earlier near the community of Good Hart, on the Lower Peninsula of Michigan's Northwest Coast. And the murders that ended up being discovered in the strange cabin in the woods would be a mystery that has yet to solved.Check out our updated website and sign up for our newsletter at AmericanHauntingsPodcast.comWant an episode every week, plus other awesome perks and discounts? Check out our Patreon pageFind out merch at AmericanHauntingsClothing.comFollow us on Twitter @AmerHauntsPod, @TroyTaylor13, @CodyBeckSTLFollow us on Instagram @AmericanHauntingsPodcast, @TroyTaylorgram, @CodyBeckSTLThis episode was written by Troy TaylorProduced and edited by Cody BeckOur Sponsors:* Check out Rosetta Stone and use my code TODAY for a great deal: https://www.rosettastone.com/* Check out undefined and use my code HAUNTINGS for a great deal: undefinedSupport this podcast at — https://redcircle.com/american-hauntings-podcast/donationsAdvertising Inquiries: https://redcircle.com/brandsPrivacy & Opt-Out: https://redcircle.com/privacy
Nicole is a software engineer and writer, and recently wrote about the trade-offs we make when deciding which tests to write and how much testing is enough.We talk about:Balancing schedule vs testingHow much testing is the right about of testingShould code coverage be measured and trackedGood refactoring can reduce code coverageIs it worth testing error conditions?Are rare error codes ok to just monitor?API drift and autospecMitigating riskDeciding what to test and what not to testFocus testing on key money-making features If there's a bug in this part of the code, how much business impact is there?Performance testing needs to approximately match real world workloadsCost of a service breaking vs the cost of creating, maintaining, and running testsKeeping test suites quick to minimize getting distractedLinks:Too much of a good thing: the trade-off we make with tests Load testing is hard, and the tools are... not great. But why?Yet Another Rust Resource (YARR!)Goodhart's law - "When a measure becomes a target, it ceases to be a good measure" Sponsored by Mailtrap.ioAn Email Delivery Platform that developers love. An email-sending solution with industry-best analytics, SMTP, and email API, SDKs for major programming languages, and 24/7 human support. Try for Free at MAILTRAP.IOSponsored by PyCharm ProUse code PYTEST for 20% off PyCharm Professional at jetbrains.com/pycharmNow with Full Line Code CompletionSee how easy it is to run pytest from PyCharm at pythontest.com/pycharmThe Complete pytest CourseFor the fastest way to learn pytest, go to courses.pythontest.comWhether your new to testing or pytest, or just want to maximize your efficiency and effectiveness when testing.
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The 1968 Good Hart murders of the Robison family remain a haunting mystery, shedding light on the darkest aspects of humanity in a once-peaceful town.We are telling that story tonight, on Terrifying & TrueSupport us on Patreon http://patreon.com/IncrediblyHandsomeContact Us/Submit a Storytwitter.com/WeeklySpookyfacebook.com/WeeklySpookyWeeklySpooky@gmail.comOriginal Theme by Ray MattisMusic by AudioBlocksProduced by Daniel WilderExecutive Producers Rob Fields & Mark ShieldsFind everything at:WeeklySpooky.com
In this episode, host Robert J. Marks discusses the state of innovation and the impact of AI with guest Jeffrey Funk, author of the book Technology Change and the Rise of New Industries. They discuss the hype around AI, the limitations of large language models like GPT-3, the slowing rate of innovation, the impact of Goodhart’s Law on academia, and the Read More › Source
Giving computers a voice has always been at the center of sci-fi movies; “I'm sorry Dave, I'm afraid I can't do that” wouldn't hit as hard if it just appeared on screen as a terminal output, after all. The first electronic speech synthesizer, the Voder, was built at Bell Labs 85 years ago (1939!), and it's…. something:We will not cover the history of Text To Speech (TTS), but the evolution of the underlying architecture has generally been Formant Synthesis → Concatenative Synthesis → Neural Networks. Nowadays, state of the art TTS is just one API call away with models like Eleven Labs and OpenAI's TTS, or products like Descript. Latency is minimal, they have very good intonation, and can mimic a variety of accents. You can hack together your own voice AI therapist in a day!But once you have a computer that can communicate via voice, what comes next? Singing
Last week we talked about growing your business God's way. This week we dive into measuring your business God's way. How do you know if you are doing things His way? And how can you make sure to stay the course if you are? That's what this episode is all about. We're going to jump into goals and KPI's and show you how Goodhart's Law can be used to make sure we stay on the right path. If you're interested in building and growing a business that makes money AND has meaning, this episode is for you. Enjoy.
When should we change the target? This week, Joey, Aaron, and Jess talk about SATs, grade inflation, games, goals, dating, and wine. They don't talk about French Kiss. references Joey missed you. The New York Times' The Daily Podcast: The Messy Fight Over the SAT @AnthonyLeeZhang on former-Twitter discussing the Goodhart Overhang vintner Concord grapes How Save Scumming Makes Baldur's Gate 3 Better
For nearly a month, a picturesque cabin on northern Lake Michigan hid a ghastly secret. The bodies of wealthy ad executive Dick Robison, his wife Shirley, and their four children lay waiting for someone to find them following a brutal attack on a summer afternoon. From the moment a caretaker stumbled upon the murder scene while investigating reports of a foul odor coming from the property, nothing would ever be the same in the small town of Good Hart.