> Irrational beliefs can persist because the true believers convince the majority that there might be SOME risk to the belief being true, and the majority acting cautious based on this belief validates the true believers in turn.
This passage makes me think of how some beliefs about health interventions spread.
The creating value vs capturing value is a fascinating one to think about. You want to build a business that produces more value than it captures, but where you are positioned and what leverage you have to capture varies quite a lot. One I find quite interesting is US entrepreneurs who leverage Shenzhen to build their product and then are faced with low cost competitors on Amazon almost immediately. The value of their idea can be quite fleeting. (though on the flip side locking down value for hundreds of years with copyright is not ideal either).
Another great edition, just makes sad I have to wait until Wednesday for another one.
Regarding run of river dams, all hydroelectric generators rely on a height difference between inlet and outlet to generate power, this is referred to as hydraulic head. The power output is linearly proportional to the head (double the head, double the power). The general answer is that you can build a run of river hydro dam anywhere you have a change in elevation (waterfall) or you can create an elevation change by damming a river and creating a large reservoir (while also flooding a bunch of land).
> Irrational beliefs can persist because the true believers convince the majority that there might be SOME risk to the belief being true, and the majority acting cautious based on this belief validates the true believers in turn.
This passage makes me think of how some beliefs about health interventions spread.
Isn't Elon Musk one of the greatest, if not _the_ greatest, re-founders of all time?
The creating value vs capturing value is a fascinating one to think about. You want to build a business that produces more value than it captures, but where you are positioned and what leverage you have to capture varies quite a lot. One I find quite interesting is US entrepreneurs who leverage Shenzhen to build their product and then are faced with low cost competitors on Amazon almost immediately. The value of their idea can be quite fleeting. (though on the flip side locking down value for hundreds of years with copyright is not ideal either).
Another great edition, just makes sad I have to wait until Wednesday for another one.
Regarding run of river dams, all hydroelectric generators rely on a height difference between inlet and outlet to generate power, this is referred to as hydraulic head. The power output is linearly proportional to the head (double the head, double the power). The general answer is that you can build a run of river hydro dam anywhere you have a change in elevation (waterfall) or you can create an elevation change by damming a river and creating a large reservoir (while also flooding a bunch of land).