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Greatness is before us

The most difficult part of building the Tesla car company was reaching volume production without going bankrupt. Tesla was the first company to do this since Chrysler in the 1920s. More than this, Elon admits that he and his team made every mistake possible to make. The result, as Musk admits, is that he “knows more about manufacturing than anyone currently alive on earth.” (at minute 38:35)

He spent three years on the factory floor working out problems. It was vital for the workers to see the boss was not in a remote office.

I am skeptical of Musk’s attempts to convert the world from fossil fuels to electrical energy, but if anyone is going to show the way, it will be engineer/scientist/businessmen like Musk, and not climate ideologues like Steven Guilbeault, the federal minister in charge of wrecking the  Canadian energy industry and driving up energy prices through taxation.

I cannot resist comparing Musk with Bill Gates, the vaccine apologist and WEF apostle. Musk seems alive with wit and self awareness, by contrast to Gates, who seems increasingly like an earnest plodder with authoritarian tendencies. The more I see of Gates, the less impressed I become. The more I see of Musk, the more impressed with him I am.

In his youth Musk read a lot of books, and gradually learned that not everything is to be taken literally. With Asperger’s syndrome, “or whatever condition I had”,  he was not intuitively connected to other humans. His childhood was not happy, he admits. Understanding ambiguity and implicit meaning were beyond his reach, He found it rewarding to spend all night programming computers. He was “obsessed with truth”, and turned to physics in consequence. (at minute 47:46) His motivating philosophy is “to find what questions to ask of the answer that is the universe” and “to expand the scope and scale of consciousness so that we may be able to better understand the nature of the universe”. (at minute 51:00)

This is no small mind. This is greatness. I am glad that he has so much money: he will go farther still.

 

 

 

 

 

 

On the subject of money, entrepreneurs, invention, innovation

Jordan Peterson interviews a Brazilian-Lebanese-American economist of the Austrian School, Saifedean Ammous. Very good on the conception of what money is. Highly recommended value for your  investment in time.

  • Peterson at 28:15 on  the astonishing series of assumptions that lie behind the view that we can fix “global warming”. The fatal conceit that lies behind the idea that we can solve it – “fatal conceit” being a term that Hayek coined.
  • There follows a fascinating discussion of what kind of people entrepreneurs are: open to innovation and ideas (at 39:00).
  • The free market conception of money versus the statist conception of money. (at 42:00) Money is a product of the market, not the state.
  • Ammous says that Bitcoin is by definition the hardest currency, meaning least amenable to inflation.
  • The incentive of governments is to print money, which is enormously profitable to them.
  • Peterson: I am always more afraid of the solutions to climate change than I am to climate change. “The solutions terrify me.”
  • You cannot think long term about the planet when your wealth is continuously eroded by inflation. (at 58:00)

Ammous is the author of “The Bitcoin Standard”.   Fiat money is devaluing at 7% per year, meaning it loses about half its value in ten years. And what interest rates are you getting at the bank?

Changing the track on a skid steer

I thought the readership of Barrelstrength would be informed and spiritually refreshed by an Andrew Camarata video. This one involves changing the track on a skid-steer. Maybe as many as half of you will have never heard of a skid steer. As you contemplate the world from inside your sealed compartments, just imagine needing to have a skid steer to get your work done. It is not a form of software download or a protocol translator.

Also, in terms of cool forestry equipment, there is a company in Sweden call Kranman making cranes and haulers that work from an ATV rather than from a tractor. The idea started as a toy for kids until the builder began to receive interest from adults, and voila, a small industry was born.

I am sure there is thesis for a business school in this story somewhere: innovation, small business, marketing, youtube, market need. I know that if I were rich I would definitely get one. Though I would not dress up as a Korean riot policeman to go into my woods.