{"product_id":"the-ocean-doesn-t-care-about-your-swimming-lessons-1","title":"The Ocean Doesn’t Care About Your Swimming Lessons","description":"\u003cp\u003e\u003cspan style=\"font-size: 16px; box-sizing: border-box; caret-color: #0f1111; color: #0f1111; font-family: \" amazon ember arial sans-serif\u003e'\u003c\/span\u003e\u003cspan class=\"a-text-bold a-text-italic\" style=\"font-size: 16px; box-sizing: border-box; caret-color: #0f1111; color: #0f1111; font-family: \" amazon ember arial sans-serif font-style: italic\u003eRemarkably, great innovation seems to begin with the bankruptcy of the innovators\u003c\/span\u003e\u003cspan style=\"font-size: 16px; box-sizing: border-box; caret-color: #0f1111; color: #0f1111; font-family: \" amazon ember arial sans-serif\u003e.'\u003cbr style=\"box-sizing: border-box;\"\u003e\u003cbr style=\"box-sizing: border-box;\"\u003eThe above is perhaps one of the key insights that David Steinberg brings to light in his book. \u003cbr\u003e\u003c\/span\u003e\u003c\/p\u003e\u003cp\u003e\u003cspan style=\"font-size: 16px; box-sizing: border-box; caret-color: #0f1111; color: #0f1111; font-family: \" amazon ember arial sans-serif\u003eThis swaggering account speeds through the history of railroad mania, the electrification of America, and the fiber optic boom: three manias that ultimately bankrupted their builders and remade the world. \u003c\/span\u003e\u003c\/p\u003e\u003cp\u003e\u003cspan style=\"font-size: 16px; box-sizing: border-box; caret-color: #0f1111; color: #0f1111; font-family: \" amazon ember arial sans-serif\u003eIn the 1840s, British families mortgaged their futures for railway shares. The trains were undoubtedly real. The fortunes, however, were not. Samuel Insull, who, 80 years after the railroads, electrified America and built an empire of holding companies, only to go bankrupt. To quote the author, '\u003c\/span\u003e\u003cspan class=\"a-text-italic\" style=\"font-size: 16px; box-sizing: border-box; caret-color: #0f1111; color: #0f1111; font-family: \" amazon ember arial sans-serif font-style: italic\u003eThe heroes of one part of a cycle often become the villains on the other.\u003c\/span\u003e\u003cspan style=\"font-size: 16px; box-sizing: border-box; caret-color: #0f1111; color: #0f1111; font-family: \" amazon ember arial sans-serif\u003e' In the 1990s, the smartest money on Wall Street buried the ocean floor in fiber optic cables that sat unused for a decade.\u003cbr style=\"box-sizing: border-box;\"\u003e\u003cbr style=\"box-sizing: border-box;\"\u003eA clear-eyed field guide to what we are living through now, the work is a byproduct of the investment research conducted by the author over the last several years. \u003c\/span\u003e\u003cspan class=\"a-text-bold a-text-italic\" style=\"font-size: 16px; box-sizing: border-box; caret-color: #0f1111; color: #0f1111; font-family: \" amazon ember arial sans-serif font-style: italic\u003eSynthetic Brains \u0026amp; Steam Trains\u003c\/span\u003e\u003cspan style=\"font-size: 16px; box-sizing: border-box; caret-color: #0f1111; color: #0f1111; font-family: \" amazon ember arial sans-serif\u003e moves through each mania, much as an investor would. Who paid for the infrastructure? Who got wiped out? What was the capacity actually worth? How long did it take for the world to grow into it?\u003cbr style=\"box-sizing: border-box;\"\u003e\u003cbr style=\"box-sizing: border-box;\"\u003eThe author finishes with a brief eye to lessons that can be observed in the present. Here begins a skeptical tour of the fundamental concepts of artificial intelligence, including a discussion of why machines that reconstruct rather than remember can answer our questions so confidently, and yet also, so incorrectly.\u003cbr style=\"box-sizing: border-box;\"\u003e\u003cbr style=\"box-sizing: border-box;\"\u003eThe book, intentionally written as a casual article, examines the gap between what these systems can do and what they have so far changed. 'History doesn't rhyme, history repeats.' Different names, different machines, the same plot. The investors who knew the plot did better than the ones who knew the technology. Volume III of \u003c\/span\u003e\u003cspan class=\"a-text-italic\" style=\"font-size: 16px; box-sizing: border-box; caret-color: #0f1111; color: #0f1111; font-family: \" amazon ember arial sans-serif font-style: italic\u003eThe Ocean Doesn't Care About Your Swimming Lessons\u003c\/span\u003e\u003cspan style=\"font-size: 16px; box-sizing: border-box; caret-color: #0f1111; color: #0f1111; font-family: \" amazon ember arial sans-serif\u003e includes detailed notes provided by the author, further reading, and other observations that are the byproduct of an investment analyst who, like everyone else, is making sense of the changing paradigm.\u003c\/span\u003e\u003c\/p\u003e","brand":"Marlowe Keynes","offers":[{"title":"Case Bound - PPC","offer_id":66981251121456,"sku":"9638148000036","price":89.0,"currency_code":"GBP","in_stock":true}],"url":"https:\/\/www.thegreatbritishbookshop.co.uk\/products\/the-ocean-doesn-t-care-about-your-swimming-lessons-1","provider":"The Great British Bookshop","version":"1.0","type":"link"}