Something Good for the Month

October 2023

Read. Reflect. Re-energize.

Masters in Business | Michael Lewis on Cryptocurrency and the FTX Empire

Bloomberg Radio host, Barry Ritholtz, speaks to Michael Lewis, whose latest book is “Going Infinite: The Rise and Fall of a New Tycoon,” on FTX founder Sam Bankman-Fried. He takes readers into the mind of Bankman-Fried, whose rise and fall offers an education in high-frequency trading, cryptocurrencies, philanthropy, bankruptcy and the justice system.

Enterprising Investor | ChatGPT and Large Language Models: Their Risks and Limitations

Despite its seemingly “magical” qualities, ChatGPT, like other large language models (LLMs), is just a giant artificial neural network. Its complex architecture consists of about 400 core layers and 175 billion parameters (weights) all trained on human-written texts scraped from the web and other sources. All told, these textual sources total about 45 terabytes of initial data. Without the training and tuning, ChatGPT would produce just gibberish.

Visual Capitalist | Charted: Retirement Age by Country

The retirement landscape can look completely different depending on what country you’re in. And charting the retirement age by country reveals a lot of differences in the the makeup of a labor force, both for economic and cultural reasons.

Inc. | The Inc. Non-Obvious Book Awards: The Best Books of 2023

Every year since 2014, the Non-Obvious Company has reviewed nonfiction books published throughout the year and selected the best of the best — the most insightful, the most impactful, the most “non-obvious” — for their annual book awards. This year, they’re partnering with Inc. to produce the 2023 Inc. Non-Obvious Book Awards, showcasing the best business books for entrepreneurs and other business leaders, as selected by Non-Obvious Company founder Rohit Bhargava. Here are all of this year’s winners, listed alphabetically by title.

Mises Institute | Canadian Digital Protectionism Gravely Threatens Free Speech

In 2023, Canada’s parliament passed two significant pieces of legislation, Bills C-11 and C-18, both of which have stirred debates and concerns regarding their potential impact on online freedom and political censorship. Bill C-18, commonly known as the Online News Act, was introduced in the forty-fourth Canadian Parliament and received royal assent on June 22, 2023. This legislation introduces a framework mandating digital news intermediaries, including search engines and social-networking services, to negotiate compensation for online publishers for reproducing or facilitating access to their content.

Investment involves risk, uncertainty and assumptions. The value of investments rise and fall and there is a risk you may not recoup the amount originally invested. Past performance is not a reliable indicator of future performance.

The contents are provided as general in nature and should not be relied upon nor construed to be the rendering of specific tax, legal, accounting or professional investment advice. Readers should consult with their own accountants, lawyers and/or financial advisors for advice on their specific circumstances before taking any action.

The information contained herein is from sources believed to be reliable, but accuracy cannot be guaranteed. No representations or warranty, expressed or implied, is made by Caldwell Investment Management Ltd. or its affiliates.

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