Notes

https://www.youtube.com/watch?v=YVe2enQ0SOw

A recent conversation between Howard Marks and Alper Daglioglu highlights a fundamental investing principle: comfort and good investing rarely coexist.

Here is why embracing discomfort is essential for long-term investors:

• The Necessity of Discomfort When Buying: Truly attractive valuations only appear in environments marked by extreme fear, uncertainty, and forced selling. Buying when the financial system feels like it is collapsing should feel terrible. "If you committed to spend money... and you're not uncomfortable there's something wrong with you." It is human nature to feel terrified when staring into the abyss, but courage to endure that discomfort is required because times of abject terror are precisely when prices are at their lowest relative to intrinsic value.
• The Danger of Feeling Comfortable: Conversely, feeling comfortable with an investment is often a warning sign. If an investment feels easy or universally accepted, it usually means the broader market is euphoric and carefree. During these comfortable times, prices are pushed to their maximum relative to intrinsic value, meaning prospective returns are low and risk is high. It is an oxymoron to look for a "bargain price security that everybody loves"; if everyone feels comfortable enough to love it, it is highly unlikely to be on the bargain counter.
• Embracing "Uncomfortably Idiosyncratic Positions": To achieve better-than-average results, investors cannot embody the same psychology as the average investor; they must diverge from the crowd and behave as contrarians. "Good investing requires the adoption of uncomfortably idiosyncratic positions." Investors must dare to be different, dare to be wrong, and dare to look wrong, all of which naturally invoke psychological discomfort.
• Enduring the Discomfort of Volatility: Another major source of discomfort is price fluctuation. Seeing portfolio prices move up and down makes both investment managers and their clients incredibly uncomfortable. Because of this discomfort, the investment industry has largely adopted the flawed concept that volatility is the same thing as risk and must be avoided. Excessive concern over interim volatility is "one of the wrongest things about the investment profession." Investors should be willing to endure the discomfort of a "lumpy 15% return" rather than paying a premium for a comfortable, "smooth 12%".

Safari caps page rendering updates to 60fps by default — even on ProMotion displays. To unlock 120fps, open Safari → Settings → Feature Flags and uncheck Prefer Page Rendering Updates near 60fps.

CSS animations, JS-driven animations, and view transitions will feel noticeably smoother.

Note: Scrolling is already 120fps regardless of this flag. It only limits rendering updates — animations and transitions — to 60fps.

The same flag exists on iOS and iPadOS under Settings → Safari → Advanced → Feature Flags.

Here are some issues I've found with macOS 26:

• Window Resizing:
  • https://mjtsai.com/blog/2026/01/12/the-struggle-of-resizing-windows-on-tahoe/
• Icons:
  • https://blog.jim-nielsen.com/2025/icons-in-menus/
  • https://tonsky.me/blog/tahoe-icons/
• Finder:
  • https://daringfireball.net/linked/2026/02/12/more-macos-263-finder-column-view-silliness
  • https://daringfireball.net/2026/01/resize_columns_to_fit_filenames
  • https://lapcatsoftware.com/articles/2026/1/4.html

I don't even like the new cursor, to me it's a rather unnecessary change. The current cursor is perfect.

Now I really miss the macOS in ~2015:

Screenshot from 512 Pixels

As a Mac lover, it’s genuinely sad for me to see macOS in its current state.

For now, I’ll stay on macOS 15 for as long as I can.

https://blog.kagi.com/kagi-news

A comprehensive daily press review with global news. Fully private, with sources openly curated by our community.

News is broken. We all know it, but we’ve somehow accepted it as inevitable. The endless notifications. The clickbait headlines designed to trigger rather than inform, driven by relentless ad monetization. The exhausting cycle of checking multiple apps throughout the day, only to feel more anxious and less informed than when we started. This isn’t what news was supposed to be. We can do better, and create what news should have been all along: pure, essential information that respects your intelligence and time.

A new product from Kagi. It looks pretty nice, and it’s highly customizable. I've been using it for a few days now, and I'm really enjoying it.

https://daringfireball.net/linked/2025/08/15/woz-on-slashdot

I gave all my Apple wealth away because wealth and power are not what I live for. I have a lot of fun and happiness. I funded a lot of important museums and arts groups in San Jose, the city of my birth, and they named a street after me for being good. I now speak publicly and have risen to the top. I have no idea how much I have but after speaking for 20 years it might be $10M plus a couple of homes. I never look for any type of tax dodge. I earn money from my labor and pay something like 55% combined tax on it. I am the happiest person ever. Life to me was never about accomplishment, but about Happiness, which is Smiles minus Frowns. I developed these philosophies when I was 18-20 years old and I never sold out.

The two Steves were so very different in so many ways, yet at heart, both exemplified that intersection between technology and the liberal arts.

https://ia.net/topics/tokyo-focus-tracks

Tokyo, the birthplace of iA, has always been a quiet engine behind our work. Its trains, in particular, offer something rare: calm, clarity, and momentum. Sitting on a Tokyo train, you don’t need to do anything—you just move forward. It’s the perfect mindset for writing.

https://paulgraham.com/vb.html

If life is short, we should expect its shortness to take us by surprise. And that is just what tends to happen. You take things for granted, and then they're gone. You think you can always write that book, or climb that mountain, or whatever, and then you realize the window has closed. The saddest windows close when other people die. Their lives are short too. After my mother died, I wished I'd spent more time with her. I lived as if she'd always be there. And in her typical quiet way she encouraged that illusion. But an illusion it was. I think a lot of people make the same mistake I did.

https://x.com/waitbutwhy/status/1406980353986809861

A good illustration to keep in mind.